FOREX

Forex traders love FX88 thanks to our competitive spreads, fast executions and access to major currencies.

 

Trade the world’s largest market

Forex is the world’s largest market with a daily trading volume of 5.1 Trillion! Trading the forex market allows you to buy and sell currencies, 24 hours a day, 5 days a week. Even better, you simply need an internet connection and a mobile or desktop device to do it.

Why Trade Forex?

  • Discover opportunites in both rising and falling markets
  • Access the largest and most liquid market 24/5
  • Enjoy leverage* to amplify your deposit value
  • Trade anywhere from any device
  • Choose from over 60 currency pairs

*Leverage can significantly increase your losses as well as your gains. It is important for traders to understand that they may lose more than their original invested amount. At FX88, the default maximum leverage is set to 1:50. Clients may request a higher leverage should the product be deemed appropriate for them.

 

Spreads

At FX88, our spreads are derived from top tier liquidity providers. Pricing is standardised at 5 decimal places (JPY is at 3 decimal place) to enhance accuracy.

Typical spreads under normal forex trading conditions

Major and Minor Pairs
Pair Premium Target Spread ECN Target Spread**
AUD/CAD 2 0.9
AUD/CHF 1.7 0.8
AUD/JPY 1.6 0.4
AUD/NZD 2.3 1
AUD/USD 1.3 0.4
CAD/CHF 1.8 0.9
CAD/JPY 1.7 0.4
EUR/AUD 1.6 0.4
EUR/CAD 2.2 1.1
EUR/CHF 1.5 0.7
EUR/GBP 2 0.5
EUR/JPY 13.2 0.4
EUR/NZD 2.7 1.4
EUR/USD 1.2 0.1
GBP/AUD 2.7 1.5
GBP/CAD 2.8 1.7
GBP/CHF 1.5 0.7
GBP/JPY 1.9 0.6
GBP/NZD 3.6 2.3
GBP/USD 1.5 0.3
NZD/CAD 2.2 1.1
NZD/CHF 1.9 1.1
NZD/JPY 2 0.7
NZD/USD 1.7 0.8
USD/CAD 1.8 0.7
USD/CHF 1.7 0.8
USD/JPY 7 0.3

*Slippage may occur during volatile market conditions

**For ECN accounts, a commission charge of US$7 / €6 / PLN25 per lot applies

 

 

Exotic Pairs
Pair Premium Target Spread ECN Target Spread**
EUR/DKK 8.3 2.5
EUR/HUF 12.2 9.7
EUR/NOK 17.1 9.7
EUR/PLN 10.5 7.2
EUR/SEK 16.5 8.9
EUR/TRY 12.8 9.8
USD/CNH 9.4 3.4
USD/DKK 11.2 5.4
USD/HKD 10.5 3.7
USD/HUF 9.5 7
USD/MXN 41.1 25.4
USD/NOK 24.1 16.7
USD/PLN 10 6.7
USD/SEK 22 14.4
USD/SGD 1.9 0.7
USD/TRY 6.8 3.8
USD/ZAR 50.3 39.1

*Slippage may occur during volatile market conditions

**For ECN accounts, a commission charge of US$7 / €6 / PLN25 per lot applies

At FX88, we offer different leverage based on our clients’ preference and trading ability.
Please refer to the available leverages based on the account types.

Margin Requirement is an initial deposit required to maintain open trading positions. A portion of your trading account funds will be set aside as a margin deposit and this will be dependent on your leverage setting.
To help you understand how margin requirement in forex trading works, we have prepared two examples below:

Example 1
Margin requirement for one standard contract position in EUR/USD at 1.15000 with a leverage of 1:100 is calculated as follows:
Margin = (1 * 100,000 * $1.1500) / (100) = $1150.00

Example 2
Margin requirement for one standard contract position in EUR/JPY at 122.760 with a leverage of 1:100 is calculated as follows:
Margin = (1 * 100,000 * $122.760) / (100) = JPY$122760

Assuming your MT4 account is denominated in USD, we will need to convert the margin requirement into USD:
Assuming the rate for USD/JPY is 109.725
Margin = $122.760 / 109.725 = $1118.79

It is important for traders to understand the meaning of Margin Call before they trade. Margin Call is a measure set by brokers to alert traders prior to their account funds falling below the Margin Requirement. This prevents liquidation of open positions due to insufficient Margin Requirement. At FX88, Margin Call is set at 80%, therefore, if your Equity (Balance – Open Positions Profit/Loss) falls below 80% of the margin required to maintain your positions, a notification within MT4 will alert you to make an additional deposit to maintain your open positions.

After Margin Call, you should understand the meaning of Stop Out Levels. If you are unable to maintain sufficient funds in your account after hitting the Margin Call level, and your account funds depreciates to the Stop Out level, your positions will be closed automatically to prevent further losses which might put you into negative. At FX88, Stop Out level is set at 50%.

The forex market is open 24 hours a day, 5 days a week (Monday – Friday). Trading is continuous between the standard trading hours for all currency pairs.

Server Time (GMT+2): Open from Sunday 00:00 | Close on Friday 23:59

*Our Server Time is set to GMT+2

Swaps

The term Swaps refers to the rollover interest (which is earned or paid) when you hold a position or positions overnight. The interest for positions held over the weekend will occur on Wednesday. Therefore, the interest applied on Wednesday will be for three days of rollover interest.

 

Major and Minor Pairs
Pairs Long Short
AUD/CAD 0.084 -5.009
AUD/CHF 3.534 -7.742
AUD/JPY 2.272 -6.603
AUD/NZD -4.44 0.084
AUD/USD -1.366 -1.48
CAD/CHF 1.851 -6.262
CAD/JPY 0.337 -4.896
CHF/JPY -5.123 0.589
EUR/AUD -13.32 5.638
EUR/CAD -10.019 2.104
EUR/CHF -.0455 -3.757
EUR/GBP -4.326 0.926
EUR/JPY -4.099 -0.797
EUR/NZD -18.102 8.752
EUR/USD -10.019 4.376
GBP/AUD -9.677 2.356
GBP/CAD -6.034 -2.163
GBP/CHF 2.609 -8.425
GBP/JPY -0.11 -5.693
GBP/NZD -14.573 5.47
GBP/USD -7.286 1.851
NZD/CAD 1.431 -6.489
NZD/CHF 4.292 -8.539
NZD/JPY 3.282 -7.628
NZD/USD 0.084 -2.846
USD/CAD 0.168 -6.262
USD/CHF 4.172 -9.905
USD/JPY 3.114 -8.425
 
Exotic Pairs
Pair Long Short
EUR/DKK -14.004 -15.597
EUR/HUF -12.524 -4.326
EUR/NOK -45.882 7.321
EUR/PLN -34.838 13.548
EUR/SEK -20.265 -16.508
EUR/TRY -204.475 118.652
USD/CNH -23.112 -4.782
USD/DDK 22.973 -56.47
USD/HKD 13.548 -48.842
USD/HUF 5.47 -21.859
USD/MXN -454.603 215.256
USD/NOK 13.212 -48.728
USD/PLN -5.237 -8.88
USD/SEK 29.873 -71.953
USD/SGD 1.346 -7.628
USD/TRY -147.436 81.289
USD/ZAR -284.625 137.501
SGD/JPY -0.228 -3.643
Risk warning: Trading leveraged products such as forex and CFDs carries a high level of risk and may not be suitable for all investors. There is a possibility to lose all your initial capital. Please ensure that you fully understand our Risk Disclosure Policy.