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Trade more than
300 products in over
24 exchanges with us.
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Forex & NDFs

What is Forex?

The Foreign Exchange market is commonly known as Forex (FX). It is the largest financial market in the world with a daily trading volume of US$5 trillion.

When you are trading Forex, you are buying/selling one currency for another at an agreed exchange price on the over-the-counter (OTC) market. 

 

 

Why should you trade Forex?

  • Unlike stocks, the highly liquid Forex market is open 24 hours a day, 5 days a week
  • Earn interest by taking advantage of the interest rate differential between the two currencies in a currency pair
  • Forex trading are leveraged, enabling you to trade large values at just the fraction of the cost
  • Profits are multiplied if the market moves in your favour*
  • Trading opportunities in both uptrends and downtrends for currency and precious metals pairs

*As Forex trading involves leverage, it has risks and rewards. While you can trade larger values at a fraction and potentially make greater profits/more money trading when market is in your favour, your losses may be just as magnified if the market moves against your position. Effective Forex risk management is hence vital.

Forex Currency Pairs

As a reliable Forex broker with a variety of product offerings, we have over 35 currency pairs to fit your trading needs. Trade popular currencies such as the US dollar (USD), euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), and the Swiss franc (CHF). We also offer more exotic currency pairs such as the offshore Renminbi (CNH). 
 
Forex Currency Pairs
Majors 
(Most traded)
EUR/USD USD/JPY GBP/USD USD/CHF AUD/USD NZD/USD USD/CAD
Minors AUD/CAD CAD/SGD EUR/JPY GBP/JPY NZD/JPY USD/TRY  
  AUD/CHF CHF/JPY EUR/NZD GBP/NZD NZD/SGD USD/ZAR  
  AUD/JPY CHF/SGD EUR/SGD GBP/SGD SGD/JPY XAG/USD  
  AUD/NZD EUR/AUD EUR/TRY HKD/JPY TRY/JPY XAU/EUR  
  AUD/SGD EUR/CAD GBP/AUD NOK/JPY USD/CNH XAU/JPY  
  CAD/CHF EUR/CHF GBP/CAD NZD/CAD USD/HKD XAU/USD  
  CAD/JPY EUR/GBP GBP/CHF NZD/CHF USD/SGD ZAR/JPY  

Non-deliverable Forwards (NDFs)

Non-deliverable Forwards (NDFs) are net cash settled forwards on thinly traded or regulated currencies. The difference between the contracted NDF price and the prevailing spot price is settled at maturity, usually in USD.  No physical delivery is involved.

 

 

Why should you trade NDFs?

  • Gain access to interest yields in countries without freely convertible currencies
  • Hedging tool for restricted currencies 
  • NDF trading isleveraged, enabling you to trade large values at just the fraction of the cost
  • No physical delivery required

NDF Currency Pairs

Choose from the following currency pairs which are available for NDFs
 
NDF Currency Pairs
 USD/CNY Chinese Renminbi  USD/IDR Indonesian Rupiah
 USD/INR Indian Rupee  USD/KRW Korean Won
 USD/PHP Philippines Peso  USD/TWD Taiwan Dollar
 

Trade Forex & NDFs with Phillip Futures

Visit us at our main office or our affiliated investor centres to open a Phillip Futures account today. For more information on Futures trading, please give us a call at (65) 6538 0500 or send us an email at futures@phillip.com.sg.