Forex, Foreign Exchange, sometimes just FX, is the largest financial market in the world. Simply put, it is how individuals and businesses convert one currency to another. FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities, there’s no central exchange.
The flexibility of this market allows for a variety of operators to make use of it
Forex trading offers some of the best risk-reward opportunities in the financial markets 24 hours a day, five days a week.
Grab the chance to trade currency pairs, including majors, minors and exotics, with ultra-low spreads and fast execution.
Currency pair selection
IGM Forex gives you a short overview of currency trading.
Currency trading (often referred as Forex), is the act of buying and selling of currencies.
Currencies are always traded in pairs.
Forex market has the largest market trading volume in the world.
Below you can see examples of the most well-known currency pairs that we have to offer.
Global currencies, combined in pairs (for example, you can buy euros for dollars, trading EUR/USD)
EUR/USD GBP/USD USD/CHF USD/JPY USD/CAD AUD/USD NZD/USD EUR/GBP EUR/AUD EUR/CHF EUR/JPY GBP/AUD GBP/CHF GBP/JPY AUD/JPY CHF/JPY EUR/CAD
EUR/USD Euro/United States Dollar
USD/JPY United States Dollar/Japanese Yen
GBP/USD Great British Pound /United States Dollar
USD/CAD United States Dollar /Canadian Dollar
USD/CHF United States Dollar /Swiss Franc
AUD/USD Australian Dollar /United States Dollar
NZD/USD New Zealand Dollar /United States Dollar
When trading Forex (for example the EURUSD), the first currency EUR is called the ‘base currency’, which represents the direction and the second currency is called ‘counter or quote currency’ which indicates the profit or loss.
Trade CFDs on Stock Indices and take advantage of the different opportunities across the global markets. Get access to 15 major international stock indices and WTI with no commissions, no requotes and no hidden mark-ups.
What is a CFD?
Contracts for difference (CFDs) are a form of derivative trading that enable you to attempt to net a potential profit by speculating on the rising or falling prices of fast-moving global financial markets (or products) such as shares, indices, commodities, currencies and treasuries.
How do CFDs work?
There is no actual ownership of the underlying asset of reference. Since the product is not exchange traded, it is said to be traded over the counter (OTC). CFDs are traded on margin and can be sold short, making it possible to profit in falling markets. We offer CFDs on hundreds of global markets and you can buy or sell several units for a particular product or instrument depending on whether you think prices will go up or down. Our wide range of products includes, treasuries, currency pairs, commodities and stock indices, such as the DAX, which aggregates the price movements of all the stocks listed on the German respective stock index. For every point the price of the instrument moves in your favor, you gain multiples of the number of units you have bought or sold. For every point the price moves against you, you will make a loss.
Spot metals, such as gold (XAU) and silver (XAG) are tradable commodities offered on the IGM Forex platform at the best – of – market spreads and spot execution without having additional foreign exchange exposure.
Spot metals trading is similar to FX
Spot trading, like forex trading, is where investors take short or long positions, aiming to profit from fluctuations.
Trading is accessible 24 hours a day, 5 days a week. IGM Forex offers CFDs on spot metals, in both, USD and EUR. Only 5% & 10% margin required for spot metals.
Diversify your portfolio: Investors take advantage of spot trading as an emerging asset class in a bigger and well-balanced trading portfolio.
Hedging opportunities: Trading spot metals enhance opportunities for hedging in every liquid market, with investors gaining more exposure with limited risk.
Safe investment: Spot metal trading is considered to be a safe haven.