Parameters 
Data 
Leverage up to

1:500 (Retail  1:30)

Leverage – the ratio of position's notional value to amount of margin required for opening a position (e.g. leverage 1:500 means that EUR 100,000 contract requires as low as 200 EUR margin).

Commission, USD per lot (single side)

3.0

Commission – summary commission for opening and closing a position.

Symbol

GBPUSDECN

Symbol – the instrument ticker in the trading platform.

Minimum Spread, Pips

0.1

Minimum Spread – the lowest value of the floating spread, expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.

Typical Spread, Pips

0.6

Typical Spread – the typical value of the floating spread in normal market conditions (for cash indices – the typical value of the spread during trading hours of underlying stock index), expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.

Limit / Stop Levels

0

Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.

SWAP Value (Long), Pips

1.076

SWAP Value (Long) – an amount to be credited or debited for rolling a Buy position over one trading day to the next.

SWAP Value (Short), Pips

0.305

SWAP Value (short) – an amount to be credited or debited for rolling a Sell position over one trading day to the next.

3day SWAPs

Wednesday

3day SWAPs – a day of the week when the SWAP is credited or debited in a triple amount.

Tick Size

0.00001

Tick Size – the minimum increment of the price.

Lot Size, GBP

100000

Lot Size – a quantity of the underlying asset units in a single standardized contract (1.0 Lots).

Minimum Contract Size, Lots

0.01

Minimum Contract Size – the minimum contract size for opening a position. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).

Maximum Contract Size, Lots

200

Maximum Contract Size The maximum contract size for opening a position Lot The standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).

Contract Step, Lots

0.01

Contract Step – the minimum increment of the contract above the minimum contract size level. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base)

Pip Value Per Minimum Contract, USD

0.1

Pip Value Per Minimum Contract – a value of the minimum price increment for a position with the lowest available contract size. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point. For other instruments 1 pip is equal to Tick Size.

Minimum Margin, GBP

200 (Retail  3,333.33)

Minimum Margin – the amount of funds required to open and maintain a 1lot position with the lowest margin requirements.

Minimum Hedged Margin, GBP

100 (Retail  1,666.67)

Minimum Hedged Margin – the amount of funds required to open and maintain two offsetting 1lot positions (Buy and Sell) with the lowest margin requirements.

Trading Platform

Metatrader 4

Trading Platform – a trading software required to start trading this instrument.

Trading Schedule, EET

00:05  23:59 Mon  Fri; preclose margining from 23:00 Fri

EET – trading hours in Eastern European Time (GMT+2, summer  GMT+3).
