Trade forex

with low & stable spreads

The most popular currency pairs to trade are the ones that offer the most liquidity - i.e. the ones that people trade the most.

These include FX majors like AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY. These currency trading pairs are all available to trade completely swap-free at Expressfxt, so you can hold your positions for longer at no extra charge.

Other popular currency pairs that traders like to add to their portfolios are FX minors. These include AUDCAD, CADCHF, EURAUD, GBPCHF, and more. Most FX minors are also available with no overnight charges at Expressfxt.

You can see exactly which minors are included in the swap-free program in the instruments table on this page.

Leverage is essentially the ability to place trades with the use of borrowed capital.

Your broker gives you a sort of loan to add to your funds, so you can use less of your own money, but still access larger trading positions.

When combined with a solid risk management strategy, leverage in forex can lead to greater returns from FX trading, because it makes capitalizing on smaller price movements more lucrative.

But it can also lead to greater losses if you don't combine it with a well-thought-out risk management strategy.

To avoid excess losses and increase your chances of higher returns, make sure you plan your risk strategy and maintain a sensible level of exposure before choosing your preferred leverage option.

Margin in online forex trading is basically the amount of money that you need to open a position. It acts as collateral against any price movements.

Forex brokers usually determine this as a percentage of the total position size, based on your chosen leverage.

To open a forex trade online, you need to have enough funds in your account to meet the margin requirement for the trade.

You can gain more control over your trades by setting an appropriate margin level that aligns with your overall risk management strategy.

The Forex market (except for the exotic currency pairs) operates 24 hours a day, from 21:05 on Sunday until 20:59 on Friday (GMT +0).

When you factor in the time difference between different countries, you quickly realize that Forex traders can be active at any time throughout a given day.

It all depends on your chosen currency pair and trading strategy.

For example, if you're an FX trader trading the US dollar against the euro (EURUSD), you'll need to pay attention to the opening times of both European and US markets, since that's when your chosen currency pairs will be more actively traded.

And of course, you can't forget that volatility usually increases around important economic data releases and geopolitical news events. So you have to keep an eye on those too to trade efficiently.

Like our spreads, our margin requirements are also dynamic and may change under some circumstances. Specifically, this may happen:

• Shortly before and after important news releases

• Before and after weekends and holidays

• When your account equity changes

When important news is released, significant volatility and gaps can occur. Using high leverage in a highly volatile market is risky because sudden movements can result in larger losses. That’s why we cap leverage at 1:200 during news releases for all new positions for instruments impacted.

In cases when these intervals of increased margin requirements for different news releases are less than 15 minutes apart, these periods may be merged into one long period for the instruments involved. You’ll receive an email from us giving you full details of changes to margin requirements on your trading platform.

When the specified period has passed, the margin on positions opened during the period is recalculated based on the amount of funds in the account and the selected leverage value.

Closing a hedged order during the period of increased margin requirements will result in an unhedged position which is treated as a newly opened position. Thus, margin for this position is calculated based on the increased margin requirements and is distributed proportionally between the open transactions that involve the hedged financial instrument.

Margin requirements for the opening of new positions will be calculated on a maximum leverage of 1:200 from Friday at 18:00 GMT (three hours before the forex market closes) to Sunday at 22:00 GMT (one hour after the market opens).

For one hour after the market opens, your positions will remain at the increased margin requirements. One hour after the market opening, the margin on positions opened during the period of increased margin requirements is recalculated based on the amount of funds in your account and the leverage you’ve set.

The following rules apply when it comes to setting levels for pending orders:

• Pending orders along with SL and TP (for pending orders) must be set at a distance (at least the same as current spread or more) from the current market price.

• SL and TP in pending orders must be set at least the same distance from the order price as the current spread.

• For open positions, SL and TP must be set at a distance from the current market price which is at least the same as that of the current spread.

At Expressfxt, we know how it feels when your pending order falls in a price gap, so it’s only fair that we guarantee no slippage for virtually all pending orders that are executed at least 3 hours after trading opens for an instrument. However, if your order meets any of the following criteria, it will be executed at the first market quote that follows the gap:

• If your pending order is executed in market conditions that are not normal, such as during a period of low liquidity or high volatility.

• If your pending order falls in a gap but the difference in pips between the first market quote (after the gap) and the requested price of the order is equal to or exceeds a certain number of pips (gap level value) for a particular instrument.

Gap level regulation applies to specific trading instruments.

Swap-free trading is offered for: AUDNZD, AUDUSD, EURCHF, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDCHF, AUDJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPNZD, NZDJPY, and NZDCAD.

For instruments not included in the extended swap-free list, swaps are charged every day except for weekends. For more information on how swaps are calculated, check out our Help Center article. To help you estimate your swap costs, you can use our handy Expressfxt calculator.