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FX OVERVIEW

** Graphs are for illustrative purposes only and are not live tradeable prices**
A colossal market in terms of daily turnover (around 5 Trillion per day), the Forex market is the epitome of trading opportunities. With CFI, you can trade dozens of currency pairs against other, 24 hours per day, 5 days per week and with the use of leverage. The Forex market, also known as the FX market, has witnessed astronomical growth over the past 20 years, boosted by its low barriers for entry, availability of leverage and the fact that it literally never sleeps and operates 24 hours every day from Sunday evening till Friday evening.
What is Forex? Well, Forex is simply the exchange of one currency to another. In other words, imagine you have some US Dollars and you believe the Euro is likely to appreciate against the Dollar due to a variety of reasons which could be economic, geopolitical or seasonal in nature. You simply exchange your US Dollars for Euros and if the currency does indeed appreciate, you will sell it back and receive more Dollars than you initially had. Now imagine doing the above online, on an easy to use platform, employing leverage to magnify your exposure and doing this anytime of the day without any interruptions or the need for a middle man between you and your provider. It’s easy to envision the vast array of opportunities which could arise.
With our state-of-the-art platform, we made this process even easier. All you need to do is pick a currency pair (EUR/USD for example) and buy if you think the Euro will appreciate against the Dollar or sell it (go short) if you believe the opposite will happen. Don’t worry, you can practice as much as you’d like when you start demo trading with virtual funds. Note: Leverage may increase risks of losing money.
Spreads
The Spread is the difference between the ‘bid price’ and the ‘offer price’ The bid price is where the investor can sell a position and the offer price is where the investor can buy a position. Given that markets are all about supply and demand, the more traded a product is, the smaller the spread between the buying and selling price. In contrast, a less liquid instrument could see a wide spread as not enough people are buying or selling it.
At CFI, we are connected to several liquidity providers and exchanges and offering competitive spreads is something we take very seriously. We are constantly working to provide even lower spreads and with recent advances in technology and deep enough liquidity, our efforts continue to translate into reality.
InstrumentStandardPremium/Premium Plus
EUR/USD1.70.0
GBP/USD1.90.3
USD/CHF2.00.3
USD/JPY1.90.2
AUD/USD2.00.3
NZD/USD1.90.4
USD/CAD2.20.4
Competitive swaps
Swaps, also known as rollovers, are interest rate amounts charged or earned for holding a buy or sell position overnight. The calculation takes into consideration the interest rate differential between two currencies (each currency has its own interest rate).
Swaps are also applicable on Indices and vary for several reasons, including overnight interest rates.
A quick example, selling Euro against the Canadian Dollar would earn you interest every night for holding the position. This is explained by the fact that the interest on the Euro is less than the interest on the Canadian Dollar. By selling Euro, you’d have to pay a certain amount while simultaneously buying the Canadian Dollar would earn you more than you are paying for selling the Euro; the end result is interest earned on a daily basis. Swap free accounts are also available.
SymbolSwap (Long)Swap (Short)
AUDUSD-1.52-0.69
AUDCAD-1.58-1.44
AUDCHF0.41-2.9
AUDJPY-0.72-1.73
AUDNZD-3.31-0.14
CADCHF0.7-3.23
CADJPY-0.14-2.07
CHFJPY-4.610.51
EURUSD-4.670.96
EURAUD-4.690.2
EURCAD-5.510.63
EURCHF0.06-3.17
EURGBP-3.740.51
EURJPY-3.31-0.14
EURNZD-7.391.41
EURMXN-496.98199.08
EURTRY-777.6-0.65
GBPUSD-2.15-1.34
GBPAUD-1.44-3.74
GBPCAD-2.02-2.88
GBPCHF1.36-6.21
GBPJPY-0.58-3.46
GBPNZD-2.88-2.59
NZDCHF0.88-3.73
NZDJPY-0.14-2.3
NZDCAD-0.86-1.87
NZDUSD-1.01-1.15
USDJPY-0.4-2.24
USDCAD-1.38-2.07
USDCHF1.48-5.24
USDDKK7.34-17.56
USDNOK-67.682.24
USDSEK-6.9-20.7
USDSGD-4.03-5.47
USDTRY-507.673.6
USDMXN-422.497.2
USDRUB-1104.77632.4
USDZAR-388.888.32
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*If you’re new to CFD trading, we recommend starting out with our free DEMO account
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