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Forex Currency Trading

Currency trading or Forex is the world’s largest financial market where approximately over $4 trillion in currencies are traded every day. Due to the fact that forex currency trading has no centralized marketplace, currencies can be traded in whatever market is open at any given time, creating a great opportunity for traders to buy and sell currencies around the clock 24 hours a day, 5 days a week with the exception of weekends. Investors include banks, large institutions and individual traders from all around the globe.

IronFX offers you the ability to trade forex through our bespoke and multi-award winning forex trading platforms. We offer the tightest spreads in the market, starting from 0.4 pips. Investors can select their own leverage starting from 1:1 up to 1:500 with unlimited access to the largest liquidity providers and known execution. With more than 70 forex pairs available that include majors, minors and exotics, IronFX is the place to start your forex trading by opening your Live Account today. 

If you are new to Forex currency trading, a great way to familiarise yourself is to open an IronFX Demo Account. This practise account offers access to all the advanced features to assist new traders in understanding on how the forex market works and to provide them with the chance to perfect their trading strategy.

IronFX Offers:
  • The tightest spreads in the market, starting from 0.4 pips.
  • Over 70 Forex currency pairs.
  • Leverage starting from 1:1 up to 1:500.
  • Multilingual customer service for beginners and professionals to facilitate online trading 24 hours a day, 5 days a week.
  • Commission-free spot Forex trading.
  • Limit and stop level starting from 5 pips for major Forex currency crosses.
  • “One Account, Ten Platforms” in-house developed functionality designed to satisfy beginner, intermediate and professional traders.
  • No margin required when hedging positions provided margin level > 100%.
CFD on Forex Contract Specifications & Leverage Levels details
Currency PairMinimum Spread1Typical Average Spread1
AUD/CAD
Australian Dollar VS Canadian Dollar
5.7 5.7
AUD/CHF
Australian Dollar VS Swiss Franc
6 6
AUD/JPY
Australian Dollar VS Japanese Yen
4 5
AUD/DKK
Australian Dollar VS Danish Krone
30 35
AUD/NZD
Australian Dollar VS New Zealand Dollar
9.5 9.5
AUD/PLN
Australian Dollar VS Polish Zloty
30 35
AUD/SGD
Australian Dollar VS Singapore Dollar
8.8 9.8
AUD/USD
Australian Dollar VS US Dollar
1 1.2
CAD/CHF
Canadian Dollar vs Swiss Franc
6 6.8
CAD/JPY
Canadian Dollar vs Japanese Yen
3.9 3.9
CHF/PLN
Swiss Franc vs Polish zloty
15 29
CHF/SGD
Swiss Franc vs Singapure Dollar
8 10
EUR/AUD
Euro vs Australian Dollar
4 4
EUR/CAD
Euro vs Canadian Dollar
5.7 5.7
EUR/CHF
Euro vs Swiss Franc
1 2.2
EUR/CZK
Euro vs Czech Koruna
30 30
EUR/DKK
Euro vs Danish Krone
5 5
EUR/GBP
Euro vs British Pound
0.9 1
EUR/HKD
Euro vs Hong Kong Dollar
20 20
EUR/HUF
Euro vs Hungarian Forint
45 45
EUR/JPY
Euro vs Japanese Yen
1.1 2.3
EUR/MXN
Euro vs Mexican Peso
80 110
EUR/LVL
Euro vs Latvian Lats
40 40
EUR/NOK
Euro vs Norwegian Krone
50 50
EUR/NZD
Euro vs New Zealand Dollar
14 14
EUR/PLN
Euro vs Polish Zloty
50 50
EUR/RUB
Euro vs Russian Ruble
20 35
EUR/SEK
Euro vs Swedish Krona
50 50
EUR/SGD
Euro vs Singapore Dollar
10 10
EUR/TRY
Euro vs Turkish Lira
14 14
EUR/USD
Euro vs US Dollar
0.7 1.2
EUR/ZAR
Euro vs South Africa Rand
100 100
GBP/AUD
British Pound vs Australian Dollar
6 6
GBP/CAD
British Pound vs Canadian Dollar
6 6
GBP/CHF
British Pound vs Swiss Franc
4 5
GBP/DKK
British Pound vs Danish Krone
40 45
GBP/JPY
British Pound vs Japanese Yen
4 4.5
GBP/NOK
British Pound vs Norwegian Krone
100 100
GBP/NZD
British Pound vs New Zealand Dollar
15 15
GBP/PLN
British Pound vs Polish zloty 
25 32
GBP/SEK
British Pound vs Swedish Krona
100 100
GBP/SGD
British Pound vs Singapore Dollar
15 16
GBP/TRY
British Pound vs Turkish Lira
21 21
GBP/USD
British Pound vs US Dollar
0.8 1.1
GBP/ZAR
British Pound vs South African Rand
300 300
NZD/CAD
New Zealand Dollar vs Canadian Dollar
7.7 9
NZD/CHF
New Zealand Dollar vs Swiss Franc
6 7
NZD/JPY
New Zealand Dollar vs Japanese Yen
4 4
NZD/SGD
New Zealand Dollar vs Singapore Dollar
10 11.5
NZD/USD
New Zealand Dollar vs US Dollar
3 3
NOK/SEK
Norwegian Krone vs Swedish Krona
7 9
PLN/JPY
Polish Zloty vs Japanese Yen
4 5
SGD/JPY
Singapore Dollar vs Japanese Yen
5 5
USD/CAD
US Dollar vs Canadian Dollar
1.3 1.5
USD/CHF
US Dollar vs Swiss Franc
1.3 1.4
USD/CZK
US Dollar vs Czech Koruna
30 30
USD/DKK
US Dollar vs Danish Krone
30 30
USD/HKD
US Dollar vs Hong Kong Dollar
8 8
USD/HRK
US Dollar vs Croatia Kuna
100 100
USD/HUF
US Dollar vs Hungarian Forint
50 50
USD/JPY
US Dollar vs Japanese Yen
0.4 0.9
USD/LVL
US Dollar vs Latvian Lats
30 30
USD/LTL
US Dollar vs Lithuanian Lats
20 20
USD/MXN
US Dollar vs Mexican Pesos
50 80
USD/NOK
US Dollar vs Norwegian Krone
50 50
USD/PLN
US Dollar vs Polish Zloty
45 45
USD/CAD
US Dollar vs Canadian Dollar
1.3 1.5
USD/RUB
US Dollar vs Russian Ruble
15 22
USD/SEK
US Dollar vs Swedish Krona
50 50
USD/SGD
US Dollar vs Singapore Dollar
5 5
USD/TRY
US Dollar vs Turkish Lira
13 13
USD/ZAR
US Dollar vs South African Rand
140 140

[1] The above spreads are applicable under normal trading conditions during day trading session. However there may be instances when market conditions cause spreads to widen beyond the typical average spreads displayed above;

Note:

  • Zero margin requirements for opening a hedged position provided free margin is positive (Margin Level > 100%);
  • No commission applies;
  • The trading hours are 24 hours per day, starting at 00:00 Monday and closing at 24:00 Friday server time. Server time is GMT + 2 (GMT + 3 applies during daylight saving/summer time).
  • No mini lots are allowed for accounts with a balance over $10,000
  • Leverage on Ruble crosses will be 1/10 of the account leverage. Max Leverage can be 1:50 when account leverage is 1:500

Currency PairLong Rate in Pips2Short Rate in Pips2
AUD/CAD
Australian Dollar VS Canadian Dollar
0.77 -1.33
AUD/CHF
Australian Dollar VS Swiss Franc
0.90 -1.39
AUD/JPY
Australian Dollar VS Japanese Yen
0.86 -1.33
AUD/DKK
Australian Dollar VS Danish Krone
3.97 -7.11
AUD/NZD
Australian Dollar VS New Zealand Dollar
0.24 -0.94
AUD/PLN
Australian Dollar VS Polish Zloty
-0.62 -1.05
AUD/SGD
Australian Dollar VS Singapore Dollar
1.31 -2.04
AUD/USD
Australian Dollar VS US Dollar
1.02 -1.58
CAD/CHF
Canadian Dollar vs Swiss Franc
0.16 -0.31
CAD/JPY
Canadian Dollar vs Japanese Yen
0.14 -0.29
CHF/PLN
Swiss Franc vs Polish Zloty
-4.63 3.99
CHF/SGD
Swiss Franc vs Singapore Dollar
-0.16 -0.11
EUR/AUD
Euro vs Australian Dollar
-1.96 1.23
EUR/CAD
Euro vs Canadian Dollar
-0.36 0.11
EUR/CHF
Euro vs Swiss Franc
0.00 -0.22
EUR/CZK
Euro vs Czech Koruna
-0.38
-0.07
EUR/DKK
Euro vs Danish Krone
-1.37
0.40
EUR/GBP
Euro vs British Pound
-0.12
-0.04
EUR/HKD
Euro vs Hong Kong Dollar
0.08
-2.11
EUR/HUF
Euro vs Hungarian Forint
-4.53 4.04
EUR/JPY
Euro vs Japanese Yen
-0.01
-0.20
EUR/LVL
Euro vs Latvian Lats
-0.07 -0.06
EUR/MXN
Euro vs Mexican Peso
-22.93 19.81
EUR/NOK
Euro vs Norwegian Krone
-4.80 3.37
EUR/NZD
Euro vs New Zealand Dollar
-1.37 1.07
EUR/PLN
Euro vs Polish Zloty
-4.90 4.17
EUR/SEK
Euro vs Swedish Krona
-5.31 3.63
EUR/SGD
Euro vs Singapore Dollar
-0.03
-0.29
EUR/RUB
Euro vs Russian Ruble
-5.37 4.65
EUR/TRY
Euro vs Turkish Lira
-4.59 4.16
EUR/USD
Euro vs US Dollar
-0.02
-0.22
EUR/ZAR
Euro vs South African Rand
-14.10 12.30
GBP/AUD
British Pound vs Australian Dollar
-2.16 1.33
GBP/CAD
British Pound vs Canadian Dollar
-0.34 0.06
GBP/CHF
British Pound vs Swiss Franc
0.06 -0.30
GBP/DKK
British Pound vs Danish Krone
-2.32 0.77
GBP/JPY
British Pound vs Japanese Yen
0.05 -0.28
GBP/NOK
British Pound vs Norwegian Krone
-5.06 3.43
GBP/NZD
British Pound vs New Zealand Dollar
-1.48 1.13
GBP/PLN
British Pound vs Polish Zolty
-6.03 5.1
GBP/SEK
British Pound vs Swedish Krona
-5.58 3.66
GBP/SGD
British Pound vs Singapore Dollar
0.05 -0.41
GBP/TRY
British Pound vs Turkish Lira
-5.10 4.60
GBP/USD
British Pound vs US Dollar
0.05 -0.35
GBP/ZAR
British Pound vs South African Rand
-15.50 13.47
NOK/SEK
Norwegian Krone vs Swedish Krona
-0.06 -0.15
NZD/CAD
New Zealand Dollar vs Canadian Dollar
0.38 -0.53
NZD/CHF
New Zealand Dollar vs Swiss Franc
0.52 -0.65
NZD/JPY
New Zealand Dollar vs Japanese Yen
0.49 -0.61
NZD/SGD
New Zealand Dollar vs Singapore Dollar
0.75 -0.94
NZD/USD
New Zealand Dollar vs US Dollar
0.62 -0.78
PLN/JPY
Polish Zloty vs Japanese Yen
0.27 -0.31
SGD/JPY
Singapore Dollar vs Japanese Yen
-0.05 -0.06
USD/CAD
US Dollar vs Canadian Dollar
-0.33 0.16
USD/CHF
US Dollar vs Swiss Franc
-0.06 -0.09
USD/CZK
US Dollar vs Czech Koruna
-0.41 0.09
USD/DKK
US Dollar vs Danish Krone
-2.08 1.12
USD/HKD
US Dollar vs Hong Kong Dollar
-0.56 -0.87
USD/HRK
US Dollar vs Croatia Kuna
-1.24 0.27
USD/HUF
US Dollar vs Hungarian Forint
-3.33 2.99
USD/JPY
US Dollar vs Japanese Yen
-0.07 -0.08
USD/LVL
US Dollar vs Latvian Lats
-0.09 0.00
USD/LTL
US Dollar vs Lithuanian Lats
-1.07 0.63
USD/MXN
US Dollar vs Mexican Pesos
-16.20 14.06
USD/NOK
US Dollar vs Norwegian Krone
-3.81 2.80
USD/PLN
US Dollar vs Polish Zloty
-3.67 3.15
USD/RUB
US Dollar vs Russian Ruble
-4.24 3.69
USD/SEK
US Dollar vs Swedish Krona
-4.24 3.06
USD/SGD
US Dollar vs Singapore Dollar
-0.12 -0.11
USD/TRY
US Dollar vs Turkish Lira
-3.36 3.05
USD/ZAR
US Dollar vs South African Rand
-10.47 9.20

[2] The swap rate is mainly dependent on the level of interest rates as well as the Company’s fee for having an open position overnight. The swap is automatically converted into the base currency of the client's trading account. The operation is conducted at 23.59 (server time) and can take several minutes.

Note:

  • Zero margin requirements for opening a hedged position provided free margin is positive (Margin Level > 100%);
  • No commission applies;
  • The trading hours are 24 hours per day, starting at 00:00 Monday and closing at 24:00 Friday server time. Server time is GMT + 2 (GMT + 3 applies during daylight saving/summer time).
  • Leverage on Ruble crosses will be 1/10 of the account leverage. Max Leverage can be 1:50 when account leverage is 1:500
  • No mini lots are allowed for accounts with a balance over $10,000

Currency PairSize of 1 lotPip ValueMinimum Price FluctuationMinimum Contract Size
AUD/CAD
Australian Dollar VS Canadian Dollar
100000 AUD 10 CAD 0.00001 0.01 lot
AUD/CHF
Australian Dollar VS Swiss Franc
100000 AUD 10 CHF 0.00001 0.01 lot
AUD/JPY
Australian Dollar VS Japanese Yen
100000 AUD 1000 JPY 0.001 0.01 lot
AUD/DKK
Australian Dollar VS Danish Krone
100000 AUD 10 DKK 0.0001 0.01 lot
AUD/NZD
Australian Dollar VS New Zealand Dollar
100000 AUD 10 NZD 0.00001 0.01 lot
AUD/PLN
Australian Dollar VS Polish Zloty
100000 AUD 10 PLN 0.0001 0.01 lot
AUD/SGD
Australian Dollar VS Singapore Dollar
100000 AUD 10 SGD 0.00001 0.01 lot
AUD/USD
Australian Dollar VS USD Dollar
100000 AUD 10 USD 0.00001 0.01 lot
CAD/CHF
Canadian Dollar vs Swiss Franc
100000 CAD 10 CHF 0.00001 0.01 lot
CAD/JPY
Canadian Dollar vs Japanese Yen
100000 CAD 1000 JPY 0.001 0.01 lot
CHF/PLN
Swiss Franc vs Polish Zloty
100000 CHF 10 PLN 0.0001 0.01 lot
CHF/SGD
Swiss Franc vs Singapore Dollar
100000 CHF 10 SGD 0.00001 0.01 lot
EUR/AUD
Euro vs Australian Dollar
100000 EUR 10 AUD 0.00001 0.01 lot
EUR/CAD
Euro vs Canadian Dollar
100000 EUR 10 CAD 0.00001 0.01 lot
EUR/CHF
Euro vs Swiss Franc
100000 EUR 10 CHF 0.00001 0.01 lot
EUR/CZK
Euro vs Czech Koruna
100000 EUR 100 CZK 0.001 0.01 lot
EUR/DKK
Euro vs Danish Krone
100000 EUR 10 DKK 0.00001 0.01 lot
EUR/GBP
Euro vs Birtish Pound
100000 EUR 10 GBP 0.00001 0.01 lot
EUR/HKD
Euro vs Hong Kong Dollar
100000 EUR 10 HKD 0.00001 0.01 lot
EUR/HUF
Euro vs Hungarian Forint
100000 EUR 1000 HUF 0.01 0.01 lot
EUR/JPY
Euro vs Japanese Yen
100000 EUR 1000 JPY 0.001 0.01 lot
EUR/LVL
Euro vs Latvian Lats
100000 EUR 10 LVL 0.0001 0.01 lot
EUR/MXN
Euro vs Mexican Peso
100000 EUR 10 MXN 0.0001 0.01 lot
EUR/NOK
Euro vs Norwegian Krone
100000 EUR 10 NOK 0.00001 0.01 lot
EUR/NZD
Euro vs New Zealand Dollar
100000 EUR 10 NZD 0.00001 0.01 lot
EUR/PLN
Euro vs Polish Zloty
100000 EUR 10 PLN 0.0001 0.01 lot
EUR/RUB
Euro vs Russian Ruble
100000 EUR 100 RUB 0.001 0.01 lot
EUR/SEK
Euro vs Swedish Krone
100000 EUR 10 SEK 0.00001 0.01 lot
EUR/SGD
Euro vs Singapore Dollar
100000 EUR 10 SGD 0.00001 0.01 lot
EUR/TRY
Euro vs Turkish Lira
100000 EUR 10 TRY 0.00001 0.01 lot
EUR/USD
Euro vs US Dollar
100000 EUR 10 USD 0.00001 0.01 lot
EUR/ZAR
Euro vs South African Rand
100000 EUR 10 ZAR 0.0001 0.01 lot
GBP/AUD
British Pound vs Australian Dollar
100000 GBP 10 AUD 0.00001 0.01 lot
GBP/CAD
British Pound vs Canadian Dollar
100000 GBP 10 CAD 0.00001 0.01 lot
GBP/CHF
British Pound vs Swiss Franc
100000 GBP 10 CHF 0.00001 0.01 lot
GBP/DKK
British Pound vs Danish Krone
100000 GBP 10 DKK 0.00001 0.01 lot
GBP/JPY
British Pound vs Japanese Yen
100000 GBP 1000 JPY 0.001 0.01 lot
GBP/PLN
British Pound vs Polish Zloty
100000 GBP 10 PLN 0.0001 0.01 lot
GBP/NOK
British Pound vs Norwegian Krone
100000 GBP 10 DKK 0.00001 0.01 lot
GBP/NZD
British Pound vs New Zealand Dollar
100000 GBP 10 NZD 0.00001 0.01 lot
GBP/SEK
British Pound vs Swedish Krona
100000 GBP 10 SEK 0.00001 0.01 lot
GBP/SGD
British Pound vs Singapore Dollar
100000 GBP 10 SGD 0.00001 0.01 lot
GBP/TRY
British Pound vs Turkish Lira
100000 GBP 10 TRY 0.0001 0.01 lot
GBP/USD
British Pound vs US Dollar
100000 GBP 10 USD 0.00001 0.01 lot
GBP/ZAR
British Pound vs South African Rand
100000 GBP 10 ZAR 0.0001 0.01 lot
NZD/CAN
New Zealand Dollar vs Canadian Dollar
100000 NZD 10 CAD 0.00001 0.01 lot
NZD/CHF
New Zealand Dollar vs Swiss Franc
100000 NZD 10 CHF 0.00001 0.01 lot
NZD/JPY
New Zealand Dollar vs Japanese Yen
100000 NZD 1000 JPY 0.00001 0.01 lot
NZD/SGD
New Zealand Dollar vs Singapore Dollar
100000 NZD 10 SGD 0.00001 0.01 lot
NZD/USD
New Zealand Dollar vs US Dollar
100000 NZD 10 USD 0.00001 0.01 lot
NOK/SEK
Norwegian Krone vs Swedish Krona
100000 NOK 10 SEK 0.0001 0.01 lot
PLN/JPY
Polish Zloty vs Japanese Yen
100000 PLN 1000 JPY 0.01 0.01 lot
SGD/JPY
Singapore Dollar vs Japanese Yen
100000 SGD 1000 JPY 0.001 0.01 lot
USD/CAD
US Dollar vs Canadian Dollar
100000 USD 10 CAD 0.00001 0.01 lot
USD/CHF
US Dollar vs Swiss Franc
100000 USD 10 CHF 0.00001 0.01 lot
USD/CZK
US Dollar vs Czech Koruna
100000 USD 100 CZK 0.001 0.01 lot
USD/DKK
US Dollar vs Danish Krone
100000 USD 10 DKK 0.00001 0.01 lot
USD/HKD
US Dollar vs Hong Kong Dollar
100000 USD 10 HKD 0.00001 0.01 lot
USD/HRK
US Dollar vs Croatia Kuna
100000 USD 10 HRK 0.0001 0.01 lot
USD/HUF
US Dollar vs Hungarian Forint
100000 USD 1000 HKR 0.01 0.01 lot
USD/JPY
US Dollar vs Japanese Yen
100000 USD 1000 JPY 0.001 0.01 lot
USD/LVL
US Dollar vs Latvian Lats
100000 USD 10 LVL 0.0001 0.01 lot
USD/LTL
US Dollar vs Lithuanian Lats
100000 USD 10 LTL 0.0001 0.01 lot
USD/MXN
US Dollar vs Mexican Pesos
100000 USD 10 MXN 0.0001 0.01 lot
USD/NOK
US Dollar vs Norwegian Krone
100000 USD 10 NOK 0.00001 0.01 lot
USD/PLN
US Dollar vs Polish Zloty
100000 USD 10 PLN 0.0001 0.01 lot
USD/SEK
US Dollar vs Swedish Krona
100000 USD 10 SEK 0.00001 0.01 lot
USD/SGD
US Dollar vs Singapore Dollar
100000 USD 10 SGD 0.00001 0.01 lot
USD/RUB
US Dollar vs Russian Ruble
100000 USD 100 RUB 0.001 0.01 lot
USD/TRY
US Dollar vs Turksih Lira
100000 USD 10 TRY 0.00001 0.01 lot
USD/ZAR
US Dollar vs South African rand
100000 USD 10 ZAR 0.0001 0.01 lot

Note:

  • Zero margin requirements for opening a hedged position provided free margin is positive (Margin Level > 100%);
  • No commission applies;
  • The trading hours are 24 hours per day, starting at 00:00 Monday and closing at 24:00 Friday server time. Server time is GMT + 2 (GMT + 3 applies during daylight saving/summer time).
  • Note: Leverage on Ruble crosses will be 1/10 of the account leverage. Max Leverage can be 1:50 when account leverage is 1:500
  • No mini lots are allowed for accounts with a balance over $10,000

The Company reserves the right to change the client’s account leverage as per below table or otherwise appropriate considering client’s trading activity:


Deposit Amount Leverage Level Leverage Level per Exposure
$200 - $49,999 Up to 1:500 If exposure on a single currency pair is > than 10mln (100 lots) account leverage can be changed to a maximum level of 1:200 3
$50,000 - $99,999 Up to 1:200 If exposure on a single currency pair is > than 10mln (100 lots) account leverage can be changed to a maximum level of 1:100 3
$Over $100,000 Up to 1:100 If exposure on a single currency pair is > than 15mln (150 lots) account leverage can be changed to a maximum level of 1:50 3

[3] Margin requirement for opening new positions will be calculated based on the new reduced leverage however the Margin value will be based on the initial leverage. By restarting the client’s trading terminal (i.e. platform) this value will change in order to reflect the new leverage.

Note:

  • The client has to RESTART his trading terminal in order for account margin calculations to FULLY* reflect the new reduced leverage.
  • An internal mail will be send to the client informing him of the leverage change as well as to restart his trading terminal.
  • A possible reduction in leverage may cause liquidation of some or all of the client’s positions.
  • No mini lots are allowed for accounts with a balance over $10,000

 
 
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