Foreign Exchange
Leverage in foreign exchange enables Clients to trade with the least amount of money. Leverage turns every single dollar into a usable ratio. Each dollar in the trading actually defines capital that bears a certain amount of risk. For instance, if you deposited $100 and the leverage ratio is 1:100, every dollar deposited (i.e. margin) is matched with $100 at your disposal. When this $100 is used as margin for trading contracts, in theory you could make maximum transactions of up to $10,000 (100×100).
Documents submitted are required to be in English, and if it is not, it is required to be translated into English, which is signed and verified either by an Attorney or Notary.
A pip defines the unit which you use to count the unit of profit or loss. Most currency pairs (except Japanese yen pairs) are quoted to four decimal places. Generally, one takes the fourth spot of a decimal point figure (at one 100th of a cent) for the calculation of “pips”. For example, if the EUR/USD rises from 1.4022 to 1.4027, the EUR/USD is said to have risen by 5 pips.
We offer tight pricing, whilst maintaining solid depth for larger order sizes. You can read the spreads we offer here.
A lot is a unit of measurement for the contract order size. A standard lot is usually 100,000 units of currency. UPFX offers micro lots, with the smallest available for EURUSD as an example being 0.01 lots or USD 1,000.
Forex is traded in a decentralized open market. The value of currency fluctuates due to market supply and demand changes. An increase in supply or a decrease in demand for a currency can cause the value of that currency to fall and vice versa.
Leverage is a by-product of margin and allows an individual to control larger trade sizes. We offer leverages from range 50:1 to 1000:1. The leverage available depends on account type and initial deposit. For more details, please send us an email to support@blueacecapitals.com, or contact your Account Manager.