Custom Bet Details

Forex

Stock Indices

Commodities

Settlement

Forex

All forex Custom Bets with us will settle against the midpoint of our price for the relevant market at the time of expiry, or the first tick after the stated expiry. OneTouch and NoTouch forex Custom Bets will be deemed to have breached the specified touch level set by you when our midpoint reaches that point.

Stock indices

All FTSE^® 100, Wall Street, US 500, Germany 30, France 40, Italy 40, Spain 35, Netherlands 25 and Sweden 30 Custom Bets will settle against the first new print recorded by Bloomberg (E&OE) on, or after, the time of expiry. OneTouch and NoTouch FTSE^® 100, Wall Street, US 500, Germany 30, France 40, Italy 40, Spain 35, Netherlands 25 and Sweden 30 Custom Bets will be deemed to have breached the specified Touch level set by you when the underlying market, as recorded by Bloomberg (E&OE), trades at, or through, the stated level.

Commodities

All US Light Crude Oil Custom Bets will settle against the midpoint of our price for the relevant market at or immediately after the time of expiry. OneTouch and NoTouch US Light Crude Oil Custom Bets will be deemed to have breached the specified touch level set by you when our midpoint reaches that point.

All Custom Bets that expire at an unchanged level, ie they expire at the exact strike level of the bet, will result in the client losing 50% of their stake.

Closing Bets

Due to the nature of 'Fast Money' Custom Bets (ie, the fact that the strike price moves constantly with the underlying market) we will be unable to value open positions or offer the opportunity to close existing positions. Therefore, 'Fast Money' positions will always be held to expiry.

For all non 'Fast Money' Custom Bets we will endeavour to offer closing prices during market hours up until 5 minutes before the expiry of each position. Clients should be aware that outside of trading hours they will not be able to close positions and these positions may not be valuing at correct levels.

Minimum stake on Custom Bets is £10
Maximum profit on Custom Bets is £10,000

Expiry Times

Fast Money Custom Bets

Fast Money Custom Bets will always expire on the same day as the bet is struck. The minimum expiry time is 2 minutes from the time of bet, and the maximum expiry time is 2 hours from the time of bet

Non 'Fast Money' Custom Bets

Non 'Fast Money' Custom Bets have expiries that range from 1-5 days. For non 'Fast Money' Custom Bets that expire on the day the bet is placed the range of expiry times will depend on our view regarding factors that may affect the volatility of the underlying market that day.

For example, if there are economic figures coming out that day you may only choose expiries times on the hour. If there are no significant economic figures coming out that day clients may choose expiry times ranging from 2 hours to the end of that trading day. For OneTouch and NoTouch Custom Bets, we will only offer expiries for the same trading day.

Operation of your Custom Bets account

Your Custom Bets account will sit alongside your spread betting account. Please note the following terms
and conditions:

• You will only be able to access your Custom Bets account via your spread betting account;
• You must fund your Custom Bets account via your spread betting account, and you may only withdraw funds from your Custom Bets account via your spread betting account;
• Your Custom Bets account and your spread betting account will be treated separately for margin purposes. This means that we will not take into account money that you have on your Custom Bets account when assessing whether you are liable for margin on your spread betting account, and vice versa.
• Information about your betting activity on your Custom Bets accounts is available by viewing the 'history' tab in your Custom Bets account. This Custom Bet information will generally not be available via your spread betting account.

Regulation

Custom Bets are a form of binary bet. You should note that binary bets are not subject to regulation by the Financial Services Authority. See more information on responsible gambling. In respect of binary bets, IG Index Ltd is licensed and regulated by the Gambling Commission. Reference number 2628.