We found 11 online brokers that are appropriate for Trading Currency Pairs Investment Platforms.
When the cost of fuel increases, your spending on transportation also rises. This relationship demonstrates the meaning of correlation which is a familiar phenomenon with the different fiat currencies such as the JPY, EUR, USD, etc.
Depending on the geolocation, geopolitics, trade routes, and many different factors, two different currencies from two different countries can have a positive or negative correlation with each other.
In a positive correlation, two different currencies can appreciate at the same time and lose value at the same time too. The negative correlation occurs when an appreciation of value in one currency means negative movement in the other and vice versa.
The degree of correlation can also differ a lot and can range from 1 to 10 points. A positive correlation of 10 points may mean that the two currencies follow 100% of each other's movement. A positive correlation of 5 may mean that the two currencies are only following each other around 50%.
The Euro is the common currency of Europe, while CHF is used in Switzerland. While not a part of Europe, Switzerland has a close relationship with the European Union. That is why the two currencies have a high degree of positive correlation and move in the same direction.
For example, a rise in EUR/USD means the EUR is appreciating. On the other hand, a fall in the USD/CHF means that the CHF is appreciating. It means that the EUR and the CHF have a high degree of correlation. But if we are talking about the correlation between currency pairs, then the EUR/USD and the USD/CHF will negatively correlate. That is because the USD is currently in the second spot in EUR/USD while the USD/CHF places the greenback back in the first spot.
Another great example of a positive correlation is the NZD and the AUD. The two countries are not only neighbours, but their currencies also follow in each other footsteps. The NZD (New Zealand dollar) and the AUD (Australia dollar) have more than 90% positive correlations with each other. If we look at the two currency pairs (AUD/USD and the NZD/USD), the positive correlation is also present since the AUD and the NZD are base currencies.
This positive correlation can also be found in the NZD/JPY, AUD/JPY, and several other pairs containing these two currencies.
A positive correlation is not only limited to two currencies, though. A correlation can also be found between different asset classes such as stocks, commodities, indices, and so on.
For example, JPY and gold belong to two different asset classes: The first is a currency used in Japan, while the latter is a rare commodity (precious metal). One thing that makes them alike is that they are both considered to be risk-off assets. Rising geopolitical tension, wars, trade tensions, and any adverse event can cause a sharp rise in the value of JPY and gold. Similarly, silver also follows in the footsteps of the JPY and gold.
Two currency pairs can have different degrees of correlation over different periods. Over one minute, two currencies may not be following each other, but they could positively correlate if you look at a longer timeframe. It tells us that it is not a rare sight for currencies to have some degree of divergence over a specific period.
Generally, it is preferred to look at the long-term correlation rating rather than the short-term correlation score since that can be somewhat ambiguous.
Moreover, correlations are not set in stone. Two currencies that are positively or negatively correlated might be behaving differently six months or a year from now.
That is why it is important to always look at the updated correlation score of the currencies. Many sites and tools show the latest information about the correlation between different financial assets.
Generally, the correlation over the longer period tends to be more accurate than the short-term. A minimum of 6 months or higher is enough to get an idea of how two different currencies behave.
Correlation tells us whether two currencies have any relationship with each other or not.
For example, two stocks with a higher than 90% correlation mean they are the same with different symbols. In that case, it would make sense to buy one of these stocks and use the remaining money to get exposure to a different stock which does not have such a high correlation with that particular stock.
We have conducted extensive research and analysis on over multiple data points on Correlation Of Currency Pairs to present you with a comprehensive guide that can help you find the most suitable Correlation Of Currency Pairs. Below we shortlist what we think are the best Currency Pairs Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Correlation Of Currency Pairs.
Selecting a reliable and reputable online Currency Pairs Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Currency Pairs Investment Platforms more confidently.
Selecting the right online Currency Pairs Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Currency Pairs Investment Platforms trading, it's essential to compare the different options available to you. Our Currency Pairs Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Currency Pairs Investment Platforms broker that best suits your needs and preferences for Currency Pairs Investment Platforms. Our Currency Pairs Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Currency Pairs Investment Platforms.
Compare Currency Pairs Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Currency Pairs Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Currency Pairs Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Currency Pairs Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Currency Pairs Investment Platforms that accept Currency Pairs Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Currency Pairs Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Currency Pairs Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Currency Pairs Investment Platforms below.
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