Foreign exchange (forex) trading is the price speculation of one currency against another. Forex markets are traded as currency pairs where a trader will buy or sell one currency against a base currency. For example, a EUR/USD buy trade, represents buying EUR and selling USD.
The foreign exchange market is the largest financial market, with a turnover of more than $6 trillion a day in currency trades. With the high volume of trading, particularly in the spot market, traders can potentially take advantage of the high liquidity and volatility in the foreign exchange market.
Your experience in foreign exchange trading would depend on factors such as your trading style, trading plan or strategy, as well as your trade size. It would also depend on the trading platform you are using; their spreads, access for foreign exchange markets, currency pairs, plus additional tools and materials they have to offer.
As one of the leading forex brokers, Algo Trades aims to make trading accessible for everyone around the world, at low costs. With a Algo Trades trading account, you can trade forex CFDs, which allow you to speculate on the price movements of currency pairs.
With a Algo Trades forex trading account, you can access the global forex markets, given our seamless 24-hour access to currency trading. Algo Trades offers this access to foreign exchange markets via its powerful MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Open a forex trading account today to trade forex and start tapping on market opportunities.
Algo Trades provides traders access to the most liquid global foreign exchange markets. Experience a true institutional level of trading through our deep FX liquidity pools and become an active trader in global markets.
Trade
40+
Forex CFDs pairs
With an abundance of FX liquidity in our dark liquidity pool, Algo Trades is able to provide traders with some of the tightest foreign exchange spreads available. At Algo Trades , we strive to keep FX trading costs and exchange rates to a minimum.
FX spreads from
0.0
On Algo Trades RAW ECN accounts
Select your exposure to risk with leverage up to 500:1 for trading forex CFD to take advantage of market fluctuations.
Leverage is a trading tool that can provide traders with the possibility to generate substantial returns on their accounts, though this could also result in losses. When utilising leverage, you could also consider using stop losses to limit your downside risk.
Up to
500:1
Leverage on Algo Trades
As a regulated forex broker, Algo Trades offers transparent access to global Forex markets. Environment with no dealing desk intervention will allow forex traders to take advantage of market opportunities no matter how big they are.
Fund your account in
14
Different ways
To ensure the security of your account when trading forex, clients’ funds are held in fully segregated accounts with AA-rated banks. As such, all deposits are protected, which improves the overall safety of your funds.
The banks are
AA-rated
Trade 6 newly launched NDFs CFDs with leverage up to 20:1. NDFs involve two parties on opposite sides to agree on a set transaction amount of money at a contracted rate. NDFs are currency derivative contracts where the exchange of cash flows between the NDF and spot rate takes place.
Trade
6
NDF CFD pairs
Choose an account type and submit your application.
Fund your account using a wide range of funding methods.
Access 1000+ CFD instruments across all asset types on MT4 / MT5.