CFD FX
Symbol |
iby Spread |
IM Factor (Margin Req) |
iby Trading Hours |
Minimum Size |
1 Point |
Example Price |
Lot Size of Underlying Market |
Guaranteed Stops (charge / min. distance) |
Last Update |
AUD/CAD | 10 | 1% | 24-hour | 10000 | .0001 | 0.9089 | AUD100,000 |
| 12/8/2008 8:41:09 AM |
AUD/CHF | 8 | 1% | 24-hour | 10000 | .0001 | 0.9516 | AUD100,000 |
| 7/11/2007 2:47:11 AM |
AUD/HKD | 25 | 1% | 24-hour | 10000 | .0001 | 4.9803 | AUD100,000 |
| 12/8/2008 8:41:51 AM |
AUD/JPY | As low as 3 (maximum 5) | 1% | 24-hour | 10000 | .01 | 59.81 | AUD100,000 | 4 / 50 | 12/8/2008 8:42:12 AM |
AUD/NZD | 4 to 25 | 1% | 24-hour | 10000 | .0001 | 1.2142 | AUD100,000 | 6 / 50 | 12/8/2008 6:49:33 AM |
AUD/SGD | 10 | 1% | 24-hour | 10000 | .0001 | 0.9839 | AUD100,000 |
| 12/8/2008 8:43:03 AM |
AUD/USD | 2 to 4 | 1% | 24-hour | 10000 | .0001 | 0.6418 | AUD100,000 | 3 / 40 | 12/8/2008 8:43:31 AM |
CAD/CHF | 6 to 8 from 8am to 4pm ET. 8 All other times | 1% | 24-hour | 10000 | .0001 | 0.9696 | CAD100,000 |
| 12/8/2008 8:43:57 AM |
CAD/JPY | 3 to 7 | 1% | 24-hour | 10000 | .01 | 74.02 | CAD100,000 | 5 / 50 | 12/8/2008 8:44:40 AM |
CHF/JPY | 2 to 5 | 1% | 24-hour | 10000 | .01 | 76.24 | CHF100,000 | 5 / 100 | 12/8/2008 8:45:36 AM |
CHF/NOK | 50 | 1% | 24-hour | 10000 | .0001 | 4.9935 | CHF100,000 |
| 7/11/2007 2:48:27 AM |
CHF/SEK | 50 | 1% | 24-hour | 10000 | .0001 | 5.4921 | CHF100,000 |
| 12/8/2008 8:46:11 AM |
EUR/AUD | As low as 4 (maximum 10) | 1% | 24-hour | 10000 | .0001 | 5.0288 | EUR100,000 | 8 / 75 | 5/4/2008 8:10:07 PM |
EUR/CAD | As low as 4 (maximum 8) | 1% | 24-hour | 10000 | .0001 | 1.4042 | EUR100,000 | 8 / 50 | 5/4/2008 8:10:23 PM |
EUR/CHF | As low as 1 (maximum 4) | 1% | 24-hour | 10000 | .0001 | 1.5708 | EUR100,000 | 3 / 65 | 5/4/2008 8:10:37 PM |
EUR/CZK | 50 | 1% | 24-hour | 10000 | .001 | 28.031 | EUR100,000 |
| 7/11/2007 2:53:34 AM |
EUR/GBP | As low as 1 (maximum 3) | 1% | 24-hour | 10000 | .0001 | 0.6844 | EUR100,000 | 3 / 30 | 5/4/2008 8:10:51 PM |
EUR/HKD | 25 | 1% | 24-hour | 10000 | .0001 | 9.9256 | EUR100,000 |
| 7/11/2007 2:53:57 AM |
EUR/HUF | 100 from 12pm to 3am ET. All other times 40. | 1% | 24-hour | 10000 | .01 | 260.7 | EUR100,000 |
| 7/11/2007 2:54:05 AM |
EUR/JPY | As low as 2 (maximum 4) | 1% | 24-hour | 10000 | .01 | 144.46 | EUR100,000 | 3 / 75 | 5/4/2008 8:11:09 PM |
EUR/NOK | 50 from 12pm to 3am ET. All other times 40. | 1% | 24-hour | 10000 | .0001 | 7.7987 | EUR100,000 |
| 7/11/2007 2:54:29 AM |
EUR/NZD | 12 to 25 | 1% | 24-hour | 10000 | .0001 | 2.3772 | EUR100,000 | 12 / 75 | 12/8/2008 6:50:27 AM |
EUR/PLN | 100 to 200 from 12pm to 3am ET. All other times 30 to 35. | 1% | 24-hour | 10000 | .0001 | 3.8456 | EUR100,000 |
| 10/11/2007 2:31:35 AM |
EUR/SEK | 50 to 100 from 12pm to 3am ET. All other times 50. | 1% | 24-hour | 10000 | .0001 | 9.3441 | EUR100,000 |
| 10/11/2007 2:33:09 AM |
EUR/USD | As low as 1 (maximum 3) | 1% | 24-hour | 10000 | .0001 | 1.2246 | EUR100,000 | 3 / 50 | 5/4/2008 8:11:20 PM |
EUR/ZAR | 250 to 500 from 12pm to 3am ET. All other times 100. | 1% | 24-hour | 10000 | .0001 | 7.7197 | EUR100,000 |
| 10/11/2007 2:34:10 AM |
GBP/AUD | As low as 6 (maximum 15) | 1% | 24-hour | 10000 | .0001 | 2.4131 | GBP100,000 | 12 / 100 | 5/4/2008 8:11:33 PM |
GBP/CAD | 12 to 15 from 8am to 4pm ET. 15 All other times | 1% | 24-hour | 10000 | .0001 | 2.0526 | GBP100,000 | 10 / 85 | 7/11/2007 4:27:12 AM |
GBP/CHF | As low as 4 (maximum 8) | 1% | 24-hour | 10000 | .0001 | 2.2762 | GBP100,000 | 5 / 100 | 5/4/2008 8:11:49 PM |
GBP/HUF | 200 from 12pm to 3am ET. All other times 60. | 1% | 24-hour | 10000 | .01 | 380.94 | GBP100,000 |
| 6/20/2007 3:21:31 PM |
GBP/JPY | As low as 4 (maximum 8) | 1% | 24-hour | 10000 | .01 | 207.11 | GBP100,000 | 5 / 100 | 5/4/2008 8:12:02 PM |
GBP/NOK | 200 from 12pm to 3am ET. All other times 80. | 1% | 24-hour | 10000 | .0001 | 11.2977 | GBP100,000 |
| 10/11/2007 2:36:01 AM |
GBP/NZD | 12 to 25 | 1% | 24-hour | 10000 | .0001 | 2.7742 | GBP100,000 | 20 / 100 | 12/8/2008 6:51:12 AM |
GBP/PLN | 200 from 12pm to 3am ET. All other times 80. | 1% | 24-hour | 10000 | .0001 | 5.6175 | GBP100,000 |
| 6/20/2007 3:43:08 PM |
GBP/SEK | 200 from 12pm to 3am ET. All other times 100. | 1% | 24-hour | 10000 | .0001 | 13.4584 | GBP100,000 |
| 7/11/2007 4:27:57 AM |
GBP/SGD | 20 | 1% | 24-hour | 10000 | .0001 | 2.9224 | GBP100,000 |
| 7/11/2007 4:26:59 AM |
GBP/USD | As low as 2 (maximum 4) | 1% | 24-hour | 10000 | .0001 | 1.8656 | GBP100,000 | 3 / 75 | 5/4/2008 8:12:15 PM |
GBP/ZAR | 300 to 500 | 0.01 | 24-Hour | 10000 | 0.0001 | 13.9676 | GBP 100,000 |
| 7/8/2008 8:34:20 PM |
HKD/JPY | 300 | 1% | 24-hour | 10000 | .0001 | 15.0228 | HKD100,000 |
| 7/11/2007 4:29:04 AM |
NOK/SEK | 10 from 12pm to 3am ET. All other times 40 to 50. | 1% | 24-hour | 10000 | .0001 | 1.1929 | NOK100,000 |
| 10/11/2007 2:37:36 AM |
NZD/CAD | 10 | 1% | 24-hour | 10000 | .0001 | 0.7106 | NZD100,000 |
| 7/11/2007 4:29:31 AM |
NZD/CHF | 10 | 1% | 24-hour | 10000 | .0001 | 0.7672 | NZD100,000 |
| 7/11/2007 4:29:38 AM |
NZD/JPY | As low as 3 (maximum 7) | 1% | 24-hour | 10000 | .01 | 69.86 | NZD10,000 |
| 5/4/2008 8:12:25 PM |
NZD/SEK | 80 to 100 from 12pm to 3am ET. All other times 50 to 100. | 1% | 24-hour | 10000 | .0001 | 4.7372 | NZD10,000 |
| 10/11/2007 2:57:10 AM |
NZD/SGD | 10 | 1% | 24-hour | 10000 | .0001 | 1.0031 | NZD100,000 |
| 9/5/2006 10:03:23 AM |
NZD/USD | 3 to 5 | 1% | 24 hour | 10000 | 0.0001 | 0.5333 | NZD10,000 | 3 / 30 | 12/8/2008 6:52:05 AM |
SGD/JPY | 10 | 1% | 24-hour | 10000 | .01 | 72.35 | NZD100,000 |
| 7/11/2007 4:34:51 AM |
USD/CAD | As low as 2 (maximum 5) | 1% | 24-hour | 10000 | .0001 | 1.1003 | USD100,000 | 3 / 40 | 5/4/2008 8:12:52 PM |
USD/CHF | As low as 2 (maximum 4) | 1% | 24-hour | 10000 | .0001 | 1.2201 | USD100,000 | 3 / 50 | 5/4/2008 8:13:05 PM |
USD/CZK | 30 | 1% | 24-hour | 10000 | .001 | 20.285 | USD100,000 |
| 12/8/2008 6:52:42 AM |
USD/DKK | 30 from 12pm to 3am ET. All other times 15 | 1% | 24-Hour | 10000 | 0.0001 | 6.1309 | USD 100,000 |
| 7/11/2007 4:35:26 AM |
USD/HKD | 25 | 1% | 24-hour | 10000 | .0001 | 7.7756 | USD100,000 |
| 7/11/2007 4:35:37 AM |
USD/HUF | 30 from 12pm to 3am ET. All other times 50. | 1% | 24-hour | 10000 | .01 | 215.45 | USD100,000 |
| 7/11/2007 4:35:47 AM |
USD/JPY | As low as 1 (maximum 3) | 1% | 24-hour | 10000 | .01 | 118.86 | USD100,000 | 3 / 50 | 5/4/2008 8:13:16 PM |
USD/MXN | 60 to 150 from 12pm to 8am ET. All other times 250. | 1% | 24-hour | 10000 | .0001 | 11.0139 | USD100,000 |
| 7/11/2007 4:36:05 AM |
USD/PLN | 100 to 200 from 12pm to 3am ET. All other times 30/35 | 1% | 24-Hour | 10000 | 0.0001 | 2.8244 | USD 100,000 |
| 7/11/2007 4:36:13 AM |
USD/SEK | 50 | 1% | 24-hour | 10000 | .0001 | 7.3339 | USD100,000 |
| 7/11/2007 4:36:21 AM |
USD/SGD | 7 | 1% | 24-hour | 10000 | .0001 | 1.5688 | USD100,000 |
| 7/11/2007 4:36:30 AM |
USD/ZAR | 250 to 500 from 12pm to 3am ET. All other times 100. | 1% | 24-Hour | 10000 | 0.0001 | 7.052 | USD 100,000 |
| 10/11/2007 2:59:43 AM |
ZAR/JPY | 600 | 1% | 24-hour | 10000 | .0001 | 15.7619 | ZAR100,000 |
| 7/11/2007 4:36:47 AM |
| Our FX CFDs are a special form of CFD which give you exposure to underlying exchange rates BUT they are cash-settled, so they cannot result in delivery of the underlying currency. |
All of International Bank of Yemen' FX markets are based on the spot FX markets. For more details on how these markets work, please see Examples.
Our currency markets are traded 24 hours. Any trades not closed out by approximately 22:00 UK time will be subject to a finance adjustment (credit or debit).
|
Finance adjustments are made to trades held overnight (i.e. after 22:00
UK time) on rolling markets. For trades on currencies, this is
calculated as follows: f = (s x p x r) / d where f = daily financing charge s = the number of CFDs you hold in the 2nd currency p = roll-over price (the International Bank of Yemen mid-price at 22:00 UK time that day) r = differential of relevant overnight LIBOR rate of 1st named currency and that of 2nd named currency. d = number of days, i.e. where the 2nd named currency is GBP or AUD we use 360 days. Otherwise we use 365 days. If the first currency has a higher interest rate, then you are credited interest for running a long position and debited interest for running a short position. If the first currency has a lower interest rate, then you are debited interest for running a long position and credited interest for running a short position. |
| A quick way to work out potential profit is to think of the value of one "pip", i.e. for GBP/USD, for 100,000 CFDs each pip has a value of $10) |
Interest Rates used for Overnight Finance Adjustments
Finance adjustments apply to open positions at 17:00 New York time
| Currency | Rate Used |
|
AUD
CAD CHF CZK DKK EUR GBP HKD HUF JPY MXN NOK NZD PLN SEK SGD SKK USD ZAR |
BBA LIBOR Spot Next
BBA LIBOR Overnight BBA LIBOR Spot Next PRIBOR Overnight BBA LIBOR Spot Next BBA LIBOR Overnight BBA LIBOR Overnight HIBOR Overnight BUBOR Overnight BBA LIBOR Overnight Mexican Overnight T-Bill rate NIBOR One Week BBA LIBOR Spot Next Rate Warsaw Interbank Offer Rate Overnight Stockholm Interbank Offered Rate Tom/Next Association of Banks in Singapore SIBOR 1 Month Slovak Refinancing Overnight rate BBA LIBOR Overnight Johannesburg Interbank Agreed Rate 1 month |
BBA = British Bankers' Association
LIBOR = London Interbank Offered Rate
NIBOR = Norway Interbank Offered Rate
SIBOR = Singapore Interbank Borrowing Rate
PRIBOR = Prague Interbank Offered Rate
HIBOR = Hong Kong Interbank Offered Rate
Minimum / Maximum Trade Sizes
Maximum trading sizes vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by International Bank of Yemen as "out of hours", i.e. outside of regular trading hours.
The market information sheets indicate the usual minimum and maximum trading sizes in GBP; currency equivalents apply for non-GBP accounts, or when trading on markets denominated in a currency other than GBP.
Restrictions may be applied to maximum trade sizes whether opening or closing.
The minimum number of CFDs (or "trade size") for markets with International Bank of Yemen is 100 for individual equities, and 1 CFD for all other markets. The lot size of the corresponding underlying market is provided for your information, as a guide to minimum market trading size.
| When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share, you are trading in US dollars per one cent movement. |
Trading Hours
Times shown are International Bank of Yemen' usual times for trading a market; these may vary e.g. on market holidays and where daylight saving applies.
Unless indicated otherwise, times shown are London time.
Our normal dealing hours are from 22:00 Sunday to 22:00 on Friday.
Spreads
The spreads shown may vary according to underlying market liquidity, or in "fast markets".