EUR/USD
0.8 pips
EUR/GBP
1.18 pips
GBP/USD
1.20 pips
USD/CAD
1.10 pips
0.8 pips
1.18 pips
1.20 pips
1.10 pips
0.5 pips
0.7 pips
0.7 pips
0.6 pips
Rebates Thresholds
(Millions of CHF Traded)
50-200
FlowBank Rebate
per 1M traded
3 CHF
Rebates Thresholds
(Millions of CHF Traded)
200-500
FlowBank Rebate
per 1M traded
5 CHF
Rebates Thresholds
(Millions of CHF Traded)
500+
FlowBank Rebate
per 1M traded
7 CHF
Your total trade volume for the month is CHF 250m. This means you reach Tier 2.
The Tier 2 rebate is CHF 5 for every CHF 1m you trade in the month
Your monthly rebate = CHF 1,250 (250 x 5)
Enjoy the industry's top trading conditions, featuring highly competitive spreads across a broad selection of currency pairs and other assets. View our comprehensive list of over 50 FX pairs, along their respective spreads and margins, for our CFD accounts below.
Symbol | Description | Platinum Min-spread | Classic Min-spread | Margin Requirements |
---|---|---|---|---|
AUDUSD | Australian Dollar vs US Dollar |
0.9 | 1.6 | 0.5% |
EURUSD | Euro vs US Dollar |
0.5 | 0.88 | 0.5% |
GBPUSD | British Pound vs US Dollar |
0.7 | 1.20 | 0.5% |
USDCAD | US Dollar vs Canadian Dollar |
0.6 | 1.10 | 0.5% |
USDCHF | US Dollar vs Swiss Franc |
0.8 | 1.40 | 0.5% |
NZDUSD | New Zealand Dollar vs US Dollar |
0.6 | 1.10 | 0.5% |
USDJPY | US Dollar vs Japanese Yen |
0.6 | 1.05 | 0.5% |
Symbol | Description | Platinum Min-spread | Classic Min-spread | Margin Requirements |
---|---|---|---|---|
EURCHF | Euro vs Swiss Franc |
1 | 1.75 | 0.5% |
EURGBP | Euro vs British Pound |
0.7 | 1.18 | 0.5% |
GBPCAD | British Pound vs Canadian Dollar | 1.8 | 3.20 | 1% |
EURAUD | Australian Dollar vs Swiss Franc | 1 | 3.5 | 1% |
NZDJPY | New Zealand Dollar vs Japanese Yen | 2 | 3.50 | 1% |
EURJPY | Euro vs Japanese Yen |
1 | 1.75 | 0.5% |
GBPJPY | British Pound vs Japanese Yen |
1.6 | 2.80 | 0.5% |
Symbol | Description | Platinum Min-spread | Classic Min-spread | Margin Requirements |
---|---|---|---|---|
USDCNH | US Dollar vs Chinese Yuan |
9 | 16 | 2% |
USDTRY | US Dollar vs Turkish Lira |
50 | 88 | 2% |
USDMXN | US Dollar vs Mexican Peso |
50 | 88 | 2% |
USDNOK | US Dollar vs Norwegian Krone |
50 | 88 | 2% |
USDSEK | US Dollar vs Swedish Krona |
50 | 88 | 2% |
USDZAR | US Dollar vs South African Rand |
150 | 263 | 2% |
In other markets, short selling can be achieved through derivatives like CFDs, but in forex, it's a natural component. This stems from the fact that you're consistently trading one currency (termed the quote currency) in exchange for another (known as the base currency). The value of a forex pair indicates the amount the base currency is valued at in terms of the quote currency.
Unlike the stock market, the Forex market is open 24 hours a day. Forex operates on a continuous computer network, allowing trades day and night. It's an over-the-counter (OTC) market without a central exchange. Since forex operates on a global scale, you can consistently leverage the trading hours of various active sessions.
With FlowBank you can trade FX pairs using CFDs, which is a leveraged product. Leveraging gives you the ability to amplify your trading potential. This means that you are only paying a fraction of the full value of your position up front. For instance, to obtain a CFD on EUR/CHF you may only need to deposit 1.5% of the positions full value. This initial deposit is known as margin.
The Forex Market with its vast trading volume, sees an average daily turnover of $5 trillion. Liquidity in Forex refers to the amount of ease and efficiency with which a currency pair can be bought or sold in the FX market without causing significant price fluctuations. This means that traders can execute traders at prices that reflect the current market conditions.
At FlowBank you can trade over 50+ FX pairs from one single multi-currency account. You can find a list of all of our currency pairs on our pricing list here.
18 March 2024
6 March 2024
6 March 2024
6 March 2024
28 February 2024
22 February 2024
21 February 2024
5 February 2024
Forex stands for foreign exchange and it is the name given to the currency market/foreign exchange market on which FX traders buy and sell currencies. A currency rises or falls in value relative to another currency when Forex trades happen, so the price is shown as a currency quote. You will have seen these same quotes at the foreign exchange office if traveling overseas.
The change in the quote happens when currency conversion takes place. Foreign currencies are converted millions of times every day creating the volatility that provides the opportunity to profit in Forex.
One of the most challenging aspects of learning how to invest in Forex is knowing when to buy and sell currencies. There are multiple factors that affect currency prices that Forex traders looking to make more informed decisions can watch out for. For example, the exchange rate between the United States and other major economies is known as major currencies or major Forex pairs. They are affected by the economic calendar in their region.
Pip is short for ‘price interest point’. It is the smallest reference point for the change in the price of an exchange rate. Because exchange rates are typically quoted in fractions of a currency, a pip is used to understand those fractional movements more precisely.
For major currencies, the pip is typically the fourth decimal point.
For example EUR/USD = 1.3001 (The pip is the ‘1’)
But in some cases, typically involving a weaker currency - the pip is valued differently - such as with the Japanese yen, where the pip is the second decimal point).
USD/JPY = 104.32 (The pip is the ‘2’)"
The spread is the difference between the buy price and sell price on the currency pair and is measured in pips. With more competition among brokers and as technology improves, forex spreads are generally trending lower. Let’s take a hypothetical example:
GBP/USD = bid 1.4035 / ask 1.4037
The buy price is almost identical to the sell price but there is a small difference of 2 pips (7 - 5 = 2)
The best forex trading platforms will display the amount of the spread before you place the trade, and automatically calculate the exact cost in the currency of the trading account.
Go long or short. When you trade Forex you can make a profit whether markets are going up or down.
Trade 24 hours a day. Forex market hours are open 24 hours a day which gives you the flexibility to trade around the clock.
High liquidity. Forex markets are the most liquid markets in the world. This means that that is a large number of buyers and sellers that are looking to place a trade at any given time. This high liquidity means that Forex transactions can be completed swiftly and easily.
High Volatility. Volatility in Forex Markets: Since there is a high volume of currency trades each day the price movements of some currencies can be very volatile. While this volatility can be advantageous since you can trade price movements in any direction it's also important to employ risk management tools to protect yourself against losses.
Trade on leverage. FlowBank gives you the opportunity to trade Forex with CFDs. When trading CFDs, investors are able to profit from both rising and falling markets. This is due to the ability to both buy (go long) and sell (go short) when trading contracts for difference, providing traders with additional ways to earn a profit when compared with traditional methods of investment.
Extensive choice of currency pairs. A wide range of currency pairs: Forex trading gives you the opportunity to trade global currencies and react to current market events.
Although Forex CFD trading has numerous benefits, it also carries risks. Due to the nature of derivative instruments and the fact they are traded with higher levels of financial leverage, inexperienced investors could quickly lose all their invested capital.
To find the best opportunities in Forex - smart traders learn how to trade the Forex market, including how to read charts, manage risk and stay disciplined.
Forex trading for beginners should begin with some form of Forex training to learn the best practices of successful traders. Flowbank offers training in Forex through numerous blogs and videos on FlowBank.com. For example, you can read our blog: Forex Trading - Learn what is the Forex Market & how to trade it
There are also many free online Forex courses and some top trading books written by smart traders and well-known trading mentors, as well as many free Forex ebooks.
From a very birds-eye perspective there are 7 majors steps in learning how to make money in Forex trading:
There is no central governing body for Forex regulations. For this reason, it is important to ensure that you are trading with a licensed bank that also offers deposit protection. FlowBank is a regulated Swiss bank by the FINMA and client accounts are insured for up to 100,000 CHF by esisuisse.
CFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. You should consider whether you understand how CFDs work. Please see our Risk Disclosure Notice so you can fully understand the risks involved and whether you can afford to take the risk.
This website is owned and operated by FlowBank S.A, a company regulated by the Swiss Financial Market Supervisory Authority (FINMA) and a member of esisuisse. The list of banks and securities firms authorized by FINMA can be accessed here. Depositor protection in Switzerland is provided by esissuisse for a maximum of CHF 100,000.- per client. Details concerning this protection system are explained at www.esisuisse.ch/en
FlowBank is affiliated with the Swiss Banking Ombudsman. Therefore, if you wish to initiate a mediation procedure with the Swiss Banking Ombudsman after your complaint to FlowBank, please contact the Ombudsman according to the instructions provided on its website: https://bankingombudsman.ch/en/
The information on this site is not directed at residents of the United States, Belgium, Canada, or any person in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.
Trading Forex and other leveraged products carries high risks and may not be apt for everyone. Before you consider trading these instruments please assess your experience, goals, and financial situation. You could lose your initial investment, so don't use funds you can't afford to lose or that are essential for personal or family needs. You can consult a licensed financial advisor and ensure you have the risk tolerance and experience.
Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
FlowBank S.A, Esplanade de Pont-Rouge 9, 1211 Geneva 26, Switzerland
FlowBank S.A, Seidengasse 20, 8001 Zurich, Switzerland