- Trading
- Instrument Specifications
- Currency Pairs
- USD / CAD Investing
Canadian Dollar Trading - FX USD CAD
USD/CAD Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 |
| Floating Spread, pip | 0.5 | 0.5 | 3 |
| Order distance, pip | 6 | 6 | 6 |
| Swap, pip (Long/Short) | 0.03 / -0.91 | 0.03 / -0.91 | 0.03 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 CAD | 10 CAD | 10 CAD |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 | 3 |
| Order distance, pip | 6 | 6 | 6 | 6 |
| Swap, pip (Long/Short) | 0.03 / -0.91 | 0.03 / -0.91 | 0.03 / -0.91 | 0.03 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CAD | 10 CAD | 10 CAD | 10 CAD |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 0.5 | 0.5 | 3 | 3 |
| Order distance, pip | 6 | 6 | 6 | 6 |
| Swap, pip (Long/Short) | 0.03 / -0.91 | 0.03 / -0.91 | 0.03 / -0.91 | 0.03 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CAD | 10 CAD | 10 CAD | 10 CAD |
USD/CAD Trading Hours
USD/CAD trading hours are the time when investors can buy and sell USD/CAD. The USD/CAD is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD/CAD during different trading hours. Depending on where you live, you may be able to trade USD/CAD at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD/CAD 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.
USDCAD Trading
The USDCAD 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. This pair presents how many Canadian dollars are needed to trade USDCAD. For a deeper understanding how to trade currency pairs, for example USDCAD, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading".
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
