Forex
You can enjoy tight spreads and speedy order execution by trading CFDs on over 50 FX pairs.
*Not all currency pairs are represented here. You can find the entire list on our trading platform
*Not all currency pairs are represented here. You can find the entire list on our trading platform
EXPERIENCE FX TRADING ON OUR PLATFORM
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User-Friendly Interface
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Advanced Charting
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Risk Management Tools
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Multi-window Mode
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Multiple Order Types
LEARN MORE ABOUT FX TRADING
If you are new to trading, our comprehensive educational materials and trading tools can help you understand the basics of FX and CFDs.
What is
Forex
The foreign exchange (FX) market is a vast and diverse financial market that includes Spot FX, Future derivatives, Forward Derivatives, and the popular CFD derivatives market for retail clients. With an average daily trading volume of over $5 trillion, it is the largest and most liquid financial market.
In the FX CFD market, large international banks are the primary participants, placing orders via electronic trading systems. As an over-the-counter (OTC) market, there is no uniform price, and each bank provides its quotes, with the spot market serving as the reference point.
The spot FX market is also an OTC market dominated by large international banks. The spot price of a currency pair is influenced by various factors such as economic outlook, geopolitical events, and news data releases that can impact the market positively or negatively.
Contracts for difference (CFDs) enable traders to profit from price movements without physically buying and exchanging the underlying currency.
FX is quoted in pairs, with one currency representing the base currency and the other representing the term or quote currency. The price of EUR/USD, for instance, represents the amount of USD that can be exchanged for €1.
FX currency trading is calculated in pips, with each pip representing a specific monetary value of the term currency, and it is used to determine the profit or loss (PnL) based on the number of pips gained or lost in a trade. At FxPro, we quote all FX pairs to an extra digit after the pip, which represents a point, or 10% of a pip, allowing for tighter spreads and more accurate pricing.
If you are new to online forex trading, we recommend going through our online educational section, which includes 'watch and learn' videos and PDF guides to familiarize yourself with the market and how CFD trading works.
FEEL THE FREEDOM OF TRADING
Expand your investment portfolio with CFDs that cover a wide range of assets beyond Forex.