Currency Derivatives

Currency Derivatives

Currency derivatives can be described as contracts between the sellers and buyers, whose values are to be derived from the underlying assets i.e. the currency amount. World’s largest market – Driven by fundamentals. The Currency trading market attracts about $5.2 trillion in daily volume, recognized as the world’s largest market, accessible globally 24 hours a day – that is exactly what the Currency market is made up of! The advantage of small margin requirements and lower entry barriers makes it an important part of a retail investor’s portfolio. The best part about currency tradingis that you don’t need to open a new account or have different funds for this asset class. You can use the margin money and collaterals across Equity, F&O & Currencies on the same platform. No separate investment is required for Currency Trading. Currency futures and currency options are also very efficient risk management instruments offering benefits such as:

Hedges risk

  • Acts as insurance against unforeseen and unpredictable currency and interest rate movements.
  • If receivables or payments to be incurred are in multiple currencies,
  • If receivables or payments to be incurred are in multiple currencies,

Benefits to Small & Medium Enterprise(s):

SMEs do not receive support from banks readily due to higher counter party risk, lesser solvency and ability to honour its obligations. They may have to pay higher commissions making the transaction cost higher and the reducing the profit margins. Exchange traded currency derivatives will help these firms to hedge their risk with lower transaction costs. Opening up of trading in currency derivatives will give relief to small traders and SMEs.

SMIFS Limited, against the back drop of dealing in foreign affairs and clients, has developed over the years expertise in guiding corporates against their currency exposure risk.

Contract Specification & Features:

Underlying : Rate of exchange between 1 USD & INR


Contract Months : The maturity of the contracts shall not exceed 12 months

Expiration date and time / Last trading day & time : At 12:30 noon, two working days prior to the last Mumbai Interbank Settlement day of the month

Min Price fluctuation / Tick size : 0.25 Paise or INR 0.0025

Settlement Daily Interim MTM settlement Final settlement: The contracts shall be quoted and settled in Indian Rupees based on daily closing price of the contract and settlement price shall be the Reserve Bank’s Reference Rate on the last trading day .

Margin required for 1 lot USD/INR : 1.75% on the first day & 1% thereafter

Market timings: 9:00 AM to 5:00 PM


Get Multibagger Stock Ideas and Daily Stock research calls from Our Experts.

    Alternatively You Can Open DEMAT & Trading Account Through EKYC - Click here to Visit.

    Note: We so appreciate you sharing your details to open your Demat A/C with us. By clicking Submit Button here, you give your consent to us, to use the information and documents you uploaded here. You also acknowledge that all information is true and accurate. Also, You authorize SMIFS Limited assigned RM to perform the necessary procedure to open Demat & Trading A/C with Uploaded Documents.

    What’s Included?

    Why Invest with SMIFS Limited?

    We, at SMIFS, are committed to elevate your trading experience and be the one-stop solution for all your equity, derivative and other investment needs with reliable recommendations by our credible research team.

    We have been serving a diverse customer base of retail and institutional customers for more than 30 years now. Further, we are also providing free demat account to all our clients.

    • The SMIFS Legacy!

      A reputed brand with over 30 years of existence, We offer both online and offline facilities to our client.

      The latest technology helps our clients work anytime, anywhere on their investment with ease.

    • Credible Research

      A team of research analysts delivering short-term, long-term and derivatives trading calls.

      Research is the backbone for outperformance in financial services products over a period of time.

    • Robust Trading Platforms

      For fast and seamless trading experience on both mobile and desktop.

      The latest technology helps our clients trade on their free Demat account anytime, anywhere on their investment with ease.

    • Low Brokerage

      SMIFS provides low brokerage to its clients, making it more convenient to invest in the stock market.

    • Paperless Free Demat Account Opening

      Experience hassle free account opening online with minimum documentation and start your investment journey right away.

    • Hassle Free Trading

      Web, Mobile or Desktop, trade anywhere, anytime with SMIFS’s Innovative, cutting-edge trading software.

    • All in One Account for Investment Goals

      Invest in equities, futures & options, IPOs (Initial Public Offering), mutual funds, commodities, etc consistently at one spot and accomplish your monetary goals.

    • Customized Portfolio Management Services

      SMIFS offers tailor made portfolio management services based on your risk

      In addition, we monitor & rebalance your portfolio

    • Apply for IPO before Anyone Else

      SMIFS free demat account gives you the opportunity to bid for the
      IPO before it is opened for subscription.

    Trusted By 20000+ Clients from 150+ Cities in India

    img client 1 copy

    Easy Steps
    Fast Opening

    A world of possibilities, at your fingertips!
    With SMIFS Demat account, get 10+ investing options to choose from

    • Fill-out-demat-account-online-form
      Fill the lead form to open free demat account & Trading account with SMIFS
    • rsz_1fill-up_bank_pand__aaadhar_details-removebg-preview
      Enter your Personal Details along with PAN and Bank Details As required
    • rsz_icon_ekyc
      Authenticate your E-KYC Details Digitally.
    • rsz_1install_elite_apps
      Download SMIFS  Elite App and Start your Investment Journey

    Keep the Documents In Hand for your Free Demat Account Opening

    Aadhar Card, PAN Card, Bank Proof (Cancelled Cheque ), Signature image. Please make sure your PAN card is already linked with Aadhar card

    Trusted by over 20000 Ambitious Brands, HNI, Retails investors Across  INDIA

    • Untitled-design-14
    • Untitled-design-6
    • Untitled-design-18
    • Untitled-design-1
    • Untitled-design-12
    • Untitled-design-17
    • Untitled-design-11
    • Untitled-design-13
    • Untitled-design

    Worried About Investments? Ask. Listen. Solve

    Think Of Us Like The Supermarket of Investment. Get everything under one umbrella.

    Stocks Trading

    Stock Trading

    Get a share of the company you love and believe in growth.

    mutual fund

    Mutual Funds

    You put in the money. They put in the expertise.

    portfolio management (1)

    Portfolio Management

    Customized investment solutions to investors to help them attain their financial goals.

    Futures & Options

    Futures & Options

    Enter F&O strategy mode on the go.

    Commodity Trading

    Commodity Trading

    Diversify & reduce your portfolio risk by investing with commodities

    IPO Trading


    Apply for IPO shares through any of our online trading platforms,

    currency Trading

    Currency Trading

    The Currency trading market attracts about $5.2 trillion in daily volume, You can Starts Trading with SMIFS

    fixed income

    Fixed Income

    Fixed income trading involves the buying and selling of fixed income securities by fixed income investors.

    margin trading

    Margin Trading

    Margin trading involves buying and selling of securities in one single session.

    Depository & Repository

    Depository & Repository

    At SMIFS Limited, clients are offered the dual benefit of trading and having a reputed depository service under a single roof

    Save, Invest & Prosper with SMIFS Mutual Fund & SMIFS Elite

    Track All Your Investment, Anytime, Anywhere!

    Available on both

    Download Smifs elite App from Google play store icon

    Download Smifs elite App from Apple play store icon

    Mobile app

    Frequently Asked Questions ( FAQ’s)

    What are the pairs in Currencies?

    Foreign exchange or Forex is the simultaneous buying of one currency and selling of another. Currencies are traded through a broker or dealer and are executed in currency pairs. For example: the Euro and the US Dollar (EUR/USD) or the British Pound and the Japanese Yen (GBP/JPY). The Foreign Exchange Market (Forex) is the largest financial market in the world, with a daily volume of over $5.2 trillion. This is more than three times the total amount of the stocks and futures markets combined. Unlike other financial markets, the Forex spot market has neither a physical location nor a central exchange. It operates through an electronic network of banks, corporations, and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another across the major financial centers. This fact – that there is no centralized exchange – is important to keep in mind as it spreads throughout all aspects of the Forex experience.

    What are the lot sizes?

    USD-INR – 1000 Dollars, EUR-INR – 1000 Euros, GBP-INR 1000 GBP, JPY-INR – 1,00,000 JPY

    Can I take delivery in Currencies?


    What are the market timings?


    When is the contract expiry in Currencies?

    2 working days prior to the last business day of the month

    Do I need to open Demat account for Currencies?


      Get in touch!

      We want to hear from you. Let us know how we can help.

        Get in touch!

        We want to hear from you. Let us know how we can help.

          Get in touch!

          We want to hear from you. Let us know how we can help.


          To be Reliable Managers to Our Clients Wealth, and deliver higher returns than benchmarks in a Rational, Intelligent, Scalable and Repeatable manner