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April 5, 2016

Question:What are the minimum/maximum trading size for FX pairs on FXnet Trader?

iFOREX - What's now?

We are no longer promoting iFOREX. The information regarding to iFOREX on the website 'Hercules.Finance' maybe outdated. ref. iFOREX

Answer:

The minimum trading size of Forex currency pairs starts from 1,500 units, which is 0.015 standard lots.

And the maximum trading size is 150,000,000 units, which is 1,500 standard lots in total in one currency pair.

So there is no maximum trading size for one order, but you can have up to 1,500 standard lots for one currency pairs in total.

But please note that the minimum/maximum trading lots condition varies in each Forex pairs.

Please refer to the below table.

Currency Pair Minimum trading size Maximum trading size in total
AUD, CAD, NZD pairs & SGD/JPY 3,000 15,000,000
CHF, EUR, USD pairs 2,500 15,000,000
EUR/CNH 2,500 1,000,000
DKK/JPY 15,000 75,000,000
EUR/INR&USD/INR 2,500 2,000,000
EUR/JPY 2,500 20,000,000
EUR/RUB 2,500 250,000
EUR/USD&USD/JPY 2,500 30,000,000
GBP pairs 1,500 10,000,000
GBP/USD 1,500 20,000,000
HKD/JPY 20,000 100,000,000
NOK pairs 20,000 75,000,000
PLN pairs 10,000 50,000,000
PLN/HUF 10,000 10,000,000
SEK/DKK 15,000 100,000,000
SEK/JPY 20,000 100,000,000
TRY/HUF 5,000 15,000,000
TRY/JPY 7,500 15,000,000
USD/CNH 2,500 1,000,000
USD/RUB 2,500 250,000
ZAR/JPY 35,000 1,000,000

Please note that the unit of numbers are $(unit).

*Generally speaking 100 JPY = $1

*The numbers above are subject to change at anytime.

Leverage difference for Forex

iForex offers up to 1:400 leverage though, the condition depends on the each Forex currency pair.

Please refer to the below table.

Forex currency pairs Required Margin Increased Margin
EUR/CNH 5% 10%
EUR/INR 2% 4%
EUR/RUB 2% 4%
CHF/TRY 0.5% 1%
EUR/TRY 0.5% 1%
GBP/TRY 0.5% 1%
TRY/HUF 0.5% 1%
TRY/JPY 0.5% 1%
USD/CNH 5% 10%
USD/INR 2% 4%
USD/RUB 2% 4%
USD/TRY 0.5% 1%
For other Forex pairs 0.25% 0.5%
The numbers above are subject to change at anytime.

What is the Increased Margin in iForex?

To moderate the risks of price gaps which occurs during weekends and holidays, iForex may require doubled margin for trading around that time.

The condition of increased margins are normally applied from when 2 hours before the market close and till 15 minute after the market open.

Fortunately, iForex does not set the stop out level regarding to the margin level in the accounts, but the stop out occurs when there is no positive balance in your account.

So the trading on the doubled margin does not directly affect the risks of stop out.

Fixed Spread ≠ No Slippage

iForex offers fixed spread for all financial instruments.

Thus you can easily calculate the commissions, and also perfectly hedge your account as you want. (not like the variable spread account)

But this does not mean that there is no slippage in the fixed spread account.

iForex may widen the spread if there is an extreme market activity.

There is no certain time set for this to occur but it may occur suddenly, so you need to make sure you have enough margin to support your positions at anytime.

More than 100 CFDS are offered

iForex offers Forex Currency Pairs, Stock CFDs, Commodities, Indices and Energies.

All these financial instruments are offered with fixed spread, and available for trading in one account.

As iForex offers only one account type, you will find all the available trading instruments after the account opening.

Not MT4, but FXnet Trader

iForex does not offer MT4 as a trading platform, but FXnet Trader.

FXnet Trader is similar to MT4 in terms of usability though, it is more advanced platform which offers even more variety of trading options an tools to traders.

You can use the FXnet Trader with smart phones(android, iOS), windows PC and on the web.

You can try out the platform with iForex demo account anytime for free.

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