forex

Taipan Forex offers you the ability to trade forex through our bespoke and multi-award winning forex trading platforms. We offer the tightest spreads in the market, starting from 0 pips. Investors can select their own leverage starting from 1:1 up to 1:500 with unlimited access to the largest liquidity providers and known execution. With more than 120 currency pairs available that include majors, minors and exotics, Taipan Forex Global is the place to start your forex trading by opening your Live Account today.

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).

If you are new to currency trading, a great way to get started is to open an Taipan Forex Demo Account . This practice account offers access to all the advanced features to assist new traders in understanding how the forex market works and to provide them with the chance to perfect their trading strategy.

Forex Spreads

Taipan Forex 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 Taipan Forex the ideal choice for active day traders and those using Expert Advisors.

The following table shows our minimum and average spreads across all of the major currency pairs:

Currency PairPair Minimum Spread (pips)(pips) Average Spread (pips)
EUR/USD0.00.1
GBP/USD0.00.5
AUD/USD0.00.4
USD/CAD0.00.6
USD/CHF0.00.4
USD/JPY0.00.3

Forex Trading Example

Selling EUR/USD

Opening the Position

The price of the EURO against the US Dollar (EUR/USD) is 1.33623/1.33624, you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.

The value of your position is €200,000 x 1.33623 = USD $267,246. The leverage on your trading account is 1:100 therefore the margin required to open the position is USD $267,246 / 100 = USD $2,672.46.

Closing the Position

One week later the EURO has fallen against the US Dollar to 1.32128/1.32129, you decide to take your profit by buying back 2 standard lots at 1.32129.

The gross profit on your trade is calculated as follows:

Calculation 
Opening Price€200,000 x 1.33623 = USD $267,246
Closing Price€200,000 x 1.32129 = USD $264,259
Gross Profit on TradeUSD $ 2,988

Open Demo Account

Demo Account

Start trading with Indices, CFD, Futures & Commodities with spreads from zero pips.

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Live Account

Start trading with Indices, CFD, Futures & Commodities with spreads from zero pips.