The Forex market is the largest Financial market in the Globe with over
5.1 trillion daily turnover, different currencies across the globle are
traded/exchanged on a daily basis which providers traders, speculators,
wealth managers, hedge funds and banks the Opportunity to profit
from.
GIC Markets offers traders the opportunity to trade this market from our trading platform. You can have access to trade Major, Minor,
and Exotic Currencies from our Platform.
- Trade on margins over 50 currency pairs, subject to account type.
- Competitive spreads
- Flexible transaction sizes
- 24 hour trading from Sunday 22:00 to Friday 22:00
- Access the market from our desktop or mobile platforms
- Low margin requirements from 100:1
The most common form of trading is currency trading, otherwise known as
forex trading. This is the act of buying one currency and selling
another. Currencies are traded in pairs and these pairs fall under three
categories; Majors, Minors and Exotics.
Major Currency Pairs
The Majors are the most popular and most liquid pairs and always have
the US dollar as one half of the pair. Examples include the EUR/USD and
the USD/JPY.
Minor Currency Pairs
The Minors are the pairs which do not include the US dollar, but contain
the remaining major currencies; the EUR, JPY and GBP. The Minors have
also been nicknamed 'Crosses'. Examples include the EUR/CHF and the
EUR/GBP.
Exotic Currency Pairs
The Exotics are not as widely traded as the Majors and Minors;
nonetheless, we offer them here at GICM. These currency pairs are made
up of a major currency pair coupled with the currency of a developing
economy. Examples include the USD/HKD and the USD/NOK.
