Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs.
Trade CFDs on Forex
Trade 70+ Forex pairs on the world’s fastest moving and most liquid market. Benefit from low fees and fast order execution speeds.
CFD-retail client accounts generally lose money
Trade 70+ currency pairs in the Forex market
Bid
Ask
Spread
*The prices on this page are indicative. Prices for instruments with lower liquidity such as but not limited to exotic currency pairs, stocks and indices are not refreshed as often as commonly traded instruments. Please check inside your MT4 platform for latest live prices
What is Forex trading?
Go long or short the majors, minors and exotics
The Forex market, or the foreign exchange market, is a global marketplace for exchanging national currencies. It stands as the world's largest and most liquid market with an average daily trading volume of $7.5 trillion.
The Forex market is open 24 hours a day, 5 days per week and is split into 3 major trading sessions. Offering unparalleled opportunities and access to traders across the globe.
Forex trading primarily happens over a decentralised electronic banking network and plays a crucial role in the global economy. Serving as an essential medium to facilitate international trade and investments.
How Forex trading works
Forex trading involves the simultaneous buying of one currency and selling of another. For example, if you believe that the value of the Euro will rise against the US Dollar due to strong economic growth in the European Union, you might choose to buy the EUR/USD currency pair.
Bid and ask prices
Each currency pair is quoted with two prices, the 'BID' price and the 'ASK' price. The bid price is the rate at which you can sell the base currency. While the ask price is the rate at which you can buy the base currency. The ask price is always higher than the bid price and the difference between these prices is called the 'Spread'.
Go long or short
The basic idea is to buy (go long) a currency pair when you think its value will appreciate in value and sell (go short) when you think it will depreciate in value. Just like buying something at a lower price and trying to sell it at a higher price to make a profit. In forex trading you can buy or sell the base or quote currency to take a position in either direction. For example, when going long the EURUSD, you would be simultaneously selling the USD to buy the EUR. When going short the EURUSD, you would be simultaneously selling the EUR to buy the USD.
Forex is traded in lots
In the Forex market, trades are placed in terms of lots. For example a trader can exchange one micro lot ($1,000), one mini lot ($10,000), or one standard lot ($100,000) worth of currency.
Forex trading example
You decide to buy 0.1 lots of EURUSD at 1.0800 using 30:1 Leverage.
The two currencies involved in the trade are the EUR and the USD.
EUR 10,000
EUR 1 = USD 1.0800
EUR 10,000 x 1.0800 = USD 10,800
USD 10,800 / 30 = USD 360
Scenario 1
The exchange rate moves up from EURUSD 1.0800 to 1.0850.
This is how the profit or loss on the trade would be calculated.
P/L = ((Current exchange rate - Initial exchange rate) x Position value) / Current exchange rate
P/L = ((1.0850 - 1.0800) x 10000) / 1.0850
P/L = (0.0050 x 10,000) / 1.0850
P/L = 46.08 USD
Scenario 2
The exchange rate moves down from EURUSD 1.0800 to 1.0750.
This is how the profit or loss on the trade would be calculated.
P/L = ((Current exchange rate - Initial exchange rate) x Position value) / Current exchange rate
P/L = ((1.0750 - 1.0800) x 10,000) / 1.0750
P/L = (0.0050 x 10,000) / 1.0750
P/L= -46.51 USD
Great value trading with a premium service
This is why people like you choose TIOmarkets
Spreads from 0.4 pips
Our aggregated liquidity keeps spreads low, most of the time
Zero commission
Trade from $0 per lot on our VIP Black account
Low starting amount
Open your account from just €100 to start trading
24/7 customer support
We are here to help, with 3 seconds average response time on live chat
Fast order execution
Trades are executed in milliseconds, with low slippage, most of the time
No swaps
Trade some currency pairs and precious metals swap-free on all account types
Reliable platforms
Trade global financial markets on the MT4 desktop or mobile trading platform
Micro lot trading
Trade from $0.10 per pip, ideal for small accounts and to better manage your risk
Trade on the MT4 trading platform
MT4 was designed and developed for forex and futures trading. To enable traders to analyze and trade financial markets, back test trading strategies, develop trading robots and copy other traders.
Available for:
Getting started is quick and simple
It only takes a few minutes, this is how it works
STEP 1
Register and verify
Fill out a simple form to create your profile and complete the verification process. Once you are verified and approved, you will be able to create your trading account.
STEP 2
Fund and download the trading platform
Deposit instantly with your debit or credit card. Download the trading platform to your computer or smartphone.
STEP 3
Log in and start trading
Pick an instrument and direction, decide how much to invest and place your trade.
CFD-retail client accounts generally lose money
