Forex
What is Forex Trading?
The forex markets are the largest in terms of daily trading volume in the world and therefore offer the most liquidity. This makes it easy to enter and exit a position in any of the major currencies within a fraction of a second for a small spread in most market conditions.
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Forex Currency pairs
At Vestrado ,we provide you with full access to 60+ major,minor and exotic pairs with tight spread.Here is what we offer with multiple types of account selection.
Major:-
| Instrument Name | Symbols | Digits | Margin (%) | Respectus Account Typical Spread | Fides Account Typical Spread | Frux Account/Cent Typical Spread | Contract Size |
|---|---|---|---|---|---|---|---|
| Australian Dollar vs Canadian Dollar | AUD/CAD | 5 | 1 | 0.3 | 1.9 | 1.9 | 100000 |
| Australian Dollar vs Swiss Franc | AUD/CHF | 5 | 1 | 0.3 | 1.2 | 1.9 | 100000 |
| Australian Dollar vs Japanese Yen | AUD/JPY | 3 | 1 | 0.2 | 1.3 | 2.0 | 100000 |
| Australian Dollar vs New Zealand Dollar | AUD/NZD | 5 | 1 | 0.4 | 1.5 | 2.2 | 100000 |
| Australian Dollar vs United States Dollar | AUD/USD | 5 | 1 | 0.0 | 0.8 | 1.5 | 100000 |
| Canadian Dollar vs Swiss Franc | CAD/CHF | 5 | 1 | 0.3 | 1.1 | 1.8 | 100000 |
| Canadian Dollar vs Japanese Yen | CAD/JPY | 3 | 1 | 0.1 | 0.9 | 1.6 | 100000 |
| Euro vs Australian Dollar | EUR/AUD | 5 | 1 | 0.2 | 1.0 | 1.7 | 100000 |
| Euro vs Canadian Dollar | EUR/CAD | 5 | 1 | 0.2 | 1.0 | 1.7 | 100000 |
| Euro vs Swiss Franc | EUR/CHF | 5 | 1 | 0.3 | 1.1 | 1.8 | 100000 |
| Euro vs British Pound | EUR/GBP | 5 | 1 | 0.3 | 1.1 | 1.8 | 100000 |
| Euro vs Japanese Yen | EUR/JPY | 3 | 1 | 0.2 | 1.0 | 1.7 | 100000 |
| Euro vs New Zealand Dollar | EUR/NZD | 5 | 1 | 0.3 | 1.1 | 1.8 | 100000 |
| Euro vs United States Dollar | EUR/USD | 5 | 1 | 0.0 | 0.8 | 1.5 | 100000 |
| British Pound vs Australian Dollar | GBP/AUD | 5 | 1 | 0.3 | 1.1 | 1.8 | 100000 |
| British Pound vs Canadian Dollar | GBP/CAD | 5 | 1 | 0.7 | 1.6 | 2.3 | 100000 |
| British Pound vs Japanese Yen | GBP/JPY | 3 | 1 | 0.3 | 1.1 | 1.8 | 100000 |
| British Pound vs United States Dollar | GBP/USD | 5 | 1 | 0.0 | 0.8 | 1.5 | 100000 |
| New Zealand Dollar vs United States Dollar | NZD/USD | 5 | 1 | 0.3 | 1.1 | 1.8 | 100000 |
| United States Dollar vs Canadian Dollar | USD/CAD | 5 | 1 | 0.1 | 0.9 | 1.6 | 100000 |
| United States Dollar vs Swiss Franc | USD/CHF | 5 | 1 | 0.1 | 0.9 | 1.6 | 100000 |
| United States Dollar vs Hong Kong Dollar | USD/HKD | 5 | 1 | 5.0 | 0.9 | 9.0 | 100000 |
| United States Dollar vs Japanese Yen | USD/JPY | 3 | 1 | 0.1 | 0.9 | 1.6 | 100000 |
| United States Dollars vs Polish Zloty | USDPLN | 5 | 1 | 7.0 | 18 | 18 | 100000 |
Minor:-
| Instrument Name | Symbols | Digits | Margin (%) | Frux Account Typical Spread | Fides Account Typical Spread | Respectus Account Typical Spread | Contract Size |
|---|---|---|---|---|---|---|---|
| Australian Dollar vs Singapore Dollar | AUD/SGD | 5 | 1 | 4.5 | 3.8 | 0.8 | 100000 |
| Canadian Dollar vs Singapore Dollar | CAD/SGD | 5 | 1 | 4.5 | 3.8 | 1.5 | 100000 |
| Swiss Frank vs Japanese Yen | CHF/JPY | 3 | 1 | 2.5 | 1.8 | 0.1 | 100000 |
| Swiss Frank vs Singapore Dollar | CHF/SGD | 5 | 1 | 4.5 | 3.9 | 1.3 | 100000 |
| Euro vs Norwegian Krone | EUR/NOK | 5 | 5 | 29.9 | 29 | 23.1 | 100000 |
| Euro vs Swedish Krona | EUR/SEK | 5 | 5 | 27.3 | 26.4 | 19.5 | 100000 |
| Euro vs Singapore Dollar | EUR/SGD | 5 | 1 | 4.8 | 4.1 | 0.9 | 100000 |
| Euro vs Turkish Lira | EUR/TRY | 5 | 10 | 22.2 | 21.3 | 21.4 | 100000 |
| Euro vs South African Rand | EUR/ZAR | 5 | 10 | 82.9 | 82.0 | 72.1 | 100000 |
| British Pound vs Swiss Franc | GBP/CHF | 5 | 1 | 2.9 | 2.2 | 0.7 | 100000 |
| British Pound vs Norwegian Krone | GBP/NOK | 5 | 10 | 54.8 | 53.0 | 24.0 | 100000 |
| British Pound vs New Zealand Dollar | GBP/NZD | 5 | 1 | 4.3 | 3.6 | 0.7 | 100000 |
| British Pound vs Swedisk Krona | GBP/SEK | 5 | 10 | 4.4 | 3.7 | 1.4 | 100000 |
| British Pound vs Singapore Dollar | GBP/SGD | 5 | 1 | 2.3 | 1.4 | 1.5 | 100000 |
| Norwegian Krone vs Japanese Yen | NOK/JPY | 5 | 5 | 41.0 | 40.0 | 40.1 | 100000 |
| NoRwegian Krone vs Swedish Krona | NOK/SEK | 5 | 5 | 2.5 | 1.6 | 1.7 | 100000 |
| New Zealand Dollar vs Canadian Dollar | NZD/CAD | 5 | 1 | 1.3 | 1.4 | 0.5 | 100000 |
| New Zealand Dollar vs Swiss Franc | NZD/CHF | 5 | 1 | 1.3 | 1.4 | 0.5 | 100000 |
| New Zealand Dollar vs Japanese Yen | NZD/JPY | 3 | 1 | 1.2 | 1.3 | 0.4 | 100000 |
| Singapore Dollar vs Japanese Yen | SGD/JPY | 3 | 1 | 8.8 | 7.9 | 8.0 | 100000 |
| United States Dollar vs Chinese Yuan | USD/CNH | 5 | 5 | 2.8 | 1.9 | 2.0 | 100000 |
| United States Dollar vs Mexican Peso | USD/MXN | 5 | 5 | 16.6 | 15.7 | 15.8 | 100000 |
| United States Dollar vs Norwegioan Krone | USD/NOK | 5 | 5 | 26.9 | 26.0 | 26.1 | 100000 |
| United States Dollar vs Swedish Krona | USD/SEK | 5 | 5 | 8.6 | 7.6 | 7.7 | 100000 |
| United States Dollar vs Singapore Dollar | USD/SGD | 5 | 1 | 4.8 | 3.9 | 4.0 | 100000 |
| United States Dollar vs Turkish Lira | USD/TRY | 5 | 10 | 58.5 | 57.6 | 57.7 | 100000 |
| United States Dollar vs South African Rand | USD/ZAR | 5 | 10 | 35.9 | 34.0 | 35.1 | 100000 |
| South African Rand vs Japanese Yen | ZAR/JPY | 4 | 10 | 29.0 | 25.0 | 21.0 | 100000 |
* The leverage will change depending on the margin requirement for each pair. For a better understanding, please review our leverage and margin policy.
* Swap free account is available for Muslims
* Forex trading hours for all forex pairs GMT+2 is from 00:00-23:59:59
* Any trading schedules change,will be update on NEWs section on vestrado website.
Frequently asked question
Currency pairs are often quoted in terms of “bid” and “ask” prices. The bid price is the price at which you can sell the base currency (in this case, the Euro), and the ask price is the price at which you can buy the base currency. The difference between the bid and ask price is known as the “spread,” and it represents the cost of the trade to the trader.
There are many different currency pairs that you can trade in the forex market, including major pairs (such as EUR/USD, GBP/USD, and USD/JPY), minor pairs (such as AUD/CAD and EUR/GBP), and exotic pairs (such as USD/TRY and EUR/MXN). The choice of which currency pair to trade depends on a variety of factors, including the relative strength of the two economies, the interest rate differential between the two countries, and the level of liquidity in the market.
Margin requirement is the amount of money that a trader must have in their account to open and maintain a position in the market. It is expressed as a percentage of the position size and is set by the broker or the exchange.
For example, if the margin requirement is 2%, and a trader wants to open a position that is worth $10,000, they will need to have at least $200 in their account to cover the margin requirement. This is because 2% of $10,000 is $200.
The margin requirement helps to ensure that traders have enough funds in their accounts to cover any potential losses that may occur as a result of price movements in the market. It also helps to protect the broker or exchange from the risk of a trader defaulting on their trades.
In the financial markets, the spread is the difference between the bid price and the ask price of a security or asset. In the foreign exchange market (also known as the “forex” or “FX” market), the spread is the difference between the bid price and the ask price of a currency pair.
The bid price is the price at which a market participant is willing to buy a currency, and the ask price is the price at which a market participant is willing to sell the same currency. The spread represents the cost of the trade to the trader and is typically quoted in pips, which is a unit of measurement for the change in the exchange rate of a currency pair.
For example, if the bid price for the EUR/USD currency pair is 1.2050 and the ask price is 1.2053, the spread would be 3 pips. This means that if a trader wanted to buy the EUR/USD pair, they would have to pay 1.2053, and if they wanted to sell the pair, they would receive 1.2050. The difference between these two prices is the spread, and it represents the cost of the trade to the trader.