WHAT IS FOREX ?

The Foreign Exchange market, also Forex or FX for short, is the largest financial market today with its average daily trading volume of close to $4 trillion. In comparison, the New York Stock Exchange sees an average daily trading volume approximately $55 billion.

Principal FX provides you with all of the software, tools and analysis for you to get started in Forex trading.

KEY FACTS :

LARGEST ASSET CLASS
IN THE WORLD.

MOST LIQUID ASSET

CLOSE TO $4 TRILLION VOLUMES OF CURRENCIES TRADEDEVERY DAY.

NATURALLY, THE MOST TRADED CURRENCY PAIR
IN THE WORLD IS EUR/USD.

EUR/USD ACCOUNTS FOR ABOUT 28% OF TOTAL TRADE VOLUME.

THE EUROPEAN UNION AND THE UNITED STATES ARE THE LARGEST ECONOMIES IN THE WORLD.

CURRENCY PAIR % OF TOTAL DAILY VOLUME

MAIN PLAYERS OF THE MARKET :

Central banks

Control the supply of currency and regulate interest rates.

Speculators

Seek to gain profit by anticipating future fluctuations in the value of the currencies.

Commenrcial Banks Financial Institutions

Trade a large volume of currency worth hundreds of every day.

HEDGERS

Hedgers are some of the biggest participants of this market.

Due to its geographical position, London is the highest volume trading center for the global Forex market.

Benefits of Forex Trading:

  • Extremely High liquidity.
  • Trade 24 hours a day – 5 days a week.
  • Higher leverage, as high as 1:1000 on any Forex trade. It must be understood, however, that it can significantly increase your potential losses, as well as your gains.

Account Type

Account Type Standard
Minimum Deposit USD 1000
Order Volume Min. 0.01 Lot,
Max. 100 Lots
Leverage Max 1 : 1000
Spreads As low as 1.5 PIP
Fifth Decimal Yes
Deposit currency USD
Trading tools Meta Trader 4
Commission No
Bonus Offerings Yes
Swap No
Execution Type Market Execution
Scalping Yes
Hedging Yes

Trading Platform

Meta Trader4

MetaTrader is the most popular front-end application used for forex trading. PrincipalFX MT4 has taken the MetaTrader MT4 platform and integrated its liquidity to create a user -friendly trading interface with interbank liquidity and quick execution. Both beginner
and veteran traders can benefit from
the advanced trading features offered
by MetaTrader.
The platform provides access to features
such as Automated Expert Advisors,

which analyzes the market and places pending orders and open positions on behalf of the trader. Becoming a trader on Princial FX is easy with our free-to-use software and the simple download process.

is the world’s best forex site and the home of the transparency of online trading.