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Access the largest financial market in the world and trade over 80 different currency pairs

What is Forex?

Foreign Exchange, commonly know as Forex or FX, is the largest and most liquid market in the world with roughly $5 trillion traded on a daily basis. With no set exchange hours, you can trade currencies 24 hours a day, 5 days a week.

Foreign exchange prices move on various factors such as Geo-Political events, economic stimulus from central banks and speculation on future events. The Foreign Exchange market has a multitude of participants including central banks, hedge funds, multinational corporations and individual investors.

Why trade Forex?

  • Open 24 hours, 5 days a week
  • Worlds largest market
  • Deep liquidity
  • Tight spreads
  • No hidden charges
  • Fast execution
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Symbol Digits Contract Size P&L Currency Spread
EURUSD 5 100,000 USD 0.1
GBPUSD 5 100,000 USD 0.4
USDJPY 3 100,000 JPY 0.2
EURGBP 5 100,000 GBP 0.6
AUDUSD 5 100,000 USD 0.4
NZDUSD 5 100,000 USD 0.3
USDCAD 5 100,000 CAD 0.3
EURCAD 5 100,000 CAD 0.6


Example 1

If you bought 1 CFD lot of EURUSD at a price of 1.1800, you would be buying 100,000 Euros and selling 118,000 US Dollars. 

If the price of EURUSD moved from 1.18000 to 1.18050, this means you have made 50 points. After buying 1 CFD Lot, this would result in a profit of $50.

However if the price fell to 1.1785, then you have lost 15 points and made a loss of $150. 

Example 2

If you sold 1 CFD Lot of EURGBP at price of 0.9000, you would be selling 100,000 Euros and buying 90,000 Sterling.

If the price of EURGBP moved to 0.9025, this is a change of 25 points and a loss of £250.

However if the price fell to 0.8940, then you would make a profit of £600.

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Tips in Forex

  • 1 CFD FX lot has a notional value of 100,000
  • Currencies are always traded in pairs
  • The first currency in a pair is known as the 'base currency'
  • The second currency in the pair is known as the 'quote currency'

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