A Forex broker is a trading company that serves as a link between traders and a network of banks with foreign exchange liquidity. These brokers offer traders access to forex trading, leverage, and a trading platform.

At Alchemy Markets, you can trade over 80 Forex pairs with tight spreads as low as 0.2 pips and leverage up to 500:1 for professional traders, all commission-free¹. Being a regulated multi-asset broker, we also provide CFD trading instruments beyond Forex, including Stocks, Indices, Crypto, ETFs, Commodities, and more.

Forex trading involves speculating on the price movements of currency pairs such as USDJPY and EURUSD with the purpose of earning through changes in price. Traders can buy/sell Forex pairs in the form of CFD instruments through brokers like Alchemy Markets.

CFDs, or Contracts for Difference, are unique financial instruments that mirror the price of a stock share, or any other asset. It is now commonly offered by brokers and exchanges and allows traders to speculate on the price of an asset without owning it. This means you can also short-sell a stock to profit from any downward moves.

To start trading Forex CFDs with Alchemy Markets is as easy as 1,2,3. Simply register for a trading account, complete your KYC, and deposit funds to begin your trading journey!

We provide access to the best Forex trading platforms and apps in the industry, MetaTrader 5, equipped with superior charting tools and technical indicators with which you can trade the stock market.

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Generally, Forex is available to trade 24/5 except for on public holidays and bank holidays. Additionally, trading hours may be affected by public holidays in different financial centres, so it’s advisable to check the Alchemy Markets trading schedule for any changes during these periods.

With Alchemy Markets, you can trade Forex from virtually anywhere in the world, provided you have an internet connection. Utilise popular platforms provided by Alchemy Markets, such as MetaTrader 5 (MT5) and our FIX API (charges may apply) to trade forex. These platforms offer you the flexibility to trade from your desktop, tablet or mobile device. Alchemy Markets gives you access to trade over 80 Forex pairs, including major, minor, and exotic pairs with some of the lowest all-in costs and best trading conditions in the industry.

In Forex, a pip refers to the minimum price movement in a currency pair. For USD/JPY, this equates to $0.01; for other pairs, $0.0001.

The Forex markets operate around the clock, 24 hours, 5 days during the business week, excluding public and bank holidays. This provides the flexibility to engage with the forex market from any location, at any time. Four primary trading sessions define the market’s daily cycle: Sydney, Tokyo, London, and New York.

These sessions overlap, ensuring continuous trading activity over 24 hours. Many traders choose to trade during peak market hours, which occurs during the overlap of New York and London sessions from 12PM to 4PM (GMT) on weekdays.