The required margin in iForex is up to 1:400.
But some of the Forex currency pairs may require more margins than normal.
Please refer to the below table.
|Forex currency pairs||Normal leverage||When margin is increased|
|For other Forex pairs||1:400||1:200|
The Increased Margin
iForex requires double the margin for Forex currency pairs around the weekends or holidays.
This is to avoid the risks caused by the market gaps which occurs every weekend.
This increased margin rate is applied from 2 hours before the market close time and 15 minutes after the market opens.
You may be required more margins around the time so you need to make sure that you have enough margin to support your positions.
Stop out level is 0%
iForex has set the stop out level to 0% where there is no positive balance in your account.
Being more margins are required doesn’t mean that the stop out triggers automatically due to the condition, but you may not be able to open a new positions if you don’t have enough margins.
Fixed spread for Forex currency pairs
iForex offers the fixed spread for all financial instruments including the Forex pairs.
With this fixed spread environment, you can hedge your positions perfectly without having risks of spread changes.
But please note that when the market volatility is extreme, iForex may increase the spread.
These spreads are fixed only when there is no extreme activity in the markets.
Leverage for CFDs and commodities
The required margin already varies in each Forex currency pairs though, iForex may require more margins for CFDs and commodities.
Some symbols require 10% of margin, which means the leverage is 1:10.
The current required margin is specified in the contract specifications in iForex official website.
Or you can also open a FXnet Trader Demo account, and see the current trading conditions.