Forex, sometimes merely referred to as FX, is the largest market in the world. It trades in foreign exchange. The overall daily volume traded exceeds 4.5 trillion dollars.
Unlike the other markets, Forex trading does not take place at exchanges. It is not only investors, who trade with currencies, but also banks, hedge and investment funds, insurance companies and other institutions. Traded are always pairs of currencies, of which the best known is dollar/euro. Popular are also currencies such as Japanese yen, Swiss frank and pound sterling.
Why to invest
With VelMarket, you’ll get the most favourable conditions on the market:
MORE THAN 100 CURRENCY PAIRS
With VelMarket, available to you are more than 100 currency pairs, which will allow you to speculate on any currencies you want, and have at your disposal all movements on the Forex market.
SUPPORT IS AVAILABLE 24 HOURS A DAY, 5 DAYS A WEEK
To our clients we render the best personal and over-the-phone support in your mother tongue free of any charges. In the Prime tariff, you will be also assigned a personal assistant.
Forex is the largest and most interesting of all financial markets. It is open 24 hours a day, and its daily trading turnover is around 5 trillion dollars. It attracts most interest from among traders.
Trading on the Forex with VelMarket is free of any charges. The only broker’s profit comes from the so called spreads which ranges between 0% and 0.0012% of the transacted volume.
Thanks to the so called financial work and trading by means of micro lots and mini lots you can, even with a modest amount of disposable funds, achieve significant appreciation and profits. It is realistic to trade with as little as 100 dollars.
How it works
Investors monitor movements in the foreign currency fluctuations and buy or sell accordingly, the goal being to make on the following transaction as much profit as possible.
Exchange rates usually fluctuate in response to the performance of the country’s economy, rate of inflation and other factors. The advantage of this market is that one can trade 24 hours a day (no restrictions exist anywhere), depending just on everybody’s investment skills and astuteness. In addition, long as well as short positions can be opened.
With Forex, it is about a relatively speculative way how to make money, but its advantage is that it can operate also with modest amounts of money.
However, one must be always aware of the risks associated with this kind of trading, which you will, nevertheless, enjoy.
How to invests
Simply create a trading account, deposit your funds there, sign in to the application, and you are ready to start.
In Forex, one trades with pairs of currencies, you always speculate that one of the currencies will appreciate or depreciate against the other. If you believe that the euro will weaken against the dollar, you buy the EUR/USD pair of currencies. The best known currency pairs are EUR/USD, USD/JPY and GBP/USD. The behaviour of currency pairs is not easy to predict.
|Symbol||Leverage (max)||Swap Long||Swap Short||Max Order Size||Size of 1 Lot||Spread||Trading Hours|
|AUDCAD||1:20||-11,368||-10,091||30||100 000||100||00:00 - 24:00|
|AUDCHF||1:20||-7,044||-12,762||30||100 000||100||00:00 - 24:00|
|AUDJPY||1:20||-6,454||-12,908||30||100 000||50||00:00 - 24:00|
|AUDNZD||1:20||-13,475||-12,567||30||100 000||200||00:00 - 24:00|
|AUDUSD||1:20||-9,970||-6,949||30||100 000||40||00:00 - 24:00|
|CADCHF||1:30||-6,816||-13,845||30||100 000||100||00:00 - 24:00|
|CADJPY||1:30||-6,134||-14,072||30||100 000||60||00:00 - 24:00|
|CHFPLN||1:20||-64,607||-37,731||100||100 000||399||00:00 - 20:57 , 21:15 - 24:00|
|CHFJPY||1:30||-15,200||-15,200||30||100 000||60||00:00 - 24:00|
|EURAUD||1:20||-24,152||-2,196||30||100 000||90||00:00 - 24:00|
|EURCAD||1:30||-23,656||-10,079||30||100 000||90||00:00 - 24:00|
|EURCHF||1:30||-15,346||-15,346||30||100 000||40||00:00 - 24:00|
|EURCZK||1:20||-3,904||-2,840||30||100 000||70||08:17 - 15:14|
|EURGBP||1:30||-11,746||-8,532||30||100 000||40||00:00 - 24:00|
|EURHUF||1:20||-44,179||-41,347||30||100 000||750||00:00 - 20:57 , 21:17 - 24:00|
|EURJPY||1:30||-14,948||-14,948||30||100 000||40||00:00 - 24:00|
|EURNOK||1:20||-126,789||-97,427||30||100 000||400||00:00 - 20:57 , 21:15 - 24:00|
|EURNZD||1:20||-27,543||-12,694||30||100 000||200||00:00 - 24:00|
|EURPLN||1:20||-66,144||-34,876||30||100 000||350||00:00 - 20:57 , 21:15 - 24:00|
|EURRON||1:20||-80,659||-27,747||100||100 000||2500||08:20 - 12:55|
|EURRUB||1:20||-227,177||50,484||100||100 000||1000||07:05 - 16:00|
|EURSEK||1:20||-128,974||-128,974||30||100 000||500||00:00 - 20:57 , 21:15 - 24:00|
|EURTRY||1:20||-345,602||39,347||30||100 000||436||00:00 - 24:00|
|EURUSD||1:30||-20,389||-6,361||30||100 000||30||00:00 - 24:00|
|GBPAUD||1:20||-24,343||-16,966||30||100 000||90||00:00 - 24:00|
|GBPCAD||1:30||-24,248||-14,922||30||100 000||120||00:00 - 24:00|
|GBPCHF||1:30||-15,122||-19,802||30||100 000||80||00:00 - 24:00|
|GBPJPY||1:30||-14,333||-19,581||30||100 000||70||00:00 - 24:00|
|GBPNZD||1:20||-27,862||-18,217||30||100 000||250||00:00 - 24:00|
|GBPRON||1:20||-82,002||-41,721||100||100 000||2500||08:20 - 12:55|
|GBPSGD||1:20||-17,905||-23,494||100||100 000||300||00:00 - 24:00|
|GBPTRY||1:20||-374,278||44,499||30||100 000||300||00:00 - 24:00|
|GBPUSD||1:30||-20,812||-9,858||30||100 000||30||00:00 - 24:00|
|NZDCAD||1:20||-10,391||-9,919||30||100 000||100||00:00 - 24:00|
|NZDCHF||1:20||-6,362||-12,163||30||100 000||100||00:00 - 24:00|
|NZDJPY||1:20||-5,809||-12,357||30||100 000||70||00:00 - 24:00|
|NZDUSD||1:20||-9,044||-6,829||30||100 000||40||00:00 - 24:00|
|USDCAD||1:30||-13,355||-16,965||30||100 000||40||00:00 - 24:00|
|USDCHF||1:30||-7,246||-18,768||30||100 000||30||00:00 - 24:00|
|USDCNH||1:20||-26,734||-9,694||30||100 000||25||00:00 - 24:00|
|USDCZK||1:20||-2,095||-3,795||30||100 000||70||08:17 - 15:14|
|USDDKK||1:20||-35,272||-110,255||30||100 000||200||00:00 - 24:00|
|USDHUF||1:20||-21,780||-43,942||30||100 000||720||00:00 - 20:57 , 21:17 - 24:00|
|USDJPY||1:30||-6,422||-19,894||30||100 000||30||00:00 - 24:00|
|USDMXN||1:20||-50,844||5,765||30||100 000||100||00:00 - 24:00|
|USDNOK||1:20||-60,777||-132,810||30||100 000||500||00:00 - 20:57 , 21:15 - 24:00|
|USDPLN||1:20||-34,880||-52,068||30||100 000||300||00:00 - 20:57 , 21:15 - 24:00|
|USDRON||1:20||-46,197||-48,397||100||100 000||2000||08:20 - 12:55|
|USDRUB||1:20||-172,025||45,509||30||100 000||7500||07:05 - 16:00|
|USDSEK||1:20||-59,907||-165,051||30||100 000||500||00:00 - 20:57 , 21:15 - 24:00|
|USDSGD||1:20||-8,038||-23,697||30||100 000||80||00:00 - 24:00|
|USDTRY||1:20||-415,413||42,371||30||100 000||376||00:00 - 24:00|
|USDZAR||1:20||-33,204||9,823||30||100 000||158||00:00 - 24:00|
The spreads provided are a reflection of the time-weighted average. Though Velmarket.com attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.