WHAT IS FOREX?
The foreign exchange, or forex market is a “place” where different currencies are exchanged and traded.
In the free market economy, each country’s currency is measured according to supply and demand factors. The need for people, governments and institutions to exchange currencies every day is the reason why the forex market is the largest and most liquid financial market in the world.
In fact, according to the Bank for International Settlements Triennial Central Bank Survey of foreign exchange and OTC derivative markets in 2016, trading in forex markets averaged $5.1 trillion per day in April 2016.
One of the main advantages of forex trading is that there is no need of a central market place and currency trading is conducted electronically “over-the-counter”. The market is open 24 hours a day, 5 days a week from the open in south-east Asia on Monday to the close in New York on Friday afternoon.
TRY A RISK-FREE EXPERIENCE
Open a demo account to gain market experience and try out new strategies without taking any financial risk.
TRADE CFDs ON THE FOREIGN EXCHANGE MARKET
We offer low competitive spreads and fast, efficient execution on more than 100 currency pairs including major, minor crosses, exotic and Nordic pairs.
With ALB, traders can capitalize on both rising and falling markets and have the opportunity to trade all the major FX pairs and more than 100 other currency pairs in a professional and safe environment, with low competitive spreads and an award-winning trading platform.
FOREX TRADING CONDITIONS
Check out the spreads, margin requirements and trading hours for some of the FX pairs we offer:
|MAJOR PAIRS||SPREADS*||LEVERAGE||TRADING HOURS||PIP VALUE**|
|EURUSD||1.5||1.1||0.9||0.7||1:30||1:100||Sun 23:05 – Fri 22:55 CET||USD 10|
|GBPUSD||1.8||1.4||1.2||1||1:30||1:100||Sun 23:05 – Fri 22:55 CET||USD 10|
|USDJPY||1.6||1.2||1||0.8||1:30||1:100||Sun 23:05 – Fri 22:55 CET||JPY 100|
|USDCHF||1.9||1.5||1.3||1.1||1:30||1:100||Sun 23:05 – Fri 22:55 CET||CHF 10|
|USDCAD||1.8||1.4||1.2||1||1:30||1:100||Sun 23:05 – Fri 22:55 CET||CAD 10|
|AUDUSD||1.7||1.3||1.1||0.9||1:20||1:100||Sun 23:05 – Fri 22:55 CET||USD 10|
|NZDUSD||1.8||1.4||1.2||1||1:20||1:100||Sun 23:05 – Fri 22:55 CET||USD 10|
|XAUUSD||21||17||15||13||1:20||1:100||Mon 00:05 – Fri 22:59 CET||USD 10|
* Target spread. The underlying market spread may vary throughout the trading day, and depends on the market conditions. The platform spread thus may also vary. ** Pip value indicated is based on a standard contract traded. Pip value may vary according to the size of the trade.
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Our CFDs are leveraged products which can carry a high level of risk to your capital and investing in them can result in losses that exceed your initial deposit. Investors do not own, or have any rights to, the underlying assets. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary.