FX – TradingAt UptrendMarkets, you get access to 70+ forex pairs on our tightest spreads with excellent depth from our top tier liquidity providers.
Our ECN interbank pricing allows for fast execution speed across all currency pairs.
Why trade FX with UptrendMarkets?
- Trade 70+ currency pairs
- Spreads from 1.5 pips (put the lowest spread in as we are not sure what the lowest spread is)
- No requotes & No slippage
- Negative balance protection
- Trade 24/5 and access your trades from the PC, mobile or tablet.
- Access up to 200:1 leverage
FX spreads on the majorsHere is the minimum spreads you can expect across the FX majors plus key trading details.
|Spreads from Pro||0.5||0.5||0.5||0.5||0.5|
|Min trade size||0.01||0.01||0.01||0.01||0.01|
|Min trade size Pro||0.1||0.1||0.1||0.1||0.1|
Click here to view the full list of FX pairs available at UptrendMarkets.
What are the Forex markets?The Forex market is the largest trading market in the world with more than $5.3 trillion in daily volume according to BIS Triennial Central Bank Survey.
Once the domain of sophisticated institutional traders, you now have access to live streaming forex prices 24/5 and the ability to execute orders directly into the interbank fx market.
Trading Forex is the simultaneous buying of one currency pair and the selling of another.
Basics of a Forex tradeIf you wanted to trade the Euro dollar versus the US dollar (EURUSD) and you thought it was going to go higher, you would buy Euro dollars and sell US dollars. As of the 20th of August 2017, the EURUSD was trading at 1.1759/1.1760.
The bid price was 1.1759, and the ask price was 1.1760. The spread is the difference between the two prices, in this case, one pip. A pip is the movement of the EURUSD at the fourth decimal place.
If you wanted to buy Euro dollars, you would buy at the first selling price, which is 1.1760. In effect, when you are bullish the Euro dollar, you are bearish the US dollar.
If you wanted to close the position, you would sell it at the first available bid price, which is 1.1759.