Forex
Trade CFDs on more than 50 FX pairs to experience swift order execution and narrow spreads
*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
-
Intuitive User Interface
-
Sophisticated Chart Tools
-
Comprehensive Risk Mitigation Features
-
Multi-Window View
-
Variety of Order Options
Reveal the World of FX Trading
For those new to trading, our wide array of educational resources and tools are designed to guide you through the fundamental concepts of FX and CFDs.
What is
Forex
The foreign exchange (FX) market represents a vast and intricate financial landscape, incorporating various segments such as Spot FX, Future derivatives, Forward Derivatives, and the widely recognized CFD derivatives designed for retail traders. With an astonishing daily trading volume exceeding $5 trillion, it remains one of the largest and most liquid financial domains worldwide.
In the domain of FX CFDs, prominent international banks take the lead, executing orders through sophisticated electronic trading platforms. Operating as an over-the-counter (OTC) market, pricing lacks standardization. Each bank offers its unique quotes, with the spot market acting 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.
Embrace the Freedom of Trading
Expand Your Investment Horizons with CFDs Covering a Diverse Range of Assets Beyond Forex