FonoTrade Online FX & CFD Broker

Forex

Trade In More Than 60 Pairs From Across The Globe

Pure
ECN Spreads

500x
Maximum Leverage

No
SL/TP Limits

Trade from
0.01 Micro Lot

Forex is the world’s largest and most liquid market with average daily turnover exceeding $5 trillions. We offer more than 60 currency pairs including major, minor & exotic currency pairs with spread starting from as low as 0.0 pips. The forex markets remain active nearly 24 hours a day, 5 days a week so that you can trade whenever you want.

*Trading Hours: 00:05 (Monday) to 24:00 (Friday), except 00:00 to 00:05 daily. For Instrument specific trading hours, please refer to instrument specification tab from trading terminal.

Margin calculations for Forex

Margin Used = Notional value/100 (considering 100x leverage in your account)
Notional value = Number of lots* Lot Size * Current market price

For example:
If an account has 1:200 leverage and opens a 1 lot(100,000 positions) in USD, assuming EURUSD price being 1.20000 then the required margin is as following:
100,000/200*1.20000 = $600

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