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Trade on the world’s largest market with a huge collection of currency pairs like EURUSD, GBPUSD, USDJPY and AUDUSD.
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What are forex CFDs?
FX CFDs are contracts that are used to trade on currency pairs with added leverage. Online traders often choose CFDs as you can speculate on the rise or fall of an FX pair’s value - without directly owning it. “Forex” stands for “foreign exchange” (or currency pairs) and “CFDs” stands for “Contract for Differences”. Read more about these terms in our FAQs below.
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| n/a | n/a | n/a |
| n/a | n/a | n/a |
| n/a | n/a | n/a |
| n/a | n/a | n/a |
| n/a | n/a | n/a |
The margins below only apply to MT4. We’ve introduced tiered margins on MT5. To learn more, see our Tiered Margins on MT5.
Major FX spreads
Go long or short on major currencies against the USD like EURUSD (Euro Dollar), USDCAD (Dollar Loonie) or GBPUSD (Pound Dollar).
Majors
| Currency pair | Typical Spread (pips)* on our Premier account | Typical Spread (pips)* on our Standard account | Margin |
|---|---|---|---|
| EURUSD | 0.0 | 1.4 | 1% |
| AUDUSD | 0.1 | 1.5 | 1% |
| EURCHF | 0.7 | 2.7 | 1% |
| EURGBP | 0.2 | 2 | 1% |
| EURJPY | 0.5 | 2.2 | 1% |
| GBPCHF | 1.2 | 3.8 | 1% |
| GBPJPY | 0.7 | 2.3 | 1% |
| GBPUSD | 0.2 | 1.8 | 1% |
| NZDUSD | 0.4 | 2 | 1% |
| USDCAD | 0.4 | 2 | 1% |
| USDCHF | 0.3 | 2 | 1% |
| USDJPY | 0 | 1.4 | 1% |
Minor FX spreads
Trade the price swings of powerful currencies in pairs that don’t include the US dollar, but note that currency rankings can change.
Minors
| Currency pair | Typical Spread (pips)* on our Premier account | Typical Spread (pips)* on our Standard account | Margin |
|---|---|---|---|
| AUDCAD | 1.1 | 2.6 | 1% |
| AUDCHF | 0.8 | 2.2 | 1% |
| AUDJPY | 1 | 2.3 | 1% |
| AUDNZD | 1.1 | 2.9 | 1% |
| CADCHF | 1.3 | 2.7 | 1% |
| CADJPY | 1.2 | 2.4 | 1% |
| CHFJPY | 1 | 3.2 | 1% |
| EURAUD | 1.3 | 2.5 | 1% |
| EURCAD | 0.7 | 3.4 | 1% |
| EURNZD | 1.7 | 3.2 | 1% |
| GBPAUD | 1.7 | 5.2 | 1% |
| GBPCAD | 1.7 | 4.8 | 1% |
| GBPNZD | 2.3 | 4.7 | 1% |
| NZDCAD | 1.1 | 3.1 | 1% |
| NZDCHF | 1.1 | 4.6 | 1% |
| NZDJPY | 1.1 | 2.5 | 1% |
Exotic FX spreads
These might be traded less often, but trading major currencies against emerging markets can create huge price swings - and returns!
Exotics
| Currency pair | Typical Spread (pips)* on our Premier account | Typical Spread (pips)* on our Standard account | Margin |
|---|---|---|---|
| AUDSGD | 1.5 | 6.3 | 2.00% |
| CADSGD | 2 | 6.8 | 2.00% |
| CHFSGD | 2.6 | 7.3 | 1% |
| EURMXN | 88.9 | 159.2 | 2.00% |
| EURNOK | 72.8 | 145.3 | 2.00% |
| EURPLN | 23.3 | 26.1 | 2.00% |
| EURSEK | 42.5 | 75.3 | 2.00% |
| EURSGD | 1.8 | 3.8 | 2.00% |
| EURZAR | 63.1 | 63.1 | 2.00% |
| GBPNOK | 118.5 | 148.4 | 2.00% |
| GBPSEK | 70.7 | 85.3 | 2.00% |
| GBPSGD | 2.4 | 4.8 | 2.00% |
| GBPZAR | 63.2 | 63.2 | 2.00% |
| MXNJPY | 1.1 | 1.3 | 2.00% |
| NOKJPY | 22.2 | 22.4 | 2.00% |
| NOKSEK | 25.5 | 28.1 | 2.00% |
| NZDSGD | 2 | 3.2 | 2.00% |
| SEKJPY | 20.2 | 20.4 | 2.00% |
| SGDJPY | 1.3 | 2.7 | 2.00% |
| USDCNH | 1.8 | 22.9 | 2.00% |
| USDMXN | 61.6 | 131.9 | 2.00% |
| USDNOK | 108.2 | 121.3 | 2.00% |
| USDPLN | 8.8 | 26 | 2.00% |
| USDSEK | 33.2 | 72.6 | 2.00% |
| USDSGD | 1.2 | 3.1 | 2.00% |
| USDZAR | 71 | 140.8 | 2.00% |
| XAUEUR | - | - | 1% |
Trade rolling FX Futures
Seek potential as prices rise and fall on our swap-free forex futures that don’t expire.
Forex futures
Trade our swap-free rolling forex futures with fixed spreads and no expiry dates.
Rolling FX Futures
| Symbol | From (lots) | To (lots) | Tier 1 Margin | From (lots) | To (lots) | Tier 2 Margin | From (lots) | To (lots) | Tier 3 Margin | From (lots) | To (lots) | Tier 4 Margin | From (lots) | To (lots) | Tier 5 Margin |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EURUSDfuture | 0 | 2.5 | 1% | 2.5 | 100 | 1% | 100 | 200 | 1% | 200 | 300 | 1% | 300 | over | 3% |
| GBPUSDfuture | 0 | 2.5 | 1% | 2.5 | 100 | 1% | 100 | 200 | 1% | 200 | 300 | 1% | 300 | over | 3% |
| EURGBPfuture | 0 | 2.5 | 1% | 2.5 | 100 | 1% | 100 | 200 | 1% | 200 | 300 | 1% | 300 | over | 3% |
FX trading hours
Rolling FX hours
Sun: 17:01-24:00 NY time
Mon-Thu: 00:00 - 16:59 and 17:05-24:00 NY time
Fri: 00:00-16:57 NY time
Rolling FX Futures hours
Sun: 18:01-24:00 NY time
Mon-Thu: 00:00 - 16:59 and 18:01 - 24:00 NY time
Fri: 00:00 - 15:59 NY time
Please note that USDRUB is set to close only and is not available for trading at any of the times listed above.
*Average prices are during London and New York sessions.
**Trading hours can change due to public holidays. Please check our Holiday Hours page for upcoming closures.
Please note that liquidity and spreads can change due to market conditions, spreads are variable and can widen overnight. The information in these tables is correct at the time of publication, we reserve the right to change the content at any time. For live updates, please refer to your trading platform or contact our Support teams.
Forex FAQs
What is forex & how do I trade FX pairs?
Forex (‘foreign exchange’ or ‘fx’) describes trading currencies in pairs, like EURUSD, on a decentralised over-the-counter global market. This allows traders to potentially profit from the increased (or decreased) value of a country’s currency in comparison to another. Each currency has an official abbreviation - in this case, EUR means ‘Euro’ & USD means ‘United States Dollar.
When trading forex online, your base currency is shown first (here as EUR) and is followed by the quote currency (here as USD). The values of these currencies change quickly which is reflected in the spread, i.e. the difference between bid & ask price.
You can trade online on the performance of currency pairs by opening a single position on a secure trading platform.
What is a ‘pip’ in forex trading?
A pip, short for ‘point in percentage’, is a very small measure of change in the value of a currency pair on the foreign exchange (forex) online market. It can be measured in terms of the quote or the underlying currency. It is a standardised unit for the smallest amount by which a currency quote can change, which is usually $0.0001 for USD-related currency pairs. A fractional pip or point is equivalent to 1/10 of a pip and there are 10 points to every 1 pip.
When trading forex, spreads with low pips (0.0 pip spreads) indicate that a product is traded very frequently but pips can also be used for risk management tools like Stop Loss orders.
Knowing your currency pair’s pip value allows you to manage your risk exposure, and potentially make the same profit across pairs. For example, if your Stop Loss equals 50 pips, the Take Profit could be 100-150 pips - as many think that having a SL/TP ratio of 1:2 or 1:3 is a good benchmark.
What’s the main difference between forex CFDs and pure forex?
CFD trading, or "Contract for Differences" trading, allows you to open positions on the price performance of an asset without owning the asset directly. This means you have the flexibility to choose whether you think something's value will go up or down.
However, pure forex trading involves physically exchanging a currency pair for the value of another currency.
At Equiti, we offer FX CFD trading, which enables you to speculate on the price of a currency pair without directly owning it.
What is a ‘stop loss’ order & why should I use it?
Arguably the most popular tool for reducing risk, stop loss orders are designed to limit loss on a security position that’s made an unfavourable move. When you place a stop loss order with a broker, you’re requesting to close the position once the instrument reaches a certain price. This is helpful as it means your trades need less monitoring and can help to limit losses, particularly in volatile markets.
Please also note that a stop loss is by no means a guarantee, positions may be affected by price gaps over market closures, data release or other economic factors.
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Find the right trading platform for your needs - we offer Equiti Trader App, MT4 and MT5.
