We’ve taken one of the world’s most popular trading platforms, MetaTrader 4 (MT4), and enhanced it with more trading tools and features to give City Index FX clients an even more powerful trading experience.
Forex trading is the act of speculating on the relative strength or weakness of one currency against another.
Speculate on currencies by buying or selling the exchange rate of one country's currency against another with the aim of making a profit.
It is easy to place your first forex trade with City Index. Find out how you can open an account today in three easy steps.
CFD trading and forex trading are leveraged products which can result in losses greater than your initial deposit.
Forex trading enables you to speculate on the relative strength or weakness of one currency against another.
Forex – also referred to as foreign exchange and FX – is the world’s largest market with an average turnover in excess of US$4 trillion per day. Currency values rise (appreciate) and fall (depreciate) against each other due to a number of factors, including international trade or investment flows, to economic or political conditions. This is what makes trading forex so interesting and exciting – high market liquidity means that prices can change rapidly in response to news and short-term events, creating multiple trading opportunities for retail forex traders.
Some of the key factors that influence forex prices are:
The common goal of forex traders is to profit from these changes in the value of one currency against another by actively speculating on which way forex prices are likely to turn in the future.
Unlike most financial markets, the over-the-counter (OTC) forex market has no physical location or central exchange and trades 24 hours a day through a global network of businesses, banks and individuals.
This means that currency prices are constantly fluctuating in value against each other, offering multiple trading opportunities.
Open a forex trading account with City Index and benefit from:
The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. This is not an invitation or an offer to invest nor is it a recommendation to buy or sell investments. City Index recommends you to seek independent financial and legal advice before making any financial investment decision. Trading CFDs and FX on margin carries a higher level of risk, and may not be suitable for all investors. The possibility exists that you could lose more than your initial investment further CFD investors do not own or have any rights to the underlying assets. It is important you consider our Financial Services Guide and Product Disclosure Statement (PDS) available at www.cityindex.com.au, before deciding to acquire or hold our products. As a part of our market risk management, we may take the opposite side of your trade. City Index Australia Pty Ltd (ACN 141 774 727, AFSL 345646) is the CFD issuer and our products are traded off exchange.