for Android
for iPhone/iPad

for Android
for iPhone/iPad

Open Real Account Open Free Demo Account
Forex Debit Card, easy access to your funds
Share |
Daily FX News on Your Mobile

What is FX?

Forex (also known as FX, foreign exchange) is the market where one currency is being exchanged for another one. The Forex market as a whole is not regulated by any particular entity or government body. Unlike stocks and futures, it is not conducted through a stock exchange. Instead, foreign exchange transactions are taking place on the open market (also known as over-the-counter market, OTC) because any two parties exchanging one currency into another, from local money exchanger to a large bank, are the participants of the FX market.
The volume of transactions taking place on the foreign exchange market is mind-blowing. Some estimates, based on the earlier surveys made by the Bank for International Settlements, mention an average daily figure of around US$3 trillion per day! (in early 2007).
The daily combined turnover of all major world stock exchanges is only around US$200 billion.

Because FX transactions do not need to be registered or reported to any particular exchange, there are many possibilities for its participants. A person willing to invest into FX has many options to choose from and can use different trading methods. Using a market maker allows you to choose the best conditions for trading, use the quotes available and enter large transactions with a minimal initial outlay. Usually you are able to buy/sell currency contracts equal to $100,000 with only $1000 used as a margin, in other words 1:100 leverage. The size and volatility of the market provides excellent opportunities for making profits, however one should always remember about the risk factor when entering the foreign exchange market.

There are 5 major currencies: USD, EUR, GBP, CHF, JPY. In the currency pair the fixed unit of currency on the left is usually called “base” and the variable currency unit on the right is called “terms” or “quoted” currency. In the pair EUR/USD, EUR is the base currency and USD is the terms one.

Profit/loss calculation:

Size of trade x (sell price - buy price) = Profit or loss

Need more information? Our education material to help you learn the basics of Forex trading is available here. You may also try our FAQ pages.

06:16 GMT   Bid Ask
GBPUSD 1.36564 1.36757
USDCHF 0.97184 0.97492
AUDUSD 0.74678 0.74823
NZDUSD 0.71085 0.71442
EURJPY 113.389 113.635
GBPJPY 139.45 140.238
XAUUSD 1318.33 1318.83
Would you like to have free live currency rates on your website?

News & Promotions

22/05/15 European Economics Preview: German Ifo Business Confidence Data Due

Business confidence and detailed quarterly national accounts from Germany and...

Read more »

Free daily FX news

Deposit funds


We have two credit card payment options. If paying via Option 1 was unsuccessful, please re-submit the form using Option 2 in the menu

I understand that does not accept third party payments. The wire can only be sent from an account under the same name as my trading account at