Forex Trading

Forex Trading

SprocketPoint is a leading brokerage firm around the world. When you trade withSprocketPoint, you open access to benefits only a top broker can offer. Open forex trading account with us and enjoy dealing seamlessly with our award-winning platforms and customer services.

What is Foreign Exchange?

Foreign exchange, generally known as Forex or FX trading, is associated with the intent of getting a profit out of the shifts in its value. This is one of the world’s most heavily traded stocks, with an estimated exchange amount of $5 trillion a day. Foreign exchange trade means exchanging one pair of currencies against another, anticipating that one currency will grow or decline against another. Currencies, including the Euro and the US Dollar (EUR / USD), are exchanged in pairs. Being the world’s biggest economy by far, larger than the one or the other, the forex industry has strong liquidity. The forex market thus draws many traders, newcomers and experienced alike.

Forex Pairs – Maj, Min & Exo.

Tight spreads & Lev up to 1:1000

Funding methods – NO deposit fees

Superior Trading Tools –SprocketPoint

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Dedicated Customer Support

Forex Trading

Forex TradingSprocketPoint is a leading brokerage firm around the world.

When you trade withSprocketPoint, you open access to benefits only a top broker can offer. Open forex trading account with us.

Forex Trading

Indices Trading

Indices Trading Get access to the world's most popular Indices available on our all trading platforms & trade seamlessly with our widest sections of instruments making up the index in just one trade.

Indices Trading

Commodities Trading

Commodities Trading Factors like economic, political & environmental influence Commodities such as Copper, Coffee & Sugar. These can be traded like a currency pair...

Commodities Trading

Crypto Trading

Cryptocurrency Trading Speculate on the market action of the newest and most promising cryptocurrencies throughout the world like Bitcoin, Ethereum, Ripple and Litecoin with an...

Crypto Trading

Currency Pairs

A currency pair is an exchange-rate demand quotation for two separate currencies exchanged on FX markets. When an order for a currency pair is made, the first listed currency or base currency is purchased, while the second-mentioned currency is offered in a currency pair or quote currency. Currencies are subdivided into two key types-major and minor currencies. The main currencies come from the world’s most strong economies – the US, Japan, UK, Eurozone, Canada, Australia, Switzerland and New Zealand. They create forex pairs together with the other currencies.

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FAQ Of Trading Forex

You should be able to trade confidently when trading forex, as well as almost any other tool. Profits can never be assured, so any form of trading has its benefits and pitfalls, as well as the possibility of losing funds. Feel confident with the knowledge that SprocketPoint has proven records of strength and reliability, with capital resources that allow us to evolve and drive the industry forward.

Our widest section of tools and instruments allow you to trade safely with peace and to know thatSprocketPoint has your back. Everything that we do is at the highest possible standard, and we are making positive strides to constantly develop and significantly improve them for you.

Forex trading is identical to buying stock or derivatives except that you buy or sell one currency against the other while selling foreign exchange, so you do not take possession of the underlying currency. Crypto are leveraged commodities which allow you to open up a place for only a fraction of the full exchange value. You don’t assume control of the commodity as compared to non-leveraged commodities, you have a stance about how you believe the stock should grow or decline in value.

A lot of forex trading have typically been conducted through a forex broker, but with the increase of online trading, you can reap the benefits of forex market fluctuations through derivatives such as Crypto trading.

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Forex Trading Indices Trading Commodities Trading Cryptocurrency Trading

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

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