Forex Trading Ireland

Forex Trading Ireland
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The global foreign exchange market is one of the fastest, most liquid and exciting markets. Join thousands of traders who are already trading with FP Markets, a multi award-winning Australian forex broker, offering over 60+ fx pairs in all the major currencies 24 hours a day, 5 days a week. All major currency pairs include the US dollar (USD) as either the base or counter currency. Majors include pairs like the GBP/USD, EUR/USD, and USD/JPY.

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 Euro (EUR) 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 Irish traders to capitalise on price fluctuations regardless of market volatility levels.

Forex Trading in Ireland

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 Irish 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

  • Leverage options up to 20:1

  • 60+ currency pairs

  • Global Forex markets are open 24/7

  • 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, 24/7

  • 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,Shares & Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions..

What is the Best Platform to Trade Forex?

MetaTrader 4. The world’s most popular trading platform.

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

Spreads from 0.0 pips & leverage up to 30:1


Customisable interface, including colours of technical indicators


One-click trading


MarketWatch


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

What is Forex Trading?

FX trading involves buying one currency and selling another simultaneously. When looking at forex pairs such as the GBP/USD, the first currency (GBP) is the transaction currency while the second currency (USD) is the settlement currency. Through research and technical analysis, experienced traders predict the potential direction of currency prices and attempt to capture gains based on price movement. There are no central banks for forex trading with currency trades taking place electronically or online.

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 is 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

Symbol Product Standard A/c Raw ECN A/c
  Avg Min Avg
AUDCADAustralian Dollar vs Canadian Dollar201
AUDCHFAustralian Dollar vs Swiss Franc1.800.7
AUDJPYAustralian Dollar vs Japanese Yen1.700.6
AUDNZDAustralian Dollar vs New Zealand Dollar2.401.3
AUDSGDAustralian Dollar vs Singapore Dollar2.901.4
AUDUSDAustralian Dollar vs US Dollar1.400.3
CADCHFCanadian Dollar vs Swiss Franc200.9
CADJPYCanadian Dollar vs Japanese Yen2.101
CHFJPYSwiss Franc vs Japanese Yen2.601.5
CHFSGDSwiss Franc vs Singapore Dollar4.91.54.9
EURAUDEuro vs Australian Dollar2.401.3
EURCADEuro vs Canadian Dollar2.801.2
EURCHFEuro vs Swiss Franc1.800.7
EURCZKEuro vs Czech Koruna174.423.4157
EURDKKEuro vs Danish Krone18.8912.8
EURGBPEuro vs Great Britain Pound1.500.4
EURHUFEuro vs Hungarian Forint55.53.534.1
EURJPYEuro vs Japanese Yen1.600.5
EURMXNEuro vs Mexican Peso82.310.262.3
EURNOKEuro vs Norwegian Krone85.523.678
EURNZDEuro vs New Zealand Dollar3.102
EURPLNEuro vs Polish Zloty37.34.934
EURSEKEuro vs Swedish Krona87.126.481.6
EURSGDEuro vs Singapore Dollar2.901.8
EURTRYEuro vs Turkish Lira515.5103.7512.4
EURUSDEuro vs US Dollar1.300.2
EURZAREuro vs South African Rand128.623.5117.1
GBPAUDGreat Britain Pound vs Australian Dollar2.501.4
GBPCADGreat Britain Pound vs Canadian Dollar2.801.7
GBPCHFGreat Britain Pound vs Swiss Franc3.10.32
GBPDKKGreat Britain Pound vs Danish Krone33.412.627.4
GBPJPYGreat Britain Pound vs Japanese Yen2.401.3
GBPMXNGreat Britain Pound vs Mexican Peso113.129.293.1
GBPNZDGreat Britain Pound vs New Zealand Dollar4.202.7
GBPPLNGreat Britain Pound vs Polish Zloty50.411.548.9
GBPSEKGreat Britain Pound vs Swedish Krona127.356.4122.6
GBPSGDGreat Britain Pound vs Singapore Dollar4.90.73.7
GBPTRYGreat Britain Pound vs Turkish Lira618.3123.8611.3
GBPUSDGreat Britain Pound vs US Dollar1.500.4
NZDCADNew Zealand Dollar vs Canadian Dollar2.601.5
NZDCHFNew Zealand Dollar vs Swiss Franc2.401.3
NZDJPYNew Zealand Dollar vs Japanese Yen2.201.1
NZDSGDNew Zealand Dollar vs Singapore Dollar3.40.62.3
NZDUSDNew Zealand Dollar vs US Dollar1.800.6
USDCADUS Dollar vs Canadian Dollar1.500.4
USDCHFUS Dollar vs Swiss Franc1.700.5
USDCNHUS Dollar vs Chinese Yuan1.700.6
USDCZKUS Dollar vs Czech Koruna12014.2102.6
USDDKKUS Dollar vs Danish Krone16.7310.7
USDHKDUS Dollar vs Hong Kong Dollar7.236.1
USDHUFUS Dollar vs Hungarian Forint49.72.628.3
USDINRUS Dollar vs Indian Rupee0.220.10.12
USDJPYUS Dollar vs Japanese Yen1.400.3
USDKRWUS Dollar vs Korean Won0.70.40.68
USDMXNUS Dollar vs Mexican Peso57.84.447.8
USDNOKUS Dollar vs Norwegian Krone69.5361
USDPLNUS Dollar vs Polish Zloty32.24.228.5
USDSEKUS Dollar vs Swedish Krona76.520.467.8
USDSGDUS Dollar vs Singapore Dollar2.401.3
USDTHBUS Dollar vs Thai Baht280.8178.8260.8
USDTRYUS Dollar vs Turkish Lira256.736.3254.2
USDZARUS Dollar vs South African Rand70.3057.4
Start Trading Forex and CFDs Today


bullet Access 10,000+ financial instruments
bullet Auto open & close positions
Take advantage of rising and falling markets
bullet News & economic calendar
bullet Technical indicators, charts & alerts
bullet Many more 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 30.92% of the time from 01-12-2021 to 31-12-2021 (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; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. 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.