Market Info Tables

InterTrader.com offers spread betting and CFD trading on stock indices, shares, currencies, commodities, interest rates and bonds. Please note that settlement rules differ between product types: we offer Futures (which expire at a given future date and time) and Rolling Daily contracts (which automatically roll over from day to day).

Our most popular spread betting and CFD markets

Market Spread* Min. initial margin Spread with
max. TradeBack rebate**
UK 100 (Rolling Daily) 1 25 0.9
Germany 30 (Rolling Daily) 1 30 0.9
Wall Street (Rolling Daily) 1 50 0.9
US Tech 100 (Rolling Daily)
(per 0.1 point)
4 85 3.6
EUR/USD (Rolling Daily)
(per 0.0001 point)
1 25 0.9
EUR/GBP (Rolling Daily)
(per 0.0001 point)
0.8 20 0.72
USD/JPY (Rolling Daily)
(per 0.01 point)
0.8 30 0.72
AUD/USD (Rolling Daily)
(per 0.0001 point)
1 20 0.9
GBP/USD (Rolling Daily)
(per 0.0001 point)
1.8 35 1.62
Silver (Rolling Daily)
(per 0.01 point)
2.6 50 2.34
Gold (Rolling Daily)
(per 0.1 point)
4 85 3.6
Brent Crude (Futures)
(per 0.1 point)
4 80 3.6
US Crude (Futures)
(per 0.1 point)
4 70 3.6
UK 100 shares 0.08% 3% NA
Major US shares 4c/share 5% NA
Market Spread* Min. initial margin Spread with
max. TradeBack rebate**
UK 100 (Rolling Daily) 1 25 0.9
Germany 30 (Rolling Daily) 1 30 0.9
Wall Street (Rolling Daily) 1 50 0.9
US Tech 100 (Rolling Daily)
(per 0.1 point)
4 85 3.6
EUR/USD (Rolling Daily)
(per 0.0001 point)
1 25 0.9
EUR/GBP (Rolling Daily)
(per 0.0001 point)
0.8 20 0.72
USD/JPY (Rolling Daily)
(per 0.01 point)
0.8 30 0.72
Market Spread* Min. initial margin Spread with
max. TradeBack rebate**
AUD/USD (Rolling Daily)
(per 0.0001 point)
1 20 0.9
GBP/USD (Rolling Daily)
(per 0.0001 point)
1.8 35 1.62
Silver (Rolling Daily)
(per 0.01 point)
2.6 50 2.34
Gold (Rolling Daily)
(per 0.1 point)
4 85 3.6
Brent Crude (Futures)
(per 0.1 point)
4 80 3.6
US Crude (Futures)
(per 0.1 point)
4 70 3.6
UK 100 shares 0.08% 3% NA
Major US shares 4c/share
5% NA

Quotes are ‘per point’ except where indicated.
*Spreads apply during market hours. For individual shares our spread is added either side of the market spread.
**The rebate is paid at the end of the month to clients who have traded in sufficient volume. Equity trades are currently excluded from the TradeBack scheme.

Contracts

Rolling Daily

Rolling contracts provide a cost-effective solution for short- to medium-term trading. They have a nominal expiry date many years in the future and simply roll over from one day to the next trading day, along with any corresponding orders that might be attached. An overnight financing rate is applied for each night you hold a rolling contract open. Just as you might hold a mortgage on a property by paying regular interest on the lump sum, when you trade a rolling contract with a margin deposit your account attracts a debit or credit for each new day the position is held. In the event of a corporate action or dividend being applied to the underlying market, a cash adjustment may be made to the account to reflect this redistribution of cash. A haircut may be applied to the value of this cash adjustment.

Futures

Futures contracts will expire at a given future date. The price is derived from the relevant underlying product or a related futures contract and will factor in the ‘cost of carry’ to the expiry date. Key determinants of the cost of carry are the time to expiry and relevant interest rates. Therefore no overnight financing will be applied while a position is held. The contract can be closed at any time before it expires, just as with a rolling contract.

General notes

i) All details are correct at time of going to press.

ii) London Capital Group Ltd reserves the right, at its sole discretion, to alter the contract specifications at any time and to widen spreads or increase margins in times of excessive market volatility.

iii) All times stated are UK times.

iv) LCG will not quote any markets outside of its opening hours which are generally Sunday 22:00 to Friday 21:15, UK time.

Automatic stop-loss order

We will automatically assign a stop-loss order to every trade placed on your account. The stop level is based on 80% of the margin that is applied to the trade. For instance, if you have £2000 in your account and you trade the UK 100 (Rolling Daily) at £10 per point, the system will automatically allocate a stop-loss 120 points away (because the maximum Initial Margin for UK 100 is 150 and 80% of 150 is 120). You would also have £500 remaining as available funds on your account. Alternatively, if there are insufficient trading resources to cover the maximum Initial Margin, the system will allocate the stop level based upon 80% of the total trading resources available on your account, which would in this case be your Initial Margin.

You may amend your stop to whatever level you desire, subject to the minimum stop distance for each market and the margin requirements. Although the automatic stop does go some way towards limiting your risk on open trades, you must be aware that all orders including stop-losses are subject to slippage and market gaps unless you specify for your stop to be guaranteed.

Initial Margin (IM)

The Initial Margin is the amount of unencumbered trading resources required to open each trade. The minimum IM determines the minimum margin required to open a particular trade. You can calculate the minimum level of funds required to open a new position by multiplying the minimum IM by your stake. For example, the current minimum IM for the UK 100 Index Future is 30, so if you wish to trade £5 per point you will need a minimum of £150 in available funds on your account (as 30 x £5 = £150). The maximum IM is used to calculate your margin requirement and stop level if you do not set your stop when you open your position (see above). The minimum and maximum IM vary depending on the market, as detailed in the tables.

Guaranteed Stops

With a Guaranteed Stop order you can trade safe in the knowledge that, should a market gap through your stop level, you will be stopped out at the level you requested and will not suffer any losses from slippage. As Guaranteed Stop orders are a form of insurance they come at a small extra cost: this is calculated by multiplying the Guaranteed Stop charge by your risk per point. When instructing us to attach a Guaranteed Stop to a new or existing position the charge will be taken by executing a cash debit to your account. If you attach a Guaranteed Stop to a new order the charge will be taken when and if the order is triggered and a new position is created. There is a minimum distance for placing a Guaranteed Stop which differs by market and may be further than the minimum distance for a non-guaranteed stop. Guaranteed Stop charges and distances for individual markets can be found in the tables.

Limited Risk accounts

A Limited Risk account helps minimise the risks of trading by associating a Guaranteed Stop order with each of your opening positions. Depending on your level of experience and financial situation you may be steered towards this account when you apply. Once you have gained experience you can always contact Customer Support to request to swap your account to a standard account, which means you will have the option of placing Guaranteed Stops if you wish but these will not be mandatory. You should note that by opening a Limited Risk account you will be subject to Guaranteed Stop charges and minimum distances on all your positions.

Short selling restrictions

Please be advised that various regulators have imposed short selling restrictions on a small number of the equity markets we quote. This means that you are not allowed to hold sell positions in these markets. While we will attempt to keep you informed of changes imposed by the regulators, please understand that it is your responsibility to know which shares you can and cannot short.

If you place a trade in contravention to these restrictions we may, solely at our discretion, close any such position without notice to you. We will close positions at either the current quote or at the entry level plus our spread. You will be liable for any loss you might incur as a result of such an action by us and you may also be liable to action taken by the regulator due to your contravention of said regulations.

If you do have a specific query about an individual share, please check with the relevant exchange, or contact our dealing team who will endeavour to assist you.