Forex
Forex stands for “foreign exchange “which is the indication of each currency’s price as opposed to other currencies. It is the most liquid market in the universe with more than four trillion dollars being circulated each day between investors, banks, traders , speculators , and other economic entities .
Major forex pairs are those that are mostly traded by the market, they are about 85% of all the traded pairs. The majors are: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD.
Cross pairs are those that do not include USD neither as a base nor as a counter currency.
Their less liquidity leads to a higher spread (difference between buy and sell prices) for those pairs, example: GBP/NZD, EUR/CAD, ….
COMPETITIVE SPREADS
| Product | Symbol | Exchange | Product margin | Minimum spread (pips) | Average spread (pips) | Typical spread (pips) | Trading hours |
|---|---|---|---|---|---|---|---|
| AUD/CAD | AUDCAD | N/A | 0.2% | 2.4 | 2.5 | 2.4 | Monday 00:01 - Friday 23:58 |
| AUD/CHF | AUDCHF | N/A | 0.2% | 2.2 | 2.2 | 2.2 | Monday 00:01 - Friday 23:58 |
| AUD/JPY | AUDJPY | N/A | 0.2% | 1.7 | 1.872 | 1.7 | Monday 00:01 - Friday 23:58 |
| AUD/NOK | AUDNOK | N/A | 0.2% | 2.1 | 3.43 | 3 | Monday 00:01 - Friday 23:58 |
| AUD/NZD | AUDNZD | N/A | 0.2% | 4.2 | 4.3 | 4.2 | Monday 00:01 - Friday 23:58 |
| AUD/PLN | AUDPLN | N/A | 0.2% | 1 | Not Available | Not Available | Monday 00:01 - Friday 23:58 |
| AUD/SEK | AUDSEK | N/A | 0.2% | 2.2 | Not Available | Not Available | Monday 00:01 - Friday 23:58 |
| AUD/SGD | AUDSGD | N/A | 0.2% | 3.5 | 3.7 | 3.5 | Monday 00:01 - Friday 23:58 |
| AUD/USD | AUDUSD | N/A | 0.2% | 1.2 | 1.2 | 1.2 | Monday 00:01 - Friday 23:58 |
| CAD/CHF | CADCHF | N/A | 0.2% | 2.4 | 2.5 | 2.4 | Monday 00:01 - Friday 23:58 |
| CAD/JPY | CADJPY | N/A | 0.2% | 2 | 2.199 | 2 | Monday 00:01 - Friday 23:58 |
| CAD/SGD | CADSGD | N/A | 0.2% | 3.5 | 3.8 | 3.5 | Monday 00:01 - Friday 23:58 |
| CHF/JPY | CHFJPY | N/A | 0.2% | 2.8 | 3.161 | 2.8 | Monday 00:01 - Friday 23:58 |
| CHF/SEK | CHFSEK | N/A | 0.2% | 29 | 29 | 29 | Monday 00:01 - Friday 23:58 |
| CHF/SGD | CHFSGD | N/A | 0.2% | 3.5 | 3.6 | 3.5 | Monday 00:01 - Friday 23:58 |
| EUR/AUD | EURAUD | N/A | 1% | 2.5 | 2.7 | 2.5 | Monday 00:01 - Friday 23:58 |
| EUR/CAD | EURCAD | N/A | 0.2% | 3 | 3.2 | 3 | Monday 00:01 - Friday 23:58 |
| EUR/CHF | EURCHF | N/A | 0.2% | 2.8 | 2.9 | 2.8 | Monday 00:01 - Friday 23:58 |
| EUR/CZK | EURCZK | N/A | 0.2% | 102 | 102 | 102 | Monday 00:01 - Friday 23:58 |
| EUR/GBP | EURGBP | N/A | 0.2% | 1.4 | 1.5 | 1.4 | Monday 00:01 - Friday 23:58 |
| EUR/HUF | EURHUF | N/A | 0.2% | 131 | 131 | 131 | Monday 00:01 - Friday 23:58 |
| EUR/JPY | EURJPY | N/A | 0.2% | 1.8 | 1.921 | 1.8 | Monday 00:01 - Friday 23:58 |
| EUR/NOK | EURNOK | N/A | 0.2% | 60 | 60 | 60 | Monday 00:01 - Friday 23:58 |
| EUR/NZD | EURNZD | N/A | 0.2% | 5.6 | 5.8 | 5.6 | Monday 00:01 - Friday 23:58 |
| EUR/PLN | EUR/RON | N/A | 0.2% | 1 | Not Available | Not Available | Monday 00:01 - Friday 23:58 |
| EUR/PLN | EURPLN | N/A | 0.2% | 25 | 25 | 25 | Monday 00:01 - Friday 23:58 |
| EUR/RUB | EURRUB | N/A | 0.2% | 109 | 109 | 109 | Monday 00:01 - Friday 23:58 |
| EUR/SEK | EURSEK | N/A | 0.2% | 90 | 90 | 90 | Monday 00:01 - Friday 23:58 |
| EUR/SGD | EURSGD | N/A | 0.2% | 3.5 | 3.8 | 3.5 | Monday 00:01 - Friday 23:58 |
| EUR/TRY | EURTRY | N/A | 0.2% | 70 | 70 | 70 | Monday 00:01 - Friday 23:58 |
| EUR/USD | EURUSD | N/A | 0.2% | 1 | 1.1 | 1 | Monday 00:01 - Friday 23:58 |
| EUR/ZAR | EURZAR | N/A | 0.2% | 88 | 116.5 | 88 | Monday 00:01 - Friday 23:58 |
| GBP/AUD | GBPAUD | N/A | 0.2% | 2.4 | 2.6 | 2.4 | Monday 00:01 - Friday 23:58 |
| GBP/CAD | GBPCAD | N/A | 0.2% | 4 | 4.2 | 4 | Monday 00:01 - Friday 23:58 |
| GBP/CHF | GBPCHF | N/A | 0.2% | 3.3 | 3.5 | 3.3 | Monday 00:01 - Friday 23:58 |
| GBP/CZK | GBPCZK | N/A | 0.2% | 4 | Not Available | Not Available | Monday 00:01 - Friday 23:58 |
| GBP/HUF | GBPHUF | N/A | 0.2% | 24.9 | 28.688 | 24.9 | Monday 00:01 - Friday 23:58 |
| GBP/JPY | GBPJPY | N/A | 0.2% | 2.8 | 3.094 | 2.8 | Monday 00:01 - Friday 23:58 |
| GBP/MXN | GBPMXN | N/A | 0.2% | 193 | 193 | 193 | Monday 00:01 - Friday 23:58 |
| GBP/NOK | GBPNOK | N/A | 0.2% | 23.2 | 31.8 | 24 | Monday 00:01 - Friday 23:58 |
| GBP/NZD | GBPNZD | N/A | 0.2% | 6.1 | 6.4 | 6.1 | Monday 00:01 - Friday 23:58 |
| GBP/PLN | GBPPLN | N/A | 0.2% | 1.5 | Not Available | Not Available | Monday 00:01 - Friday 23:58 |
| GBP/SEK | GBPSEK | N/A | 0.2% | 20.5 | 36 | 27 | Monday 00:01 - Friday 23:58 |
| GBP/SGD | GBPSGD | N/A | 0.2% | 3.8 | 3.8 | 3.8 | Monday 08:00 - Saturday 07:00 |
| GBP/TRY | GBPTRY | N/A | 0.2% | 24.3 | 90.9 | 42.1 | Monday 00:01 - Friday 23:58 |
| GBP/USD | GBPUSD | N/A | 0.2% | 1.4 | 1.6 | 1.4 | Monday 00:01 - Friday 23:58 |
| MXN/JPY | MXNJPY | N/A | 0.2% | 198 | 198 | 198 | Monday 00:01 - Friday 23:58 |
| NOK/JPY | NOKJPY | N/A | 0.2% | 232 | 232 | 232 | Monday 00:01 - Friday 23:58 |
| NOK/SEK | NOKSEK | N/A | 0.2% | 3.3 | 4.5 | 3.3 | Monday 00:01 - Friday 23:58 |
| NZD/CAD | NZDCAD | N/A | 0.2% | 3.9 | 4 | 3.9 | Monday 00:01 - Friday 23:58 |
| NZD/CHF | NZDCHF | N/A | 0.2% | 3.1 | 3.1 | 3.1 | Monday 00:01 - Friday 23:58 |
| NZD/JPY | NZDJPY | N/A | 0.2% | 3 | 3.148 | 3 | Monday 00:01 - Friday 23:58 |
| NZD/USD | NZDUSD | N/A | 0.2% | 2.3 | 2.3 | 2.3 | Monday 00:01 - Friday 23:58 |
| SGD/JPY | SGDJPY | N/A | 0.2% | 1.7 | 1.925 | 1.8 | Monday 00:01 - Friday 23:58 |
| TRY/JPY | TRYJPY | N/A | 0.2% | 2 | 2.281 | 2 | Monday 00:01 - Friday 23:58 |
| USD/CAD | USDCAD | N/A | 0.2% | 2 | 2.1 | 2 | Monday 00:01 - Friday 23:58 |
| USD/CHF | USDCHF | N/A | 0.2% | 1.8 | 1.8 | 1.8 | Monday 00:01 - Friday 23:58 |
| USD/CNH | USDCNH | N/A | 0.2% | 13 | 16.1 | 16 | Monday 00:01 - Friday 23:58 |
| USD/CZK | USDCZK | N/A | 0.2% | 79 | 79 | 79 | Monday 00:01 - Friday 23:58 |
| USD/HKD | USDHKD | N/A | 0.2% | 13 | 13.6 | 13 | Monday 00:01 - Friday 23:58 |
| USD/HUF | USDHUF | N/A | 0.2% | 11.7 | 13.735 | 11.7 | Monday 00:01 - Friday 23:58 |
| USD/JPY | USDJPY | N/A | 0.2% | 1.2 | 1.346 | 1.2 | Monday 00:01 - Friday 23:58 |
| USD/MXN | USDMXN | N/A | 0.2% | 78 | 79.9 | 78 | Monday 00:001 – Friday 23:58 |
| USD/NOK | USDNOK | N/A | 0.2% | 28 | 28 | 28 | Monday 00:01 - Friday 23:58 |
| USD/PLN | USDPLN | N/A | 0.2% | 23 | 23 | 23 | Monday 00:01 - Friday 23:58 |
| USD/RON | USDRON | N/A | 0.2% | 1 | Not Available | Not Available | Monday 00:01 - Friday 23:58 |
| USD/RUB | USDRUB | N/A | 0.2% | 150 | 150 | 150 | Monday 00:01 - Friday 23:58 |
| USD/SEK | USDSEK | N/A | 0.2% | 33 | 33 | 33 | Monday 00:01 - Friday 23:58 |
| USD/SGD | USDSGD | N/A | 0.2% | 3.3 | 3.3 | 3.3 | Monday 00:01 - Friday 23:58 |
| USD/THB | USDTHB | N/A | 0.2% | 40 | 40.23 | 40 | Monday 00:01 - Friday 23:58 |
| USD/TRY | USDTRY | N/A | 0.2% | 18 | 37.2 | 18 | Monday 00:01 - Friday 23:58 |
| USD/ZAR | USDZAR | N/A | 0.2% | 88 | 113.1 | 88 | Monday 00:01 - Friday 23:58 |
| USDCNY | USDCNY | N/A | 0.2% | 1.2 | Not Available | Not Available | Monday 00:01 - Friday 23:58 |
| ZAR/JPY | ZARJPY | N/A | 0.2% | 10.5 | 11.68 | 10.5 | Monday 00:01 - Friday 23:58 |
Please note that all our spreads are variable and dependent on the underlying market prices. In normal conditions we can usually offer our ‘minimum’ spread but these will increase when the underlying market spread widens. Market prices can widen at illiquid times of the day or when major news or economic data is released.
The ‘minimum’ spread shows the tightest spread available for any given product. The ‘average’ and ‘typical’ spread shows the average (mean) and the most common (mode) respectively in a 24 hour period. These are updated for the last trading day of each month.
