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What is Forex?

Forex is a type of CFD. Forex is the abbreviation for ‘foreign exchange’. Forex trading involves the buying and selling of currencies. In a Forex trade, you are buying one currency and selling another currency at the same time or vice-versa. Similar to the buy/sell principle in the traditional markets, the decision to buy or sell in Forex rests on whether a trader believes the currency will weaken (fall) or strengthen (rise).

We give you the right tools and support to participate in the most exciting financial market via CFD’s.

Contracts for difference (CFDs) offer you the benefits of trading in FX with no physical exchange (purchase or sale) of currencies.

The foreign exchange market (Forex, CFD FX, or currency market) is a global, financial market for trading currencies. It is the world’s largest financial market, with over $4 trillion traded daily.

As a Forex trader, you can choose a CFD currency pair that you expect to change in value and place a trade accordingly.

Click here for a full explanation about CFDs.

For the Key Information Document for CFDs in Forex please click here.

Type

Instrument

Margin FX spot

AUD/CAD

Margin FX spot

AUD/CHF

Margin FX spot

AUD/JPY

Margin FX spot

AUD/JPY

Margin FX spot

AUD/NZD

Margin FX spot

AUD/USD

Margin FX spot

CAD/CHF

Margin FX spot

CAD/JPY

Margin FX spot

CHF/JPY

Margin FX spot

EUR/AUD

Margin FX spot

EUR/CAD

Margin FX spot

EUR/CHF

Margin FX spot

EUR/GBP

Margin FX spot

EUR/JPY

Margin FX spot

EUR/NOK

Margin FX spot

EUR/NZD

Margin FX spot

EUR/PLN

Margin FX spot

EUR/RUB

Margin FX spot

EUR/USD

Margin FX spot

GBP/AUD

Margin FX spot

GBP/CAD

Margin FX spot

GBP/CHF

Margin FX spot

GBP/JPY

Margin FX spot

GBP/NZD

Margin FX spot

GBP/USD

Margin FX spot

NZD/CAD

Margin FX spot

NZD/CHF

Margin FX spot

NZD/JPY

Margin FX spot

NZD/USD

Margin FX spot

USD/CAD

Margin FX spot

USD/CHF

Margin FX spot

USD/JPY

Margin FX spot

USD/MXN

Margin FX spot

USD/NOK

Margin FX spot

USD/PLN

Margin FX spot

USD/RUB

Margin FX spot

USD/SGD

Margin FX spot

USD/ZAR

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.