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Trade in the Forex market

Buy and sell major, minor or exotic currency pairs

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TRADE FROM

0.0 PIPS SPREAD

TRADE FROM

$0 COMMISSION

UP TO

1:UNLIMITED LEVERAGE

70+

CURRENCY PAIRS

TRADE FROM

0.0 PIPS SPREAD

TRADE FROM

$0 COMMISSION

UP TO

1:UNLIMITED LEVERAGE

70+

CURRENCY PAIRS

TRADE FROM

0.0 PIPS SPREAD

TRADE FROM

$0 COMMISSION

UP TO

1:UNLIMITED LEVERAGE

70+

CURRENCY PAIRS

Trade 70+ currency pairs in the Forex market

Go long or short the majors, minors and exotics

Forex
Indices
Commodities
Stocks
Futures

Bid

Ask

Spread

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EURUSD

1.15617
1.15619
0.00002
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GBPUSD

1.35727
1.35731
0.00004
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USDJPY

143.688
143.692
0.004
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USDCAD

1.36479
1.36485
0.00006
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USDCHF

0.81424
0.81428
0.00004
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AUDUSD

0.65042
0.65045
0.00003
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NZDUSD

0.60398
0.60403
0.00005
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USDCZK

21.4095
21.4251
0.0156
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AUDCAD

0.88755
0.88766
0.00011
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AUDCHF

0.52958
0.52966
0.00008
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AUDJPY

93.458
93.467
0.009
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AUDNZD

1.07684
1.07694
0.0001
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CADCHF

0.59666
0.59675
0.00009
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CADJPY

105.295
105.304
0.009
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CHFJPY

176.465
176.478
0.013
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EURAUD

1.77749
1.77762
0.00013
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EURCAD

1.57772
1.57781
0.00009
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EURCHF

0.94138
0.94143
0.00005
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EURGBP

0.85182
0.85185
0.00003
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EURHUF

400.636
400.848
0.212
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EURJPY

166.128
166.130
0.002
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EURMXN

21.89765
21.90554
0.00789
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EURNZD

1.91410
1.91434
0.00024
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EURPLN

4.26052
4.26184
0.00132
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EURSEK

10.96164
10.96433
0.00269
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EURTRY

45.57110
45.60378
0.03268
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GBPAUD

2.08663
2.08681
0.00018
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GBPCAD

1.85209
1.85222
0.00013
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GBPCHF

1.10513
1.10522
0.00009
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GBPJPY

195.022
195.033
0.011
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GBPNZD

2.24704
2.24736
0.00032
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GBPSEK

12.86773
12.87154
0.00381
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NOKSEK

0.94688
0.94839
0.00151
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NZDCAD

0.82417
0.82430
0.00013
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NZDCHF

0.49177
0.49186
0.00009
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NZDJPY

86.784
86.796
0.012
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SGDJPY

112.271
112.297
0.026
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USDCNH

7.17830
7.17945
0.00115
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USDHKD

7.84881
7.84926
0.00045
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USDHUF

346.526
346.684
0.158
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USDMXN

18.93836
18.94726
0.0089
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USDNOK

10.00516
10.00846
0.0033
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USDPLN

3.68484
3.68634
0.0015
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USDSEK

9.48033
9.48337
0.00304
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USDSGD

1.27959
1.27981
0.00022
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USDTRY

39.30303
39.32456
0.02153
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USDZAR

17.85264
17.86236
0.00972
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GBPCZK

29.0018
29.1359
0.1341
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EURCZK

24.7449
24.7796
0.0347

AEDUSD

0.2722
0.2723
0.0001

*The prices on this page are indicative. Prices for instruments with lower liquidity such as but not limited to exotic currency pairs, stocks and indices are not refreshed as often as commonly traded instruments. Please check inside your MT4/MT5 platform for latest live prices

What is the Forex market?

The Forex market, or the foreign exchange market, is a global marketplace for exchanging national currencies. It stands as the world's largest and most liquid market with an average daily trading volume of $7.5 trillion.

The Forex market is open 24 hours a day, 5 days per week and is split into 3 major trading sessions. Offering unparalleled opportunities and access to traders across the globe.

Forex trading primarily happens over a decentralised electronic banking network and plays a crucial role in the global economy. Serving as an essential medium to facilitate international trade and investments.

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How Forex trading works

Forex trading involves the simultaneous buying of one currency and selling of another. For example, if you believe that the value of the Euro will rise against the US Dollar due to strong economic growth in the EU, you might choose to buy the EUR/USD currency pair.

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Bid and ask prices

Each currency pair is quoted with two prices, the 'Bid' price and the 'Ask' price. The bid price is the rate at which you can sell the base currency. While the ask price is the rate at which you can buy the base currency. The ask price is always higher than the bid price and the difference between these prices is called the 'Spread'.
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Go long or short

The basic idea is to buy (go long) a currency pair when you think its value will appreciate in value and sell (go short) when you think it will depreciate in value. Just like buying something at a lower price and trying to sell it at a higher price to make a profit. In forex trading you can buy or sell the base or quote currency to take a position in either direction. For example, when going long the EURUSD, you would be simultaneously selling the USD to buy the EUR. When going short the EURUSD, you would be simultaneously selling the EUR to buy the USD.
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Forex is traded in lots

In the Forex market, trades are placed in terms of lots. For example, a trader can exchange one micro lot ($1,000), one mini lot ($10,000), or one standard lot ($100,000) worth of currency.
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Forex trading involves leverage and margin

Forex trading involves using leverage, which allows you to place trades of a much larger value than the amount you have in your trading account. For example, trading with 200:1 leverage would allow you to buy $100,000 worth of currency with only $500 as margin. Leverage can magnify the potential profits but it also increases risk and speeds up losses.

Forex trading example

You decide to buy 0.1 lots of EURUSD at 1.0800 using 200:1 Leverage. The two currencies involved in the trade are the EUR and the USD.

chart
Trade size:

EUR 10,000

Initial exchange rate:

EUR 1 = USD 1.0800

Position value:

EUR 10,000 x 1.0800 = USD 10,80

Margin requirement:

USD 10,800 / 200 = USD 54

Now you have opened a EUR 10,000 long position in the EURUSD by simultaneously selling USD 10,800. Since forex is traded using leverage, only $54 was used as margin from your trading account. After some time, the rate of exchange between the EURUSD moves and you decide to sell.

Scenario 1

chart

The exchange rate moves up from EURUSD 1.0800 to 1.0850.

This is how the profit or loss on the trade would be calculated.

P/L = ((Current exchange rate - Initial exchange rate)

x Position value) / Current exchange rate

P/L = ((1.0850 - 1.0800) x 10000) / 1.0850

P/L = (0.0050 x 10,000) / 1.0850

P/L = 46.08 USD

Scenario 2

chart

The exchange rate moves down from EURUSD 1.0800 to 1.0750.

This is how the profit or loss on the trade would be calculated.

P/L = ((Current exchange rate - Initial exchange rate)

x Position value) / Current exchange rate

P/L = ((1.0750 - 1.0800) x 10,000) / 1.0750

P/L = (0.0050 x 10,000) / 1.0750

P/L= -46.51 USD

Great value trading with a premium service

This is why people like you choose TIOmarkets

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Spreads from 0.0 pips

Trade with raw variable spreads directly from our liquidity providers

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Low starting amount

Open your account from just $20 to start trading

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Trades are executed in milliseconds, with low slippage, most of the time

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Unlimited leverage

Maximize your potential by trading with up to unlimited leverage

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Trade on the MT4 or MT5 trading platforms

From your desktop, internet browser or mobile

Metatrader 5

Metatrader5

MT5 is a multi-asset trading platform that includes everything you will find in MT4. Plus more capabilities and technical analysis tools than its predecessor. Including more order types and a built-in economic calendar.

Available for:

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Getting started is quick and simple

It only takes a few minutes, this is how it works

Register

STEP 1

Register

Complete your profile and create your account

Fund

STEP 2

Fund

Deposit instantly with our convenient funding methods

Trade

STEP 3

Trade

Download the trading platform and log in to start trading

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Trading is risky

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Trade responsibly: CFDs are complex instruments and come with a high risk of losing all your invested capital due to leverage.

These products are not suitable for all investors and you should ensure that you understand the risks involved.