Forex is the foreign exchange market, the global international currency market
Forex or FOREX can also be used for
Exchange may refer to:
Foreign exchange may refer to:
The foreign exchange market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.
A currency pair is the dyadic quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called the counter currency, quote currency, or currency and the currency that is quoted in relation is called the base currency or transaction currency.
Foreign exchange fraud is any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Currency trading became a common form of fraud in early 2008, according to Michael Dunn of the U.S. Commodity Futures Trading Commission.
Joel Nathan Ward was a foreign currency trader, who has confessed to fraud and money laundering and was sentenced to nine years in Federal prison, plus three years of supervised release.
The interbank market is the top-level foreign exchange market where banks exchange different currencies. The banks can either deal with one another directly, or through electronic brokering platforms. The Electronic Broking Services (EBS) and Thomson Reuters Dealing are the two competitors in the electronic brokering platform business and together connect over 1000 banks. The currencies of most developed countries have floating exchange rates. These currencies do not have fixed values but, rather, values that fluctuate relative to other currencies.
An exchange, bourse, trading exchange or trading venue is an organized market where (especially) tradable securities, commodities, foreign exchange, futures, and options contracts are bought and sold.
Retail foreign exchange trading is a small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies. This segment has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. In 2016, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market.
Forex autotrading is a slang term for automated trading on the foreign exchange market, wherein trades are executed by a computer system based on a trading strategy implemented as a program run by the computer system.
OFX is an Australian online foreign exchange and payments company with headquarters in Sydney. OFX service small and medium businesses, ecommerce retailers, and high-value consumers. The company also provides money transfer services to the clients of Macquarie Group, Link Market Services, WiseTech Global, Storfund and Avask, and has been approved by the Australian Tax Office as a provider for people remitting monies back to the ATO from offshore accounts.
A non-bank foreign exchange company also known as foreign exchange broker or simply forex broker is a company that offers currency exchange and international payments to private individuals and companies. The term is typically used for currency exchange companies that offer physical delivery rather than speculative trading. i.e. there is a physical delivery of currency to a bank account.
Currensee was a financial services company based in Boston to serve as a social network for foreign exchange traders. The company provided mirror trading services to its clients that allowed them to make trading decisions based on other traders actions. The company was acquired by Oanda in 2013, which decided to close down the service a year later in October 2014.
MRC Markets is an Austrian financial brokerage firm offering on-line trading in Forex and contracts for difference. It has membership of the Vienna Stock exchange and licensed in Russia and Lithuania. It has offices in Russia, the UK and India.
FXDirectDealer, LLC is a provider of foreign exchange trading for retail and institutional clients. The company provides access to the spot foreign exchange market through proprietary and third-party trading software, including: MetaTrader 4, FXDD Swordfish, PowerTrader, VikingTrader, Mirror Trader, and JForex.
The forex scandal is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain. Market regulators in Asia, Switzerland, the United Kingdom, and the United States began to investigate the $4.7 trillion per day foreign exchange market (forex) after Bloomberg News reported in June 2013 that currency dealers said they had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts and pushing through trades before and during the 60-second windows when the benchmark rates are set. The behavior occurred daily in the spot foreign-exchange market and went on for at least a decade according to currency traders.
Integral Forex, a branch of Integral Securities, is a Turkey-based financial trading services provider specialized in foreign exchange (forex) and contract for difference (CFD) brokerage.
India has large foreign-exchange reserves; holdings of cash, bank deposits, bonds, and other financial assets denominated in currencies other than India's national currency, the Indian rupee. The reserves are managed by the Reserve Bank of India for the Indian government and the main component is foreign currency assets.
Markets.com, is a global trading and investing brand owned by Finalto Group, the financials division of FTSE 250 listed Playtech. Market.com is an electronic trading platform for trading on the foreign exchange market, commodity market, cryptocurrency market, stock market, ETFs and bonds through Contracts for Difference (CFDs) and in the UK & Ireland, Spread Bets. It is also an investment services provider offering physical share dealing and a quantitative investment strategy builder. Playtech is listed on the London Stock Exchange under ticker PTEC.
Forex Club is a group of companies based in Saint Vincent and the Grenadines participating in the retail market of Contract for difference, Foreign Exchange Trading. The company uses the Libertex web and mobile trading platform in addition to MT4 and its structure includes financial and educational companies.