Forex

You can enjoy tight spreads and speedy order execution by trading CFDs on over 50 FX pairs

The FX pairs that are the most popular typically involve major currencies that are widely used around the world. These pairs tend to have the highest trading volumes and are the most liquid in the market.

Forex Majors
Forex Minors

*Not all assets are represented here. You can find the entire list on our trading platform

*Not all assets are represented here. You can find the entire list on our trading platform

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  • Advanced Charting

  • Risk Management Tools

  • Multi-window Mode

  • Multiple Order Types

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Learn more about FX Trading

If you are new to trading, our comprehensive educational materials and trading tools can help you understand the basics of FX and CFDs

Free Education Courses for Beginners

Our free interactive trading course is the perfect way to get started with FX trading

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Free Education Video Lessons for Beginners

Learn the basics of Forex CFD trading with our free video lessons for beginners

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Trading FAQs

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Market News

Daily publications of the most important news in the world of financial markets

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Daily Forex Currency Pair Analysis

Rely on technical, fundamental analysis from professionals

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Economic Calendar

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Forex Trading Calculator

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What is

Forex

The foreign exchange (FX) market is a vast and diverse financial market that includes Spot FX, Future derivatives, Forward Derivatives, and the popular CFD derivatives market for retail clients. With an average daily trading volume of over trillion, it is the largest and most liquid financial market.

In the FX CFD market, large international banks are the primary participants, placing orders via electronic trading systems. As an over-the-counter (OTC) market, there is no uniform price, and each bank provides its quotes, with the spot market serving as the reference point.

The spot FX market is also an OTC market dominated by large international banks. The spot price of a currency pair is influenced by various factors such as economic outlook, geopolitical events, and news data releases that can impact the market positively or negatively.

Contracts for difference (CFDs) enable traders to profit from price movements without physically buying and exchanging the underlying currency.

FX is quoted in pairs, with one currency representing the base currency and the other representing the term or quote currency. The price of EUR/USD, for instance, represents the amount of USD that can be exchanged for €1.

FX currency trading is calculated in pips, with each pip representing a specific monetary value of the term currency, and it is used to determine the profit or loss (PnL) based on the number of pips gained or lost in a trade. At Iluma Concept we quote all FX pairs to an extra digit after the pip, which represents a point, or 10% of a pip, allowing for tighter spreads and more accurate pricing.

If you are new to online forex trading, we recommend going through our online educational section, which includes 'watch and learn' videos and PDF guides to familiarize yourself with the market and how CFD trading works.

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