Trade GBPJPY with FxPro

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Swap Long: -2.32 Points

Swap Short: -7.54 Points

  • H1
  • D1
  • W1
  • MN1
Past performance is not a guarantee of or prediction of future performance.
Low:
Spread MT4 floating
High:
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Trading CFDs involves significant risk of loss

Volatility

 

Instant execution
 

MetaTrader 4
Floating spreads
Minimum: 1.9
Average: 3.3
MetaTrader 4
Fixed spreads

See below

 

Market execution
 

MetaTrader 4
Floating spreads
Average: 3.1
MetaTrader 5
Floating spreads
Minimum: 1.9
Average: 3.3
cTrader
Spreads+0.45$per10k
Minimum: 0.7
Average: 1.9
 

Trading Conditions

MT4 / MT5 Limit and Stop Level 0.020
cTrader Limit and Stop Level 0
Used Margin (1:100 leverage rate) in US Dollar 1000 X GBPUSD Rate
Minimum contract size 0.01 lot
MT4 / MT5 1 lot size 100000 GBP
1 TICK value per 1 lot in USD 1000 / USDJPY Rate
Trading time (GMT) 09:00 PM Sunday - 09:00 PM Friday
Minimum step for increasing contract size 0.01 lot
Margin requirements to open a lock position* 0
Fixed spreads 07:00 am - 07:00 pm (GMT) 2.7
Fixed spreads 07:00 pm - 07:00 am (GMT) 3.3
Fixed spreads 09:15 pm - 10:50 pm (GMT) 4.5
Fixed spreads abnormal market conditions ** 5.0
 

* - Only if Margin Level > 100%

** ‘Abnormal market conditions’ refers to Section 9.1 (Annex A) of the Client Agreement and includes, but is not limited to, news announcements.

For USDCNH Maximum volume per ticket is 10 lots. Fixed spreads shall only apply for ‘Instant Orders;’ all other order types shall be subject to the Order Execution Policy.
The above spreads are applicable under normal forex trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
 

The GBP/JPY pairing is a high risk, volatile currency combination, aptly termed ‘The Widow-Maker’. It is defined by large movements in price relative to most other pairs; indeed, during the financial collapse of 2008, it moved over 7,000 pips, a phenomenon that was simply unheard of.

Depending upon your individual trading style, this volatility is either a very good thing, or a very bad one. The GBP/JPY traits mean that it’s an optimal choice for traders looking for volatility or large movements, but it should only ever be traded where protective stop-loss orders are used. The significant risks it poses make it highly unsuitable for novices, but turn it into an ideal moneymaking instrument for those with more experience and a libertine approach to risk.

If the GBP/JPY currency combination would sit well in your portfolio, contact FxPro today.

Start Trading Now Free Demo Included

Risk Warning: Trading CFDs involves significant risk of loss.

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