Online Forex Trading at BBY eBridge Trader

Traditionally only within reach of institutions, the BBY eBridge Trader platform allows private clients to participate in the global Forex market, offering the highest level of service including aggressive pricing, superior liquidity, outstanding reliability and a range of more than 160 different Forex crosses.

Forex products offered also include Forward Outrights and FX options.

BBY eBridge facilitates Forex trading on three different online platforms, covering the needs of those new to the Forex markets as well as the professional investor who demands a wide instrument selection and a variety of product types for multi-asset portfolio creation.

Forex Forward Outrights

BBY eBridge Trader provides competitive Forex forward pricing to support our client’s needs for either hedging or speculation purpose. Forward Outrights are commonly used to hedge currency risks for futures Forex transactions, and to take advantage of interest rate differentials between currencies. Almost the entire range of Forex Spot crosses is available as Forward Outrights with live tradable prices available through the BBY eBridge platform for the majority. ?

Forex Options at BBY eBridge Trader

Forex Options trading is a more advanced form of currency trading available with an BBY eBridge online trading account. FX Options can be used to facilitate a number of trading strategies on a medium to long-term investment timeline, as well as offering excellent opportunities for hedging spot positions. Forex Options are also available for currency crosses and Gold and Silver against the US dollar. ?

• Over the Counter (OTC) plain vanilla European style Forex Options in over 40 major currency crosses
• The FX Options Trade Board brings an innovative and intuitive trading tool to investors
• Dealable live steaming price for 9 major FX cross options
• Precious Metal Options (Gold and Silver)
• Low margin requirements
• Professional netting calculation for hedging purpose
• Automatic exercise of in-the-money Options on expiry
• Collateralizing other investment for funding options trading

Why trade Forex on BBY eBridge Trader

• 24-hour trading on live streaming prices
• Efficient, state-of-the-art customer service with a 24 hour help and execution desk
• Superior liquidity from top Tier-1 providers
• Very competitive trading spreads
• Leverage trades up to 100 times with our low margin rates
• Live trading of 160+ Forex currency crosses — more than any other online provider
• Comprehensive trading instrument for private or professional traders. BBY eBridge Trader offers Spot Forex, Spot Gold and Silver, versatile trade order types, OTC Options and Forward Outrights.

SpotGold and Silver at BBY eBridge Trader

Spot Gold and Silver are the first in a new range of Spot Tradable Commodities that are ideal for both long and shorter-term speculative investing. Spot Gold and Silver are traded through the Forex Trade Module in our BBY eBridge Trader trading platform. ?

Leveraging

Leverage small price movements in these market commodities by up to 50 times with our low margin requirements. With our low margin requirements you need to deposit just 2% of the trade value in collateral during weekdays and 4% over weekends. Remember to only use leverage within your limits, leverage can magnify returns and losses.

Long and Short Trades

Spot Commodities allow you to short sell to take advantage of falling prices as easily as taking a long position.

Our free Trading Platform, a good place to start ?

A good place to start is by registering and downloading a BBY eBridge Trader practice account. This practice account allows you to trade Forex on a fully-functional trading platform, on live Forex prices and from a risk-free simulated account that can even be reset if you want to start again from scratch. ?

 

 

Why Trade Forex?

About the Forex market

The currency market is huge with an estimated USD 3.5 trillion traded every day. This is far larger than both the Stock and Futures markets combined. With this level of turnover, there is always movement in the Forex markets and the chance to make profits, even when other markets are stagnant. ?

What are FX options? ?

BBY eBridge Trader is the first FX Option trading provider to offer trading of FX options directly on live streaming prices, without dealer intervention, to private investors. ?

A Forex Option gives an investor the right, but not the obligation, to either buy (Call Option) or sell (Put Option) a certain currency pair at a specified price (known as the strike) on a specified date (the expiry date). For this right to buy or sell the underlying asset, a premium is paid upfront to the seller of the Option. Whether one chooses to use, or exercise, this right is dependent upon the market conditions at the time the Option expires. Trading Forex Options makes it possible to profit when a currency pair moves higher or lower. ?

At BBY eBridge, Forex Options are traded OTC (Over the Counter) allowing the investor to choose the expiry date, strike price and amount (size of the trade). This differs from more restrictive exchange-traded Options with set expiry dates and amounts. FX Options can be traded whenever the currency markets are open from New Zealand Opening on Monday until New York Closing on Friday with the same benefits of BBY liquidity as with its online FX Spot trading platform. ?/p>

What to know when trading Forex online ?

Trade Currency and Price Currency

When an investor trades in the Forex market, they always trade a combination of two currencies (a cross or currency pair) in which one currency is bought (long) and the other is sold (short). This means the investor is speculating on the prospect of one of the currencies appreciating in value in relation to the other. ?

Forex Margin Trading

Margin trading allows investors to buy and sell assets that have a greater value than the capital in their account. Forex trading is typically executed on margin accounts, and the industry practice is to trade on relatively small margin amounts since currency exchange rate fluctuations tend to be less than one or two percent on any given day.

Margin trading does involve a certain amount of risk. Since a position is being held that exceeds the actual value of the account, a trader could incur substantial losses if the market moves against his position. Thus, margin trading requires close monitoring of margin utilisation, i.e. the amount of collateral being used to hold margined positions. ?/p>

If margin utilisation exceeds collateral available for margin trading, positions must be closed, reduced, or additional funds must be posted to cover the position.