The explosive growth in China over the past decade has transformed it into one of the largest economies in the world – second only to the U.S. – making it a force in international finance. FXCM Asia now offers online USD/CNH trading (No Dealing Desk Execution) so that you can trade on the growth and volatility inherent in an economy that continues to be one of the world’s fastest-growing.

What is CNH?

  • CNH is an offshore version of the renminbi (RMB) created by the Hong Kong Monetary Authority and People's Bank of China. CNY is the onshore version of the RMB.
  • CNH allows investors outside of mainland China to gain exposure to the RMB.
  • Short-term divergences between USD/CNH and USD/CNY can occur, but in the longer term the CNH correlates to the CNY.

Advantages of trading USD/CNH with FXCM Asia

  • Use web-based (TSweb) downloadable (TSII) and/or tablet platforms.
  • Our award-winning platforms include features we have developed through years of FX experience.
  • Trade with small lot sizes, which makes USD/CNH very accessible.
  • Trade CNH alongside other currency pairs on the same platform.
  • Among our many resources are free seminars and client support in both Chinese and English.
Vital Statistics USD-Denominated HKD-Denominated
Typical Spread 26 to 27 pips 26 to 27 pips
Margin Requirement* Approx. 50 USD (per 1k) Approx. 388 HKD (per 1k)^
Pip Cost 0.016 USD (per 1k) 0.123 HKD (per 1k)^
Daily Range# 135 pips 135 pips

NOTE: FXCM Asia strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the typical spreads displayed.
* Trading on margin can both positively and negatively affect your trading experience as both profits and losses can be dramatically amplified.
^ Variable according to the exchange rate of USD vs. HKD; please refer to dealing rate window of trading station.
# Daily range data are from February to March 2012.

How to start trading USD/CNH

Existing clients automatically have the capability to trade USD/CNH .

Live account
Opening an account is easy - see account opening procedure.

OR

Practice account
Start without risk by registering for a free 30-day demo account.

THEN

Select the platform(s) you wish to use.