Trade Forex CFD’s with Superior Trading Conditions at EFXglobal
Forex trading or FX 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 the currency. The quote currency tells us how much 1 unit of it is worth against 1 unit of the base currency. For example 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 movement in the exchange rate.
EFXglobal makes it easy to trade Forex with straight through processing, no dealing desk intervention, low trading commissions and competitive spreads. Our leading ECN price aggregation technology and low latency trade servers ensure exceptional trade execution at the best possible price.
No Account Fees
Flexible Leverage up to 1:400
No Requotes or Rejections
24 hours a Day / 5 Days a Week
Trading Platform on Desktop, Mobile or Tablet
When trading FX CFD’s at EFXglobal, 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 from Wednesday to Thursday. Please note that margin requirements differ by currency pair and may be subject to change according to the underlying liquidity and volatility of the currency pair. EFXglobal may change margin requirements if political and economic events may lead to rapidly changing or volatile market conditions.