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Forex

The world's biggest and most dynamic market, open around the clock and boasting an incredible daily trading volume of over $6 trillion.

Range of Markets Forex Share CFDs Metal CFDs Commodity CFDs Index CFDs

What is Forex

The forex market is a global decentralized market where currencies are traded. Currencies are always traded in pairs, where one currency is bought while the other is sold.

The value of a currency is determined by its relative value to another currency, which is why currency pairs are used in forex trading.

AUDUSD

Bid 0
Ask 0
Spread 0.0
buy sell

EURUSD

Bid 0
Ask 0
Spread 0.0
buy sell

GBPUSD

Bid 0
Ask 0
Spread 0.0
buy sell

USDCAD

Bid 0
Ask 0
Spread 0.0
buy sell

USDJPY

Bid 0
Ask 0
Spread 0.0
buy sell

NZDUSD

Bid 0
Ask 0
Spread 0.0
buy sell

USDCHF

Bid 0
Ask 0
Spread 0.0
buy sell

AUDCAD

Bid 0
Ask 0
Spread 0.0
buy sell

Spreads

Product Standard Account Advantage Account Alpha Account
SYMBOL AVE Commission AVE Commission AVE Commission
AUDUSD 1.7 0 USD 1.2 0 USD 0.0+ 6 USD
EURUSD 1.6 0 USD 1.2 0 USD 0.0+ 6 USD
GBPUSD 2.1 0 USD 1.6 0 USD 0.4 6 USD
USDCAD 2.0 0 USD 1.5 0 USD 0.3 6 USD
USDJPY 1.7 0 USD 1.2 0 USD 0.0+ 6 USD
NZDUSD 2.2 0 USD 1.7 0 USD 0.5 6 USD

Forex Trading Examples

background information

CURRENCY PAIR

Buy EUR/Sell USD

OPENING PRICE

1.18508

TRADE SIZE (LOTS)

9888

LEVERAGE

400:1

You decide to buy €100,000, the leverage on your trading account is 30:1. Therefore the margin required to open the position is (€100,000 x 1.18508) = USD $118,508/30 = USD $3,950.26.

Trading Profit

The price rises to 1.18823. You decide to close the long trade by selling at 1.18823 (the current sell price).

CLOSING PRICE

1.18823

GROSS PROFIT ON TRADE

€100,000 * (1.18823-1.18508) = USD $315

Trading Losses

The price falls to 1.18823. You decide to close the long trade by selling at 1.18823 (the current sell price).

CLOSING PRICE

1.18823

GROSS LOSS ON TRADE

€100,000 * (1.18823-1.18508) = USD -$315

Why Trade Forex with BCR

Over 40+ FX Pairs

It is possible to easily access majors, minors, emerging, and exotic currencies through your BCR MT4/MT5 account.

Spreads from 0.0+ pips

You can enjoy a consistent trading experience with BCR as it ensures that you always receive the best spreads available.

Up to 400:1 Leverage

Maximize your trading potential with BCR's high leverage of up to 400:1

Welcome to All Strategies

BCR offers the best environment to help you reach your full potential, whether you're a intra-day trader, news trader, or EA trader.

No Requotes

With our deep liquidity pool and lightning-fast execution speeds, rest assured that you won't miss out on trades due to rejections or delays.

Trusted & Regulated Broker

Trade with confidence, knowing that BCR is regulated by multiple leading financial authorities worldwide.

Explore more opportunities & potential with BCR now

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