LEVERAGED FOREIGN EXCHANGE (LFX)

Trading in foreign exchange, or forex, is the simultaneous buying or selling of two currencies, otherwise known as a currency pair. For instance, a client who purchases the Australian dollar (AUD) against the Singapore dollar (SGD) profits when AUD rises in value against SGD, and vice versa.

Leveraged forex (LFX) trading gives our clients the ability to trade multiple times the value of their capital. At UOB Kay Hian, we provide leverage of up to 20 times.

Benefits of LFX

Low Cost

Forex trading has low entry costs. You need to be aware of the spread as well as financing charges if you carry positions overnight. With spreads as low as 0.8 pips, the costs can be extremely low.

High Leverage

By leveraging your account, you can benefit from even the smallest change in the market by investing with more capital than you actually have on hand.

Deep Liquidity

With a daily trading volume of US$5.3 trillion, forex trading is the world’s most liquid financial market. With UTRADE FX, you can enjoy direct access to this highly transparent market and take advantage of its unmatched liquidity.

24-Hour Market

The forex market is open 24 hours a day and 5.5 days a week across Asia, Europe and America. You can trade anytime, anywhere with us to capitalise on the single largest trading market in the world.

Hedging Risks

Fluctuations in exchange rates can cause the value of your forex holdings to drastically decrease overnight. To protect your investments, you can also shield your positions through LFX until prices stabilise.

Advanced Strategies

With LFX, you can employ sophisticated trading strategies by using advanced orders such as Trailing Stops to protect your profits or One-Cancel-Other (OCO) orders to semi-automate your trading decisions.