Forex
Trade the world’s largest market with our Zero Account and enjoy spreads starting from 0.0 pips.
Invest on the world's top currency pairs
Forex trading involves buying and selling currency pairs, such as the Euro and US Dollar (EUR/USD), to profit from changes in exchange rates. Forex traders analyse currency price movements to capitalise on market fluctuations and potential gains
61
Currency pairs
0.0
Tight spreads
1:500
Leverage
40ms
Execution speed
Understanding Major, Minor, and Exotic Forex Pairs
In forex trading, major pairs (like EUR/USD) involve the US dollar and offer high liquidity with tight spreads. Minor pairs exclude the USD but feature major currencies, with wider spreads and more volatility. Exotic pairs, such as USD/THB, combine a major currency with one from an emerging market, resulting in the widest spreads and highest volatility.
Spreads are generally tighter for major pairs and wider for minor and exotic pairs due to liquidity differences. Market conditions, such as economic reports, can further impact spreads and volatility.
Forex Trading Examples
$2988
Opening Price
€200,000 x 1.33623 = USD $267,246
Closing Price
€200,000 x 1.32129 = USD $264,258
Gross Profit on Trade
$2988
Opening the Position
The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.
Closing the Position
One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by at 1.32129. You have profited $2988 on this trade.
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Forex Spreads
- Major
- Minor
- Exotic