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Forex is short for foreign exchange. The forex market is a place where currencies are traded. It is the largest and most liquid financial market in the world with an average daily turnover of 6.6 trillion U.S. dollars as of 2019.
The basis of the forex market is the fluctuations of exchange rates. Forex traders speculate on the price fluctuations of currency pairs, making money on the difference between buying and selling prices.
Trade currencies from all over the world.
$6.6 Trillion daily trading volume.
Margin is the amount of a trader’s funds required to open a new position. Margin is estimated based on the size of your trade, which is measured in lots.
The greater the lot, the bigger the margin amount. Margin allows you to trade with leverage, which allows you to place trades larger than your capital.
Leverage is the ability to trade positions larger than the amount of capital you possess. This mechanism allows traders to use extra funds from a broker to increase the size of their trades.
Although leverage lets traders increase their trade size and potential gains, it also magnifies their potential losses, putting their capital at risk.
The 24-hour availability of the forex market is what makes it so attractive to millions of traders.
Start Trading NowDue to different time zones, the international forex market is open 24 hours a day — from 5 p.m. Eastern Standard Time (EST) on Sunday to 4 p.m. EST on Friday, except holidays.
Markets open in Australasia, then Europe, and finally North America.
When the market closes in Australia, traders can have access to markets in other regions, ensuring continuous trading opportunities.