Foreign exchange introduction

Forex is considered to be the most active and most mobile financial product in the world. The volume of global foreign exchange transactions per day is estimated to exceed $4 trillion.

Spot forex trading is a product that is traded through a financial institution and is different from trading through an exchange because there is no place for actual goods exchange and no central exchange. Forex trading takes place in major financial centers around the world such as London, New York and Tokyo.

There is no limit to the trading hours of foreign exchange when the market operates every Friday, and the exchange rate between major currencies is constantly updated. Such high liquidity and frequent fluctuations in prices have caused foreign exchange investment to attract a large number of experienced investors.
 

Forex trading has many investment benefits:
 

1. High liquidity  - Daily trading volume of more than four trillion US dollars in the foreign exchange market and the participation of millions of investors, so there is always the opportunity to enter and exit the market at a fairly transparent price.
 

2, 24-hour trading  - As the Earth turns the market shift and trading time continues, from the opening of the Sydney market on Monday morning to the closing of the US market on Friday night, a 24-hour continuous operation market has emerged. One of the biggest advantages of trading Forex is the opportunity to trade 24 hours a day. This allows traders to respond to and gain the advantage of profitability from market changes.
 

3. Predictable market  - The foreign exchange market often follows the trend of repeated fluctuations. The money market exhibits a specific regularity, creating a price trend that allows market participants to follow. These price trends increase the chances of making a profit on the trade.
 

4. Profits come from all market changes  - because the foreign exchange market is constantly changing, there is always a chance to trade, to choose a currency to depreciate or appreciate relative to another currency. Therefore, investors can profit from multiple positions or short positions.
 

Spread

productCodeSTP spread
US dollar against Canadian dollarUSDCAD35
US dollar against Swiss francUSDCHF36
USD/JPYUSDJPY33
Australian dollar against the dollarAUDUSD34
Euro against the dollarEURUSD32
New Zealand dollar against the dollarNZDUSD35
GBP to USDGBPUSD40
EUR/GBPEURGBP32
EUR/JPYEURJPY41
Australian dollar against the yenAUDJPY44
GBP/JPYGBPJPY50
Canadian dollar against the yenCADJPY48


Overnight interest

productCodeDo more (long)Short (short)
Euro against the dollarEURUSD-1.75%-0.25%
USD/JPYUSDJPY-0.25%-1.75%
GBP to USDGBPUSD-1.50%-0.50%
US dollar against Swiss francUSDCHF0.50%-2.50%
Australian dollar against the dollarAUDUSD-0.25%-1.75%
US dollar against Canadian dollarUSDCAD-0.75%-1.25%
New Zealand dollar against the dollarNZDUSD0.00%-2.00%
Australian dollar against the yenAUDJPY0.00%-3.00%
GBP/JPYGBPJPY-1.25%-1.75%
Canadian dollar against the yenCADJPY-1.00%-2.00%
EUR/GBPEURGBP-1.75%-1.25%
EUR/JPYEURJPY-1.50%-1.50%


Trading Rules

productCodeContract face valueMinimum price jumpBase point valueThe difference between the limit order and the market priceMargin requirement
Euro against the dollarEURUSD100,000 EUR0.00001 USD1.00 USD40500 USD
USD/JPYUSDJPY100,000 USD0.001 JPY100 JPY48500 USD
GBP to USDGBPUSD100,000 GBP0.00001 USD1.00 USD50500 USD
US dollar against Swiss francUSDCHF100,000 USD0.00001 CHF1.00 CHF56500 USD
Australian dollar against the dollarAUDUSD100,000 AUD0.00001 USD1.00 USD50500 USD
US dollar against Canadian dollarUSDCAD100,000 USD0.00001 CAD1.00 CAD56500 USD
New Zealand dollar against the dollarNZDUSD100,000 NZD0.00001 USD1.00 USD74500 USD
Australian dollar against the yenAUDJPY100,000 AUD0.001 JPY100.00 JPY88500 USD
GBP/JPYGBPJPY100,000 GBP0.001 JPY100 JPY100750 USD
Canadian dollar against the yenCADJPY100,000 CAD0.001 JPY100 JPY110500 USD
EUR/GBPEURGBP100,000 EUR0.00001 GBP1.00 GBP64750 USD
EUR/JPYEURJPY100,000 EUR0.001 JPY100 JPY74750 USD


note:

1. Spreads and positions will change with the market, the company will not be notified;

2. When the margin is less than 50% (STP) and 80% (ECN), the company will enforce the forced liquidation. The company reserves the right to adjust the margin ratio according to the market fluctuations;

3. Locking Margin Calculation Method: Locking Margin = (Selling Margin + Buying Margin) x50%;

4. Unlock: You need to make up the original one-way deposit.

5. Overnight interest calculation: closing price * contract * lot * interest rate * (1/360)