Forex Trading

Transparent Pricing on Forex Trading Instruments

Our dependable trading technology and clear fee structures provide highly competitive prices. Below is our pricing or scroll down further to learn more about forex trading.

BxZero AccountBxStandard Account
AUDCADAustralian Dollar vs Canadian Dollar0.
AUDCHFAustralian Dollar vs Swiss Franc0.
AUDJPYAustralian Dollar vs Japanese Yen00.411.41:500
AUDNZDAustralian Dollar vs New Zealand Dollar0.
AUDUSDAustralian Dollar vs United States Dollar00.211.21:500
CADCHFCanadian Dollar vs Swiss Franc0.311.321:500
CADJPYCanadian Dollar vs Japanese Yen00.611.61:500
CHFJPYSwiss Franc vs Japanese Yen00.811.81:500
EURAUDEuro vs Australian Dollar00.511.51:500
EURCADEuro vs Canadian Dollar01.112.11:500
EURCHFEuro vs Swiss Franc00.511.51:500
EURCZKEuro vs Czech Republic Koruna1054.21155.21:200
EURHUFEuro vs Hungarian Forint1.814.82.815.81:200
EURGBPEuro vs British Pound00.411.41:500
EURJPYEuro vs Japanese Yen00.311.31:500
EURNOKEuro vs Norwegian Kroner619.3720.31:200
EURNZDEuro vs New Zealand Dollar0.
EURPLNEuro vs Polish Zloty29.7310.71:200
EURSEKEuro vs Swedish Krona623.5724.51:200
EURTRYEuro vs Turkish Lira222.2323.21:200
EURUSDEuro vs United States Dollar00.111.11:500
GBPAUDBritish Pound vs Australian Dollar0.
GPBCADBritish Pound vs Canadian Dollar0.
GPBCHFBritish Pound vs Swiss Franc0.
GPBJPYBritish Pound vs Japanese Yen0.
GBPNZDPound vs New Zealand Dollar1.
GBPUSDBritish Pound vs Singapore Dollar00.411.41:500
NZDCADNew Zealand Dollar vs Canadian Dollar11.322.31:500
NZDCHFNew Zealand Dollar vs Swiss Franc0.
NZDJPYNew Zealand Dollar vs Japanese Yen0.
NZDUSDNew Zealand Dollar vs United States Dollar0.
SGDJPYSingapore Dollar vs Japanese Yen66.377.31:200
USDCADUnited States Dollar vs Canadian Dollar00.211.21:500
USDCHFUnited States Dollar vs Swiss Franc00.411.41:500
USDCNHUS Dollar vs Chinese6.
USDCZKUnited States Dollar vs Swedish Krona336.6437.61:200
USDDKKUS Dollar vs Danish Krone4.816.25.217.21:200
USDHKDUS Dollar vs Hong Kong Dollar5.
USDHUFUS Dollar vs Hungarian Forint5.
USDJPYUnited States Dollar vs Japanese Yen00.211.21:500
USDMXNUnited States Dollar vs Mexican Peso519.9620.91:200
USDNOKUnited States Dollar vs Norwegian Kroner1.511.82.512.81:200
USDPLNUnited States Dollar vs Polish Zloty611.8712.81:200
USDSEKUnited States Dollar vs Swedish Krona619.5720.51:200
USDSGDUS Dollar vs Singapore Dollar0.
USDTRYUnited States Dollar vs Turkish Lira019.5120.51:200
USDZARUnited States Dollar vs South African Rand1030.31131.31:200

What is Forex Trading All About?

Forex trading, short of foreign exchange, is the selling and buying of currencies. Each currency in a pair is represented by a three-letter code. They’re normally formed by two letters that signify the region and the last letter that signifies the name of the currency. For example, AUD stands for the Australian dollar

It’s Common To See Currency Pairs Split Into The Following Categories:

Major pairs – those that are the most frequently traded around the world.
Minor pairs – those less frequently traded, it does not include the US dollar. 
Cross pairs – those less frequently traded, again do not include the US dollar. 
Exotics – those that are a major currency against one from an emerging economy.

Learn more about CFD trading and the advantages

How Does Forex Trading Work?

Transactions are completed across the four forex trading hubs around the world. They’re Sydney, Tokyo, London, and New York

The trading takes place in an over-the-counter (OTC) market and run by networks of banks and brokers, which means that there is no centralized exchange. As there is no centralized location or exchange like for example the New York Stock Exchange (NYSE), it’s possible for you to trade 24 hours a day, 5 days a week. 

It’s common for there to be no actual or physical delivery of the currency in retail trading as you trade derivatives of the exchange rate. This makes it easy for almost anyone to participate in forex trading and profit on correctly predicted price movements. 

Forex trading markets displayed over a trending trading market with Baxia Markets logo
How To Read Forex Pricing:

The first currency listed in a forex pair is called the base currency, and the second currency is called the quote currency. The price of a forex pair is how much one unit of the base currency is worth in the quote currency. So if EUR/USD is trading at 1.10041, then one euro is worth 1.10041 dollars.

Ultimately this means if the euro rises against the dollar, then a single euro will be worth more dollars and the pair’s price will increase. If it drops, the pair’s price will decrease. 

How Should I Trade It?

If you think that the base currency in the pair is likely to strengthen or appreciate against the quote currency, you can buy the pair, otherwise known as going long. If you think it will weaken or depreciate, you can sell the pair, otherwise known as going short.

How Do I Start Trading Forex With Baxia Markets?

Baxia Markets is pleased to offer our clients a versatile porfotlio of trading instruments including Forex, Metals, Energy, Cryptocurrencies and Indices. You can start trading Forex with Baxia Markets by opening a live account below. 

Learn how to trade markets at our education center