TOP8 - Most Traded Forex

Trade Forex CFDs with Plus500

Trade the most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP at Plus500. Use our advanced trading tools to protect your profits and limit losses. Trade forex with up to 1:30 leverage. With as little as £100 you can gain the effect of £3,000 capital! Use our trading tools such as Stop Loss, Stop Limit and Guaranteed Stop to limit losses and lock in profits. Get FREE real-time forex quotes and set indicators to easily analyse charts.

What is Forex and how does Forex trading work?

Forex trading (also commonly known as Foreign Exchange, currency or FX trading) is a global market for trading one country’s currency in exchange for another country's currency. It serves as the backbone of international trade and investment: imports and exports of goods and services; financial transactions by governments, economic institutions or individuals; global tourism and travel – all these require the use of capital in the form of swapping one currency for a certain amount of another currency.

When trading Forex CFDs, you are essentially speculating on the price changes in their exchange rate. For example, in the EUR/USD pair the value of one Euro (EUR) is determined in comparison to the US dollar (USD), and in the GBP/JPY pair the value of one British pound sterling (GBP) is quoted against the Japanese yen (JPY).

If you think the exchange rate will rise you can open a ‘Buy’ position. Conversely, if you think the exchange rate will fall you can open a ‘Sell’ position.

To see a full list of currency pairs offered by Plus500, click here.

How do you start trading Forex CFDs?

To start trading commodities with Plus500, simply:

  1. Sign up / Log in to your account.
  2. Search for the instrument you want to trade.
  3. Click the 'Buy' or 'Sell' button depending on the direction you think the commodity will move.
  4. Open a trade.