Forex is short for the foreign exchange market and is often called FX which is defined as the buying of one currency against the selling of the other.

FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities, there’s no central exchange.

Why Trade Currencies?

The most-traded market in the world with a daily volume of $4.8 trillion as of January 2015, tight spreads/lightning-fast execution the forex market presents many trading opportunities in rising and falling market price.

Forex is known to be the most common form of online trading and at IGM Forex Ltd we offer you most of the favourite currency pairs tradable on your customizable MT5 platform.

  • Major currency pairs are the most liquid pairs to trade which include the US Dollar. Such as the EUR/USD and the USD/JPY
  • Minor currency pairs do not have the USD and are known as crosses. Such as the EUR/GBP or the EUR/JPY.
  • Exotic currency pairs can also be traded with us such as the USD/NOK. These currency pairs are made up of a major currency pair coupled with the currency of a developing economy.

Available currency pairs:

  • Major Pairs
Instrument Leverage Stop out Level Minimum Trade Size Contract size per lot Tick Value (1 lot) Decimal Places Trading Hours (GMT+2)
EUR/USD 1:30 50.0% 0.01 100,000 1 USD 0.00001 00:00-24:00
GBP/USD 1:30 50.0% 0.01 100,000 1 USD 0.00001 00:00-24:00
USD/JPY 1:30 50.0% 0.01 100,000 100 JPY 0.01 00:00-24:00
USD/CAD 1:30 50.0% 0.01 100,000 1 CAD 0.00001 00:00-24:00
USD/CHF 1:30 50.0% 0.01 100,000 1 CHF 0.00001 00:00-24:00
AUD/USD 1:20 50.0% 0.01 100,000 1 USD 0.00001 00:00-24:00
NZD/USD 1:20 50.0% 0.01 100,000 1 USD 0.00001 00:00-24:00

 

  • Exotic Pairs:
Instrument Leverage Stop out Level Min Trade Size Contract size per lot Tick Value (1 lot) Decimal Places Trading Hours (GMT +2)
USD/PLN 1:20 50.0% 0.01 100,000 1 PLN 0.00001 00:02-23:59
USD/RUB 1:20 50.0% 0.01 100,000 1 RUB 0.0001 10:00-23:59
USD/TRY 1:20 50.0% 0.01 100,000 1 TRY 0.00001 00:02-23:59
USD/ZAR 1:20 50.0% 0.01 100,000 1 ZAR 0.00001 00:02-23:59

 

  • Minor Pairs
Instrument Leverage Stop out Level Minimum Trade Size Contract size per lot Tick Value (1 lot) Decimal Places Trading Hours (GMT+2)
AUD/CAD 1:20 50.0% 0.01 100,000 1 CAD 0.00001 00:02-24:00
AUD/CHF 1:20 50.0% 0.01 100,000 1 CHF 0.00001 00:02-24:00
AUD/JPY 1:20 50.0% 0.01 100,000 100 JPY 0.01 00:02-24:00
AUD/NZD 1:20 50.0% 0.01 100,000 1 NZD 0.00001 00:02-24:00
CAD/CHF 1:30 50.0% 0.01 100,000 1 CHF 0.00001 00:02-24:00
CAD/JPY 1:30 50.0% 0.01 100,000 100 JPY 0.01 00:02-24:00
CHF/JPY 1:30 50.0% 0.01 100,000 100 JPY 0.01 00:02-24:00
EUR/AUD 1:20 50.0% 0.01 100,000 1 AUD 0.00001 00:02-24:00
EUR/CAD 1:30 50.0% 0.01 100,000 1 CAD 0.00001 00:02-24:00
EUR/CHF 1:30 50.0% 0.01 100,000 1 CHF 0.00001 00:02-24:00
EUR/GBP 1:30 50.0% 0.01 100,000 1 GBP 0.00001 00:02-24:00
EUR/JPY 1:30 50.0% 0.01 100,000 100 JPY 0.01 00:02-24:00
EUR/NZD 1:20 50.0% 0.01 100,000 1 NZD 0.00001 00:02-24:00
GBP/AUD 1:20 50.0% 0.01 100,000 1 AUD 0.00001 00:02-24:00
GBP/CAD 1:30 50.0% 0.01 100,000 1 CAD 0.00001 00:02-24:00
GBP/CHF 1:30 50.0% 0.01 100,000 1 CHF 0.00001 00:02-24:00
GBP/JPY 1:30 50.0% 0.01 100,000 100 JPY 0.01 00:02-24:00
GBP/NZD 1:20 50.0% 0.01 100,000 1 NZD 0.00001 00:02-24:00
NZD/CAD 1:20 50.0% 0.01 100,000 1 CAD 0.00001 00:02-24:00
NZD/CHF 1:20 50.0% 0.01 100,000 1 CHF 0.00001 00:02-24:00
NZD/JPY 1:20 50.0% 0.01 100,000 100 JPY 0.01 00:02-24:00