Forex Trading with Standard Account.
The value is given for 4-digit quotes. In 5-digit quotes the fourth digit after a comma is indicated (0.0001). In 3-digit quotes - the second digit after a comma (0.01). For example, in EURUSD quote - 1.36125; in USDJPY quote - 101.852.
Swap Free option is not available for trading on "Forex Exotic", Indices instruments, Energies and Cryptocurrencies.
Notice that in MT5 a commission is charged when you open a deal. In the Trade window for your open position the profit doesn’t include the commissions.
Frequently asked questions.
What is Forex trading?
Forex, also known as the foreign exchange market or FX market, is the world's most traded market, with a $5.1 trillion turnover per day. In simple words, Forex trading is the process of converting one country's currency into the currency of another country, aiming to make a profit from the changes in its value.
Indices vs. Forex: What is the difference?
Volatility. The Forex market is highly volatile. You need to predict the movements of a single currency pair, which can be influenced by numerous factors. On the contrary, when trading indices, you predict broad movements of a certain stock market, which is less volatile. Liquidity. Some stock market indices are less liquid than the Forex market (which is the largest and most liquid market globally). Time strategies. Indices trading may be more suitable for long-term traders. On the other hand, Forex trading tends to be more convenient for short-term traders who prefer to profit from small price changes. Leverage. In FBS, Forex trading has the maximum possible leverage – 1:3000. Indices are traded with leverage up to 1:33. Please keep in mind that it is better to choose trading instruments depending on your trading strategy, level of knowledge, understanding of the particular market, and risk tolerance.
What determines a spread in Forex trading?
A spread can be narrower or wider depending on a currency pair, Forex trading hours, and market conditions. At FBS, you can choose trading instruments with spreads most suitable for your needs: a floating spread from 0.5 points, fixed spread from 3 points, and zero spread.
What causes a high spread in Forex?
Spreads usually widen with the increase in volatility or low liquidity caused by out-of-hours trading. FBS offers a competitive spread list with a floating spread from 0.5 points, fixed spread from 3 points, and zero spread. Start trading Forex on favorable terms now.
How to reduce a spread in Forex trading?
A spread usually indicates a level of volatility. The more volatile the Forex market, the wider the spread gets, especially when a news release affects currencies. However, the most promising trades happen during higher volatility. At FBS, you can open trading accounts with a floating spread, fixed spread, and zero spread. Choose a currency pair most appropriate for your trading strategy and make the most of volatility.
Which Forex currency pair has the lowest spread?
Generally, the EURUSD pair has the lowest spread. At FBS, you can trade EURUSD starting from 0 pips with an ECN account.
How to start Forex trading with a broker?
The very first step is to choose a reputable Forex broker. You can join FBS, a legitimate online broker regulated by IFSC, CySEC, ASIC, and FSCA. Learn the essentials and watch videos about Forex from FBS market experts, test your skills on a Demo account, and enter the trading world with ease.
What are the advantages of Forex trading?
The Forex market is one of the easiest markets to enter with a relatively small deposit to start, flexible trading hours, and higher trading volume. FBS, an online Forex broker, offers the most beneficial spreads starting from 0.5 points for volatile Forex pairs, such as EURUSD, XAUUSD, GBPUSD, USDJPY, and AUDUSD. Learn what moves the Forex market and start your trading journey with FBS now.
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Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.
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