Foreign exchange
  What is foreign exchange transaction?
  
  Foreign exchange transaction, also known as "FOREX" or "FX", is a foreign exchange transaction method in which a foreign currency is converted into another foreign currency, namely, a currency in one currency pair is bought and another currency is sold. The exchange rate of various currencies on the international market fluctuates frequently and trades in the form of currency, such as EUR into USD or USD into JPY. Unlike stocks or futures, no trading center exists in foreign exchange transactions, and all foreign exchange transactions are conducted by telephone or electronic network.
  
  Advantages of the FE to have foreign exchange transaction
  
  
       What is the risk of foreign exchange transactions?
  
  Any OTC transaction has certain risks, including (but not limited to) leverage, creditworthiness, limited legal protection, and market turbulence that may significantly affect the price or volume of currency. Leverage ratio has a two-way amplification, on the one hand it increases the amount of the investor‘s transaction, and double the investment income; on the other hand, it also increases the risk, so that investors may face greater losses. So be sure to carefully consider your investment objectives, experience levels and risk tolerance before deciding to participate in foreign exchange transactions. Please do not rush investment if you cannot bear the loss.
  
  Main trading currency
  
  US dollar (USD)
  
  It has a leading position in the foreign exchange market. Most of the currency combinations use the US dollar as the base currency or relative currency. The US dollar is the main foreign exchange savings currency of central banks. Therefore, the political and economic status of the United States in the world is the biggest factor affecting the dollar price. Due to the close relationship between the domestic market, the stock market, and the bond market, the flow of funds in various markets is very high. Therefore, the main economic data of the United States and the exchange rate of the US dollar also have a direct impact.
  
  Euro (EUR)
  
  The euro is the currency of the 17 countries of the European Union (EU), the second largest currency in the world, and the second largest reserve currency of the central banks of all countries. The EU now has 27 member states and is the world‘s largest economic entity. Its members come from a number of sovereign and independent countries. The differences in political culture and economic development between countries lead to contradictions within the EU. The European Central Bank strictly controls inflation and the EU promotes the economy. The policy effect of the reform has not been significant, and it has become a factor in the development of the euro. The euro is the main alternative investment currency for the US dollar, so the euro should benefit most directly when the dollar is weak.
  
  Japanese Yen (JPY)
  
  Japan is the largest investor and creditor in the world and the country with the most reserves in the world. The Japanese economic environment affects the flow of yen funds and affects the global economy. If the market rebounds in the Japanese economy, the yen exchange rate will rise, meaning that funds will return to the Japanese market, thus affecting the long-held Australian dollar, Canadian dollar and New Zealand dollar bonds. And a variety of influential investment products. Due to the Japanese economy entering the recession in the past year, coupled with the lack of natural resources, the economy has long relied on exports, which constitutes an uncertain factor in the exchange rate of the yen. As the yen interest is close to zero, when the dollar moves strongly, the dollar-yen yen buying will emerge to earn interest margins, which is popular with speculators.
  
  British pound (GBP)
  
  The United Kingdom is a global oil and gas producer and one of the seven largest industrial countries in the West. It is also the largest foreign exchange, insurance finance and trade center in the world. The trend of the pound is directly affected by the flow of funds. When investors reduce their holdings of British stocks and properties, the pound will be under pressure. As the euro comes out, the proportion of investors holding the pound is falling.
  
  Canadian dollar (CAD)
  
  Canada is one of the seven industrial countries. It is rich in natural resources, social, political and economic environment is quite stable. The country contains a lot of minerals and energy. The agriculture is developed and the agricultural products are rich. Exporting foreign trade is an important factor affecting the Canadian dollar. When the price of commodities and oil When it rises, funds will flow into Canada, and the Canadian dollar will be supported.
  
  Australian dollar (AUD)
  
  Australia is rich in natural resources and is an important exporter of minerals and agricultural products. The rise in commodity prices has caused funds to flow into Australia, which is beneficial to the Australian dollar. In recent years, Asia has become Australia‘s main export region, so the Asian economic situation directly affects the Australian dollar.
  
  New Zealand dollar (NZD)
  
  New Zealand and Australia have similar economic bases. The New Zealand dollar is also a commodity currency, but New Zealand exports are heavily agricultural and wood-based, and are more affected by demand for Asian raw materials.
  
  Swiss Franc (CHF)
  
  Switzerland is a traditional neutral country. The Swiss franc is also a traditional safe-haven currency. During political turmoil, it can attract safe-haven capital inflows. In addition, the Swiss Constitution stipulates that every Swiss franc must have 40% of gold reserves, although this regulation It has expired, but the Swiss franc still has some psychological connection with the price of gold. The rise in the price of gold can drive the Swiss franc to rise to a certain extent. In a special period, especially when political turmoil triggers a large demand for it, it can quickly push up its exchange rate and easily overvalue its currency. On September 6, 2011, the Swiss National Bank suddenly announced the linking of the Swiss franc to the euro, limiting the exchange rate to 1 euro to 1.2 Swiss francs.

Product Name Foreign Exchange Transaction
Lots Each Time of Ordering A maximum of 20 lots,At least 0.1 lot
Maximum Positions 60 lots
Spread Direct trade: 6 points; Cross trade 7/10 points; EURJPY, EURGBP: 7 points
Contract Unit 100,000 Monetary Base
Overnight Interest Customers may receive or should pay overnight interest; interest rate may refer to the 
overnight inter-bank offered rate; a 3-day overnight interest is collected on Wednesday
Trading Hours Beijing Time 
Monday 08:00 to Saturday 03:00 (DST) 
Monday 08:00 to Saturday 04:00 (Standard Time) 
Leverage Ratio About200:1
Margins 500 dollars
Service Charge 0
Forced Liquidation The system will lock the position when the effective margin is less than 20% automatically, and the position will be closed when the equity is less than 0.