Forex

WHAT IS FOREX?

The Foreign Exchange market, also known as the Forex or FX market, was created in the early seventies as the international money markets evolved to a floating exchange rate system. Unlike other financial markets that operate in a centralised location via an exchange, Forex is simply a global network of central banks, financial institutions, corporations and individual traders all involved in the buying and selling of national currencies.

Another feature of the Forex market is that it operates 24 hours a day, 5 days a week from all the major financial centres of the world. Opening in Wellington, New Zealand and trading right through to New York via Sydney, Tokyo, Hong Kong and London. The extremely high volumes, estimated at US$ 4 trillion daily, deep liquidity and geographical dispersion characterises Forex as a market attractive to investors and speculators.

WHY TRADE FOREX WITH JadeFX?

MetaTrader trading Platform: MetaTrader4 is the globally respected platform for Forex and CFD trading. Its years of development, professional suite of analytical tools and algorithmic trading capabilities provide a powerful system for your access to markets. Main features are: real-time graphs, customizable technical indicators, trading systems programming tool, advanced orders like trailing stops and bracket orders, alerts, and more. Click here for more details on MetaTrader4.

No Extra Commissions, No Extra Fees: Forex attracts no exchange fees, the cost of trading is reflected in the bid/ask spread offered by the market maker. JadeFX Forex spreads are as low as 0.2 pips. There are no Extra commissions on your Forex trading, we only charge 0.5 Pips per Lot ( US$ 0.50 Per Mini-Lot Per RoundTurn to cover Operational costs) and the MetaTrader platform is free of charge.

24 Hours Trading: Forex is opened 24-hours a day, participants in the FX market can trade at any given event, any given time.

Flexibility: It is possible to open indistinctly long and short positions. With no restrictions on short selling (as in stocks for instance), participants have the chance to take position in any economic situation, bull market, bear market or sideways. Traders can also take positions in the same currency in opposite directions with the positions offsetting.

Hedging , Scalping and Speculation: You can use FX to speculate or simply to hedge your investments in foreign currencies.

Mini-lot trading*: JadeFX allows to trade FX with mini-lots, which are fractions of one lot. For instance, it is possible to trade 0.1 lot EURUSD, allowing to take a position worth as low as US$ 10'000 with only $50 at 200:1 margin requirement.

Margins: The “leverage” on JadeFX ,up to 1:200 on our standard accounts, is much higher compared to futures (1:15) or stocks (1:4), giving traders the ability to control large amounts of currencies with small margins, making trading highly profitable, but also highly risky.

Minimum Account Size: Minimum account size to open an FX account is US$ 400. Furthermore, accounts can be funded by credit card.

** Please note: "Increasing leverage may increase gains or losses on any given trade". Please read the Risk Disclosure at the bottom of the page.