Forex - Liquidity At Your Fingertips

• Margin trading with very low margin requirements — leverage your investment up to 100 times
• Spot, Forward and OTC options
• Versatile trade orders
• Trading from your desktop on live tradable prices
• Trading on 160+ Forex currency crosses
• Low FX Bid/Ask spreads and no commissions above our minimum ticket fee threshold
• Spot Gold and Spot Silver

Direct online trading

Our platform enables you to trade Forex together with all our other investment products from a single integrated platform,  offering a wealth of market information and all the tools you need to trade successfully.

Leverage your Forex investments with our very low margin rates

 
Trade Forex on margin and leverage your investments for greater market effect. Our margin rates are some of the lowest available — you can be leveraged up to 100 times, where you need to maintain a 1% margin in your account.

Spot Gold and Spot Silver

In addition to our impressive range of FX currency crosses, we offer direct trading of Spot Gold and Spot Silver on live tradable prices.

SPOT FOREX TRADING

• Trade Spot Forex on 160+ Forex currency crosses.
• Immediate execution of trades below our autoexecution limit (please see our trading platform for more details).
• Trades above the autoexecution limit normally cleared in seconds.

Low Bid/Offer spreads

We maintain a tight trading spread between the bid and ask price that is fixed under all but the most volatile of market conditions. There are no additional costs or commissions above our minimum ticket fee threshold.

Immediate execution

 
Spot Forex below our auto-execution limit can be executed immediately on the quoted price. Our state-of-the-art Straight Through Processing (STP) technology allows us to maintain a strict, dependable policy, where the price you see is the price you pay when you click to buy or sell. We use 8 of the 10 top global investment banks for our liquidity.

Trade Orders

 
• Forex trade orders are used to open and close positions automatically when the market reaches the price you specify.
• All orders are confirmed when placed, executed or cancelled.
• Relate trade orders to conditionally link orders and set up more complex strategies.
• Use stop-loss orders to limit losses if the market moves against your position.

Limit orders

Use limit orders to automatically open Forex positions by buying the currency cross when the price falls to the price level you specify. Limit orders are also used for closing positions to take profit by selling the Forex cross when the price rises to a level you specify. ‘Day Orders’ are available for intra-day trading and ‘Good until Cancelled’ orders can be used for longer-term strategies.

Stop orders

Stop orders are available to limit losses to protect your investments against adverse market moves. Stop losses should always be placed along with Forex positions for disciplined trading, to avoid excessive losses.

 
Stop orders are available that are guaranteed against price slippage in all but extraordinarily volatile market conditions. We also offer Stop if Bid orders (triggered on the buy price) and Stop if Offer orders (triggered on the sell price) that can avoid positions being stopped out due to poor liquidity that can cause spreads to widen for short durations.

Market orders

 
Forex market orders are used to trade as soon as possible at the best price obtainable on the market. Spot Forex is normally used to trade Forex directly but under extreme market conditions, securing a price for Spot Forex may not be possible and market orders can be used instead.

Related trade orders

 
Use related trade orders to link orders together to create more complex trading strategies. If Done orders (also known as slave orders) are typically used to open a position with one order, a secondary order is only activated to close the position if the first order is executed.

One Cancels Other orders are often used to place both a stop loss and a profit taking (limit) order around a position — the first of the orders to execute automatically cancels the redundant order.

OPTIONS AND FORWARD OUTRIGHTS

 
• Immediate online price indications.
• Low option margin requirements.
• Fast, efficient online trading.
• Online assistance with setting up your option strategies.
• Forward outright Forex purchases for hedging business risks or speculative investments.
• Trade uncovered options without a corresponding spot position.

Forward outrights

 
Forex forward outrights enable you to take advantage of the interest rate differentials between two currencies and to hedge foreign exchange exposure risks. By purchasing a currency for a future date at a fixed price using a forward outright, you can avoid risky exposure to unpredictable foreign exchange fluctuations.

Forward outrights are purchased online through our Moneycorp Markets trading platform and the platform gives a strong price indication immediately for most trades.

Over the Counter (OTC) options

 
Moneycorp Markets supports plain vanilla, European style options, traded online through our Moneycorp Markets trading platform. Exotic options are also available on request. Moneycorp Markets gives a good indication of forward outrights and option prices from 1 week to 6 months — option dates outside this range, exotic options and multiple leg options are quoted on request.

Forex Trading Hours

 
Moneycorp Markets is open for Forex trading:
• from Monday 06:00 Sydney local time (currently Sunday 19:00 GMT)
• to Friday 17:00 New York local time (currently Friday 22:00 GMT)

Positions held until their Value Date

 
Spot Forex positions held at the end of the business day before their Value Date will be rolled over to a new Value Date on a Tom/Next basis. As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added a markup of +/- 0.25% (for retail accounts) plus an interest component of LIBOR/LIBID +/- 0.75% for any unrealized profit/loss on the position.

Conversion of profits and losses

 
Currency conversions of trading costs as well as profits and losses from trading activities are done using the close rate at New York (5pm New York time) plus/minus 0.5%.