Forex trading (Foreign Exchange, also known as FX trading) refers to the exchange of one currency for another. The forex market is one of the largest markets in the world, with daily forex trading volumes of approximately $6.6 trillion completed by individuals, businesses, and banks.
Traders trade forex currency pairs to profit from the appreciation or depreciation of currencies. If the price of a currency pair rises, it means the base currency is appreciating relative to the quoted currency; if the price falls, it means the base currency is depreciating.
An increase in price means that more quoted currency is needed to buy a unit of the base currency, while a decrease means the opposite. Therefore, if the base currency appreciates against the quoted currency, traders generally go long on the pair; if the base currency depreciates, they go short.
Common forex trading styles include scalping, day trading, swing trading, and position trading. You can decide which trading style to adopt based on whether you are bullish or bearish.
Trading Product | Product Code | Minimum Price Movement | Limit Distance | Spread | Trading Hours | Settlement Time | Carrying Fee Calculation | Unit Commission | Margin Requirement |
|---|---|---|---|---|---|---|---|---|---|
| (Beijing Time) | (Beijing Time) | ||||||||
| EUR/USD | EURUSD.sg | 0.00001 | 200 | 10 | Daylight Savings: Monday 6:00 am to Saturday 4:00 am Winter time: Monday 7:00 am to Thursday 5:59 am, Friday 7:00 am to Saturday 5:49 am | Summer: 5:00 AM - 6:00 AM Winter: 6:00 AM - 7:00 AM | Buy (per contract): -3 USdollars Triple Storage Fee on friday overnight Sell (per contract): -3 USdollars Triple Storage Fee on friday overnight | $50 per contract | $600 per contract |
| AUD/USD | AUDUSD.sg | 0.00001 | 200 | 10 | |||||
| USD/CAD | USDCAD.sg | 0.00001 | 200 | 20 | |||||
| NZD/USD | NZDUSD.sg | 0.00001 | 200 | 20 | |||||
| USD/JPY | USDJPY.sg | 0.001 | 200 | 20 | |||||
| USD/CHF | USDCHF.sg | 0.00001 | 200 | 20 | |||||
| GBP/USD | GBPUSD.sg | 0.00001 | 200 | 20 | |||||
| EUR/GBP | EURGBP.sg | 0.00001 | 300 | 20 | $800 per contract | ||||
| AUD/NZD | AUDNZD.sg | 0.00001 | 300 | 20 | |||||
| EUR/CHF | EURCHF.sg | 0.00001 | 300 | 20 | |||||
| EUR/AUD | EURAUD.sg | 0.00001 | 300 | 20 | |||||
| EUR/JPY | EURJPY.sg | 0.001 | 300 | 20 | |||||
| GBP/JPY | GBPJPY.sg | 0.001 | 300 | 30 | |||||
| AUD/JPY | AUDJPY.sg | 0.001 | 300 | 30 |
Note1: Spreads are determined in real-time based on international market liquidity. The listed ranges are historical reference levels under normal market conditions and do not constitute a fixed or minimum spread commitment. Spreads may widen during market volatility or periods of insufficient liquidity. All quotes and trade execution are based on the platform's real-time executable prices.
High risk investment notice: Margin trading of currency pairs/contracts for differences carries high risks and is not suitable for all investors
Your loss may exceed your initial deposit. You do not own the target assets or have any equity. We suggest that you seek independent advice before trading. You should consider whether you are involved in our Target Market Determination (TMD) and read our Financial Services Guide (FSG), Product Disclosure Statement (PDS), Customer Agreement, Risk Disclosure, and other relevant legal documents published on our website to ensure that you fully understand the risks before making any trading decisions.
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Sun Long GMTK International (Company No. 40518) is a financial services company regulated by the Vanuatu Financial Services Commission (VFSC No. 40518). The registered address is 1/Floor, B & P House Kumul Highway, Port Vila, Vanuatu。
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