Forex

At FX88, we offer competitive spreads with access to major currencies and an optimised system for quality executions.

Trade the world’s largest market

Forex trading allows you to buy and sell currencies, 24 hours a day, 5 days a week.

Why trade Forex?

  • You can find opportunities in both rising and falling markets.
  • Access the largest and most liquid market with a daily turnover of $5.3 trillion.
  • Leverage* provides traders the ability to hold larger positions for a fraction of the value required.

* Leverage can significantly increase your losses as well as your gains. Therefore, it may not be suitable for all investors as traders may lose more than their initial investment amount.

Spreads

Our spreads are derived from the top liquidity providers. Pricing is standardized at 5 decimal places (JPY is at 3 decimal place) to enhance accuracy.

Typical spreads under normal forex trading conditions

Major and Minor Pairs

Pair Standard Target Spread Premium Target Spread ECN Target Spread** Limit and Stop Level#
AUD/CAD 4.5 4.1 1.1 50
AUD/CHF 4.3 4 1.2 50
AUD/JPY 4.3 4 0.7 50
AUD/NZD 5.1 4.6 1.1 50
AUD/USD 2.8 2.5 0.6 50
CAD/CHF 4.7 4.3 1.2 50
CAD/JPY 4 3.8 1 50
CHF/JPY 4 4 1.3 50
EUR/AUD 4.7 4.2 1.1 50
EUR/CAD 5.7 5.3 1.1 50
EUR/CHF 3.5 3.2 0.7 50
EUR/GBP 2.6 2.4 0.5 50
EUR/JPY 3.5 3.1 0.6 50
EUR/NZD 7.1 6.6 2.5 50
EUR/USD 2.3 2 0.1 50
GBP/AUD 5.7 5.2 2 50
GBP/CAD 5.6 5.2 2 50
GBP/CHF 4.7 4.4 2 50
GBP/JPY 4.3 3.9 1.3 50
GBP/NZD 7.7 7.2 3.4 50
GBP/USD 3 2.7 0.8 50
NZD/CAD 5.3 4.9 1.6 50
NZD/CHF 5.6 5.3 1.5 50
NZD/JPY 4.3 4 1.2 50
NZD/USD 3.3 3 0.8 50
USD/CAD 3.7 3.4 0.7 50
USD/CHF 3.3 3 0.6 50
USD/JPY 2.7 2.4 0.3 50

*Slippage may occur during volatile market conditions
**For ECN accounts, a commission charge of US$7 / €6 / PLN$25 per lot applies

Exotic Pairs

Pair Standard Target Spread Premium Target Spread ECN Target Spread** Limit and Stop Level#
EUR/DKK 17.8 15.5 2.5 50
EUR/HUF 27.2 26.2 20.8 50
EUR/NOK 34.1 31.1 14.6 50
EUR/PLN 21.1 19.8 12.4 50
EUR/SEK 36.5 33.5 16.5 50
EUR/TRY 23.4 22.2 15.4 50
USD/CNH 20.3 17.9 4.6 50
USD/DKK 20.7 18.4 5.4 50
USD/HKD 21.9 19.2 3.9 50
USD/HUF 27.2 26.2 20.8 50
USD/MXN 66.8 60.5 25.4 50
USD/NOK 39.2 36.2 19.7 50
USD/PLN 20.7 19.4 12 50
USD/SEK 34.6 31.6 14.6 50
USD/SGD 4.4 4 1.2 50
USD/TRY 19.1 17.9 11.1 50
USD/ZAR 88.7 84.2 59.1 50

*Slippage may occur during volatile market conditions
**For ECN accounts, a commission charge of US$7 / €6 / PLN$25 per lot applies

Trading Hours

The forex market is open 24 hours a day, 5 days a week. Trading is continuous between the standard trading hours for all currency pairs.

Server Time (GMT+2): Open from Sunday 00:00 | Close on Friday 23:59

*Our Server Time is set to GMT+2

Leverage Levels

There are different leverages to cater to our clients' trading preference, with leverage up to 1:500.

Please refer to the available leverages based on the account types.

Margin Requirement

Margin Requirement is an initial deposit required to maintain open positions. A portion of your trading account funds will be set aside as a margin deposit and this will be dependent on your leverage setting.

Example 1
Margin requirement for one standard contract position in EUR/USD at 1.15000 with a leverage of 1:100 is calculated as follows:
Margin = (1 * 100,000 * $1.1500) / (100) = $1150.00

Example 2
Margin requirement for one standard contract position in EUR/JPY at 122.760 with a leverage of 1:100 is calculated as follows:
Margin = (1 * 100,000 * $122.760) / (100) = JPY$122760

Assuming your MT4 account is denominated in USD, we will need to convert the margin requirement into USD:
Assuming the rate for USD/JPY is 109.725
Margin = $122.760 / 109.725 = $1118.79

Margin Call

Margin Call is a measure set by the brokerage to alert traders before their account funds fall below the Margin Requirement. This will prevent positions from liquidation due to insufficient Margin Requirement. At FX88, Margin Call is set at 80%, therefore, if your Equity (Balance – Open Positions Profit/Loss) falls below 80% of the margin required to maintain your positions, a notification within MT4 will be sent to alert you to make additional deposit to maintain your open positions.

Stop Out Level

If you are unable to maintain sufficient funds in your account after hitting the Margin Call level, and your account funds depreciates to the Stop Out level, your positions will be closed automatically to prevent further losses into the negative territory. At FX88, Stop Out level is set at 50%.

Swaps

It is a rollover interest (that is earned or paid) when traders hold their positions overnight. The interest for positions held over the weekend will occur on Wednesday. Therefore, the interest applied on Wednesday will be for three days of rollover interest.

Major and Minor Pairs

Pairs Long Short
AUD/CAD 0.396 -4.039
AUD/CHF 3.247 -7.484
AUD/JPY 2.218 -6.415
AUD/NZD -3.326 -0.713
AUD/USD 0.109 -2.02
CAD/CHF 2.059 -5.94
CAD/JPY 0.871 -4.514
CHF/JPY -4.871 0.554
EUR/AUD -12.593 5.623
EUR/CAD -9.742 3.01
EUR/CHF -0.713 -3.326
EUR/GBP -4.277 0.871
EUR/JPY -3.564 -0.713
EUR/NZD -17.226 7.524
EUR/USD -8.791 3.168
GBP/AUD -9.979 2.693
GBP/CAD -5.702 -0.238
GBP/CHF 2.218 -7.841
GBP/JPY -0.11 -5.108
GBP/NZD -13.424 4.435
GBP/USD -5.94 0.792
NZD/CAD 1.03 -4.752
NZD/CHF 3.406 -7.603
NZD/JPY 2.614 -6.653
NZD/USD 0.317 -2.97
USD/CAD -0.95 -3.683
USD/CHF 3.406 -8.672
USD/JPY 1.901 -6.89

Exotic Pairs

Pairs Long Short
EUR/DKK -10.336 -17.464
EUR/HUF -12.236 -2.831
EUR/NOK -47.758 8.712
EUR/PLN -36.59 13.781
EUR/SEK -13.187 -22.691
EUR/TRY -205.286 110.801
USD/CNH -43.362 9.821
USD/DKK 18.374 -52.153
USD/HKD 5.623 -40.163
USD/HUF 3.247 -16.276
USD/MXN -470.448 178.913
USD/NOK 4.514 -37.422
USD/PLN -10.336 -3.683
USD/SEK 24.869 -69.023
USD/SGD -0.238 -5.94
USD/TRY -152.42 79.042
USD/ZAR -332.64 133.452
SGD/JPY 0.45 -4.158

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