GFX Global FX

 

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FOREX What is Forex

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of over US$1.9 trillion - over 32 times larger than the combined volume of all U.S. equity markets.

• The foreign exchange market grew out of the abandonment of the Bretton Woods Agreement and the progressive unwinding of the regime of fixed exchange rates in the 1970's.

• Contrary to popular belief, the unification of many European currencies into one single currency (the Euro) has only strengthened and rendered more popular the use of foreign exchange as an investment, a hedging instrument and as a tool for speculation. The most marked development has been the growth of foreign exchange in the retail market, the tightening of spreads and drastic improvement of trading conditions for the small trader.

• About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.

• FX is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).

• For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies called "the majors." Today, more than 85% of all daily transactions involve trading of the majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

• A true 24-hour market, Forex trading begins each day in Auckland and Sydney and moves around the globe as the business day begins in each financial Centre, then to Tokyo, Europe, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

• The FX market is considered an Over the Counter (OTC) or "Interbank" market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock, futures and options markets.

Forex trading holds several attractions for the individual investor:

• 24-hour dealing, London Sunday 10pm to London Friday 10pm
• A vast liquid market
• The ability to profit in rising or falling markets
• The logical impossibility of a simultaneous downturn in all markets
• Recognized instruments for controlling risk
• Leveraged trading with low margin requirements
• Zero dealing commission
• Varied dealing sizes

Currency Pairs and the Rate of Exchange

• Every foreign exchange transaction is an exchange between two currencies, each denoted by a unique three-letter code. Currency pairings are expressed as two codes usually separated by a division symbol (e.g. GBP/USD), the first representing the "base currency" and the other the "secondary currency". The base currency is the one that you are buying or selling. The exchange rate is the price of one currency in terms of another. For example GBP/USD = 1.7545 denotes that one unit of sterling (the base currency) can be exchanged for 1.7545 US dollars (the secondary currency).

Majors and Crosses

• Pairings with the US dollar are known as the "majors". The "big four" majors are:

  EUR/USD (Euro/US dollar),

  GBP/USD (Sterling/US dollar, known as "cable"),

  USD/JPY (US dollar /Japanese yen),

  USD/CHF (US dollar / Swiss franc).

  Pairings of non-US dollar currencies are known as "crosses".

  Cross rates can be derived for Sterling, Euro, Japanese Yen and the Swiss Franc from the aforementioned major pairs but other major currencies to be traded in pairs include the Canadian, Australian and New Zealand dollar, the Swedish, Norwegian and Czech Kronor and the South African Rand.

Spot Forex is margined offering a high degree of leverage. As with all highly leveraged products this is a two edged sword, as losses will be magnified in addition to profits.

• Leverage is best defined as the amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade.
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• For example, if the notional amount traded (also referred to as the "lot size" or "contract value") is $100,000 and the required margin is $1,000, the client can trade with 100 times leverage ($100,000/$1,000) or 1% margin.

• Typical spot Forex traders include individual investors, financial professionals and intermediaries, institutional investors and fund managers, introducing agents and brokers.

The ultimate strategy to deliver strong risk adjusted returns and a low correlation to any other asset class. the best way of having exposure to the currency market while avoiding excessive exposure to a single strategy.

FX Broker

We keeps contact with the world’s best-performing managers and through a rigorous screening process offers the Manager Selection Program. Live Currency Rate.

Wide strategy choice: developed for major risk profiles, the strategies may also be tailored to suit the needs of specific investors and to provide necessary base for diversification

Continuous strategy: selection process provides the client's managed accounts with the highest standards in terms of account safety, management quality, and performance.

By combining access to the global and Swiss Foreign Exchange Marketplace with an enhanced trading platform and strong Forex Brokerage services via its banking partnerships, our Broker and Partners continues to set the global industry-standard for interbank forex trading.

Brokers members of ARIF. ARIF is a self regulating organization whose goal is to insure correct application by all its members of existing Anti-Money Laundering legislation.

Account Access

GFX GLOBAL FX
Offers direct access to the UK, Swiss Foreign Exchange Marketplace, the most efficient forex market in the
world. This exchange provides the largest pool of interbank spot forex liquidity available for banks, hedge funds,
institutions and professional traders.  To accommodate the existing banking relationships of our clients, trading partners offers full Prime Broker capability and extensive network of banking partners and forex brokers.

GFX Global FX

OFFSHORE FOREX BANKING

Deutsche Bank

Citi Group FX

Barclays Bank Barx

HSBC Foreign Exchange

Citi Group Investments

Saxso Bank Forex

Bank Of Ameerica Forex

Open Forex Offshore Accounts

GFX PRIVATE FOREX GROUP

High Net Funds Forex Trading Accounts

 

Responsibility
Privacy: Based in Switzerland, a land of confidentiality, GFX and Partners places great importance on individuals’
rights and therefore has a long-standing tradition of strict professional ethics.
 

Integrity: As Broker concentrates solely on Interbank Forex Liquidity, Broker does not engage in activities that cause conflict of interest such as Market Making.
 

Security: Our Trading Accounts with Forex Capital Markets, LTD (FXCM UK) are fully segregated in accordance with UK financial regulations. The Financial Services Authority (FSA), one of the world's most respected financial regulatory bodies, administers these regulations. In the unlikely event of FXCM UK's bankruptcy, clients of FXCM UK would be considered secured creditors and receive priority in bankruptcy proceedings.

 

Risk Warning: the risk of loss in trading forex can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past performance is not necessarily indicative of future results. See our full disclaimer.

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