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Trading Conditions and Specifications
A quick overview of FX trading with us.
|Currency Pair||Description||Size of 1 lot||Pip Value||Minimum Fluctuation Size||Average Spread|
|EURUSD||Euro vs US Dollar||100000 EUR||10 USD||0.00001||0.00001|
|GBPUSD||British Pound vs US Dollar||100000 GBP||10 USD||0.00001||0.00004|
|USDCHF||US Dollar vs Swiss Franc||100000 USD||10 CHF||0.00001||0.00006|
|USDJPY||US Dollar vs Japanese Yen||100000 USD||1000 JPY||0.001||0.00216|
|USDCAD||US Dollar vs Canadian Dollar||100000 USD||10 CAD||0.00001||0.00004|
|CHFJPY||Swiss Franc vs Japanese Yen||100000 CHF||1000 JPY||0.001||0.014|
|EURGBP||Euro vs British Pound||100000 EUR||10 GBP||0.00001||0.00003|
|EURCHF||Euro vs Swiss Franc||100000 EUR||10 CHF||0.00001||0.00008|
|EURJPY||Euro vs Japanese Yen||100000 EUR||1000 JPY||0.001||0.004|
|EURCAD||Euro vs Canadian Dollar||100000 EUR||10 CAD||0.00001||0.00009|
|GBPCHF||British Pound vs Swiss Franc||100000 GBP||10 CHF||0.00001||0.00015|
|GBPJPY||British Pound vs Japanese Yen||100000 GBP||1000 JPY||0.001||0.009|
|CADCHF||Canadian Dollar vs Swiss Franc||100000 CAD||10 CHF||0.00001||0.00009|
|CADJPY||Canadian Dollar vs Japanese Yen||100000 CAD||1000 JPY||0.001||0.00706|
|GBPCAD||British Pound vs Canadian Dollar||100000 GBP||10 CAD||0.00001||0.00015|
|AUDUSD||Australian Dollar vs US Dollar||100000 AUD||10 USD||0.00001||0.00002|
|AUDNZD||Australian Dollar vs New Zealand Dollar||100000 AUD||10 NZD||0.00001||0.00011|
|AUDCAD||Australian Dollar vs Canadian Dollar||100000 AUD||10 CAD||0.00001||0.00008|
|AUDCHF||Australian Dollar vs Swiss Franc||100000 AUD||10 CHF||0.00001||0.00008|
|AUDJPY||Australian Dollar vs Japanese Yen||100000 AUD||1000 JPY||0.001||0.006|
|EURAUD||Euro vs Australian Dollar||100000 EUR||10 AUD||0.00001||0.00008|
|EURNZD||Euro vs New Zealand Dollar||100000 EUR||10 NZD||0.00001||0.00019|
|EURHUF||Euro vs Hungarian Forint||100000 EUR||1000 HUF||0.001||0.373|
|EURMXN||Euro vs Mexican Pesos||100000 EUR||10 MXN||0.00001||0.00536|
|EURNOK||Euro vs Norwegian Krone||100000 EUR||10 NOK||0.00001||0.00456|
|EURPLN||Euro vs Polish Zloty||100000 EUR||10 PLN||0.00001||0.00366|
|EURSEK||Euro vs Swedish Krona||100000 EUR||10 SEK||0.00001||0.0042|
|EURTRY||Euro vs Turkish Lira||100000 EUR||10 TRY||0.00001||0.03875|
|EURZAR||Euro vs South African Rand||100000 EUR||10 ZAR||0.00001||0.01036|
|GBPAUD||British Pound vs Australian Dollar||100000 GBP||10 AUD||0.00001||0.00014|
|GBPNZD||British Pound vs New Zealand Dollar||100000 GBP||10 NZD||0.00001||0.0003|
|GBPZAR||British Pound vs South African Rand||100000 GBP||10 ZAR||0.00001||0.01506|
|HKDJPY||Hong Kong Dollar vs Japanese Yen||100000 HKD||1000 JPY||0.001||0.001|
|NOKSEK||Norwegian Krone vs Swedish Krona||100000 NOK||10 SEK||0.00001||0.00068|
|NZDCAD||New Zealand Dollar vs Canadian Dollar||100000 NZD||10 CAD||0.00001||0.00012|
|NZDCHF||New Zealand Dollar vs Swiss Franc||100000 NZD||10 CHF||0.00001||0.00011|
|NZDJPY||New Zealand Dollar vs Japanese Yen||100000 NZD||1000 JPY||0.001||0.009|
|NZDUSD||New Zealand Dollar vs US Dollar||100000 NZD||10 USD||0.00001||0.00005|
|USDCNH||US Dollar vs Chinese Renminbi||100000 USD||10 CNH||0.00001||0.00054|
|USDCZK||US Dollar vs Czech Koruna||100000 USD||100 CZK||0.0001||0.0160|
|USDDKK||US Dollar vs Danish Krone||100000 USD||10 DKK||0.00001||0.00054|
|USDHKD||US Dollar vs Hong Kong Dollar||100000 USD||10 HKD||0.00001||0.00019|
|USDHUF||US Dollar vs Hungarian Forint||100000 USD||1000 HUF||0.001||0.347|
|USDMXN||US Dollar vs Mexican Pesos||100000 USD||10 MXN||0.00001||0.00372|
|USDNOK||US Dollar vs Norwegian Krone||100000 USD||10 NOK||0.00001||0.0046|
|USDPLN||US Dollar vs Polish Zloty||100000 USD||10 PLN||0.00001||0.0032|
|USDSEK||US Dollar vs Swedish Krona||100000 USD||10 SEK||0.00001||0.00424|
|USDSGD||US Dollar vs Singapore Dollar||100000 USD||10 SGD||0.00001||0.00013|
|USDTRY||US Dollar vs Turkish Lira||100000 USD||10 TRY||0.00001||0.02386|
|USDZAR||US Dollar vs South African Rand||100000 USD||10 ZAR||0.00001||0.00681|
Want to know more about FX trading?
Forex, also referred to as FX, and Foreign Exchange, is the world’s most widely traded market. It is an exceptionally liquid and volatile market, where you can trade major, minor, and exotic pairs, 24 hours a day, 5 days a week. FX Trading is always done with currency pairs, where one currency is sold, and another is bought. This is why forex prices are always quoted in pairs. Forex trading is conducted as a contract for difference (CFD), where you don’t need to own the underlying currency to speculate on its price movements. Use a forex demo account to familiarise yourself with forex trading and the trading platform.
Currency pairs open every Monday at 00:00 (server time) and close on Friday at 00:00 (server time). The forex market opens at the start of the Sydney session and closes with the close of the New York session. There are 4 major forex trading sessions – Sydney, Tokyo, London and New York. The forex market remains open because of the different time zones between the various regions across the world.
A currency pair is made up of a base currency and a quote currency. The price of the base currency, which is the first currency in the forex pair, is quoted in terms of the quote currency or the second currency in the pair. For example, if you wish to trade the euro against the US dollar, the forex trading platform will display the pair with the abbreviations of their names, such as EUR/USD. Here, the euro (EUR) is the base currency while the US dollar (USD) is the quote currency. In this case, if the price is given as 1.0410, it means that you will be able to buy $1.041 for €1.
The most frequently traded forex pairs are known as major pairs. All these pairs consist of the US dollar as one of the currencies. The most popular major pairs are:· EUR/USD (euro/US dollar)· GBP/USD (Great British pound/US dollar)· USD/CHF (US dollar/Swiss franc)· USD/JPY (US dollar/Japanese yen)· AUD/USD (Australian dollar/US dollar)· NZD/USD (New Zealand dollar/ US dollar)· USD/CAD (US dollar/Canadian dollar)
Minor FX pairs are those that do not consist of the US dollar. These pairs are also called “cross-currency pairs” or “crosses.” The most popularly traded minor FX pairs include the Euro, British pound and Japanese yen. The most commonly traded minors are:· EUR/GBP (euro/Great British pound)· EUR/JPY (euro/Japanese Yen)· GBP/JPY (Great British pound/Japanese yen)· GBP/CAD (Great British pound/Canadian dollar)· CHF/JPY (Swiss franc/Japanese yen)· EUR/AUD (euro/Australian dollar)· NZD/JPY (New Zealand dollar/Japanese yen)
Forex pairs are traded in terms of specific number currency units being bought or sold. This size of the trade is known as a lot. A standard lot is 100,000 units of a currency. However, with Invaxa, you can trade micro lots as well, which is 100 units of a currency. As a beginner, you can start with smaller lots and slowly increase position sizes as you gain experience. You can also trade the forex markets on a demo account to learn the ropes before entering the live markets.
Percentage in points or pips are the smallest change in value of a forex rate. It is denoted in terms of the fourth decimal place for most currency pairs. For example, the EUR/USD rate might be 1.0410. A rise in price of one pip would take the rate to 1.0411. So, 0.0001 is the size of one pip. The only exception is the Japanese yen, which is denoted up to two decimal places alone. For example, the USD/JPY rate might rise from 136.18 to 136.19.
Swap rates for Forex, Commodities and Cryptos are charged in points per lot with the following formula:
Rollover Fee (Quote Currency) per day = Number of Lots * Contract Size * Long or Short Points (for the given day) * Point SizeExamples:- 1 lot Short on GBPUSD with account currency in USD1 * 100,000 * 0.32 * 0.00001 = $0.32
- 1 lot long on XAGUSD with account currency in USD1*5000*-0.22*0.01=-$11
- 1 lot LONG on USOIL with account Currency in USD1*1000*-4*0.001=$-4.00
- 1 lot long on BTCUSD with account currency in USD1*1*-1150.25 * 0.01 = $-11.50Note: The swaps are applied at 00:00 GMT+2 (server time) when a position is rolled over. Triple swap takes place on Wednesdays for FX and Metals.
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