Forex Table

INSTRUMENT Typical Spread (Pips) Standard Leverage Margin Overnight Interest (daily) SELL Overnight Interest (daily) BUY Trading Hours GMT
AUD/CAD 5.0 200:1 0.50% -4.656 -9.635 24/5
AUD/CHF 5.0 200:1 0.50% -12.516 -0.279 24/5
AUD/JPY 5.0 200:1 0.50% -9.962 -0.284 24/5
AUD/NZD 9.0 200:1 0.50% -5.770 -6.070 24/5
AUD/USD 2.2 200:1 0.50% -3.900 -5.500 24/5
CAD/CHF 4.9 200:1 0.50% -15.010 -0.700 24/5
CAD/JPY 4.9 200:1 0.50% -14.150 -1.430 24/5
CHF/JPY 4.9 200:1 0.50% -14.556 -7.370 24/5
EUR/AUD 5.7 200:1 0.50% -2.585 -18.990 24/5
EUR/CAD 5.3 200:1 0.50% -0.262 -23.373 24/5
EUR/CHF 2.8 200:1 0.50% -8.100 -5.090 24/5
EUR/DKK 15.0 200:1 0.50% -37.042 -43.552 24/5
EUR/GBP 2.6 200:1 0.50% -0.609 -8.970 24/5
EUR/HUF 49.0 200:1 0.50% -24.395 -39.675 24/5
EUR/JPY 2.3 200:1 0.50% -3.900 -6.570 24/5
EUR/NOK 46.0 200:1 0.50% -1.301 -112.318 24/5
EUR/NZD 9.7 200:1 0.50% -0.060 -25.720 24/5
EUR/PLN 43.8 200:1 0.50% -1.316 -62.330 24/5
EUR/SEK 42.2 200:1 0.50% -30.937 -18.016 24/5
EUR/USD 1.5 200:1 0.50% -2.000 -14.560 24/5
GBP/AUD 9.2 200:1 0.50% -3.165 -11.454 24/5
GBP/CAD 9.0 200:1 0.50% -2.358 -16.276 24/5
GBP/CHF 5.5 200:1 0.50% -14.240 -0.702 24/5
GBP/JPY 5.6 200:1 0.50% -10.795 -3.937 24/5
GBP/NZD 11.5 200:1 0.50% -2.901 -17.447 24/5
GBP/USD 2.6 200:1 0.50% -0.917 -10.990 24/5
NZD/CAD 5.5 200:1 0.50% -3.870 -9.100 24/5
NZD/CHF 5.1 200:1 0.50% -13.333 -1.560 24/5
NZD/JPY 6.6 200:1 0.50% -10.606 -1.410 24/5
NZD/USD 2.7 200:1 0.50% -4.900 -6.590 24/5
USD/CAD 2.5 200:1 0.50% -8.788 -8.360 24/5
USD/CHF 2.7 200:1 0.50% -14.180 1.600 24/5
USD/DKK 15 200:1 0.50% -102.000 -15.327 24/5
USD/HUF 51 200:1 0.50% -53.300 -6.353 24/5
USD/JPY 1.7 200:1 0.50% -14.395 0.249 24/5
USD/MXN 84 200:1 0.50% 37.277 -600.881 24/5
USD/NOK 52 200:1 0.50% -62.450 -14.512 24/5
USD/PLN 38 200:1 0.50% -36.600 -22.638 24/5
USD/SEK 49 200:1 0.50% -109.020 -13.987 24/5
USD/SGD 49 200:1 0.50% -13.100 -12.990 24/5
USD/ZAR 68 200:1 0.50% 38.570 -377.130 02:50-21:50
EUR/ZAR 102 100:1 1.00% 70.86 -707.33 02:50-21:50
USD/ILS 54 200:1 0.50% -70.370 -27.370 06:01-15:59
USDTRY 37 100:1 1.00% -6.461 -832.165 24/5
EURTRY 52 100:1 1.00% -21.380 -953.059 24/5
USDHKD 79 200:1 0.50% -71.714 -52.035 24/5
USDCZK 40 200:1 0.50% -24.438 -13.750 24/5
USDCNH 52 25:1 4% -66.290 -87.76 24/5
USDRON 80 200:1 0.50% -39.650 --53.980 24/5
USDILS 41 200:1 0.50% -70.370 -27.370 24/5

* Standard lot size is 100000
*CNY = CNH – Offshore Chinese Renminbi

What is forex trading?

Currency trading or forex trading provides clients with the opportunity to take advantage of price movements in a currency pair’s exchange rate. Traders can position themselves in the market before an upward or downward move and potentially profit from an increase or decrease in the exchange rate by opening buy or sell positions respectively. 

Currency pairs are categorized in three different tiers; major, minor and exotic according to their trading volume and popularity among speculators. Major currency pairs consist of the USD on one hand and the currency of a developed and powerful economy on the other such as that of the GBP, EUR or CAD.

However, while major currency pairs make up for most of the trading volume in the forex market and are the most popular and cost-effective pairs to trade, minor and exotic pairs also offer exciting opportunities due to the increased volatility in their daily trading sessions.

Forex trading advantages

  • Diverse range of tradable currency pairs
  • Deep market liquidity and rapid order execution
  • Low fees and high leverage
  • High profit potential regardless of market direction

What affects a currency pair’s value?

The exchange rate of currency pairs constantly fluctuates due to an array of fundamental factors and economic indicators that can impact a country’s economy and investor’s confidence into its long-term performance.

Interest rates, Gross Domestic Product (GDP) figures, unemployment estimates and political developments are just a few indicators that can highly affect how a currency performs on the global stage.

Traders that stay abreast of these developments can often predict the future direction of the price and enter trades with a favorable outcome even when a currency’s value is dropping.

MORE INFO:

Instrument– The FX currency pair or underlying asset of the CFD product to be traded.

Country– The country that the equity or bond is based in.

Lot size– The lot size traded on each platform (Note: CM Trading in MT4 represents the standard lot size).

Standard Spread– The difference between the BID & the ASK price quote for each instrument under normal market conditions.

Margin Per Lot– The required margin to open a single lot of each instrument (Note: It is shown in notional terms).

Overnight Interest Sell/Buy– The overnight interest debited/credited in daily % terms for each instrument.

Trading Hours– The time that trading is available for the specified instrument.

Exchange– The exchange of the underlying asset.

Risk Warning:
Trading CFD’s on margin carries a high level of risk, and may not be suitable for all investors.

The FX  Trading Conditions display the Standard Bid-Ask Spread (Pips) for FX Instruments unless otherwise stated. Standard Spreads are as stated under Normal Market Conditions. Spreads can widen depending on market conditions up to a maximum of Standard Spread x3 (Triple).

We, at CM Trading, are proud of our state of the art order execution, competitive spreads, and most importantly our amazing service and support. We strive to make our client's experience an enjoyable one and value the relationship of each of our account holders and business partners.

*Secondary Currency is the Second Currency quoted in an FX pair (CUR1/CUR2 USD/JPY, EUR/USD, etc.)

Example

For a 1,000 EUR/USD Trade, with a Spread of 3 pips (0.0003), the calculation is as follows:

0.0003 X 1,000 = $0.30*

CM Trading is compensated through the Bid-Ask spread, except when otherwise stated.

CM Trading does not charge commissions on any trade.

All Instruments are traded on Margin allowing you to Leverage your positions. The FX Trading Conditions display both Margin & Leverage Amounts; Margin is displayed as a Percentage (%) while Leverage is displayed as a Ratio.

Percentage Margin Formula: Trade Size x Margin (%) = Margin Required in Primary Currency*

Leverage Margin Formula: Trade Size / Leverage = Margin Required in Primary Currency*

*Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)

Example

For a 1,000 EUR/USD Trade, with a Margin Requirement of 0.50% or Leverage of 200:1, the calculation are as follows:

Percentage Margin Requirement: 1,000 x 0.005 = €5.00

Leverage Margin Requirement: 1,000 / 200 = €5.00.

The FX  Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a daily basis for holding a position open past our End of Day time. These rates are displayed in the “Overnight Interest – Buy” and “Overnight Interest – Sell” columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

You can use the following formula to calculate your Daily Overnight Interest amount:

Trade Amount x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

*Overnight Interest Charged/Paid will be calculated in the Primary Currency; Primary Currency is the First Currency quoted in an FX pair (CUR1/CUR2: USD/JPY, EUR/USD, etc.)

Example

Formula is derived from Lot size, LIBOR rate and current market RATE

For a 1,000 EUR/USD Trade, with a Daily Overnight Interest Buy (or Sell) rate of -0.000056 points and subject to a charge for 1 day, the calculation is as follows:

1,000 x -0.000056 = -0.056 = -€0.05* rounded

Note: CM Trading platforms display overnight interest (swaps) in annualised terms.

Spreads:

All Spreads are Over Market. FX Standard Spreads are as stated under Normal Market Conditions. Gold & Silver spreads may be wider than stated from approx 22:00 – 02:00 GMT. Crude & Brent Oil spreads may be wider than stated from approx 22:00 – 05:00 GMT. Crude Oil & Natural Gas spreads may be wider during Weekly Inventories. PIP FX Pairs = 0.0001; 1 PIP JPY FX Pairs = 0.01. FX Floating: Typical Spreads are an indication only and may widen due to volatile market conditions FX Floating: Typical Spreads are derived from the median value of the respective spreads during trading hours (07.00-18.00 GMT) from a previous quarter.

Overnight Interest Rates:

All Overnight Interest Rates are indicative and subject to change. MT4 FX, Gold & Silver Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Wednesday before. MT4 Non-FX (excl. Gold & Silver) Positions: Saturday/Sunday Overnight Interest will be Debited/Credited on the Friday before.

Margin:

Margin requirements can increase based on position size.

Maximum Trades/Orders:

MetaTrader Minimum Nominal Trade Size = 0.01 Trading Hours may change due to Daylight Savings Time.

Did you know…?

The most popular and widely traded currency pair in the forex market is the EUR/USD. Despite being one of the newer currency pairings, the EUR/USD has dominated the market to become the most liquid and attractive major currency pair in the market for both beginner and seasoned traders.

Both Europe and the U.S are economic powerhouses and their currencies are actively traded as part of international trade. In fact, the U.S dollar is the de facto reserve currency of the world and the most valuable currency to hold.

As such, the high popularity of this pair offers increased liquidity and volatility on a daily basis, and this provides traders with lower trading costs and instant order execution at the most attractive prices.