Quoted in pairs
A forex price is a ratio. Buying EUR/USD means you expect the euro to strengthen against the dollar; selling means the opposite. Both directions are available at all times.
Explore 01 / 06Forex
Asset class
Currency pairs, traded as CFDs
Trade available major, minor and selected emerging-market currency pairs. You take a position on the exchange rate — no currency is bought, sold or delivered.
Availability differs by account type and jurisdiction. The pairs listed here are indicative of the standard offering.
- Pairs available
- 60+
- Spreads from
- 0.6 pips
- Standard contract
- 100,000 units
- Minimum trade size
- 0.01 lots
- Trading week
- Mon 22:00 – Fri 21:00 UTC
When forex trades
Times in UTC
00:0006:0012:0018:0024:00
- Sydney ASX
- Tokyo TSE
- London LSE
- New York NYSE
Sydney ASX: 21:00–24:00 UTC, 0:00–6:00 UTC. Tokyo TSE: 0:00–9:00 UTC. London LSE: 7:00–16:00 UTC. New York NYSE: 12:00–21:00 UTC
- Overlap 12:00–16:00 UTC — highest liquidity
- Daily rollover 21:00 UTC
- Swap triple-charged Wednesday
Forex runs continuously through the trading week. Liquidity concentrates where sessions overlap — London/New York is the deepest window of the day.
InstrumentsFull instrument specs
What you can trade
Indicative conditions for a Standard account. Live values are shown in the platform and may differ.
| Symbol | Pair | Contract size | Min size | Spread from | Max leverage | Swap L / S |
|---|---|---|---|---|---|---|
| Majors | ||||||
| EUR/USD | Euro / US Dollar | 100,000 | 0.01 | 0.6 | 1:30 | -0.72 / +0.18 |
| GBP/USD | Pound / US Dollar | 100,000 | 0.01 | 0.9 | 1:30 | -0.84 / +0.11 |
| USD/JPY | US Dollar / Yen | 100,000 | 0.01 | 0.7 | 1:30 | +0.32 / -1.04 |
| AUD/USD | Aussie / US Dollar | 100,000 | 0.01 | 0.8 | 1:30 | -0.41 / +0.06 |
| USD/CHF | US Dollar / Franc | 100,000 | 0.01 | 1.1 | 1:30 | +0.28 / -0.93 |
| USD/CAD | US Dollar / Loonie | 100,000 | 0.01 | 1.2 | 1:30 | +0.14 / -0.77 |
| Minors | ||||||
| EUR/GBP | Euro / Pound | 100,000 | 0.01 | 1.0 | 1:20 | -0.55 / -0.09 |
| EUR/JPY | Euro / Yen | 100,000 | 0.01 | 1.3 | 1:20 | -0.18 / -0.61 |
| GBP/AUD | Pound / Aussie | 100,000 | 0.01 | 2.4 | 1:20 | -1.12 / +0.21 |
| Emerging | ||||||
| USD/TRY | US Dollar / Lira | 100,000 | 0.10 | 24.0 | 1:10 | +3.90 / -9.85 |
| USD/ZAR | US Dollar / Rand | 100,000 | 0.10 | 38.0 | 1:10 | +1.44 / -4.60 |
| USD/MXN | US Dollar / Peso | 100,000 | 0.10 | 31.0 | 1:10 | +1.02 / -3.71 |
Spread shown in pips. Figures are indicative and not an offer.Showing 12 of 12
Mechanics
How forex works here
Positions are cash-settled
Nothing is delivered. Profit or loss is the difference between your entry and exit price, multiplied by position size, settled in your account currency.
Held overnight, financed overnight
Positions open past 21:00 UTC are charged or credited a swap based on the interest-rate differential of the two currencies. Wednesday carries a triple charge for weekend value dates.
Costs
What a position costs
Four things can affect the cost of holding this instrument. All of them are shown before you confirm an order.
The difference between bid and ask. Widens outside liquid hours and around scheduled news.
Raw-spread accounts trade commission-per-lot instead. See account comparison.
Can be a credit or a debit depending on direction and rate differential.
Applies when an instrument settles in a currency other than your account currency.
Specific risks in forex
Leverage in forex magnifies both gains and losses. A 1% adverse move on a position leveraged 30:1 wipes out roughly 30% of the margin committed to it. Emerging-market pairs carry wider spreads, thinner liquidity and materially larger overnight financing costs than majors.
Next
Try forex on a demo first
A demo account runs on the same pricing and the same platform, with no funds at risk. Switch to live whenever you are ready.
Risk warning. CFDs are leveraged products and involve a high risk of losing money. Leverage can magnify both gains and losses. Make sure you understand how CFDs work and whether you can afford the risk involved. FXPolo does not provide investment advice, and nothing on this page is a recommendation to trade any instrument.
Instrument availability, spreads, leverage limits and trading hours vary by account type, client classification and jurisdiction, and are subject to change. All figures shown are indicative and are not an offer. Confirm live conditions in the trading platform or on the instrument specification page before trading.