The spot foreign exchange market (also called “Forex” or “FX”) is not traded on exchange but rather accomplished over-the-counter by two counter parties. Initially, Forex was traded “Interbank” since trading was conducted only by banks trading with each other. However, with the development of information systems and technology, financial institutions introduced margin trading on foreign exchange at more competitive terms. At present, the majority of foreign exchange transactions are performed by speculators. Institutional investors, funds and government institutions contribute to the rest of the market participants.
It is estimated that daily Forex Market turnover exceeds 4 trillion U.S. Dollars in volume traded. Forex market today is essentially the largest and most liquid of the financial markets. Forex gives traders an access to the market 24 hours a day, 5 days a week, with prices being quoted to one thousandth of a cent!
Beacon FX offers you the ability to trade currencies through our award-winning, state-of-the-art platforms, MetaTrader 4 and Currenex We are privileged to provide exceptional trading conditions to allow any trading strategy and assist you in every way to gain the best trading experience and equip you with everything you need to succeed in the challenging world of FX trading. With our cutting-edge trading platforms it is possible to trade a variety of currency pairs including majors, crosses, and exotics.
Beacon FX Forex Trading Advantages
- Fast and secure execution
- No dealing desk intervention, no slippage, and no re-quotes
- Market depth-direct access to live stream prices
- Swap-Free (Islamic) Accounts
- Flexible leverage up to 1:500
- Deposits from as low as $100
- Personalized “My Beacon FX “
- Instant funding and withdrawal
- Fast account opening and approval
- Trade Forex, Indices, Commodities, Equity CFD’s
- Scalping, Hedging, use of all Expert Advisors (EAs) are welcome
- Comprehensive range of trading products, platforms and account types
- True STP, ECN and NDD execution
Beacon FX allows all types of Trading Strategies including News Trading.
Beacon FX accounts are suitable for all types of traders, from novice traders to real Forex experts! If you are still new to Forex trading, we would suggest you to open Beacon FX Demo Account to master your trading skills.
Our Demo account features benefits that the live account offers but bears no risk as the funds are virtual. Note, that Demo Account does not have an expiry date.