Box 1896-00606, Nairobi, Republic of Kenya is regulated by the Capital Markets Authority of the Republic of Kenya with a Non-Dealing Online Foreign Exchange Broker with license number 135.Įxinity UK Limited (with registration number 10599136 and registration address at 1 st. 46614.Įxinity Capital East Africa Ltd (with registration number PVT-ZQU6JE7 and registration address at West End Towers, Waiyaki Way, 6th Floor, P.O. Trading forex is risky, so always trade carefully and implement risk management tools and techniques.įXTM brand is authorized and regulated in various jurisdictions.įorexTime Ltd (with registration number HE 310361 and registration address at 35, Lamprou Konstantara, FXTM Tower, 4156, Kato Polemidia, Limassol, Cyprus is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. Of course, such large trading volumes mean a small spread can also equate to significant losses. several pips) can soon add up to a significant profit. On the forex market, trades in currencies are often worth millions, so small bid-ask price differences (i.e. The diagram on the left looks at the most traded currency pair (EUR/USD) in the forex market and breaks down its essential componentsįor most currency pairs, a pip is the fourth decimal place, the main exception being the Japanese Yen where a pip is the second decimal place. These include the Euro against the US Dollar, the US Dollar against the Japanese Yen and the British Pound against the US Dollar. You can make a profit by correctly forecasting the price move of a currency pair.įXTM offers hundreds of combinations of currency pairs to trade including the majors which are the most popular traded pairs in the forex market. The price for a pair is how much of the quote currency it costs to buy one unit of the base currency. This ‘currency pair’ is made up of a base currency and a quote currency, whereby you sell one to purchase another.

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