Trade in the Forex market
Buy and sell major, minor or exotic currency pairs
Trading is risky
TRADE FROM
0.4 PIPS SPREAD
TRADE FROM
$0 COMMISSION
UP TO
1:UNLIMITED LEVERAGE
70+
CURRENCY PAIRS
TRADE FROM
0.4 PIPS SPREAD
TRADE FROM
$0 COMMISSION
UP TO
1:UNLIMITED LEVERAGE
70+
CURRENCY PAIRS
TRADE FROM
0.4 PIPS SPREAD
TRADE FROM
$0 COMMISSION
UP TO
1:UNLIMITED LEVERAGE
70+
CURRENCY PAIRS
Trade 70+ currency pairs in the Forex market
Go long or short the majors, minors and exotics
Bid
Ask
Spread
*The prices on this page are indicative. Prices for instruments with lower liquidity such as but not limited to exotic currency pairs, stocks and indices are not refreshed as often as commonly traded instruments. Please check inside your MT4/MT5 platform for latest live prices
What is the Forex market?
The Forex market, or the foreign exchange market, is a global marketplace for exchanging national currencies. It stands as the world's largest and most liquid market with an average daily trading volume of $7.5 trillion.
The Forex market is open 24 hours a day, 5 days per week and is split into 3 major trading sessions. Offering unparalleled opportunities and access to traders across the globe.
Forex trading primarily happens over a decentralised electronic banking network and plays a crucial role in the global economy. Serving as an essential medium to facilitate international trade and investments.
How Forex trading works
Forex trading involves the simultaneous buying of one currency and selling of another. For example, if you believe that the value of the Euro will rise against the US Dollar due to strong economic growth in the EU, you might choose to buy the EUR/USD currency pair.
Bid and ask prices
Go long or short
Forex is traded in lots
Forex trading involves leverage and margin
Forex trading example
You decide to buy 0.1 lots of EURUSD at 1.0800 using 200:1 Leverage. The two currencies involved in the trade are the EUR and the USD.
EUR 10,000
EUR 1 = USD 1.0800
EUR 10,000 x 1.0800 = USD 10,80
USD 10,800 / 200 = USD 54
Now you have opened a EUR 10,000 long position in the EURUSD by simultaneously selling USD 10,800. Since forex is traded using leverage, only $54 was used as margin from your trading account. After some time, the rate of exchange between the EURUSD moves and you decide to sell.
Scenario 1
The exchange rate moves up from EURUSD 1.0800 to 1.0850.
This is how the profit or loss on the trade would be calculated.
P/L = ((Current exchange rate - Initial exchange rate)
x Position value) / Current exchange rate
P/L = ((1.0850 - 1.0800) x 10,000) / 1.0850
P/L = (0.0050 x 10,000) / 1.0850
P/L = 46.08 USD
Scenario 2
The exchange rate moves down from EURUSD 1.0800 to 1.0750.
This is how the profit or loss on the trade would be calculated.
P/L = ((Current exchange rate - Initial exchange rate)
x Position value) / Current exchange rate
P/L = ((1.0750 - 1.0800) x 10,000) / 1.0750
P/L = (0.0050 x 10,000) / 1.0750
P/L = -46.51 USD
Great value trading with a premium service
This is why people like you choose TIOmarkets
Spreads from 0.4 pips
Our aggregated liquidity keeps spreads low, most of the time
Zero commission
Trade from $0 per lot on our VIP Black or spread-only trading accounts
Low starting amount
Open your account from just $20 to start trading
24/7 customer support
We are here to help, with 3 seconds average response time on live chat
Fast order execution
Trades are executed in milliseconds, with low slippage, most of the time
300+ Symbols
Trade forex, stocks, indices and commodity markets from anywhere, anytime
Reliable platforms
Trade global financial markets on the MT4 & MT5 desktop or mobile trading platforms
Micro lot trading
Trade from $0.10 per pip, ideal for small accounts and to better manage your risk
Metatrader 4
MT4 was designed and developed for forex and futures trading. To enable traders to analyze and trade financial markets, back test trading strategies, develop trading robots and copy other traders.
Metatrader 5
MT5 is a multi-asset trading platform that includes everything you will find in MT4. Plus more capabilities and technical analysis tools than its predecessor. Including more order types and a built-in economic calendar.
Getting started is quick and simple
It only takes a few minutes, this is how it works
Open Account
Complete your profile and create your account
Fund
Deposit instantly with our convenient funding methods
Trade
Log in to the trading platform and place your trade
Trading is risky
Learn more about trading with TIOmarkets
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