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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

EURUSD

1.15617

1.15619

0.00002

GBPUSD

1.35727

1.35731

0.00004

USDJPY

143.688

143.692

0.004

USDCAD

1.36479

1.36485

0.00006

USDCHF

0.81424

0.81428

0.00004

AUDUSD

0.65042

0.65045

0.00003

NZDUSD

0.60398

0.60403

0.00005

USDCZK

21.4095

21.4251

0.0156

AUDCAD

0.88755

0.88766

0.00011

AUDCHF

0.52958

0.52966

0.00008

AUDJPY

93.458

93.467

0.009

AUDNZD

1.07684

1.07694

0.0001

CADCHF

0.59666

0.59675

0.00009

CADJPY

105.295

105.304

0.009

CHFJPY

176.465

176.478

0.013

EURAUD

1.77749

1.77762

0.00013

EURCAD

1.57772

1.57781

0.00009

EURCHF

0.94138

0.94143

0.00005

EURGBP

0.85182

0.85185

0.00003

EURHUF

400.636

400.848

0.212

EURJPY

166.128

166.130

0.002

EURMXN

21.89765

21.90554

0.00789

EURNZD

1.91410

1.91434

0.00024

EURPLN

4.26052

4.26184

0.00132

EURSEK

10.96164

10.96433

0.00269

EURTRY

45.57110

45.60378

0.03268

GBPAUD

2.08663

2.08681

0.00018

GBPCAD

1.85209

1.85222

0.00013

GBPCHF

1.10513

1.10522

0.00009

GBPJPY

195.022

195.033

0.011

GBPNZD

2.24704

2.24736

0.00032

GBPSEK

12.86773

12.87154

0.00381

NOKSEK

0.94688

0.94839

0.00151

NZDCAD

0.82417

0.82430

0.00013

NZDCHF

0.49177

0.49186

0.00009

NZDJPY

86.784

86.796

0.012

SGDJPY

112.271

112.297

0.026

USDCNH

7.17830

7.17945

0.00115

USDHKD

7.84881

7.84926

0.00045

USDHUF

346.526

346.684

0.158

USDMXN

18.93836

18.94726

0.0089

USDNOK

10.00516

10.00846

0.0033

USDPLN

3.68484

3.68634

0.0015

USDSEK

9.48033

9.48337

0.00304

USDSGD

1.27959

1.27981

0.00022

USDTRY

39.30303

39.32456

0.02153

USDZAR

17.85264

17.86236

0.00972

GBPCZK

29.0018

29.1359

0.1341

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.

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.

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'.

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.

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.

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.

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

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

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

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Trade on the MT4 or MT5 trading platforms

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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: