Take advantage of forex volatility. Trade 60+ currency pairs with razor sharp pricing, low spreads and top tier liquidity. Start trading Forex now.
Why trade Forex with platforms?
ECN sharp pricing from multiple Tier 1 banks with consistently competitive spreads.
We offer 500:1 leverage.1 Place stop loss orders for risk management with no restrictions.
Top tier liquidity. Get all of your FX trades filled in full, with no partial execution or requotes on market orders.
Get 99.88 % fill rate *, fast execution and no dealing desk intervention.
Award-winning customer support, available 24hours 5 days per week, and 18hours a day on weekends.**
Forex spreads and all available pairs
Our spreads are some of the best in the market. We offer 60+ currency pairs so you can take advantage of all of the world's major markets. See our full list of currency pairs, spreads and margins across our CFD accounts.
How does forex trading work?
When you trade the FX markets with platforms, you trade using CFD products. Contracts For Difference (CFDs) enable you to take advantage of price movements in an underlying asset, for example EURUSD, without needing to physically hold the currency you are buying or selling. All currency pair trades involve the buying or selling of one currency priced in another. There is a base currency and a quote currency.
Learn how to trade Forex by opening a free demo account today.
Let's say some major economic news was released and you thought the US dollar was going to weaken in response. You think the US dollar will depreciate against the Australian dollar, meaning it'll take more US dollars in future to purchase the same amount of Australian dollars. You decide to go long or buy AUDUSD. Here you are simultaneously buying the base currency, AUD, and selling the quote currency, USD.
Now, the FX markets seem to agree with you and the value of AUDUSD increases significantly from the price you originally bought at. You've made a profit and can lock it in at your desired level using a take profit order.
With our trading platforms, you can lock in profits automatically. Simply set your targets and let the markets do the work for you. If your trades don’t go your way, set a stop loss order to restrict your losses and manage your risk like a professional trader.
The advantage of forex CFD trading is that you can take an opposing view with ease. If you thought the same economic release would prove positive for the US dollar, you could just as easily sell or go short EURUSD - simultaneously selling the Euro and buying the US dollar. The major players in the market agree with you and push down the price of EURUSD, and you could make a profit from a fall in the value of EURUSD.
Remember, CFD trading is risky. Just as the markets could agree with your point of view, the price of an instrument may move in a direction which results in a losing trade. In the example above, we noted a depreciation in EURUSD, but it could just as easily appreciate as a result of other factors in the market. Managing risk appropriately is an important aspect of trading volatile instruments like FX.
Typically, you’d need 100,000 units of any base currency to open a standard trade in the underlying foreign exchange market. But with the benefits of leverage, you can trade this same amount with as little as 200 units of base currency. Forex CFD trading allows you to increase your exposure to highly liquid financial markets without excessive capital requirements. At platforms, you can open trades with notional values as low as 1000 units (0.01 lots) of base currency.
If you’re holding a currency pair overnight, you’ll also pay or benefit from differential interest rates between countries, also known as Swap Rates. If relative interest rates are significantly higher in the US relative to Australia and you’re holding US dollars, then you’d typically receive a Swap benefit for holding this position. Conversely, if you’re holding Australian dollars against US dollars, then you’d receive a Swap charge to service this position, since in theory you’d have earned a higher interest rate had you been holding US dollars instead of Australian dollars.
Forex trading platforms
We offer three powerful trading platforms which you can use to analyse the FX market. platforms’s industry leading MT4, MT5 and cTrader platforms are available on PC, web and mobile. Set up your trading strategies and EAs plus conduct technical analysis on the PC and web versions with our Smart Trader Tools. Trade at any time, anywhere with our mobile versions while taking advantage of major news in the markets when you’re on the go.
MT4 platform is known for its ease of use amongst FX traders and is highly-rated by EA traders for its ease of EA development and implementation. Connect to social trading services and signal providers to follow strategies of successful traders.