Forex Market or FX as it is popularly known in the Trading world is the biggest and most liquid financial market there is. It carries a daily volume of $5 Trillion +.
FX is neither bound by geography nor a central exchange. It is deemed an Over the Counter (OTC) market, due to the fact that the entire market is continuously run electronically, within a global network.
*Your Spread will equate to Zero amount if the minimum Deposit is USD 200,000, courtesy of BellsTrade.
61 Currency Pairs (Major, Minor and Exotic) Typical FX Spreads from – 0.2 pips*
Typical FX Spreads
From – 1.6 pips* (Standard Account)
Maximum Leverage – 1:500 on Forex
Floating Leverage – Available
Start Trading from – USD 500 (Standard Account)
Start Trading – USD 20,000 (Pro Account)
It is important to note that the spreads and liquidity can change as per market conditions. The above given information holds at the time of publication so in case you receive different figures from our brokers, do not be alarmed for they will be divulging real time numbers to you. For real time numbers, you can refer to the given number on this website and our staff will be there to answers any of your questions.
*Spreads are variable and can change during off hours.
Why Trade Forex?
– No middlemen
– 24-hour trading
– High levels of liquidity
– Commission free trading
– Profit potential in falling/ raising market
– High leverage
– Free demo account
– Free news, charts and analysis
What is a pip*?
A pip, short for point in percentage, is a very small measure of change in a currency pair in the forex market. It can be measured in terms of the quote or in terms of the underlying currency. A pip is a standardized unit and is the smallest amount by which a currency quote can change. It is usually $0.0001 for U.S.-dollar related currency pairs, which is more commonly referred to as 1/100th of 1%, or one basis point.
What are Currency pairs?
Forex Trading involves selling one currency in order to buy another. These currencies are quoted in pairs that show which currency is being bought and which is being sold. Each currency in the pair is listed in the form of its three-letter code such as:
United Stated Dollar – USD
Great Britain Pound – GBP
On a Forex interface, a pair is shown as:
This currency pair involves the Great Britain Pound and the US Dollar. In this pair, the GBP is being bought by selling of US dollars.
What are Base and Quote Currencies?
The Base currency is the currency against which exchange rates are generally quoted.
USD/JPY – the US Dollar is the Base Currency
EUR/USD, the EURO is the Base currency
Which makes the remaining currencies, Quote Currencies.