The Futures contract is an agreement to buy or sell the underlying Currency, on a specified date in the future, and at a specified price. The underlying asset for a Currency Futures contract is a Currency. The Exchange's clearing house acts as a central counter-party for all trades and thus provides a performance guarantee.

Currency Futures can be bought and sold on the Currency Exchanges through members of the Exchange. BSE & NSE offers Currency Futures in India. Before trading, the investor/trader/speculator needs to open a trading account and deposit the stipulated cash and/or collaterals with the trading member. The average daily turnover in global Forex and related markets is trillions of US Dollars

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Low Commission
The brokerage is low as compared to other markets

No Middle Man
The trade is done directly on the software's which are provided by the exchanges

Standardized lot size
Exchanges sets the lot size

Low Transaction Cost
The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions.

Instant Transactions
high liquidity and low bid/ask spreads lead to immediate trades.

Low Margins, High Leverage
Margins of 3-5% increase leverage options. These two factors increase the potential for making higher profits (or losses).

Online Access
Trade can be done from anywhere where there is internet connectivity.

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