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Why trade forex market with MagnoFX

Dominate the FX market and engage in currency trading on acclaimed forex platforms with a broker that provides an efficient and economical trading environment.

Stop Out Protection

Trade FX with an innovative market protection feature designed to safeguard your positions from short-term market fluctuations, preventing or minimizing stop outs and delays.

Low and stable spreads

Engage in FX trading with consistently low and and transparent fee. Benefit from narrow spreads that remain steady, even amidst economic news releases and market events.

Fast execution

Leverage the frequent price movements of popular currency pairs with lightning-fast execution. Have your FX trading orders executed within milliseconds.

FX trading conditions

Market Execution

SymbolAvg. spread
pips		Commission
per lot/side		Margin
1:500 		Long swap
pips		Short swap
pips		Stop level*
pips
AUDUSDm Australian Dollar vs US Dollar
• Extended Swap-free available
1.4$10.05%−0.3100
DXYm US Dollar Index1.4$10.05%−0.3100
EURUSDm Euro vs US Dollar
Extended Swap-free available
1.4$10.05%−0.3100
GBPUSDm Great Britain Pound vs US Dollar
Extended Swap-free available
1.4$10.05%−0.3100
NZDUSDm New Zealand Dollar vs US Dollar
Extended Swap-free available
1.4$10.05%−0.3100
USDCADm US Dollar vs Canadian Dollar
Extended Swap-free available
1.4$10.05%−0.3100
USDCHFm US Dollar vs Swiss Franc
Extended Swap-free available
1.4$10.05%−0.3100
USDJPYm US Dollar vs Japanese Yen
Extended Swap-free available
1.4$10.05%−0.3100

FX market
conditions

The forex market stands as the world's largest financial market, boasting a daily trading volume surpassing $5.5 trillion. With currency pair trading available 24 hours a day, 5 days a week, it offers boundless opportunities for traders.

Forex trading hours

The Forex market operates from Sunday 22:05:00 to Friday 21:59:00 (server time GMT+0).

Spreads

Spreads are subject to fluctuation. The spreads listed in the table above represent averages calculated. For real-time spreads, kindly consult the trading platform.

It's important to note that spreads may widen during periods of reduced market liquidity, such as rollover time. This widening may persist until liquidity levels return to normal.

Our narrowest spreads are offered on the ECN account, min. at 0.0 pips.

Swaps

Swap refers to the interest applied to all forex trading positions held overnight. Swaps are calculated at 22:00 GMT+0 daily, excluding weekends, until the position is closed.

To assist you in estimating your swap costs, utilize our convenient MagnoFx calculator or the trading platform. It's important to note that when trading forex pairs, triple swaps are applied on Wednesdays to account for financing costs accrued over the weekend.

For instruments indicated in the table above, swap charges are waived if you have Extended swap-free status.

Fixed margin requirements

Maximum available leverage for selection remains at 1:500 on major FX instruments.

For exotic pairs, the margin is held in accordance with the instruments’ margin requirements and is not affected by the leverage on your account.

Stop level

Stop level values listed in the table above are subject to change and may not be accessible for traders employing specific high-frequency trading strategies.

Frequently asked questions

What are the most important FX pairs to trade?

The most actively traded currency pairs are those that provide the greatest degree of liquidity, or are the most frequently traded.

FX majors such as AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY are included. All of these currency trading pairs are offered for swap-free trading at Magno Fx, allowing you to hold your positions for an extended period of time without incurring any additional fees.

FX minors are additional well-liked currency pairs that traders include in their portfolios. Such pairs consist of AUDCAD, CADCHF, EURAUD, GBPCHF, and others. The majority of FX minors are also offered at Magno Fx without any overnight fees.

The precise minors that are encompassed within the swap-free programme are detailed in the table of instruments located on this page.

What is leverage in forex trading?

In essence, leverage is the capacity to execute transactions using borrowed capital. Akin to a loan, your broker provides you with additional funds to supplement your holdings, allowing you to access larger trading positions with less of your own capital.

Leverage in foreign exchange, when coupled with a robust risk management strategy, can increase trading returns by facilitating the exploitation of smaller price fluctuations. However, failure to couple it with a meticulously planned risk management strategy may result in more substantial losses.

Prior to selecting your preferred leverage option, ensure that you have a well-thought-out risk strategy and maintain a prudent level of exposure in order to prevent excessive losses and increase the likelihood of greater returns.

What is margin in online forex trading?

In online foreign exchange trading, margin is essentially the required amount of capital to open a position. It serves as collateral in the event of price fluctuations. This is typically calculated by forex brokers as a proportion of the total position size, which is determined by the leverage you select.

In order to initiate an online forex trade, your account must contain sufficient funds to satisfy the margin requirement of the trade. One can enhance their oversight of trades by establishing a suitable margin level that is consistent with their overarching risk management strategy.

How does the equity of my account impact the maximum leverage I may employ?

The maximum leverage that can be applied to an account is contingent upon the equity of that account.

10 to 49,999 USD: 1:500 maximum leverage

50,000 to 149,999 USD: 1:200 maximum leverage

< $150,000 USD: 1:100 maximum leverage