RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read full Risk Disclosure.
FOREX Trading
FXCC are an ECN - STP broker. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. FXCC does not operate a dealing desk, or make a market in forex. These four critical factors ensure that FXCC clients are enjoying the most transparent access to the FX markets.
Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker's own exposure to markets, determined by the volume of trade the broker is experiencing at any given time.
FXCC assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal. Regarded as the most popular trading platforms globally, MetaTrader 4 allows traders to apply their expert advisors and algorithmic trading methods as 'plug ins' into their platform to adjust and perfect their trading plans.
According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover. Through FXCC and its ECN - STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic.
FXCC has gathered together a team of knowledgable specialists to provide any assistance new, or experienced traders require when either setting up a new account, or to advise on issues concerning trading platform configuration.
Trading forex offers up unlimited opportunities to access and trade the financial markets. When looking to take advantage of these opportunities an FX broker such as FXCC, offering straight through processing into an electronic configured market, should be the minimum required standard and correct choice, for any traders looking to advance their trading.
Key benefits of FX trading through FXCC's ECN - STP model:
- Transparent ECN environment
- Comprehensive trading tools
- Economic Calendar
- Live news updates
- Global payment methods
- No dealing desk
- Full STP brokerage
- Variable leverage options
- Very tight Forex spreads
- State of the art charting tools and platforms
- Access to daily technical analysis
- Free Educational materials
- 24/5 Professional Customer Support
Forex trade example
Long position on 1 lot EUR/USD
Open Price = 1.06845
Closing Price = 1.07219
Account Leverage = 1:30
Required Margin to open 1 lot of EUR/USD at a 1:30 leverage is 3561.5 USD.
Profit/Loss Calculation
The Buy position (1 lot) was closed (sold) at a 1.07219 Bid price from a 1.06845 open.
Market movement = 1.07219 – 1.06845 = 374 points = 37.4 pips.
1 Pip of EUR/USD (per 1 lot) = $10.
P&L Calculation = $10 x 37.4 = $374
