Forex CFDs

Forex brings the opportunity of the world’s largest, most liquid market. We elevate your trading with 50+ currency pairs, competitive spreads, powerful tools and comprehensive education.
Try free demo Open Account
Home
Forex CFDs

Trading Forex with Xnova

Wide range of currency pairs

Trade popular Forex Pairs like EURUSD, USDJPY, USDAUD and GBPUSD all from one account.

Tight, competitive spreads

Xnova offers variable spreads on a wide range of markets from as low as 0.0 pips on GO Plus accounts

Flexible leverage

You can trade with leverage up to 500:1 on GO Plus accounts

24/5 hour trading

Xnova provides personalised multilingual customer support 24/5 to help you with all your trading needs.

Commission-free, low-cost dealing/h4>

With our commission-free Standard account, you can access micro, mini and standard FX contract sizes

Access to EAs and smart tools

Use powerful tools and Expert Advisors (EAs) to analyse markets and trading signals plus execute flexible contract sizes

Trade Foreign Exchange movement on powerful platforms

Trade the world’s largest, most liquid market. Currencies are traded 24 hours a day across a range of international centres, meaning opportunities are always on. Xnova is one of New Zealand’s original MetaTrader 4 Forex brokers, giving you a world class Forex market experience.

Range of Forex Pairs

Integrated platform power

MetaTrader 4

A popular platform with new and expert traders for trading Forex, analysing markets and using EAs.

Learn more

MetaTrader 5

This powerful multi-asset platform lets you trade Forex, Shares and Futures as CFDs.

Learn more

Mobile trading platforms

Tap into our mobile trading platforms and get fast, reliable market access via an Android and iPhone compatible MetaTrader app.

Learn more

Forex Spreads

  1. The trading hours for Forex (“FX”) are from Monday 00:00 to Friday 24:00 (Platform time). Please be mindful of public holidays as trading times may change.
  2. Our Forex pairs are spread-based only for Standard GO Account holders. Xnova Plus+ Account holders receive lower spreads and fixed monetary commissions.
  3. Our FX prices are derived from various quotes by our liquidity providers and include Xnova own spread. Our spreads are variable.
  4. Your profits and losses are realised in the second named (terms) currency of the pair you are trading. If this currency is different to your account currency, your realised profit and loss will be converted based on the spot rate at the time of conversion.
  5. If you have one or more FX positions open at 24:00 (Platform time), there will be a daily Swap adjustment to your position.
  6. For open FX position(s) on a Wednesday at 24:00 (Platform time), the Swap adjustment will be for 3 days instead of 1. This is to cover settlement of trades over the weekend. Please be mindful of public holidays as these may change.

You can find an indicative Swap on your platform, by right-clicking on a currency pair and selecting ‘Specification’

To calculate the FX margin requirement, you will require the following formula:

(Market quote * Volume) / Leverage = $Margin Requirement

Example

The current EURUSD price is quoted as 1.13729, and we would like to trade one standard lot (100,000) using our account leverage of 1:100

The calculation would be (1.13729 * 100,000) / 100 = -$1137.30 USD

Note: If the base currency of your account is not in USD, this amount can simply be converted into the corresponding currency AUD, GBP, NZD etc.