Trade EUR/CZK with Sweden's only STP forex broker.

Speculate on the dynamic European economy by trading the euro against the Czech koruna. Start trading EUR vs CZK with by opening forex trading account from Scandinavian Capital Markets.

  • Trade on MT4, MT5 and cTrader
  • 13.7 pips average spread
  • Earn positive swap on short positions

EUR/CZK contract specifications

Check the contract specifications for trading EUR/CZK Scandinavian Markets.

InstrumentEuro vs Czech koruna
Base currencyEUR
Quote currencyCZK
Point value1 CZK
Contract (Lot) size100,000 EUR
Minimum order size1,000 EUR (0.01)
Leverage/margin requirements1:20 (5%)
Commission$7 per lot
Tripple rolloverWednesday
Swap long (points)-32.449
Swap short (points)9.176
Trading sessionSunday to Friday from 21:05 to 20:55

When you trade EUR/CZK, the base asset is euros, and the quote asset is Czech koruna. The contract size, which is often referred to as the lot size, is 100,000 euros. The smallest order size that can be placed is 1,000 euros, also referred to as a micro-lot or 0.01 lots. Orders can only be submitted in increments of 1,000. Therefore, you cannot place an order for 1,600 EUR/CZK; the second smallest order you can create is for 2,000.

EUR/CZK is quoted with four digits. The third digit is known as the pip, and the fourth digit is known as a point. The value of a pip depends on the size of the contract. If the contract is 1 lot, the pip value will be Kč 100. If the contract size were 0.01 Lots, the Pip value would be Kč 1.

The minimum margin requirement to open 1 lot of EUR/CZK is 5%, meaning you’d need €5,000 or the equivalent amount in your trading account to open the position. To open a 0.01 lot position of EUR/CZK, you’d need €50 of margin.

Currency profiles

How to trade EUR/CZK

When you go long EUR/CZK, you’re technically buying euros with Czech korunas, expecting the euro to appreciate and the koruna to depreciate. When you go short EUR/CZK, you’re technically selling euros to buy CZK, expecting the koruna to appreciate. When you close the trade, your profit or loss will be calculated in CZK.

When you trade forex using contracts for difference (CFDs), you don’t need to own either of the currencies in the trading pair. For example, if your trading account balance is denominated in British pounds, you can still trade EUR/CZK. The purpose of a CFD is to enable traders to hold positions and speculate on the price of one currency against another without owning the underlying currency. When a position is closed, it’s always settled in cash by increasing the balance in your trading account.

Costs to trade EUR/CZK

There are different costs when trading forex with Scandinavian Markets. Besides market fluctuations, three primary factors influence your trading profitability: commissions, spreads and swaps.


The spread is the difference between the bid and ask price. When you enter a long position, your order is opened using the ask price, which is the highest of the two quotes. When a long trade is closed, you are selling, which means the bid price is used, which is the lower of the two quotes. Therefore, the difference between the bid and ask price impacts your profitability.
The diagram below shows how an unprofitable position loses more and how a profitable one earns less due to the spread.


Commissions are charged when you open and close a trade. The currency you are charged depends on your trading platform and account balance. This example assumes the commission is $10 per lot (100,000 EUR). Once adjusted according to the trade size of 0.01 lots (1,000 EUR), the commission becomes $0.05 to open and 0.05 to close. If the USD/CZK exchange rate is 22, the total commission is CZK 2.2.


A swap is a fee for holding positions overnight. The price is derived from the interest rate differential of the base and quote currencies and varies depending on whether your position is long or short. In this example, the swap rate for a long EUR/CZK position is -4.5 pips, and 1.7 pips for a short position.

Ready to trade EUR/CZK?

Speculate on the rising and falling price of the euro against the Czech koruna by joining Scandinavian Capital Markets. Start with a demo account or test our conditions with a live free trial.

Why trade with us


We are one of the few remaining STP brokers. We execute all orders with well-capitalised liquidity providers and industry-leading ECNs.

Impeccable reputation

We've been in the market for over a decade and maintain an unblemished record with our retail, professional and institutional clients worldwide.


1What is a pip?
A pip is the smallest price movement in a currency pair. Confusingly, forex brokers offer even more precise pricing, meaning pips are divided into ten points, so the smallest price movement becomes 0.00001. However, the pip position for EUR/CZK is 0.001, and the smallest price movement is 0.0001.
2Why do I need leverage in forex trading?
You do not necessarily need leverage to forex, but it’s one of the features that makes forex trading more efficient. Leverage allows traders to control a large position with a relatively small capital. It amplifies both profits and losses. The maximum leverage offered on different currency pairs differs. For example, the maximum leverage we offer for trading EUR/USD is 1:200, but the maximum leverage we offer for trading EUR/CZK is 1:20.
3When can I trade forex?
Forex trading sessions are based on the world's major financial markets: Sydney, Tokyo, London, and New York. While the forex market is open 24 hours a day, five days a week, the best times to trade are during the overlap of the major market hours. For example, the Tokyo and London sessions overlap between 09:00 and 10:00 GMT or between 13:00 and 17:00 GMT when the London and New York sessions overlap. These overlapping times are the most active periods for trading, as there's a higher volume of trades and, therefore, more volatility and opportunity. However, the best time to trade EUR/CZK will be during the London session when the European market is open.
4Why does the pip value change?
The pip value can change based on the trade size (lot size) and the traded currency pair. The value of a pip is typically calculated based on the quote currency. Therefore, if the quote currency is not in your account currency, fluctuations in the exchange rate between the account currency and the quote currency can also cause variations in the pip value. Therefore, when trading EUR/CZK, the pip value is quoted in CZK, which is converted to EUR, USD or GBP.
1Are all my trades STP?
Yes. Scandinavian Capital Markets never takes the other side of your trades. We send 100% of our order flow to external counterparties.
2How do forex brokers make money?
Forex brokers often make money through commissions each time you place a trade. In exchange for paying a commission, we try to offer the most competitive spreads in the industry, whereas some brokers make money from the spread, which increases the difference between the buy and sell price.
3What is a forex trading platform?
A forex trading platform is a software that facilitates buying and selling currencies using the balance registered in your trading account. This platform provides traders with tools for analysing prices, accessing real-time quotes, and placing orders. You need a platform to interact with the market, execute trades, manage your account, and analyse currency movements. Popular platforms include MetaTrader 4, MetaTrader 5, and cTrader. You can trade EUR/CZK on all of our platforms.