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.
Minimum trade size
The minimum trade size in the MetaTrader platform is 1 000 currency units (0.01 lot).
Spreads and margin
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:
Code
Minimum volume
Value of 1 pip
Average spread
Margin
Major
EUR
USD
EURUSD
1000 EUR
0.10 USD
0.8
5
5.5
USDJPY
1000 USD
10 JPY
0.9
4.5
5
USDCHF
1000 USD
0.10 CHF
1.5
15
16
USDCAD
1000 USD
0.10 CAD
1.4
4.5
5
AUDUSD
1000 AUD
0.10 USD
1.1
4
4.5
GBPUSD
1000 GBP
0.10 USD
1.2
7
8
GBPJPY
1000 GBP
10 JPY
1.5
7
8
EURGBP
1000 EUR
0.10 GBP
1.1
5
5.5
EURJPY
1000 EUR
10 JPY
1.5
5
5.5
NZDUSD
1000 NZD
0.10 USD
1.5
4
5
AUDCAD
1000 AUD
0.10 CAD
2.1
4
4.5
AUDCHF
1000 AUD
0.10 CHF
2.2
12
13
AUDJPY
1000 AUD
10 JPY
1.6
4
4.5
AUDNZD
1000 AUD
0.10 NZD
2.8
4
4.5
CADCHF
1000 CAD
0.10 CHF
1.8
12
13
CADJPY
1000 CAD
10 JPY
1.6
4
4.5
CHFJPY
1000 CHF
10 JPY
2.3
16
18
EURAUD
1000 EUR
10 JPY
2.0
5
5.5
EURCAD
1000 EUR
0.10 AUD
2.0
5
5.5
EURCHF
1000 EUR
0.10 CHF
1.6
15
18
EURNZD
1000 EUR
0.10 GBP
3.4
5
5.5
GBPAUD
1000 GBP
0.10 NZD
3.0
14
16
GBPCAD
1000 GBP
0.10 CAD
2.9
7
8
GBPCHF
1000 GBP
0.10 CHF
2.3
19
21
GBPNZD
1000 GBP
0.10 NZD
4.9
14
16
NZDCAD
1000 NZD
0.10 CAD
2.4
4
5
NZDCHF
1000 NZD
0.10 CHF
2.5
12
13
NZDJPY
1000 NZD
10 JPY
1.8
4
5
EURNOK
1000 EUR
0.10 NOK
37
50
58
EURSEK
1000 EUR
0.10 SEK
27
50
58
EURTRY
1000 EUR
0.10 TRY
18
80
92
USDMXN
1000 USD
0.10 MXN
33
70
80
USDNOK
1000 USD
0.10 NOK
26
44
50
USDSEK
1000 USD
0.10 SEK
21
44
50
USDTRY
1000 USD
0.10 TRY
11
70
80
USDRUB
1000 USD
10 RUB
290
90
100
USDCNH
1000 USD
0.10 CNH
20
90
100
Code
Minimum volume
Value of 1 pip
Average spread
Margin
Major
EUR
USD
EURUSD
1000 EUR
0.10 USD
0.8
10
11
USDJPY
1000 USD
10 JPY
0.9
9
10
USDCHF
1000 USD
0.10 CHF
1.5
30
32
USDCAD
1000 USD
0.10 CAD
1.4
9
10
AUDUSD
1000 AUD
0.10 USD
1.1
8
9
GBPUSD
1000 GBP
0.10 USD
1.2
14
16
GBPJPY
1000 GBP
10 JPY
1.5
14
16
EURGBP
1000 EUR
0.10 GBP
1.1
10
11
EURJPY
1000 EUR
10 JPY
1.5
10
11
NZDUSD
1000 NZD
0.10 USD
1.5
8
10
AUDCAD
1000 AUD
0.10 CAD
2.1
8
9
AUDCHF
1000 AUD
0.10 CHF
2.2
24
26
AUDJPY
1000 AUD
10 JPY
1.6
8
9
AUDNZD
1000 AUD
0.10 NZD
2.8
8
9
CADCHF
1000 CAD
0.10 CHF
1.8
24
26
CADJPY
1000 CAD
10 JPY
1.6
8
9
CHFJPY
1000 CAD
10 JPY
2.3
32
36
EURAUD
1000 EUR
10 JPY
2.0
10
11
EURCAD
1000 EUR
0.10 AUD
2.0
10
11
EURCHF
1000 EUR
0.10 CHF
1.6
30
36
EURNZD
1000 EUR
0.10 GBP
3.4
10
11
GBPAUD
1000 GBP
0.10 NZD
3.0
28
32
GBPCAD
1000 GBP
0.10 CAD
2.9
14
16
GBPCHF
1000 GBP
0.10 CHF
2.3
38
42
GBPNZD
1000 GBP
0.10 NZD
4.9
28
32
NZDCAD
1000 NZD
0.10 CAD
2.4
8
10
NZDCHF
1000 NZD
0.10 CHF
2.5
24
26
NZDJPY
1000 NZD
10 JPY
1.8
8
10
EURNOK
1000 EUR
0.10 NOK
37
100
116
EURSEK
1000 EUR
0.10 SEK
27
100
116
EURTRY
1000 EUR
0.10 TRY
18
160
184
USDMXN
1000 USD
0.10 MXN
33
140
160
USDNOK
1000 USD
0.10 NOK
26
88
100
USDSEK
1000 USD
0.10 SEK
21
88
100
USDTRY
1000 USD
0.10 TRY
11
140
160
USDRUB
1000 USD
10 RUB
290
90
100
USDCNH
1000 USD
0.10 CNH
20
90
100
Code
Minimum volume
Value of 1 pip
Average spread
Margin
Major
EUR
USD
EURUSD
1000 EUR
0.10 USD
0.8
20
22
USDJPY
1000 USD
10 JPY
0.9
18
20
USDCHF
1000 USD
0.10 CHF
1.5
60
64
USDCAD
1000 USD
0.10 CAD
1.4
18
20
AUDUSD
1000 AUD
0.10 USD
1.1
16
18
GBPUSD
1000 GBP
0.10 USD
1.2
28
32
GBPJPY
1000 GBP
10 JPY
1.5
28
32
EURGBP
1000 EUR
0.10 GBP
1.1
20
22
EURJPY
1000 EUR
10 JPY
1.5
20
22
NZDUSD
1000 NZD
0.10 USD
1.5
16
20
AUDCAD
1000 AUD
0.10 CAD
2.1
16
18
AUDCHF
1000 AUD
0.10 CHF
2.2
48
52
AUDJPY
1000 AUD
10 JPY
1.6
16
18
AUDNZD
1000 AUD
0.10 NZD
2.8
16
18
CADCHF
1000 CAD
0.10 CHF
1.8
48
52
CADJPY
1000 CAD
10 JPY
1.6
16
18
CHFJPY
1000 CHF
10 JPY
2.3
64
72
EURAUD
1000 EUR
10 JPY
2.0
20
22
EURCAD
1000 EUR
0.10 AUD
2.0
20
22
EURCHF
1000 EUR
0.10 CHF
1.6
60
72
EURNZD
1000 EUR
0.10 GBP
3.4
20
22
GBPAUD
1000 GBP
0.10 NZD
3.0
56
64
GBPCAD
1000 GBP
0.10 CAD
2.9
28
32
GBPCHF
1000 GBP
0.10 CHF
2.3
76
84
GBPNZD
1000 GBP
0.10 NZD
4.9
56
64
NZDCAD
1000 NZD
0.10 CAD
2.4
16
20
NZDCHF
1000 NZD
0.10 CHF
2.5
48
52
NZDJPY
1000 NZD
10 JPY
1.8
16
20
EURNOK
1000 EUR
0.10 NOK
37
200
232
EURSEK
1000 EUR
0.10 SEK
27
200
232
EURTRY
1000 EUR
0.10 TRY
18
320
368
USDMXN
1000 USD
0.10 MXN
33
280
320
USDNOK
1000 USD
0.10 NOK
26
176
200
USDSEK
1000 USD
0.10 SEK
21
176
200
USDTRY
1000 USD
0.10 TRY
11
280
320
USDRUB
1000 USD
10 RUB
290
90
100
USDCNH
1000 USD
0.10 CNH
20
90
100
1. The margin requirements are related to the announced minimum volumes and account equities. If your account equity is between USD 50 000and 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.
Forex trading hours
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 15:00.
Important: FX trading has a daily pause between 20:58 and 21:02 GMT. During that period FX quotes will not be active for trading. This 4-minute pause in trade is made, since our BenchMark's liquidity providers stop their feed, because in this time the liquidity is extremely low or completely missing.