We provide our clients with a wide range of desktop, web and mobile trading platforms including MetaTrader 4, MetaTrader 5, cTrader and PlusFX app.
Why trade with PlusFX
The foreign exchange market (FX) as a whole, consists of many types of markets, including Spot FX, Future derivatives, Forward Derivatives, and finally the CFD derivatives market, which is the most popular for retail clients. All forex trading transactions combined make up the largest and most liquid financial market, with an average daily volume of over $5 trillion.
The FX CFD derivatives market is made up of buyers and sellers, the main participants being large international banks, who place orders via electronic trading systems. This market is traded OTC (not traded on any regulated exchange) and as such there is no uniform price but each of the main international banks is providing its own quotes with the spot market acting as the point of reference for the quotes provided.
It is worth mentioning that the spot FX market is also an OTC market dominated by the large international banks.
In forex trading, spot price of a currency pair is influenced by several factors, such as the economic outlook and geopolitical events in that region, as well as news data releases which may be perceived positively or negatively by the market.
Contracts for difference (CFDs), allow traders to buy (go long) or sell (go short), and make profit or loss from price movements, without having to physically purchase and exchange the underlying currency.
FX is quoted in pairs, with each representing a global currency or economy. The first currency is called the ‘base’ currency (representing the volume you wish to trade) and the second is called the ‘term’ or ‘quote’ currency (representing the current exchange rate).
For example, the price of EUR/USD represents the amount of $USD that can be exchanged for €1.
EUR/USD = 1.11361
This means that currently, €1 is equal to $1.11361
To put it simply, traders would go long if they believe that the base currency will rise in value against the term currency and would profit from an increase in price. On the other hand, if traders’ believe that the value of the base currency will fall in relation to the term, they will place a sell trade to try to profit from falling prices. If prices move in the opposite direction to the traders’ forecast, they will make a loss.Prices are constantly fluctuating based on market conditions.
FX currency trading is typically calculated in Pips, meaning that depending on your trade size, each pip is equal to a specific monetary value of the ‘term’ currency. This pip value is used to determine the PnL (profit or loss), based on how many pips you gain or lose in a trade, and is also used to display spread (the difference between the bid and ask prices).
At PlusFX we quote all FX pairs to an extra digit after the pip, meaning that the last digit in any quote refers to a Point (10% of a Pip).
In FX currency trading, fractional pricing allows us to offer tighter spreads and provide more accurate pricing.
If you are new to online forex trading, we would recommend going through our online educational section to familiarise yourself with the market and how ‘Contracts for Difference’ trading works. We also provide ‘watch and learn’ videos and PDF guides.
The value of your investments can fall as well as rise, which could mean getting back less than you originally put in. Past performance may not be indicative of future results. All trading involves risk.
Options and Warrants are complex financial instruments and are not suitable for all investors.
The Company provides no investment advice of any kind, nor gives advice or offers any opinion with respect to the nature, potential value or suitability of any particular securities transaction or investment strategy.
Professional clients can lose more than they deposit.
Restricted Jurisdictions: We do not establish accounts to residents of certain jurisdictions including Japan and the USA or any other country where distribution or use may be contrary to local laws or regulation. For further details please visit our Terms & Conditions.
For complaints please email us at: email@example.com
BHC Markets is an investment firm, incorporated in the Parliamentary Republic of Mauritius (Company Number: 177104) and is authorized and regulated by the Financial Services Commission of Mauritius (FSC) under License Number: GB20025746. Registered address: BHC Markets Limited, Premier Business Centre,10th Floor Sterling Tower, 14 Poudriere Street, Port Louis – Mauritius.
BHC Investments is an investment management firm, incorporated in the United Arab Emirates, (Company Number: 177104) and is authorized and regulated by the Dubai Silicon Oasis Authority under License Number: 7097. Please review the company policies regarding the regulation here.
PlusFX.com is operated by BHC Ventures Ltd which is the primary payment provider and website operator.
BHC Ventures Limited is a company registered under the laws of Ireland, under registration number LP3119 and registered offices at Clifton House, Office 29, Fitzwilliam Street Lower 2, Dublin, D02 XT91, Republic of Ireland.
BHC Ventures Ltd. is acting on behalf of its related company, BHC Markets Ltd.
PlusFX does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran and Japan. With regards to the FSCA authorisation, PlusFX provides execution services and enters into principal to principal transactions with its clients on PlusFX's prices. These transactions are not traded on an exchange. CFDs with PlusFX are not regulated by the FAIS Act and intermediary services are not provided.