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Forex

Why Trade Forex
with FP Markets

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for our full list of Currencies and
typical Forex spreads

The global foreign exchange market is the largest and most liquid financial markets in the world. One of the contributing factors to this is significant advancements in technology which have made the forex market easily accessible for individual traders. As a result, traders in Canada can use online trading platforms such as MetaTrader 4, MetaTrader 5, and Iress to access global markets 24 hours a day.

Whether you are looking to trade the majors, minors, or exotics, look no further than FP Markets for Forex Trading. Major currency pairs include the US dollar (USD) as either the base currency or counter currency. Traded against the Euro (EUR), British Pound (GBP), Yen (JPY) and Swiss Francs (CHF), the four majors are also the most traded currency pairs. Other currencies with significant trading volume include the Australian dollar (AUD), New Zealand dollar (NZD) and our very own Canadian dollar (CAD) which is considered a commodity currency.

The major currency pairs are:

EUR/USD (Euro/US Dollar)

GBP/USD (British Pound/US Dollar)

USD/JPY (US Dollar/Japanese Yen)

USD/CHF (US Dollar/Swiss Franc)

FP Markets is a global forex and CFD Trading broker with spreads from as low as 0.0 pips thanks to partnerships with leading banking and non-banking financial institutions. This ensures access to global markets with deep liquidity, especially with respect to major forex pairs such as the EUR/USD and USD/CAD. Access to these liquidity providers allows for the best available market prices in real-time and combined with low latency, allows Canadian traders to capitalise on price fluctuations regardless of market volatility levels.

What are the benefits of Forex trading?

  • Trade on spreads from 0.0 pips

  • Forex Trading in Canada

    There are three peak trading sessions in the forex market. They are known as the Tokyo, London and New York sessions. The New York session runs from 8:00am to 5:00pm (EST) and is the most active period for Canadian forex trading. Alternate time zones and the overlapping nature of the sessions make it possible to trade forex 24 hours a day, 5 days a week.

    What are the benefits of Forex trading?

    Tight spreads from 0.0 pips
    Access leverage up to 500:1
    60+ currency pairs
    Global Forex markets are open 24/5
    Award-winning multilingual customer support
    No price manipulation, no requotes and no dealing desk
    Low margin and low-cost trading
    Ultra-fast trade execution from Equinix servers Enter and exit trades whenever you want to, 24/5
    Maximise trading opportunities with the ability to go short and long
    Cutting-edge tools provide access to pre-open price action

    Forex trading is the tip of the iceberg at FP Markets. We offer CFD trading across a wide range of financial instruments including stock market indices, commodities, and shares. Open a trading account today and put your trading strategies to the test.

& Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions.

FP Markets offers much more than Forex trading! We also offer CFDs across Indices, Commodities,

& Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions..

What is Forex Trading?

Forex trading involves buying one currency and selling another simultaneously. Through careful analysis, traders predict the potential direction of currency prices and attempt to capture gains based on price fluctuations. There is no centralised exchange for forex trading. Rather, it takes place electronically or online, between networks of global computers. The market is open 24 hours a day, 5 days a week.

Learn more about forex trading

What is the Best Platform to Trade Forex?

Easy to use and suitable for forex traders of all skill levels, MetaTrader 4 (MT4) is the most popular trading platform in Canada and across the world. trading platforms available. You can trade on dedicated versions designed for the following platforms: Windows, WebTrader, Mac, iOS and Android.

Spreads from 0.0 pips & leverage up to *500:1


Customisable interface and alerts


Traders Toolbox - suite of 12 online trading tools


One-click trading

MarketWatch


One-click trading

Live price streaming on Live accounts and Demo accounts 128-bit encryption for secure trading

Expert Advisors (EAs)


Customisable alerts


Compatible with iOS, Android and Mac devices

Are there more platform options?

MetaTrader4 is the most popular among retail investor accounts for foreign exchange trading,
but our range of trading platforms include MetaTrader 5 and Iress.

6 Reasons to Choose FP Markets

An Australian Regulated Forex broker

Globally Regulated

Segregated client funds
& regulation in Australia

Tighter Spreads

Market leading spreads from
0.0 pips, 24/5

Faster Execution

Low latency
execution under 40ms

Advanced Platforms

MT4, MT5 & WebTrader with superior client portal

24/7 Multilingual Customer Support

Award-winning support & personal account managers

Established in 2005

15+ years
trading experience

>

Start Trading Forex on an
Award-Winning Trading Platform

With over 40+ industry awards, FP Markets is
one of the best regulated Australian forex brokers.

Australian Regulated
Broker

Boost your trading experience with a licensed and fully regulated Australian forex broker, with multiple awards to their name.

Low Latency
Execution

Get all the available market prices and tight spreads, with ultra-low latency execution and minimal slippage.

Forex Trading
Leverage

Leverage of up to 30:1 in over 50 currency pairs and widen your exposure to the global forex markets

Trading
Platforms

Give your forex trading an edge with robust, feature-rich and easy-to-use MetaTrader 4, MetaTrader 5 and Iress.

Trade Forex with a
Regulated Forex Broker

Open a Demo Account or Live Account with FP Markets today for access to the foreign currency market. Demo accounts are a great way to learn about forex and CFD Trading. They allow traders to learn about trading fundamentals and develop a trading plan without having to make a capital investment. All of our trading platforms include features such as advanced charting tools which can be used to conduct fundamental and technical analysis. Open a trading account with a regulated forex broker today.

Forex Trading Example

Where the underlying asset is the AUD/USD currency pair, also known as the “Aussie.” Let us suppose that the AUD/USD pair is trading at:

You decide to buy AUD 20,000 as you anticipate that the AUD/USD price will rise in the future. Your margin rate is 5%. In this case, as a margin requirement, you would need to deposit 5% of the total position value into your margin account.

Assuming the price moves to 0.6873/0.6880 in the next hour, you would have a profitable trade. You could complete a short-term trade and close your position by selling at the current price of AUD $0.6880.

In this case, the price moved in your favour. If the price had declined instead, moving against your prediction, a loss would have been incurred. If that loss what higher than AUD 687.30, your broker would have issued a margin call.

If the price
of AUD/USD		 To You could Gain or Lose
for a Long Position		 Resulting in a Return
of the Initial Margin
Rises by 1% 0.6942/0.6944 USD 137.46 20%
Declines by 1% 0.6804/0.6806 - USD 137.47 - 20%

Forex Spreads Canada

Symbol Product Standard A/c Raw ECN A/c
  Avg Min Avg
AUDCAD Australian Dollar vs Canadian Dollar 2 0 1
AUDCHF Australian Dollar vs Swiss Franc 2.2 0 1.1
AUDJPY Australian Dollar vs Japanese Yen 2.2 0 1.1
AUDNZD Australian Dollar vs New Zealand Dollar 2.5 0 1.4
AUDSGD Australian Dollar vs Singapore Dollar 4.2 1.5 2.7
AUDUSD Australian Dollar vs US Dollar 1.5 0 0.4
CADCHF Canadian Dollar vs Swiss Franc 2.4 0 1.3
CADJPY Canadian Dollar vs Japanese Yen 2.6 0 1.5
CHFJPY Swiss Franc vs Japanese Yen 3.9 0 2.8
CHFSGD Swiss Franc vs Singapore Dollar 4.5 0.6 4.5
EURAUD Euro vs Australian Dollar 2.6 0 1.5
EURCAD Euro vs Canadian Dollar 3.2 0 1.6
EURCHF Euro vs Swiss Franc 2.3 0 1.2
EURCZK Euro vs Czech Koruna 205.8 0 188.4
EURDKK Euro vs Danish Krone 19.1 2.1 13.1
EURGBP Euro vs Great Britain Pound 1.8 0 0.7
EURHUF Euro vs Hungarian Forint 277 0 63.4
EURJPY Euro vs Japanese Yen 2 0 0.9
EURMXN Euro vs Mexican Peso 101.6 0 81.6
EURNOK Euro vs Norwegian Krone 93.2 0 85.7
EURNZD Euro vs New Zealand Dollar 3.2 0 2.1
EURPLN Euro vs Polish Zloty 55.8 0 52.5
EURSEK Euro vs Swedish Krona 71.2 0 65.7
EURSGD Euro vs Singapore Dollar 5.1 1.7 4
EURTRY Euro vs Turkish Lira 455.7 0.1 452.6
EURUSD Euro vs US Dollar 1.3 0 0.2
EURZAR Euro vs South African Rand 282.4 52 270.9
GBPAUD Great Britain Pound vs Australian Dollar 3 0 1.9
GBPCAD Great Britain Pound vs Canadian Dollar 3.1 0 2
GBPCHF Great Britain Pound vs Swiss Franc 2.8 0 1.7
GBPDKK Great Britain Pound vs Danish Krone 29.2 9 23.2
GBPJPY Great Britain Pound vs Japanese Yen 2.7 0 1.6
GBPMXN Great Britain Pound vs Mexican Peso 193.1 45 173.1
GBPNZD Great Britain Pound vs New Zealand Dollar 4.4 0 2.9
GBPPLN Great Britain Pound vs Polish Zloty 114.5 17 113
GBPSEK Great Britain Pound vs Swedish Krona 120.2 0 115.5
GBPSGD Great Britain Pound vs Singapore Dollar 6.7 2.2 5.5
GBPTRY Great Britain Pound vs Turkish Lira 548.3 64.2 541.3
GBPUSD Great Britain Pound vs US Dollar 1.8 0 0.7
NZDCAD New Zealand Dollar vs Canadian Dollar 2.7 0 1.6
NZDCHF New Zealand Dollar vs Swiss Franc 2.4 0 1.3
NZDJPY New Zealand Dollar vs Japanese Yen 2.6 0 1.5
NZDSGD New Zealand Dollar vs Singapore Dollar 4.8 1.4 3.7
NZDUSD New Zealand Dollar vs US Dollar 2 0 0.8
USDBRL US Dollar vs Brazilian Real 40.59 18.9 30.52
USDCAD US Dollar vs Canadian Dollar 1.9 0 0.8
USDCHF US Dollar vs Swiss Franc 2.4 0 1.2
USDCNH US Dollar vs Chinese Yuan 2.5 0 1.4
USDCZK US Dollar vs Czech Koruna 192.2 1 174.8
USDDKK US Dollar vs Danish Krone 20 0 14
USDHKD US Dollar vs Hong Kong Dollar 8.2 0.9 7.1
USDHUF US Dollar vs Hungarian Forint 273.2 0 59.6
USDINR US Dollar vs Indian Rupee 32.4 10 12.4
USDJPY US Dollar vs Japanese Yen 1.8 0 0.7
USDKRW US Dollar vs Korean Won 110 19 80
USDMXN US Dollar vs Mexican Peso 65.6 0 55.6
USDNOK US Dollar vs Norwegian Krone 95.8 0 87.3
USDPLN US Dollar vs Polish Zloty 57 0 53.3
USDSEK US Dollar vs Swedish Krona 77.8 0 69.1
USDSGD US Dollar vs Singapore Dollar 3.5 0 2.4
USDTHB US Dollar vs Thai Baht 352.8 50 332.8
USDTRY US Dollar vs Turkish Lira 341.6 27 339.1
USDZAR US Dollar vs South African Rand 127.8 0 114.9
Start Trading Forex and CFDs Today


bullet Access 10,000+ financial instruments
bullet Auto open & close positions
bullet Take advantage of rising and falling markets
bullet News & economic calendar
bullet Technical indicators, charts & alerts
Many more trading tools included

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* Winner of ‘Best Global Forex Value Broker’ at the Global Forex Awards 2019

** Data acquired from our server shows our EURUSD spread to be 0.0 pips on average 61.15%% of the time from 01-08-2022 to 31-08-2022 (available for our RAW Spread trading accounts only).

^ For MT4/5 only. Terms and conditions apply

* The average order execution time between the trade being received, processed and confirmed as executed by us is 48 milliseconds. As observed from our bridge provider between 01-12-2021 to 31-12-2021. FP Markets was rated by Investment Trends as the Best for Quality of Trade Execution 2019

** Terms and conditions apply.

^^ Sat & Sun 08:00am to 16:00pm (GMT+2)

DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products, as well as our TMD (Target Market Determination), are available from FP Markets and can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. FP Markets is a group of companies which include First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354), a company authorised and regulated by the Australian Securities and Investments Commission (ASIC), Registered Address: Level 5, 10 Bridge Street, Sydney, NSW, 2000, Australia and First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC Licence number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.