SEVEN WONDERS

Forex

The Seven wonders Forex offering is one of the most competitive in the world.

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Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market.

Facts

  • Over 61 currency pairs
  • Tight spreads from 0.0 pips
  • Up to 1:500 leverage
  • Deep liquidity
  • Trade 24 hours a day
  • five days a week

Forex Spreads

Seven wonders offers Forex traders some of the tightest spreads out of all Forex exchange brokers globally with our EUR/USD spread averaging 0.1 pips. Tight spreads combined with our low latency enterprise grade hardware makes Seven wonders the ideal choice for active day traders and those using Expert Advisors. The table at the bottom of this page shows our minimum and average spreads across all of the major currency pairs.

How does Forex Trading work?

Forex trading is similar to trading shares or futures except that when trading foreign exchange you are buying or selling one currency against another and you do not take delivery of the underlying currency. One of the key advantages Forex has over other financial instruments is that relatively small lot sizes can be traded - lot sizes can be as small as 1000 units (one micro lot). Typically, foreign exchange also involves leverage which in some cases can be as high as 1:500, which is very different to trading shares where no leverage is involved.

Forex Trading Examples

The gross profit on your trade is calculated as follows:

Opening Price

€200,000 x 1.33623 = USD $267,246

Closing Price

€200,000 x 1.32129 = USD $264,258

Gross Profit on Trade

$2988

Opening the Position

The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.

Closing the Position

One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by buying back 2 standard lots at 1.32129.

Spreads

Major Minor Exotic

* MIN - minimum, AVG - average

SYMBOL DESCRIPTION MIN AVG MIN AVG
AUDUSD Australian Dollar vs United States Dollar 0 0.17 0.6 0.77
EURUSD Euro vs United States Dollar 0 0.02 0.6 0.62
GBPUSD British Pound vs United States Dollar 0 0.23 0.6 0.83
USDCAD United States Dollar vs Canadian Dollar 0 0.25 0.6 0.85
USDCHF United States Dollar vs Swiss Franc 0 0.19 0.6 0.79
USDJPY United States Dollar vs Japanese Yen 0 0.14 0.6 0.74

Spreads generated from data between 24/05/2021 and 28/05/2021