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Welcome to Forex Trading in Dubai with Alfa

Welcome to Forex trading with AlfaForeign Exchange Trading (or, Forex Trading) is the buying of one currency and the selling of another concurrently. Usually, the major currencies namely, the British Pound (GBP), the Euro (EUR), the Japanese Yen (JPY), and the Swiss Franc (CHF) are traded against the US Dollar (USD). Trade pairs in which the USD is not included are called cross pairs, and are traded less frequently.

The Forex market is the world's largest financial market, with over $3 trillion traded daily. In comparison with the New York Stock Exchange the Forex market is 100 times larger. Forex is an over-the-counter market (OTC market), meaning that there is no central trading arena and that transactions are conducted via telephone or the internet by a global, decentralized network of banks, corporations, importers and exporters, brokers, traders and other enterprises systems, which are interconnected by computer and communication networks, including the Internet. This is in contrast to, for example, the Abu Dhabi Securities Exchange, which is a centralized equities trading location. The lack of a specific physical location for the Forex market means that it works 24 hours a day, 5 days a week.

Advantages of Forex:

  • 24 hour market:the Forex market operates 24 hours a day, 5 days a week, which means that you can trade during breaking news and major events without waiting for the market to open.
  • Access to the largest financial market in the world, with over $3 trillion traded daily, providing you with unmatched liquidity.
  • High leverage/ low margin requirements - offering traders leverages of 100 to 1. This means that for every $1000, a trader controls $100,000 worth of contracts.
  • Potential for profit making in both falling, as well as rising market conditions.
  • Access to global markets

Other advantages include:

  • Low transaction costs - Commissions as low as $30 per round-trip trade
  • Powerful charts and tools to help with your technical analysis
  • Free practice account to help hone your trading skills and perfect your strategies before jumping into the trading arena.
  • Trade online from anywhere in the world

Try FX trading today

At Alfa Financial, we believe that an educated investor is a confident investor. Given the risks involved in online trading, we are committed to provide all the information you need to be confident that Forex Trading is right for you. Open a free practice account with AX1 Trader Demo, to educate yourself in simulated trading conditions and become a confident trader. AX1 Trader Demo is easy to access and will allow you to practice trading, without risking any money. You get a simulated trading account with $25,000 cash balance which allows you to:

  • Practice buying and selling of Forex instruments - both spot and futures
  • Practice trading in a variety of additional instruments such as, spot CFD's, futures, etc.
  • Trading in global market from the comfort of your home
  • Practice building your own online portfolio with a variety of instruments

Risk Warning

Trading in the Foreign Exchange (Forex) market might bestow potential rewards, but it also bears potential risks. You must be aware of the risks and be willing to accept them in order to trade in the foreign exchange market. Do not trade with money you can't afford to lose.