When you trade forex, you trade in the most liquid market in the world. We offer majors, minors and exotics across a variety of markets so you can trade the FX market you know with low commissions and competitive spreads. We also place a heavy focus on a low latency, high-quality execution, with flexible leverage up to 500:1 and reliable trading infrastructure.
Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Trading currencies always involves exchanging one currency for another.
The ultimate aim can vary and can be any of the below but not limited to the below:
- Exchanging currency A (e.g. USD) to currency B (e.g. EUR) for travelling purposes;
- Exchanging currency A (e.g. USD) to currency B (e.g. EUR) for trading purposes;
- Exchanging currency A (e.g. USD) to currency B (e.g. EUR) for speculative purposes, with the al to make a profit.
Due to all the above, and not limited to the above, the forex trading market is today the world’s most liquid and most volatile market, with over $5 trillion traded daily.
In forex trading, some currency pairs are nicknamed majors (major pairs). This catery includes the most traded currency pairs and they always include the USD on one side.
Major pairs include: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD
In forex trading, minor currency pairs or crosses are all currency pairs that do not include the USD on one side.
In forex trading, exotic pairs include the less traded currency pairs that include a major currency paired with the currency of a smaller or emerging economy. These pairs usually have less volatility, less liquidity and do not present the dynamic behavior of major pairs and crosses.
Leverage is the ability to control a large amount of money in the forex markets.
For example, we offer leverage of up to 500:1 for forex. That means, for every $1 that you have in your trading account, you can trade $500 in the forex market.
Leverage gives the trader the ability to make meaningful profits on the normally miniscule daily currency movements, and, at the same time, risk only minimal capital on a given position.
Leverage can exponentially increase your profits as well as your losses so it's crucial that traders take care when using leverage. The larger your position size, the larger your pip value will be and therefore, the greater the impact on your profit/loss (P/L).
You can right-click on any symbol on market watch and see the swap rates and trading hours by clicking on specifications.
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