Trade USD / CAD | Spot Forex
USDCAD Forex Trading Conditions
| Classic | Direct | Pro | |
|---|---|---|---|
| Spread type | Fixed | Floating | Floating |
| Min. spread, pip | 3 | 0.5 | 50 |
| Order distance, pip | 6 | 6 | 100 |
| Swap, pip (Long/Short) | -0.01 / -0.91 | -0.01 / -0.91 | -0.01 / -0.91 |
| Pip Size | 0.0001 | 0.0001 | 0.0001 |
| Lot size for МТ4/МТ5 | 100000 USD | 100000 USD | 100000 USD |
| Max Leverage | Account leverage | Account leverage | Account leverage |
Trading Hours
trading hours are the time when investors can buy and sell . The is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade during different trading hours. Depending on where you live, you may be able to trade at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when trading hours begin and end.
The USD/CAD currency pair is one of the most traded currency pairs in the world, it is so popular mainly due to the large amount of cross border trading that takes place between the USA and Canada. The CAD is known as a commodity currency, as large amounts of natural resources, particularly oil, are exported to southern neighbours.
Trade Currency Pairs and discover the benefits of Forex trading with IFC Markets
Currency Pair USDCAD | Forex | Major
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
