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Forex Trading

Trade over 40 major and minor Forex pairs on either the MT4 or MT5 platform.

Why Trade Forex with Eightcap

Spread

Spreads from 0.0 pips

Trade FX on a Raw Account to take advantage of institutional-grade pricing. The price you need when you need it.
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Personal Customer Support

Our multilingual team is here to help get you up and running at your own pace so you can trade knowing that we will always be there when you need us.
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Global Regulation

Headquartered in Australia and regulated by ASIC plus other jurisdictions providing you with a safe and flexible global trading environment.
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MT4 & MT5 Platforms

Trade effortlessly on intuitive, market-leading platforms designed and built for traders worldwide via our cutting-edge technology infrastructure.
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Choose your trading platform

Trade Forex on MT4 across desktop and mobile or MT5 across webtrader, desktop and mobile, all on our powerful and secure technology infrastructure.

Apply for a live account in a few minutes or try a free demo account.

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What is Forex Trading?

Forex Instruments are currency pairs that can be traded on international currency markets, these markets are over the counter (OTC). Currency markets are the most liquid in the world, making them one the cheapest markets for active traders to trade. Forex pairs can be traded on time frames ranging from seconds to months. There are a wide range of global market factors influencing currency movements.

Trading Forex Currency Pairs

Eightcap enables its clients to access over 40 currency pairs. The major currency pairs make up the most liquid and popular pairs in the market and can all be accessed via Eightcap’s trading platform.

EUR/USD

The most heavily traded currency pair in the market. It also typically has the lowest spread in the forex market. It can have lower volatility than most forex pairs, although the European crisis has led to some strong trends and occasional periods of volatility.

USD/JPY

The Japanese currency is viewed by many as a safe haven and can appreciate when investors become risk-averse. It also tends to underperform when the global economy is performing well. For these reasons, many traders use the pair to trade based on global macro-economic factors.

USD/CAD

The Loonie is another currency that is highly correlated with commodity prices, and in particular, oil. It’s also affected by the interest rate differential between the US and Canada. Traders often use this pair to speculate on energy prices, often employing trend following strategies.

USD/CHF

The Swiss Franc is also viewed as a safe haven currency, and as such tends to appreciate when markets become risk-averse, and lose ground when risk appetite increases. Traders often use this pair to trade around geopolitical events and potential economic crises.

AUD/USD

Australia is one of the world’s leading commodity exporters, and the Aussie is therefore highly correlated with commodity prices. This means it exhibits strong trends due to the cyclical nature of the commodity industry.

GBP/USD

This pair is the oldest currency pair to have been traded globally. While volatility was historically low, it has increased since the European economic crisis and the Brexit referendum. It can be a very profitable pair to trade but comes with increased risk.

FAQs

Forex or FX is an acronym for foreign exchange, meaning the currency belonging to a country and/or market. In trading, forex relates to the buying and selling of these currencies in order to make a financial profit when the value of those currencies change. The forex market is the world’s most liquid market with daily trading volumes exceeding five trillion dollars; which is why it’s so attractive to investors.

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Advantages of trading Forex

  • The most liquid trading market in the world.
  • Some of the lowest costs involved in trading with highly competitive spreads on offer.
  • Leverage of up to 500:1 can enable traders to profit from incremental price movements.
  • Open short and long positions in the market with small or large amounts of capital.

 

Disadvantages of trading Forex

  • Forex trading is competitive and requires time and commitment to become proficient.
  • Using leverage irresponsibly can lead to losses where a large portion of your investment can be lost if the market moves against you.
  • Past performance of strategies is not an assurance of future performance.

US Dollar vs Japanese Yen (USD/JPY)24 hours
US Dollar vs Swiss Frank (USD/CHF)24 hours
US Dollar vs Canadian Dollar (USD/CAD)24 hours
Euro vs US Dollar (EUR/USD)24 hours
Pound Sterling vs US Dollar (GBP/USD)24 hours
Australian Dollar vs US Dollar (AUD/USD)24 hours

Trading in three steps

APPLY

VERIFY

FUND & TRADE

APPLY

Complete a simple application form.

VERIFY

Upload documents to verify your account.

FUND & TRADE

Fund account with as little as $100 and start trading the global markets.

APPLY

Complete a simple application form.

VERIFY

Upload documents to verify your account.

FUND & TRADE

Fund account with as little as $100 and start trading the global markets.