IronFX: Online Trading Platform | CFDs & Forex Trading

Leverage in forex is a technique that allows traders to ‘borrow’ funds to gain greater exposure to the forex market with a relatively small initial deposit. One of the reasons so many people are attracted to trading forex compared to other financial instruments is that you can usually get much higher leverage with forex than you would with stocks for instance. However, leverage in trading can be a double-edged sword as it can magnify both profits and losses. What is leverage in forex? Leverage in forex is a way for traders to borrow capital to gain a larger exposure to the forex market. Basically, with a limited amount of capital, they can control a larger trade size. This can lead to bigger profits and losses as they are based on the full value of the position. Trading with leverage, which is also referred to as margin, means you can magnify profits if markets move in your favour. However, you can also lose all your capital if markets move against you. This is due to the fact th

Nowadays, traders can find numerous forex brokers with bonus and promotions . But what exactly is a forex bonus? It is an award given to clients by brokerages to thank them for choosing their company. It can also be described as a unique promotion that helps clients familiarise themselves with the company’s services and offering. It is also used to catch clients’ attention, boost their trading journey and attract new deposits. These bonuses and promotions differ from broker to broker and usually last for a short period of time. There are also some specific requirements that need to be met. Below are some of the most common limitations and rules regarding a bonus: Limited period of time to use a bonus Minimum trading volume to meet No withdrawal of bonus High trading activity required Register with an online broker Upload documents to verify your profile Deposit a specific amount of money Deposit bonuses: How do they work? Trading brokers with bonus enable t

A forex broker is a financial services company that enables traders to download and use a trading platform to exchange currencies or trade any other financial asset. As forex means foreign exchange, currencies are bought and sold within the forex market. The expression forex broker can also be used to refer to a currency trading broker or even retail forex broker. In fact, a broker connects the trader with the interbank system to provide you with the best possible price. How a CFDs broker works To start with, when traders trade forex, it means that they open a trade and buy a currency pair. When they close the trade, it means that they sell that currency pair. For instance, if traders want to exchange U.S dollars for Australian dollars, or in other words buy U.S dollars using Australian dollars, they will buy the USD/AUD pair. Similarly, once they close the trade, they will see the pair which means that they will buy Australian dollars with U.S dollars. The current exchange rate w