Why Trading
Forex
Uniglobe Markets offers you to access worldwide and Major currency pairs ensuring you to keep up-to-date with the latest products, trading tools and platforms.
24-Hour Market
Flexible Leverage
High Liquidity
No Commisssion
FX or Forex describes the Foreign Exchange Market, a marketplace where the world’s various currencies are traded. Its huge volume and fluidity made the Forex market the largest and most significant financial market in the world, with well over $4 trillion traded daily which is almost 10 times larger than the stock market. Due to the fact that forex currency trading has no centralised marketplace, currencies can be traded in whatever market is open at any given time, creating a great opportunity for traders to buy and sell currencies around the clock 24 hours a day, 5 days a week with the exception of weekends.
Forex Trading Example
Selling EUR/USD
Leverage 1:300
Opening the Position
Opening price of the EURO against the US Dollar (EUR/USD) is 1.25412
You decide to sell 1 standard lot (the equivalent of $100,000) at 1.25412.
Margin required to open the position is USD $125,412/300 = USD $418.04.
Closing the Position
Closing price of the EURO against the US Dollar (EUR/USD) is 1.24323
One week later the EURO has fallen against the US Dollar to 1.24323, you decide to take your profit by closing your selling position.
Market movement = 1.25412 – 1.24323 = 1089 points =108.9 pips
1 pip of EUR/USD (per 1 lot) = $10
Gross profit on Trade = USD $10*108.9 = USD $ 1,089
Forex pairs specifications
| Symbol | Description | Digits | Contract Size | Typical spread | Leverage (up to) |
Swap Long | Swap Short | Trading Hours open (Monday) |
Close (Friday) |
|---|---|---|---|---|---|---|---|---|---|
| AUDCAD | Australian Dollar vs Canadian Dollar | 5 | 100000 | 1.9 | 200 | -3.9 | -2.1 | 0:00:00 | 23:59:59 |
| AUDCHF | Australian Dollar vs Swiss Franc | 5 | 100000 | 1.8 | 200 | -4.4 | -0.3 | 00:00:00 | 23:59:59 |
| AUDJPY | Australian Dollar vs Japanese Yen | 3 | 100000 | 1.8 | 200 | -4.3 | 0 | 00:00:00 | 23:59:59 |
| AUDNZD | Australian Dollar vs New Zealand Dollar | 5 | 100000 | 1.9 | 200 | -2 | -6 | 00:00:00 | 23:59:59 |
| CADCHF | Canadian Dollar vs Swiss Franc | 5 | 100000 | 2 | 200 | -4 | -2 | 00:00:00 | 23:59:59 |
| CADJPY | Canadian Dollar vs Japanese Yen | 3 | 100000 | 1.7 | 200 | -5.5 | -2 | 00:00:00 | 23:59:59 |
| CHFJPY | Swiss Frank vs Japanese Yen | 3 | 100000 | 2 | 200 | -1.7 | -6 | 00:00:00 | 23:59:59 |
| EURAUD | Euro vs Australian Dollar | 5 | 100000 | 1.7 | 200 | -2.8 | -11 | 00:00:00 | 23:59:59 |
| EURCAD | Euro vs Canadian Dollar | 5 | 100000 | 1.9 | 200 | -2 | -9.8 | 00:00:00 | 23:59:59 |
| EURCHF | Euro vs Swiss Franc | 5 | 100000 | 1.8 | 200 | -3 | -2.7 | 00:00:00 | 23:59:59 |
| EURGBP | Euro vs Great Britain Pound | 5 | 100000 | 1.8 | 200 | -0.9 | -4 | 00:00:00 | 23:59:59 |
| EURUSD | Euro vs US Dollar | 5 | 100000 | 0.8 | 200 | -0.7 | -9.7 | 00:00:00 | 23:59:59 |
| EURJPY | Euro vs Japanese Yen | 3 | 100000 | 1.3 | 200 | -2.3 | -4.7 | 00:00:00 | 23:59:59 |
| EURNZD | Euro vs New Zealand Dollar | 5 | 100000 | 0.9 | 200 | -1.8 | -9.7 | 00:00:00 | 23:59:59 |
| GBPAUD | Great Britain Pound vs Australian Dollar | 5 | 100000 | 1.9 | 200 | -3.4 | -7.7 | 00:00:00 | 23:59:59 |
| GBPCAD | Great Britain Pound vs Canadian Dollar | 5 | 100000 | 2.5 | 200 | -3.4 | -8 | 00:00:00 | 23:59:59 |
| GBPCHF | Great Britain Pound vs Swiss Franc | 5 | 100000 | 1.9 | 200 | -6 | -0.7 | 00:00:00 | 23:59:59 |
| GBPJPY | Great Britain Pound vs Japanese Yen | 3 | 100000 | 2.1 | 200 | -5 | -4 | 00:00:00 | 23:59:59 |
| GBPNZD | Great Britain Pound vs New Zealand Dollar | 5 | 100000 | 2.5 | 200 | -2.1 | -10.6 | 00:00:00 | 23:59:59 |
| NZDCAD | New Zealand Dollar vs Canadian Dollar | 5 | 100000 | 1.9 | 200 | -4 | -1.8 | 00:00:00 | 23:59:59 |
| NZDCHF | New Zealand Dollar vs Swiss Franc | 5 | 100000 | 1.9 | 200 | -6 | -0.2 | 00:00:00 | 23:59:59 |
| NZDJPY | New Zealand Dollar vs Japanese Yen | 3 | 100000 | 2.1 | 200 | -6.7 | -1.08 | 00:00:00 | 23:59:59 |
| USDMXN | US Dollar - Mexican Peso | 5 | 100000 | 44 | 200 | 125 | -510 | 00:00:00 | 23:59:59 |
| USDNOK | US Dollar vs Norwegian Krone | 5 | 100000 | 21.5 | 200 | -39.4 | -19.5 | 00:00:00 | 23:59:59 |
| USDPLN | US Dollar vs Polish Zloty | 5 | 100000 | 16 | 200 | -24.5 | -17.5 | 00:00:00 | 23:59:59 |
| USDSEK | US Dollar - Swedish Krona | 5 | 100000 | 16.5 | 200 | -37 | -34.8 | 00:00:00 | 23:59:59 |
| USDZAR | US Dollar vs South African Rand | 4 | 100000 | 62 | 200 | 52 | -306.4 | 00:00:00 | 23:59:59 |
| AUDUSD | Australian Dollar vs US Dollar | 5 | 100000 | 0.9 | 200 | -1.3 | -2 | 00:00:00 | 23:59:59 |
| GBPUSD | Great Britain Pound vs US Dollar | 5 | 100000 | 0.7 | 200 | -2.2 | -8 | 00:00:00 | 23:59:59 |
| NZDUSD | New Zealand Dollar vs US Dollar | 5 | 100000 | 0.7 | 200 | -2.3 | -1 | 00:00:00 | 23:59:59 |
| USDCAD | US Dollar vs Canadian Dollar | 5 | 100000 | 0.9 | 200 | -5 | -4 | 00:00:00 | 23:59:59 |
| USDCHF | US Dollar vs Swiss Franc | 5 | 100000 | 1.2 | 200 | -5 | -0.7 | 01:00:00 | 23:59:59 |
| USDJPY | US Dollar vs Japanese Yen | 3 | 100000 | 0.9 | 200 | -8.9 | -2 | 01:00:00 | 23:59:59 |
| USDHKD | US Dollar - Hong Knog Dollar | 5 | 100000 | 5.8 | 200 | -21.3 | -28 | 00:00:00 | 23:59:59 |
| USDHUF | US Dollar - Hungarian Forint | 3 | 100000 | 19 | 200 | -12 | -17.3 | 00:00:00 | 23:59:59 |
| USDRUB | US Dollar - Rubble | 5 | 100000 | 844 | 100 | -1.17 | -398 | 10:00:00 | 17:54:59 |
| USDSGD | US Dollar - Singapore Dollar | 5 | 100000 | 16 | 200 | -5.3 | -3.8 | 10:00:00 | 17:54:59 |
| USDTRY | US Dollar vs Turkish Lira | 5 | 100000 | 54 | 100 | -352.7 | 200 | 10:00:00 | 17:54:59 |
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