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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 1.08742 1.08724 1.08788 1.08616
AUDUSD 0.65791 0.65765 0.66057 0.65679
USDJPY 110.376 110.354 110.570 110.124
GBPUSD 1.29843 1.29817 1.30069 1.29767
NZDUSD 0.63148 0.63120 0.63203 0.63045
USDCHF 0.97639 0.97616 0.97757 0.97519
USDCAD 1.32842 1.32815 1.32931 1.32730
EURCAD 1.44451 1.44408 1.44520 1.44231
EURCHF 1.06174 1.06132 1.06215 1.06033
EURGBP 0.83766 0.83738 0.83759 0.83549
EURJPY 120.018 119.990 120.174 119.740
EURNZD 1.72241 1.72209 1.72374 1.71917
AUDCHF 0.64240 0.64197 0.64570 0.64116
AUDCAD 0.87396 0.87352 0.87736 0.87264
EURAUD 1.65323 1.65280 1.65478 1.64430
GBPAUD 1.97395 1.97353 1.97727 1.96705
AUDJPY 72.617 72.576 72.995 72.466
AUDNZD 1.04210 1.04170 1.04545 1.04091
GBPCAD 1.72475 1.72430 1.72836 1.72374
GBPCHF 1.26773 1.26730 1.27060 1.26694
GBPJPY 143.308 143.267 143.707 143.157
GBPNZD 2.05650 2.05620 2.06120 2.05490
CADCHF 0.73520 0.73476 0.73614 0.73357
CADJPY 83.107 83.069 83.268 82.846
CHFJPY 113.064 113.028 113.119 112.870
NZDJPY 69.702 69.653 69.834 69.448
DXY 97.005 96.945 0. 0.
USDCNH 7.03454 7.03205 7.03667 7.02392
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