Trade USDCHF

Trade USDCHF on Our Metatrader 4 Platform

The Swiss Franc (CHF) belongs to the group known as the currency majors. The single currency is one of the most widely traded currency in the world and is considered a safe haven currency.

As such, during global uncertainty, many Forex traders look to the Swiss Franc as one to include in their portfolio.

There has been no bigger influence on a forex pair than what the Swiss National Bank (SNB) did back in January 2015. The SNB removed their peg against the Euro at that time and markets reacted aggressively. The Swiss Franc rose sharply resulting in unprecedented FX losses among hedge funds around the world.

Important Contract Specifications for the USDCHF

Contract size:
0.01 contract. This means you can trade as little as 1/10th of the full 100,000 USDCHF contract.
Margin required:0.5%. Therefore, to hold $100,000 worth of USDCHF CFDs you would need $500 in margin.
Comm.:There are no commissions on the USDCHF
Spreads:Floating. This means the spread will be low during active market hours and higher during market hours.
Smallest contract size:1/10th of a contract. You can trade as little as 1/10th of the 100,000 USDCHFcontract.
Price per point:$US10. For every full contract you have, each full point movement will be $US10. A mini contract is $US1 and a micro contract is $US0.10.
Available on social trading:Yes.
Liquidity:We source our liquidity for the USDCHF via a number of global liquidity providers.

Why trade the USDCHF?

There are a number of benefits of trading the Swissy with Synergy FX. These include:

  • Low margins starting at just 0.5% allowing you to access more opportunity
  • Small contract sizes allow you to scale in and out with ease
  • Excellent liquidity allowing for excellent trade execution during fast-moving markets
  • Access to both profit taking, stop loss and trailing stop orders
  • Price alerts can be set to notify you on screen or via email
  • Robots, scalpers and hedging welcome
  • Free unlimited access to our exclusive Education Portal

Trading hours for the USDCHF

SessionsQuotesTrade
Sunday
Monday00:00-24:0000:03-23:59
Tuesday00:00-24:0000:01-23:59
Wednesday00:00-24:0000:01-23:59
Thursday00:00-24:0000:01-23:59
Friday00:00-23:5700:01-23:57
Saturday

Start trading USDCHF today by opening a live or demo MT4 trading account.

Why Synergy FX ?

Start trading USDCHF today by opening a live or demo MT4 trading account.

  • True STP and ECN

    True ECN Spreads From 0.0 PIPS

  • Segregated Accounts

    Segregated accounts with AA rated banks

  • No Dealing Desk

    No dealing desk to manipulate price

  • Execution Speed

    Ultra Fast Order Execution

  • Global Fibre Optic Network

    Servers based in New York, London and Sydney

TOP 7 FACTS ABOUT TRADING THE SWISS FRANC (CHF)

  • Switzerland is one of the countries that managed to establish itself with a stable currency because of its sound public finance policy and a positive trade balance, which lead to a strong international investment position.
  • The end of the Bretton Woods system saw the Swiss franc become even stronger as the USD/CHF rate rapidly fell from 4.35 to 2.35. This resulted in large capital inflows and inflation for Switzerland.
  • By 2014 the Swiss National Bank (SNB) had amassed approximately $480 billion-worth of foreign currency, which is equal to about 70% of the Swiss GDP.
  • In 2015, the SNB announced that it would unpeg the Swiss franc from its fixed rate with the Euro. The franc soared and the forex market was in panic.
  • The Swiss franc is considered a ‘safe haven’ asset along with American bonds because investors see the Swiss government as a safe pair of hands and investors’ money will be safe.