Trade GBP/CAD with Fondex

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Trading Conditions
Daily Average Spread: 1.98
Leverage: 1:500
Lot Size: 100000 GBP
Min Lot Size: 0.01
Commission: $2.5 per $100K

Thinking of trading GBP/CAD?

    1. Due to the GBP being a reserve currency and a much bigger economy than the CAD, traders might find trading this pair somewhat advantageous. Because of the CAD being less widely traded, it might find itself less vulnerable to speculation and less likely to swing in political sentiment. 2. By simply following economic calendars you can find an important amount of information regarding events that will influence the price of the CAD. And for the fact that the two used to be correlated in the past due to the connection of the two countries, it would be quite a simple pair to trade. Moreover the pair is considered a heavy trade.
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Trading CFDs involves significant risk of loss

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Trading CFDs involves significant risk of loss

How would you like to trade GBP/CAD?

Fondex cTrader features an impressive array of trading tools that can help you analyse the Forex market with efficiency and precision.
  • Tight spreads & reliable execution
  • 70+ pre-installed indicators
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  • 26 time frames
  • Live Sentiment data
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  • Depth of Market
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Trading CFDs involves significant risk of loss

Fondex cTrader’s Copy functionality enables you to copy strategies from other traders or provide signals and charge a fee.
  • Vast selection of strategies to copy
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  • Flexible allocation of funds
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Trading CFDs involves significant risk of loss

Use cBots to monitor and trade multiple Forex pairs at the same time. When you use cBots to trade, an algorithm opens and closes your positions without any decision-making on your part.

For beginners:

  • Great choice of available cBots for various trading strategies and risk tolerance levels
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For advanced traders:

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Trading CFDs involves significant risk of loss

Trade GBP/CAD CFDs. Reduce your risk exposure by adding multiple asset classes to your portfolio. Choose among Forex, Shares, Indices, Energies, Precious Metals, and ETFs.

1. For the CAD, you should monitor the OPEC meetings decisions, US rigs weekly data and number of inventories. An increase in oil price helps the Canadian dollar to get strength. It is also worth mentioning that Canada has only one purchasing managers Index, the Ivey PMI, that is considered to be a direct reflection of the country's economic health. 2. Another factor traders need to be mindful of is the political turmoil in the UK which can influence heavily on the GBP price, pushing the pair either direction depending on market sentiment and political events. It is important for traders to not lose sight of any news regarding the Brexit.

Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.

For more information, please view the 'Risk Disclosure'