Multi-Trillion Dollar Market
A colossal market in terms of daily turnover (around 5 Trillion per day), the Forex market is the epitome of trading opportunities. With CFI, you can trade dozens of currency pairs, 24 hours per day, 5 days per week.
The Forex market, also known as the FX market, has witnessed astronomical growth over the past 20 years, boosted by its low barriers for entry, availability of leverage and a vast range of currencies that cover many of the world’s countries.
Forex is simply the exchange of one currency to another. In other words, imagine you have some US Dollars and you believe the Euro is likely to appreciate against the Dollar due to a variety of reasons which could be economic, geopolitical, or seasonal in nature. You simply exchange your US Dollars for Euros and if the currency does indeed appreciate, you will sell it back and receive more Dollars than you initially had.Now imagine doing the above online, on an easy-to-use platform, employing leverage, and being able to do so any time of the day without any interruptions or the need for a middle man between you and your provider. It’s easy to envision the vast array of opportunities that could arise.
The Spread is the difference between the ‘bid price’ and the ‘offer price’. The bid price is where the investor can sell a position and the offer price is where the investor can buy a position. Given that markets are all about supply and demand, the more liquid and active a product is, the smaller the spread between the buying and selling price thus, making it a more competitive option for traders.At CFI, we are connected to several liquidity providers and exchanges, and offering competitive trading conditions is something we take very seriously. We are constantly working to provide even lower spreads and with recent advances in technology and deep enough liquidity, our efforts continue to
translate into reality.
|
Instrument
|
Target Spread
Zero Commission Account |
Target Spread
Dynamic Trader Account |
|---|---|---|
|
EUR/USD
|
1.5
|
as low as 0.0
|
|
GBP/USD
|
1.6
|
as low as 0.0
|
|
USD/CHF
|
1.6
|
0.2
|
|
USD/JPY
|
1.7
|
as low as 0.0
|
|
AUD/USD
|
1.6
|
0.2
|
|
NZD/USD
|
1.6
|
0.2
|
|
USD/CAD
|
2.2
|
0.2
|
|
Target Spread for the major Forex pairs.
Trading Hours from 00:05 to 23:55 GMT+3 Time |
||
Swaps, also known as rollovers, are interest rate amounts charged or earned for holding a buy or sell position overnight. The calculation takes into consideration the interest rate differential between two currencies (each currency has its own interest rate).Swaps are also applicable on Currencies and vary for several reasons, including overnight interest rates. Swap free accounts are also available.
Licenses: Merakifx Group Limited is the holding company of Merakifx Global, and Merakifx Limited (licensed under CySEC) is an associate of Merakifx Global Limited, which is authorized by the Securities and Exchange Commission of Mauritius. Merakifx.com is owned by Merakifx Group Limited and is operated by the Company Merakifx Global and its registered address is: Turkey, Istanbul, Fatih
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you could sustain a loss of some or all of your investment and therefore you should not risk investing money that you cannot afford to lose. You should be aware of all the risks associated with forex trading, and seek advice from an independent financial advisor if you have any doubts.
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Turkey, Istanbul
+90 531 333 89 23
info@merakifx.com