Forex Trading

What is Forex

Foreign exchange trading is also known as FX trading or forex trading. It provides the opportunity to speculate on price fluctuations within the FX market. The goal of FX trading is to forecast if one currency’s value will strengthen or weaken relative to another currency. A forex trader will encounter several trading opportunities each day, due to daily news releases.

FX traders take advantage of this by becoming extremely receptive to market news releases and then trade based upon the suspected market sentiment. FX is an industry term that is abbreviated from forex, and is commonly used instead of forex. However, forex is also an abbrieviation of foreign exchange.

Trading hours

Asset Trading hours (GMT): Daily Break time(GMT):
All Forex Assets Sun 21:00 – Fri 21:00
USD/RUB (WEB) Mon 07:05 – Fri 20:55 21:00 – 07:00
USD/RUB (GMXT) Mon 07:10 – Fri 20:55 20:55 – 07:05
EUR/RUB (WEB) Mon 07:05 – Fri 20:55 21:00 – 07:00
EUR/RUB (GMXT) Mon 07:10 – Fri 20:55 20:55 – 07:05

Fixed spreads, WEB platform

Account type Mini Standard Silver Gold Platinum
Currency pair Spread Spread Spread Spread Spread
AUD/CAD 3.8 3.3 3 3 2.3
AUD/CHF 3.7 3.2 2.9 2.9 2.2
AUD/HUF 29.8 29.3 29 29 28.3
AUD/JPY 3.2 2.7 2.4 2.4 1.7
AUD/NOK 6.7 3.0 3.0 3.0 2.9
AUD/NZD 4.9 4.4 4.1 4.1 3.4
AUD/SEK 6.7 5.1 3.0 3.0 2.9
AUD/SGD 2.7 2.0 2.0 2.0 1.1
AUD/USD 2.7 2.2 1.9 1.9 1.2
CAD/CHF 3.9 3.4 3.1 3.1 2.4
CAD/JPY 3 2.5 2.2 2.2 1.5
CHF/DKK 12.0 10.4 10.4 10.4 2.6
CHF/JPY 4 3.5 3.2 3.2 2.5
CHF/HUF 6.7 6.4 6.4 6.4 4.1
CHF/NOK 47.3 46.8 46.5 46.5 45.8
CHF/PLN 6.7 3.0 3.0 3.0 2.9
CHF/SEK 7.3 3.8 3.8 3.8 3.1
EUR/AUD 3.3 2.8 2.5 2.5 1.8
EUR/CAD 3.4 2.9 2.6 2.6 1.9
EUR/CHF 3 2.5 2.2 2.2 1.5
EUR/CZK 66.5 66 65.7 65.7 65
EUR/DKK 5.2 4.7 4.4 4.4 3.7
EUR/GBP 2.8 2.3 2 2 1.3
EUR/HKD 64 63.5 63.2 63.2 62.5
EUR/HUF 36 35.5 35.2 35.2 34.5
EUR/JPY 3.4 2.9 2.6 2.6 1.9
EUR/MXN 37 36.5 36.2 36.2 35.5
EUR/NOK 40 39.5 39.2 39.2 38.5
EUR/NZD 7 6.5 6.2 6.2 5.5
EUR/PLN 25 24.5 24.2 24.2 23.5
EUR/RUB 73.3 73.2 73.2 73.2 73.1
EUR/SEK 37 36.5 36.2 36.2 35.5
EUR/SGD 44 43.5 43.2 43.2 42.5
EUR/TRY 12.5 12 11.7 11.7 11
EUR/USD 2.5 2 1.7 1.7 1
EUR/ZAR 88 87.5 87.2 87.2 86.5
GBP/AUD 5.9 5.4 5.1 5.1 4.4
GBP/CAD 6.8 6.3 6 6 5.3
GBP/CHF 5.5 5 4.7 4.7 4
GBP/DKK 173 172.5 172.2 172.2 171.5
GBP/HUF 29 28.5 28.2 28.2 27.5
GBP/JPY 3.8 3.3 3 3 2.3
GBP/NOK 76.9 76.4 76.1 76.1 75.4
GBP/NZD 8.2 7.7 7.4 7.4 6.7
GBP/PLN 32 31.5 31.2 31.2 30.5
GBP/SEK 66.9 66.4 66.1 66.1 65.4
GBP/SGD 5 4.5 4.2 4.2 3.5
GBP/TRY 23.6 23.1 22.8 22.8 22.1
GBP/USD 2.9 2.4 2.1 2.1 1.4
GBP/ZAR 144 143.5 143.2 143.2 142.5
HKD/JPY 30 29.5 29.2 29.2 28.5
NOK/JPY 16 15.5 15.2 15.2 14.5
NZD/CAD 4.1 3.6 3.3 3.3 2.6
NZD/CHF 4 3.5 3.2 3.2 2.5
NZD/JPY 3.9 3.4 3.1 3.1 2.4
NZD/HUF 6.7 3.0 3.0 3.0 2.9
NZD/SGD 5 4.5 4.2 4.2 3.5
NZD/USD 2.9 2.4 2.1 2.1 1.4
SEK/JPY 6.6 6.1 5.8 5.8 5.1
SGD/JPY 57 56.5 56.2 56.2 55.5
TRY/JPY 36 35.5 35.2 35.2 34.5
USD/CAD 3.1 2.6 2.3 2.3 1.6
USD/CHF 2.5 2 1.7 1.7 1
USD/CNH 15 14.5 14.2 14.2 13.5
USD/CZK 74 73.5 73.2 73.2 72.5
USD/DKK 104 103.5 103.2 103.2 102.5
USD/HKD 64 63.5 63.2 63.2 62.5
USD/HUF 33 32.5 32.2 32.2 31.5
USD/JPY 2.6 2.1 1.8 1.8 1.1
USD/MXN 44.2 43.7 43.4 43.4 42.7
USD/NOK 41.4 40.9 40.6 40.6 39.9
USD/PLN 29.5 29 28.7 28.7 28
USD/RUB 49.1 48.6 48.3 48.3 47.6
USD/SEK 37.6 37.1 36.8 36.8 36.1
USD/SGD 44 43.5 43.2 43.2 42.5
USD/TRY 14.6 14.1 13.8 13.8 13.1
USD/ZAR 124.5 124 123.7 123.7 123
ZAR/JPY 2.5 2 1.7 1.7 1

Variable spreads, GMXTrader platform

Account type Mini Standard Silver Gold Platinum ECN
Currency pair Spread Spread Spread Spread Spread Spread
AUD/CAD 3.8 3.3 3 3 2.3 1.8
AUD/CHF 3.7 3.2 2.9 2.9 2.2 1.7
AUD/HUF 29.8 29.3 29 29 28.3 27.8
AUD/JPY 3.2 2.7 2.4 2.4 1.7 1.2
AUD/NZD 4.9 4.4 4.1 4.1 3.4 2.9
AUD/USD 2.7 2.2 1.9 1.9 1.2 0.7
CAD/CHF 3.9 3.4 3.1 3.1 2.4 1.9
CAD/JPY 3 2.5 2.2 2.2 1.5 1
CHF/JPY 4 3.5 3.2 3.2 2.5 2
CHF/NOK 36 34 33 33 32 30
EUR/AUD 3.3 2.8 2.5 2.5 1.8 1.3
EUR/CAD 3.4 2.9 2.6 2.6 1.9 1.4
EUR/CHF 3 2.5 2.2 2.2 1.5 1
EUR/CZK 55 54.5 54.2 54.2 53.5 53
EUR/DKK 5.2 4.7 4.4 4.4 3.7 3.2
EUR/GBP 2.8 2.3 2 2 1.3 0.8
EUR/HKD 64 63.5 63.2 63.2 62.5 62
EUR/HUF 36 35.5 35.2 35.2 34.5 34
EUR/JPY 3.4 2.9 2.6 2.6 1.9 1.4
EUR/MXN 37 36.5 36.2 36.2 35.5 35
EUR/NOK 40 39.5 39.2 39.2 38.5 38
EUR/NZD 7 6.5 6.2 6.2 5.5 5
EUR/PLN 25 24.5 24.2 24.2 23.5 23
EUR/RUB 421.5 421.2 420.9 420.9 420.5 420
EUR/SEK 37 36.5 36.2 36.2 35.5 35
EUR/SGD 44 43.5 43.2 43.2 42.5 42
EUR/TRY 12.5 12 11.7 11.7 11 10.5
EUR/USD 2.5 2 1.7 1.7 1 0.5
EUR/ZAR 88 87.5 87.2 87.2 86.5 86
GBP/AUD 5.9 5.4 5.1 5.1 4.4 3.9
GBP/CAD 6.8 6.3 6 6 5.3 4.8
GBP/CHF 5.5 5 4.7 4.7 4 3.5
GBP/DKK 173 172.5 172.2 172.2 171.5 171
GBP/HUF 29 28.5 28.2 28.2 27.5 27
GBP/JPY 3.8 3.3 3 3 2.3 1.8
GBP/NOK 76.9 76.4 76.1 76.1 75.4 74.9
GBP/NZD 8.2 7.7 7.4 7.4 6.7 6.2
GBP/PLN 32 31.5 31.2 31.2 30.5 30
GBP/SEK 66.9 66.4 66.1 66.1 65.4 64.9
GBP/SGD 5 4.5 4.2 4.2 3.5 3
GBP/TRY 23.6 23.1 22.8 22.8 22.1 21.6
GBP/USD 2.9 2.4 2.1 2.1 1.4 0.9
GBP/ZAR 144 143.5 143.2 143.2 142.5 142
HKD/JPY 30 29.5 29.2 29.2 28.5 28
NOK/JPY 16 15.5 15.2 15.2 14.5 14
NZD/CAD 4.1 3.6 3.3 3.3 2.6 2.1
NZD/CHF 4 3.5 3.2 3.2 2.5 2
NZD/JPY 3.9 3.4 3.1 3.1 2.4 1.9
NZD/SGD 5 4.5 4.2 4.2 3.5 3
NZD/USD 2.9 2.4 2.1 2.1 1.4 0.9
SEK/JPY 6.6 6.1 5.8 5.8 5.1 4.6
SGD/JPY 57 56.5 56.2 56.2 55.5 55
TRY/JPY 3.1 2.7 2.4 2.4 1.7 1.2
USD/CAD 3.1 2.6 2.3 2.3 1.6 1.1
USD/CHF 2.5 2 1.7 1.7 1 0.5
USD/CNH 15 14.5 14.2 14.2 13.5 10
USD/CZK 74 73.5 73.2 73.2 72.5 72
USD/DKK 104 103.5 103.2 103.2 102.5 102
USD/HKD 64 63.5 63.2 63.2 62.5 62
USD/HUF 33 32.5 32.2 32.2 31.5 31
USD/JPY 2.6 2.1 1.8 1.8 1.1 0.6
USD/MXN 44.2 43.7 43.4 43.4 42.7 42.2
USD/NOK 41.4 40.9 40.6 40.6 39.9 39.4
USD/PLN 29.5 29 28.7 28.7 28 27.5
USD/RUB 281.5 281.2 280.9 280.9 280.5 280
USD/SEK 37.6 37.1 36.8 36.8 36.1 35.6
USD/SGD 44 43.5 43.2 43.2 42.5 42
USD/TRY 14.6 14.1 13.8 13.8 13.1 12.6
USD/ZAR 124.5 124 123.7 123.7 123 122.5
ZAR/JPY 2.5 2 1.7 1.7 1 0.5
USD/PHP 50 40 34 34 20 10
EUR/PHP 90 48 51 51 32 17


Rolling Commission

If the position remains open and is extended to the next day, then a commission is charged from the trading account for the use of the loan. The amount of commission depends on the amount of the transaction and is 0.005% – 0,015% of its size. The commission is charged at 00:00 GMT.

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