What is FX CFD?

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1800 559 6000

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Foreign Exchange (or FX) trading is the simultaneous buying of one currency and selling of another.

There are five 'Major' currencies;

US Dollar (USD)
Euro (EUR)
British Pound (GBP)
Swiss Franc (CHF)
Japanese Yen (JPY)

How is FX quoted?

All currencies are traded as pairs and are quoted in terms of the US Dollar (USD) for example 'USD/AUD or US Dollar Vs Australian Dollar', or quoted in terms of each other (known as 'cross rates'), for example 'AUD/EUR or Australian Dollar Vs Euro'.

The information on this page does not take into account your objectives, financial situation and needs. Consequently, you should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire the CFDs. A Product Disclosure Statement (PDS) is available by contacting CMC Markets on +65 6559 6000. Information about our services, including our fees and charges is also contained in our Financial Services Guide (FSG), which is available at those sources. CFDs can be risky and are not suitable for all investors. CMC Markets recommends that you should see independent professional advice. This publication is solely provided for informational purposes and does not constitute to investment advice. CMC Markets is the trading name of CMC Markets Singapore Pte Ltd, a Capital Market Services licence holder.