Contract
FX perps are not spot forex
A perpetual tracks a reference rate without delivering euros, pounds, yen, or dollars. It has no fixed expiry and uses collateral and margin.
Forex perpetual markets
Trade forex with leverage
Trade long or short price exposure to major USD currency pairs through perpetual contracts on Liquid. Eligible FX markets offer multipliers of up to 50x, depending on the pair and jurisdiction. You do not own or exchange the underlying currencies.
Leverage magnifies losses as well as gains and can lead to liquidation. A higher available multiplier is not a recommendation to use it.
Live forex perpetual markets
Compare current major-pair rates and open a dedicated market page. Browse every market.
How to trade against the US dollar
There is no single dollar trade. Pair order determines whether long or short expresses a weaker-dollar view.
Long EUR/USD or GBP/USD is a weaker-dollar position because USD is second in those pairs. Short USD/JPY is a weaker-dollar position because USD is first. Each view is relative to the other currency, not every currency at once.
Leverage
Multiplier is not an edge
More leverage increases exposure for the same collateral, but also magnifies losses and reduces the room before liquidation.
Cost
Check the live ticket
Review the current order book, margin, and estimated liquidation price in the app, plus the venue's fee and funding information. These can vary by market and time.
What moves forex pairs?
Every pair compares two economies, so the relative change matters.
- Central-bank decisions and interest-rate expectations
- Inflation, employment, and growth releases
- Government bond yields and cross-border capital flows
- Risk sentiment, intervention risk, and unexpected news
Scheduled releases can produce fast moves and slippage. Check the economic calendar before opening a short-term position.
Learn forex leverage and risk
Forex perpetual market FAQs
What is a forex perpetual market?
A forex perpetual is a derivative that tracks a currency pair without delivering either currency. It has no fixed expiry, can be traded long or short, and uses margin. See how funding works before holding a position.
How do I trade against a weaker US dollar?
Pair order determines the direction. A weaker-dollar view is long EUR/USD, long GBP/USD, or short USD/JPY. Each position compares USD with a different counter-currency, so there is no single universal dollar trade.
Is higher leverage better for forex day trading?
No. A higher multiplier increases exposure for the same collateral, but it also magnifies losses and reduces the room before liquidation. Size from a loss limit and stop level rather than the maximum available multiplier; read the leveraged US dollar guide for an example.
How much leverage is available on Liquid FX markets?
Eligible FX markets offer multipliers of up to 50x, depending on the pair and jurisdiction. The app shows the current multiplier, margin requirement, and estimated liquidation price. Review the venue's fee and funding information separately before trading.
Are Liquid FX perps the same as spot forex?
No. An FX perp tracks a currency-pair reference rate but does not exchange or confer ownership of euros, pounds, yen, or dollars. Perpetuals also introduce margin, liquidation, funding, and venue-specific execution costs.
Can I trade forex perpetuals outside traditional FX hours?
Liquid FX perpetual markets are designed for around-the-clock access, but availability, liquidity, spread, and the quality of price discovery can vary by pair and time. Check the live market and order ticket before entering.