Forex

Facts

Over 61 currency pairs

Tight spreads from 0.0 pips

Up to 1:500 leverage

Deep liquidity

Trade 24 hours a day,
five days a week

OPEN a Raw Spread ACCOUNT

Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market.

Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).

Forex Spreads

Onyxnumber offers Forex traders some of the tightest spreads out of all Forex exchange brokers globally with our EUR/USD spread averaging 0.1 pips. Tight spreads combined with our low latency enterprise grade hardware makes Onyxnumber the ideal choice for active day traders and those using Expert Advisors. The table at the bottom of this page shows our minimum and average spreads across all of the major currency pairs.

How does Forex
Trading work?

Forex trading is similar to trading shares or futures except that when trading foreign exchange you are buying or selling one currency against another and you do not take delivery of the underlying currency. One of the key advantages Forex has over other financial instruments is that relatively small lot sizes can be traded - lot sizes can be as small as 1000 units (one micro lot). Typically, foreign exchange also involves leverage which in some cases can be as high as 1:500, which is very different to trading shares where no leverage is involved.

Forex Trading Examples

Selling: EUR/USD

The gross profit on your trade is calculated as follows:

Opening Price

€200,000 x 1.33623 = USD $267,246

Closing Price

€200,000 x 1.32129 = USD $264,258

Gross Profit on Trade

$2988

Opening the Position

The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.

Closing the Position

One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by buying back 2 standard lots at 1.32129.

Spreads

Forex

Major Minor Exotic

* MIN - minimum, AVG - average

Search by Symbol

Table Skin

Product

Raw Spread Account

SYMBOL

DESCRIPTION

MIN

AVG

MIN

AVG

AUDUSD

Australian Dollar vs United States Dollar

0

0.17

0.6

0.77

Major

Raw Spread Account

Standard Account

EURUSD

Euro vs United States Dollar

0

0.02

0.6

0.62

Major

Raw Spread Account

Standard Account

GBPUSD

British Pound vs United States Dollar

0

0.23

0.6

0.83

Major

Raw Spread Account

Standard Account

USDCAD

United States Dollar vs Canadian Dollar

0

0.25

0.6

0.85

Major

Raw Spread Account

Standard Account

USDCHF

United States Dollar vs Swiss Franc

0

0.19

0.6

0.79

Major

Raw Spread Account

Standard Account

USDJPY

United States Dollar vs Japanese Yen

0

0.14

0.6

0.74

Major

Raw Spread Account

Standard Account

Product

Raw Spread Account

Standard Account

SYMBOL

DESCRIPTION

MIN

AVG

MIN

AVG

AUDUSD

Australian Dollar vs United States Dollar

0

0.17

0.6

0.77

Major

Raw Spread Account

Standard Account

EURUSD

Euro vs United States Dollar

0

0.02

0.6

0.62

Major

Raw Spread Account

Standard Account

GBPUSD

British Pound vs United States Dollar

0

0.23

0.6

0.83

Major

Raw Spread Account

Standard Account

USDCAD

United States Dollar vs Canadian Dollar

0

0.25

0.6

0.85

Major

Raw Spread Account

Standard Account

USDCHF

United States Dollar vs Swiss Franc

0

0.19

0.6

0.79

Major

Raw Spread Account

Standard Account

USDJPY

United States Dollar vs Japanese Yen

0

0.14

0.6

0.74

Major

Raw Spread Account

Standard Account

Product

Raw Spread Account

Standard Account

SYMBOL

DESCRIPTION

MIN

AVG

MIN

AVG

AUDUSD

Australian Dollar vs United States Dollar

0

0.17

0.6

0.77

Major

Raw Spread Account

Standard Account

EURUSD

Euro vs United States Dollar

0

0.02

0.6

0.62

Major

Raw Spread Account

Standard Account

GBPUSD

British Pound vs United States Dollar

0

0.23

0.6

0.83

Major

Raw Spread Account

Standard Account

USDCAD

United States Dollar vs Canadian Dollar

0

0.25

0.6

0.85

Major

Raw Spread Account

Standard Account

USDCHF

United States Dollar vs Swiss Franc

0

0.19

0.6

0.79

Major

Raw Spread Account

Standard Account

USDJPY

United States Dollar vs Japanese Yen

0

0.14

0.6

0.74

Major

Raw Spread Account

Standard Account

Spreads generated from data between 24/05/2021 and 28/05/2021

Start trading

global markets today!

OPEN TRADING ACCOUNT Client Login

×

Live Support

Search

Account/Login Issues

What leverage does Onyxnumber offer? Why can I not log into my demo account? Can I have multiple trading accounts with Onyxnumber? more...

Withdrawal/Deposit

How do I make money trading Forex? Is trading the forex market expensive? How long does it take for funds to appear in my live account? more...

Trading Conditions

What is Onyxnumber policy regarding slippage? Is Scalping and Hedging allowed? Can I set pending orders in the MetaTrader 4? more...

Trading Platform

How do I manage risk when trading Forex? I want to change the time on my charts, can I do this? Where can I find information about the swap rates? more...

Start Live Chat