Forex CFD trading
Power up your investment portfolio with Forex CFDs. Pursue the world’s liquid financial market challenge and trade 40+ CFDs on major, minor, and exotic currency pairs.
Allow SmartSTP to guide you through the influential market trends, trading strategies, advanced analytical toolkit, and more.
Forex pairs available on SmartSTP
| Symbol | Description | Trading hours | |
|---|---|---|---|
| EURUSD | Euro vs. US Dollar | 24H | Buy Sell |
| GBPUSD | Great Britain Pound vs. US Dollar | 24H | Buy Sell |
| EURGBP | Euro vs. Great Britain Pound | 24H | Buy Sell |
| USDJPY | US Dollar vs. Japanese Yen | 24H | Buy Sell |
| AUDUSD | Australian Dollar vs. US Dollar | 24H | Buy Sell |
| NZDUSD | New Zealand Dollar vs. US Dollar | 24H | Buy Sell |
| USDCHF | US Dollar vs. Swiss Franc | 24H | Buy Sell |
| EURAUD | Euro vs. Australian Dollar | 24H | Buy Sell |
| EURNZD | Euro vs. New Zealand Dollar | 24H | Buy Sell |
| GBPAUD | Great Britain Pound vs. Australian Dollar | 24H | Buy Sell |
| GBPJPY | Great Britain Pound vs. Japanese Yen | 24H | Buy Sell |
| GBPNZD | Great Britain Pound vs. New Zealand Dollar | 24H | Buy Sell |
| NZDJPY | New Zealand Dollar vs. Japanese Yen | 24H | Buy Sell |
| USDHKD | US Dollar vs. Hong Kong Dollar | 10:00 - 18:00 | Buy Sell |
| EURPLN | Euro vs. Polish Zloty | 10:00 - 19:30 | Buy Sell |
| USDMXN | US Dollar vs. Mexican Peso | 8:00 - 20:00 | Buy Sell |
| USDPLN | US Dollar vs. Polish Zloty | 10:00 - 19:30 | Buy Sell |
| USDRUB | US Dollar vs. Russian Ruble | 10:00 - 18:00 | Buy Sell |
| USDTRY | US Dollar vs. Turkish Lira | 9:00 - 19:00 | Buy Sell |
| USDZAR | US Dollar vs. South African Rand | 9:00 - 20:00 | Buy Sell |
| USDINR | US Dollar vs. South India Rupee | 05:00-13:30 | Buy Sell |
| EURZAR | Euro vs. South African Rand | 09:00-20:00 | Buy Sell |
| GBPZAR | Great Britain Pound vs. South African Rand | 09:00-20:00 | Buy Sell |
| EURJPY | Euro vs. Japanese Yen | 24H | Buy Sell |
| USDCAD | US Dollar vs. Canadian Dollar | 24H | Buy Sell |
What is Forex?
Forex is short for foreign exchange and represents the process of changing one currency into another for multiple reasons, one of which is trading. The first mentioned currency in a pair is called the base currency, which is bought during an exchange. The other currency – the quote currency – is the one being sold.
Types of Forex pairs
Currency pairs are typically divided into three groups: major, cross, and exotic.
- Major pairs are the most actively traded and include EUR/USD, USD/JPY, GBP/USD, and USD/CHF.
- Cross pairs, also known as minor currency pairs, consist of major pairs, excluding USD. The seven most popular cross pairs are EUR/GBP, EUR/JPY, GBP/JPY, GBP/CAD, NZD/JPY, EUR/AUD, and CHF/JPY.
- Exotic pairs are the least traded currencies on the global market, which makes them highly volatile. Some examples of exotic pairs include USD/HUF, GPB/PLN, SEK/JPY, and USD/CZK.
Trading Forex CFDs
A CFD, or a contract for difference, is a financial derivative that allows online investors to trade Forex without buying or selling currencies. Instead, traders can speculate on the price changes of Forex pairs and make bids on those they think may be successful.
