FOREX OPTIONS
Over The Counter (OTC) options are available online on over 30 Forex crosses for fast, efficient trading. Online option prices are quoted from 1 week to 6 months — option dates outside this range, exotic options and multiple leg options are quoted on request.
FFI Trader
Forex options are traded through FFI Trader's online trading platform FFI Trader together with our other products. FFI Trader also offers a summary of your account and positions and a wealth of market information, tools and analysis to help you trade successfully trade.
Try trading options through a free 20-day trial of FFI Trader
Trading Spreads
| Forex Options | 1) Target Spread (PIPs) | Autoexecute | 2) Ticket Fee Threshold |
|---|---|---|---|
| AUDJPY | 12 | RFQ | 100,000 |
| AUDUSD | 9 | 5 mill | 100,000 |
| CHFJPY | 10 | RFQ | 100,000 |
| EURCAD | 14 | RFQ | 100,000 |
| EURCHF | 8 | 10 mill | 100,000 |
| EURCZK | 65 | RFQ | 100,000 |
| EURGBP | 8 | 10 mill | 100,000 |
| EURHUF | 90 | RFQ | 100,000 |
| EURJPY | 9 | 10 mill | 100,000 |
| EURNOK | 90 | RFQ | 100,000 |
| EURNZD | 25 | RFQ | 100,000 |
| EURPLN | 90 | RFQ | 100,000 |
| EURSEK | 90 | RFQ | 100,000 |
| EURUSD | 8 | 20 mill | 50,000 |
| GBPCHF | 14 | RFQ | 100,000 |
| GBPJPY | 12 | RFQ | 100,000 |
| GBPUSD | 9 | 5 mill | 50,000 |
| NZDUSD | 10 | RFQ | 100,000 |
| USDCAD | 9 | 5 mill | 100,000 |
| USDCHF | 9 | 15 mill | 50,000 |
| USDJPY | 8 | 10 mill | 50,000 |
| USDPLN | 90 | RFQ | 100,000 |
| USDSEK | 90 | RFQ | 100,000 |
| USDZAR | 350 | RFQ | 250,000 |
| XAUUSD* | 125 | RFQ | 100 |
| XAGUSD* | 500 | RFQ | 100 |
Trading Conditions
1) Target Bid/Ask spreads
The target bid / ask price spreads used in normal market conditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and autoexecution disabled.2) Ticket fees for low-value trades
For trades below the Ticket Fee Threshold, a small ticket fee of USD 10 is added to the trade to cover administration costs.
The margins for Margin Forex options are also subject to a volatility factor that may increase the margin requirements and this factor will be more prominent the longer the option expiry date.
(Note: Margin rates are higher over the weekends. Weekend margin rates apply from 16:00 on Friday to 17:00 on Sunday GMT and on non-banking days).Exercise procedure
Options that are 'in the money' are automatically exercised at 10.00 A.M. New York time (New York cut) on the day of expiry where they are converted to a spot position. This spot position is subject to the usual profit/loss if the spot price moves from the exercise price. If you already have an offsetting position at exercise, the exercised position will be netted out on the following day.
The commission and margin rates referred to above may vary from time to time especially for very active or inactive customers. FFI Trader reserves the right to amend the commission rates, brokerage fees, margin rates and interest rates referred to according to the terms of the trading agreement entered into between FFI Trader and the Client.
