In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency. Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market. Call Client Services on our toll free number 1300 888 936 (Australia). International callers, please phone +612 9965 5830. Alternatively, you can use our live chat facility during the same period.
A withdrawal to the sum of has been recorded in the system. Please note that your withdrawal order will be executed within a few business days after receipt of all required documentation. Not only that, you can trade with a very low margin with relative safety compared to the disastrous potential of margin trading found in other financial markets. Also it is tax free income if the country you reside has no capital gain tax.
Execute your forex trading strategy using the advanced thinkorswim trading platform. Plus, with paperMoney�, you can use real market data to test your theories and strategies without risking a dime. In addition our range of platforms for Apple and Android mobile devices will seamlessly allow you to access and trade on your account from your smartphone or tablet with full account functionality.
We continuously strive to provide our clients with robust tools and technology to help make your trading more intuitive and comprehensive, from advanced charting packages to premium news feeds. To put that in context, that's just over double the annual economic output of the UK, which was $2.52tn in 2013, according to the World Bank.
A spread is the difference between the bid and the ask price of a currency pair (buy or sell price), and so to make it even easier it is the price at which your broker or bank is willing to sell or buy your requested trade order. Spreads, however, only matter with the correct execution.