Where to Trade

Please note that NZForex does not facilitate speculative trading. 

Generally seek to avoid trading with someone that has simply "cold called" you. Instead, use a reputable broker or bank as your forex option counterparty. Do your homework by ensuring that you are trading with a well-rated counterparty that has solid references and a trustworthy background.

To trade larger face amounts above $200,000, you can often access the OTC currency option market via most international banks. Alternatively, if you need a smaller face amount, or if you want to make sure that you are getting a market price on a standardized contract, then you can transact currency options using U.S. exchanges such as the Chicago IMM and the Philadelphia Stock Exchange.

To transact these exchange-traded forex options, you will first need to set up a relationship with a brokerage company that can execute the option trades on your behalf. You will then need to select a currency pair, contract month, and strike price from among the available series and determine how to place an order.  Remember to ask around so that you can be assured of using a counterparty that has a good reputation for fairness, reliability and good price executions.

Furthermore, many companies have claimed that you can earn substantial returns from trading currency options. This may sound wonderful to the novice option trader, but seasoned option and forex traders are aware that almost nothing in the market is certain and that “sure bets” generally do not exist. Unless you are a professional currency options trader who already has an established option trading strategy, it can make good sense to speak to a financial advisor to ensure that taking positions in currency options is right for your risk tolerance and portfolio.

Make an enquiry
* Denotes a mandatory field.
(Country code/Area code/Number)

Currency Converter

Rate: 0.7660
=
Rate: 1.3054
=
Go
See My FX Dashboard for more info

Register Free

Registration is quick and easy. Access live customer rates, free tools and make international payments.

Register today
Already registered? Login
Get our free commentary
Stay on top of the news with updates from our expert dealers on the latest currency movements. You can unsubscribe any time and your email address is safe – see our >Privacy Policy.


Keep me up to date:
Get free rate alerts
Choose ccy pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.
select
/
 


Mobile Forex trading tools

Make money transfers or currency conversions on the go via our mobile site, iPhone or Android apps. Learn more here

Banners

Sitemap

You're in good hands:

 

IMPORTANT: This service is provided by NZForex Limited (CN: 2514293). NZForex is registered as a financial service provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

The information on this website does not take into account the investment objectives, financial situation or needs of any particular person. NZForex makes no recommendations as to the merits of any financial product referred to in this website.

Please read our Product Information document for a detailed explanation of the services we provide.