CFDs are a leverage product and can involve a significant risk of loss. Trading CFDs may not be suitable for all, therefore you should ensure that you understand the risks involved and take into account your individual circumstances.

Spread Betting Specifications & Margin Information

Below, you can find information about how margin requirements are handled on our Spread Betting platform, FxPro Edge.

FxPro uses a dynamic margin model across all instruments on FxPro Edge, which automatically adapts to clients trading positions. As the volume per Instrument of a client increases, the margin requirement increases accordingly, as per the tables below.

This is done per trading instrument, so if a client has positions open across multiple instruments, the margin requirement will be calculated separately on each symbol.

Forex

Bet (£)Margin Requirements
0-5000.20%
500-1,0000.50%
1,000-1,5001.00%
1,500-2,5002.00%
2,500+3.00%
 

Example 1

Consider an account with £1,000 Bet to Buy (or Sell) USDJPY.
In this example, the margin requirement levels can be found in the value table provided above.

BetMargin
£500500 (bet) * 110.138 (opening price) * (1/0.01) (1/pip position) * 2.00% (margin req.) = 110,138 GBP
£500500 (bet) * 110.138 (opening price) * (1/0.01) (1/pip position) * 2.00% (margin req.) = 110,138 GBP
 Total Required Margin: 220,276 GBP
Example 2

Consider an account with Bet £1,250 to Buy (or Sell) GBPUSD.

BetMargin
£500500 (bet) *1.29710 (opening price) * 10000 (contract size) / 1.00% (margin req.) = 64,855 GBP
£500500 (bet) *1.29710 (opening price) * 10000 (contract size) / 1.00% (margin req.) = 64,855 GBP
£250250 (bet) *1.29710 (opening price) * 10000 (contract size) / 1.00% (margin req.) = 32,427.5 GBP
 Total Required Margin: 162,137.5 GBP
Example 3

Consider an account with Bet £1,500 Buy (or Sell) EURUSD.

BetMargin
£500500 (bet) *1.17436 (opening price) * (1/0.0001) (1/pip position) / 0.20% (margin req.) = 11,743.6 GBP
£500500 (bet) *1.17436 (opening price) * (1/0.0001) (1/pip position) / 0.50% (margin req.) = 29,359 GBP
£500250 (bet) *1.29710 (opening price) * (1/0.0001) (1/pip position) / 1.00% (margin req.) = 32,427.5 GBP
 Total Required Margin: 99,820.6 GBP

Metals

Gold
Bet (£)Margin Requirements
0-3,0000.50%
3,000+1.00%
Silver
0-5000.50%
500+1.00%
Example 1

Consider an account with £500 Bet to Buy (or Sell) Gold.

BetMargin
£500500 (bet) * 1264 (opening price) * (1/1.00) (1/pip position) / 2.00% (margin req.) = 12,640 GBP
 Total Required Margin: 12,640 GBP
Example 2

Consider an account with £4,000 Bet to Buy (or Sell) Gold.

BetMargin
£3,0003000 (bet) * 1264 (opening price) * (1/1.00) (1/pip position) / 0.50% (margin req.) = 18,960 GBP
£1,0001000 (bet) * 1264 (opening price) * (1/1.00) (1/pip position) / 1.00% (margin req.) = 12,640 GBP
 Total Required Margin: 31,600 GBP
Example 3

Consider an account with £500 Bet to Buy (or Sell) Silver.

BetMargin
£500500 (bet) * 16.596 (opening price) * (1/0.01) (1/pip position) / 2.00% (margin req.) = 16,596 GBP
 Total Required Margin: 16,596 GBP
Example 4

Consider an account with £1,000 Bet to Buy (or Sell) Silver.

BetMargin
£500500 (bet) * 16.596 (opening price) * (1/0.01) (1/pip position) / 0.50% (margin req.) = 4,149 GBP
£500500 (bet) * 16.596 (opening price) * (1/0.01) (1/pip position) / 1.00% (margin req.) = 8,298 GBP
 Total Required Margin: 12,477 GBP

Futures

SymbolContract SizeBet (£)Margin Requirement
Corn, Soybean, Wheat10-7502%
  750-1,6004%
  1,600-2,50010%
  2,500-5,00016%
  5,000+20%
Cocoa10-1502%
Sugar1000-1502%
  150-3004%
  300-50010%
  500-1,00016%
  1,000+20%
Coffee100-6002%
  600-1,2004%
  1,200-1,80010%
  1,800-3,70016%
  3,700+20%
Cotton1000-802%
  80-1604%
  160-25010%
  250-50016%
  500+20%
Example 1

Consider an account with £10 Bet to Buy (or Sell) of Dow Jones Future at 21,994.

BetMargin
£102%2%21994 (Opening Price) * 2%(margin req.) * 10 (bet) * (1/1.00) (1/pip position) = 4,399.20 GBP
   Total Required Margin: 4,399.20 GBP
Example 2

Consider an account with £300 Bet to Buy (or Sell) of Dow Jones Future at 21,994.

BetMargin
£20021,994 (Opening Price) * 2% (margin req.) * 200 (bet) * (1/1.00) (1/pip position) = 87,976 GBP
£10021,994 (Opening Price) * 4% (margin req.) * 100 (bet) * (1/1.00) (1/pip position) = 87,976 GBP
 Total Required Margin: 175,952 GBP
Example 3

Consider an account with £800 Bet to Buy (or Sell) of Corn at 370.50.

BetMargin
£750370.5 (Opening Price) * 2%(margin req.) * 750 (bet) * (1/1.00) (1/pip position) = 5,557.5 GBP
£50370.5 (Opening Price) * 2%(margin req.) * 750 (bet) * (1/1.00) (1/pip position) = 741 GBP
 Total Required Margin: 6298.5 GBP
Example 4

Consider an account with £250 Bet to Buy (or Sell) of Sugar at 13.79.

BetMargin
£15013.79 (Opening Price) * 2%(margin req.) * 150 (bet) * (1/0.01) (1/pip position) = 4,137 GBP
£10013.79 (Opening Price) * 4%(margin req.) * 100 (bet) * (1/0.01) (1/pip position) = 5,516 GBP
 Total Required Margin: 9,653 GBP
Example 5

Consider an account with £650 Bet to Buy (or Sell) of Coffee at 142.85.

BetMargin
£500142.85 (Opening Price) * 2%(margin req.) * 500 (bet) * (1/0.10) (1/pip position) = 14,285 GBP
 Total Required Margin: 14,285 GBP
Example 6

Consider an account with £650 Bet to Buy (or Sell) of Cotton at 71.96.

BetMargin
£7071.96 (Opening Price) * 2%(margin req.) * 70 (bet) * 100 (contract size) = 10,074.4 GBP
 Total Required Margin: 10,074.4 GBP

Energy Futures/Spot

Bet (£)Margin Requirement
0-1251%
125-6252.5%
625+5%
Example 1

Consider a USD account with £125 to Buy (or Sell) US Light Sweet Crude Oil at 49.26.

BetMargin
£12549.26 (Opening Price) * 2%(margin req.) * 125 (Bet) * (1/0.01) (1/pip position) = 12,315 GBP
 Total Required Margin: 12,318.80 GBP
Example 2

Consider a USD account with £125 to Buy (or Sell) US Light Sweet Crude Oil at 49.07.

BetMargin
£12549.07 (Opening Price) * 1%(margin req.) * 125 (Bet) * (1/0.01) (1/pip position) = 6,133.75 GBP
 Total Required Margin: 6,133.75 GBP

Indices

Margin Requirement0.20%0.50%0.75%1%1.5%2%4%10%16%20% (for greater than)
US30, AUS200, Swiss20, UK100, USNDAQ100, Germany30, USSPX5002020-40802406008001,0002,800
Japan225, Finland25, Spain35, Holland25, Sweden30, Euro50, France40-202040802406008001,0002,800
France120, HongKong50, Polland20, UKMid250, Belgium20, Germany50, GerTech30, Canada60, India50, Italy40, SAfrica40, US2000--4040802406008001,0002,800
ChinaHShar---70702105257008752,450
ChinaA50, Greece25-----3505257008752,450
Example 1

Consider an account with £60 Bet to Buy (or Sell) US30 at 20,000.

BeMargin
Requirement
Applicable
Margin Req.
Margin
£200.2%0.2%20,000 (Opening Price) * 0.20%(margin req.) * 20 (bet) * (1/1.00) (1/pip position) = 800 GBP
£200.5%0.5%20,000 (Opening Price) * 0.50%(margin req.) * 20 (bet) * (1/1.00) (1/pip position) = 2,000 GBP
£201%1%20,000 (Opening Price) * 1.00%(margin req.) * 20 (bet) * (1/1.00) (1/pip position) = 4,000 GBP
Total Required Margin: 6,800 GBP




Example 2

Consider an account with £70 Bet to Buy (or Sell) France120 at 5,000.

BeMargin
Requirement
Applicable
Margin Req.
Margin
£400.75%2%5,000 (Opening Price) * 2.00%(margin req.) * 40 (bet) * (1/1.00) (1/pip position) = 4,000 GBP
£301%2%5,000 (Opening Price) * 2.00%(margin req.) * 30 (bet) * (1/1.00) (1/pip position) = 3,000 GBP
Total Margin Required = 7,000 GBP




Example 3

Consider an account with £ 100 Bet to Buy (or Sell) UK100 at 7,000.

BeMargin
Requirement
Applicable
Margin Req.
Margin
£200.2%1%7,000 (Opening Price) * 1.00%(margin req.) * 20 (bet) * (1/1.00) (1/pip position) = 1,400 GBP
£200.5%1%7,000 (Opening Price) * 1.00%(margin req.) * 20 (bet) * (1/1.00) (1/pip position) = 1,400 GBP
£401%1%7,000 (Opening Price) * 1.00%(margin req.) * 40 (bet) * (1/1.00) (1/pip position) = 2,800 GBP
£201.5%1.5%7,000 (Opening Price) * 1.50%(margin req.) * 20 (bet) * (1/1.00) (1/pip position) = 1,400 GBP
Total Required Margin: 7,700 GBP




Shares

Please note, that margin requirements for shares may be increased 5 business days prior to an upcoming company earnings report, corporate or other action. For more information, please click here.

Margin Requirement4%8%15%60%
French Shares< £175< £800< £7,500£7,500+
German Shares< £165< £800< £4,000£4,000+
UK Shares< £20< £85< £400£400+
US Shares *< £150< £750< 3,800£3,800+
Example 1

Consider a trade worth £170 bet to buy or sell Air France shares (French Shares) at 12.75.

BetMargin RequirementMargin
£1704%12.75 (Opening Price) * 4.0% (margin req.) * 170 (bet) * (1/0.01) (1/pip position) = 8,670 GBP
Total Required Margin: 8,670 GBP
Example 2

Consider an account with £850 Bet to Buy (or Sell) Adidas Shares (German Shares) at 199.23.

BetMargin RequirementMargin
£1754%199.23 (Opening Price) * 4.0%(margin req.) * 175 (bet) * (1/0.01) (1/pip position) = 139,461 GBP
£6258%199.23 (Opening Price) * 8.0%(margin req.) * 625 (bet) * (1/0.01) (1/pip position) = 996,150 GBP
£5015%199.23 (Opening Price) * 15.0%(margin req.) * 50 (bet) * (1/0.01) (1/pip position) = 149,422.50 GBP
  Total Required Margin: 1,285,032.5 GBP
Example 3

Consider an account with £850 Bet to Buy (or Sell) Tesco Shares (UK Shares) at 1.796.

BetMargin RequirementMargin
£204%1.796 (Opening Price) * 4.0% (margin req.) * 20 (bet) * (1/0.01) (1/pip position) = 143.68 GBP
2£658.0%1.796 (Opening Price) * 8.0% (margin req.) * 65 (bet) * (1/0.01) (1/pip position) = 933.92 GBP
£31515%1.796 (Opening Price) * 15.0% (margin req.) * 315 (bet) * (1/0.01) (1/pip position) = 8,486.1 GBP
£5060%1.796 (Opening Price) * 60.0% (margin req.) * 50 (bet) * (1/0.01) (1/pip position) = 5,388 GBP
  Total Required Margin: 14,951.70 GBP
Example 4

Consider an account with £700 Bet to Buy (or Sell) Apple Shares (US Shares) at 161.52.

BetMargin RequirementMargin
£1504%161.52 (Opening Price) * 4.0% (margin req.) * 150 (bet) * (1/0.01) (1/pip position) = 96,912 GBP
£5508%161.52 (Opening Price) * 8.0% (margin req.) * 550 (bet) * (1/0.01) (1/pip position) = 710,688 GBP
  Total Required Margin: 807,600 GBP
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