Forex Trade brings the global currency market on-chain: perpetual futures and options on any pair of 64 currencies, settled in USDG on Robinhood Chain.
Retail forex is a walled garden. It closes on Friday, it wants a broker, a KYC file and an account in the country you happen to live in. And almost every venue quotes the same handful of dollar pairs.
Forex Trade does the opposite. You connect a wallet, you fund one USDG balance, and you pick any two currencies out of 64. yen against rupee. euro against pound. real against peso. The cross is derived from two dollar legs, so no pair needs its own market to exist.
Two products, one balance
Perpetual futures give you leverage, up to 25x on the most liquid legs. Options let you cap the downside: the most you can lose is the premium you paid. Both live in the same account and settle in the same stablecoin.
What makes it different
Any pair, not just dollars. 64 currencies means 2,016 possible crosses.
Perps and options side by side. Leverage when you want it, a known max loss when you do not.
One settlement asset. Everything is USDG. Deposit USDC or USDT and it is credited as USDG.
Always open. Currencies move on weekends and at 3am. So does the venue.
Risk on the ticket. Liquidation price, max payout and fees are shown before you sign.
Connect, deposit USDG, pick two currencies, choose a perp or an option, close and withdraw. Five steps, one signature each.
01
Connect
Bring an EVM wallet. Robinhood Chain (chain id 4663) adds itself when you connect, so there is no network form to fill in.
02
Deposit USDG
Send USDG to your account. USDC and USDT are accepted too and get converted to USDG when the deposit is credited. Deposits cost nothing beyond gas.
03
Pick two currencies
Base and quote, out of 64, say EUR/GBP. The venue derives the cross from the two dollar legs and shows you the live rate and the leverage cap for that combination.
04
Perp or option
A perp for leveraged directional exposure with no expiry. An option to buy a defined payoff for a known premium. Size, side and leverage go on the ticket.
05
Close and withdraw
Close whenever you like. Realised profit and loss lands in your USDG balance, and an idle balance goes back to your wallet with one more signature.
What you sign
Every order is a message signed by your wallet, carrying a nonce that can only be used once. The venue fills it at its live mark. There is no order book to sit in and no partial fill to chase.
What it costs
Event
Cost
Open a perp
0.05% of notional
Close a perp
0.05% of notional
Funding
capped at 0.75% per 8 hours, paid by the crowded side
What you need before the app opens, and how to be in the room when it does.
Get a wallet
Any EVM wallet that can sign typed data will work. The three we test against are:
MetaMask, browser extension and mobile.
Rabby, browser extension, good at showing you what a signature actually does.
Coinbase Wallet, extension and mobile.
Add the network
You do not add it by hand. Robinhood Chain (chain id 4663) is offered to your wallet when you connect, and one approval puts it in your network list. Gas there costs cents.
Fund the account
USDG is the settlement asset. If you hold USDC or USDT instead, send those: they are converted to USDG at credit time, so you do not need a swap first.
Then what
Read Forex perps and Forex options so you know which one you want, and Risk disclosure so you know what you are putting at stake. Both take a couple of minutes.
Last updated September 2026
Products
Forexperps
A perpetual future on an exchange rate. No expiry, no delivery, no settlement date: you trade the move without ever holding the currency.
You post margin in USDG, choose a side and a leverage, and the venue opens a position at its live mark for that cross. Profit and loss accrue in dollars as the rate moves, and you close whenever you want.
Long and short
You pick the base and the quote yourself, so the direction means what you expect it to mean. Long JPY/INR is a bet that the yen gains on the rupee. Short is the other way round. There is no dollar convention to translate in your head.
Leverage
Caps run 25x, 10x, 5x and 3x depending on the currency. A cross takes the lower cap of its two legs: EUR at 25x paired with NGN at 3x gives you 3x. The full table is on Leverage tiers.
What it costs to hold
0.05% of notional when you open, and again when you close.
Funding while the position is open, capped at 0.75% per 8 hours, paid by whichever side is crowded.
What you can lose
Your margin, and never more than that. If the rate moves against you far enough to reach the maintenance level, the position is liquidated before it can dig deeper. The liquidation price is on the ticket before you sign.
Currency
Per 1 USD
24h
Feed
...
Live dollar legs, straight from the rates feed. Example data, not a quote.
Calls and puts on any currency pair. The premium is paid in USDG, the payout arrives in USDG, and the most you can lose is the premium.
An option is the other half of the product. Instead of leverage and a liquidation price, you pay a premium up front and buy a defined payoff. A call pays if the pair finishes above the strike, a put pays if it finishes below.
Max loss is the premium
This is the whole point of the instrument. Whatever the rate does, the number you can lose is the number you paid, and you see it on the ticket before you sign. There is no margin call and nothing to top up.
Any pair, same as perps
Options price off the same derived cross as perps, so the pair menu is the same 64 currencies. If the venue can mark it, it can write an option on it.
What is settled
Premiums and payouts are USDG, like everything else on the venue. You never hold the underlying currency, and your profit and loss stay denominated in dollars.
Sixty four currencies, 2,016 crosses, and not one of them needs its own price feed. Every pair is built from two dollar legs.
A feed gives us how many units of a currency one dollar buys. Divide one leg by the other and the cross falls out, which is how JPY/INR exists without a market of its own:
JPY/INR = USDINR ÷ USDJPYHow many rupees one yen buys.
A worked example
Take two example rates. These are illustrative numbers, not live quotes:
Leg
Example rate
Means
USDJPY
150.00
one dollar buys 150 yen
USDINR
88.50
one dollar buys 88.50 rupees
JPY/INR = 88.50 ÷ 150.00 = 0.5900Example only. One yen buys 0.59 rupees at those two example rates.
If the yen strengthens and USDJPY falls to 145.00 while USDINR stays put, the cross becomes 88.50 ÷ 145.00 = 0.6103. A long JPY/INR position gains about 3.4% on notional. Again: example numbers, to show the arithmetic.
Why 2,016
Sixty four currencies taken two at a time is 64 × 63 ÷ 2 = 2,016 unordered pairs. Add the dollar itself as a leg and every currency also trades against USD directly.
The catch
A cross is only as good as its worst leg. Volatility compounds across the two, and so do feed outages: if either leg pauses, the cross pauses. That is also why the leverage cap of a cross is the lower of its two legs.
Two legs, and the tighter one wins. You never get more leverage on a cross than you would get on its riskier half.
Cross
Legs
Cap
JPY/INR
JPY 25x, INR 25x
25x
EUR/NGN
EUR 25x, NGN 3x
3x
TRY/ZAR
TRY 5x, ZAR 25x
5x
THB/PKR
THB 10x, PKR 3x
3x
Why the tiers exist
Liquidity and gap risk, not favouritism. A managed or thinly traded currency can jump several percent between two ticks, and 25x leverage on a move like that leaves nothing to liquidate against. The lower caps keep the maintenance level reachable.
Sixty four currencies across five regions, plus the dollar as the settlement leg. Each one carries its own leverage cap.
Pair any two of these. The cap of the cross is the lower of the two rows.
Code
Currency
Region
Max leverage
JPY
Japanese Yen
Asia and Oceania
25x
KRW
South Korean Won
Asia and Oceania
25x
CNY
Chinese Yuan
Asia and Oceania
25x
TWD
Taiwan Dollar
Asia and Oceania
25x
HKD
Hong Kong Dollar
Asia and Oceania
25x
SGD
Singapore Dollar
Asia and Oceania
25x
INR
Indian Rupee
Asia and Oceania
25x
AUD
Australian Dollar
Asia and Oceania
25x
NZD
New Zealand Dollar
Asia and Oceania
25x
THB
Thai Baht
Asia and Oceania
10x
IDR
Indonesian Rupiah
Asia and Oceania
10x
MYR
Malaysian Ringgit
Asia and Oceania
10x
PHP
Philippine Peso
Asia and Oceania
10x
VND
Vietnamese Dong
Asia and Oceania
10x
KZT
Kazakhstani Tenge
Asia and Oceania
10x
BDT
Bangladeshi Taka
Asia and Oceania
5x
PKR
Pakistani Rupee
Asia and Oceania
3x
MNT
Mongolian Tugrik
Asia and Oceania
3x
EUR
Euro
Europe
25x
GBP
British Pound
Europe
25x
CHF
Swiss Franc
Europe
25x
NOK
Norwegian Krone
Europe
25x
SEK
Swedish Krona
Europe
25x
DKK
Danish Krone
Europe
25x
PLN
Polish Zloty
Europe
25x
CZK
Czech Koruna
Europe
10x
HUF
Hungarian Forint
Europe
10x
RON
Romanian Leu
Europe
10x
TRY
Turkish Lira
Europe
5x
AMD
Armenian Dram
Europe
5x
UAH
Ukrainian Hryvnia
Europe
3x
CAD
Canadian Dollar
Americas
25x
MXN
Mexican Peso
Americas
25x
BRL
Brazilian Real
Americas
25x
CLP
Chilean Peso
Americas
10x
COP
Colombian Peso
Americas
10x
PEN
Peruvian Sol
Americas
10x
UYU
Uruguayan Peso
Americas
10x
PYG
Paraguayan Guarani
Americas
5x
DOP
Dominican Peso
Americas
5x
CRC
Costa Rican Colon
Americas
5x
JMD
Jamaican Dollar
Americas
5x
GTQ
Guatemalan Quetzal
Americas
5x
ARS
Argentine Peso
Americas
3x
ILS
Israeli Shekel
Middle East
25x
SAR
Saudi Riyal
Middle East
10x
AED
UAE Dirham
Middle East
10x
QAR
Qatari Riyal
Middle East
10x
KWD
Kuwaiti Dinar
Middle East
10x
BHD
Bahraini Dinar
Middle East
10x
OMR
Omani Rial
Middle East
10x
JOD
Jordanian Dinar
Middle East
10x
ZAR
South African Rand
Africa
25x
KES
Kenyan Shilling
Africa
5x
MAD
Moroccan Dirham
Africa
5x
TND
Tunisian Dinar
Africa
5x
DZD
Algerian Dinar
Africa
5x
MUR
Mauritian Rupee
Africa
5x
NGN
Nigerian Naira
Africa
3x
EGP
Egyptian Pound
Africa
3x
GHS
Ghanaian Cedi
Africa
3x
TZS
Tanzanian Shilling
Africa
3x
UGX
Ugandan Shilling
Africa
3x
ZMW
Zambian Kwacha
Africa
3x
The dollar
USD (US Dollar) is not in the table above because it is the other side of every feed and the asset everything settles into. It trades as a leg at 25x and never caps a cross.
Last updated September 2026
Mechanics
Pricingandfees
One taker fee, one funding rate, and nothing on the way in or out. Every number you pay is on this page.
What
Rate
When
Open a perp
0.05% of notional
charged on the fill
Close a perp
0.05% of notional
charged on the fill
Funding
up to 0.75% per 8 hours
accrues continuously, settles when you close
Deposit
zero
gas only
Withdraw
zero
gas only
Option premium
set per contract
paid up front, to be announced
What notional means
Notional is your margin multiplied by your leverage, not your margin. On 100 USDG at 10x the notional is 1,000 USDG, so each side of the trade costs 0.50 USDG and the round trip costs 1 USDG.
fee = margin × leverage × 0.0005Per side. Double it for a round trip.
No hidden spread
You fill at the venue mark, the same number shown on the ticket. The fee is the fee. What funding costs you depends on how long you hold and how crowded your side is, which is the next page.
A perp has no expiry, so something has to keep it tethered to the spot rate. That something is funding, and the crowded side pays it.
When far more size is long a pair than short it, longs pay shorts. When the book tilts the other way, shorts pay longs. The payment makes the crowded side more expensive to hold, which is what pulls the perp back toward the underlying rate.
The cap
Funding is capped at 0.75% per 8 hours in either direction. That is the worst case on a badly one sided pair, not the normal rate. In balanced conditions it sits near zero.
How it is charged
It accrues continuously while the position is open, not in lumps at fixed hours.
It settles against your margin when you close.
It scales with notional, so leverage multiplies it the same way it multiplies fees.
worst case per 8h = margin × leverage × 0.0075Only if your side is fully crowded for the whole window.
What to take from it
Funding is a holding cost, so it matters most to positions held for days rather than minutes. Check which way it is running before you size a slow trade.
Last updated September 2026
Mechanics
Liquidationandmaxpayout
Both ends of a position are known before you sign it. The floor is your margin. The ceiling is ten times your margin.
The floor
A perp is liquidated when the rate moves against you far enough to reach the maintenance level. You lose the margin on that position and nothing else: there is no negative balance and no claim on the rest of your account.
Higher leverage moves the liquidation price closer to your entry. At 25x a 4% move against you is roughly the whole margin, before fees and funding. At 3x you have room for about 33%.
The ceiling
Payout on a position is capped at 10x the margin, and that amount is reserved by the venue when you open. It is the mechanism that lets the house quote without an order book: it can never owe more than it has already set aside.
Margin
Leverage
Notional
Max payout
100 USDG
3x
300 USDG
1,000 USDG
100 USDG
10x
1,000 USDG
1,000 USDG
100 USDG
25x
2,500 USDG
1,000 USDG
Options are different
An option has no liquidation price, because there is no margin to lose beyond the premium. The trade off is that it can expire worthless.
Every pair is marked from two dollar legs. If a leg stops ticking, the pair pauses and orders queue instead of filling at a stale number.
The venue marks a cross by dividing one dollar leg by the other, so each pair depends on two feeds being fresh at the same moment.
Paused pairs
A feed that has not ticked recently is treated as stale, and the pair it belongs to is marked paused. While a pair is paused you can still see its last known rate, but you cannot get a fill on it.
Queued orders
An order placed against a paused pair is not rejected and not filled at the old price. It queues, and it executes at the next live price. This is the rule that keeps a restarting feed from handing out free money to whoever was fastest.
Weekends
Currencies trade around the clock, but not every feed does. Expect more pairs to sit paused over a weekend, and expect thin conditions when they come back.
Currency
Per 1 USD
24h
Feed
...
A mixed set of legs so you can see live and quiet feeds side by side.
Last updated September 2026
Mechanics
SettlementinUSDG
One balance, one settlement asset, every market. Margin, fees, funding, premiums and payouts are all USDG.
You never hold the currency you are trading. A long JPY/INR position does not put yen in your account: it puts a claim in dollars on the move of that cross. When you close, the result lands in USDG.
Depositing something else
USDC and USDT are accepted. They are converted to USDG when the deposit is credited, so you end up with a single balance and no swap to do yourself.
You send
You get credited
Fee
USDG
USDG
zero, gas only
USDC
USDG
zero, gas only
USDT
USDG
zero, gas only
Why one asset
Profit and loss are readable. Everything is dollars, including a trade between two currencies that are not the dollar.
Margin is fungible across pairs, so one balance backs every position.
There is no second exchange rate hiding between your collateral and your settlement.
Chain id 4663. Gas costs cents, USDG is native, and the network adds itself to your wallet when you connect.
Field
Value
Chain id
4663
Settlement asset
USDG
Gas
cents per transaction
Network setup
offered to your wallet on connect
Why this chain
Cost. Signing and settling has to be cheap, because a forex position is opened and closed far more often than it is held.
USDG is native. No bridge sits between your collateral and the venue.
Onboarding. The network configuration comes to the wallet instead of the user going to find an RPC url.
What runs on-chain
Deposits, withdrawals and settlement are on-chain. Orders are signed messages carried off-chain to the venue, which is what keeps a fill instant instead of block paced.
Last updated September 2026
Safety
Riskdisclosure
Read this one properly. These are leveraged products and you can lose everything you put into a position.
Leverage cuts both ways
Leverage multiplies the move, not just the good half of it. At 25x a 4% move against you is roughly your whole margin. Currencies that look calm for months can gap several percent in a single session on a policy decision or a devaluation.
Options can expire worthless
If the pair does not finish on the right side of the strike, the option pays nothing and the premium is gone. That outcome is not an edge case. It is the normal result for an option that was wrong.
The house is the counterparty
There is no order book. You trade against the venue, inside its exposure limits, and payout on a position is capped at ten times the margin. You are exposed to the venue being able to pay, and to it pausing a pair when its feeds go quiet.
Availability
Leveraged foreign exchange is a regulated product in most countries. The service is not available where it is prohibited, and it is your responsibility to know whether that includes you.
Not advice
Nothing on this site is financial, investment, tax or legal advice, and nothing here is a promise of profit. Example figures are arithmetic, not forecasts.
Last updated September 2026
Safety
Security
Three guarantees that live in the order flow: signed orders with a single use nonce, payout reserved at open, and no stale fills.
Signed orders
Every order is a message signed by your wallet. It carries a nonce that is valid exactly once, so a captured order cannot be replayed to open a second position. Nothing moves without a signature from your key.
Max payout reserved at open
The ceiling on a position, ten times the margin, is set aside when the position opens rather than looked for when it closes. A winning trade does not depend on the venue finding the money afterwards.
No stale fills
If the feeds behind a pair go quiet, the pair pauses and orders queue for the next live price. You do not get filled against a number that stopped being true ten minutes ago, and neither does anyone trading against you.
Your side of it
Read what you are signing. Rabby and MetaMask both show the decoded message.
Check the domain before you connect. Bookmark it.
We will never ask for a seed phrase or a private key. Nobody legitimate ever will.
Last updated September 2026
Resources
FAQ
The eleven questions people actually ask, answered without the sales voice.
no. there is no account to create, no documents to upload and nobody to approve you. you connect a wallet, sign a message to prove it is yours, and trade. the signature is free and moves no funds.
gold, silver, platinum, crude oil, natural gas and copper, from the same balance and the same wallet. forex is still the point of the venue and has by far the deepest coverage.
a perpetual future on an exchange rate. there is no expiry and no settlement date: you trade the move without ever holding the currency.
yes. every cross is derived from two legs against the dollar: JPY/INR is usdinr ÷ usdjpy. the cap is the lower of the two legs, so eur at 25x with ngn at 3x gives you 3x.
calls and puts on any currency pair, with the premium and the payout in usdg. the rest of the mechanics ship with the product.
the premium you paid, and nothing more. it is on the ticket before you sign.
you pick the base and the quote yourself. go long if you think the base gains on the quote, short if you think it drops.
yes. weekends, holidays and every central bank surprise. if a feed stops, that pair goes paused and orders queue until a live price comes back.
the house. there is no order book: you fill at the live price, inside our exposure limits.
never more than your margin. the position is liquidated at the maintenance level before it can go further.
everything settles in usdg. send usdc or usdt and it is converted to usdg when the deposit is credited.
gas costs cents, the network adds itself to your wallet, and usdg is native there.
example: 1,000 usdg short on ars at 3x. if the peso drops 10% you are up around 300 usdg, before fees.
Robinhood and USDG marks belong to their owners and are shown to indicate the network and the settlement asset.
Last updated September 2026
Legal
Termsofuse
The terms that cover this website today, while there is no application to use.
What this covers
These terms cover your use of this website, forexapp.trade, and the early access list. They do not cover a trading application, because there is not one yet. Separate terms will apply to that and you will be asked to accept them.
No offer, no advice
The content here is informational. It is not an offer to sell or a solicitation to buy any financial product, and it is not financial, investment, tax or legal advice. Example figures illustrate arithmetic and are not forecasts.
Eligibility
You may not use this site where doing so is prohibited by law. Leveraged foreign exchange is restricted or banned in many countries, and it is on you to know your own rules.
Accuracy
Product mechanics described here are a design, and parts of it are explicitly marked as to be announced. Rates shown on this site come from public third party feeds, may be delayed or wrong, and are not quotes. We do not warrant that anything here is accurate or current.
Liability
To the maximum extent permitted by law, we are not liable for any loss arising from your use of this site or from reliance on anything published on it.
Changes
These terms can change without notice. The version on this page is the version that applies. Governing law and the contact point for notices are to be announced.
Last updated September 2026
Legal
Privacypolicy
What this website actually collects today, which is close to nothing.
What we collect
Data
When
Why
Email address
when you submit the early access form
to tell you when the app opens
Browser user agent
with that same submission
basic abuse and duplicate checks
Hosting request logs
on every request
operating and securing the site
That is the whole list. The email and the user agent are stored in our database. Request logs are kept by the hosting provider.
No tracking
forexapp.trade sets no tracking cookies, runs no analytics script, and loads no advertising or social pixel. There is no consent banner because there is nothing to consent to.
Sharing
We do not sell your data and we do not share it with advertisers. Our hosting and database providers process it on our behalf in order to run the site.
Your rights
You can ask what we hold about you, ask for it to be corrected, and ask for it to be deleted. Deletion of an early access entry removes the email and the user agent from the database.
Contact
The address for privacy requests is to be announced, and will be published here before the application launches.
yen against 
rupee. 
euro against 
pound. 
real against 
peso. The cross is derived from two dollar legs, so no pair needs its own market to exist.
Robinhood Chain (chain id 4663) adds itself when you connect, so there is no network form to fill in.
USDG to your account. USDC and USDT are accepted too and get converted to USDG when the deposit is credited. Deposits cost nothing beyond gas.
JPY
KRW
CNY
TWD
HKD
SGD
INR
AUD
NZD
THB
IDR
MYR
PHP
VND
KZT
BDT
PKR
MNT
EUR
GBP
CHF
NOK
SEK
DKK
PLN
CZK
HUF
RON
TRY
AMD
UAH
CAD
MXN
BRL
CLP
COP
PEN
UYU
PYG
DOP
CRC
JMD
GTQ
ARS
ILS
SAR
AED
QAR
KWD
BHD
OMR
JOD
ZAR
KES
MAD
TND
DZD
MUR
NGN
EGP
GHS
TZS
UGX
ZMW
ars at 3x. if the peso drops 10% you are up around 300 usdg, before fees.