What is Forex?

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where the world buys and sells currency. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

Advantages of trading Forex with DCFX

  • 27+ Currency Pairs – majors, minors pairs
  • Low spreads, starting from 0 pips
  • Leverage up to 100:1
  • Low margin requirements

Details

InstrumentSize of 1 LotPip ValueSwap (Long/Short)
AUDCAD
100000 AUD 10 CAD -1.34/-0.10
AUDJPY
Advanced Swap-free available
100000 AUD 1,000 JPY 0.05/-1.62
AUDNZD
100000 AUD 10 NZD -1.15/-0.43
AUDUSD
Advanced Swap-free available
100000 AUD 10 USD -1.65/0.11
CHFJPY
100000 CHF 1,000 JPY 0.16/-1.86
EURAUD
100000 EUR 10 AUD -1.01/-0.34
EURCAD
100000 EUR 10 CAD -1.48/0.08
EURCHF
100000 EUR 10 CHF 0.45/-2.01
EURGBP
100000 EUR 10 GBP -1.71/0.25
EURJPY
Advanced Swap-free available
100000 EUR 1,000 JPY 0.85/-2.41
EURNZD
100000 EUR 10 NZD -2.13/-0.07
EURUSD
Advanced Swap-free available
100000 EUR 10 USD -1.93/0.27
GBPAUD
100000 GBP 10 AUD 0.08/-1.34
GBPCAD
100000 GBP 10 CAD -0.48/-0.94
GBPCHF
100000 GBP 10 CHF 1.43/-3.11
GBPJPY
Advanced Swap-free available
100000 GBP 1,000 JPY 1.14/-2.44
GBPNZD
100000 GBP 10 NZD -1.46/-0.46
GBPUSD
Advanced Swap-free available
100000 GBP 10 USD -0.88/-0.38
NZDCAD
100000 NZD 10 CAD -0.45/-1.03
NZDCHF
100000 NZD 10 CHF 2.00/-4.09
NZDJPY
100000 NZD 1,000 JPY 1.57/-3.57
NZDUSD
Advanced Swap-free available
100000 NZD 10 USD -0.81/-0.54
USDCAD
Advanced Swap-free available
100000 USD 10 CAD -0.22/-1.12
USDCHF
Advanced Swap-free available
100000 USD 10 CHF 0.98/-2.75
USDJPY
Advanced Swap-free available
100000 USD 1,000 JPY 1.51/-4.21
Trading Session (UTC+3)
InstrumentOpenCloseBreak
AUDCAD MON 00:01 FRI 23:57 --
AUDJPY MON 00:01 FRI 23:57 --
AUDNZD MON 00:01 FRI 23:57 --
AUDUSD MON 00:01 FRI 23:57 --
CHFJPY MON 00:01 FRI 23:57 --
EURAUD MON 00:01 FRI 23:57 --
EURCAD MON 00:01 FRI 23:57 --
EURCHF MON 00:01 FRI 23:57 --
EURGBP MON 00:01 FRI 23:57 --
EURJPY MON 00:01 FRI 23:57 --
EURNZD MON 00:01 FRI 23:57 --
EURUSD MON 00:01 FRI 23:57 --
GBPAUD MON 00:01 FRI 23:57 --
GBPCAD MON 00:01 FRI 23:57 --
GBPCHF MON 00:01 FRI 23:57 --
GBPJPY MON 00:01 FRI 23:57 --
GBPNZD MON 00:01 FRI 23:57 --
GBPUSD MON 00:01 FRI 23:57 --
NZDCAD MON 00:01 FRI 23:57 --
NZDCHF MON 00:01 FRI 23:57 --
NZDJPY MON 00:01 FRI 23:57 --
NZDUSD MON 00:01 FRI 23:57 --
USDCAD MON 00:01 FRI 23:57 --
USDCHF MON 00:01 FRI 23:57 --
USDJPY MON 00:01 FRI 23:57 --

Transaction Terms and Conditions

  • 1.Each Transaction will be given a bid price with spread based on live market price.
  • 2.Hectic Market Condition-a situation when the market is in volatile conditions. In this situation, the spread will be based on the conditions of the price movement as well as the quotation submitted by the Liquidity Provider. In some cases, the stop level will also be changed. What is meant by Hectic conditions if at least one of the situations below is met, and not caused by the wrong quote, as follows:
    a.Bid or Offer only one side.
    b.Spread between Bid and Offer is more than normal spread who settled by Liquid Provider.
    c. Political news, economic news, terrorism,natural disaster, etc. could make prices hectic then as usual.
  • 3.When Hectic Market, the ability to transact may be disrupted if the banks and market makers getting slow and do not set the prices, the company has a right to make spread widen according to market condition.
  • 4.Each Transaction will be limited by maximum 50 lots.

Wrong Quote

If there is a price error (wrong quote) on the system, the company has the right to cancel the transaction that occurs with or without the consent of the customer.

Important

Swaps values may be adjusted daily based on market conditions and rates provided by our Price Provider applicable to all open positions. Triple swaps are applied every Wednesday.
Server Times: Winter: GMT+2 and Summer: GMT+3 (DST) (last Sunday of March and ends last Sunday of October).
During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders may not be executed during these times.

Calculating Forex Margin Requirements

Account Leverage 100 : 1
Account Base Currency USD
Position Open 10 lots BUY EURUSD at 1.21745
Size of 1 Lot 100,000 EUR
Maintenance Margin 200USD per lot
Required Margin 10*200USD=2,000 USD