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 1.18612 1.18589 1.18640 1.17859
AUDUSD 0.71389 0.71358 0.71569 0.70998
USDJPY 104.733 104.699 104.923 104.535
GBPUSD 1.30469 1.30431 1.31222 1.30178
NZDUSD 0.66912 0.66873 0.67036 0.66548
USDCHF 0.90432 0.90397 0.90910 0.90331
USDCAD 1.31276 1.31234 1.31592 1.31080
EURCAD 1.55705 1.55632 1.55882 1.54985
EURCHF 1.07263 1.07202 1.07276 1.06998
EURGBP 0.90934 0.90894 0.91060 0.90197
EURJPY 124.216 124.172 124.217 123.399
EURNZD 1.77352 1.77253 1.77693 1.76603
AUDCHF 0.64563 0.64505 0.64741 0.64336
AUDCAD 0.93713 0.93653 0.93880 0.93340
EURAUD 1.66209 1.66130 1.66635 1.65513
GBPAUD 1.82828 1.82730 1.83820 1.82528
AUDJPY 74.767 74.715 74.905 74.350
AUDNZD 1.06735 1.06672 1.06877 1.06524
GBPCAD 1.71254 1.71184 1.72184 1.71097
GBPCHF 1.17982 1.17917 1.18796 1.17764
GBPJPY 136.630 136.570 137.309 136.347
GBPNZD 1.95080 1.94940 1.96280 1.94770
CADCHF 0.68919 0.68851 0.69125 0.68762
CADJPY 79.811 79.752 79.896 79.564
CHFJPY 115.849 115.784 115.895 115.210
NZDJPY 70.081 70.015 70.132 69.679
DXY 96.135 96.075 96.180 96.010
USDCNH 6.66855 6.66489 6.68284 6.64853
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
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