FXTRADING.com offers eight different base currency options for your Live Account. Selecting the right base currency is an important decision that can affect your trading costs and overall performance.
Available Base Currency Options:
US Dollar (USD)
Australian Dollar (AUD)
British Pound (GBP)
Euro (EUR)
Canadian Dollar (CAD)
Singapore Dollar (SGD)
Japanese Yen (JPY)
Hong Kong Dollar (HKD)
Why Your Base Currency Choice Matters:
Avoid Currency Conversion Fees: Choosing a base currency that matches your deposit currency eliminates conversion costs
Reduce Exchange Rate Risk: Trading in your local currency removes exposure to exchange rate fluctuations
Simplified Accounting: Easier to track profits and losses without currency conversion calculations
Strategic Trading: Some traders select specific base currencies to capitalize on certain market conditions
To select your preferred base currency, simply make your choice during the account setup process in the Client Portal. Note that once your account is established, the base currency cannot be changed, so consider your selection carefully.
For optimal results, choose a base currency that aligns with your primary funding source or the currency in which you maintain most of your assets.