Question 1

What are the most popular FX pairs to trade?

Accepted Answer

The most popular FX pairs to trade are the major currency pairs, which always include the US Dollar (USD) paired against another major global currency. At Opheleo these include EURUSD (Euro/US Dollar), GBPUSD (British Pound/US Dollar), USDJPY (US Dollar/Japanese Yen), USDCHF (US Dollar/Swiss Franc), AUDUSD (Australian Dollar/US Dollar), NZDUSD (New Zealand Dollar/US Dollar), and USDCAD (US Dollar/Canadian Dollar). These pairs offer the highest liquidity, the tightest spreads, and the most trading opportunities due to their 24/5 market access.

Question 2

What is leverage in FX Pairs trading?

Accepted Answer

Leverage in Forex trading allows traders to control a larger position size with a smaller amount of capital. For example, with 1:100 leverage, a trader can control a $100,000 position with just $1,000 in their account. Opheleo offers flexible leverage conditions on FX pairs, allowing traders to adjust exposure based on their strategy. While leverage can amplify profits, it also amplifies losses — which is why Opheleo provides negative balance protection to ensure you cannot lose more than your deposited balance.

Question 3

What is margin in online forex trading?

Accepted Answer

Margin is the amount of funds required in your trading account to open and maintain a leveraged position. It is expressed as a percentage of the full position size. At Opheleo, the margin requirement for major FX pairs is 0.10% (equivalent to 1:1000 leverage at 100% margin). For example, to open a standard 1 lot EURUSD position with a contract size of 100,000 units, a margin of 0.10% of the notional value is required. If your account equity falls to the margin call level of 100%, you will receive a margin call, and positions will be automatically closed at the stop out level of 50%.

Question 4

Does my account equity affect the maximum leverage I can use?

Accepted Answer

Yes. The maximum leverage available can be affected by your account equity. Brokers — including Opheleo — may apply tiered margin requirements where larger positions or higher account equity levels are subject to reduced maximum leverage. This is a risk management practice designed to protect both traders and the broker from extreme market volatility. Always check the current margin requirements for each instrument on the Opheleo FX pairs page before placing trades.

Question 5

Why are there higher margin requirements around news?

Accepted Answer

During high-impact news events — such as central bank interest rate decisions, Non-Farm Payrolls (NFP) releases, or major geopolitical announcements — Forex markets can experience sudden, sharp price movements and significantly reduced liquidity. To protect traders from extreme volatility, Opheleo may apply higher margin requirements around such events. This helps prevent stop outs and ensures traders have sufficient capital to withstand rapid price swings. Opheleo's low and stable spreads are maintained even during high-impact news, helping to keep trading costs predictable.

Question 6

What FX pair categories does Opheleo offer?

Accepted Answer

Opheleo offers three categories of Forex currency pairs: Major pairs, which always include the US Dollar paired with another major global currency (such as EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, USDCHF); Minor pairs (also called cross pairs), which do not include the US Dollar and are pairs between other major currencies; and Exotic pairs, which pair a major currency with the currency of an emerging or smaller economy.

Question 7

What is the minimum spread on FX pairs at Opheleo?

Accepted Answer

FX spreads at Opheleo start from 0.1 pips on the Pro Account and from 0.8 pips on the Standard and Cent Accounts, on pairs including EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, and USDJPY. On the Pro Account, average spreads range from 0.2 pips (EURUSD, USDCHF, USDJPY) to 0.5 pips (NZDUSD), with no commission.

Question 8

What commission does Opheleo charge on FX pairs?

Accepted Answer

Opheleo charges no commission ($0.00 per lot per side) on FX pairs on the Standard and Pro Accounts. This applies to all major pairs including EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, and USDJPY. The Cent Account has different conditions — refer to the Trading Accounts page for full Cent Account specifications.

Question 9

What is the contract size for FX pairs at Opheleo?

Accepted Answer

The standard contract size for all major FX pairs at Opheleo is 100,000 units of the base currency (1 standard lot). For example, 1 lot of EURUSD represents 100,000 Euros. The Cent Account uses Cent lots, which are significantly smaller in size, making them suitable for traders who want to manage risk with smaller position sizes.

Question 10

What are the trading hours for FX pairs at Opheleo?

Accepted Answer

FX pairs at Opheleo are available to trade from Monday 00:00:00 to Friday 23:59:59 server time (GMT+3). This means the Forex market is open 24 hours a day, 5 days a week. All major FX pair sessions run from 00:00 to 24:00 GMT+3 each trading day.

Question 11

What are swap rates and how do they work at Opheleo?

Accepted Answer

Swap rates (also called rollover rates) are fees or credits applied to positions held open overnight. They reflect the interest rate differential between the two currencies in a pair. At Opheleo, swap rates are expressed as a percentage and vary by pair and direction. For example, on EURUSD the long swap is -0.0052% and the short swap is 0.0002%. On USDJPY the long swap is 0.0121% (a credit) and the short swap is -0.0174% (a charge). Swap rates are applied at market rollover time each trading day.

Question 12

What is the stop out level for FX pairs at Opheleo?

Accepted Answer

The stop out level for all FX pairs at Opheleo is 50%. This means that if your account equity falls to 50% of the required margin, Opheleo's system will automatically begin closing your open positions to prevent your balance from going further negative. The margin call level is 100% — you will receive a warning when your equity reaches this level before the stop out is triggered.

Question 13

What is the margin requirement for major FX pairs at Opheleo?

Accepted Answer

The margin requirement for major FX pairs on the Opheleo Standard Account is 0.10% of the notional position value. This applies across all listed major pairs including EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, and USDJPY. Note that margin requirements may be higher during periods of elevated market volatility or around major news events.

Question 14

Where does Opheleo source its FX price quotes?

Accepted Answer

Opheleo sources price quotes from Tier 1 liquidity providers and inter-bank systems. This ensures that trades are executed within the world's largest banks and funds orders, providing tight raw spreads, deep liquidity, and reliable pricing for all FX pairs.

Question 15

Does Opheleo offer negative balance protection on FX pairs?

Accepted Answer

Yes. Opheleo provides negative balance protection on all FX pair trades. This means that even in extreme market conditions where rapid price movements cause losses beyond your account balance, your account will never go into a negative balance. Your maximum loss is limited to the funds deposited in your trading account.

Question 16

Are there any hidden fees or additional costs when trading FX pairs at Opheleo?

Accepted Answer

No. Opheleo operates with full cost transparency. There are no hidden costs or additional fees when trading FX pairs. The only trading cost is the spread (from 0.1 pips on major pairs on the Pro Account); there is no commission. Swap rates apply to positions held overnight. Deposit and withdrawal processing is also commission-free.

Question 17

What platforms can I use to trade FX pairs at Opheleo?

Accepted Answer

Opheleo offers FX pairs trading on MetaTrader 5 (MT5), a globally favoured platform available on desktop, web browser, iOS, and Android. Ultra-fast millisecond execution is available across all supported platforms.

Question 18

What is the Forex market size and why is it significant?

Accepted Answer

The Forex market is the largest financial market in the world, with over $5.5 trillion in daily trading volume. It operates 24 hours a day, 5 days a week, offering traders endless opportunities to participate in currency price movements across major, minor, and exotic pairs. Its deep liquidity, tight spreads, and continuous operation make it highly accessible for both retail and institutional traders.

Trade forex pairs
at the lowest cost.

From tier-1 liquidity providers.

Forex Pairs Trading Hours.

Swaps.

Fixed Margin Requirement.

Spreads.

Required Margin.

Forced Liquidation Level.

Instrument information.

Practice with a $100,000
demo account.

Trade forex pairsat the lowest cost.