When setting up your trading account, one of the first and most crucial decisions you will make is selecting the default currency. This currency will be the primary currency in which you hold your funds within that account.
The choice of a default currency is significant because it affects the handling of your money in various ways:
- Currency Conversions: Any deposits or withdrawals in a currency other than your account’s default currency will require a conversion. These conversions are made by internal rates and might influence the final amount charged or received to your payment account.
- Fixed Choice: Once chosen, the default currency can't be changed later. If you require a different currency in the future, you must open a new trading account. This limitation highlights the need to choose wisely based on your financial activities and goals.
Available Currencies
We offer a comprehensive selection of currencies for your trading account to accommodate your global financial needs. Here are the currencies available for each account type:
| Standard Cent Account Currencies | Standard Account Currencies |
Pro Account Currencies |
Raw Spread Account Currencies |
|---|---|---|---|
| USC | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR, AED, NGN | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR, AED, NGN | USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR, AED, NGN |
Choosing the right account currency aligns with your trading strategies, financial planning, and geographical location, ensuring efficiency and reducing unnecessary costs.
If you have any questions about setting up your account or choosing the right currency, please do not hesitate to contact our support team.