Forex - 24/5 trading


S.A.M. Trade offers over 30+ currency pairs, whereby for every pair, we offer a standard contract (one contract = 100,000 of the first-named currency).

Please be aware that there may be wild fluctuation of spreads during intervals of opening, closing and in between market sessions.

The primary reason is because during these major intervals, all major financial institutions such as banks (Big Liquidity Providers) are undergoing routine settlements across their respective desks, thus, triggering price fluctuations. This is especially evident from approximately 22:30 to 00:30 hours server time.

Majors

CURRENCY PAIRS VALUE PER PIP (STANDARD) CONTRACT SIZE PER LOT MIN. LOT SIZE Typical Spread (PIP)
AUD/JPY JPY 1000 100000 0.01 2.9 - 3.1
AUD/USD USD 10 100000 0.01 2.1 - 2.4
EUR/AUD AUD 10 100000 0.01 3.1 - 3.3
EUR/CHF CHF 10 100000 0.01 2.7 - 3.0
EUR/GBP GBP 10 100000 0.01 2.4 - 2.7
EUR/JPY JPY 1000 100000 0.01 2.4 - 2.6
EUR/USD USD 10 100000 0.01 1.7 - 2.0
GBP/CHF CHF 10 100000 0.01 3.2 - 3.4
GBP/JPY JPY 1000 100000 0.01 3.1 - 3.3
GBP/USD USD 10 100000 0.01 2.4 - 2.6
NZD/USD USD 10 100000 0.01 2.4 -2.7
USD/CAD CAD 10 100000 0.01 2.7 - 2.9
USD/CHF CHF 10 100000 0.01 2.6 - 2.8
USD/JPY JPY 1000 100000 0.01 1.8 - 2.1

Minors

CURRENCY PAIRS VALUE PER PIP (STANDARD) CONTRACT SIZE PER LOT MIN. LOT SIZE Typical Spread (PIP)
AUD/CAD CAD 10 100000 0.01 3.2 - 3.4
AUD/CHF CHF 10 100000 0.01 3.3 - 3.5
AUD/NZD NZD 10 100000 0.01 3.2 - 3.6
CAD/CHF CHF 10 100000 0.01 3.0 - 3.3
CAD/JPY JPY 1000 100000 0.01 2.9 - 3.2
CHF/JPY JPY 1000 100000 0.01 3.1 - 3.4
EUR/CAD CAD 10 100000 0.01 3.5 - 3.7
EUR/NZD NZD 10 100000 0.01 4.5 - 4.7
GBP/AUD AUD 10 100000 0.01 3.3 - 3.6
GBP/CAD CAD 10 100000 0.01 4.1 - 4.4
GBP/CHF CHF 10 100000 0.01 3.2 - 3.3
GBP/NZD NZD 10 100000 0.01 5.7 - 6.1
NZD/CAD CAD 10 100000 0.01 3.8 - 4.1
NZD/CHF CHF 10 100000 0.01 3.6 - 3.8
NZD/JPY JPY 1000 100000 0.01 3.2 - 3.5
USD/HKD HKD 10 100000 0.01 5.5 - 6.3


In terms of leverage, we have implemented limits for the different leverages set out below.

Leverage

LEVERAGE LIMITATIONS UP TO
1:500 $20,000
1:200 $10,000
1:100 NO LIMITATIONS
1:50 NO LIMITATIONS

S.A.M. Trade reserves the right to amend and make changes to the leverage policy according to market conditions and/or whenever a periodic review is conducted.

Last Updated: 3/1/2019

What is Forex trading and how do currency market work?

Forex trading, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most actively traded markets in the world, with an average daily trading volume of USD 5 trillion.

The forex market is run by a global network of banks, spread across 4 major forex trading centers in different time zones; hence, you can trade forex 24 hours a day, from Monday where the market starts in Japan to Saturday where the market closes in the United States.

Trade FX CFDs with High Leverage

FX CFDs are a form of Contract for Differences (CFD) that allow investors to place leveraged trades on currency pairs, speculating on the movement of the underlying instrument. Rather than settling (or delivering) a set amount of base currency, CFDs are cash settled, based on the difference between the opening and closing prices of a pair of currencies.

FX CFDs provide the ability to long or short a currency pair allowing investors to trade and take advantage of both rising or falling market price movements.

FAQ

It is completely free to open any account with S.A.M. Trade. Opening an account with S.A.M. Trade provides access to various complimentary webinars and promotions, together with different tiered privileges such as SamRewards™. Click here to open a Live Account with us.

Once you have opened your live account with us, you can trade CFDs on the following instruments:

For more details on the above products, please visit the Product page.

You can trade anytime you wish during the trading hours as set out below.

You can open your position for a couple of hours or even less (intraday trading) or for a couple of days (long-term trading) – up to your discretion. Kindly be noted that swap charges may be incurred for long-term trading, depending on the position and trading instrument.

Please be reminded each instrument have their own trading sessions, you can check the trading session for the specific trading instrument in the contract specifications in the trading platform:

  • Forex: from Monday GMT+1 00:00 to Friday GMT+1 23:00 (US Market close)

  • Indices: available for trading from Monday to Friday. For trading hours, please refer to the trading session for the specific trading instrument in the trading platform.

  • Commodities: available for trading from Monday to Friday. For trading hours, please refer to the trading session for the specific trading instrument in the trading platform.

  • Cryptocurrencies: available for trading 24/7.

If you didn’t find what you were after, find out more or contact us directly. We’ll be pleased to help.

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