The Foreign Exchange Currency market (e.g. Forex/ FX) is the largest and most volatile financial market in the world. According to the Bank for International Settlements, the Forex market accounts for daily tunrovers of around four trillion dollars and the market has been growing every year.
The FOREX Market is a decentralized, Over-The-Counter (OTC) Market with currencies being traded against each other by Central Banks, Commercial & Investment Banks, Currency Speculators, Governments and other financial institutions.
Unlike a traditional stock market, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest commercial banks and securities dealers. Within the inter-bank market, Spreads, which are the difference between the bid and ask prices for the various currency pairs are razor sharp and vary widely from spreads available to investors outside the top-tier.
The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a forex trader can guarantee large numbers of transactions for large amounts, they can usually demand a smaller difference between the Bid and Ask, which is referred to as better forex spread.
The BullFx’s model provides our traders with the latest and best in trading technology solutions such as direct access to ‘interbank level’ bid/offer spreads on leading currency pairs, including direct access to trading floors, online deposits and withdrawals, and a live feed of the latest market news. For queries you may chat our online Customer Support which is available 24 hours a day, 5 days a week.
We offer a very stable spread and a straightforward real stp brokerage service, accessible system to suit both forex beginners and professional traders. Our traders have access to a wide range of forex currency pairs, and more.