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Currency Trading

A currency trading is one that holds deposits in one or more currencies for trading. These trades are based on the movement of the foreign exchange market. With this type of account, you can now unlock vast and potentially significant returns from global markets. These and other factors draw investors to currency trading.

What are the benefits of opening a currency trading account with NC wealth solutions?

  • Low Commission:
    A large brokerage house like NC wealth solutions offers moderately lower commissions. These allow investors to trade in forex markets if they have a currency account

  • No Middlemen:
    There are no middlemen involved when you are trading with NC wealth solutions, which facilitates seamless transactions

  • Standardised Lot Size:
    NC wealth solutions gives standardised lot sizes for ease of trading. These range from 1000-100,000 units of currency

  • Low Transaction Costs:
    Transaction Costs tend to be as low as 0.0025%

  • High Liquidity:
    A currency account tends to cater to a highly liquid market. This enables trades with full price discovery

  • Instant Transactions:
    Transactions online are instantaneous

  • Low Margin, High Leverage:
    Given that the margins are nominal, you can afford to take higher calculated risks when trading through your currency account

  • Online Access:
    NC wealth solutions provides 24/7 web-enabled back-end service

  • Interbank Market:
    Access to the interbank market, a global network of institutional currency traders, makes sure there is sufficient liquidity at all times

  • No insider trading

  • Limited regulation

  • Lifetime charges 650/-
  • forex-market-and-rupee

    Currency Eexchange


    How You Can Benefit From Currency Trading Account

  • Low Commission
  • No Middlemen
  • Standardized Lot Size
  • Low Margin, High Leverage
  • Online Access
  • Interbank Market
  • Low Transaction Costs
  • High Liquidity
  • Instant Transactions
  • Self-regulatory
  • No Insider Trading
  • Limited Regulation

  • How Forex Trading Works?

    The act of buying and selling foreign currency for making money is known as forex trading. The process of forex trading is completely online. Forex Trading is same as that of equity trading. In equity trading rate of share matters while in forex trading exchange rate matters. You can buy or sell currency pair as per your expectation of movement in currencies. Please refer to the example given below for better understanding.

    Explain This Example –


    Suppose you want to take advantage of growing price of a dollar. The dollar is trading at Rs 64, you feel that price is going to appreciate and expected to reach at Rs 67 in few months you can enter into a long position by buying USDINR contract on the exchange. If the price goes to Rs 67, you get the profit of Rs.3 per dollar. So in the single contract of 1000$ you can earn Rs.3000.
    After entering into the contract if you see that Rupee is appreciating and dollar price is expected at Rs 63, you can ‘short close’ your position by selling currency future contract. If dollar price goes to Rs 63 you can gain Rs 1 per dollar by squaring off your position. Total gain on a 1000$ contract will be Rs.1000. However, if a dollar moves up and reach Rs 67, you lose Rs 2 per dollar. An investor can square off position anytime during the period of the contract.

    How To Open Forex Trading Acount