With Finspreads you can spread
bet on the performance of all the major currencies. We offer
trading on the price of the US dollar (USD), Australian dollar
(AUS), Canadian dollar (CAD), Swiss franc (CHF), Euro (EUR),
British pound (GBP), Japanese yen (JPY) and the New Zealand dollar
(NZD).
Currency trading is also known as foreign
exchange, forex, or FX. You may see currency spread betting
referred to using any of these terms.
When trading currencies, you are speculating on the relative
performance of one currency against another. If you believe
one currency will strengthen against the other you “buy”, and if
you expect it to weaken, you “sell”.
For example, if you expect sterling to strengthen relative to
the dollar, you would buy the sterling/dollar. Conversely, you
would sell euro/yen if you expect the euro to weaken against the
yen.
As currency markets are open around the clock, you can trade
currencies 24 hours a day between Sunday and Friday (from
21.30 Sunday to 21.15 Friday GMT).
Finspreads currency spread betting offers:
- Quarterly contracts priced from the IMM (International Monetary
Markets) foreign exchange forwards
- Rolling contracts priced from the spot exchange rates
- Very tight spreads, from just 3 points for sterling/dollar,
euro/dollar and dollar/yen trades
Currency markets are the largest market in the
world and can be volatile. You should be aware of the risks
associated with spread betting on the movement of volatile
products, but it is perfectly possible to use tools such as
guaranteed stop losses to manage your risks while enjoying the
excitement of trading these markets.
See our worked example on how to place a bet on our currency
markets
Please remember spread betting is leveraged
and can result in losses quickly exceeding an initial outlay. It’s
not suitable for everyone and you should make sure you fully
understand the risks involved. If you have any doubt, please seek
independent advice.