Would you like to trade in the world’s most liquid market? The Forex market offers more liquidity than any other global financial market. It operates twenty four hours a day five days per week, with a turnover of up to US$ 5 trillion daily. Foreign exchange is often referred to as the Forex or FX market and is the marketplace in which the exchange of currencies, between two counter-parties takes place, at a mutually agreed rate or price. There is no central marketplace or exchange floor, rather Forex is an Over-the-Counter or OTC market.
Forex is an Over-the-Counter Market (OTC)
The majority of Forex trades are settled as spot trades, as opposed to settlement at a set date in the future as with many exchange traded products. Forex provides traders with the ability to execute buy or sell trades around the clock, with few restrictions. Creating opportunities for them to profit from variations in the value of one currency pair against another.
Trade with Leverage
Leverage or gearing effectively multiplies a client’s deposit or account value. This provides a client with the ability to hold larger positions than their initial deposit would cover.In other words traders can hold open positions, with only a fraction of the positions underlying value required as a deposit or margin. Leveraging your funds means you can make larger trades or a higher number of trades than your initial deposit on its own would allow*.
*The use of leverage can magnify profits but it can do the same for losses. Forex and CFDs are leveraged products, involve a high level of risk and can result in the loss of more than your invested capital. Please consult our full risk warning notice.
Blackwell Global’s typical ECN spreads are derived from our liquidity providers.
View our competitive spreads below.
Product
Spread in PIPS
Time Updated
AUDCAD
0.9
2021-01-12 14:14:14
AUDCHF
0.8
2021-01-12 14:14:14
AUDJPY
0.7
2021-01-12 14:14:14
AUDNZD
0.8
2021-01-12 14:14:14
AUDSGD
2.8
2021-01-12 14:14:14
AUDUSD
0.7
2021-01-12 14:14:14
CADCHF
1.1
2021-01-12 14:14:14
CADJPY
1.2
2021-01-12 14:14:14
CHFJPY
0.9
2021-01-12 14:14:14
CHFSGD
4.6
2021-01-12 14:14:14
EURAUD
1
2021-01-12 14:14:14
EURCAD
2
2021-01-12 14:14:14
EURCHF
0.5
2021-01-12 14:14:14
EURGBP
1.2
2021-01-12 14:14:14
EURJPY
0.9
2021-01-12 14:14:14
EURNOK
25.4
2021-01-12 14:14:14
EURNZD
2.4
2021-01-12 14:14:14
EURSEK
19.4
2021-01-12 14:14:14
EURSGD
1.7
2021-01-12 14:14:14
EURTRY
139.4
2021-01-12 14:14:14
EURUS
1.6
2021-01-12 14:14:14
EURUSD
0.3
2021-01-12 14:14:14
GBPAUD
1.7
2020-06-12 13:12:01
GBPCAD
2.3
2021-01-12 14:14:14
GBPCHF
1.4
2021-01-12 14:14:14
GBPJPY
1.7
2021-01-12 14:14:14
GBPNZD
3.5
2021-01-12 14:14:14
GBPSGD
2.8
2021-01-12 14:14:14
GBPUSD
0.8
2021-01-12 14:14:14
NOKJPY
0.9
2021-01-12 14:14:14
NOKSEK
4.4
2021-01-12 14:14:14
NZDCAD
1.7
2021-01-12 14:14:14
NZDCHF
1
2021-01-12 14:14:14
NZDJPY
0.8
2021-01-12 14:14:14
NZDUSD
0.9
2021-01-12 14:14:14
SGDJPY
1.2
2021-01-12 14:14:14
USDCAD
1.6
2021-01-12 14:14:14
USDCHF
0.7
2021-01-12 14:14:14
USDCNH
1.5
2021-01-12 14:14:14
USDDKK
13.9
2021-01-12 14:14:14
USDHKD
14.3
2021-01-12 14:14:14
USDHUF
17.2
2020-06-12 13:12:06
USDJPY
0.5
2021-01-12 14:14:14
USDMXN
72.4
2021-01-12 14:14:14
USDNOK
21.3
2021-01-12 14:14:14
USDPLN
16.4
2021-01-12 14:14:14
USDSEK
16.9
2021-01-12 14:14:14
USDSGD
1.1
2021-01-12 14:14:14
USDTRY
63.6
2021-01-12 14:14:14
USDZAR
42
2021-01-12 14:14:14
Symbol
Average Spread in Points
Occurences
Digits
Spread
AUDCAD
0.000451036
7460081
5
4.510356925
AUDCHF
0.000412893
6694834
5
4.128932681
AUDJPY
0.034743998
9694436
3
3.474399811
AUDNZD
0.00050025
8230993
5
5.002497742
AUDSGD
0.000475801
6352631
5
4.758013207
AUDUSD
0.000183009
6628577
5
1.830086412
CADCHF
0.000441187
6580328
5
4.411874347
CADJPY
0.039240274
8433130
3
3.92402739
CHFJPY
0.036792736
8640868
3
3.679273575
CHFSGD
0.000859013
5628691
5
8.590127598
EURAUD
0.000319493
14406324
5
3.194925617
EURCAD
0.000444687
9914679
5
4.446868991
EURCHF
0.000344893
8490941
5
3.448929241
EURGBP
0.0002572
11748650
5
2.572001617
EURJPY
0.02911002
15144287
3
2.911001964
EURNOK
0.003400476
4809523
5
34.00476384
EURNZD
0.000643731
11065771
5
6.437313423
EURSEK
0.003031521
5402427
5
30.31520789
EURSGD
0.000666261
8042180
5
6.662610984
EURTRY
0.003519337
5947284
5
35.19336724
EURUSD
0.000176193
10221293
5
1.761926246
GBPAUD
0.000329125
10075603
5
3.291247095
GBPCAD
0.000424643
9752900
5
4.246426612
GBPCHF
0.000443279
13581814
5
4.432785209
GBPJPY
0.036514941
13079932
3
3.651494113
GBPNZD
0.000663455
8122240
5
6.63454547
GBPUSD
0.000216329
12187591
5
2.163285845
NOKJPY
0.064720146
1826349
3
6.472014604
NOKSEK
0.001495237
2453971
5
14.95236627
NZDCAD
0.000471778
5857457
5
4.717775991
NZDCHF
0.000496204
5711317
5
4.962042923
NZDJPY
0.040625998
8520866
3
4.062599834
NZDUSD
0.000326078
6279361
5
3.26077749
SGDJPY
0.056833396
6710127
3
5.68333957
USDCAD
0.000314239
7770591
5
3.142394317
USDCHF
0.000291817
6939889
5
2.91816859
USDCNH
0.000914241
3008433
5
9.142407559
USDDKK
0.001156811
6842081
5
11.56811356
USDHKD
0.001037064
694127
5
10.37064269
USDHUF
0.197538689
2403073
3
19.75386886
USDJPY
0.02143501
11248787
3
2.143501028
USDMXN
0.006731901
6179384
5
67.31901016
USDNOK
0.00494005
8597606
5
49.40049988
USDPLN
0.002786774
3628616
5
27.86774205
USDSEK
0.002805371
9303517
5
28.05370966
USDSGD
0.000750385
3609547
5
7.503851979
USDTRY
0.00232052
4300551
5
23.20520394
USDZAR
0.008710218
4580825
5
87.10218293
Limited risk accounts are offered on both standard and ECN. ECN has an additional total commission charge of $15 per lot.
Leverage
Leverage allows you to hold a larger position than the initial cash deposit. Your initial outlay is supplemented to increase the value of your underlying investment. The higher the leverage, the larger the position the trader can execute for the same amount of the initial deposit.
For example, a client using 30:1 leverage could hold a position in the forex market of $30,000 with a margin of $1,000.
Leverage increases the potential of high returns when the market moves in their favour. However, please note that leverage will act against you when the market moves in the opposite direction to your prediction.
Leverage Levels
Different leverage levels apply to different account types.
Margin Requirement
When an investor opens an account with a broker, an initial deposit is required in order to open a position in the market. The required cash deposit will act as a deposit to cover any credit risk. Depending on the agreement, the investor could be able to leverage up to a certain limit.
The margin requirement for a forex trade is calculated using the following formula:
The examples below are based on a Standard/Classic account with a leverage of 30:1.
Forex
Margin requirement for one standard contract position in EUR/USD at 1.2500 is calculated as follows:
Margin = (1 * 100,000 * $1.2500) / (30) = $4166
Spot Gold
Margin requirement of one standard contract position in Gold at 1579.01 is calculated as follows:
Margin = (1 * 100 * $1579.01) / (20) = $7895
Spot Silver
Margin requirement for one standard contract position in Silver at 28.70 is calculated as follows:
Margin = (1 * 5000 * $28.70) / (20) = $7175
Note: Interest is not required to be paid on the borrowed amount, but if the investor decides to hold his position overnight, interest will be charged as the rolled over rates on the total positions held.
Margin Call
Margin Call is a level set by a brokerage that defines the minimum amount of money required to trade in the market. When your account falls below the margin call level, you will need to make an additional deposit to maintain your positions. Alternatively, you can close some of your positions to reduce your required margin. At Blackwell Global, Margin Call is set at 80%.
Stop Out Level
In the event you are unable to maintain sufficient funds in your account after hitting Margin Call, and if your account value depreciates to the Stop Out level, all your open positions will be closed automatically to prevent further loss to your capital. At Blackwell Global, Stop Out level is set at 50%.
Swaps
Often referred to as Rollover Interest, swaps are charged when holding onto a position overnight due to the difference in interest rates between the base currency and the quote currency.
Blackwell Global deals forex trading on a “spot” basis. All trades are settled in two business days from inception as per market convention. Swaps are automatically calculated and settled at 21:59 GMT (Server Time 22:59) on a daily basis and Blackwell Global does not arrange for physical delivery. Any open positions held from Wednesday to Friday on a trade date basis will be charged three times the value.
The extra payment is to cover the interest that would normally have been charged on Saturday and Sunday when the market is closed.
Blackwell Global operates across a range of jurisdictions, please see the options below. Please see below the protections you'll waive by not continuing to the UK website. switching to the global website. By clicking Switch to Global website, you acknowledge the information below.
Best Execution
Protections you'll keep
Blackwell Global will ensure to always act in the best interest of our clients by offering a best excution policy across our wide range of trading products
Segregated Account
Clients funds will be stored in segregated client money accounts, we ensure security of funds With tier 1 banking parnters.
Balance Protection
Blackwell Global will uphold our commitment to clients by offering negative balance protection.
Leverage Restriction
You will not be protected by the leverage caps for retail clients under the FCA UK entity for CFD trading. 200:1 is the maximum leverage under our global entity. The protection of 1:30 is the maximum leverage under our UK entity
Restriction on Incentives Restriction on Incentives
Clients and partners will not be protected by FCA restrictions on Incentives to retail clients and traders, Under our FCA entity no trading incentives may be offered.
