Forex

Access more than 100 forex pairs and tap into the potential of the world’s largest financial market.

Major Pairs
Cross Pairs
AUDUSD EURCHF NZDCAD GBPAUD
EURUSD EURGBP CADJPY GBPNZD
GBPUSD EURJPY AUDJPY NZDCHF
NZDUSD GBPJPY EURCAD NZDJPY
USDCAD GBPCAD EURAUD AUDCAD
USDCHF CHFJPY EURNZD AUDCHF
USDJPY CADCHF GBPCHF AUDNZD

Forex trading hours

Forex market trading hours is from Sunday 21:05 to Friday 20:59, however, currency pairs below have their own trading hours:

Instrument Open Close
USDCNH, USDTHB Sunday
23:05
Daily break -
 Friday
20:59
USDILS, GBPILS Monday
05:00
Daily break - 15:00-05:00
 Friday
15:00
All timings are in server time (GMT+0).

Spreads

Spreads are always floating. Because of this, the spreads in the above table are averages based on the previous trading day. For live spreads, please refer to the trading platform.

Swaps

Swap is the interest that is applied to all forex trading positions that are left open overnight. Swap rates differ from one currency pair to another.

When the swap rate is negative, this means that a swap is deducted from a position. However, when there's a positive figure for the swap rate, the amount is credited. Swaps occur at 22:00 GMT+0 each day, excluding the weekend, until the position is closed.

Please bear in mind that when trading forex pairs, triple swaps are charged on Wednesdays to cover financing costs incurred over the weekend.

We do not charge swaps for the instruments marked in the table above if you have an Extended swap-free status.

If you are a resident of a Muslim country, all accounts are automatically swap-free.

Fixed margin requirements

Margin requirements for exotic currency pairs always remain fixed, regardless of the leverage you use. The margin for these instruments is held in accordance with the instruments’ margin requirements and is not affected by the leverage on your account.

Dynamic margin requirements

The margin requirement for your account is tied to the amount of leverage you use. Changing leverage will cause margin requirements to change.

Just as spreads may change depending on market conditions, the amount of leverage available to you can also vary. This can happen for several of reasons which are explained below.

Equity

Maximum leverage changes based on your account’s equity:

Equity, USD Maximum leverage
0 - 9,999 1:200 – 1:500
10,000 1:100

Economic news

From 15 minutes before the publication of high-level economic news until 5 minutes after, margin requirements for new positions opened on affected forex instruments are calculated with a maximum leverage of 1:200.

You can find out when major economic news is due for release on our Economic calendar.

Weekends and holidays

An increased margin rule also applies to all forex trading that happens during weekends. All instruments during this period are subject to maximum leverage of 1:200. Holidays are slightly different as only certain instruments and markets may be affected by this rule. When there is a change in margin requirements due to holidays, we will inform you via email.

You can read more about the changes in margin requirements in the FAQ section below.

Frequently asked questions

Here are our most frequently asked questions about trading forex.

Like our spreads, our margin requirements are also dynamic and may change under some circumstances. Specifically, this may happen:

  • Shortly before and after important news releases
  • Before and after weekends and holidays
  • When your account equity changes

When important news is released, significant volatility and gaps can occur. Using high leverage in a highly volatile market is risky because sudden movements can result in larger losses. That’s why we cap leverage at 1:200 during news releases for all new positions for instruments impacted.

In cases when these intervals of increased margin requirements for different news releases are less than 15 minutes apart, these periods may be merged into one long period for the instruments involved. You’ll receive an email from us giving you full details of changes to margin requirements on your trading platform.

When the specified period has passed, the margin on positions opened during the period is recalculated based on the number of funds in the account and the selected leverage value.

Closing a hedged order during the period of increased margin requirements will result in an unhedged position which is treated as a newly opened position. Thus, the margin for this position is calculated based on the increased margin requirements and is distributed proportionally between the open transactions that involve the hedged financial instrument.

Margin requirements for the opening of new positions will be calculated on a maximum leverage of 1:200 from Friday at 18:00 GMT (three hours before the forex market closes) to Sunday at 22:00 GMT (one hour after the market opens).

For one hour after the market opens, your positions will remain at the increased margin requirements.

One hour after the market opening, the margin on positions opened during the period of increased margin requirements is recalculated based on the number of funds in your account and the leverage you’ve set.

The following rules apply when it comes to setting levels for pending orders:

  • Pending orders along with SL and TP (for pending orders) must be set at a distance (at least the same as the current spread or more) from the current market price.
  • SL and TP in pending orders must be set at least the same distance from the order price as the current spread.
  • For open positions, SL and TP must be set at a distance from the current market price which is at least the same as that of the current spread.

At RAMI, we know how it feels when your pending order falls in a price gap, so it’s only fair that we guarantee no slippage for virtually all pending orders that are executed at least 3 hours after trading opens for an instrument. However, if your order meets any of the following criteria, it will be executed at the first market quote that follows the gap:

  • If your pending order is executed in market conditions that are not normal, such as during a period of low liquidity or high volatility.
  • If your pending order falls in a gap but the difference in pips between the first market quote (after the gap) and the requested price of the order is equal to or exceeds a certain number of pips (gap level value) for a particular instrument.

Swap-free trading is offered for: AUDNZD, AUDUSD, EURCHF, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDCHF, AUDJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPNZD, NZDJPY, and NZDCAD.

For instruments not included in the extended swap-free list, swaps are charged every day except for weekends. For more information on how swaps are calculated, check out our Help Center article. To help you estimate your swap costs, you can use our handy RAMI calculator.

Like our spreads, our margin requirements are also dynamic and may change under some circumstances. Specifically, this may happen:

  • Shortly before and after important news releases
  • Before and after weekends and holidays
  • When your account equity changes

When important news is released, significant volatility and gaps can occur. Using high leverage in a highly volatile market is risky because sudden movements can result in larger losses. That’s why we cap leverage at 1:200 during news releases for all new positions for instruments impacted.

In cases when these intervals of increased margin requirements for different news releases are less than 15 minutes apart, these periods may be merged into one long period for the instruments involved. You’ll receive an email from us giving you full details of changes to margin requirements on your trading platform.

When the specified period has passed, the margin on positions opened during the period is recalculated based on the amount of funds in the account and the selected leverage value.

Closing a hedged order during the period of increased margin requirements will result in an unhedged position which is treated as a newly opened position. Thus, margin for this position is calculated based on the increased margin requirements and is distributed proportionally between the open transactions that involve the hedged financial instrument.

Margin requirements for the opening of new positions will be calculated on a maximum leverage of 1:200 from Friday at 18:00 GMT (three hours before the forex market closes) to Sunday at 22:00 GMT (one hour after the market opens).

For one hour after the market opens, your positions will remain at the increased margin requirements.

One hour after the market opening, the margin on positions opened during the period of increased margin requirements is recalculated based on the amount of funds in your account and the leverage you’ve set.

The following rules apply when it comes to setting levels for pending orders:

  • Pending orders along with SL and TP (for pending orders) must be set at a distance (at least the same as current spread or more) from the current market price.
  • SL and TP in pending orders must be set at least the same distance from the order price as the current spread.
  • For open positions, SL and TP must be set at a distance from the current market price which is at least the same as that of the current spread.

At RAMI, we know how it feels when your pending order falls in a price gap, so it’s only fair that we guarantee no slippage forvirtually all pending orders that are executed at least 3 hours after trading opens for an instrument. However, if your order meets any of the following criteria, it will be executed at the first market quote that follows the gap:

  • If your pending order is executed in market conditions that are not normal, such as during a period of low liquidity or high volatility.
  • If your pending order falls in a gap but the difference in pips between the first market quote (after the gap) and therequested price of the order is equal to or exceeds a certain number of pips (gap level value) for a particular instrument.

Gap level regulation applies to specific trading instruments.

Swap-free trading is offered for: AUDNZD, AUDUSD, EURCHF, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDCHF, AUDJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPNZD, NZDJPY, and NZDCAD.

For instruments not included in the extended swap-free list, swaps are charged every day except for weekends. For more information on how swaps are calculated, check out our Help Center article. To help you estimate your swap costs, you can use our handy RAMI calculator.