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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 1.09193 1.09175 1.09189 1.08960
AUDUSD 0.65708 0.65683 0.65740 0.65410
USDJPY 107.847 107.821 107.910 107.669
GBPUSD 1.22135 1.22109 1.22221 1.21957
NZDUSD 0.61295 0.61266 0.61273 0.60979
USDCHF 0.97044 0.97018 0.97171 0.97015
USDCAD 1.39529 1.39502 1.39757 1.39488
EURCAD 1.52357 1.52306 1.52344 1.52196
EURCHF 1.05966 1.05921 1.05928 1.05866
EURGBP 0.89421 0.89391 0.89400 0.89267
EURJPY 117.751 117.723 117.751 117.368
EURNZD 1.78198 1.78147 1.78643 1.78077
AUDCHF 0.63769 0.63723 0.63813 0.63550
AUDCAD 0.91681 0.91633 0.91711 0.91400
EURAUD 1.66219 1.66173 1.66581 1.65932
GBPAUD 1.85916 1.85864 1.86481 1.85719
AUDJPY 70.865 70.821 70.928 70.455
AUDNZD 1.07231 1.07182 1.07379 1.07123
GBPCAD 1.70406 1.70356 1.70569 1.70342
GBPCHF 1.18522 1.18476 1.18625 1.18468
GBPJPY 131.713 131.667 131.803 131.357
GBPNZD 1.99320 1.99250 1.99970 1.99220
CADCHF 0.69573 0.69524 0.69567 0.69490
CADJPY 77.314 77.270 77.328 77.042
CHFJPY 111.158 111.109 111.134 110.824
NZDJPY 66.108 66.054 66.083 65.679
DXY 97.005 96.945 0. 0.
USDCNH 7.14478 7.14222 7.14933 7.13665
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