Invest in #UK100 (FTSE100), EURUSD , Gold and Facebook from a single account
Trade CFDs on a wide range of instruments with ITC FOREX:
Experience the global markets at your fingertips.
Multiple funding and withdrawal options
We provide our clients with a wide range of payment options to fund their accounts including Bank Transfer, Debit/Credit Card, PayPal, Skrill, Neteller and UnionPay 1.
Tight spreads and no commission
Tap into the world's markets and explore endless trading opportunities with the world's best broker - all with tight spreads and no commission.
24HR AWARD-WINNING SUPPORT
All Account Representatives are encouraged to take the Customer Function exam, an industry standard for managers which in our case is extended to everyone. The majority of our account reps are therefore approved. This confirms our commitment to delivering the highest quality standards in customer service.
Email average response time
ITC FOREX has one of the fastest response times within the industry, with an average email response time of 27 minutes.
In its latest survey overall experience with ITC FOREX GLOBAL FX was described as good or excellent by 9 out of 10 of its clients and 95% would recommend ITC FOREX
Advanced protection to ensure your trading is secured
We protect all of our clients from a negative account balance.
Additional insurance to protect you up to $1,000,000.
WHAT IS FOREX ?
The foreign exchange market, Forex, is the largest and most liquid one in the world. Its average daily trading volume is approximately $5 trillion. This market is decentralized, meaning that there is no middle ground for currency exchange and thus trade is conducted over-the-counter (OTC).
Forex trading opens now for the individual retail clients: they are responsible for an estimated 30% of the daily FX volume.
The FX market is open 24/5 and prices are influenced by a range of economic and geopolitical factors, which in turn trigger quick price movements and increase market volatility.
On the Forex market, the price of a national currency (for example, the US Dollar) is a reflection of how the market perceives the current and future position of the national economy.
If positive news is published, currency quotes start to rise.
If you manage to open an fx trade (by clicking the Buy button on the online platform) and wait until the price increases, you can make a profit, which will immediately display on your trading account. Close the trade and fix the income. In case the forecast was not right and the chart went down, your trade will be closed in the red and you can make a loss.
Open an online forex trading and CFD platform right in the browser. The currency pairs that you could see there are displaying the value of one currency in units of another. It reflects the state of economies of the two countries in relation to each other.
The core of fx currency trading is the following: buying one currency (it’s first in the pair), you simultaneously sell another (second one). Just like the bank exchange office, here you buy euros on dollars (or other currencies). The rate at which you purchased the European currency is an example of the EUR/USD quotes.
To understand this, look the example below (how many US dollars euro costs): EUR/USD = 1.07407
The course of EUR/USD in forex trading shows that 1 EUR is equal to 1.07407 USD. This means that you need 1.07407 US dollars to buy 1 euro, or that you can get 1.07407 USD when you sell 1 EUR.
Euro, in this case, is the base currency (the price of which we want to determine), and the dollar is the counter currency (in which the price is expressed). Now you should always keep in mind that the base currency is the basis for buying or selling.
So, when you click Buy, you open trade to buy EUR/USD; when you click Close, you finish the trade (as if selling EUR/USD, but you really don’t need to do this). It turns out that each of your transactions is a link in an endless chain of purchases and sales. Someone has sold you and you have bought and closed the trade (sold the asset). Someone another has bought it at that moment - and so on.
We remind you that you simply join price changes as a speculator and do not physically acquire bundles of money.
MORE THAN JUST AN FX BROKER
Diversify your investment portfolio by trading CFDs on more than just Forex.
Here at ITC FOREX, we offer our clients trading on spot energies, such as Brent, WTI and Natural Gas, which are considered to be the most important raw material resources on the planet.
Review the assets above and discover the possibility of new trading opportunities in the financial market.
CFDs on energies is a popular choice for short-term trading, especially when there is a surge in energy consumption, as during periods of active growth, demand increases. Prices are determined by global supply and demand for the physical product.
Often referred to as “black gold”, Oil is usually denominated in U.S. Dollars (hence the term ‘Petrodollar’), so a weak dollar will commonly cause Oil prices to rise, as the price of the product is directly influenced by the value of the currency.
Oil-producing nations have a dramatic effect on the supply, and therefore the price, as they may withdraw or boost the physical quantity of barrels available in the market.
For example, since the mid-90s, the US imposed sanctions on Iran have prevented Iranian oil from entering the marketplace, widening the gap between supply and demand which results in higher prices. Another noteworthy event occurred in 2014 when a much lower demand from the EU and China caused a sharp decrease due to the excess supply.
For many years, the US government has been building up its oil reserves and should these be released to the market, or used domestically, energy prices may drop sharply as a result.
In the case of NatGas, an alternative energy commodity to oil, historical analysis shows a general correlation between the two, considering that natural gas is often released during the oil drilling process, and they are commonly produced by the same companies or nations.
In conclusion, a multitude of economic factors can affect the price of energies, including inflation rates, political or military tensions in producing nations, natural disasters, production costs and of course, OPEC decisions.
Trading CFD does not only mean trading currencies, stocks and indices, but also means trading Precious Metals. The most popular Metals on the market, of course, are gold and silver.
Gold is the most liquid asset, as it’s very susceptible to economic and financial changes (the increasing/decreasing of the US interest rates, in particular). It has a high correlation with the leading world currencies: the Euro and the Dollar.
Sometimes this correlation with major currencies is negative (e.g. the euro is in an upward trend while gold is in a decline). However, it does happen from time to time, that the Australian dollar quotes have a positive correlation with the GOLD chart (both going upward, for example).
Factors That Affect Quotes
Metals trading is affected by seasons, market volume, and up/down trends throughout the day. As a general rule trading decisions should be made based on data from the Economic Calendar and it’s best to follow statistics from America and China.
Global industry plays a large role in trading Precious metals: silver mining companies, and the main buyers of silver, create the market for it. Therefore, it’s important to not only follow the general high-tech and metal-mining news, but also pay attention to regional events when predicting price movements.
Issues with Precious Metals production or new investment into the business are things that can cause corresponding market fluctuations. bE.g., the price of Silver depends on the main factors of the global economy - inflation, GDP growth, refinancing rates and decisions made by the global central banks.
During periods of economic upheaval, Precious Metals prices jump, as more and more investors seek to protect their capital from febrile changes in the foreign exchange market.
World indices are indicators of price changes for a certain group of securities. The stock exchange index can be explained as a “basket” of shares united by a common basis. Trading indices can be compared to opening positions on the courses of several dozen stocks at once.
The most important thing is determining the exact stocks or bonds each index is formed from. The set of shares included in the spot index value calculation determines the information that can be obtained by observing the dynamics of its course.
In general, the main purpose of world indices is to create a powerful indicator for investors to characterise the direction of companies’ quotes in a particular industry.
Studying the dynamics of major indices helps to understand the impact of certain events on the value of securities.
During trading indices, keep in mind that the reaction to the economic news published may not correspond with expectations and forecasts.
For example, if there is a rise in oil prices, it is logical to expect an increase in the shares of all the oil companies.
However, different stocks grow at different speeds, while some of them may not respond to such news at all. In this case, the spot index helps traders to understand the overall trend of this market segment without the need to assess the position of lots of different companies.
Observation and trading indices give insights into how the different sectors of the economy trade in comparison with each other. Here at ITC FOREX we are glad to offer the trading of CFD on major indices, which makes it possible to join the price movement not only for a rise, but also a fall.
Trading indices is popular among ITC FOREX traders due to its comprehensive terms, accurate quotes from several suppliers and versatile analytics.
After all, in order to understand the logic of the index behaviour, you need to pay attention to the corporate news of each of the companies included, as well as on events affecting the wider industry as a whole.
The real-time Economic Calendar covers financial events and indicators from all over the world. It's automatically updated when new data is released. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide. ITC FOREX commits to offer the most accurate contents but due to the large amount of data and the wide range of official sources, ITC FOREX cannot be held responsible for the eventual inaccuracies that might occur. The Real-time Economic Calendar may also be subject to change without any previous notice.
RELATED ECONOMIC EVENTS
EIA Crude Oil Stocks change
FED Interest Rate Decision
ECB President Draghi's Speech
BOE's Governor Carney speech
ECB Interest Rate Decision
BoJ Interest Rate Decision
BoE Interest Rate Decision
WHY CHOOSE US ?
At ITC FOREX we evolve with the times. We aim to continuously refine our services to cater to the needs of traders in this highly dynamic industry.
✓Ultra-fast trade execution with no dealing desk intervention
✓Aggregation of prices from multiple LPs & access to a deep liquidity pool
✓Continuous research and development
Our customer centric approach places our clients' needs at the heart of our operations. We aim to remain among the industry's elite and retain our reputation as one of the most reliable and trusted brokers.
✓ Accessible trading to all through educational tools and constant support
✓Constant refinement of our services to meet and excel our clients' demands
✓Adoption of ethical and transparent trading practices
We are committed to creating a dynamic environment that equips traders with all the necessary tools for their trading experience with the utmost respect for them.
✓Unwavering commitment to transparency, excellence and innovation
✓ Investment in research and development
✓Expansion and refinement of our business model to suit the trader's needs
Invest responsibly - Understand the risks involved:
CFDs and Spread Betting are complex instruments and have a high risk of losing money quickly due to leverage. 70.25% of retail investor accounts lose money when they trade CFDs and Spread Betting with this provider. Make sure you understand how CFDs and Spread Betting work and that you can afford to take a high risk of losing your money. Our company is proud to offer a welcome bonus on first deposit (more details)
Legal and regulatory information:
The information provided does not in any way constitute a solicitation or an incentive to buy or sell securities and similar products. Comments and analyzes reflect the opinion of ITC FOREX at any time and are subject to change at any time. They cannot, however, constitute a commitment or a guarantee on the part of ITC FOREX. The recipient acknowledges and accepts that by their very nature, any investment in securities and similar products is of a random nature and that consequently, any investment of this nature constitutes a risky investment, the responsibility for which rests exclusively with the recipient. It is specified that the past performance of a financial product does not in any way prejudge its future performance. The foreign exchange market and financial derivatives such as futures contracts, CFDs (Contracts for difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. ITC FOREX recommends consulting a financial professional who has a perfect knowledge of the assets and financial situation of the recipient of this message and would be able to verify that the financial products mentioned are suitable for said situation and for financial objectives. ITC FOREX is regulated by FCA ( United Kingdom)
ITC FOREX LTD - A Trusted Broker :
As a strong proponent of transparency, we establish the highest standards of safety for our clients' funds. For this reason, client funds are kept in major international banks and are fully segregated from the company’s own funds.