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Risk warning: Your capital is at risk. We cover you with negative balance protection.
Your capital is at risk. We cover you with negative balance protection.

Forex

Major, Minor & Exotic Currency Pairs

Trading Currencies

The most common form of trading is currency trading, otherwise known as forex trading. This is the act of buying one currency while selling another at the same time. Currencies are traded in pairs and these pairs fall under three categories; Majors, Minors and Exotics.

Major Currency Pairs

The Majors are the most popular currency pairs, formed from such currencies as USD, EUR, GBP, CHF, JPY, AUD, CAD and NZD. They are most liquid trading instruments, which means traders will find the lowest spreads when trading these pairs. Examples include EUR/USD, GBP/USD, USD/JPY and AUD/USD.

Minor Currency Pairs

The Minors are pairs which mostly consist of crosses of the majors. They are less liquid than majors but are quite popular amongst traders. Examples include EUR/JPY, NZD/JPY, GBP/JPY and EUR/GBP.

Exotic Currency Pairs

The Exotic pairs are not as widely traded as the Majors and Minors as they are less liquid, making the cost of trading them higher. These currency pairs usually consist of one major currency, and a currency from a developing economy. Examples include EUR/TRY, USD/TRY, USD/MXN and USD/ZAR.

Lot Sizes

Micro lots, mini lots and standard lots are available, so depending on your experience and the kind of the trades you would like to make, you can choose the lot size that best suits you.

Below are two trading examples using 1 Standard Lot Size (or 100,000 units of the base currency).

Example #1 for EUR/USD

Initial Deposit

$1000

Leverage

1:100

Funds available for trading

$100,000

Lot Size

1

Direction

Buy

Open Price

1.18330

Close Price

1.18370

Profit

$40.00

Commission (Fee)
Swap (Fee)

-$4.73
-$6.2

Example #2 for EUR/USD

Initial Deposit

$1000

Leverage

1:100

Funds available for trading

$100,000

Lot Size

1

Direction

Buy

Open Price

1.18330

Close Price

1.18295

Loss

-$35.00

Commission (Fee)
Swap (Fee)

-$4.73
-$6.2

Flexible Leverage

Leverage is determined based on your level of knowledge and experience at the time you open a trading account. As a regulated and responsible broker that provides safe, transparent and suitable trading conditions, our flexible leverage ranges from 1:25 to 1:500.

As with any leveraged products, there is a possibility for increased losses as well as profits.

Spreads

Take advantage of our tight spreads, from 0.1 on the ECN Account (MT4) and ECN MT5, and from 1.3 on the Standard Account (MT4).

Trading Platform

At FXTM you can trade currency pairs using either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. Go to our Trading Platforms page to download the platform of your choice.

Trading Hours

You can trade whenever you want with FXTM, even if it's the middle of the night. Our trading services are available 24 hours a day, 5 days a week, and our customer support team is on hand to assist you. For full customer support hours, please visit this page.

For a full list of currency pairs FXTM offers, please see our Contract Specifications page.

To learn more about forex trading, currency pairs and spreads, visit our Short Forex Trading Videos section.