Contract Specs
Please ensure you understand the relevant contract specs before trading. All times are EST and trading hours are subject to holidays. For definitions of the terms used in these specs, please refer to our Glossary.
Our Forex contracts are based on the value of the following major spot forex rates:
| Nadex product | Underlying market |
| EUR/USD |
Spot EUR/USD rate |
| GBP/USD |
Spot GBP/USD rate |
| USD/JPY |
Spot USD/JPY rate |
| AUD/USD |
Spot AUD/USD rate |
| USD/CAD |
Spot USD/CAD rate |
| GBP/JPY |
Spot GBP/JPY rate |
| USD/CHF |
Spot USD/CHF rate |
| EUR/JPY |
Spot EUR/JPY rate |
- Tick size is 1
- Tick value is $1
- Minimum increment is 0.25
| EUR/USD | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.0050 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.0020 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.0050 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
| GBP/USD | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.0050 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.0020 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.0050 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
| USD/JPY | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.30 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.20 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.50 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
| AUD/USD | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.0040 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.0200 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.0050 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
| USD/CAD | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.0050 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.0020 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.0050 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
| GBP/JPY | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.50 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.20 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.50 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
| USD/CHF | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.0040 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.0020 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.0050 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
| EUR/JPY | Duration | Expiration | Strike width | No. of contracts | Trading hours |
|---|---|---|---|---|---|
| Intraday | Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm | 0.40 | 3 | For 2 hours preceding expiration | |
| Daily | Mon-Fri: 3pm | 0.20 | 21 | Mon, 3am-3pm; Mon-Fri, 6pm-3pm | |
| Weekly | Fri: 3pm | 0.50 | 14 | Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 12,500
- Tick size is 1
- Tick value is $1
- Minimum increment is 1 pip
| EUR/USD | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
0.0100 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
0.0250 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
0.0600 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 2,083
| GBP/USD | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
0.0150 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
0.0300 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
0.0800 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 1,562
| USD/JPY | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
1.00 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
1.50 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
4.00 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 3,125
| AUD/USD | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
0.0100 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
0.0200 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
0.0500 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 2,500
| USD/CAD | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
0.0100 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
0.0200 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
0.0500 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 2,500
| GBP/JPY | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
1.00 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
2.50 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
6.00 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 2,083
| USD/CHF | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
0.0100 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
0.0200 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
0.0500 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 2,500
| EUR/JPY | Duration | Expiration | Range |
No. of contracts | Trading hours |
|---|---|---|---|---|---|
| 2-hour |
Sun-Fri: 8pm, 9pm, 10pm, 11pm, 12am, 1am, 2am, 3am, 4am, 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm |
1.00 |
3 | For 2 hours preceding expiration | |
| 5-hour/8-hour |
5-hour: Sun-Thur, 11pm; 8-hour: Mon-Fri: 7am, 3pm |
2.00 |
3 |
For 5 or 8 hours preceding expiration, depending on the contract |
|
| Daily |
Mon-Fri, 3pm |
5.00 |
1 | Sun-Fri, 6pm-3pm |
Position Limit: None Reportable Level: 2,500
Pursuant to Nadex Rule 12.1(e), in instances where a duplicate strike width would be generated under the applicable product rule, the strike width for that contract will be adjusted by the pre-determined levels described in this table (PDF, 121KB).
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