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Forex
The world's biggest and most dynamic market, open around the clock and boasting an incredible daily trading volume of over $6 trillion.
The world's biggest and most dynamic market, open around the clock and boasting an incredible daily trading volume of over $6 trillion.
What is Forex
The forex market is a global decentralized market where currencies are traded. Currencies are always traded in pairs, where one currency is bought while the other is sold.
The value of a currency is determined by its relative value to another currency, which is why currency pairs are used in forex trading.
| Product | Advantage Account | Alpha Account | ||
|---|---|---|---|---|
| SYMBOL | MIN | Commission | MIN | Commission |
| AUDUSD | 1.2 | 0 AUD | 0.0+ | 5 AUD |
| EURUSD | 1.2 | 0 AUD | 0.0+ | 5 AUD |
| GBPUSD | 1.6 | 0 AUD | 0.5 | 5 AUD |
| USDCAD | 1.5 | 0 AUD | 0.5 | 5 AUD |
| USDJPY | 1.2 | 0 AUD | 0.0+ | 5 AUD |
| NZDUSD | 1.7 | 0 AUD | 0.5 | 5 AUD |
| USDCHF | 1.7 | 0 USD | 0.5 | 6 USD |
| Product | Advantage Account | Alpha Account | ||
|---|---|---|---|---|
| SYMBOL | MIN | Commission | MIN | Commission |
| AUDNZD | 2.5 | 0 AUD | 1.3 | 5 AUD |
| AUDCAD | 2.5 | 0 AUD | 1.3 | 5 AUD |
| AUDCHF | 2.3 | 0 AUD | 1.5 | 5 AUD |
| AUDJPY | 1.8 | 0 AUD | 0.6 | 5 AUD |
| CADCHF | 2.5 | 0 AUD | 1.3 | 5 AUD |
| CADJPY | 2.1 | 0 AUD | 2.7 | 5 AUD |
| CHFJPY | 2.4 | 0 AUD | 1.2 | 5 AUD |
| EURGBP | 1.8 | 0 AUD | 0.6 | 5 AUD |
| EURAUD | 2.5 | 0 AUD | 1.3 | 5 AUD |
| EURCAD | 5.0 | 0 AUD | 1.3 | 5 AUD |
| EURCHF | 2.0 | 0 AUD | 0.8 | 5 AUD |
| EURJPY | 1.6 | 0 AUD | 0.6 | 5 AUD |
| GBPAUD | 2.8 | 0 AUD | 1.6 | 5 AUD |
| GBPCHF | 3.2 | 0 AUD | 2.0 | 5 AUD |
| GBPJPY | 2.5 | 0 AUD | 1.3 | 5 AUD |
| NZDCHF | 2.7 | 0 AUD | 1.3 | 5 AUD |
| NZDJPY | 2.6 | 0 AUD | 1.4 | 5 AUD |
| EURNZD | 5 | 0 USD | 3.8 | 6 USD |
| GBPCAD | 3.8 | 0 USD | 2.6 | 6 USD |
| GBPNZD | 5.1 | 0 USD | 3.9 | 6 USD |
| NZDCAD | 3.7 | 0 USD | 2.5 | 6 USD |
| Product | Advantage Account | Alpha Account | ||
|---|---|---|---|---|
| SYMBOL | MIN | Commission | MIN | Commission |
| USDMXN | 56 | 0 AUD | 50 | 5 AUD |
| USDNOK | 32 | 0 AUD | 26 | 5 AUD |
| USDSEK | 31 | 0 AUD | 25 | 5 AUD |
| USDZAR | 96 | 0 AUD | 90 | 5 AUD |
| USDCNH | 8.7 | 0 AUD | 7.5 | 5 AUD |
| EURNOK | 36 | 0 AUD | 30 | 5 AUD |
| EURSEK | 36 | 0 AUD | 30 | 5 AUD |
CURRENCY PAIR
Buy EUR/Sell USD
OPENING PRICE
1.18508
TRADE SIZE (LOTS]
9888
LEVERAGE
400:1
You decide to buy €100,000, the leverage on your trading account is 30:1. Therefore the margin required to open the position is (€100,000 x 1.18508] = USD $118,508/30 = USD $3,950.26.
Trading Profit
The price rises to 1.18823. You decide to close the long trade by selling at 1.18823 (the current sell price].
CLOSING PRICE
1.18823
GROSS PROFIT ON TRADE
€100,000 * (1.18823-1.18508] = USD $315
Trading Losses
The price falls to 1.18823. You decide to close the long trade by selling at 1.18823 (the current sell price].
CLOSING PRICE
1.18823
GROSS LOSS ON TRADE
€100,000 * (1.18823-1.18508] = USD -$315
It is possible to easily access majors, minors, emerging, and exotic currencies through your BCR MT4/MT5 account.
You can enjoy a consistent trading experience with BCR as it ensures that you always receive the best spreads available.
Maximize your trading potential with BCR's high leverage of up to 30:1
BCR offers the best environment to help you reach your full potential, whether you're a intra-day trader, news trader, or EA trader.
With our deep liquidity pool and lightning-fast execution speeds, rest assured that you won't miss out on trades due to rejections or delays.
Trade with confidence knowing that BCR is regulated by the ASIC, a world's leading financial regulator.
Risk Disclosure: Trading Contracts for Difference on margin carries a high level of risk, and may not be suitable for all investors. By trading Contracts for Difference, you could sustain a loss of all your deposited funds. BCR makes no recommendations as to the merits of any financial product referred to on our website, emails, or related material(s]. The information contained on our website, emails, or related material(s] does not take into consideration prospective clients' trading objectives, financial situations, or investment needs. Before deciding to trade the Contracts for Difference offered by BCR, please ensure that you have read our Product Disclosure Statement , Financial Services Guide , Target Market Determination , and have sought independent professional financial advice to ensure you fully understand the risk involved before trading.
"BCR" is a registered business name of Bacera Co Pty Ltd, Australian Company Number 130 877 137, Australian Financial Services Licence Number 328794.
The information on this site is not directed at residents of any particular country outside of Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
