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Broker Contract Specifications

A neutral, dated reference for the contract specs that drive every calculation on this site — contract size, value per point or pip, minimum lot, leverage and regulation — for a set of major non-US brokers. No rankings, no “best broker”, no affiliate links.

How to read this. Structural facts (contract size, value per point, minimum lot, regulator, restricted countries) are taken from each broker’s own contract-spec documents and stamped with the date captured. Spread and swap are dynamic — spreads shown are indicative only, never live. Anything we could not verify is marked “Not disclosed.” Index per-point values follow each broker’s cash-CFD contract (a point is a full 1.0 index move). Specs change — always confirm against your own account before trading. Data licensed under CC BY 4.0 — reuse freely with attribution and a link to pipgauge.com.
How to cite this data. Suggested citation: PipGauge, Broker Contract Specifications, https://pipgauge.com/broker-specs/, last reviewed 2026-06-29. This dataset is reviewed quarterly; specs can change, so cite the page URL and review date together.

Brokers in this reference

BrokerRegulated entitiesAccepts US clientsNotable restrictionsRetail loss warningSpecs capturedSource
ExnessLast reviewed: 2026-06-29FSA Seychelles SD025; CySEC 178/12; FCA 730729; FSCA 51024 (S. Africa); CBCS (Curaçao)NoUS (+ sanctioned states)81.4% lose moneyExness Kenya Online Forex/CFDs warning; captured 2026-06-30; source2026-06-29official specs
XMLast reviewed: 2026-06-29FSC Belize 000261/309; CySEC 120/10; ASIC 443670; DFSA (Dubai)NoUS74.3% lose moneyXM CFD provider warning; captured 2026-06-30; source2026-06-29official specs
PepperstoneLast reviewed: 2026-06-29FCA (UK); ASIC 414530; CySEC; SCB SIA-F217 (Bahamas); CMA (Kenya); DFSA (Dubai)NoUS80% lose moneyPepperstone CFD provider warning; captured 2026-06-30; source2026-06-29official specs
IC MarketsLast reviewed: 2026-06-29ASIC 335692; CySEC 362/18; FSA Seychelles SD018; SCB SIA-F214 (Bahamas)NoUS73.68% lose moneyIC Markets Raw Spread Account warning; captured 2026-06-30; source2026-06-29official specs
VantageLast reviewed: 2026-06-29ASIC 428901; FCA OC376560; CIMA (Cayman); FSCA 51268; VFSC (Vanuatu)NoUS, Canada, Singapore (+ sanctioned states)72.9% lose moneyVantage UK / Vantage Global Prime LLP warning; captured 2026-06-30; source2026-06-29official specs

All 5 brokers below are not available to US persons. Regulated entities determine the leverage and protections you actually get. Retail-loss percentages are official broker warnings for the linked entity or page and can change; they are not rankings.

Gold (XAUUSD)

BrokerSymbolContract sizeValue per point / pip (per lot)Min lotSpread (indicative)Swap published
ExnessXAUUSD100 oz$1 / 0.01 ($100 per $1 move)0.01Not disclosedYes
XMGOLD100 oz$1 / 0.01 ($100 per $1 move)0.01Not disclosedYes
PepperstoneXAUUSD100 oz$1 / 0.01 ($100 per $1 move)0.01~0.5–1.1 (indicative)Yes
IC MarketsXAUUSD100 oz$1 / 0.01 ($100 per $1 move)0.01Not disclosedYes
VantageXAUUSD100 oz$1 / 0.01 ($100 per $1 move)0.01~0.18 (indicative)Yes

Structural (dated, from broker docs): contract size, value per point/pip, min lot. Dynamic: spread is indicative only — check live. Leverage varies by your regulated entity (see the methodology and your account).

US30 (Dow Jones)

BrokerSymbolContract sizeValue per point / pip (per lot)Min lotSpread (indicative)Swap published
ExnessUS301$1 / point (US30_x10 = $10)0.01Not disclosedYes
XMUS30Cash1$1 / point0.1Not disclosedYes
PepperstoneUS301$1 / point0.1~1.6–2.4 pt (indicative)Yes
IC Markets.US301$1 / point0.1~1–4 pt (indicative)Yes
VantageDJ301$1 / point0.1~1.0 pt (indicative)Yes

Structural (dated, from broker docs): contract size, value per point/pip, min lot. Dynamic: spread is indicative only — check live. Leverage varies by your regulated entity (see the methodology and your account).

NAS100 (Nasdaq 100)

BrokerSymbolContract sizeValue per point / pip (per lot)Min lotSpread (indicative)Swap published
ExnessUSTEC1$1 / point (USTEC_x100 = $100)0.01Not disclosedYes
XMUS100Cash1$1 / point0.1Not disclosedYes
PepperstoneNAS1001$1 / point0.1~1.0 pt (indicative)Yes
IC Markets.USTEC1$1 / point0.1~2–4 pt (indicative)Yes
VantageNAS1001$1 / point0.1Not disclosedYes

Structural (dated, from broker docs): contract size, value per point/pip, min lot. Dynamic: spread is indicative only — check live. Leverage varies by your regulated entity (see the methodology and your account).

Bitcoin (BTCUSD)

BrokerSymbolContract sizeValue per point / pip (per lot)Min lotSpread (indicative)Swap published
ExnessBTCUSD1 BTC$1 / $1 move0.01Not disclosedYes
XMBTCUSD1 BTC$1 / $1 move0.01Not disclosedYes
PepperstoneBTCUSD1 BTC$1 / $1 move0.01~$10 (indicative)Yes
IC MarketsBTCUSD1 BTC$1 / $1 moveNot disclosedNot disclosedYes
VantageBTCUSD1 BTC$1 / $1 moveNot disclosed~$17 (indicative)Yes

Structural (dated, from broker docs): contract size, value per point/pip, min lot. Dynamic: spread is indicative only — check live. Leverage varies by your regulated entity (see the methodology and your account).

EUR/USD

BrokerSymbolContract sizeValue per point / pip (per lot)Min lotSpread (indicative)Swap published
ExnessEURUSD100,000$10 / pip0.01Not disclosedYes
XMEURUSD100,000$10 / pip0.01Not disclosedYes
PepperstoneEURUSD100,000$10 / pip0.01~0.0–1.1 pips (indicative)Yes
IC MarketsEURUSD100,000$10 / pip0.01Not disclosedYes
VantageEURUSD100,000$10 / pip0.01~1.2 pips (indicative)Yes

Structural (dated, from broker docs): contract size, value per point/pip, min lot. Dynamic: spread is indicative only — check live. Leverage varies by your regulated entity (see the methodology and your account).

GBP/JPY

BrokerSymbolContract sizeValue per point / pip (per lot)Min lotSpread (indicative)Swap published
ExnessGBPJPY100,000¥1,000 / pip (≈$6–7)0.01Not disclosedYes
XMGBPJPY100,000¥1,000 / pip (≈$6–7)0.01Not disclosedYes
PepperstoneGBPJPY100,000¥1,000 / pip (≈$6–7)0.01~0.4–1.2 pips (indicative)Yes
IC MarketsGBPJPY100,000¥1,000 / pip (≈$6–7)0.01Not disclosedYes
VantageGBPJPY100,000¥1,000 / pip (≈$6–7)0.01~2.5 pips (indicative)Yes

Structural (dated, from broker docs): contract size, value per point/pip, min lot. Dynamic: spread is indicative only — check live. Leverage varies by your regulated entity (see the methodology and your account).

Leverage & regulation

Maximum leverage is not a single number — it depends on which regulated entity you open with. Retail caps under tier-1 regulators (FCA, ASIC, CySEC) are typically 1:30 on major forex, 1:20 on gold and major indices, and as low as 1:2 on crypto. Offshore entities (e.g. Seychelles FSA, Bahamas SCB, Vanuatu VFSC) advertise far higher caps — up to 1:1000 or more — with correspondingly higher risk. Per-broker, per-entity caps are summarised per instrument above where disclosed.

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