Forex
Forex
Choose from over 60 of the world's most popular currency pairs and access the world's largest financial market, with daily trading volumes reaching $6.6 trillion. Enjoy deep liquidity, fast execution and negative balance protection.
Advantages of Trading Forex
Recognised as the world's largest and most liquid financial market, foreign exchange (also known as forex or FX) trading provides ongoing opportunities to traders globally. With an estimated US$6.6 trillion in daily transactions, traders can take advantage of this dynamic, 24-hour market with deep liquidity.
Means investors can participate in market fluctuations anytime and in different time zones.
Spreads as low as 0.0 pips.
We have a wide range of over 60 currencies including majors, crosses and exotic FX pairs.
With large transaction volumes and high liquidity, the FX market provides an efficient and transparent flow of trades between buyers and sellers within seconds and with no re-quotes.
The Forex market is a truly global market where economic, political and regulatory trends and policies can affect the currencies movements. Using our trading platform, you can trade all the major currencies across the world.
Available Forex Currency Pairs
Majors are the most liquid and most widely traded currency pairs in the forex market. Major currencies include: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD and NZD/USD.
Currency crosses are pairs where the US dollar is not the counter-currency. Some of the most popular and highly traded cross pairs include: EUR/GBP, EUR/JPY, EUR/CHF and GBP/JPY.
This group usually refers to currencies of countries known for their natural resources such as oil, gold and other minerals. Some of the major commodity currencies are the Euro.
Forex Trading Example
Let's take a look at a Forex trading example so you can see how leverage, margin and what happens when you close out for a profit or a loss.
1 Lot = 100,000 Base Currencies | Position: Long | Leverage: 30
| Open | Close | Close |
|---|---|---|
| EUR/USD Bid 1.1267 / Ask 1.1268 Proposed leverage is 30:1 1 Lot = 100,000 Base Currency | Bid 1.1277 / Ask 1.1278 Closing Price @ $1.1277 | Bid 1.1257 / Ask 1.1258 Closing Price @ $1.1257 |
| Value per Lot 100,000×1.1268 = $112,680 USD | Value per position $112,770 | Value per position $112,570 |
| Margin per Lot 112,680/30 = $3,756 USD | P/L Profit：112,770-112,680= $90 | P/L Loss：112,680-112,570= $110 |
Most Traded FX Pairs
| CURRENCY PAIR | SPREAD | SWAP SHORT** | SWAP LONG** | STOP LEVELS | USED MARGIN IN USD * | 1 PIP VALUE IN USD |
|---|---|---|---|---|---|---|
| AUDCAD | 3.4 | -0.82 | 0.21 | 4 | 1000 * AUDUSD Rate | 10 / USDCAD Rate |
| AUDCHF | 4.2 | -1.03 | 0.21 | 4 | 1000 * AUDUSD Rate | 10 / USDCHF Rate |
| AUDJPY | 2.3 | -0.98 | 0.27 | 4 | 1000 * AUDUSD Rate | 1000 / USDJPY Rate |
| AUMyBest Trader MarketsD | 4 | -0.02 | -0.72 | 4 | 1000 * AUDUSD Rate | 10 * NZDUSD Rate |
| AUDUSD | 1.5 | -0.52 | 0.165 | 4 | 1000 * AUDUSD Rate | 10 USD Rate |
| CADCHF | 2.2 | -0.47 | 0.00 | 6 | 1000 / USDCAD Rate | 10 / USDCHF Rate |
| CADJPY | 2.3 | -0.39 | -0.23 | 5 | 1000 / USDCAD Rate | 1000 / USDJPY Rate |
| CHFJPY | 3 | -0.24 | -0.7 | 4 | 1000 / USDCHF Rate | 1000 / USDJPY Rate |
| EURAUD | 4.2 | 0.4 | -1.45 | 3 | 1000 * EURUSD Rate | 10 * AUDUSD Rate |
| EURCAD | 2.4 | 0.12 | -0.49 | 4 | 1000 * EURUSD Rate | 10 / USDCAD Rate |
| EURCHF | 1.9 | -0.81 | -0.25 | 4 | 1000 * EURUSD Rate | 10 / USDCHF Rate |
| EURDKK **** | 48.5 | -1.31 | -1.69 | 15 | 10000 * EURUSD Rate | 10 / USDDKK Rate |
| EURGBP | 1.8 | -0.30 | -0.10 | 3 | 1000 * EURUSD Rate | 10 * GBPUSD Rate |
| EURHUF | 39.9 | 0.50 | -1.99 | 40 | 1000 * EURUSD Rate | 1000 / USDHUF Rate |
| EURJPY | 1.7 | -0.27 | -0.24 | 5 | 1000 * EURUSD Rate | 1000 / USDJPY Rate |
| EURNOK **** | 33.7 | 1.20 | -5.50 | 40 | 1000 * EURUSD Rate | 10 / USDNOK Rate |
| EURNZD | 7 | 1.23 | -2.02 | 5 | 1000 * EURUSD Rate | 10 * NZDUSD Rate |
| EURPLN | 31.8 | 1.37 | -2.85 | 40 | 1000 * EURUSD Rate | 10 / USDPLN Rate |
| EURRON *** | 55.9 | 2.46 | -3.25 | 80 | 1000 * EURUSD Rate (A) | 10 / USDRON Rate |
| EURUSD | 1.2 | -0.17 | -0.54 | 3 | 1000 * EURUSD Rate | 10 USD Rate |
| GBPAUD | 4.9 | 0.45 | -1.74 | 5 | 1000 * GBPUSD Rate | 10 * AUDUSD Rate |
| GBPCAD | 4.1 | -0.53 | -0.36 | 5 | 1000 * GBPUSD Rate | 10 / USDCAD Rate |
| GBPCHF | 3 | -0.82 | -0.10 | 5 | 1000 * GBPUSD Rate | 10 / USDCHF Rate |
| GBPJPY | 3.3 | -0.71 | -0.03 | 5 | 1000 * GBPUSD Rate | 1000 / USDJPY Rate |
| GBPNZD | 6 | 1.45 | -2.05 | 6 | 1000 * GBPUSD Rate | 10 * NZDUSD Rate |
| GBPUSD | 2.4 | -0.20 | -0.46 | 3 | 1000 * GBPUSD Rate | 10 USD Rate |
| NZDCAD | 5.6 | -1.05 | 0.28 | 5 | 1000 * NZDUSD Rate | 10 / USDCAD Rate |
| NZDCHF | 4.4 | -1.15 | 0.34 | 5 | 1000 * NZDUSD Rate | 10 / USDCHF Rate |
| NZDJPY | 2 | -0.83 | 0.25 | 5 | 1000 * NZDUSD Rate | 1000 / USDJPY Rate |
| NZDUSD | 1.9 | -0.75 | 0.37 | 3 | 1000 * NZDUSD Rate | 10 USD Rate |
| USDCAD | 1.9 | -0.25 | -0.55 | 3 | 1000 USD | 10 / USDCAD Rate |
| USDCHF | 1.9 | -0.45 | -0.10 | 3 | 1000 USD | 10 / USDCHF Rate |
| USDCNH | 8.1 | -0.5 | -16.50 | 30 | 1000 USD (A) | 10 / USDCNH Rate |
| USDCZK | 23.1 | -0.70 | -0.12 | 30 | 1000 USD | 100 / USDCZK Rate |
| USDDKK **** | 14.2 | -2.9 | -1.35 | 4 | 1000 USD (A) | 10 / USDDKK Rate |
| USDHKD | 5.4 | -3.5 | -2.2 | 10 | 1000 USD (A) | 10 / USDHKD Rate |
| USDHUF | 28 | -0.59 | -3.73 | 50 | 1000 USD (A) | 1000 / USDHUF Rate |
| USDJPY | 1.7 | -0.25 | -0.18 | 3 | 1000 USD | 1000 / USDJPY Rate |
| USDNOK **** | 30.8 | 0.59 | -3.35 | 50 | 1000 USD (A) | 10 / USDNOK Rate |
| USDPLN | 34.6 | 0.15 | -3.75 | 40 | 1000 USD | 10 / USDPLN Rate |
| USDRON *** | 60 | 0.79 | -1.91 | 80 | 1000 USD | 10 / USDRON Rate |
| USDRUB *** | 850.9 | 0.10 | -20.00 | 300 | 1000 USD (A) | 10 / USDRUB Rate |
| USDSEK | 28.1 | -4.25 | -0.43 | 40 | 1000 USD (A) | 10 / USDSEK Rate |
| USDSGD | 5.4 | -0.37 | -0.96 | 10 | 1000 USD (A) | 10 / USDSGD Rate |
| USDTRY | 16.4 | 0.74 | -17.32 | 30 | 1000 USD (A) | 10 / USDTRY Rate |
| USDZAR | 159 | 4.10 | -20.30 | 200 | 1000 USD (A) | 10 / USDZAR Rate |
| ZARJPY | 5.5 | -0.25 | 0.09 | 20 | 1000 / USDZAR Rate | 1000 / USDJPY Rate |
