Foreign exchange
Foreign exchange trading refers to the exchange of one country’s currency with another currency. This is set by the exchange rate, expressed as a ratio between the present values of the two currencies.
The foreign exchange market, also known as the “Forex ” or “FX” market, is the largest financial market in the world, with an average daily trading volume of more than US $5.3 trillion. Forex markets are vastly larger than traditional stock, bond, or futures markets and the volume of transactions makes the market very difficult for an individual bank or institution to manipulate.
| Symbol | Average Spread | Minimum | Value of 1 lot |
|---|---|---|---|
| EURUSD | 0.8 | 0.01 | 100,000 EUR |
| GBPUSD | 0.9 | 0.01 | 100,000 GBP |
| USDJPY | 0.8 | 0.01 | 100,000 USD |
| AUDUSD | 0.9 | 0.01 | 100,000 AUD |
ACY provides 41 major currency pairs.
- Using ECN technology, all trades executed directly into the international market.
- The market is divided into major pairs, cross pairs, and emerging market currencies. Trading hours are 24 hours a day, 5 days a week.
