Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Energies
Forex Pairs
Your perfect pair awaits!
With STARTRADER, you can trade over 80 forex pairs to aim for greater potential. From major to minor and exotic Paris, STARTRADER offers you a variety of options to choose from.
Trade the Pairs That Move the Markets
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Major Pairs
These are the most liquid and commonly traded pairs.
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Minor Pairs
These pairs offer opportunities beyond the dominance of the U.S. dollar.
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Exotic Pairs
They refer to currencies from emerging markets creating unique potential.
| Instrument | Minimum Lot | Maximum Lot | |
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EUR/USD |
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GBP/USD |
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USD/JPY |
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USD/CHF |
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AUD/USD |
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A Market that Never Sleeps
Opportunities Around the Clock
The Forex market operates around the clock, giving investors:
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Higher trading volume, as trading happens at all times.
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More flexibility to enter and exit positions at any time.
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A chance to spot opportunities at any time of the day.
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The ability to react instantly to global events
Why Trade Forex With STARTRADER
Access 80+ Forex Pairs
Diversify your portfolio and minimize potential risks! Choose from over 80 currency pairs. From Major to Minor and Exotic currencies, opt for the perfect mix that suits your trading goals and start trading in conditions optimized for your success.
100-Millisecond Execution
In the Forex world, fast execution can make all the difference. With our ultra-low latency infrastructure, your trades are executed in milliseconds to help you seize opportunities on the spot.
Ultra-tight Spreads
Enjoy some of the most competitive spreads in the market, starting from 0.0 pips on key currency pairs. Lower trading costs mean more potential gains, especially for active traders.
24/6 Customized Support
The Forex market never sleeps, and neither does our support. Get guidance and information about your trading anytime you need it. We will support you with our extensive expertise and dedication.
High Leverage up to 1:1000
With flexible leverage up to 1:1000*, you can take larger positions with smaller capital, gaining greater market exposure across a wide range of agricultural CFD products. However, it's important to recognise that higher leverage also significantly increases the risk of potential losses. Traders should be fully aware of these risks, stay informed, and implement effective risk management strategies. *Leverage above 1:30 may not be available in certain regions due to regulatory restrictions.
Multiple Trading Accounts
From demo to standard and ECN accounts, you can choose the one that fits your trading style and level of experience. If you're new to trading, begin with a demo account, or opt for Standard and ECN accounts to access competitive spreads and leverage.
Frequently Asked Questions
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1.
What is a forex broker, and what services do they offer?
A forex brokerage is a company that provides traders with access to trading platforms. Using that platform, investors can trade currency pairs in the forex market online, benefiting from the changes in prices.
2.What is a zero-spread forex broker?
In order for traders to achieve maximum potential returns with forex online trading, they need to search for forex brokers that provide lower spreads. Spread is the difference between the ask price and the buy price. Based on that, zero-spread forex brokers can be the optimal option for investors, especially when dealing with some of the highest-leverage brokers.
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3.
Are there any hidden fees or commissions with zero spread forex brokers?
In fact, low spread forex brokers or zero spread forex brokerage cannot guarantee a zero-spread all the time. Given that the prices of the currency pairs are changing, the spread is going to change as well. Additionally, some brokers might ask for higher commissions on operations, and charge fees on withdrawals or inactivity of the trading account. STARTRADER, for example, charges 0 commissions, and 0 deposit fees on most channels.
4.How can I verify the legitimacy and regulatory status of a forex brokerage?
To have peace of mind and ensure you are trading with a trusted broker, visit their website and check their regulatory status. In case the broker has licenses from reputable authorities, you can have confidence in them. STARTRADER holds licenses from the following:
- Financial Conduct Authority (FCA) in the UK
- Australian Securities and Investments Commission (ASIC)
- Financial Sector Conduct Authority (FSCA) in South Africa
- Financial Services Authority (FSA) in Seychelles
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5.
What is forex currency trading, and how does it work?
In forex currency trading, traders aim to profit from the continuous changes in price of the currency pairs. By selling and buying currencies on the foreign exchange market, they hope to generate returns.
The forex exchange market is one of the most liquid and volatile markets, operating 24/5. As such, it holds a lot of opportunities.Online currency trading is done in lots. A "lot" is a standardized unit that measures the amount of currency being traded.
- A standard lot is 100,000 units
- A mini lot is 10,000 units
- A Micro is 1,000 units
With leverage, investors can trade a larger amount with a smaller investment.
6.What are the trading hours for the forex market?
The forex market operates 24/5. It only closes on weekends, as this market operates in various time zones around the world. Once it closes in one country, it opens in another. Here is a general overview of the trading hours for the forex market around the world.
They key trading hours for the forex market
- New York: 8 a.m. to 5 p.m. (EST)
- Tokyo: 7 p.m. to 4 a.m. (EST)
- Sydney: 3 p.m. to 12 a.m. (EST)
- London: 3 a.m. to 11 a.m. (EST)
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7.
What factors contribute to the high market cap of the forex market per day?
While it cannot be easily specified on a daily basis, several factors have significant effects on the market cap of forex per day, including:
- Macroeconomic statistics, such as inflation,
- Stock, bond, commodity, and other capital markets
- International trade numbers, including trade deficits and surpluses,
- Political news, particularly when unexpected outcomes occur
Combined, the aforementioned factors can hugely influence forex market trading.
8.What are the best practices for trading in the forex market?
When trading in the forex market, it is advisable for investors to follow those practices:
- Investors should start by setting their financial goals, so that they have a clearer idea of the roadmap to follow.
- It is important to carefully choose a reliable broker with a good reputation, lower commissions, and excellent support.
- Because the forex currency market is volatile, it is important for investors to be consistent with their methodology
- A risk-reward ratio is an important tool that helps investors evaluate the reward they can possibly earn for each dollar they risk.
- Stop-loss order is like a safety net that protects investors from big losses. It is more like an instruction that investors give to brokers to sell a certain asset when the price level reaches a certain point.
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9.
How can I get started with online forex trading?
To start online forex trading, it is best to first build a foundation about this market. Having a good idea about the market and how it performs will help investors identify the risks and opportunities it presents.
Once investors have built a solid foundation of the forex market, they need to do a thorough research about brokers they can do business with. While researching, it is important to look at the different offerings of each. A broker with excellent customer support will address any concerns immediately. A broker with good regulations means that investors will face no issues withdrawing money, and of course fast execution and tight spreads can help investors maximize their potential returns.
After investors choose a trusted broker, they can move on to opening their account. They should start with a demo account to hone their skills and practice their strategy, then transfer to a live forex online trading account.
To be successful as traders, investors should analyze their preferred assets to spot the best opportunities in the market and identify their exit and entry points.
10.What are the advantages and disadvantages of trading forex online?
Let us start with the advantages:
Because the forex market operates 24 hours per day, both short-term and long-term investors can find it rewarding.- The forex market is one of the most liquid markets around the world. Large orders will not affect the price much, as they are efficiently and easily filled up.
- Different online forex trading platforms offer different spreads. Some brokers provide tighter spreads. As a result, the initial capital required is low. Moreover, investors benefit from the high leverage when venturing in forex online trading, which means they need to invest less.
Yet, there are some disadvantages, the most important of which are:
- High risk
It has been already mentioned that investors can trade the currency pairs with a high leverage. A high leverage does not only bring higher potential returns but also higher risks! - High volatility
Because the price of the currency pairs in the online forex exchange is mainly affected by macroeconomic and geographical developments, this market can become highly volatile in times of uncertainty.
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11.
What are the best forex pairs to trade?
Investors venturing into the forex market might wonder: what are the best forex pairs to trade? While the answer depends largely on each investor’s strategy, here is a forex pairs list that shows the popularly traded currencies, starting with the most traded one.
- EUR/USD (euro/US dollar)
- USD/JPY (US dollar/Japanese yen)
- GBP/USD (British pound/US dollar)
- AUD/USD (Australian dollar/US dollar)
- USD/CAD (US dollar/Canadian dollar)
- USD/CNY (US dollar/Chinese renminbi)
- USD/CHF (US dollar/Swiss franc)
- USD/HKD (US dollar/Hong Kong dollar)
12.What are the major forex pairs in the forex market?
Here are the key pairs to focus on when starting forex currency trading online
The US dollar is the main currency when it comes to trading in the forex market. In fact, more than 50% of the trades in this market involve this currency.
- As far as major pairs are concerned, the EUR/USD is the most traded globally. However, traders add other pairs to their portfolio to make it more diversified, and thus less prone to risks.
- As for the other popularly traded currencies, we can classify them into categories.
The EUR/USD is the most traded one among forex major pairs.
The EUR/JPY is the most traded among the minor pairs.
As for the exotic pairs, the USD/HKD is the most popular among traders.
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13.
How do major forex pairs compare in terms of liquidity and volatility?
In general, major forex currency pairs are highly liquid and less volatile than minor or exotic pairs. Let us delve into some more details:
- Major pairs, especially EUR/USD, USD/JPY, and GBP/USD, are considered to be high volume forex pairs in trading. In contrast, minor and exotic pairs have lower trading volumes, leading to wider spreads and potentially more difficulty entering and exiting trades quickly at the desired price.
- In terms of volatility, major forex currency pairs tend to be less volatile due to the stability of the underlying economies they represent. In contrast, minor and exotic are highly volatile forex pairs due to factors like smaller economies, political instability, or dependence on commodities.
14.What are the basic steps to start trading in forex?
To learn how to do forex currency market trading, it is first important to develop a good knowledge base. Investors should know about the updates and news that affect this market in order to be able to react in the right way and make informed decisions.
Once they assess their risk and return ratio, they can move on to building their strategy and practicing it on a demo account.
After that, they can choose their favorite pairs to trade and place their first orders. Of course, they should also utilize risk management tools such as stop loss and trailing stop loss.
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15.
What are the common mistakes that new forex traders should avoid?
Forex traders should avoid the following mistakes when venturing into this type of trading:
1. Not keeping up to date with the market
The forex market is always on the move 24 hours! As such, there is often something that is moving the market and affecting the prices there. When trading in the forex market, investors should be aware of the events that can affect their trades, and predict how these events could move the market. To do so, they need to pay close attention to the economic indicators and see how they compare to fundamental analysis.2. Not understanding how leverage works
New joiners of the forex trading world find it exciting to take larger positions with less money using leverage. They forget that leverage does not only increase their potential returns, but also potential losses.3. Not setting a stop-loss
A stop loss is similar to a safety net that can help you reduce losses. When you set a stop loss, you specify the point at which you want to exit a trade. As such, it helps you to set your exit strategy before you are in the trade and emotions are running high.4. Not practicing with a demo account
Risk is inescapable in trading. Therefore, it is advisable not to start your trading journey with real money. Instead, open a demo account to try your plan and understand the ins and outs of the trading platform you are using.5. Allowing emotions to take control of them
With the prices changing over the course of 24 hours per day, it is very hard not to allow your fear and greed to take control over you. For that reason, it is very important to not only set a plan but also stick to it.16.How can I continue to improve and learn as a forex trader?
1. Keep educating yourself about the market
Knowledge is your power in the trading world. Keep educating yourself and learning about the market.2. Keep a trading journal to track your progress
Keeping a journal can help you understand what parts of your strategy you need to work on improving. Additionally, it shows you what worked well for you, and what did not, which is important to enhance your trading skills.3. Always have a plan
Not having a plan means that you do not know your destination. Study the market and your stance. Define the risks you are willing to take, and set clear financial goals.4. Stick to your strategy
To control emotions and mitigate potential risks, always stick to your strategy and try not to deviate as a reaction to your win or loss.5. Invest only with money that you can afford to lose
Investment is risky. In addition to practicing your skills with a demo account, be sure to only risk money that you are willing to lose.6. Take your time and be patient
It takes time to understand how trading works and to set a strategy based on that. Be patient with yourself and give yourself time. -
17.
What are the opening and closing times of the forex market?
As we have mentioned before, the forex market is operating 24 hours, 5 days a week. Accordingly, the forex market opening time in the world in general is Monday, which is the first day of the week. Nevertheless, the timing differs from one area to another due to different time zones. For example, the forex market’s time in India is different from that of Japan, as each falls in a different time zone. To clarify, the forex market opening time on Monday is 9 a.m., but 9 in India will be 12:30 p.m. in Japan.
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