Forex

Move with global currency markets

Trade 24/5 on assets in the foreign exchange market. We offer over 50 major, minor, and exotic currency pairs, with competitive spreads, sharp prices, fast execution, and 0% commission.

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Why trade Forex with CopyMentors

An illustration representing swap-free trading

Swap-free trading, no overnight fees

Focus on market movements without worrying about overnight charges.

An illustration representing 1:1000 leverage

Go big with up to 1:1000 leverage

Maximise your forex market exposure with high leverage and super tight spreads.

An illustration representing major, minor, exotic pairs

Trade major, minor, exotic pairs

Capitalise on diverse market dynamics for potential gains with a wide range of currency pairs.

50+

Currency pairs

1:1000

Maximum leverage

0%

Commission

0

Swap fees

Forex instruments available on CopyMentors

Major pairs

Major currency pairs focus on the world’s top currencies used in international trade. Also available as swap-free CFDs.

Minor pairs

Minor currency pairs have less liquidity than major pairs, and offer a chance to explore different market behaviours.

Exotic pairs

Exotic pairs combine major currencies with those from growing economies.

Micro pairs

Micro pairs allow you to trade major and minor pairs in smaller volumes.

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Forex FAQs

What are the benefits of forex trading?

Some benefits of forex trading are:

‍Tighter spreads: As one of the most liquid financial markets, forex tends to offer tighter spreads than other asset classes. This means you can retain more potential profits on winning trades.
‍Accessibility: The forex market is open 24 hours a day, 5 days a week. This gives you the flexibility to trade at your convenience.
‍Low capital requirements: At CopyMentors, you can trade forex with a minimum deposit of 5 USD.
‍Leverage: CopyMentors offers forex leverages of up to 1:1000 on forex trading. This higher leverage allows you to control larger positions with less capital. However, it also amplifies your risk.

How do I read a forex quote?

Forex quotes are expressed as a pair of currencies, with the first being the base currency and the second being the quote currency.

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The base currency is the currency being priced, and the quote currency is the currency used to price the base currency. For example, in the forex quote EUR/USD 1.1800, EUR is the base currency, and USD is the quote currency. This means that 1 EUR is worth 1.1800 USD.

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Forex brokers always show two prices for a currency pair: the bid price and the ask price. The bid price is the highest price a buyer is willing to pay for the base currency. In contrast, the asking price is the lowest price a seller is willing to accept for the base currency. The asking price will always be higher than the bid price.

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What are the costs associated with trading CFD forex pairs?

Forex trading fees include:

‍Spread cost: The spread is the difference between the bid and ask price, which is the cost of placing a trade.
‍Swap fees: Swap fees are charged for holding positions overnight. This is to account for interest rate differentials between the two currencies and the cost of funding the position overnight.
‍Commission: The commission is sometimes charged separately from the spread, especially for raw spread accounts. You can find CopyMentors's spread cost and swap fees in the FX pairs trading conditions table above in this page.

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What is the difference between major pairs, minor pairs, and exotic pairs in forex trading?

Major forex pairs are the most popular and liquid pairs, involving the US dollar (USD) and other major currencies such as the euro (EUR), British pound (GBP), Japanese yen (JPY), Swiss franc (CHF), Canadian dollar (CAD), and Australian dollar (AUD).

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Minor forex pairs, also known as cross-currency pairs, typically do not include the USD and are traded less often. Some examples of minor currency pairs include the EUR/GBP, GBP/JPY, and EUR/CHF.

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Exotic currency pairs involve the combination of a major currency with the currency of a developing or emerging economy. Some examples of exotic currency pairs include the USD/SGD (US dollar/Singapore dollar) and USD/TRY (US dollar/Turkish lira).

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What factors affect exchange rates?

The major factors that impact the forex exchange rate include:

Interest rates
Inflation rates
Geopolitical events
Economic indicators (such as GDP, employment data, and consumer sentiment)
Political stability
Central bank actions
Forex market sentiment
Global trade patterns

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The interplay of these factors can lead to exchange rates fluctuations.

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