The foreign exchange market also known as the forex market, is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.
With DorsiaFX, you will be able to participate in the market, trade in CFDs, sell, buy, exchange, and speculate on 19 currency pairs with live quotes along with millions of other traders and investors.
We offer you competitive low spreads on the 7 major currencies, going as low as fractions of pips down to 0.5 pip only on EURUSD, GBPUSD and USDJPY.
|Symbol Spread||Min. Fluctuation||Min. Distance for||Pending Orders|
|EURUSD||0.5 pip||0.0001||8 pips from market price|
|GBPUSD||0.5 pip||0.0001||8 pips from market price|
|USDJPY||0.5 pip||0.0001||8 pips from market price|
|USDCAD||2 pips||0.0001||8 pips from market price|
|USDCHF||0.7 pip||0.0001||8 pips from market price|
|AUDUSD||2 pips||0.0001||8 pips from market price|
|NZDUSD||2 pips||0.0001||8 pips from market price|
|Symbol||Spread||Min. Fluctuation||Min. Distance for Pending Orders|
|GBPJPY||Interbank Spread||000.01||12 pips from market price|
|EURGBP||Interbank Spread||0.0001||8 pips from market price|
|EURJPY||Interbank Spread||000.01||8 pips from market price|
|EURCHF||Interbank Spread||0.0001||8 pips from market price|
|EURAUD||Interbank Spread||0.0001||25 pips from market price|
|GBPCHF||Interbank Spread||0.0001||15 pips from market price|
|CHFJPY||Interbank Spread||000.01||10 pips from market price|
|GBPAUD||Interbank Spread||0.0001||15 pips from market price|
|GBPNZD||Interbank Spread||0.0001||50 pips from market price|
|AUDCAD||Interbank Spread||0.0001||15 pips from market price|
|AUDJPY||Interbank Spread||000.01||10 pips from market price|
|NZDCAD||Interbank Spread||0.0001||15 pips from market price|
|NZDJPY||Interbank Spread||000.01||10 pips from market price|
When trading CFDs on spot forex, 1 standard contract equals 100,000 of the base currency. Take a look at the table below:
|Contract Type||Contract Size|
|Standard Contract (1.0 Lot)||100,000 of base currency|
|Mini Contract (0.1 Lot)||10,000 of base currency|
|Micro Contract (0.01 Lot)||1000 of base currency|
When trading CFDs on spot forex, a fixed amount will be held as margin for each contract according to the account leverage as follows:
Required Margin per Contract
* The held margin for a hedged position is the same for one open position of the same volume (for example, the held margin for 1 standard lot hedged position is $1000 on leverage 1:100).
Making profits in trading is all about expectations and speculations for prices. The main concept is to buy a product hoping to sell it on a higher price or vice versa, so that the difference is your profits. Sometimes the market may go against your trades, thus the result would be losses.
As an investor, your net realized profits will be the total profit your order has made minus your brokers spreads, commissions, and/ or any other deductions. As for DorsiaFX, we only charge the spreads for forex trading.
When you trade on a currency pair, the resulting profits amount is in the profit currency (second part of the currency pair). Therefore, in direct currencies (profit currency is USD) profits are directly calculated in USD, according to the following equation:
Profit/ Loss = (Bid Price – Ask Price) X Contract Size X Number of Lots
If the profit currency in the pair is not USD, and in order to have those profits in US dollars, the resulting amount will be exchanged with USD according to the exchange rate at the time of closing the order.
Profits/ Losses calculation for indirect currencies:
Profit/ Loss = (Bid Price – Ask Price) / Closing Price X Contract Size X Number of Lots
Profits/ Losses calculation for cross currencies:
 If the profit currency was denominated in a direct currency:
Profit/ Loss = (Bid Price – Ask Price) X Contract Size X Number of Lots X USD Exchange Rate
 If the profit currency was denominated in an indirect currency:
Profit/ Loss = (Bid Price – Ask Price) X Contract Size X Number of Lots / USD Exchange Rate
You bought 2 mini lots of EURGBP at price 0.8910, in few days, the price goes up and you close your position at price 0.8932. The resulting profit will be as follows:
Note: the exchange rate for GBPUSD at the time of closing the order is 1.4875
Profit = (Bid Price Ask Price) X Contract Size X Number of Lots X Exchange Rate (USD)
= (0.8932 0.8910) X 10,000 X 2 X Exchange Rate for (GBPUSD)
= 0.0022 X 20,000 X 1.4875
= 65.45 USD
* DorsiaFX”DorsiaFX” may in its soul and absolute discretion, at any time, without any prior notice change its commissions, fees, spreads, margin requirements and leverages, or close any account.