CFDs are a leverage product and can involve a significant risk of loss. Trading CFDs may not be suitable for all, therefore you should ensure that you understand the risks involved and take into account your individual circumstances.
FAQ General Trading Questions

How is a currency pair read?

Currencies are quoted in pairs, each being represented by a three-letter code separated by a forward slash, point or space. The first currency in the pair is known as the base currency, the second currency in the pair is known as the quote currency. The figure provided in an exchange rate refers to how much of the quote currency is required to purchase a unit of the base currency. So if GBP/USD is currently trading at 1.54785, this means that it costs $1.54 to purchase £1.