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During times of high volatility and/or low liquidity, spreads may be higher than the typical and as low as spreads published on the website. This can include, but is not limited to the market open and around 5 pm EST during trading hours. Typical spreads may not be available for Managed Accounts and accounts referred by an Introducing Broker.
Ideal for traders who want a traditional currency trading experience.
No commissions, traditional competitive
For traders who are seeking ultra-tight spreads with low commissions.
Spreads as low as 0.0.
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Frequently asked questions
Where is forex traded?
Forex is traded via a global network of banks in what’s known as an over-the-counter market – unlike stocks and commodities, which are bought and sold on exchanges. Because of this, you can trade forex 24 hours a day during market hours.
FX trading is split across four main ‘hubs’ in London, Tokyo, New York and Sydney. When banks in one of these areas close, those in another open, which is what facilitates round-the-clock trading.
However, there’s no physical location where these banks and individuals trade with each other. Instead, it is entirely online.
Why do people trade currencies?
People trade currencies for lots of different reasons. You’ve probably traded a currency if you’ve ever bought goods overseas, for example, or gone on a vacation in another country. However, the vast majority of FX trading is done for profit.
Currencies are constantly moving in value against each other. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc. Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return.
For instance, if the pound is rising against the dollar, you might buy GBP/USD. When you buy this pair, you’re buying pound sterling (GBP) by selling the US dollar (USD). Then, if the pound continues to outpace the dollar, you can sell the pair to exchange your GBP back for USD and keep the difference as profit.
When is the forex market open for trading?
The forex market is open for trading 24 hours a day from 5 PM ET on Sunday to 5 PM ET on Friday. That means with FX, you can build your trading strategy around your schedule, instead of having to conform to when a stock exchange is open.
However, there are times when the market is much more active, and times when it is comparatively dormant.
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*Refers to FX executions for the FOREX.com group. Please note that multiple factors may impact execution speed, including but not limited; market conditions, platform type, network connectivity, trading strategies, and account type. FOREX.com's execution statistics represent orders executed on FOREX.com's platforms during market hours between May 31, 2023, 5:00 pm ET, and June 30, 2023, 5:00 pm ET for all FOREX.com's international affiliates and exclude trades/orders entered on the MetaTrader platform.
Market volatility, volume, and system availability may delay trade executions. Price can change quickly in fast market conditions, resulting in an execution price different from the price available at the time order is submitted. Price improvement is not guaranteed and will not occur in all situations.
Excludes trades that received non-standard order processing and orders that failed to trigger