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Ezymex FX Options · New

The first forex options platform.

Buy or sell calls and puts on 9 FX pairs, gold, silver and oil, with daily, weekly and monthly expiries. Settled in cash in US dollars, in the same account as your CFDs.

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Inside Ezymex Trader. Start on a free demo account.

Ezymex FX Options chain for EURUSD: expiries along the top, calls left, puts right, strikes in the middle

What happens · Example

Buy 1 EURUSD 1.1200 call

  • You pay$12.10
  • Most you can lose$12.10
  • Profit if above1.12121
  • Settlesin cash, automatically
Underlyings: 8 FX pairs, gold, silver, WTI, Brent

Underlyings: 8 FX pairs, gold, silver, WTI, Brent

Daily expiries every week, plus weekly and monthly

Daily expiries every week, plus weekly and monthly

Strategy templates, up to 8 legs per order

Strategy templates, up to 8 legs per order

Commission per contract, capped at 10% of premium

Commission per contract, capped at 10% of premium

How the chain works

Read a chain in thirty seconds.

Every option for one market and one expiry on a single screen. Tap any price and the order ticket opens with that option filled in.

EURUSD option chain with numbered callouts for expiries, calls, strikes, puts, breakeven and chance
  1. 1

    Expiries

    Daily expiries for the next five business days, weekly (W) on Fridays and monthly (M) at month end.

  2. 2

    Calls

    On the left. A call profits if the market rises above its strike.

  3. 3

    Strikes

    In the middle, with the at-the-money strike marked and the live price drawn across the chain.

  4. 4

    Puts

    On the right. A put profits if the market falls below its strike.

  5. 5

    Breakeven and chance

    Where each option starts to pay at expiry, and the chance the pricing model gives it of finishing in the money.

Quick trade ticket: pick a market, then choose up or down, then when
Quick trade

Up or down. By when. How far.

Quick trade turns a view into an option without the jargon. Choose a market and a direction, pick a date, then pick how far you think it will go. Ezymex shows the chance the model gives each choice, the cost, and the most you can lose.

  • Up

    Buys a call

  • Down

    Buys a put

  • Today, tomorrow, later

    Daily, weekly or monthly expiry

  • What happens

    The outcome in plain words before you confirm

Strategy builder

Spreads, straddles, iron condors.

Start from a template or build your own: up to 8 legs in one order, filled all together or not at all, with the payoff drawn before you send it.

Long call

Bullish

Profit if the price rises past the strike plus what you paid. Risk limited to the premium.

Long put

Bearish

Profit if the price falls below the strike minus what you paid. Risk limited to the premium.

Straddle

Big move, any direction

A call and a put at the same strike. Pays when the market moves far either way.

Strangle

Big move, cheaper

A call and a put at different strikes. Costs less than a straddle, needs a bigger move.

Bull call spread

Moderately bullish

Buy a call, sell a higher call. Cheaper than a call alone, with a capped upside.

Bear put spread

Moderately bearish

Buy a put, sell a lower put. Cheaper than a put alone, with a capped downside payout.

Iron condor

Range-bound

Sell a call spread and a put spread. Earns when the price stays inside a range.

Butterfly

Pinned price

Pays most if the market settles near the middle strike at expiry.

Payoff shapes at expiry are schematic, not to scale. A dashed line marks break-even.

Examples

Three trades, worked through.

Illustrative prices to show the arithmetic. Real premiums come from the live chain and change all the time; commission is not included.

01

You think gold rises before Friday

Buy 1 XAUUSD call, strike 4,150, weekly expiry

You pay (premium)
$28 per contract (1 oz)
Breakeven at expiry
4,178
Gold settles at 4,200
Option pays $50: you make $22
Gold settles at or below 4,150
Option expires worthless: you lose $28
02

You hold EURUSD and fear a drop at the ECB meeting

Buy 1 EURUSD put, strike 1.1150, daily expiry

You pay (premium)
$8 per contract (10,000 EUR)
EURUSD settles at 1.1050
Put pays $100, offsetting losses on your CFD
EURUSD stays above 1.1150
You lose the $8 you paid, like an insurance premium
Most you can lose
$8
03

You expect a big oil move, direction unknown

Buy a USOIL straddle: 1 call and 1 put, strike 88.00

You pay (two premiums)
$9 + $8 = $17 for 10 barrels
Breakevens
86.30 and 89.70
Oil settles at 92.00
Call pays $40: you make $23
Oil settles at 88.00
Both expire worthless: you lose $17
The rules

Clear rules, stated up front.

Selling is allowed, and labelled

Anyone can sell (write) options. The ticket says plainly that your risk is not limited to the premium you receive, and shows the margin the position uses. Seller margin is stress-tested across 16 price and volatility scenarios.

Exchange-style order book

Rolling out

Built into the chain: clients trade with each other and the Ezymex market maker quotes both sides under the same rules. Limit, post-only, IOC and FOK orders, market orders inside a price band, reduce-only and stop orders. The Book tab already shows depth and trades for every option.

Contract terms

Style
European, cash-settled in USD
Expiries
Daily (next 5 business days), weekly (next 4 Fridays), monthly (next 3 month-ends)
Cut
10:00 New York
Settlement price
Average of 1-second mids over the final 30 minutes
FX contract
10,000 units of the base currency
Gold · Silver
1 oz · 50 oz
WTI · Brent
10 barrels
Contracts per order
1 to 100
Commission
$0.25 per contract, capped at 10% of the premium
Last new position
15 minutes before the cut
Buying
No margin; the most you can lose is the premium
Selling
Uses margin; losses can exceed the premium
Account
Same account as your CFDs, cross-margined
Analytics

Analytics that explain the price.

Volatility smile, term structure, open interest and the put/call ratio for every underlying. Prices come from standard models: Garman-Kohlhagen (FX), Black-Scholes with a lease rate (gold, silver), Black-76 (oil).

Options analytics for EURUSD: volatility smile, term structure, open interest by strike and the put/call ratio
Underlyings

Forex majors, metals and oil.

Options on the markets you already trade: eight FX pairs live and NZDUSD next, gold and silver, WTI and Brent crude.

All markets
UnderlyingLatest prices

  • Forex

    EURUSD

    Euro / US Dollar

    1.12184+0.20%

  • GBPUSD

    British Pound / US Dollar

    1.32336+0.16%

  • USDJPY

    US Dollar / Japanese Yen

    157.561−0.31%

  • AUDUSD

    Australian Dollar / US Dollar

    0.69593−0.03%

  • USDCAD

    US Dollar / Canadian Dollar

    1.42217−0.24%

  • USDCHF

    US Dollar / Swiss Franc

    0.83079−0.28%

  • EURJPY

    Euro / Japanese Yen

    176.743−0.12%

  • GBPJPY

    British Pound / Japanese Yen

    208.509−0.15%

  • NZDUSD

    New Zealand Dollar / US Dollar

    Coming soon

  • Metals

    XAUUSD

    Gold / US Dollar

    4,135.11+0.54%

  • XAGUSD

    Silver / US Dollar

    59.204−1.05%

  • Energies

    USOIL

    WTI Crude Oil

    91.14+2.49%

  • UKOIL

    Brent Crude Oil

    103.68+2.72%
Questions

Options, answered.

What is an FX option?
A contract that gives you the right, but not the obligation, to gain from a currency pair (or gold, silver or oil) finishing above or below a price, called the strike, at a set expiry. A call pays if the market finishes above the strike; a put pays if it finishes below. Ezymex FX Options are European style: they settle at expiry, and you can close them at any time before.
Can I lose more than I pay?
Not when you buy. When you buy a call or a put, the most you can lose is the premium you paid. Selling (writing) an option is different: you receive the premium, but your loss is not limited to it, and the position uses margin.
Do I need a separate account?
No. Options sit in the same Ezymex trading account as your CFDs, with one balance and cross-margin. Switch between CFD and Options at the top of Ezymex Trader. Prop, copy, PAMM and MAM accounts cannot trade options.
How do options settle?
In cash, in US dollars, automatically. The settlement price is the average of one-second mid prices over the 30 minutes before the 10:00 New York cut, so a single tick cannot decide the outcome.
What does it cost?
You pay the option premium shown on the chain, plus a commission of $0.25 per contract, capped at 10% of the premium.
When can I trade?
Options follow the trading hours of their underlying market. New positions stop 15 minutes before the cut, and all trading on an expiry stops in its final minute.
Can I practise first?
Yes. Open a free demo account in the Client Area and trade options with virtual funds on live prices.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Buying an option can lose 100% of the premium paid. Selling an option can lose more than the premium received and uses margin. Read more

Make the call. Try it on demo.

Open a free demo account, switch Ezymex Trader to Options, and place your first trade with virtual funds on live prices.

Open accountTry a free demo

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Buying an option can lose 100% of the premium paid. Selling an option can lose more than the premium received and uses margin. Read more