Forex

San Blas - chain of 365 islands and keys extending over 160 kilometers along the Caribbean Coast

ABOUT THE FOREX MARKET
The currency market is huge with an estimated USD 3.5 trillion traded every day. This is far larger than both the Stock and Futures markets combined. With this level of turnover, there is always movement in the Forex markets and the chance to make profits, even when other markets are stagnant.

MORE THAN JUST AN ONLINE FX TRADING PLATFORM
FinancialPacific trading platforms enable trading of Forex together with other asset classes from a single integrated platform. FinancialPacific offers a wealth of market information and all the tools needed to successfully trade.

  • Financial Pacific offers over 160 Forex currency crosses – one of the leading online offerings.
  • Margin trading with very low margin requirements – leverage FX majors and the first EUR 50,000 of collateral up to 200 times and additional collateral up to 100 times.
  • Multiple award winning platform.
  • Efficient, state-of-the-art customer service. Beginner or professional, Financial Pacific gives the information and support needed to facilitate online trading.
  • Financial Pacific gives more live tradable prices. Trade on streaming executable rates and know what price a trade will be dealt on up front.
  • Financial Pacific offers Spot Forex, Spot Gold and Silver, versatile trade order types, OTC Options and Forward Outrights.
  • Very competitive Bid/Ask spreads.

WHAT TO KNOW WHEN TRADING FOREX ONLINE

Trade Currency and Price Currency
When an investor trades in the Forex market, they always trade a combination of two currencies (a cross or currency pair) in which one currency is bought (long) and the other is sold (short). This means the investor is speculating on the prospect of one of the currencies appreciating in value in relation to the other.

Forex Margin Trading
Margin trading allows investors to buy and sell assets that have a greater value than the capital in their account. Forex trading is typically executed on margin accounts, and the industry practice is to trade on relatively small margin amounts since currency exchange rate fluctuations tend to be less than one or two percent on any given day.

Margin trading does involve a certain amount of risk. Since a position is being held that exceeds the actual value of the account, a trader could incur substantial losses if the market moves against his position. Thus, margin trading requires close monitoring of margin utilisation, i.e. the amount of collateral being used to hold margined positions.

If margin utilisation exceeds collateral available for margin trading, positions must be closed, reduced, or additional funds must be posted to cover the position.

MAJORS RETAIL SPREAD
CROSS TARGET SPREAD IN PIPS CROSS TARGET SPREAD IN PIPS
EURUSD 3 GBPJPY 4.5
GBPUSD 5 EURJPY 8
AUDUSD 4 USDCAD 5
EURCHF 4 USDCHF 4
EURGBP 4 USDJPY 4