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Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market.
Forex CFD trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. In forex CFD trading, currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).
Forex CFDs
Facts
- Over 61 currency pairs
- Tight spreads from 0.0 pips
- Up to 1:30 leverage
- Deep liquidity
- Trade 24 hours a day,
five days a week
Forex CFD Spreads
otcmarkets offers Forex CFD traders some of the tightest spreads out of all Forex CFD brokers globally with our EUR/USD spread averaging 0.1 pips. Tight spreads combined with our low latency enterprise grade hardware makes otcmarkets
the ideal choice for active day traders and those using Expert Advisors. The table at the bottom of this page shows our minimum and average spreads across all CFDs on the major currency pairs.
How does Forex CFD Trading work?
Forex CFD trading is similar to trading CFDs on shares or futures except that when trading forex CFDs you are buying or selling one currency against another and you do not take delivery of the underlying currency. One of the key advantages Forex CFDs
have over CFDs on other financial instruments is that relatively small lot sizes can be traded – lot sizes can be as small as 1000 units (one micro lot). Typically, Forex CFD trading also involves leverage which in some cases
can be as high as 1:30, which is very different to trading shares where no leverage is involved.