Forex is traded with the following bid/ask spreads

CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
AUDCAD Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 2,000,000
AUD 4,000,000
AUD 8,000,000
>= AUD 8,000,000
0.0009
0.001
0.0011
(RFQ) 0.00110
AUDCHF Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 3,000,000
AUD 6,000,000
AUD 12,000,000
>= AUD 12,000,000
0.0009
0.001
0.0011
(RFQ) 0.00110
AUDCZK Major 4.00% AUD 5,000 AUD 50,000 USD 10 AUD 1,000,000
AUD 2,000,000
AUD 3,000,000
>= AUD 3,000,000
0.02
0.023
0.03
(RFQ) 0.030
AUDCZK Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 2,000,000
AUD 4,000,000
AUD 8,000,000
>= AUD 8,000,000
0.0035
0.004
0.0045
(RFQ) 0.0045
AUDEUR Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 2,000,000
AUD 4,000,000
AUD 8,000,000
>= AUD 8,000,000
0.0004
0.0006
0.0007
(RFQ) 0.00070
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
AUDGBP Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 2,000,000
AUD 4,000,000
AUD 8,000,000
>= AUD 8,000,000
0.0004
0.0005
0.0006
(RFQ) 0.00060
AUDHUF Minor 4.00% AUD 5,000 AUD 50,000 USD 10 AUD 1,000,000
AUD 2,000,000
AUD 3,000,000
>= AUD 3,000,000
0.25
0.28
0.33
(RFQ) 0.33
AUDJPY Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 5,000,000
AUD 10,000,000
AUD 15,000,000
>= AUD 15,000,000
0.06
0.07
0.09
(RFQ) 0.090
AUDMXN Exotic 8.00% AUD 5,000 AUD 100,000 USD 10 None 0.008
AUDNOK Major 2.00% AUD 10,000 AUD 100,000 USD 10 AUD 3,000,000
>= AUD 3,000,000
0.005
(RFQ) 0.0050
AUDNZD Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 2,000,000
AUD 4,000,000
AUD 8,000,000
>= AUD 8,000,000
0.0011
0.0013
0.0015
(RFQ) 0.00150
AUDPLN Minor 4.00% AUD 5,000 AUD 50,000 USD 10 AUD 1,000,000
AUD 2,000,000
AUD 3,000,000
>= AUD 3,000,000
0.0025
0.003
0.0035
(RFQ) 0.0035
AUDSEK Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 2,000,000
AUD 4,000,000
AUD 8,000,000
>= AUD 8,000,000
0.004
0.0045
0.005
(RFQ) 0.0050
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
AUDSGD Major 2.00% AUD 5,000 AUD 50,000 USD 10 AUD 1,000,000
AUD 2,000,000
AUD 3,000,000
>= AUD 3,000,000
0.0008
0.0009
0.001
(RFQ) 0.00100
AUDTRY Exotic 4.00% AUD 5,000 AUD 100,000 AUD 100,000 AUD 1,000,000
AUD 2,000,000
AUD 3,000,000
>= AUD 3,000,000
0.0013
0.0014
0.0016
(RFQ) 0.0016
AUDUSD Major 2.00% AUD 5,000 AUD 100,000 USD 10 AUD 10,000,000
AUD 20,000,000
AUD 30,000,000
>= AUD 30,000,000
(RFQ) 0.0016
0.0003
0.0004
0.0005
(RFQ) 0.00050
AUDZAR Minor 4.00% AUD 5,000 AUD 100,000 USD 10 AUD 1,000,000
AUD 2,000,000
AUD 3,000,000
>= AUD 3,000,000
0.008
0.009
0.01
(RFQ) 0.01000
CADCHF Major 2.00% CAD 5,000 CAD 100,000 USD 10 CAD 3,000,000
CAD 6,000,000
CAD 12,000,000
>= CAD 12,000,000
0.0007
0.0008
0.0009
(RFQ) 0.00090
CADJPY Major 2.00% CAD 5,000 CAD 100,000 USD 10 CAD 5,000,000
CAD 10,000,000
>= CAD 10,000,000
0.05
0.06
(RFQ) 0.060
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
CADMXN Exotic 8.00% CAD 5,000 CAD 100,000 USD 10 CAD 1,000,000
CAD 3,000,000
CAD 5,000,000
>= CAD 5,000,000
0.0065
0.007
0.008
(RFQ) 0.0080
CADNOK Major 2.00% CAD 5,000 CAD 100,000 USD 10 CAD 3,000,000
>= CAD 3,000,000
0.007
(RFQ) 0.00700
CADPLN Minor 4.00% CAD 5,000 CAD 100,000 USD 10 CAD 1,000,000
CAD 2,000,000
CAD 4,000,000
>= CAD 4,000,000
0.0027
0.003
0.0035
(RFQ) 0.0035
CADSEK Major 2.00% CAD 5,000 CAD 100,000 USD 10 CAD 3,000,000
>= CAD 3,000,000
0.007
(RFQ) 0.0070
CADTRY Exotic 4.00% CAD 5,000 CAD 100,000 USD 10 CAD 1,000,000
CAD 2,000,000
CAD 3,000,000
>= CAD 3,000,000
0.0012
0.0014
0.0016
(RFQ) 0.00160
CADUSD Major 2.00% CAD 5,000 CAD 100,000 USD 10 CAD 2,000,000
CAD 4,000,000
>= CAD 4,000,000
0.0004
0.0005
(RFQ) 0.00050
CHFAUD Major 2.00% CHF 5,000 CHF 100,000 USD 10 CHF 2,000,000
CHF 4,000,000
CHF 8,000,000
>= CHF 8,000,000
0.0008
0.0009
0.001
(RFQ) 0.00100
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
CHFCZK Minor 4.00% CHF 5,000 CHF 50,000 USD 10 CHF 1,000,000
CHF 3,000,000
CHF 5,000,000
>= CHF 5,000,000
0.02
0.025
0.035
(RFQ) 0.035
CHFDKK Major 2.00% CHF 5,000 CHF 100,000 USD 10 CHF 5,000,000
CHF 10,000,000
CHF 20,000,000
>= CHF 20,000,000
0.0017
0.002
0.0025
(RFQ) 0.0025
CHFHUF Minor 4.00% CHF 5,000 CHF 50,000 USD 10 CHF 1,000,000
CHF 2,000,000
CHF 4,000,000
>= CHF 4,000,000
0.22
0.25
0.32
(RFQ) 0.320
CHFJPY Major 2.00% CHF 5,000 CHF 100,000 USD 10 CHF 5,000,000
CHF 10,000,000
CHF 15,000,000
>= CHF 15,000,000
0.04
0.05
0.06
(RFQ) 0.060
CHFMXN Exotic 8.00% CHF 5,000 CHF 100,000 USD 10 None 0.007
CHFNOK Major 2.00% CHF 5,000 CHF 100,000 USD 10 CHF 5,000,000
CHF 10,000,000
CHF 20,000,000
>= CHF 20,000,000
0.003
0.004
0.0045
(RFQ) 0.00450
CHFPLN Minor 4.00% CHF 5,000 CHF 50,000 USD 10 CHF 2,000,000
CHF 4,000,000
>= CHF 4,000,000
0.0025
0.0033
(RFQ) 0.00330
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
CHFSEK Major 2.00% CHF 5,000 CHF 100,000 USD 10 CHF 5,000,000
CHF 10,000,000
CHF 20,000,000
>= CHF 20,000,000
0.003
0.004
0.0045
(RFQ) 0.00450
CHFSGD Major 2.00% CHF 5,000 CHF 100,000 USD 10 CHF 1,000,000
CHF 2,000,000
CHF 3,000,000
>= CHF 3,000,000
0.0007
0.0008
0.0009
(RFQ) 0.00090
CHFTRY Exotic 4.00% CHF 5,000 CHF 100,000 USD 10 CHF 1,000,000
CHF 2,000,000
CHF 3,000,000
>= CHF 3,000,000
0.001
0.0011
0.0012
(RFQ) 0.00120
CHFUSD Major 2.00% CHF 5,000 CHF 100,000 USD 10 CHF 2,000,000
CHF 5,000,000
CHF 10,000,000
>= CHF 10,000,000
0.00027
0.00032
0.00037
(RFQ) 0.00037
CHFZAR Minor 4.00% CHF 5,000 CHF 50,000 USD 10 CHF 1,000,000
CHF 2,000,000
CHF 3,000,000
>= CHF 3,000,000
0.0085
0.009
0.0095
(RFQ) 0.0095
CZKPLN Minor 4.00% CZK 50,000 CZK 100,000 USD 10 CZK 20,000,000
>= CZK 20,000,000
0.0004
(RFQ) 0.00040
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
DKKCZK Minor 4.00% DKK 50,000 DKK 500,000 USD 10 DKK 3,000,000
DKK 7,000,000
DKK 10,000,000
>= DKK 10,000,000
0.007
0.008
0.009
(RFQ) 0.0090
DKKHUF Minor 4.00% DKK 50,000 DKK 500,000 USD 10 DKK 3,000,000
DKK 7,000,000
DKK 10,000,000
>= DKK 10,000,000
0.05
0.06
0.07
(RFQ) 0.07
DKKJPY Major 2.00% DKK 50,000 DKK 1,000,000 USD 10 DKK 25,000,000
DKK 50,000,000
DKK 100,000,000
>= DKK 100,000,000
0.009
0.011
0.013
(RFQ) 0.013
DKKPLN Minor 4.00% DKK 50,000 DKK 500,000 USD 10 DKK 3,000,000
DKK 7,000,000
DKK 10,000,000
>= DKK 10,000,000
0.0005
0.0006
0.0007
(RFQ) 0.0007
DKKSGD Major 2.00% DKK 50,000 DKK 500,000 USD 10 None (RFQ) 0.0007
DKKZAR Minor 4.00% DKK 50,000 DKK 500,000 USD 10 DKK 3,000,000
DKK 7,000,000
DKK 10,000,000
>= DKK 10,000,000
0.0013
0.0015
0.0018
(RFQ) 0.0018
EURAUD Major 2.00% EUR 5,000 EUR 100,000 USD 10 EUR 2,000,000
EUR 4,000,000
EUR 8,000,000
>= EUR 8,000,000
0.0008
0.0009
0.001
(RFQ) 0.00100
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
EURCAD Major 2.00% EUR 5,000 EUR 100,000 USD 10 EUR 6,000,000
EUR 12,000,000
>= EUR 12,000,000
0.0009
0.001
(RFQ) 0.00100
EURCHF Major 2.00% EUR 5,000 EUR 100,000 USD 10 EUR 10,000,000
EUR 15,000,000
EUR 20,000,000
>= EUR 20,000,000
0.0003
0.00035
0.0004
(RFQ) 0.00040
EURCZK Minor 4.00% EUR 5,000 EUR 50,000 USD 10 EUR 3,000,000
EUR 5,000,000
EUR 7,000,000
>= EUR 7,000,000
0.03
0.032
0.035
(RFQ) 0.0350
EURDKK Major 2.00% EUR 5,000 EUR 100,000 USD 10 EUR 25,000,000
>= EUR 25,000,000
0.0005
(RFQ) 0.00050
EURGBP Major 1.00% EUR 5,000 EUR 100,000 USD 10 EUR 10,000,000
EUR 15,000,000
>= EUR 15,000,000
0.0003
0.00035
(RFQ) 0.00035
EURHKD Minor 4.00% EUR 5,000 EUR 50,000 USD 10 EUR 5,000,000
EUR 7,000,000
EUR 10,000,000
>= EUR 10,000,000
0.0025
0.0027
0.003
(RFQ) 0.00300
EURHUF Minor 4.00% EUR 5,000 EUR 50,000 USD 10 EUR 3,000,000
EUR 5,000,000
EUR 8,000,000
>= EUR 8,000,000
0.3
0.35
0.4
(RFQ) 0.40
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
EURJPY Major 1.00% EUR 5,000 EUR 100,000 USD 10 EUR 8,000,000
EUR 15,000,000
EUR 20,000,000
>= EUR 20,000,000
0.035
0.04
0.045
(RFQ) 0.045
EURLTL Minor 4.00% EUR 5,000 EUR 100,000 USD 10 EUR 1,000,000
>= EUR 1,000,000
0.0012
(RFQ) 0.0012
EURMXN Exotic 8.00% EUR 5,000 EUR 100,000 USD 10 EUR 1,000,000
EUR 2,000,000
>= EUR 2,000,000
0.006
0.007
(RFQ) 0.00700
EURNOK Major 2.00% EUR 5,000 EUR 100,000 USD 10 EUR 5,000,000
EUR 10,000,000
EUR 20,000,000
>= EUR 20,000,000
EUR 5,000,000
EUR 10,000,000
EUR 20,000,000
>= EUR 20,000,000
EURNZD Major 2.00% EUR 5,000 EUR 100,000 USD 10 EUR 2,000,000
EUR 4,000,000
EUR 8,000,000
>= EUR 8,000,000
0.0012
0.0013
0.0015
(RFQ) 0.00150
EURPLN Minor 4.00% EUR 5,000 EUR 50,000 USD 10 EUR 3,000,000
EUR 5,000,000
EUR 8,000,000
>= EUR 8,000,000
0.0027
0.0035
0.004
(RFQ) 0.00400
EURRON Minor 4.00% EUR 5,000 EUR 50,000 USD 10 EUR 500,000
>= EUR 500,000
0.005
(RFQ) 0.0050
EURRUB2 Major 8.00% EUR 5,000 EUR 50,000 USD 10 None (RFQ) 0.0360
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
EURSEK Major 2.00% EUR 5,000 EUR 100,000 USD 10 EUR 8,000,000
EUR 16,000,000
EUR 26,000,000
>= EUR 26,000,000
0.004
0.005
0.0055
(RFQ) 0.00550
EURSGD Major 2.00% EUR 5,000 EUR 50,000 USD 10 EUR 3,000,000
EUR 4,000,000
EUR 5,000,000
>= EUR 5,000,000
0.0007
0.0008
0.0009
(RFQ) 0.00090
EURTRY Exotic 4.00% EUR 5,000 EUR 50,000 USD 10 EUR 2,000,000
EUR 3,000,000
>= EUR 3,000,000
0.001
0.0011
(RFQ) 0.00110
EURUSD Major 1.00% EUR 5,000 EUR 50,000 USD 10 EUR 10,000,000
EUR 20,000,000
EUR 25,000,000
>= EUR 25,000,000
0.0002
0.00035
0.00045
(RFQ) 0.00045
EURZAR Minor 4.00% EUR 5,000 EUR 125,000 USD 10 EUR 1,000,000
EUR 2,000,000
EUR 3,000,000
>= EUR 3,000,000
0.0095
0.011
0.012
(RFQ) 0.01200
GBPAUD Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 2,000,000
GBP 4,000,000
GBP 8,000,000
>= GBP 8,000,000
0.0009
0.001
0.0011
(RFQ) 0.00110
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
GBPCAD Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 4,000,000
GBP 7,000,000
GBP 10,000,000
>= GBP 10,000,000
0.0008
0.0009
0.0015
(RFQ) 0.00150
GBPCHF Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 5,000,000
GBP 10,000,000
>= GBP 10,000,000
0.0007
0.0008
(RFQ) 0.00080
GBPCZK Minor 4.00% GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
GBP 1,500,000
GBP 2,000,000
>= GBP 2,000,000
0.045
0.05
0.055
(RFQ) 0.0550
GBPDKK Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 3,000,000
GBP 6,000,000
GBP 12,000,000
>= GBP 12,000,000
0.0055
0.006
0.0065
(RFQ) 0.0065
GBPEUR Major 1.00% GBP 5,000 GBP 50,000 USD 10 GBP 3,000,000
GBP 5,000,000
GBP 7,000,000
>= GBP 7,000,000
0.0006
0.0007
0.0008
(RFQ) 0.00080
GBPHUF Wheat Wheat GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
GBP 1,500,000
GBP 2,000,000
>= GBP 2,000,000
0.4
0.45
0.5
(RFQ) 0.500
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
GBPILS Exotic 8.00% GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
GBP 2,000,000
>= GBP 2,000,000
0.008
0.009
(RFQ) 0.0090
GBPJPY Major 1.00% GBP 5,000 GBP 50,000 USD 10 GBP 5,000,000
GBP 7,000,000
GBP 10,000,000
>= GBP 10,000,000
0.07
0.08
0.09
(RFQ) 0.090
GBPMXN Exotic 8.00% GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
>= GBP 1,000,000
0.06
(RFQ) 0.06
GBPNOK Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 4,000,000
GBP 8,000,000
>= GBP 8,000,000
0.007
0.0085
(RFQ) 0.0085
GBPNZD Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 2,000,000
GBP 4,000,000
>= GBP 4,000,000
0.0025
0.003
(RFQ) 0.00300
GBPPLN Minor 4.00% GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
GBP 1,500,000
GBP 2,000,000
>= GBP 2,000,000
0.003
0.0035
0.004
(RFQ) 0.00400
GBPSEK Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 4,000,000
GBP 8,000,000
>= GBP 8,000,000
0.007
0.0085
(RFQ) 0.0085
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
GBPSGD Major 2.00% GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
GBP 2,000,000
GBP 3,000,000
>= GBP 3,000,000
0.0008
0.0009
0.001
(RFQ) 0.0010
GBPTRY Exotic 4.00% GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
GBP 2,000,000
GBP 3,000,000
>= GBP 3,000,000
0.0013
0.0015
0.0017
(RFQ) 0.00170
GBPUSD Major 1.00% GBP 5,000 GBP 50,000 USD 10 GBP 10,000,000
GBP 15,000,000
GBP 20,000,000
>= GBP 20,000,000
0.0004
0.00045
0.0005
(RFQ) 0.00050
GBPZAR Minor 4.00% GBP 5,000 GBP 50,000 USD 10 GBP 1,000,000
GBP 1,500,000
GBP 2,000,000
>= GBP 2,000,000
0.017
0.018
0.02
(RFQ) 0.0200
HKDJPY Minor 4.00% HKD 50,000 HKD 50,000 USD 10 HKD 15,000,000
HKD 25,000,000
HKD 35,000,000
>= HKD 35,000,000
0.004
0.0043
0.0045
(RFQ) 0.0045
HUFJPY Minor 4.00% HUF 1,000,000 HUF 30,000,000 USD 10 HUF 300,000,000
>= HUF 300,000,000
0.002
(RFQ) 0.0020
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
JPYDKK Major 2.00% JPY 500,000 JPY 10,000,000 USD 10 JPY 250,000,000
JPY 500,000,000
JPY 1,000,000,000
>= JPY 1,000,000,000
0.00004
0.00005
0.00006
(RFQ) 0.000060
JPYNOK Major 2.00% JPY 500,000 JPY 10,000,000 USD 10 JPY 300,000,000
JPY 600,000,000
JPY 1,200,000,000
>= JPY 1,200,000,000
0.00004
0.00005
0.00006
(RFQ) 0.000060
JPYUSD Major 1.00% JPY 500,000 JPY 1,000,000 USD 10 JPY 50,000,000
JPY 500,000,000
>= JPY 500,000,000
0.000003
0.000004
(RFQ) 0.0000040
MXNJPY Exotic 8.00% MXN 5,000 MXN 100,000 USD 10 MXN 5,000,000
MXN 10,000,000
MXN 15,000,000
>= MXN 15,000,000
0.03
0.04
0.05
(RFQ) 0.050
NOKDKK Major 2.00% NOK 50,000 NOK 1,000,000 USD 10 NOK 25,000,000
NOK 50,000,000
NOK 100,000,000
>= NOK 100,000,000
0.0007
0.0008
0.0009
(RFQ) 0.00090
NOKJPY Major 2.00% NOK 50,000 NOK 1,000,000 USD 10 NOK 25,000,000
NOK 50,000,000
NOK 100,000,000
>= NOK 100,000,000
0.009
0.01
0.011
(RFQ) 0.0110
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
NOKSEK Major 2.00% NOK 50,000 NOK 1,000,000 USD 10 NOK 50,000,000
NOK 100,000,000
NOK 200,000,000
>= NOK 200,000,000
0.0008
0.0011
0.0013
(RFQ) 0.00130
NOKUSD Major 2.00% NOK 50,000 NOK 1,000,000 USD 10 NOK 15,000,000
NOK 30,000,000
NOK 60,000,000
>= NOK 60,000,000
0.0001
0.00011
0.00012
(RFQ) 0.000120
NZDAUD Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
NZD 4,000,000
NZD 8,000,000
>= NZD 8,000,000
0.0009
0.0011
0.0013
(RFQ) 0.00130
NZDCAD Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
NZD 4,000,000
NZD 8,000,000
>= NZD 8,000,000
0.0008
0.001
0.0013
(RFQ) 0.00130
NZDCHF Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
NZD 4,000,000
NZD 8,000,000
>= NZD 8,000,000
0.0007
0.0009
0.0012
(RFQ) 0.00120
NZDCZK Minor 4.00% NZD 5,000 NZD 50,000 USD 10 NZD 1,000,000
NZD 1,500,000
NZD 2,000,000
>= NZD 2,000,000
0.04
0.043
0.045
(RFQ) 0.0450
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
NZDDKK Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
NZD 4,000,000
NZD 8,000,000
>= NZD 8,000,000
0.0025
0.003
0.0045
(RFQ) 0.0045
NZDEUR Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
NZD 4,000,000
NZD 8,000,000
>= NZD 8,000,000
0.0006
0.0007
0.0009
(RFQ) 0.00090
NZDGBP Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
NZD 4,000,000
NZD 8,000,000
>= NZD 8,000,000
0.0004
0.0005
0.0006
(RFQ) 0.00060
NZDHUF Minor 4.00% NZD 5,000 NZD 50,000 USD 10 NZD 1,000,000
NZD 1,500,000
NZD 2,000,000
>= NZD 2,000,000
0.4
0.45
0.5
(RFQ) 0.50
NZDJPY Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 5,000,000
NZD 15,000,000
>= NZD 15,000,000
0.07
0.09
(RFQ) 0.090
NZDMXN Exotic 8.00% NZD 5,000 NZD 100,000 USD 10 None (RFQ) 0.0080
NZDNOK Major 2.00% NZD 10,000 NZD 100,000 USD 10 NZD 3,000,000
>= NZD 3,000,000
0.005
(RFQ) 0.0050
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
NZDPLN Minor 4.00% NZD 5,000 NZD 50,000 USD 10 NZD 1,000,000
NZD 1,500,000
NZD 2,000,000
>= NZD 2,000,000
0.004
0.0043
0.0045
(RFQ) 0.0045
NZDSEK Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
NZD 4,000,000
NZD 8,000,000
>= NZD 8,000,000
0.005
0.0055
0.0065
(RFQ) 0.0065
NZDSGD Major 2.00% NZD 5,000 NZD 50,000 USD 10 NZD 1,000,000
NZD 2,000,000
NZD 3,000,000
>= NZD 3,000,000
0.001
0.0011
0.0012
(RFQ) 0.00120
NZDTRY Exotic 4.00% NZD 5,000 NZD 100,000 USD 10 NZD 2,000,000
>= NZD 2,000,000
0.0011
(RFQ) 0.0011
NZDUSD Major 2.00% NZD 5,000 NZD 100,000 USD 10 NZD 4,000,000
NZD 8,000,000
NZD 20,000,000
>= NZD 20,000,000
0.0004
0.0005
0.0007
(RFQ) 0.00070
NZDZAR Minor 4.00% NZD 5,000 NZD 100,000 USD 10 NZD 1,000,000
NZD 1,500,000
NZD 2,000,000
>= NZD 2,000,000
0.0075
0.0085
0.0095
(RFQ) 0.0095
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
PLNDKK Minor 4.00% PLN 50,000 PLN 125,000 USD 10 PLN 2,000,000
PLN 4,000,000
PLN 6,000,000
>= PLN 6,000,000
0.0012
0.0014
0.0015
(RFQ) 0.0015
PLNHUF Minor 4.00% PLN 50,000 PLN 100,000 USD 10 PLN 5,000,000
>= PLN 5,000,000
0.15
(RFQ) 0.150
PLNJPY Minor 4.00% PLN 50,000 PLN 125,000 USD 10 PLN 5,000,000
PLN 7,000,000
PLN 10,000,000
>= PLN 10,000,000
0.025
0.035
0.04
(RFQ) 0.040
PLNSEK Minor 4.00% PLN 50,000 PLN 125,000 USD 10 None 0.0035
SEKDKK Major 2.00% SEK 50,000 SEK 500,000 USD 10 SEK 25,000,000
SEK 50,000,000
SEK 100,000,000
>= SEK 100,000,000
0.0005
0.0007
0.0008
(RFQ) 0.0008
SEKJPY Major 2.00% SEK 50,000 SEK 500,000 USD 10 SEK 25,000,000
SEK 50,000,000
SEK 100,000,000
>= SEK 100,000,000
0.009
0.01
0.011
(RFQ) 0.0110
SEKNOK Major 2.00% SEK 50,000 SEK 500,000 USD 10 SEK 50,000,000
SEK 100,000,000
SEK 200,000,000
>= SEK 200,000,000
0.0008
0.0011
0.0013
(RFQ) 0.00130
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
SEKPLN Minor 4.00% SEK 50,000 SEK 50,000 USD 10 None 0.0006
SGDHKD Minor 4.00% SGD 5,000 SGD 100,000 USD 10 SGD 2,000,000
SGD 4,000,000
SGD 6,000,000
>= SGD 6,000,000
0.0025
0.0028
0.003
(RFQ) 0.0030
SGDJPY Major 2.00% SGD 5,000 SGD 50,000 USD 10 SGD 4,000,000
SGD 6,000,000
SGD 8,000,000
>= SGD 8,000,000
0.05
0.06
0.07
(RFQ) 0.070
SGDJPY Exotic 4.00% TRY 5,000 TRY 50,000 USD 10 TRY 3,000,000
>= TRY 3,000,000
0.0023
(RFQ) 0.0023
TRYJPY Exotic 4.00% TRY 5,000 TRY 100,000 USD 10 TRY 2,000,000
TRY 3,000,000
TRY 4,000,000
>= TRY 4,000,000
0.06
0.07
0.08
(RFQ) 0.08
TRYZAR Exotic 4.00% TRY 10,000 TRY 250,000 USD 10 TRY 1,500,000
>= TRY 1,500,000
0.015
(RFQ) 0.0150
USDAED Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 250,000
>= USD 250,000
0.0007
(RFQ) 0.0007
USDBHD Minor 4.00% USD 5,000 USD 50,000 USD 10 None (RFQ) 0.00050
USDCAD Major 2.00% USD 5,000 USD 50,000 USD 50,000 USD 6,000,000
USD 12,000,000
USD 25,000,000
>= USD 25,000,000
0.0004
0.0005
0.0007
(RFQ) 0.00070
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
USDCHF Major 2.00% USD 5,000 USD 50,000 USD 10 USD 10,000,000
USD 20,000,000
USD 25,000,000
>= USD 25,000,000
0.0003
0.0004
0.00045
(RFQ) 0.00045
USDCZK Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 3,000,000
USD 5,000,000
USD 7,000,000
>= USD 7,000,000
0.03
0.032
0.035
(RFQ) 0.0350
USDDKK Major 2.00% USD 5,000 USD 100,000 USD 10 USD 5,000,000
USD 10,000,000
>= USD 10,000,000
0.0025
0.003
(RFQ) 0.00300
USDHKD Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 5,000,000
USD 10,000,000
USD 15,000,000
>= USD 15,000,000
0.0005
0.0006
0.0007
(RFQ) 0.00070
USDHUF Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 3,000,000
USD 5,000,000
USD 8,000,000
>= USD 8,000,000
0.3
0.35
0.4
(RFQ) 0.40
USDILS Exotic 8.00% USD 5,000 USD 50,000 USD 10 USD 1,000,000
>= USD 1,000,000
0.004
(RFQ) 0.0040
USDJOD Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 250,000
>= USD 250,000
USD 250,000
>= USD 250,000
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
USDJPY Major 1.00% USD 5,000 USD 50,000 USD 10 USD 12,000,000
USD 20,000,000
USD 25,000,000
>= USD 25,000,000
0.03
0.035
0.04
(RFQ) 0.040
USDKWD Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 250,000
>= USD 250,000
0.00015
(RFQ) 0.00015
USDLTL Minor 4.00% USD 5,000 USD 100,000 USD 10 USD 1,000,000
>= USD 1,000,000
0.0013
(RFQ) 0.0013
USDMXN Exotic 8.00% USD 5,000 USD 50,000 USD 10 USD 2,000,000
USD 3,000,000
USD 5,000,000
>= USD 5,000,000
0.0055
0.006
0.007
(RFQ) 0.0070
USDNOK Major 2.00% USD 5,000 USD 100,000 USD 10 USD 8,000,000
USD 16,000,000
USD 26,000,000
>= USD 26,000,000
0.004
0.0045
0.005
(RFQ) 0.00500
USDOMR Minor 4.00% USD 5,000 USD 50,000 USD 10 None (RFQ) 0.00015
USDPLN Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 4,000,000
USD 7,000,000
USD 10,000,000
>= USD 10,000,000
0.0035
0.004
0.0045
(RFQ) 0.00450
USDQAR Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 250,000
>= USD 250,000
0.0015
(RFQ) 0.0015
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
USDRON Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 500,000
>= USD 500,000
0.0065
(RFQ) 0.00650
USDRUB2 Major 8.00% USD 5,000 USD 50,000 USD 10 USD 2,000,000
>= USD 2,000,000
0.0225
(RFQ) 0.0225
USDSAR Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 250,000
>= USD 250,000
0.0005
(RFQ) 0.0005
USDSEK Major 2.00% USD 5,000 USD 100,000 USD 10 USD 8,000,000
USD 16,000,000
USD 26,000,000
>= USD 26,000,000
0.004
0.0045
0.005
(RFQ) 0.00500
USDSGD Major 2.00% USD 5,000 USD 50,000 USD 10 USD 5,000,000
USD 6,000,000
USD 7,000,000
>= USD 7,000,000
0.0006
0.0007
0.0008
(RFQ) 0.00080
USDTRY Exotic 4.00% USD 5,000 USD 50,000 USD 10 USD 2,000,000
USD 4,000,000
USD 6,000,000
>= USD 6,000,000
0.0007
0.0009
0.0011
(RFQ) 0.00110
USDZAR Minor 4.00% USD 5,000 USD 50,000 USD 10 USD 2,000,000
USD 3,000,000
USD 4,000,000
>= USD 4,000,000
0.0055
0.0065
0.0075
(RFQ) 0.00750
XAGAUD Metals 4.00% XAG 100 XAG 5,000 USD 10 XAG 30,000
XAG 40,000
>= XAG 40,000
0.06
0.07
(RFQ) 0.070
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
XAGEUR Metals 4.00% XAG 100 XAG 5,000 USD 10 XAG 30,000
XAG 40,000
>= XAG 40,000
0.04
0.05
(RFQ) 0.0500
XAGHKD Metals 4.00% XAG 100 XAG 5,000 USD 10 XAG 30,000
XAG 40,000
>= XAG 40,000
0.3
0.35
(RFQ) 0.3500
XAGJPY Metals 4.00% XAG 100 XAG 5,000 USD 10 XAG 30,000
XAG 40,000
>= XAG 40,000
6
6.5
(RFQ) 6.50
XAGUSD Metals 4.00% XAG 100 XAG 5,000 USD 10 XAG 50,000
XAG 70,000
XAG 100,000
>= XAG 100,000
0.055
0.06
0.065
(RFQ) 0.0650
XAUAUD Metals 4.00% XAU 10 XAU 50 USD 10 XAU 1,000
XAU 1,500
XAU 2,000
>= XAU 2,000
1
1.05
1.1
(RFQ) 1.10
XAUEUR Metals 4.00% XAU 10 XAU 50 USD 10 XAU 1,000
XAU 1,500
XAU 2,000
>= XAU 2,000
0.65
0.7
0.75
(RFQ) 0.75
XAUHKD Metals 4.00% XAU 10 XAU 50 USD 10 XAU 1,000
XAU 1,500
XAU 2,000
>= XAU 2,000
7
7.5
8
(RFQ) 8.00
CrossSectorMargin Requirement 1
Initial/ Weekdays/ Weekends
Minimum trade sizeCommission thresholdCommission
(Below Commission Threshold)
Trade sizeTarget spread
XAUJPY Metals 4.00% XAU 10 XAU 50 USD 10 XAU 1,000
XAU 1,500
XAU 2,000
>= XAU 2,000
XAU 1,000
XAU 1,500
XAU 2,000
>= XAU 2,000
XAUUSD Metals 4.00% XAU 10 XAU 50 USD 10 XAU 2,000
XAU 3,000
XAU 5,000
>= XAU 5,000
0.6
0.65
0.7
(RFQ) 0.70
ZARJPY Minor 4.00% ZAR 50,000 ZAR 50,000 USD 10 ZAR 15,000,000
>= ZAR 15,000,000
0.03
(RFQ) 0.030
  1. The margin rates for the first EUR 50,000 of your investment collateral is 50% of the normal margin rates shown in the table.
  2. EURRUB and USDRUB - Trading hours are from 08.00 CET to 15.00 CET from Monday to Friday.
  3. The target spreads listed are our best possible spreads used in normal market conditions. Under certain market conditions, - such as over the release of key economic figures, during periods of volatile market conditions, and during the sometime illiquid European night time - spreads may be wider and auto execution limits may be lowered or disabled.

Trading on bands

Your trades will be subject to price bands when trading below the auto-execution limit described above. This in effect matches the best possible target spread to the amount traded and removes unnecessary delays and manual intervention. The smaller the amount traded, the narrower the spread. Each time you trade, a reload period begins. If you continue to trade within the reload period, your cumulative volume can affect a band jump. A band jump will automatically quote a spread respective to the cumulative volume traded within the reload period. After the reload period elapses, the bands are reset. The target spreads and amounts for the bands applicable to your account will be displayed in your SaxoTrader.

Ticket fees for low-value trades

For Forex trades below the Ticket Fee Threshold listed, a small ticket fee of USD 10 is added to the trade to cover administration costs.

Forex positions held until their Value Date, and Interest on Unrealised Profit/Loss

Open Spot Forex positions held at the end of a Trading Day will be rolled over to a new Value Date on a Tom/Next basis. As part of the tom next roll over operation, positions are subject to a swap charge or credit. The Swap Points used are based on a swap feed from a Tier 1 bank with a mark up corresponding to /- 0.25% of daily market overnight interest rates, plus an interest component of /- 0.75% for any unrealised P/L on the position based on the same interest rate feed.

Tom/Next rollover

Time of roll-over

Open Spot Forex positions held at the end of a Trading Day at 17:00 New York local time will be rolled over to a new Value Date on a Tom/Next basis immediately after the change of trading day, approximately at 03:00 CET*.

*Currencies subject to special market conditions will be rolled over to a new Value Date on a Tom/Next basis approximately at 10:00 CET.

The Tom/Next credit/debit

As part of the Tom/Next rollover operation, FX positions are subject to a swap charge or credit. The calculated swap charge or credit are referred to as “Swap Point” and are added to/deducted from each FX position’s original traded rate.

The Swap Points are calculated as follows:
A proprietary Tom/Next swap rate is calculated based on a number of factors, including the interest rate* differential between the traded currencies and a Tom/Next swap feed from a Tier-1 bank. The relevant mark-up/down applicable to the client relationship is subsequently added/subtracted. The final rate is used to adjust the original traded rate.

* = Daily market overnight interest rates are used.

Interest on unrealised profit and loss:

Any unrealised profit or loss on the position being rolled is subject to an interest credit or debit.

Calculation of profit or loss:

The unrealised profit and loss is calculated as the difference between original trade rate (possibly corrected for previous Tom/Next rollovers) and the rate of the traded currency cross at 17:00 New York local time.

* For currencies subject to special market conditions the rate of the traded currency cross at 08:15 CET will be applied.

Applicable rate:

The rate is calculated based on daily market overnight interest rates (Reuters Contribution feed) plus/minus the mark-up/down applicable to the client relationship. The final rate is used to adjust the original traded rate.

Total Tom/Next overnight charge:

The total Tom/Next overnight credit/debit is the sum of the two above final rates

View Swap Rates and Interest Rates

TD Derivatives Trading is provided by Saxo Bank SA (Saxo), who is a provider of derivatives trading and whose head and registered office is Saxo Bank, Philip Heymans Alle 15, 2900 Hellerup, Denmark. For the purposes of derivatives trading, any contract is between you and Saxo and all dealing, administration and settlement is carried out by them. Your account is held with Saxo Bank SA, which is incorporated in Denmark as a licensed bank (license no. 1149) and is regulated - along with Saxo Bank A/S London - by the Danish Financial Supervisory Authority (FSA) - Finanstilsynet, Gl. Kongevej 74A, 1850 Frederiksberg C. Further details regarding the Danish FSA and Saxo Bank's license may be viewed at www.ftnet.dk