Forex is a leading forex and cfds service provider for the wider range of currency pairs, through our access to exchange traded and inter-bank currency trading; we provide our clients 24 hrs market access. Our highly professional and well trained staff provides both execution and support service to clients, along with our professional team which provides information on upcoming economic events.
Why Start Trading with Honor FX
- Extremely competitive spreads
- 500:1 Best leverage on request
- One click trading execution
- Transparency, security and reliability
- Agregated liquidity by International Bank
- Quick & Easy Deposit / Withdrawal
Forex Contract Specification
Join the global 3 trillion daily turnover world of currencies trading. Get access to the world´s largest financial markets
and trade the all major and cross currencies on competitive terms
|Currency Pair||Typical Spread||Swap Short**||Swap Long**||Used Margin in USD *||1pip value per 1 lot in USD||Limit & Stop Levels|
|AUDCAD||3.4||-0.82||0.21||1000 * AUDUSD Rate||10 / USDCAD Rate||0.0016|
|AUDCHF||4.2||-1.03||0.21||1000 * AUDUSD Rate||10 / USDCHF Rate||0.0016|
|AUDJPY||2.3||-0.98||0.27||1000 * AUDUSD Rate||1000 / USDJPY Rate||0.099|
|AUDNZD||4||-0.02||-0.72||1000 * AUDUSD Rate||10 * NZDUSD Rate||0.0021|
|AUDUSD||1.5||-0.52||0.165||1000 * AUDUSD Rate||10 USD Rate||0.0005|
|CADCHF||2.2||-0.47||0||1000 / USDCAD Rate||10 / USDCHF Rate||0.0018|
|CADJPY||2.3||-0.39||-0.23||1000 / USDCAD Rate||1000 / USDJPY Rate||0.1|
|CHFJPY||3||-0.24||-0.7||1000 / USDCHF Rate||1000 / USDJPY Rate||0.0012|
|EURAUD||4.2||0.4||-1.45||1000 * EURUSD Rate||10 * AUDUSD Rate||0.0012|
|EURCAD||2.4||0.12||-0.49||1000 * EURUSD Rate||10 / USDCAD Rate||0.0014|
|EURCHF||1.9||-0.81||-0.25||1000 * EURUSD Rate||10 / USDCHF Rate||0.00062|
|EURGBP||1.8||-0.3||-0.1||1000 * EURUSD Rate||10 * GBPUSD Rate||0.0005|
|EURJPY||1.7||-0.27||-0.24||1000 * EURUSD Rate||1000 / USDJPY Rate||0.054|
|EURNZD||7||1.23||-2.02||1000 * EURUSD Rate||10 * NZDUSD Rate||0.0022|
|EURUSD||1.2||-0.17||-0.54||1000 * EURUSD Rate||10 USD Rate||0.0004|
|GBPAUD||4.9||0.45||-1.74||1000 * GBPUSD Rate||10 * AUDUSD Rate||0.0016|
|GBPCAD||4.1||-0.53||-0.36||1000 * GBPUSD Rate||10 / USDCAD Rate||0.002|
|GBPCHF||3||-0.82||-0.1||1000 * GBPUSD Rate||10 / USDCHF Rate||0.00178|
|GBPJPY||3.3||-0.71||-0.03||1000 * GBPUSD Rate||1000 / USDJPY Rate||0.108|
|GBPNZD||6||1.45||-2.05||1000 * GBPUSD Rate||10 * NZDUSD Rate||0.0036|
|GBPUSD||2.4||-0.2||-0.46||1000 * GBPUSD Rate||10 USD Rate||0.00052|
|NZDCAD||5.6||-1.05||0.28||1000 * NZDUSD Rate||10 / USDCAD Rate||0.0018|
|NZDCHF||4.4||-1.15||0.34||1000 * NZDUSD Rate||10 / USDCHF Rate||0.002|
|NZDJPY||2||-0.83||0.25||1000 * NZDUSD Rate||1000 / USDJPY Rate||0.14|
|NZDUSD||1.9||-0.75||0.37||1000 * NZDUSD Rate||10 USD Rate||0.0008|
|USDCAD||1.9||-0.25||-0.55||1000 USD||10 / USDCAD Rate||0.00052|
|USDCHF||1.9||-0.45||-0.1||1000 USD||10 / USDCHF Rate||0.0005|
|USDJPY||1.7||-0.25||-0.18||1000 USD||1000 / USDJPY Rate||0.04|
How to open a trading account ?
What information you require to open account.
We will need you to provide us with your name, address and tax ID number to establish your identity. Typically, we can verify your identity instantly. For more information,
Individuals / Joint Account
NOTE: (For joint account please provide following 1, 2, 3 of all parties applying for Joint Account)
Account Application. Please carefully complete, provide all supplemental information and sign the Account Application form
- Photo ID Please provide a current copy of the primary contact’s government issued legal photo ID. Acceptable forms of photo ID, the acceptable forms of photo ID will be limited to ONLY current passports and government issued identifications.
- Proof of Address: Utility Bill, Bank statement, and Lease contract
- Discretionary Trading Authority/Power of Attorney. If your account will be guided by a third party, then please read and complete the Discretionary Trading Authority/Power of Attorney form.
What is the Minimum Investment Required
The minimum initial deposit required is at least 50 of your selected base currency. However, we recommend you deposit at least 2,500 to allow you more flexibility and better risk management when trading your account.
Can i compare different trading terms.
How safe are my funds deposit with Honor FX.
All customer deposits are kept separate from our own operating funds and distributed across a global network of custodian banks. Every bank we use holds an investment-grade rating and is monitored as per the guidelines set by the Risk Committee of Honor FX‘s Board of Directors
What are the charges swaps/ interest for holding positions overnight?
Swap is the exchange “interest” or “premium” you are charged or earn daily for any trades carried (rollover) from day to day. It is based on the yield exchange rates between the base currencies (first listed) of the currency pair and the terms currency (second listed) of the currency pair. Unless otherwise specified the normal over night swaps for the open positions are available on the product specification page.
I do not wish to pay or receive any Interest or swaps. Can i still open account?
YES. new customer can open interest / swap free account by simply open a swap-free account, please go to the Honor FX online account opening form and choose the swap-free account option from the type of account.
What are the fee/commission charges ?
Honor FX’s ‘Standard’ account, does not charge commissions or fees for Forex trading as it’s incorporated in spread (the difference between the bid and ask) . On the ‘Pro’ account, with ultra narrow spreads it costs $4.00 per lot traded ($8 round trip) USD.