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Forex
The Zentoro Forex offering is one of the most competitive in the world. Access the world’s largest and most liquid market with Raw spreads starting from 0.0 pips.
Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market.
Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).
Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market.
Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).
Forex
Facts
- Over 61 currency pairs
- Tight spreads from 0.0 pips
- Up to 1:500 leverage
- Deep liquidity
- Trade 24 hours a day, five days a week
Forex Spreads
Zentoro offers Forex traders some of the tightest spreads out of all Forex exchange brokers globally with our EUR/USD spread averaging 0.1 pips. Tight spreads combined with our low latency enterprise grade hardware makes Zentoro the ideal choice for active day traders and those using Expert Advisors. The table at the bottom of this page shows our minimum and average spreads across all of the major currency pairs.
How does Forex Trading work?
Forex trading is similar to trading shares or futures except that when trading foreign exchange you are buying or selling one currency against another and you do not take delivery of the underlying currency. One of the key advantages Forex has over other financial instruments is that relatively small lot sizes can be traded – lot sizes can be as small as 1000 units (one micro lot). Typically, foreign exchange also involves leverage which in some cases can be as high as 1:500, which is very different to trading shares where no leverage is involved.
Forex Trading Examples
The gross profit on your trade is calculated as follows:
Opening Price
- €200,000 x 1.33623 = USD $267,246
Closing Price
- €200,000 x 1.32129 = USD $264,258
Gross Profit on Trade
- $2988
Opening the Position
The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.
Closing the Position
One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by buying back 2 standard lots at 1.32129.
Ready to get started?
Our Company A/S (Headquarters) Belize and Cyprus
Zentoro Reviews
Leverage 1:500
Min. Deposit: 50USD
Platforms: MT4, MT5, Zentoro Trader
CopyTrade
Regulation: CySEC, IFSC, FCSA, ASIC
HQ: Belize and Cyprus
Found in: 2013
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.46% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Acknowledgement and Disclosure.
Zentoro Broker Licenses
Zentoro WG – authorized by CySEC (Cyprus) registration no. 353534
Zentoro WG – regulated by the ASIC (Australia) license number 426359.
Zentoro WG – authorized by IFSC (Belize) registration no. 119717
Zentoro WG – authorized by FSCA (South Africa) license no. 0885
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