The foreign exchange market prices one currency against another, and rates move as the economies behind them change. Trade the pairs listed on our MetaTrader 5 server from a single account, with leverage up to 1:200. Transparent pricing across account types.
Live quotes are shown when the price feed is available. Spreads and contract details for each instrument are published in MetaTrader 5.
What Is Currency Trading?
A currency can only be priced against another currency, so every instrument here is quoted as a pair. The first is the base currency and the second is the quote currency. The rate states how much of the quote currency buys one unit of the base.
Each pair carries two prices: the bid, at which you sell the base currency, and the ask, at which you buy it. The difference between them is the spread, part of the cost of opening a position. Buying a pair is a position on the base currency strengthening against the quote currency; selling is the opposite.
EUR/USD=1.1000
EUR — base currencyThe currency you are buying or selling.
USD — quote currencyThe currency the base is priced in.
1.1000 — exchange rateUS dollars needed to buy one euro.
Illustrative example. Here 1.1000 US dollars buy one euro; it is not a live or indicative price.
Major, Minor and Exotic Currency Pairs
Pairs are grouped by the currencies they combine. The grouping is shorthand for how a pair tends to trade, not a guarantee of how it will behave in a given session.
Characteristic
Major
Minor (Cross)
Exotic
Structure
Major global currencies, always involving USD
Major currencies without USD
Major currency against a smaller or emerging-market currency
Liquidity
Generally higher
Moderate to high
Generally lower
Spread Behaviour
Usually tighter
Can be wider
Often wider
Volatility
Market dependent
Market dependent
Can be higher
Every pair currently available at MarketsAll is a major. This describes the current list, not which instruments will be offered in future.
What Moves Currency Markets?
An exchange rate reflects the relative position of two economies, so traders follow the data that changes that comparison. No single influence sets a price on its own. Scheduled releases appear on the Economic Calendar.
Central Banks
Policy rates and forward guidance change the return a currency is expected to offer. Central bank policy is referenced here for education only; MarketsAll is not connected to any central bank.
Inflation
Consumer price data feeds expectations for future policy, which is why a currency can react to an inflation release with no rate decision due.
Employment
Labour-market reports signal economic momentum and the pressure a central bank may face to change its policy stance.
Growth
GDP, retail sales and business surveys show how an economy is performing next to its peers. A pair prices that comparison, not a single figure.
Geopolitics
Elections, trade policy, sanctions and conflict can change capital flows and the perceived stability of a currency, sometimes with little warning.
Risk Sentiment
When appetite for risk shifts, flows can move toward currencies traders treat as defensive. These are observed tendencies, not rules.
Global Currency Sessions
Currency trading follows the business day around the world, running from the Asia-Pacific open on Monday to the North American close on Friday. Activity is not spread evenly.
SydneyThe week opens in the Asia-Pacific session, usually with lighter participation than the sessions that follow.
TokyoAsian trading builds through the morning, and pairs quoted against the Japanese yen see their most active hours here.
LondonEuropean trading is the busiest part of the currency trading day for most major pairs, and daily ranges often widen.
New YorkNorth American trading opens while London is still active, then thins into the close.
London and New York trade at the same time for part of the day, and liquidity is generally deepest then. Around session opens and closes, at weekends and on holidays, participation falls and prices can gap more easily. Session times shift with daylight saving, so MetaTrader 5 remains the reference.
Understanding Pips and Spreads
A pip is the standard increment used to measure a change in a currency pair. For most pairs it is the fourth decimal place, so EUR/USD moving from 1.1000 to 1.1010 is ten pips. For yen pairs the pip is the second decimal place instead.
Spreads are measured in the same units. If EUR/USD were quoted at 1.1000 bid and 1.1001 ask, the spread would be one pip. What a pip is worth depends on position size: on 100,000 units of the base currency, 0.0001 multiplied by 100,000 gives ten units of the quote currency per pip. Contract sizes and account spreads are published in MetaTrader 5 and on the pricing page.
Trading Currencies at MarketsAll
Currency pairs are traded on MetaTrader 5 across desktop, web and mobile, with the same maximum leverage on every account type. Trade Currencies, Stocks, Indices, Commodities, Cryptocurrencies and Fixed Income products with MarketsAll.
Account
EUR/USD Spread
Maximum Leverage
Standard
0.9
Up to 1:200
Silver
0.7
Up to 1:200
Gold
0.5
Up to 1:200
Premium
0.1
Up to 1:200
Benchmark spreads vary by account type and market conditions. Review the applicable trading conditions before opening a position.
Trade currency pairs on MetaTrader 5 for desktop, web and mobile.
Up to 1:200 on every account type, subject to instrument margin requirements.
Minimum deposits start at $50 on the Standard account — compare the tiers on the account types page.
Trading currency CFDs carries risk and may not be suitable for every investor. The points below apply to the currency market.
Leverage
Profit and loss are calculated on the full position size, not on the margin committed to it. A leveraged position can be closed if your margin is no longer sufficient.
Economic Announcements
Interest-rate decisions and inflation data can move a pair sharply within seconds. Around these releases an order may be filled at a different price from the one shown when it was sent.
Liquidity
Liquidity is thinner around session opens and closes, at weekends and on public holidays. Thinner conditions make large price gaps more likely.
Volatility
Exchange rates can move quickly in either direction, and a quiet pair can become volatile without notice. Past price behaviour is not a reliable guide to future behaviour.
Spread Changes
Spreads are variable. The benchmark spread published for an account type describes normal conditions, and spreads can widen when liquidity falls or volatility rises.
FAQs about Forex Trading
A currency pair quotes one currency in terms of another. The rate shows how much of the second currency, the quote currency, buys one unit of the first, the base currency. Buying the pair backs the base currency to strengthen.
The pairs currently listed on the MarketsAll MetaTrader 5 server are EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF, USD/CAD, all of them majors. The instrument list can change, so the platform is always the current reference.
Majors combine widely traded global currencies and always involve the US dollar. Minors, or crosses, combine major currencies without the US dollar. Exotics pair a major currency with a smaller or emerging-market currency, and generally trade with lower liquidity and wider spreads.
The market runs continuously from the Asia-Pacific open on Monday to the North American close on Friday, though activity and liquidity vary between sessions. Trading hours for each instrument are published in MetaTrader 5.
Each MarketsAll account type has its own benchmark EUR/USD spread, shown in the table on this page. The spread that actually applies depends on the instrument and on market conditions, so it can differ from the benchmark.
Up to 1:200 is available on every MarketsAll account type. Margin requirements differ by instrument and can change with market conditions, so the maximum is not guaranteed for every position.
No. Currency pairs at MarketsAll are traded as CFDs, so you take a position on the price and no currency is delivered. Positions are settled in your account currency.