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Spot Forex

Nadex lists a broad range of Bull Spread contracts and Binary Options based on the value of major spot forex rates.

The following forex pairs are listed on Nadex (in each case the underlying market is the relevant spot rate):

Nadex Market Underlying Market
AUD/USD Spot AUD/USD rate
EUR/USD Spot EUR/USD rate
EUR/JPY Spot EUR/JPY rate
GBP/JPY Spot GBP/JPY rate
GBP/USD Spot GBP/USD rate
USD/CAD Spot USD/CAD rate
USD/CHF Spot USD/CHF rate
USD/JPY Spot USD/JPY rate

Binary Options

For each market, Nadex lists a variety of expiry times:

  • Intraday/hourly
  • Daily
  • Weekly

Within each expiry time, a range of different strike prices are available (set according to the level of the underlying market from day to day).

For general information on how to trade Binary Options, please see Binary Options. For specific details on all the Forex Binary Options available on Nadex, please see the Contract Specs tab on this page.

Bull Spread contracts

For each market above, Nadex lists:

  • 1 daily expiry Bull Spread (a single contract with a wide Floor/Ceiling range)
  • 3 five-hour/eight-hour expiry Bull Spreads (each consisting of 3 overlapping moderate Floor/Ceiling range contracts)
  • 20 two-hour expiry Bull Spreads (each consisting of 3 overlapping narrow Floor/Ceiling range contracts)

Bull Spreads expire at various times throughout the trading day, with the latest expiry time being the end of the trading day for the specified market. The Floor/Ceiling ranges will be set according to market conditions at the time the contracts are listed.

For more information on how to trade Bull Spread contracts, please see the Bull Spreads section. For specific details on all the Forex Bull Spread contracts available on Nadex, please click the Contract Specs tab on this page.

Spot Forex: Contract Specs

Please ensure you understand how our products work before entering into any transaction.

The following details are common to both Bull Spread contracts and Binary Options. Click here to view the futures symbol rollover schedule for all products.

  • All times are given in ET
  • Trading hours are subject to holidays
  • There are no speculative position limits for any forex instruments on Nadex*

Binary Options

Binary Options are listed as follows. For all Binary Options, the Tick Size is 1 and the Tick Value is $1. The Minimum Increment is 0.25.

Market and Duration Expiration Strike Width No. Contracts Trading Hours
AUD/USD
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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm
EUR/JPY
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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm
EUR/USD
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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm
GBP/JPY
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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm
GBP/USD
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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm
USD/CAD
Intraday** Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm 0.0050 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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm
USD/CHF
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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm
USD/JPY
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-Thur, 6pm-5pm; Thur-Fri, 6pm-3pm

Bull Spreads

Bull Spread contracts are listed according to the following table. For all Forex Bull Spread Contracts, the Tick Size is 1 pip and the Tick Value is $1. The minimum increment on each contract is 1 pip.

Market and Duration Expiration Range No. Contracts Trading Hours
AUD/USD
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
EUR/JPY
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
EUR/USD
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
GBP/JPY
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
GBP/USD
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
USD/CAD
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
USD/CHF
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
USD/JPY
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

* Speculative position limits define the maximum aggregate position that any individual can hold or control in any particular class of contract. For more information, please refer to Rule 5.20 and the specific product rules in the Nadex Rules.

**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. Please note this is a PDF file.

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© 2009-2014 Nadex, Inc | Binary Trading

Nadex is subject to U.S. regulatory oversight by the CFTC.

The maximum risk for any trade is fixed and required in advance so you cannot be called upon for further funds. But please remember these are volatile instruments and there is a high risk of losing your initial investment on each individual transaction.