Forex trading (or foreign exchange) allows you to speculate on the strength of one currency versus the weakness of another.
Currencies are quoted as "pairs" meaning that for example, the British Pound versus the US Dollare is quoted as GBP/USD.
How do forex prices work?
How safe are my funds?
The Financial Services Authority (FSA) guarantees safety of Retail Customers by up to £50,000 through the Financial Services Compensation Scheme. This means that in the unlikely event of any financial problems, you would have the above guarantee.
Is forex trading risky?
Forex trading carries a lot of risk because it is traded using leverage. This means that when you make a trade you do not need to settle the full value of the contract, instead you pay a deposit and then settle the profit/loss difference on a daily basis. The profits and losses are based on the actual value of the contract meaning that they can be disproportionallly greater relative to the initial deposit.
It is important to us that you understand the risks involved with trading so please feel free to contact us if you would like to speak to one of our friendly staff members on +44 845-508-2710 or complete a contact request form.
Commodities trading, Futures, CFDs and Forex are leveraged products and carry a high degree of risk to your capital and it is possible to lose more than your initial investment and account balance. You should only speculate with money that you can afford to lose. These investments may not be suitable for all investors, therefore, please ensure that you fully understand the risks involved and seek independent advice if necessary prior to entering into such transactions.
UK tax laws may be subject to change and can differ if you pay tax in any jurisdiction outside the UK. It is therefore advisable to seek independent tax advice.
BBB (Private) Limited is authorised and regulated by the SECP
Elite Member of the Chamber of Commerce.