description
Trading

Forex

The Forex market is the largest, most liquid market in the world with an average traded volume exceeding $1.9 trillion per day and includes all of the world currencies.

Trading Hours
Trading Hours

IamFX's trading desk is open 24 hours daily from 22:15 GMT+1 Sunday through 22:00 GMT+1 Friday.

Account Denomination Currencies
Account Denomination Currencies

USD, EUR, GBP, AUD, CAD, HKD, JPY, CHF

Execution Spreads
Execution Spreads

IamFX offers pip raw interbank spreads, which may approach 0 pip on the more widely traded pairs on a variable pricing structure. As a result of our Straight Through Processing technology, the spreads vary, which includes times of high market volatility, before and after major economic releases, and following other important news and events. Spreads and liquidity will reflect the prevailing interbank market liquidity.

Currency Pairs IamFX currently offers 24 hour trading in the following pairs:
USD/CHF USD/CAD GBP/CHF NZD/JPY AUD/CHF USD/NOK
GBP/USD EUR/GBP CHF/JPY GBP/CAD EUR/NZD EUR/SEK
USD/JPY EUR/JPY AUD/CAD GBP/NZD USD/ZAR EUR/NOK
EUR/USD GBP/JPY CAD/JPY GBP/AUD USD/SGD NZD/USD
EUR/CHF EUR/CAD AUD/JPY USD/SEK EUR/DKK CAD/CHF
AUD/USD EUR/AUD AUD/NZD USD/DKK USD/HKD EUR/HUF
EUR/TRY NZD/CHF USD/HUF USD/CZK USD/TRY CHF/PLN
EUR/CZK EUR/PLN GBP/PLN USD/PLN NZD/CAD

If you do not see the currency pair you would like to trade in the above list, please feel free to contact us about adding it to our portfolio.

All IamFX currency pairs have a suffix "iam" (for example EURUSDiam). In order to view all available currency pairs in the Market Watch window inside the Metatrader trading platform, just move your mouse cursor inside the Metatrader over the currency pairs located in the Market Watch window, right click your mouse on any of the currency pair symbols and select "Show All" from the popup menu.

Trading Minimums
Trading Minimums Micro Account

Minimum transaction size for micro accounts is 1/100th standard sized lot (.01), or 1,000 units of the base currency, with a minimum margin deposit of 1.0% (100:1 leverage). For example, a US $1,000 USD position would require an initial margin deposit of US $10 USD. The minimum deposit for a Micro Account is $100 USD.

Standard Accounts

Minimum transaction size for standard accounts is 1/100th standard sized lot (.01), or 1,000 units of the base currency, with a minimum margin deposit of 1.0% (100:1 leverage). For example, a US $1,000 USD position would require an initial margin deposit of US $10 USD. The minimum deposit for a Standard Account is $2,500 USD.

Institutional Accounts

Minimum transaction size for institutional accounts is 1/10th standard sized lot (.10), or 10,000 units of the base currency, with a minimum margin deposit of 1.0% (100:1 leverage). For example, a US $10,000 USD position would require an initial margin deposit of US $100 USD. The minimum deposit for an Institutional Account is $50,000 USD.

account types
Price Quotes
Price Quotes

Trades are quoted via transparent "Straight Through Processing"; live prices are continuously published to clients via our trading platform, and traders can at any time click on the current bid or offer and execute a market trade. Trades are executed via "Market Execution" and the prices are updated automatically as market conditions dictate.

Rollovers
Rollovers

IamFX clients have the opportunity to earn interest on positions left open overnight at all margin levels. The amount of interest that can be earned depends on the direction of the open position and the interest rate differential between the two currencies involved. For example, UK interest rates are significantly higher than Japan's, so if a trader is long GBP/JPY (i.e. holding British Pounds), they can earn interest on the roll. Conversely, if a trader is short GBP/JPY (i.e. holding yen) they will pay interest on the rollover.

Confirmations
Confirmations

Trades are confirmed on screen, typically within one second. Full transaction details may be accessed on screen as well, including date, time, rate, and notional amount bought and sold, USD value, and reference number.

Trading over the Internet
Trading over the Internet

IamFX offers its clients a simple procedure for executing a trade. Through our trading platform, just enter the number of lots and then click on the bid (buy) or offer (sell) for the currency pair you wish to trade. Your trade is automatically executed. The trading software calculates the initial margin requirement based upon the notional amount of the trade, and if sufficient funds are available in your account, will accept the transaction. Trades are confirmed online, normally within one second, and the system instantaneously updates both your open position and calculates your current P&L. Please note: all pending orders will be placed using margin rates of 100:1 leverage.

Daily Housekeeping
Daily Housekeeping

Daily Housekeeping will occur each evening at 1700ET and will last approximately 5 minutes. During that time, back office staff will conduct daily rolls and important system maintenance tasks will be performed. Online trading MAY be unavailable, but we will do our best to keep it available.

Reporting
Reporting

The trading software tracks all trading activity in real time, allowing clients to view current open positions, real-time profit and loss, margin availability, account balances, and all historical transaction details directly on-screen.

margin
margin

The maximum available margin is .25%, or 400:1 leverage for Micro accounts. Standard accounts can trade with .50%, or 200:1 leverage. Institutional accounts can trade with 100:1 leverage. IamFX Traders have the option of using a lower degree of leverage upon request. If maximum leverage is employed, traders must maintain the minimum margin requirement on their open positions at all times. It is the customer's responsibility to monitor his/her margin account balance. IamFX has the right to liquidate any or all open positions whenever a trader's minimum margin requirement is not maintained.

This is an important risk management feature designed to strictly limit trading losses in an account. The minimum margin requirement is approximately $25 per lot of 10,000 units of base currency in a standard account with 400:1 leverage. The requirements for leverage may vary with account size or market conditions, and may be changed from time to time at the sole discretion of IamFX or upon request. Note: margin cannot be changed while holding open positions.

Account Statements
Account Statements

Customer account statements are provided online in the "Account History" section of the trading platform. Reports may be generated for any date range, and printed or saved for future reference. For more information on the available reports, please access the "Help" tab on the Metatrader trading platform.

Funding Your Account
Funding Your Account
Wire Transfer

The easiest and most efficient method to fund your account. Funds are typically received by IamFX within 1-2 business days. All wire transfers should include the client's name and account number in the reference section of the wire. Please be sure that the beneficiary is listed.

You can find more information about IamFX Account Funding options in your IamFX customer area.

Credit & Debit Cards Credit & Debit Cards

Mastercard, Visa, American Express and Discover Card.

Moneybookers Skrill

Make convenient payments with your existing Skrill account.

China UnionPay China UnionPay

Make convenient payments with China UnionPay.

instabill instabill

Make convenient payments with your existing Instabill account.

netweller netweller

Make convenient payments with your existing Netweller account.

Withdrawal Requests
Withdrawal Requests

Withdrawal requests are processed within two (2) business days of receipt. Withdrawal requests via wire transfer will incur a $24 USD fee or equivalent in other currency.

Order Types
Market Orders Market Orders

Market Orders are the most common type of order. A market order is used when you want to execute an order immediately at the market price, which is either the displayed bid or ask price on the screen. You can use the Market Order to enter a new position (long or short) or to exit an existing position (buy or sell). When on the order platform, "Type" will read "Market Execution".

Associated Orders Associated Orders

Associated Orders are either entry orders or open position that have a stop loss and/or a limit order (take profit) attached to the position. For example: you buy 1 lot of EUR/USD and place a stop loss and limit order (take profit). These two orders are associated to the EUR/USD position. Note: on the IamFX Metatrader 4 trading platform, if you were to close the EUR/USD position prior to the associated order being executed, they will automatically cancel which is an efficient advantage during trading.