Forex
Advantages of trading Derivatives on Forex with Gloffix
Currency pairs – majors, minors & exotics
Tight spreads and leverage up to 1:1000
Funding methods – NO deposit fees
Superior trading tools
Powerful trading platforms
Dedicated customer support
Forex Major pairs Contract Specifications
| Symbol | Description | Typical Spread in pips | Leverage (up to) | Short | Long | Monday Open |
Friday Close |
Break |
|---|---|---|---|---|---|---|---|---|
| CADCHF | Canadian Dollar/Swiss Franc | 2.4 | 1:1000 | -4.1 | -0.2 | 0:00:00 | 23:59:59 | – |
| CADJPY | Canadian Dollar/Japanese Yen | 2.3 | 1:1000 | -3.3 | -1.4 | 0:00:00 | 23:59:59 | – |
| CHFJPY | Swiss Franc/Japanese Yen | 2.9 | 1:1000 | -1.3 | -5.0 | 0:00:00 | 23:59:59 | – |
| EURCAD | Euro/Canadian Dollar | 2.6 | 1:1000 | -0.4 | -7.5 | 0:00:00 | 23:59:59 | – |
| EURCHF | Euro/Swiss Franc | 1.9 | 1:1000 | -3.9 | -2.2 | 0:00:00 | 23:59:59 | – |
| EURGBP | Euro/Great Britain Pound | 1.8 | 1:1000 | -1.0 | -4.0 | 0:00:00 | 23:59:59 | – |
| EURJPY | Euro/Japanese Yen | 1.7 | 1:1000 | -1.8 | -4.2 | 0:00:00 | 23:59:59 | – |
| EURUSD | Euro/US Dollar | 1.2 | 1:1000 | -0.7 | -6.0 | 0:00:00 | 23:59:59 | – |
| GBPCAD | Great Britain Pound/Canadian Dollar | 4.1 | 1:1000 | -4.0 | -5.5 | 0:00:00 | 23:59:59 | – |
| GBPCHF | Great Britain Pound/Swiss Franc | 2.4 | 1:1000 | -5.5 | -1.0 | 0:00:00 | 23:59:59 | – |
| GBPJPY | Great Britain Pound/Japanese Yen | 3.0 | 1:1000 | -4.5 | -3.0 | 0:00:00 | 23:59:59 | – |
| GBPUSD | Great Britain Pound/US Dollar | 1.8 | 1:1000 | -3.0 | -4.5 | 0:00:00 | 23:59:59 | – |
| USDCAD | US Dollar/Canadian Dollar | 1.9 | 1:1000 | -3.5 | -2.5 | 0:00:00 | 23:59:59 | – |
| USDCHF | US Dollar/Swiss Franc | 1.9 | 1:1000 | -5.0 | -0.5 | 0:00:00 | 23:59:59 | – |
| USDJPY | US Dollar/Japanese Yen | 1.7 | 1:1000 | -4.5 | -1.5 | 0:00:00 | 23:59:59 | – |
Forex Minor pairs Contract Specifications
| Symbol | Description | Typical Spread in pips | Leverage (up to) | Short | Long | Monday Open |
Friday Close |
Break |
|---|---|---|---|---|---|---|---|---|
| AUDCAD | Australian Dollar/Canadian Dollar | 3.4 | 1:1000 | -3.4 | -2.7 | 0:00:00 | 23:59:59 | – |
| AUDCHF | Australian Dollar/Swiss Franc | 4.2 | 1:1000 | -4.5 | 0.0 | 0:00:00 | 23:59:59 | – |
| AUDJPY | Australian Dollar/Japanese Yen | 2.3 | 1:1000 | -3.7 | -1.0 | 0:00:00 | 23:59:59 | – |
| AUDNZD | Australian Dollar/New Zealand Dollar | 4.0 | 1:1000 | -3.0 | -4.3 | 0:00:00 | 23:59:59 | – |
| AUDSGD | Australian Dollar/Singapore Dollar | 3.0 | 1:1000 | -3.5 | -4.5 | 0:00:00 | 23:59:59 | – |
| AUDUSD | Australian Dollar/US Dollar | 1.5 | 1:1000 | -2.5 | -2.0 | 0:00:00 | 23:59:59 | – |
| CHFSGD | Swiss Franc/Singapore Dollar | 3.6 | 1:1000 | -5.8 | -11.4 | 0:00:00 | 23:59:59 | – |
| EURAUD | Euro/Australian Dollar | 3.9 | 1:1000 | -1.0 | -8.9 | 0:00:00 | 23:59:59 | – |
| EURHUF | Euro/Forint | 39.9 | 1:1000 | -4.3 | -32.5 | 0:00:00 | 23:59:59 | – |
| EURNOK | Euro/Norwegian Krone | 33.6 | 1:1000 | -34.9 | -34.8 | 4:00:00 | 23:59:59 | Daily 23:59:59 – 04:00:00 |
| EURNZD | Euro/New Zealand Dollar | 6.9 | 1:1000 | -0.6 | -6.1 | 0:00:00 | 23:59:59 | – |
| EURPLN | Euro/Polish Zloty | 31.8 | 1:1000 | -21.9 | -30.0 | 0:00:00 | 23:59:59 | – |
| EURSGD | Euro/Singapore Dollar | 4.1 | 1:1000 | -1.7 | -9.8 | 0:00:00 | 23:59:59 | – |
| EURZAR | Euro/South African Rand | 100.0 | 1:1000 | 137.5 | -275.0 | 0:00:00 | 23:59:59 | – |
| GBPAUD | Great Britain Pound/Australian Dollar | 4.5 | 1:1000 | -3.7 | -7.0 | 0:00:00 | 23:59:59 | – |
| GBPNZD | Great Britain Pound vs Zealand Dollar | 5.7 | 1:1000 | -5.7 | -8.7 | 0:00:00 | 23:59:59 | – |
| GBPSGD | Great Britain Pound/Singapore Dollar | 4.2 | 1:1000 | -6.4 | -9.6 | 0:00:00 | 23:59:59 | – |
| GBPZAR | Great Britain Pound/South African Rand | 200.0 | 1:1000 | 35.0 | -310.0 | 0:00:00 | 23:59:59 | – |
| NZDCAD | New Zealand Dollar/Canadian Dollar | 5.6 | 1:1000 | -3.8 | -2.0 | 0:00:00 | 23:59:59 | – |
| NZDCHF | New Zealand Dollar/ Swiss Franc | 4.4 | 1:1000 | -5.0 | 0.0 | 0:00:00 | 23:59:59 | – |
| NZDJPY | New Zealand Dollar/Japanese Yen | 2.0 | 1:1000 | -4.5 | -0.7 | 0:00:00 | 23:59:59 | – |
| NZDUSD | New Zealand Dollar/US Dollar | 1.9 | 1:1000 | -2.7 | -1.5 | 0:00:00 | 23:59:59 | – |
| SGDJPY | Singapore Dollar/Japanese Yen | 2.8 | 1:1000 | -3.7 | -1.6 | 0:00:00 | 23:59:59 | – |
| USDCNH | US Dollar/Chinese Renminbi | 25.0 | 1:1000 | -13.0 | -33.1 | 0:00:00 | 23:59:59 | – |
| USDCZK | US Dollar/Czech Koruna | 23.1 | 1:1000 | -75.0 | -50.0 | 0:00:00 | 23:59:59 | – |
| USDDKK | US Dollar/Danish Krone | 14.1 | 1:1000 | -46.3 | -29.7 | 4:00:00 | 23:59:59 | Daily 23:59:59 – 04:00:00 |
| USDHKD | US Dollar/Hong Kong Dollar | 6.0 | 1:1000 | -12.6 | -37.5 | 0:00:00 | 23:59:59 | – |
| USDHUF | US Dollar/Hungarian Forint | 34.0 | 1:1000 | -11.5 | -15.0 | 0:00:00 | 23:59:59 | – |
| USDMXN | US Dollar/Mexican Peso | 70.0 | 1:1000 | 20.0 | -405.0 | 0:00:00 | 23:59:59 | – |
| USDNOK | US Dollar/Norwegian Krone | 24.7 | 1:1000 | -33.1 | -40.0 | 4:00:00 | 23:59:59 | Daily 23:59:59 – 04:00:00 |
| USDPLN | US Dollar/Polish Zloty | 32.6 | 1:1000 | -25.0 | -21.5 | 0:00:00 | 23:59:59 | – |
| USDRUB | US Dollar/Russian Ruble | 850.9 | 1:100 | 0.0 | -300.0 | 10:00:00 | 17:54:59 | Daily 17:54:59 – 10:00:00 |
| USDSEK | US Dollar/Swedish Krona | 27.6 | 1:1000 | -50.0 | -43.0 | 0:00:00 | 23:59:59 | – |
| USDSGD | US Dollar/Singapore Dollar | 5.1 | 1:1000 | -8.4 | -7.0 | 0:00:00 | 23:59:59 | – |
| USDTHB | US Dollar/Thai Baht | 7.3 | 1:1000 | -2.0 | -3.0 | 0:00:00 | 23:59:59 | |
| USDTRY | US Dollar/Turkish lira | 95.0 | 1:1000 | 40.0 | -270.0 | 0:00:00 | 23:59:59 | – |
| USDZAR | US Dollar/South African Rand | 90.0 | 1:1000 | 20.0 | -280.0 | 0:00:00 | 23:59:59 | – |
| ZARJPY | South African Rand/Japanese Yen | 3.7 | 1:1000 | -32.7 | -0.5 | 0:00:00 | 23:59:59 | – |
Important
1. Swaps values may be adjusted daily based on market conditions and rates provided by our Price Provider applicable to all open positions. Triple swaps are applied every Wednesday.
2. Server Times: Winter: GMT+2 and Summer: GMT+3 (DST) (last Sunday of March and ends last Sunday of October).
3. During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders may not be executed during these times.
Calculating Forex Margin Requirements – Example
Account Leverage: 1:400
Account base currency: USD
Position: Open 10 lots BUY EURUSD at 1.21745
1 Lot size: 100,000 units
Notional value is: 10 * 100,000 * 1.21745 = 1,217,450 USD
Margin required is: 1,217,450 USD / 400 = 3,043.63 USD
What is Forex trading?
FX trading is the buying and selling of currencies with the aim of making a profit. Currencies are traded in pairs – the first currency listed in a forex pair is called the ‘base’ currency while the second currency is called the ‘quote’ currency. The EUR/USD (Euro/US Dollar) is the most traded currency pair in the world. The example below involves buying the Euro and selling the US dollar. In other words, the price represents the amount of US dollars that can be exchanged for one Euro.
EUR/USD = 1.2500
The FX market is open 24 hours a day, five days a week and traded online with price quotes changing constantly. This is due to a variety of factors such as interest rates, market factors and geopolitical risks that affect supply and demand for currencies.
As the largest and most-traded financial market in the world, foreign exchange offers ample opportunities for those who want to experience the highest volumes and liquidity.
At Gloffix we offer Derivatives on Forex on a wide variety of currency pairs with exceptional trading conditions such as tight spreads and fast execution. Open a forex trading account and use our powerful trading platforms and professional tools to trade today’s markets with the advantage of tomorrow’s cutting-edge technology!