Often referred to as ‘FX’ or ‘Forex’ it is considered to be the most liquid market in the world.
The Forex market is the platform for trading global currencies. With a daily turnover measured in trillions of US dollars, the Forex market beats the combined turnover of global stock and bond markets.
At AlmondFX, we provide to all clients the best offered market rates to enhance their trading performance through reliable and fully transparent trading conditions; including tight spreads, leverage up to 1:500 and low latencies.
With AlmondFX, you can trade up to 50 forex pairs on MetaTrader 4 and increase your trading strategy with a click of a button.
Online Forex Trading
Forex traders speculate on the value of one currency compared to another in order to generate profits.
FX trading is typically executed on margin accounts and the industry practice is to trade on relatively small margin amounts. Currencies that are traded against the US Dollar (“USD”) are called Majors, and these constitute the highest volumes of Forex trades.
Why Trade Forex?
AlmondFX reserves the right to liquidate the positions taken by you if the initial deposit and variation margin fails to cover the losses incurred.
One pip in EUR/USD pair is a move of 0.0001 or 1/100th of a cent.
One pip in USD/JPY pair is a move of 0.01 or 1/10th of a cent.
For example if the value of GBP/EUR increases by a pip, the quoted rate will change from 1.2478 to 1.2479. The number of pips a currency pair moves determines the profit or loss for a trade.
One standard lot is typically equal to 100,000 units of the base currency and a mini lot is 10,000 units, whilst a micro lot is 1000 units. With AlmondFX, traders can choose the following lot sizes while trading currency:
Standard lot size = 100,000 units - USD 10 for every pip move - leverage of 100 to 1
Mini-lot size = 10,000 units - USD 1 for every pip move
Micro-lot size = 1,000 units - USD 0.10 for every pip move
Trade all the major highly liquid currency pairs
Benefit from access to a pool of liquidity providers
Continuous operation (*Sunday 22:00 - Friday 22:00 GMT)
Huge number of market participants including banks, commercial companies, investment management firms, Forex brokers, hedge fund speculators and even individual traders.