forex

TaipanFX provides you with the best electronic forex trading platforms. We offer highly competitive and razor thin spreads consistently as low as 0.1 pips on an average. Taipan Traders can pick their own leverage, ranging from 1:1 to 1:500, with unrestricted access to unique and top tier liquidity providers.

TaipanFX Traders can choose from over 100+ Currency pairs to trade including every major, minor and exotic FX Pair.

Trade with the Better Built Broker by opening a Live Account today.

Get access to the largest, fastest moving financial market in the world. TaipanFX clients can trade around the clock Monday to Friday.

Trade one currency pair against another. Take a position to profit on both the rise and fall of prices.

TaipanFX offers a Demo platform for beginners to get started. It is great way to learn how forex trading works and experiment different trading strategies.

Forex Spreads

TaipanFX 0-Zone Lightning Fast Trading Technology delivers traders with tight spreads and deep interbank liquidity. Our average EUR/USD spread is 0.1 pips which makes TaipanFX a perfect option for active traders and High-Frequency professionals using Expert Advisors (MT4 EA’s).

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

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Demo Account

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Live Account

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