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About FX (Forex)
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: 1 USD is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involved in large quantities of foreign exchange trading.
Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the "interbank market" (although a few insurance companies and other kinds of financial firms are involved). Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions.
At Tradealot it's all about you and your goals, we are just here to offer you one of the best tools available, so you can fully focus yourself on your trading plan. Our trading environment is designed to provide traders with real competitive and executable streaming of CFD prices such as Forex and Cryptocurrencies.
Straight through processing
Tradealot brings you real, dealable market prices sourced by our principle execution venue and liquidity provider and delivered directly to you. We transmit your trades to our principle execution venue for immediate execution of your trades via an STP business model (Straight Through Processing).
Barclays UK depository Bank
Tradealot is a trading name of AFX Markets Ltd which is authorised and regulated by the Financial Conduct Authority. We consider your deposits as ‘Client Money’ in accordance with the FCA’s Client Money rules and we segregate Client Money in segregated bank accounts. Our Segregated Client Accounts are held with Barclays Bank UK.
Member of FSCS
Tradealot is a trading name of AFX Markets Ltd which is a member of Financial Services Compensation Scheme (FSCS) in the UK. This means if AFX Markets Ltd. (Tradealot) enters into default and cannot pay its customers’ claims against it, customers can claim their deposits up to a maximum of £50,000 per customer from the FSCS.
Extremely low commissions
Take advantage of some of the lowest Forex and Crypto trading costs ever with Tradealot.
FCA regulated broker
Tradealot is a trading name of AFX Markets Ltd. which is authorised and regulated by the UK’s Financial Conduct Authority (FCA) under registration number 560872.