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Cable (GBP/USD)

Trade GBPUSD with a prop firm

GBPUSD, nicknamed "Cable", moves more than EURUSD on average, which gives day traders bigger ranges. It is driven by Bank of England policy, UK inflation and US data. Pass a challenge and trade GBPUSD on a funded account, keeping 90% of the profits, paid in USDT.

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Key facts

Updated

  • At Axora Funded you can trade GBPUSD on a funded account of up to $200,000 (from $39).
  • Value of 1 pip on GBPUSD: $10.00 per standard lot (100,000 units).
  • Maximum leverage on GBPUSD: 1:100.
  • Current GBPUSD spread: 1.1 pips (variable).
  • Axora Funded is a prop firm with its own trading platform.
  • Accounts from $5,000 to $200,000; the cheapest challenge costs $39 (one-time fee).
  • Profit split: 90% to the trader on the funded account.
  • Payouts in USDT (TRC20, ERC20 or BEP20), from 50 USDT, after identity verification.
  • Programmes: 2-Step (from $39), 1-Step (from $49) and Futures (from $99).
  • Markets: forex, gold, US indices, 11 crypto pairs 24/7 and CME futures.

1:100 leverage

Margin per standard lot shown live on the platform.

$10.00 per pip

For one standard lot of 100,000 units.

Live prices

Real-time bid and ask on our platform.

$3.50 / lot

Commission per lot per side.

GBPUSD

GBPUSD

British Pound

Live

—

Spread

—

Leverage

1:100

Hours

24/5

Other instruments

EURUSDUSDJPYAUDUSDUSDCAD

GBPUSD contract specifications

SymbolGBPUSD
Contract size100,000 units per lot
Tick size0.00001
Value of 1 pip$10.00 / lot
Max leverage1:100
Margin per lot (approx.)$1,322
Commission$3.50 / lot / side
Volume0.01 – 50 (step 0.01)

GBPUSD position size by account

1% risk per trade with a 0.0025 price stop.

Account1% riskLotsActual risk
$5,000$500.2$50
$10,000$1000.4$100
$25,000$2501$250
$50,000$5002$500
$100,000$1,0004$1,000
$200,000$2,0008$2,000

2-Step Challenge: prices and rules

Target 10% + 5% · daily loss 4% · max loss 8% · consistency 50%

AccountPricePhase 1 targetDaily lossMax loss
$5,000$39$500$200$400Choose
$10,000$59$1,000$400$800Choose
$25,000$139$2,500$1,000$2,000Choose
$50,000$249$5,000$2,000$4,000Choose
$100,000$499$10,000$4,000$8,000Choose
$200,000$949$20,000$8,000$16,000Choose

About GBPUSD

GBPUSD, nicknamed "Cable", moves more than EURUSD on average, which gives day traders bigger ranges. It is driven by Bank of England policy, UK inflation and US data.

Strongest at the London open and during the overlap with New York; UK CPI and BoE decisions create sharp moves.

How to size a GBPUSD position

Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a 25 pips stop: 4 lots, which risks about $1,000.

The order panel has a built-in risk calculator: enter your % risk and your stop loss and it sizes the position for you.

Which challenge to trade GBPUSD?

2-Step challenge (10% + 5% targets, 4% daily and 8% maximum loss) or the faster 1-Step challenge (one 10% target).

GBPUSD trading hours

24 hours a day, Sunday 22:00 to Friday 21:00 UTC.

Frequently asked questions

What is the pip value of GBPUSD?

$10.00 per standard lot (100,000 units). For 0.10 lots it is $1.00.

What leverage do you offer on GBPUSD?

Up to 1:100. One standard lot needs about $1,322 of margin at current prices.

Is there a commission on GBPUSD?

$3.50 per lot per side.

When is GBPUSD most active?

Strongest at the London open and during the overlap with New York; UK CPI and BoE decisions create sharp moves.

Can I hold GBPUSD over the weekend?

The market is closed at the weekend. During the 2-Step evaluation positions are closed before the weekend; the 1-Step and funded accounts allow holding.

Is the capital real?

All accounts are demo accounts with virtual funds that run in a simulated trading environment. Rewards are paid in USDT based on your simulated performance, according to our terms.

Keep reading

Forex prop firmForex prop firm with live spreads from our own platform, 1:100 leverage on majors and a 90% profit split. Challenges from $39, payouts in USDT.News tradingTrade high-impact news on a funded account. News trading is allowed on all our challenges: NFP, CPI, FOMC and more. Up to $200,000, 90% profit split.Drawdown rulesHow prop firm drawdown works: maximum daily loss, static vs trailing maximum loss and the consistency rule, with dollar examples for every account.How to passA practical guide to passing a prop firm challenge: risk per trade, daily stop, consistency, news, position sizing and the mistakes that fail most traders.

The account you deserve is waiting.

Take the challenge today. Your trading account is ready the second your payment clears.

  • Up to $200,000 account
  • 90% profit split
  • Instant account delivery
  • No time limit when funded
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