Forex stands for ‘Foreign Exchange’. It is simply the trading of one currency against another.
When producers in one country sell their product, they demand the price in their local currency. This prompts the buyers to exchange their own currency with the currency of the producer. The price on which the transaction is made is called the Exchange Rate. Governments, Central Banks, Financial institutions,
Corporates and Individuals all trade currencies in one way or another, as part of their day-to-day life. The Forex market is, by far, the largest of all financial instruments by size and volume of trade. However, trading Forex is not only used to purchase goods and services, individuals also trade to preserve their wealth by converting it to a more stable currency, or simply to speculate on the performance of currencies against each other to make financial gains.
4T offers spot currency trading in the form of CFDs, which allows you to instantly participate in the market with the ease of a click. You have access to many indicator tools and order types to help you manage your position in real-time.
Opening an account with 4T is made simple, there are a few steps to complete online and a couple of documents to verify your identity and place of residence. Once complete, you will receive credentials to access 4T trading platform from your mobile or desktop.
4T clients can benefit from leverage on a wide range of FX instruments to maximise their trading opportunity. Clients can enter buy or sell positions giving them the flexibility to profit from rising and falling markets.
Trading FX instruments with 4T gives our clients the convenience to immediately shift their funds to trade all types of financial instruments such as Crypto, Precious Metals, Equities and more under one platform.
4T allows you to use in-built risk management tools to automatically collect your profits or limit your losses with dynamic order types. Clients can take comfort in their positions without constantly monitoring the markets.
| TRADE SYMBOL |
NAME | CONTRACT SIZE |
PIP POSITION |
PIP VALUE |
ForexLEVERAGE UP-TO |
Open (GMT) |
Close (GMT) |
|---|---|---|---|---|---|---|---|
| EURUSD | Euro vs Dollar | 100,000 | 0.0001 | 10 USD | 1:300 | Sunday 21:00 | Friday 20:55 |
| GBPUSD | British Pound vs Dollar | 100,000 | 0.0001 | 10 USD | 1:300 | Sunday 21:00 | Friday 20:55 |
| NZDUSD | New Zealand vs Dollar | 100,000 | 0.0001 | 10 USD | 1:300 | Sunday 21:00 | Friday 20:55 |
| AUDUSD | Australian vs Dollar | 100,000 | 0.0001 | 10 USD | 1:300 | Sunday 21:00 | Friday 20:55 |
| USDJPY | Dollar vs Yen | 100,000 | 0.01 | 1000 JPY | 1:300 | Sunday 21:00 | Friday 20:55 |
| USDCAD | Dollar vs Canadian | 100,000 | 0.0001 | 10 CAD | 1:300 | Sunday 21:00 | Friday 20:55 |
| USDCHF | Dollar vs Swiss Franc | 100,000 | 0.0001 | 10 CHF | 1:300 | Sunday 21:00 | Friday 20:55 |
