The Forex market is the largest financial market in the world with more than 5.1 trillion daily turnover, the different currencies around the world are traded / exchanged on a daily basis and providers, traders, speculators, wealth managers, hedge funds and banks from which the Opportunity benefits.
Velocity Trades offers traders the opportunity to trade in this market from our Trading Platform. You have access to trade major, minor and exotic currencies from our platform.
- Trade on margin in more than 50 currency pairs, subject to account type
- Competitive spreads
- Flexible transaction sizes
- Trading 24 hours from Sunday 22:00 to Friday 22:00
- Access the market from our desktop or mobile platforms
- 100: 1 low margin requirements
The most common form of trading is currency trading, also known as forex trading. This is the act of buying one currency and selling another. Currencies are traded in pairs and these pairs are divided into three categories; Seniors, Minors and Exotics.
Major currency pairs
Majors are the most popular and most liquid pairs and always have the US dollar as half of the pair. Examples include EUR / USD and USD / JPY.
Minors Minors are pairs that do not include the US dollar, but contain the remaining major currencies; the EUR, JPY and GBP. The minors have also been nicknamed ‘Crosses’. Examples include EUR / CHF and EUR / GBP.
Exotic currency pairs
Exotics are not as widely traded as the majors and minors; however, we offer them here at Velocity Trades. These currency pairs are made up of a major currency pair along with the currency of a developing economy. Examples include USD / HKD and USD / NOK.