Trading Forex
World class forex execution
Access to Tier-1 liquidity so you receive higher fill-rates, fewer premature stop-outs and significant price improvements.
Forex FAQs
FX margin rates
Our initial margin rates start at 3.33% for major FX pairs including EURUSD, USDJPY, USDCAD, EURJPY and more. If you qualify as an Elective Professional client, our initial margin rates start at 1.5% for major FX pairs.
See a full list of our FX margin rates for retail clients.
Trading FX with Propex24
Both TraderGO and TraderPRO platforms offer you a fast and intuitive forex trading experience.
However, if you’d like some help getting started, we’ve put together a short guide on how to trade forex on TraderGO, which highlights the key features you’ll need.
FX Forward Outrights
Whereas the FX spot market is for immediate currency trades, the FX forward market is the market for trading currencies for delivery at some point in the future. It enables you to agree a price today (the FX forward price) at which two currencies will be exchanged on a predetermined date in the future.
At Propex24, we provide full electronic access to trade FX forward outrights in 100+ currency pairs with maturities from 1 day to 12 months.
Non-Deliverable Forwards (NDFs)
NDFs are tradable offline only through the Global Sales Trading desk. A minimum margin requirement of 8% is applicable (Professional clients only) along with a minimum trade size of USD 100,000 or equivalent. A higher margin requirement may apply depending on the level of exposure.
NDFs are tradeable offline only with maturities from 1 day to 12 months (3 months for CNY).
The following currency pairs are available to trade up to certain Net Open Position (NOP) limits:
| NOP Limit | Currency Pairs |
| USD 10 million | USDBRL, USDCLP, USDCOP, USDCNY, USDIDR, USDINR, USDKRW, USDTWD |
| USD 5 million | USDPHP, USDPEN |
Educational material
To learn more about forex visit our Education tab by clicking here.
Understanding your account
Net Free Equity Definition
Your Net Free Equity is:
- The cash balance of your main trading account
- Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account
- Plus the market value of any FX Options on your main trading account
- Minus any margin required for financing open positions on your main trading account and sub-accounts
Net Free Equity margin financing
The margin financing requirement may differ from the trading margin requirement.
To avoid paying overdraft interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Equity Balance.
Account Value definition
Account Value of your sub-account is:
- The value dated cash balance of the account
- Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards and Futures on the account
- Plus the market value of any FX Options on the account
Inactivity Fee
Propex24 does not charge an inactivity fee on your account.