NDFs
Access emerging market currencies through NDF contracts, settled in cash with no physical exchange of currency.
Overview
NDF trading.
Trade a wide range of currencies with non-deliverable forward contracts. Take a view on currency pairs that are hard to access directly, without ever exchanging the underlying currencies.

The future of investing is here
Why choose BLAC FX for NDF trading?
Take your trading further with our leading platform
A safe, secure and transparent payment system
Personal assistance and expert guidance 24/5
Trade the right currencies with a user-friendly interface
A broad range of currencies available as NDFs
Open an account in minutes with hassle-free registration
Why NDFs
What makes NDF trading so attractive?
Wide range of currencies
Trade currencies of developed, developing and emerging economies and diversify your exposure.
No physical delivery
Take a view on currency moves without delivering the underlying currencies.
Transparency
Prices are driven by interest rate differentials, keeping pricing transparent.
Competitive cost
A cost-effective way to access currencies that are not freely convertible.
Hedging
Help offset the risk of exchange rate moves on emerging market exposure.
Flexibility
Suitable for short, medium and long-term trading styles.
Demo- USDINR83.420
- USDKRW1352.60
- USDTWD32.180
- USDBRL5.0710
- USDIDR15890
Illustrative demo display. Prices are simulated.
Learn
What is NDF trading?
A non-deliverable forward (NDF) is a contract between two parties on a currency exchange rate. No currency changes hands. Instead, the difference between the agreed rate and the market rate is settled in cash when the contract matures.
Read more →Benefits of NDF trading
- Risk management and diversification
- Global exposure
- Low trading cost
- Liquidity
- Transparency and flexibility
- Customised contracts
Live market data
Popular NDF currencies
Live spot reference rates for the underlying currencies. NDF prices on the platform include forward points.
Live data by TradingView. Indicative only, not BLAC FX dealing prices.
Getting started
How do I trade NDFs?
- 01
Get to know how NDF currency trading works.
- 02
Identify the currency pairs you want to trade.
- 03
Open a BLAC FX trading account.
- 04
Build a trading plan.
- 05
Choose your trading platform.
- 06
Place your first live trade.
Guidance from our expert team
Our team of experienced traders is here to guide you. Learn strategies, ask questions and build confidence before you trade.
Help opening your account
Opening an account is quick and easy. If you need a hand at any step, our team is ready to help.
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