Foreign Exchange market, also known as FOREX or FX market, is the biggest financial market in the world with daily turnover of around USD 5 trillion.
BenchMark offers spot trading on the FX market at very low margin rates. Thus, one is able to open positions that exceed his available account funds up to 200 times through the MetaTrader 4 and 5 platforms. Our clients are allowed to trade with low volumes starting from 1 000 currency units (0.01 lot). BenchMark does not require a minimum deposit for opening an account.
The minimum trade size in the MetaTrader platform is 1 000 currency units (0.01 lot).
BenchMark offers currency trading on tight spreads, starting from 0.1 pip minimum and 0.8 pip average spread for EURUSD. Spreads and margin can vary with the market movement. You can find out more in the following table:
|Currency pair||Spread (pips)||Margin¹|
1. The margin requirements are related to the announced minimum volumes and account equities. If your account equity is between USD 50 000 and 200 000 or their equivalent in EUR, the margin requirements for FX will be twice as much as the stated values. For account equity is above USD 200 000, or their equivalent in EUR, the margin requirements as well as the Stop Out Policy are negotiable.
Benchmark offers spot forex trading through its MetaTrader 4 and 5 platforms from 22:15 GMT on Sunday to 21:55 GMT on Friday. The trading hours of the currency pairs including Russian ruble are from 07:15 to 16:45.