40+ forex pairs

the foreign currency exchange market, also known as forex, is the biggest market in the world, with a trading volume average of more than $5 trillion per day. it is also an incredibly volatile market, with changes happening within a matter of milliseconds.

what is forex

forex pairs at our platform are traded as contracts for difference (CFDs). the CFD derivatives market is made up of buyers and sellers, the main participants being large international banks, who place orders via electronic trading systems. this market is traded OTC (not traded on any regulated exchange) and as such there is no uniform price but each of the main international banks is providing its own quotes with the spot market acting as the point of reference for the quotes provided.

in forex trading, spot price of a currency pair is influenced by several factors, such as the economic outlook and geopolitical events in that region, as well as news data releases which may be perceived positively or negatively by the market.

contracts for difference (CFDs), allow traders to buy (go long) or sell (go short), and make profit or loss from price movements, without having to physically purchase and exchange the underlying currency.

forex is quoted in pairs, with each representing a global currency or economy. the first currency is called the ‘base’ currency (representing the volume you wish to trade) and the second is called the ‘term’ or ‘quote’ currency (representing the current exchange rate).

view monyxa’s spreads

the spreads, margins and trading hours for all of our forex pairs. 

download

list of all instruments in pdf

*please note that monyxa spreads can change due to the market conditions. monyxa reserves the right to change its contents at any time. 

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licenses & regulations

monyxa is a brand name owned, operated and used by a group of companies monyxa ltd (SVG), monyxa ltd (UK), monyxa dmcc (UAE) and monyxa holding (pty) ltd (RSA)

monyxa ltd (UK), located at 20-22 Wenlock Road, London, N1 7GU, registered by companies house under number 12822563 is a fund management, security and commodity dealer and financial market administrating firm. please view the license here or view it online.

monyxa holding (pty) ltd (RSA), located at 1 leslie road, fairways, gauteng, south africa 

monyxa ltd (SVG) Griffith Corporate Centre, Suite 305, Kingstown, Beachmont Kingstown, VC0120, St. Vincent & Grenadines, registration number 26054BC2020 a licensed financial brokerage firm.

 

risk warning

CFD’s are very complex instruments and come with a high risk of losing money due to leverage. It’s been proven that nearly 76.34% of all investors loose money when trading the CFD’s. You should wisely consider your understanding of CFDs and how they work and if you are willing to take the high risk of losing your funds. Please consider seeking a professional advice from an independent and licensed financial advisor to ensure that you have the relevant experience, knowledge and the risk taking appetite that suits you for trading. Monyxa shall have any liability under no circumstances to any person or entity for any kind of loss or damage resulting from, caused by or related to any CFD’s or any other trading transactions done at our platform. Most importantly, do not invest the capital that you cannot afford to loose. There are risks associated with on-line trading systems including, but not limited to, software and hardware failure, and Internet disconnection. Monyxa shall not be responsible under any circumstances  for communication failures, distortions or delays when trading via the Internet.

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