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🇪🇺 Authorised in the EU · Investor compensation up to €100,000
Sixty-eight currency pairs — majors, minors and exotics —
quoted from twenty-three tier-one liquidity providers. Sub-
100ms execution, transparent spreads and no hidden mark-up
on conversion.
✓ EUR/USD from 0.0 pips
✓ Leverage up to 1:30
✓ MT4 · MT5 · WebTrader
Forex
The exchange rate of the British Pound to the US Dollar (GBPUSD) stands at 1.41455/1.41456. You have opted to sell CFDs that correspond to 3 standard lots, equating to £300,000, at the rate of 1.41455.
Three days later, the British Pound has depreciated against the US Dollar to 1.39901/1.39902. You decide to close your position and lock in your profits by buying back the CFDs amounting to 3 standard lots at 1.39902.
Opening Price : 300,000 x 1.41455 = USD $424,365
Closing Price: 300,000 x 1.39902 = USD $419,706
Gross Profit on Trade: $4,659
Why 1.4 million Europeans choose us
Broaden your investment portfolio by incorporating a wide range of trading products.
Invest a minimum of $250 and start trading with as little as 0.01 lot.
Ultra-low spreads from 0.0 pips.
Forex trading enables you to speculate on both increasing and decreasing markets via CFDs without possessing the underlying assets, like the actual currencies.
The Forex market is shaped by various factors including economic indicators, interest rates, inflation levels, political stability, central bank strategies, and international occurrences.
To initiate Forex trading, first register with Richmond365, confirm your profile, and create a live trading account. After that, fund your account and start trading the available Forex CFDs.