What is Forex Trading?

Foreign exchange (Forex or FX) trading is the buying and selling of global currencies. With a daily trading volume exceeding $7.5 trillion, the forex market is the largest and most liquid financial market in the world. It operates 24 hours a day, five days a week, across major financial centres in London, New York, Tokyo, and Sydney.

Forex trading involves exchanging one currency for another in pairs. When you trade EUR/USD, for example, you are simultaneously buying the Euro and selling the US Dollar. The goal is to profit from fluctuations in exchange rates between the two currencies.

At N1CM, we provide access to 60+ currency pairs spanning majors, minors, and exotic pairs, all with institutional-grade liquidity and competitive trading conditions.

Why Trade Forex with N1CM?

Tight Spreads

Trade major pairs with spreads starting from 0.0 pips on our ECN accounts. Our deep liquidity pool ensures you always get the best available pricing from top-tier liquidity providers.

Flexible Leverage

Access leverage up to 1:500 on major currency pairs. Our flexible leverage options allow you to maximise your trading potential while managing risk according to your strategy.

Fast Execution

Experience ultra-fast order execution with an average speed of under 30 milliseconds. Our advanced infrastructure and co-located servers ensure minimal slippage on every trade.

24/5 Market Access

Trade forex around the clock from Sunday evening to Friday night. Take advantage of opportunities across Asian, European, and American trading sessions whenever they arise.

Major Currency Pairs

Major pairs are the most traded currency pairs in the world, all involving the US Dollar. They offer the tightest spreads and highest liquidity.

Instrument Description Spread From (Pips) Leverage Up To Trading Hours
EUR/USD Euro vs US Dollar 0.0 1:500 24/5
GBP/USD British Pound vs US Dollar 0.2 1:500 24/5
USD/JPY US Dollar vs Japanese Yen 0.1 1:500 24/5
USD/CHF US Dollar vs Swiss Franc 0.3 1:500 24/5
AUD/USD Australian Dollar vs US Dollar 0.2 1:500 24/5
USD/CAD US Dollar vs Canadian Dollar 0.4 1:500 24/5
NZD/USD New Zealand Dollar vs US Dollar 0.4 1:500 24/5

Minor Currency Pairs

Minor pairs (also called cross pairs) are currency pairs that do not include the US Dollar. They generally have slightly wider spreads but still offer excellent trading opportunities.

Instrument Description Spread From (Pips) Leverage Up To Trading Hours
EUR/GBP Euro vs British Pound 0.4 1:400 24/5
EUR/JPY Euro vs Japanese Yen 0.5 1:400 24/5
GBP/JPY British Pound vs Japanese Yen 0.8 1:400 24/5
EUR/AUD Euro vs Australian Dollar 0.6 1:400 24/5
GBP/CHF British Pound vs Swiss Franc 0.9 1:400 24/5
AUD/JPY Australian Dollar vs Japanese Yen 0.6 1:400 24/5
CAD/JPY Canadian Dollar vs Japanese Yen 0.7 1:400 24/5
NZD/JPY New Zealand Dollar vs Japanese Yen 0.8 1:400 24/5

Exotic Currency Pairs

Exotic pairs consist of a major currency paired with a currency from a developing or emerging economy. These pairs tend to have wider spreads but can offer significant volatility and profit potential.

Instrument Description Spread From (Pips) Leverage Up To Trading Hours
USD/TRY US Dollar vs Turkish Lira 8.0 1:100 24/5
EUR/TRY Euro vs Turkish Lira 12.0 1:100 24/5
USD/ZAR US Dollar vs South African Rand 9.0 1:100 24/5
USD/MXN US Dollar vs Mexican Peso 7.5 1:100 24/5
USD/SGD US Dollar vs Singapore Dollar 2.5 1:200 24/5
USD/NOK US Dollar vs Norwegian Krone 15.0 1:200 24/5
USD/SEK US Dollar vs Swedish Krona 18.0 1:200 24/5
EUR/PLN Euro vs Polish Zloty 10.0 1:100 24/5

Benefits of Forex Trading

  • High Liquidity: The forex market is the most liquid market in the world, meaning you can enter and exit positions quickly with minimal price impact.
  • Low Barrier to Entry: Start trading forex with a minimum deposit of just $100. Leverage allows you to control larger positions with a smaller capital outlay.
  • Profit in Rising & Falling Markets: Unlike traditional stock investing, forex allows you to go long or short, profiting from both upward and downward price movements.
  • Advanced Risk Management: Utilise stop-loss orders, take-profit orders, and trailing stops to manage your risk effectively on every trade.
  • No Central Exchange: Forex is a decentralised over-the-counter (OTC) market, providing transparency and fair pricing from multiple liquidity providers.
  • Hedging Opportunities: Forex trading is commonly used by businesses and investors to hedge against currency exposure and reduce portfolio risk.
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