Trade Forex

Many people ask themselves, what is Forex actually? Well “Forex” is today the most commonly used abbreviation for “foreign exchange”, i.e. the price of one currency in relation to another currency. By definition, all Forex prices refer to the relationship between two currencies, i.e. to a currency pair.

If you want to learn Forex trading, the first step is to acquire some knowledge. Trading is a craft like any other that needs to be learned first. Even though trading may seem very simple at first glance, it is a complex area that has its pitfalls.

Start with the basics, deal with the technical terms, and practice the learned on a  demo account first.

Money is earned in foreign exchange trading by either the bought currency in the price increases or the sold currency in the price decreases. In practice, it doesn’t matter whether you buy EUR/USD because you believe that upcoming data will favor the EUR, or whether you sell the USD and use the EUR as a vehicle because you believe that developments will reduce support for the dollar. 

  • How high are the commissions?
    For Forex symbols that end with “c” (e.g. “EURUSDc”) and whose spread between the bid and ask price is narrower than that of symbols without “c” we charge a commission of €6 or $7 per lot (depending on the currency you trade).
  • What does the “c” symbol mean?
    The “c” as symbol ending stands for “Commission” (e.g. “EURUSDc”). This means that when trading with symbols ending with “c”, the spread between the bid and ask price is not increased. A trading fee (commission) is charged for this.
  • Where can I find the market letter “Elbblick”?
    Our weekly market letter “Elbblick” is only available in German and can be found under the tab “Tools” under “Analyses” or here.
  • Are there any costs involved in opening an account?
    No. You can open and manage accounts with GBE brokers free of charge. This applies to both live and demo accounts. However, please remember that demo accounts are closed after 30 days of inactivity. If you hold your trading positions overnight, your positions will incur swap fees based on the currency pair or CFDs you trade.
  • What is the difference between MetaTrader 4 (MT4) and MetaTrader 5 (MT5)?
    Both platforms are very similar in their basic functions, but there are some differences:
    • different number of time levels and indicators
    • different number of order types
    • different programming languages (MQL4, MQL5)
  • Are there any additional costs for depositing?
    GBE brokers does not charge any fees or commissions for deposits or withdrawals. Such fees are charged by payment service providers like PayPal, Visa, Neteller etc. Credit card deposits may incur additional fees due to exchange rate differences. These fees are charged by the banks, not by us. For an overview of our deposit and withdrawal methods and the fees involved, please click here.
For further questions, please contact our GBE Team by phone at +49 (0) 40 605 90 10 40 or by e-mail at support@gbebrokers.com.

The below tables include all the Forex pairs we offer

Forex Majors

Products
Symbol Currency Base Description Margin Swap Long Swap Short Spread Trading Hours *
EURCHFEUREuro vs Swiss Franc3.33%00 1.82
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURGBPEUREuro vs Great Britain Pound 3.33%00 1.42
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURJPYEUREuro vs Japanese Yen3.33%00 1.8
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURUSDEUREuro vs US Dollar3.33%00 1.02
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPUSDGBPGreat Britain Pound vs US Dollar3.33%00 2.57
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDCHFUSDUS Dollar vs Swiss Franc3.33%00 2.11
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDJPYUSDUS Dollar vs Japanese Yen3.33%19.688-32.869 2.05
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPJPYGBPGreat Britain Pound vs Japanese Yen3.33%00 2.47
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00

Forex Minors

Products
Symbol Currency Base Description Margin Swap Long Swap Short Spread Trading Hours *
AUDUSDAUDAustralian Dollar vs US Dollar5%00 5.46
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
AUDCADAUDAustralian Dollar vs Canadian Dollar5%00 8.33
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
AUDCHFAUDAustralian Dollar vs Swiss Franc5%00 2
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
AUDJPYAUDAustralian Dollar vs Japanese Yen5%00 1.26
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
AUDNOKAUDAustralian Dollar vs Norwegian Kroner5%00 8.77
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
AUDNZDAUDAustralian Dollar vs New Zealand Dollar5%00 9.7
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
AUDSEKAUDAustralian Dollar vs Swedish Krona5%00 7.52
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
CADCHFCADCanadian Dollar vs Swiss Franc5%00 1.81
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
CADJPYCADCanadian Dollar vs Japanese Yen5%11.379-20.03 1
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
CHFJPYCHFSwiss Frank vs Japanese Yen5%00 2.08
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
CHFDKKCHFSwiss Frank vs Danish Krone5%00 5.24
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
CHFNOKCHFSwiss Frank vs Norwegian Kroner5%00 1.8
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
CHFPLNCHFSwiss Frank vs Polish Zloty5%00 5.8
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURAUDEUREuro vs Australian Dollar5%00 1.37
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURCADEUREuro vs Canadian Dollar5%00 8.21
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURNOKEUREuro vs Norwegian Kroner5%00 8.48
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURNZDEUREuro vs New Zealand Dollar5%00 2.09
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURPLNEUREuro vs Polish Zloty5%00 2.03
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURSEKEUREuro vs Swedish Krona5%00 5.93
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPAUDGBPGreat Britain Pound vs Australian Dollar5%00 1.54
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPCADGBPGreat Britain Pound vs Canadian Dollar5%00 2.6
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPCHFGBPGreat Britain Pound vs Swiss Franc5%00 2.6
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPDKKGBPGreat Britain Pound vs Danish Krone5%00 2.11
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPNOKGBPGreat Britain Pound vs Norwegian Kroner5%00 1.44
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPNZDGBPGreat Britain Pound vs New Zealand Dollar5%00 5.6
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPPLNGBPGreat Britain Pound vs Polish Zloty5%00 3.37
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPSEKGBPGreat Britain Pound vs Swedish Krona5%00 1.42
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
NOKJPYNOKNorwegian Kroner vs Japanese Yen5%00 1.63
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
NOKSEKNOKNorwegian Kroner vs Swedish Krona5%00 1.67
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
NZDCADNZDNew Zealand Dollar vs Canadian Dollar5%00 1.88
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
NZDCHFNZDNew Zealand Dollar vs Swiss Franc5%00 1.62
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
NZDJPYNZDNew Zealand Dollar vs Japanese Yen5%00 1.72
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
NZDUSDNZDNew Zealand Dollar vs US Dollar5%00 5.7
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
SEKJPYSEKSwedish Krona vs Japanese Yen5%00 1.73
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDCADUSDUS Dollar vs Canadian Dollar5%00 7.66
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDDKKUSDUS Dollar vs Danish Krone5%00 7.97
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDHKDUSDUS Dollar vs Hong Kong Dollar5%00 8.55
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDNOKUSDUS Dollar vs Norwegian Kroner5%00 1.11
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDPLNUSDUS Dollar vs Polish Zloty5%-9.939-0.901 2.21
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDSEKUSDUS Dollar vs Swedish Krona5%00 1.09
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00

Forex Exotics

Products
Symbol Currency Base Description Margin Swap Long Swap Short Spread Trading Hours *
AUDSGDAUDAustralian Dollar vs Singapur Dollar5%00 2.09
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
CHFSGDCHFSwiss Franc vs Singapore Dollar5%00 0
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURHKDEUREuro vs Hong Kong Dollar5%00 8.54
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURHUFEUREuro vs Hungarian Forint5%00 2.84
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURMXNEUREuro vs Mexican Peso5%00 5.96
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURSGDEUREuro vs Singapore Dollar5%00 3.4
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
EURTRYEUREuro vs Turkish Lira5%00 8.69
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPSGDGBPGreat Britain Pound vs Singapore Dollar5%00 3.79
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
GBPZARGBPGreat Britain Pound vs South African Rand5%00 3.1
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
HKDJPYHKDHong Kong Dollar vs Japanese Yen5%00 2.16
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
MXNJPYMXNMexican Peso vs Japanese Yen5%00 2.9
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
NZDSGDNZDNew Zealand Dollar vs Singapore Dollar5%00 2.42
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
SGDJPYSGDSingapore Dollar vs Japanese Yen5%00 1.79
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
TRYJPYTRYTurkish Lira vs Japanese Yen5%2.05-10.67 6.57
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDCNHUSDUS Dollar vs Chinese Yuan Renminbi5%00 0
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDCZKUSDUS Dollar vs Czech Koruna5%00 9.7
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDHUFUSDUS Dollar vs Hungarian Forint5%00 3.78
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDMXNUSDUS Dollar vs Mexican Peso5%00 2.69
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDRUBUSDUS Dollar vs Russian Rouble5%-487.64-19.572 0
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDSGDUSDUS Dollar vs Singapore Dollar5%00 1.91
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDTRYUSDUS Dollar vs Turkish Lira5%-6761.5591005.877 5.48
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
USDZARUSDUS Dollar vs South African Rand5%00 9.31
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00
ZARJPYZARSouth African Rand vs Japanese Yen5%00 5.85
view 
  • Monday:     00:00-00:00
  • Tuesday:     00:00-00:00
  • Wednesday:     00:00-00:00
  • Thursday:     00:00-00:00
  • Friday:     00:00-00:00

*GMT + 2 Hours

*In regards to Futures Products please read the Expiration Dates. Future Products can be identified by the suffix “.f” at the end of the product name.

For more information on the specifications of the cash and futures indices, please refer to our product specifications.

Overview of other products

ElementElective Professional ClientsRetail Clients (ESMA Measures)
Leverage
Major indices1:501:20
Major currencies1:2001:30
Metals1:1001:10
Commodities1:501:10
Shares1:51:5
Cryptocurrencies1:51:2
Account Features
Client Relationship Manager
Negative balance protection
50% margin close out rule
Client Money Remains Segregated
Eligible for ICF (Investment Compensation Fund)
Retain rights to complain to the Financial Ombudsman Service*
Best Execution & Trade Confirmations
Key Information Documents