Forex Trading in the Global Currency Market (2024)

Forex Trading Spreads / Conditions

Click to view major or minor currency pairs Key Information Document.

  • For Ultra Low Standard Accounts
  • For Ultra Low Micro Accounts
  • For XM Zero Accounts
Currency Pair Spread as low as (pips) Long Swap Value
(Points)**		 Short Swap Value
(Points)**		 Value of 1 lot Limit and Stop Levels***
EURDKK#**** 39 -54.38 -70.08 100,000 EUR 0
EURNOK# 125.3 -110.26 -79.16 100,000 EUR 0
EURZAR# 103.6 -435.13 26.77 100,000 EUR 0
GBPDKK#**** 101.4 -29.06 -107.56 100,000 GBP 0
GBPNOK# 150 -81.18 -136.58 100,000 GBP 0
USDDKK#**** 36.5 -18.35 -88.35 100,000 USD 0
USDMXN# 159.7 -503.82 46.18 100,000 USD 0
USDNOK# 155 -60.24 -112.84 100,000 USD 0
USDSEK# 112.5 -41.12 -130.02 100,000 USD 0
AUDJPY# 1.6 0 0 100,000 AUD 0
AUDNZD# 2.1 0 0 100,000 AUD 0
CADJPY# 2.2 0 0 100,000 CAD 0
CADCHF# 1.5 0 0 100,000 CAD 0
CHFSGD# 20.5 -22.27 -2.57 100,000 CHF 0
EURCAD# 1.3 0 0 100,000 EUR 0
EURPLN# 47.5 -56.04 -12.04 100,000 EUR 0
GBPSGD# 22 -6.59 -20.49 100,000 GBP 0
EURSGD# 10.5 -10.63 -12.93 100,000 EUR 0
EURTRY#**** 680 -5,081.49 1,311.51 100,000 EUR 0
GBPCAD# 2.5 0 0 100,000 GBP 0
GBPNZD# 3.6 0 0 100,000 GBP 0
NZDCAD# 1.7 0 0 100,000 NZD 0
NZDCHF# 1.5 0 0 100,000 NZD 0
NZDJPY# 1.8 0 0 100,000 NZD 0
NZDUSD# 1.3 0 0 100,000 NZD 0
SGDJPY# 11.1 -8.33 -8.58 100,000 SGD 0
USDCAD# 1.6 0 0 100,000 USD 0
USDHUF# 31.7 -65.89 -9.29 100,000 USD 0
USDSGD# 12 -4.46 -17.06 100,000 USD 0
USDTRY#**** 420 -5,073.14 700.16 100,000 USD 0
EURUSD# 0.8 0 0 100,000 EUR 0
USDCHF# 1.3 0 0 100,000 USD 0
AUDUSD# 1.2 0 0 100,000 AUD 0
AUDCHF# 0.8 0 0 100,000 AUD 0
CHFJPY# 1.3 0 0 100,000 CHF 0
EURCHF# 1.8 0 0 100,000 EUR 0
EURJPY# 1.4 0 0 100,000 EUR 0
GBPAUD# 1.9 0 0 100,000 GBP 0
GBPCHF# 2.1 0 0 100,000 GBP 0
GBPJPY# 1.5 0 0 100,000 GBP 0
USDHKD#**** 3 -1.09 -11.01 100,000 USD 0
USDZAR# 10.9 -30.83 -7.63 100,000 USD 0
USDCNH#**** 3 -9.46 -3.46 100,000 USD 0
GBPUSD# 1 0 0 100,000 GBP 0
EURGBP# 1.6 0 0 100,000 EUR 0
EURHKD#**** 38 -62.83 -66.53 100,000 EUR 0
GBPSEK# 96.4 -54.8 -153.5 100,000 GBP 0
AUDCAD# 1.8 0 0 100,000 AUD 0
EURHUF# 25 -85.72 5.08 100,000 EUR 0
EURNZD# 2.2 0 0 100,000 EUR 0
NZDSGD# 12.6 -2.64 -11.54 100,000 NZD 0
USDPLN# 28.5 -36.37 -26.47 100,000 USD 0
EURAUD# 1.6 0 0 100,000 EUR 0
USDJPY# 0.9 0 0 100,000 USD 0
EURSEK# 79.6 -92 -96.4 100,000 EUR 0
See Also
Forex & CFDs auf Aktien, Indizes, Öl und Gold bei XM™MT4 Download | MetaTrader 4 Plattform herunterladenÜber XM – Was ist XM.COM?30:1 Hebelwirkung | Flexible Hebelwirkung von 1:1 bis zu 30:1
Currency Pair Spread as low as (pips) Long Swap Value
(Points)**		 Short Swap Value
(Points)**		 Value of 1 lot Limit and Stop Levels***
EURDKKm#**** 39 -54.38 -70.08 1,000 EUR 0
EURHKDm#**** 38 -62.83 -66.53 1,000 EUR 0
EURNOKm# 125.3 -110.26 -79.16 1,000 EUR 0
EURZARm# 103.6 -435.13 26.77 1,000 EUR 0
GBPDKKm#**** 101.4 -29.06 -107.56 1,000 GBP 0
GBPSEKm# 96.4 -54.8 -153.5 1,000 GBP 0
USDMXNm# 159.7 -503.82 46.18 1,000 USD 0
USDNOKm# 155 -60.24 -112.84 1,000 USD 0
USDSEKm# 112.5 -41.12 -130.02 1,000 USD 0
AUDJPYm# 1.6 0 0 1,000 AUD 0
AUDNZDm# 2.1 0 0 1,000 AUD 0
CADJPYm# 2.2 0 0 1,000 CAD 0
CHFSGDm# 20.5 -22.27 -2.57 1,000 CHF 0
EURCADm# 1.3 0 0 1,000 EUR 0
EURHUFm# 25 -85.72 5.08 1,000 EUR 0
EURPLNm# 47.5 -56.04 -12.04 1,000 EUR 0
EURSGDm# 10.5 -10.63 -12.93 1,000 EUR 0
EURTRYm# 680 -5,081.49 1,311.51 1,000 EUR 0
GBPCADm# 2.5 0 0 1,000 GBP 0
GBPNZDm# 3.6 0 0 1,000 GBP 0
NZDCHFm# 1.5 0 0 1,000 NZD 0
NZDJPYm# 1.8 0 0 1,000 NZD 0
NZDUSDm# 1.3 0 0 1,000 NZD 0
SGDJPYm# 11.1 -8.33 -8.58 1,000 SGD 0
USDCADm# 1.6 0 0 1,000 USD 0
USDPLNm# 28.5 -36.37 -26.47 1,000 USD 0
USDSGDm# 12 -4.46 -17.06 1,000 USD 0
USDTRYm# 420 -5,073.14 700.16 1,000 USD 0
GBPUSDm# 1 0 0 1,000 GBP 0
USDJPYm# 0.9 0 0 1,000 USD 0
USDCHFm# 1.3 0 0 1,000 USD 0
AUDCHFm# 0.8 0 0 1,000 AUD 0
CHFJPYm# 1.3 0 0 1,000 CHF 0
EURAUDm# 1.6 0 0 1,000 EUR 0
EURJPYm# 1.4 0 0 1,000 EUR 0
GBPAUDm# 1.9 0 0 1,000 GBP 0
GBPCHFm# 2.1 0 0 1,000 GBP 0
USDHKDm#**** 3 -1.09 -11.01 1,000 USD 0
USDZARm# 10.9 -30.83 -7.63 1,000 USD 0
USDCNHm#**** 3 -9.46 -3.46 1,000 USD 0
EURSEKm# 79.6 -92 -96.4 1,000 EUR 0
USDDKKm#**** 36.5 -18.35 -88.35 1,000 USD 0
AUDCADm# 1.8 0 0 1,000 AUD 0
CADCHFm# 1.5 0 0 1,000 CAD 0
GBPSGDm# 22 -6.59 -20.49 1,000 GBP 0
EURNZDm# 2.2 0 0 1,000 EUR 0
NZDSGDm# 12.6 -2.64 -11.54 1,000 NZD 0
USDHUFm# 31.7 -65.89 -9.29 1,000 USD 0
EURUSDm# 0.8 0 0 1,000 EUR 0
AUDUSDm# 1.2 0 0 1,000 AUD 0
EURCHFm# 1.8 0 0 1,000 EUR 0
GBPJPYm# 1.5 0 0 1,000 GBP 0
GBPNOKm# 150 -81.18 -136.58 1,000 GBP 0
NZDCADm# 1.7 0 0 1,000 NZD 0
EURGBPm# 1.6 0 0 1,000 EUR 0
Currency Pair Commission per 100,000 USD traded***** Long Swap Value
(Points)**		 Short Swap Value
(Points)**		 Value of 1 lot Limit and Stop Levels***
AUDUSD. 3.5 USD -3.97 0.13 100,000 AUD 0
EURDKK.**** 3.5 USD -54.38 -70.08 100,000 EUR 0
USDSGD. 3.5 USD -4.46 -17.06 100,000 USD 0
AUDCHF. 3.5 USD 2.2 -7.3 100,000 AUD 0
EURAUD. 3.5 USD -8.77 -5.77 100,000 EUR 0
EURCHF. 3.5 USD 1.47 -12.83 100,000 EUR 0
EURNZD. 3.5 USD -17.64 -0.64 100,000 EUR 0
EURTRY. 3.5 USD -5,081.49 1,311.51 100,000 EUR 0
NZDSGD. 3.5 USD -2.64 -11.54 100,000 NZD 0
USDTRY. 3.5 USD -5,073.14 700.16 100,000 USD 0
EURCAD. 3.5 USD -9.62 -2.42 100,000 EUR 0
EURHKD.**** 3.5 USD -62.83 -66.53 100,000 EUR 0
USDHUF. 3.5 USD -65.89 -9.29 100,000 USD 0
USDSEK. 3.5 USD -41.12 -130.02 100,000 USD 0
CHFSGD. 3.5 USD -22.27 -2.57 100,000 CHF 0
EURGBP. 3.5 USD -5.35 0.35 100,000 EUR 0
EURPLN. 3.5 USD -56.04 -12.04 100,000 EUR 0
GBPSEK. 3.5 USD -54.8 -153.5 100,000 GBP 0
USDCAD. 3.5 USD -2.37 -6.17 100,000 USD 0
AUDCAD. 3.5 USD -5.07 -2.28 100,000 AUD 0
AUDJPY. 3.5 USD 6.97 -18.63 100,000 AUD 0
EURHUF. 3.5 USD -85.72 5.08 100,000 EUR 0
EURSGD. 3.5 USD -10.63 -12.93 100,000 EUR 0
GBPDKK.**** 3.5 USD -29.06 -107.56 100,000 GBP 0
USDDKK.**** 3.5 USD -18.35 -88.35 100,000 USD 0
GBPNZD. 3.5 USD -10.72 -8.62 100,000 GBP 0
EURUSD. 3.5 USD -7.27 1.13 100,000 EUR 0
EURZAR. 3.5 USD -435.13 26.77 100,000 EUR 0
GBPCHF. 3.5 USD 5.66 -18.74 100,000 GBP 0
USDNOK. 3.5 USD -60.24 -112.84 100,000 USD 0
USDPLN. 3.5 USD -36.37 -26.47 100,000 USD 0
USDZAR. 3.5 USD -30.83 -7.63 100,000 USD 0
GBPJPY. 3.5 USD 12.52 -44.58 100,000 GBP 0
USDJPY. 3.5 USD 10.89 -36.61 100,000 USD 0
EURNOK. 3.5 USD -110.26 -79.16 100,000 EUR 0
NZDUSD. 3.5 USD -1.61 -2.61 100,000 NZD 0
CADJPY. 3.5 USD 9.9 -22.6 100,000 CAD 0
EURSEK. 3.5 USD -92 -96.4 100,000 EUR 0
GBPNOK. 3.5 USD -81.18 -136.58 100,000 GBP 0
NZDCHF. 3.5 USD 3.7 -9.3 100,000 NZD 0
USDCHF. 3.5 USD 4.78 -15.02 100,000 USD 0
NZDCAD. 3.5 USD -1.93 -5.73 100,000 NZD 0
GBPUSD. 3.5 USD -4.26 -2.76 100,000 GBP 0
AUDNZD. 3.5 USD -10.68 -1.08 100,000 AUD 0
USDHKD.**** 3.5 USD -1.09 -11.01 100,000 USD 0
CHFJPY. 3.5 USD -2.81 -16.91 100,000 CHF 0
GBPCAD. 3.5 USD -5.85 -8.25 100,000 GBP 0
USDMXN. 3.5 USD -503.82 46.18 100,000 USD 0
GBPSGD. 3.5 USD -6.59 -20.49 100,000 GBP 0
EURJPY. 3.5 USD 7.25 -30.15 100,000 EUR 0
SGDJPY. 3.5 USD -8.33 -8.58 100,000 SGD 0
NZDJPY. 3.5 USD 7.66 -21.84 100,000 NZD 0
GBPAUD. 3.5 USD -3.52 -12.92 100,000 GBP 0
CADCHF. 3.5 USD 3.65 -9.07 100,000 CAD 0

Examples of the commission fee calculation (XM Zero Accounts only)

Example 1


To position Buy 3 lots USD/JPY, the transaction volume is 300,000 USD. Considering that for a USD 100,000 transaction size commission is charged for both opening and closing the position at USD 3.5 each, for this transaction it will be: 2 x (3.5 x 300,000 / 100,000) = 21 USD. The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).


Example 2


For a “Buy 2 lots EUR/USD” position the transaction size is 200,000 EUR which corresponds to 220,000 USD, given a EUR/USD exchange rate of 1.10000. Considering that for a USD 100,000 transaction size commission is charged for both opening and closing the position at USD 3.5 each, for this transaction it will be: 2 x (3.5 x 220,000 / 100,000) = 15.4 USD. The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).

See Also
Mitgliedsbereich-Login - XM.COM

FOREX TRADING HOURS
(GMT+2 time zone, please note DST may apply)
Monday – Friday: 00:05 – 23:50

** If you leave an open position for the next trading day, you pay or you obtain the certain amount, calculated on the basis of interest rates difference of two currencies in currency pair. This operation is called "swap." In the trading terminal, "swap" is automatically converted into the deposit currency. The operation is conducted at 00.00 (GMT+2 time zone, please note DST may apply) and can take several minutes. From Wednesday to Thursday swap is charged for three days.

*** Min. level for placing pending orders at a current market price.

****For all account types, the leverage for EURDKK, EURHKD, GBPDKK, USDDKK, USDHKD, and USDCNH is capped at 50:1, and for USDTRY, EURTRY it is capped at 100:1.

***** For instruments not denoted in USD calculations should be based at the current exchange rate (for XM Zero Accounts only)

About Forex Trading

Forex trading, or currency trading, or FX trading, as it can be also abbreviated, are all terms that describe the currency exchange market as we know it today, which in simple language refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. Prior to the current forex trading rates system, a monetary management system called the Bretton Woods Agreement was in existence, in which the exchange prices of currencies against each other were tied and correlated to the reserves of gold in possession of the two countries that were the originators of the actual currencies related to a transaction.

Forex Trading Marketplace

The forex trading marketplace, as it stands today, is the world’s largest and most liquid market due to a number of factors which include, but are not limited to, ease of performing transactions over the internet, the modern development of travelling, ease of international communication and modern transportation, which have made our world a smaller place.

By making our world a smaller and more global place, this automatically means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive.

Online Forex Trading

Among the main participants of the forex trading market, one of the most growing segments of the total pool of participants of the marketplace, are retail foreign exchange traders (individuals) who participate in online forex trading for mainly speculative reasons with the ultimate goal of generating a profit from currency fluctuations (market changes), or hedging unwanted currency risk.

This segment participates in the forex trading marketplace via a broker (like XM), or via a bank. In this case, the bank or the broker will issue the retail client a trading account that will be funded in a base currency (usually the local currency of the region where the client is domiciled), and the client will have the opportunity to buy and sell currencies both online and over the phone with the goal of deriving profit.

Forex Trading via a Broker

Participating in the forex trading market via a broker like XM means that the client receives access to real-time pricing of the forex market and is quoted buy and sell prices for a number of instruments via an online trading platform. The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish.

Forex Trading in the Global Currency Market (2024)

FAQs

Forex Trading in the Global Currency Market? ›

The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the world's largest and most liquid asset markets. Currencies trade against each other as exchange rate pairs.

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What is global forex trading? ›

The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the world's largest and most liquid asset markets. Currencies trade against each other as exchange rate pairs.

Learn More ›
How do you trade in international currency market? ›

Steps Required To Trade Forex
  1. Step 1: Research and select a broker. ...
  2. Step 2: Open a forex trading account. ...
  3. Step 3: Verify your identity. ...
  4. Step 4: Fund your forex account. ...
  5. Step 5: Research currencies and identify trading opportunities. ...
  6. Step 6: Size up your first forex trade. ...
  7. Step 7: Monitor and manage your position.

Find Out More ›
What is the currency market in forex? ›

The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency.

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Can you trade forex internationally? ›

Forex is traded via a global network of banks in what's known as an over-the-counter market – unlike shares and commodities, which are bought and sold on exchanges. Because of this, you can trade forex 24-hours a day. FX trading is split across four main 'hubs' in London, Tokyo, New York and Sydney.

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Do forex traders make money? ›

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

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How much do forex traders make a month? ›

Forex Trader Salary
Annual SalaryMonthly Pay
Top Earners$192,500$16,041
75th Percentile$181,000$15,083
Average$101,533$8,461
25th Percentile$57,500$4,791

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Is forex good for beginners? ›

Forex trading involves understanding complex concepts such as currency pairs, leverage, margin, and technical analysis. Beginners need to invest time in learning the basics before diving into live trading.

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Can you trade forex in the US? ›

Yes, forex brokers are legal in the U.S., but they must be registered with and regulated by the Commodity Futures Trading Commission (CFTC) and be members of the National Futures Association (NFA). This ensures compliance with strict financial standards and offers protection to traders.

See Details ›
Can I learn forex on my own? ›

Yes, you can learn forex trading on your own, and Ava Academy's free online courses provide a valuable starting point.

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Is forex trading legit? ›

Forex trading itself is not a scam, but there are certainly scammers who use the industry as a way to take advantage of unsuspecting investors. These scams come in many forms, from unscrupulous brokers to fake trading systems.

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What is a forex trader called? ›

Forex traders (foreign exchange traders) anticipate changes in currency prices and take trading positions in currency pairs on the foreign exchange market to profit from a change in currency demand. They can execute trades for financial institutions, on behalf of clients, or as individual investors.

Tell Me More ›
How long does it take to learn forex? ›

The amount of time it takes to master forex trading on your own will vary depending on your dedication and commitment to learning. Some traders may be able to grasp the basics within a few weeks, while others may take several months or even years to become consistently profitable.

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Can I trade forex with $100 dollars? ›

Overall, while it is possible to start trading forex with just $100, it is important for traders to approach it with caution and to have a solid understanding of the market and their own risk tolerance.

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Which forex broker is best in the USA? ›

Best Forex Brokers for 2024
  • IG - Best overall broker, most trusted.
  • Interactive Brokers - Great overall, best for professionals.
  • Saxo - Best web-based trading platform.
  • CMC Markets - Excellent overall, best platform technology.
  • FOREX.com - Excellent all-round offering.
  • TD Ameritrade - Best desktop platform, U.S. only.
Mar 30, 2024

Tell Me More ›
Do you need a license to trade forex? ›

Each brokerage firm must obtain a Forex trading license to work in the international brokerage market. This requires an application to the controlling authority of the chosen country. The rules for obtaining a Forex license may vary depending on the laws of the selected country.

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Is Global FX trading legit? ›

Global Fx is not a trusted broker because it is not regulated by a financial authority with strict standards. We recommend you open an account only with brokers that are overseen by a top-tier and stringent regulator. All the 100+ brokers reviewed on the BrokerChooser website meet this criteria.

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Is Global trading legit? ›

Global Trade is not regulated by any of the above top-tier regulators, therefore we recommend that you avoid it.

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What does a global trader do? ›

As an international trader, your responsibilities are to coordinate import and export operations for a company or your own business while following all legal requirements and regulations related to the import and export of goods, materials, or products from one country to another.

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