Foreign Exchange

    The Foreign Exchange (Forex) market is commonly regarded as the world's largest and most liquid financial market. Spot trading is one of the most common types of Forex Trading. Trading in Forex involves a combination of 2 currencies, in which one will be a long (bought), and the other a short (sold).

    We offer clients a wide range of FX Currency Crosses and Non-deliverable Forwards (NDFs) including Spot Gold and Silver. By having unparalleled and direct access to more than 10 real-time tier 1 banks' liquidity all in a single aggregation platform, clients will benefit from the highly competitive spreads and commission structures when trading with KGI Futures (Singapore).

    Personalized algorithm access is also available to institutional clients and corporations who wish to optimize their trading with liquidity tailored to trading requirements and business needs.


    Benefits of trading Forex

    • Trade from a wide variety of currencies
    • Trade Forex 24 / 5
    • Benefit from the use of leverage to enhance profit and loss
     



    Types of Foreign Exchange

    Spot Forex

    In Spot Forex trading, trades are done by an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date. The exchange rate at which the transaction is done is called the spot exchange rate.Its delivery date is 2 business days after the trade is initiated. (more)


    Non-Deliverable Forwards (NDFs)


    In Non-Deliverable Forwards (NDF) trading, a cash-settled, short-term forward contract on a thinly traded or non-convertible foreign currency, has no physical settlement. Profit or loss at the time at the settlement date, settled against an agreed fixing rate at maturity

    NDFs are mainly used when there is a need to hedge against a currency that does not have a deliverable market offshore, including Malaysian Ringgit (MYR), Indian Rupee (INR), Indonesia Rupiah (IDR), Taiwan Dollar (TWD), Korean Won (KRW), Chinese Yuan (CNY), Philippine Peso (PHP) and Brazilian Real (BRL). As such, NDFs provide an offshore mechanism to hedge currencies which were previously considered "unhedgeable"; either due to emerging markets, illiquidity or regulatory constraints.  (more)

     

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