Forex
Foreign exchange market, often called FX which is the process of buying one currency against the selling of the other. Until very recently, FX trading was only available for large financial institutions, central banks, corporations, the very wealthy and hedge funds. Now, thanks to the internet anyone can trade currencies.
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Leverage up to 1:30
High Execution Speed
130+ Instruments
Popular FX Pairs
More info about Forex
Why Trade Currencies?
Most traded market in the world with a daily volume of $6,6 trillion as of 2020
Tight spreads / Lightning fast execution
Forex Market presents many trading opportunities in rising and falling market price
Forex is known to be the most common form of online trading and at Otex Ltd, we offer
you 60+ of your favorite currency pairs tradable on your customizable WebTrader platform.
Major
Major currency pairs are the most liquid pairs to trade which include the US Dollar. Such as the EUR/ USD and the USD/JPY.
Minor
Minor currency pairs do not have the USD and are known as crosses. Such as the EUR/GBP or the EUR/JPY.
Exotic
Exotic currency pairs can also be traded with us such as, the USD/NOK. These currency pairs are made up of a major currency pair coupled with the currency of a developing economy.
Trading on FX means that you are buying the difference or spread between the two currencies.
Daily volatility for most currencies is usually small. In general, world currencies move less than a percentage point during a trading day. This makes the FX market one of the least volatile markets in the world.
With Otex Ltd
we ensure that all transactions are fully automated which means your trades are executed efficiently and settled instantly. We call this “fast reliable trading”.
100% automated with no re-quotes or rejections unless upper and lower bounds are set to protect against price volatility. No dealing desk or algorithmic software intervention to push trades to the broker’s favor.
3 Steps for Trading
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