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Forex

The Forex (FX) market is considered to be the largest financial market in the world. MBG Markets provides traders with access to FX products. The transaction price is quoted based on the price of the underlying Forex. Traders in the market include banks, corporations, financial institutions, and retail investors. The FX market is also the most liquid market in the world. The average daily turnover in the FX market is US$5.1 trillions (based on the volume in April, 2016, provided by the Bank for International Settlements), and it is continuously growing. It is larger than the combination of stock and futures markets. Market liquidity is rapid so that investors can buy or sell currency immediately without delay.

Forex

Charts

  • Forex
Products Bid Ask High Low
EURUSD 1.10642 1.10622 1.10650 1.10606
AUDUSD 0.67894 0.67867 0.67938 0.67840
USDJPY 108.660 108.636 108.698 108.556
GBPUSD 1.29142 1.29111 1.29212 1.29108
NZDUSD 0.64053 0.64023 0.64084 0.63979
USDCHF 0.99366 0.99339 0.99373 0.99265
USDCAD 1.32832 1.32803 1.32834 1.32686
EURCAD 1.46955 1.46923 1.46966 1.46787
EURCHF 1.09939 1.09894 1.09932 1.09836
EURGBP 0.85693 0.85665 0.85666 0.85600
EURJPY 120.215 120.187 120.257 120.118
EURNZD 1.72789 1.72734 1.72845 1.72595
AUDCHF 0.67462 0.67419 0.67508 0.67360
AUDCAD 0.90182 0.90135 0.90216 0.90056
EURAUD 1.63004 1.62959 1.63057 1.62792
GBPAUD 1.90247 1.90204 1.90382 1.90081
AUDJPY 73.771 73.729 73.838 73.664
AUDNZD 1.06023 1.05980 1.06027 1.05959
GBPCAD 1.71523 1.71484 1.71589 1.71378
GBPCHF 1.28313 1.28266 1.28392 1.28222
GBPJPY 140.313 140.270 140.428 140.225
GBPNZD 2.01680 2.01600 2.01780 2.01520
CADCHF 0.74826 0.74780 0.74849 0.74723
CADJPY 81.823 81.779 81.885 81.714
CHFJPY 109.378 109.333 109.378 109.292
NZDJPY 69.600 69.550 69.634 69.476
DXY 97.240 97.180 97.465 97.160
USDCNH 7.03416 7.03167 7.03490 7.02498
Features
Examples
  • The Forex market is open 24 hours a day, 5 days a week
  • The Forex market is the most liquid in the world
  • Flexible leverage – up to 200:1
  • It is able to trade effectively by taking account of market movements

How does a Margin Forex Contract work?

Example 1-Buying 1 lot of EURUSD contract (which has a contract size of 100,000) in view that EUR will appreciate against USD.

Description Calculation
Buy/Long1 lot of EURUSD contract at the ask price 1.13330 1 x 100,000 x 1.13330 = USD113,330 (contract value denominated in the Right-Hand-Side (RHS) currency)
The leverage level set on your account is 100:1. It requires an Initial Margin to be deposited into your account, which is 1% of the contract value USD113,330 x 0.01 = USD1,133.30 (Initial Margin) Subject to underlying price movement
Closing 1 lot of EURUSD contract (Sell/Short) at the bid price 1.13830 (1.13830 - 1.13330) x 1 x 100,000 = USD500.00 profit

Example 2-Selling 1 lot of EURUSD contract (which has a contract size of 100,000) in view that EUR will depreciate against USD.

Description Calculation
Sell/Short 1 lot of EURUSD contract at the bid price 1.13450 1 x 100,000 x 1.13450 = USD113,450 (contract value denominated in the Right-Hand-Side (RHS) currency)
The leverage level set on your account is 100:1. It requires an Initial Margin to be deposited into your account, which is 1% of the contract value USD113,450 x 0.01= USD1,134.50(Initial Margin) Subject to underlying price movement
Closing 1 lot of EURUSD contract (Buy/Long) at the ask price 1.13850 (1.13850 - 1.13450) x 1 x 100,000 = USD400.00 loss