Forex trading is defined as the buying of one currency and the simultaneous selling of another. Currency trading is quoted in pairs with the currency to the left referred to as the base currency and the currency to the right is referred to as the quote currency. The quote currency indicates how much 1 unit of it is worth against 1 unit of the base currency. For example, the EUR/USD trading at 1.16202 means that 1 Euro equals 1.16202 USD at market execution at that point in time. Forex trading is based on speculating which currency will become stronger or weaker against another with the purpose of making a profit from the movement in the exchange rate.
Centrum Markets makes it easy to trade forex with straight through processing, no dealing desk intervention, low trading commissions and competitive spreads.
Trade Forex with Superior Trading Conditions at Centrum Markets
No Account Fees
No Requotes or Rejections
24 hours a Day / 5 Days a Week
Trading Platform on Desktop, Mobile or Tablet
*leverage is subject to the appropriateness test
When trading forex at Centrum Markets, overnight positions are charged with the current interbank rate plus an additional mark up and short positions incur the current interbank rate minus the mark up. Swap rates are calculated according to the currency’s current interbank rate and a three day swap is calculated on positions from 00:00 GMT, Wednesday to Thursday. It should be noted that margin requirements differ by currency pair and may be subject to change according to the underlying liquidity and volatility of the currency pair. Centrum Markets may change margin requirements if political and economic events lead to rapidly changing or volatile market conditions.