Forex

Foreign Exchange trading, or simply Forex, is the world’s largest financial market with over $4 trillion in daily trading. Due to the fact that forex currency trading has no centralised 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 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 120 currency 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 currency trading, a great way to get started is to open an IronFX Demo Account. This practice account offers access to all the advanced features to assist new traders in understanding how the forex market works and to provide them with the chance to perfect their trading strategy.

CFD on Forex Contract Specifications & Leverage Levels details
Currency Pair Minimum Spread1 Typical 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
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[1] The above spreads are applicable under normal trading conditions during day trading sessions. 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 micro lots are allowed for accounts with a balance over $10,000
  • Leverage on Ruble & Renminbi crosses will be 1/10 of the account leverage. Max Leverage can be 1:50 when account leverage is 1:500
  • Trading hours for specific exotic pairs:
    • USDRUB, EURRUB: 10:00 – 18:00
    • USDCNH, EURCNH: 03:00 – 24:00
    • USDLTL, USDLVL, USDHRK: 10:00 – 15:00
Currency Pair Long Rate in Pips2 Short Rate in Pips2
AUD/CAD

Australian Dollar VS Canadian Dollar 		-0.08 -1.09
AUD/CHF

Australian Dollar VS Swiss Franc 		0.21 -1.35

AUD/JPY

Australian Dollar VS Japanese Yen

0.15 -1.06
AUD/DKK

Australian Dollar VS Danish Krone 		1.25 -8.34
AUD/NZD

Australian Dollar VS New Zealand Dollar 		-0.66 -0.78
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[2] The swap value depends mainly on the level of interest rates and the interest of the Company for having an open position during the night. The exchange is automatically converted to the base currency of the trading account of the client. The Company reserves the right to amend the swap values of a specific client in case of any suspect of a trading abuse. The operation is carried out at 23.59 (time server) and may take several minutes.

Note:

  • Zero margin requirements for opening a hedged position provided free margin is positive (Margin Level > 100%);
  • Zero commission;
  • The trading hours starting daily from 00:00 to 24:00 server time Monday through Friday. The server time is GMT + 2 (GMT + 3 is applied during summer time).
  • Leverage on Ruble & Renminbi crosses will be 1/10 of the account leverage. Max Leverage can be 1:50 when account leverage is 1:500
  • The Company reserves the right to amend the swap values of a specific client in case of any suspect of a trading abuse.
  • Trading hours for specific exotic pairs:
    • USDRUB, EURRUB: 10:00 – 18:00
    • USDCNH, EURCNH: 03:00 – 24:00
    • USDLTL, USDLVL, USDHRK: 10:00 – 15:00
Currency Pair Size of 1 lot Pip Value Minimum Price Fluctuation Minimum 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
view all parts

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 & Renminbi crosses will be 1/10 of the account leverage. Max Leverage can be 1:50 when account leverage is 1:500
  • No micro lots are allowed for accounts with a balance over $10,000
  • Trading hours for specific exotic pairs:
    • USDRUB, EURRUB: 10:00 – 18:00
    • USDCNH, EURCNH: 03:00 – 24:00
    • USDLTL, USDLVL, USDHRK: 10:00 – 15:00

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



Instant execution Account

Equity 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


STP/ECN Accounts

Deposit Amount Leverage Level
$500 - $49,999 Up to 1:500
$50,000 and above Up to 1:100

[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:

  • An internal mail will be send to the client informing him of the leverage change as well as to restart his trading terminal,in order for account margin calculations to fully reflect the new reduced leverage.
  • A possible reduction in leverage may cause liquidation of some or all of the client’s positions.
  • No micro lots are allowed for accounts with a balance over $10,000
  • 1.500 leverage is offered on the Micro STP/ECN accounts only. This offer is subject to change based on the client trade sizes
  • 1:200 Leverage on STP/ECN can be offered subject to approval and on case to case bases based on balance, trade sizes and strategy assessments.
IronFX Offers
  • The tightest spreads in the market, starting from 0 pips
  • Over 120 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, Fifteen Platforms” in-house developed functionality designed to satisfy beginner, intermediate and professional traders
  • No margin required when hedging positions provided margin level > 100%