with ultra-tight spreads and flexible leverage.
with no unnecessary delays.
on trader-favorite platforms like MT4, MT5, the Vida Markets Web Terminal and Vida Markets Trade app.
Symbol | Typical Spread | Max Leverage |
---|---|---|
EURUSD | 0.1 | 1000:1 |
USDJPY | 0.3 | 1000:1 |
GDPUSD | 0.3 | 1000:1 |
AUDUSD | 0.4 | 1000:1 |
NZDUSD | 0.7 | 1000:1 |
USDCHF | 0.7 | 1000:1 |
USDCAD | 0.9 | 1000:1 |
The forex market is the largest financial market in the world. With over $5.5 trillion in daily trading volume, currency pair trading presents endless opportunities 24 hours a day, 5 days a week.
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:
USDCNH, USDTHB: Sunday 23:05 to Friday 20:59
USDILS, GBPILS: Monday 05:00 to Friday 15:00 (daily break 15:00-05:00)
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.
Please note that spreads may widen when the markets experience lower liquidity, including rollover time. This may persist until liquidity levels are restored.
Our lowest spreads are on Zero account and remain fixed at 0.0 pips for 95% of the time. These instruments are marked with an asterisk in the table.
Swaps
Swap is the interest that is applied to all forex trading positions that are left open overnight. Swaps occur at 21:00 GMT+0 each day, excluding the weekend, until the position is closed. To help you estimate your swap costs, you can use our handy Vida Markets calculator. 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 Extended swap-free status. If you are a resident of a Muslim country, all accounts are automatically swap-free.
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. You can read more about the changes in margin requirements in the FAQ section below.
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.
Stop level
Please note that the stop level values in the table above are subject to change and may not be available for traders using certain trading strategies or Expert Advisors.
We believe in fair trading and offer better-than-market conditions for all.
Trade Forex online with a unique market protection feature that shields your positions against temporary market volatility and delays or avoids stop outs.
Trade the forex market with low and predictable trading costs. Enjoy tight spreads that stay stable, even during economic news releases.
Capitalize on the frequent price movements of popular currency pairs with ultra-fast execution. Get your FX trading orders executed in milliseconds.
The most sought-after currency pairs in trading are those with the highest liquidity, indicating extensive market activity. These encompass major FX pairs such as AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY. At Vida Markets, all these major currency pairs are offered for trading without any swap charges, enabling traders to maintain positions for extended periods without incurring additional fees.
Additionally, traders often diversify their portfolios by including other popular currency pairs known as FX minors. Examples of FX minors include AUDCAD, CADCHF, EURAUD, and GBPCHF, among others. Most FX minors are also accessible at Vida Markets with no overnight fees.
For specific details on which minors are part of the swap-free program, please refer to the instruments table provided on this page.
Leverage allows traders to execute trades using borrowed funds provided by their broker. Essentially, it amplifies your trading capacity by providing a loan, enabling you to control larger positions with a smaller portion of your own capital.
When utilized alongside a robust risk management plan, leverage in forex trading can enhance potential profits by amplifying gains from even minor market fluctuations. However, it's important to note that improper use of leverage can also magnify losses significantly without a well-considered risk management approach.
To mitigate the risk of substantial losses and optimize potential returns, it's crucial to carefully plan your risk management strategy and maintain a prudent level of exposure when selecting your desired leverage level.
Margin in online forex trading represents the initial capital required to initiate a position and serves as security against market fluctuations. Typically calculated as a percentage of the total position size and determined by your chosen leverage, it's essential to have adequate funds in your account to meet this requirement when opening a trade. Setting a suitable margin level helps you maintain control over your trades and aligns with your risk management plan.
The leverage you can access in your account varies based on your equity:
For accounts with equity between 0 to 999 USD, the maximum leverage is unrestricted.
If your equity ranges from 0 to 4,999 USD, the maximum leverage is 1:2000.
With equity between 5,000 to 29,999 USD, the maximum leverage allowed is 1:1000.
For accounts holding 30,000 USD or more in equity, the maximum leverage permitted is 1:500.
During significant news releases, the market can become highly volatile, leading to sudden price gaps. To manage risk, we limit leverage to 1:200 for all new positions affected by such events. If multiple news releases occur within 15 minutes, they may be treated as one extended period with adjusted margin requirements. You'll receive detailed email notifications about these changes. After the specified period, margin on affected positions is recalculated based on account funds and chosen leverage.
During weekends, a special margin rule is in effect for all forex trading, limiting leverage to a maximum of 1:200 for all instruments. Holidays may also impact margin requirements, albeit selectively, affecting specific instruments and markets. You'll receive email notifications about any changes in margin requirements related to holidays.
ChatGPT From Friday at 18:00 GMT until Sunday at 22:00 GMT, when the forex market reopens, margin requirements for new positions will be based on a maximum leverage of 1:200. During the first hour after the market reopens, your positions will maintain these increased margin requirements. After this initial hour, margin on positions opened during this period will be recalculated based on your account funds and selected leverage.