Forex
Trade GBPNOK: British Pound / Norwegian Krone
Trade British Pound / Norwegian Krone CFDs long or short with leverage up to 1:2000 from 0.01 lots, on a web platform for desktop and mobile.
GBPNOK contract specifications
Everything to know before your first trade.
- Symbol
- GBPNOK
- Market
- Forex
- Contract size (1 lot)
- 100,000 GBP
- Maximum leverage
- 1:2000
- Minimum trade (lots)
- 0.01
- Maximum trade (lots)
- 100
- Volume step
- 0.01
- Price step
- 0.00001
- Spread
- Floating
- Swap (long / short)
- 0.00 / 0.00
- Trading hours
- Sun 21:00 – Fri 21:00 (22:00 in winter)
Trading GBPNOK by account type
| Account | Max leverage | First deposit | Average spread | Margin call | Stop-out |
|---|---|---|---|---|---|
| Standard | 1:2000 | 10 USD | Floating | 60% | 50% |
| Swap-Free | 1:2000 | 250 USD | Floating | 60% | 50% |
| Pro | 1:2000 | 1,000 USD | Floating | 50% | 30% |
| Elite | 1:2000 | 5,000 USD | Floating | 50% | 30% |
How much is a GBPNOK price move worth?
On GBPNOK, every pip (0.0001) is worth 10 NOK per lot, that is a contract of 100,000 GBP.
Margin to open a trade = contract size × price × lots ÷ leverage. Higher leverage means less margin and more risk.
GBPNOK trading questions
What is the contract size of GBPNOK?
One lot of GBPNOK equals 100,000 GBP. The minimum trade is 0.01 lots and the maximum 100 lots.
What is the maximum leverage on GBPNOK?
Up to 1:2000, and you choose the leverage of each account yourself inside the platform.
When can I trade GBPNOK?
Sun 21:00 – Fri 21:00 (22:00 in winter).
Can I try GBPNOK before depositing?
Yes, open a free demo account with 10,000 USD and practise on GBPNOK before you deposit.
Start with a demo or a live account
The demo account runs on the same platform with virtual funds, and you can open a live account when you are ready.