The Forex market is the largest Financial market in the Globe with over 5.1 trillion daily turnover, different currencies across the globle are traded/exchanged on a daily basis which providers traders, speculators, wealth managers, hedge funds and banks the Opportunity to profit from.
GIC Markets Offers traders the opportunity to trade this market from our Trading Platform, You have access to trade Major, Minor, and Exotic Currencies from our Platform.
- Trade on margin on over 50 currency pairs, subject to account type
- Competitive spreads
- Flexible transaction sizes
- 24 hour trading from Sunday 22:00 to Friday 22:00
- Access the market from our desktop or mobile platforms
- Low margin requirements from 100:1
The most common form of trading is currency trading, otherwise known as forex trading. This is the act of buying one currency and selling another. Currencies are traded in pairs and these pairs fall under three categories; Majors, Minors and Exotics.
Major Currency Pairs
The Majors are the most popular and most liquid pairs and always have the US dollar as one half of the pair. Examples include the EUR/USD and the USD/JPY.
Minor Currency Pairs
The Minors are the pairs which do not include the US dollar, but contain the remaining major currencies; the EUR, JPY and GBP. The Minors have also been nicknamed 'Crosses'. Examples include the EUR/CHF and the EUR/GBP.
Exotic Currency Pairs
The Exotics are not as widely traded as the Majors and Minors; nonetheless, we offer them here at GICM. These currency pairs are made up of a major currency pair coupled with the currency of a developing economy. Examples include the USD/HKD and the USD/NOK.