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
Explore FX trading on our platform.
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Intuitive User Interface
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Sophisticated Chart Tools
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Comprehensive Risk Mitigation Features
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Multi-window Mode
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Multi-Window View
Reveal the World of FX Trading
For newcomers in the trading arena, our comprehensive educational resources and tools will lead you through the essential principles of FX and CFDs.
What is
Forex
The foreign exchange (FX) market is a vast and intricate financial landscape encompassing various segments, including Spot FX, Future derivatives, Forward Derivatives, and the well-known CFD derivatives tailored for retail traders. With a staggering daily trading volume exceeding $5 trillion, it stands as one of the largest and most liquid financial domains globally.
In the realm of FX CFDs, prominent international banks take the lead, executing orders through sophisticated electronic trading platforms. Being an over-the-counter (OTC) market, pricing isn't standardized. Each bank provides its unique quotes, with the spot market serving as the primary benchmark.
Similarly, the spot FX sector operates as an OTC market, with major global banks influencing its trajectory. The spot rate of a currency pair is influenced by factors such as economic forecasts, geopolitical developments, and significant news releases, each having the potential to strengthen or weaken the market.
Contracts for Difference (CFDs) empower traders to profit from price fluctuations without the need to physically acquire or exchange the underlying asset.
In the FX market, currencies are paired, with one representing the base currency and the other denoting the quote currency. For instance, the EUR/USD rate indicates the amount of USD exchangeable for €1.
FX transactions are measured in pips. Each pip represents a specific monetary value of the quote currency. This measurement helps calculate the profit or loss (PnL) based on the pips gained or lost in a trade. At FxPro, our FX pair quotes extend to an additional digit beyond the pip, known as a point, which is equivalent to 10% of a pip. This precision ensures more accurate spreads and pricing.
For those stepping into the world of online forex trading, we recommend exploring our digital educational resources. This includes user-friendly 'watch and learn' video content and comprehensive PDF guides to familiarize you with market dynamics and the complexities of CFD trading.
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Expand Your Investment Horizons with CFDs Covering a Diverse Range of Assets Beyond Forex