Forex Contract Specifications

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
EUR/GBP Spot EUR/GBP rate
AUD/JPY Spot AUD/JPY rate

Binary Options: Spot Forex

Tick size Tick value Minimum increment
1 $1 0.25

EUR/USD

Duration Expiration Strike width No. of contracts Trading hours
Intraday:
5-minute
Sun-Thu: Every 5 minutes from
6:05pm to 4:55pm
Fri: Every 5
minutes from 6:05pm to 3:55pm;
no expiration at top of hour (xx:00) on any day
0.0003 5 For 5 minutes preceding expiration
Intraday:
2-hour
Hourly, Sun 8pm-Fri 4pm; no 6pm or 7pm expiration Mon-Thu 0.0004 19 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.0020 21 Sun-Mon, 6pm-3am, Mon-Fri, 4am-3am
Daily Mon-Fri: 7am 0.0020 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.0020 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.0020 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.0020 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.0020 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.0050 14 Sun 6pm-Fri 3pm

Position Limit: None Reportable Level: 12,500


GBP/USD

Duration Expiration Strike width No. of contracts Trading hours
Intraday:
5-minute
Sun-Thu: Every 5 minutes from
6:05pm to 4:55pm
Fri: Every 5
minutes from 6:05pm to 3:55pm;
no expiration at top of hour (xx:00) on any day
0.0003 5 For 5 minutes preceding expiration
Intraday:
2-hour
Hourly, Sun 8pm-Fri 4pm; no 6pm or 7pm expiration Mon-Thu 0.0010 9 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.0020 21 Sun-Mon, 6pm-3am, Mon-Fri, 4am-3am
Daily Mon-Fri: 7am 0.0020 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.0020 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.0020 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.0020 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.0020 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.0050 14 Sun 6pm-Fri 3pm

Position Limit: None Reportable Level: 12,500


USD/JPY

Duration Expiration Strike width No. of contracts Trading hours
Intraday:
5-minute
Sun-Thu: Every 5 minutes from
6:05pm to 4:55pm
Fri: Every 5
minutes from 6:05pm to 3:55pm;
no expiration at top of hour (xx:00) on any day
0.03 5 For 5 minutes preceding expiration
Intraday:
2-hour
Hourly, Sun 8pm-Fri 4pm; no 6pm or 7pm expiration Mon-Thu 0.04 19 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.20 21 Sun-Fri, 6pm-3am, Mon-Fri, 4am-3am
Daily Mon-Fri: 7am 0.20 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.20 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.20 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.20 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.20 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.50 14 Sun 6pm-Fri 3pm

Position Limit: None Reportable Level: 12,500


AUD/USD

Duration Expiration Strike width No. of contracts Trading hours
Intraday:
5-minute
Sun-Thu: Every 5 minutes from
6:05pm to 4:55pm
Fri: Every 5
minutes from 6:05pm to 3:55pm;
no expiration at top of hour (xx:00) on any day
0.0003 5 For 5 minutes preceding expiration
Intraday:
2-hour
Hourly, Sun 8pm-Fri 4pm; no 6pm or 7pm expiration Mon-Thu 0.0005 19 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.0020 21 Sun-Fri, 6pm-3am, Mon-Fri 4am-3am
Daily Mon-Fri: 7am 0.0020 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.0020 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.0020 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.0020 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.0020 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.0050 14 Sun 6pm-Fri 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 0.0010 9 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.0020 21 Sun-Fri, 6pm-3am, Mon-Fri 4am-3am
Daily Mon-Fri: 7am 0.0020 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.0020 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.0020 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.0020 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.0020 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.0050 14 Sun 6pm-Fri 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 0.10 9 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.20 21 Sun-Fri, 6pm-3am, Mon-Fri 4am-3am
Daily Mon-Fri: 7am 0.20 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.20 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.20 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.20 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.20 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.50 14 Sun 6pm-Fri 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 0.0004 15 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.0020 21 Sun-Fri, 6pm-3am, Mon-Fri 4am-3am
Daily Mon-Fri: 7am 0.0020 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.0020 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.0020 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.0020 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.0020 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.0050 14 Sun 6pm-Fri 3pm

Position Limit: None Reportable Level: 12,500


EUR/JPY

Duration Expiration Strike width No. of contracts Trading hours
Intraday Hourly, Sun 8pm-Fri 4pm; no 6pm or 7pm expiration Mon-Thu 0.10 9 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.20 21 Sun-Fri, 6pm-3am, Mon-Fri 4am-3am
Daily Mon-Fri: 7am 0.20 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.20 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.20 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.20 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.20 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.50 14 Sun 6pm-Fri 3pm

Position Limit: None Reportable Level: 12,500


EUR/GBP

Duration Expiration Strike width No. of contracts Trading hours
Intraday Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm 0.0010 9 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.0020 21 Sun-Fri, 6pm-3am, Mon-Fri 4am-3am
Daily Mon-Fri: 7am 0.0020 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.0020 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.0020 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.0020 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.0020 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.0050 14 Sun 6pm-Fri 3pm

Position Limit: None Reportable Level: 12,500


AUD/JPY

Duration Expiration Strike width No. of contracts Trading hours
Intraday Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm 0.05 9 For 2 hours preceding expiration
Daily Mon-Fri: 3am 0.20 21 Sun-Fri, 6pm-3am, Mon-Fri 4am-3am
Daily Mon-Fri: 7am 0.20 21 Sun-Mon, 6pm-7am, Mon-Fri, 8am-7am
Daily Mon-Fri: 11am 0.20 21 Sun-Mon, 6pm-11am, Mon-Fri, 12pm-11am
Daily Mon-Fri: 3pm 0.20 21 Sun-Mon, 6pm-3pm, Mon-Fri, 4pm-3pm
Daily Mon-Thu: 7pm 0.20 21 Sun-Thu, 8pm-7pm
Daily Sun-Thu: 11pm 0.20 21 Sun, 6pm-11pm, Mon-Thu 12am-11pm
Weekly Fri: 3pm 0.50 14 Sun 6pm-Fri 3pm

Position Limit: None Reportable Level: 12,500


Nadex Spreads: Spot Forex

Tick size Tick value Minimum increment
1 $1 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 0.0250 3 Sun-Fri, 6pm-3pm
Daily Mon-Fri, 3pm 0.0500 1 Sun-Fri, 6pm-3pm

Position Limit: None Reportable Level: 2,500


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 0.0250 3 Sun-Fri, 6pm-3pm
Daily Mon-Fri, 3pm 0.0500 1 Sun-Fri, 6pm-3pm

Position Limit: None Reportable Level: 2,500


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 2.50 3 Sun-Fri, 6pm-3pm
Daily Mon-Fri, 3pm 5.00 1 Sun-Fri, 6pm-3pm

Position Limit: None Reportable Level: 2,500


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 0.0250 3 Sun-Fri, 6pm-3pm
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 0.0250 3 Sun-Fri, 6pm-3pm
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 2.50 3 Sun-Fri, 6pm-3pm
Daily Mon-Fri, 3pm 5.00 1 Sun-Fri, 6pm-3pm

Position Limit: None Reportable Level: 2,500


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 0.0250 3 Sun-Fri, 6pm-3pm
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 2.50 3 Sun-Fri, 6pm-3pm
Daily Mon-Fri, 3pm 5.00 1 Sun-Fri, 6pm-3pm

Position Limit: None Reportable Level: 2,500

EUR/GBP

Duration Expiration Range No. of contracts Trading hours
Daily Mon-Fri, 3pm 0.0250 3 Sun-Fri, 6pm-3pm
Daily Mon-Fri, 3pm 0.0500 1 Sun-Fri, 6pm-3pm

Position Limit: None Reportable Level: 2,500

AUD/JPY

Duration Expiration Range No. of contracts Trading hours
Daily Mon-Fri, 3pm 2.50 3 Sun-Fri, 6pm-3pm
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.