FX trading
CMC Markets were the first company to pioneer the delivery of FX trading on the internet in 1996 to private investors via our trading platform, Marketmaker. Since then we have expanded our product range and are now able to offer over 70 currency pairs, including all of the most popular markets and a selection of emerging market currencies too.
What is foreign exchange?
FX trading is the simultaneous buying of one currency and selling of another. Currencies are quoted in pairs, such as Euro vs. US Dollar. When one currency increases in value, it strengthens against the other, decreasing its value.
FX is popular for traders as:
- FX is an over-the-counter (OTC) market which means trades do not take place through a centralised exchange therefore FX trading takes place around the world 24 hours a day.
- The FX market is more liquid than any other financial market. This means clients have access to larger volumes, tight dealing spreads and lower margin rates
- FX markets can be very volatile creating plenty of opportunities to trade
FX trading with CMC Markets:
- FX is commission free; regardless of the size or frequency of the trade you place with CMC Markets.
- Profits made by a UK resident from trading currencies with our spread betting accounts are exempt from capital gains tax (CGT) and there is no stamp duty. Tax treatment depends on individual circumstances.
- Margins on FX instruments are extremely competitive
