Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex Currency Trading

Currency prices are constantly moving.

Trade major, minor and exotic currency pairs with a trusted,
award-winning broker.

Start Trading

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trade Currencies

Currency trading, also known as forex (foreign exchange) or FX trading, allows investors to take advantage of slight increases or decreases in a currency’s value.

Currency traders buy and sell currency pairs using a forex broker as the intermediary that facilitates the transaction between the buyer and the seller. Additionally, a reputable broker provides services to help empower their traders to make informed trading decisions. FXTM offers real-time analysis tools, expert market commentary and market-leading educational resources to support our traders as they develop their trading strategies.

Key Reasons to Trade Forex

  • Market liquidity
  • Huge choice of financial instruments
  • Low minimum deposits

Live Fx & Spot Metal Quotes

Trade Spot Metals and the Currency Market

Trading InstrumentSpread PTCurrent Price $ Bid/AskChanges
Trading InstrumentSpread PTCurrent Price $ Bid/AskChanges
Trading InstrumentSpread PTCurrent Price $ Bid/AskChanges
Trading InstrumentSpread PTCurrent Price $ Bid/AskChanges
Start Trading

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What is Currency Trading?

Investors always trade currencies in pairs, with the first currency to come in the pair called the base currency and the second called the quote currency. Forex traders simultaneously buy one currency in the pair and sell the other, according to how they think the currencies’ values will change in relation to each other. See our forex trading for beginners guide for a more detailed explanation.

Currency values are affected by a vast number of fundamental factors that impact the health of that nation’s economy, such as inflation and interest rates, government debt levels and political stability. Typically, forex investors find the greatest volatility before and after key economic or political announcements as traders speculate on their potential impact.

In currency trading, pairs are split into three categories. Major currency pairs are the most traded pairs in the forex industry and therefore enjoy the most liquidity. Many include the US dollar as one half of the pair like the EUR/USD and the USD/JPY. Other commonly traded pairs include the EUR/JPY and the EUR/GBP.

The minor currency pairs are the less popular combinations that still contain major currencies. They are also sometimes called 'Crosses'. Examples include the EUR/NZD and the AUD/CHF.

Exotic currency pairs are not as widely traded as the majors or the minors. They are made up of a major currency pair coupled with the currency of a developing economy. Some examples that FXTM offers include the USD/TRY and the EUR/PLN.

Why Trade Forex with FXTM?

Free Educational Resources

Free Educational Resources

At FXTM, we believe that successful traders are educated traders. Learn how to trade FX with our educational articles and forex videos.

Exclusive Webinars & Seminar

Exclusive Webinars & Seminars

Multilingual webinars give traders the opportunity to learn from home. We also host forex trading seminars and workshops in major cities around the world.

Globally Regulated & Licensed

Globally Regulated & Licensed

The FXTM brand is regulated and licensed under CySEC in Cyprus and by South Africa’s FSCA, the UK’s FCA, and the FSC of the Republic of Mauritius, among others.

Award-Winning Customer Service

Award-Winning Customer Service

Dedicated customer support teams are available in over 30 languages over a huge range of contact options (including Viber, Telegram and Live Chat).

Trading Platforms

trading-platforms

FXTM offers the industry’s most popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can download the software directly to your PC or Mac or use WebTrader instantly on your browser. See our guide to MT4 vs MT5 for more information on which version could be right for you.

FXTM also offers mobile trading. Download our currency trading app FXTM Trader for Android or iOS to open, close or modify positions on the go. Mobile trading allows you to react quickly to sudden market movements wherever you are.

Trading Currencies Basics

Leverage

Leverage increases your buying power. At FXTM we offer fixed leverage based on the trading instrument (up to 1:30). Don’t forget that using leverage increases your potential losses as well as potential profits.

Spreads

Take advantage of tight spreads. The spread is the difference between the buy and sell prices and represents the cost of making the trade. At FXTM spreads start from 1.6 pips on the Standard MT4 trading account and from 0.1 pips on the ECN MT4 and ECN MT5 trading accounts.

Trading Hours

You can trade currencies with FXTM whenever is convenient for you. Our trading services are available 24 hours a day, 5 days a week. The nature of this international, decentralised online marketplace means that there’s often plenty of action even when domestic markets have closed.

Lot Sizes

Lots describe the number of currency units you are trading in one transaction. At FXTM, micro, mini and standard lots are available (depending on account type) so you have the flexibility to choose how you want to trade. Your experience and the kinds of trades you wish to make will inform which lot size will best suit you.


Example: buy 1 lot EUR/USD

Deposit: $10,000

Open Price: 1.15683

Close Price: 1.15974

Notional Value ($) = Volume * Contract Size * Open Price = 1 * 100,000 * 1.15683 = $115,683

Profit = (Close Price - Open Price) * Volume * Contract Size = (1.15974 - 1.15683) * 1 * 100,000 = $291

Costs

Swap = Volume * Swap Rate * Pip Value * Number of nights = 1 * -1.15 * 10 * 1 = -$11.5

Commission = (Volume * Contract Size * Open Price) / 1,000,000 * Commission * 2 = (1 * 100,000 * 1.15683) / 1,000,000 * -20 * 2 = -$4.63

Cumulative Costs = Swap + Commission = -$11.50 - $4.63 = -$16.13

Cumulative Costs (%) = (Cumulative Costs / Notional Value) * 100 = (16.13 / 115,683) * 100 = 0.0139%

Cumulative Effect of Costs on Return (without fees) = (Profit / Deposit) * 100 = (291 / 10,000) * 100 = 2.91%

Cumulative Effect of Costs on Return (with fees) = (Profit - Cumulative Costs / Deposit) * 100 = (291 - 11.50 - 4.63 / 10,000 ) * 100 = 2.75%

Reduction of profit = 2.91% - 2.75% = 0.16%

 

Example: buy 1 lot EUR/USD

Deposit: $10,000

Open Price: 1.15683

Close Price: 1.15451

Notional Value ($) = Volume * Contract Size * Open Price = 1 * 100,000 * 1.15683 = $115,683

Profit: (Close Price - Open Price) * Volume * Contract Size = (1.15451 - 1.15683) * 1 * 100,000 = -$232

Costs

Swap = Volume * Swap Rate * Pip Value * Number of nights = 1 * -1.15 * 10 * 1 = -$11.5

Commission = (Volume * Contract Size * Open Price) / 1,000,000 * Commission * 2 = (1 * 100,000 * 1.15683) / 1,000,000 * -20 * 2 = -$4.63

Cumulative Costs = Swap + Commission = -$11.50 - $4.63 = -$16.13

Cumulative Costs (%) = (Cumulative Costs / Notional Value) * 100 = (16.13 / 115,683) * 100 = 0.0139%

Cumulative Effect of Costs on Return (without fees) = (Profit / Deposit) * 100 = (-232 / 10,000) * 100 = -2.32%

Cumulative Effect of Costs on Return (with fees) = (Profit - Cumulative Costs / Deposit) * 100 = (-232 - 11.50 - 4.63 / 10,000 ) * 100 = -2.48%

Reduction of profit = 2.48% - 2.32% = 0.16%

*For FXTM Invest, the Strategy Profit Share represents a percentage of the profits that will be awarded to the Strategy Manager for his/her positive performance. Example: If the above example refers to a profitable trade in FXTM Invest, and the Strategy Manager sets a performance fee of 20%, then the Client’s net profit would amount to: (Net Profit) - (Net Profit * 20% Manager fee) = (291 - 16.13) - (274.87 * 20%) = $219.90.

**Such estimations are based on assumptions and may deviate from costs and charges that will actually be incurred. Swaps and table-accordion commissions may be subject to change. For more information please refer to our contract specifications and table-accordion commissions pages. Transaction costs and fees incurred in currencies other than the currency of the account are converted on a real-time basis in MetaTrader, at no additional cost to the client.

Start Trading

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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