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.

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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
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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.