A Currency Exchange Calculator with our Live Conversion Rate
Our exchange calculator converts at the live rate that our customers are getting right now. No hidden T&Cs and a very small fee. Try it now and compare how much you can save – in 19 currencies worldwide.
1. Send money to CurrencyFair.
Set up your account and send your money to us by bank transfer.
2. Exchange your money.
Get the best available rate with CurrencyFair, and save up to 8 times compared to a typical bank.
3. Transfer your money out.
We transfer the money to your recipient.
9 years in operation and over €230 million saved by our customers!
Trade on 60+ Forex Pairs with Leverage
Trade forex with up to 1:300 leverage. With as little as AU$200 you can gain the effect of AU$60,000 capital! Use our trading tools such as Stop Loss, Stop Limit and Guaranteed Stop to limit losses and lock in profits. Get FREE real-time forex quotes and set indicators to easily analyse charts. Apply for an account in a few minutes, practice trading with our FREE unlimited Demo Account until you're ready to move to the next level.What is Forex and how does Forex trading work?
Forex, is the world's largest financial market; it is a market with a huge average daily trading volume of $5 trillion. Plus500 offers 24-hour CFD trading on FX pairs, opening at 08:00 Sydney time on Monday mornings, and running through to 16:00 New York time on Friday afternoon.Forex trading (also commonly known as Foreign Exchange, currency or FX trading) is a global market for trading one country’s currency in exchange for another country's currency. It serves as the backbone of international trade and investment: imports and exports of goods and services; financial transactions by governments, economic institutions or individuals; global tourism and travel – all these require the use of capital in the form of swapping one currency for a certain amount of another currency.
When trading Forex CFDs, you are essentially speculating on the price changes in their exchange rate. For example, in the EUR/USD pair the value of one Euro (EUR) is determined in comparison to the US dollar (USD), and in the GBP/JPY pair the value of one British pound sterling (GBP) is quoted against the Japanese yen (JPY).
If you think the exchange rate will rise you can open a ‘Buy’ position. Conversely, if you think the exchange rate will fall you can open a ‘Sell’ position.
To see a full list of currency pairs offered by Plus500, click here.
How do you start trading on the Forex market?
Follow these steps to start trading Forex CFDs with Plus500:- If you don’t already have a Plus500 account, open a Trading Account Here.
- Complete your account registration and documents verification, then deposit funds.
- To search for a specific currency, click into the search bar.
- Consider placing stop orders in advance: you can define the level of profit you would be happy with and/or the level at which you would like to close out the position should the trend turn against you.
- Open a trade.