Forex
Trade Forex with Wealthxchange247 and enjoy competitive spreads
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Forex market (short for “foreign exchange”) is the largest and the most liquid financial market where the global currencies are traded. Forex traders purchase currencies with the intent to make money off of the difference between the buying and the selling prices.
The Forex market is the largest and most liquid market in the world, trillions of dollars are changing hands every day. There is no centralized location; rather, the Forex market is an electronic network of banks, brokers, financial institutions and individual traders (mainly trading through brokers or banks).
Experience more than Trading.
As the world’s most-traded financial market, foreign exchange presents a wealth of opportunities for those who can harness its inherent volatility.
Margins
When you trade CFDs you do so with leverage - meaning you can win, or lose, a significant amount more than your initial deposit - called your margin. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your forex trade.
| FX | RETAIL MARGIN | LEVERAGE EQUIVALENT |
| EUR/USD | 0.5% | 1:200 |
| GBP/USD | 0.5% | 1:200 |
| AUD/USD | 0.5% | 1:200 |
| EUR/JPY | 0.5% | 1:200 |
| USD/CHF | 0.5% | 1:200 |
Spreads
Your key payment for trading CFDs on forex is the spread – the difference between the buy and the sell price – our charge for executing your trade. We work to keep our spreads among the lowest in the business.
| FX | Min. spread | Av. spread2 | Av. spread3 | DMA av. spread4 |
|---|---|---|---|---|
| EUR/USD | 0.7 | 1.51 | 0.86 | 0.295 |
| GBP/USD | 0.5 | 1.26 | 0.96 | 0.242 |
| AUD/USD | 0.6 | 1.33 | 1.07 | 0.540 |
| EUR/JPY | 1.5 | 2.26 | 1.96 | 0.399 |
| USD/CHF | 0.9 | 2.38 | 1.96 | 0.677 |