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Forex
Facts
Over 65 currency pairs
Tight spreads from 0.0 pips
Up to 1:500 leverage
Deep liquidity
Trade 24 hours a day,
five days a week
OPEN TRUE ECN ACCOUNT

Open 24 hours a day 7 days a week, the foreign exchange market is the largest and most liquid market in the world with volumes of over $4 trillion a day surpassing any exchange based market.

Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).

Forex Spreads

IC Markets offers Forex traders some of the tightest spreads out of all Forex exchange brokers globally with our EUR/USD spread averaging 0.1 pips. Tight spreads combined with our low latency enterprise grade hardware makes IC Markets the ideal choice for active day traders and those using Expert Advisors. The table at the bottom of this page shows our minimum and average spreads across all of the major currency pairs.

How does Forex
Trading work?

Forex trading is similar to trading shares or futures except that when trading foreign exchange you are buying or selling one currency against another and you do not take delivery of the underlying currency. One of the key advantages Forex has over other financial instruments is that relatively small lot sizes can be traded - lot sizes can be as small as 1000 units (one micro lot). Typically, foreign exchange also involves leverage which in some cases can be as high as 1:500, which is very different to trading shares where no leverage is involved.

Leverage allows traders to trade with more money than they actually have in their trading account. For example, if you had 1:100 leverage you could use a $1,000 deposit to control $100,000 worth of currency. Using leverage can result in an increase in gains, however, if not used correctly it can also result in increased losses.

Forex Trading Examples

Selling: EUR/USD
The gross profit on your trade is calculated as follows:
Opening Price
€200,000 x 1.33623 = USD $267,246
Closing Price
€200,000 x 1.33623 = USD $267,246
Gross Profit on Trade
$2988
Opening the Position
The price of the Euro against the US Dollar (EUR/USD) is 1.33623/1.33624 and you decide to sell 2 standard lots (the equivalent of €200,000) at 1.33623.
The value of your position is €200,000 x 1.33623 = USD $267,246. The leverage on your trading account is 1:100 therefore the margin required to open the position is USD $267,246 / 100 = USD $2,672.46.
Closing the Position
One week later the Euro has fallen against the US Dollar to 1.32128/1.32129 and you decide to take your profit by buying back 2 standard lots at 1.32129.

Spreads

Forex
Product
True ECN Account
SYMBOL
DESCRIPTION
MIN
AVG
MIN
AVG
EURUSD
Euro vs United States Dollar
0
0.1
1
1.1
True ECN Account
Standard Account
GBPUSD
British Pound vs United States Dollar
0
0.4
1
1.4
True ECN Account
Standard Account
USDJPY
United States Dollar vs Japanese Yen
0
0.2
1
1.2
True ECN Account
Standard Account
AUDUSD
Australian Dollar vs United States Dollar
0
0.2
1
1.2
True ECN Account
Standard Account
USDCAD
United States Dollar vs Canadian Dollar
0
0.5
1
1.5
True ECN Account
Standard Account
USDCHF
United States Dollar vs Swiss Franc
0
0.5
1
1.5
True ECN Account
Standard Account
AUDCAD
Australian Dollar vs Canadian Dollar
0
0.8
1
1.8
True ECN Account
Standard Account
AUDCHF
Australian Dollar vs Swiss Franc
0
0.8
1
1.8
True ECN Account
Standard Account
AUDJPY
Australian Dollar vs Japanese Yen
0
0.4
1
1.4
True ECN Account
Standard Account
AUDNZD
Australian Dollar vs New Zealand Dollar
0
0.8
1
1.8
True ECN Account
Standard Account
CADCHF
Canadian Dollar vs Swiss Franc
0
1.0
1
2.0
True ECN Account
Standard Account
EURCAD
Euro vs Canadian Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
CADJPY
Canadian Dollar vs Japanese Yen
0
0.6
1
1.6
True ECN Account
Standard Account
CHFJPY
Swiss Franc vs Japanese Yen
0
0.8
1
1.8
True ECN Account
Standard Account
EURAUD
Euro vs Australian Dollar
0
0.5
1
1.5
True ECN Account
Standard Account
EURCHF
Euro vs Swiss Franc
0
0.7
1
1.7
True ECN Account
Standard Account
EURGBP
Euro vs British Pound
0
0.4
1
1.4
True ECN Account
Standard Account
EURJPY
Euro vs Japanese Yen
0
0.3
1
1.3
True ECN Account
Standard Account
EURNZD
Euro vs New Zealand Dollar
0
1.3
1
2.3
True ECN Account
Standard Account
GBPAUD
British Pound vs Australian Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
GBPCAD
British Pound vs Canadian Dollar
0
1.5
1
2.5
True ECN Account
Standard Account
GBPCHF
British Pound vs Swiss Franc
0
0.6
1
1.6
True ECN Account
Standard Account
GBPJPY
British Pound vs Japanese Yen
0
0.8
1
1.8
True ECN Account
Standard Account
GBPNZD
British Pound vs New Zealand Dollar
0
3.4
1
4.4
True ECN Account
Standard Account
GBPTRY
British Pound vs Turkish Lira
0
19.8
1
20.8
True ECN Account
Standard Account
NZDCAD
New Zealand Dollar vs Canadian Dollar
0
1.3
1
2.3
True ECN Account
Standard Account
NZDCHF
New Zealand Dollar vs Swiss Franc
0
0.9
1
1.9
True ECN Account
Standard Account
NZDJPY
New Zealand Dollar vs Japanese Yen
0
0.7
1
1.7
True ECN Account
Standard Account
NZDUSD
New Zealand Dollar vs United States Dollar
0
0.4
1
1.4
True ECN Account
Standard Account
USDSGD
United States Dollar vs Singapore Dollar
0
0.3
1
1.3
True ECN Account
Standard Account
AUDSGD
Australian Dollar vs Singapore Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
CHFSGD
Swiss Franc vs Singapore Dollar
0
2.1
1
3.1
True ECN Account
Standard Account
EURDKK
Euro vs Danish Kroner
0
0.7
1
1.7
True ECN Account
Standard Account
EURHKD
Euro vs Hong Kong Dollar
0
3.3
1
4.3
True ECN Account
Standard Account
EURNOK
Euro vs Norwegian Kroner
0
7.0
1
8.0
True ECN Account
Standard Account
EURPLN
Euro vs Polish Zloty
0
3.6
1
4.6
True ECN Account
Standard Account
EURSEK
Euro vs Swedish Krona
0
4.7
1
5.7
True ECN Account
Standard Account
EURSGD
Euro vs Singapore Dollar
0
0.9
1
1.9
True ECN Account
Standard Account
EURTRY
Euro vs Turkish Lira
0
4.4
1
5.4
True ECN Account
Standard Account
EURZAR
Euro vs South African Rand
0
42.5
1
52.5
True ECN Account
Standard Account
GBPDKK
British Pound vs Danish Kroner
0
8.6
1
9.6
True ECN Account
Standard Account
GBPNOK
British Pound vs Norwegian Kroner
0
31.2
1
32.2
True ECN Account
Standard Account
GBPSEK
British Pound vs Swedish Krona
0
183
1
184
True ECN Account
Standard Account
GBPSGD
British Pound vs Singapore Dollar
0
1.6
1
2.6
True ECN Account
Standard Account
NOKJPY
Norwegian Kroner vs Japanese Yen
0
0.3
1
1.3
True ECN Account
Standard Account
NOKSEK
Norwegian Kroner vs Swedish Krona
0
1.2
1
2.2
True ECN Account
Standard Account
SEKJPY
Swedish Krona vs Japanese Yen
0
0.2
1
1.2
True ECN Account
Standard Account
SGDJPY
Singapore Dollar vs Japanese Yen
0
0.4
1
1.4
True ECN Account
Standard Account
USDCNH
United States Dollar vs Chinese RMB
0
0.9
1
1.9
True ECN Account
Standard Account
USDCZK
United States Dollar vs Czech Republic Koruna
0
44.5
1
54.5
True ECN Account
Standard Account
USDDKK
United States Dollar vs Danish Kroner
0
2.7
1
3.7
True ECN Account
Standard Account
USDHKD
United States Dollar vs Hong Kong Dollar
0
0.7
1
1.7
True ECN Account
Standard Account
USDHUF
United States Dollar vs Hungarian Forint
0
4.7
1
5.7
True ECN Account
Standard Account
USDMXN
United States Dollar vs Mexican Peso
0
28.4
1
29.4
True ECN Account
Standard Account
USDNOK
United States Dollar vs Norwegian Kroner
0
10.2
1
11.2
True ECN Account
Standard Account
USDPLN
United States Dollar vs Polish Zloty
0
4.7
1
5.7
True ECN Account
Standard Account
USDRUB
United States Dollar vs Russian Ruble
0
94.6
1
95.6
True ECN Account
Standard Account
USDSEK
United States Dollar vs Swedish Krona
0
8.2
1
9.2
True ECN Account
Standard Account
USDTHB
United States Dollar vs Thai Baht
0
33.7
1
43.7
True ECN Account
Standard Account
USDTRY
United States Dollar vs Turkish Lira
0
3.1
1
4.1
True ECN Account
Standard Account
USDZAR
United States Dollar vs South African Rand
0
23.9
1
24.9
True ECN Account
Standard Account
Product
True ECN Account
Standard Account
SYMBOL
DESCRIPTION
MIN
AVG
MIN
AVG
EURUSD
Euro vs United States Dollar
0
0.1
1
1.1
True ECN Account
Standard Account
GBPUSD
British Pound vs United States Dollar
0
0.4
1
1.4
True ECN Account
Standard Account
USDJPY
United States Dollar vs Japanese Yen
0
0.2
1
1.2
True ECN Account
Standard Account
AUDUSD
Australian Dollar vs United States Dollar
0
0.2
1
1.2
True ECN Account
Standard Account
USDCAD
United States Dollar vs Canadian Dollar
0
0.5
1
1.5
True ECN Account
Standard Account
USDCHF
United States Dollar vs Swiss Franc
0
0.5
1
1.5
True ECN Account
Standard Account
AUDCAD
Australian Dollar vs Canadian Dollar
0
0.8
1
1.8
True ECN Account
Standard Account
AUDCHF
Australian Dollar vs Swiss Franc
0
0.8
1
1.8
True ECN Account
Standard Account
AUDJPY
Australian Dollar vs Japanese Yen
0
0.4
1
1.4
True ECN Account
Standard Account
AUDNZD
Australian Dollar vs New Zealand Dollar
0
0.8
1
1.8
True ECN Account
Standard Account
CADCHF
Canadian Dollar vs Swiss Franc
0
1.0
1
2.0
True ECN Account
Standard Account
EURCAD
Euro vs Canadian Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
CADJPY
Canadian Dollar vs Japanese Yen
0
0.6
1
1.6
True ECN Account
Standard Account
CHFJPY
Swiss Franc vs Japanese Yen
0
0.8
1
1.8
True ECN Account
Standard Account
EURAUD
Euro vs Australian Dollar
0
0.5
1
1.5
True ECN Account
Standard Account
EURCHF
Euro vs Swiss Franc
0
0.7
1
1.7
True ECN Account
Standard Account
EURGBP
Euro vs British Pound
0
0.4
1
1.4
True ECN Account
Standard Account
EURJPY
Euro vs Japanese Yen
0
0.3
1
1.3
True ECN Account
Standard Account
EURNZD
Euro vs New Zealand Dollar
0
1.3
1
2.3
True ECN Account
Standard Account
GBPAUD
British Pound vs Australian Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
GBPCAD
British Pound vs Canadian Dollar
0
1.5
1
2.5
True ECN Account
Standard Account
GBPCHF
British Pound vs Swiss Franc
0
0.6
1
1.6
True ECN Account
Standard Account
GBPJPY
British Pound vs Japanese Yen
0
0.8
1
1.8
True ECN Account
Standard Account
GBPNZD
British Pound vs New Zealand Dollar
0
3.4
1
4.4
True ECN Account
Standard Account
GBPTRY
British Pound vs Turkish Lira
0
19.8
1
20.8
True ECN Account
Standard Account
NZDCAD
New Zealand Dollar vs Canadian Dollar
0
1.3
1
2.3
True ECN Account
Standard Account
NZDCHF
New Zealand Dollar vs Swiss Franc
0
0.9
1
1.9
True ECN Account
Standard Account
NZDJPY
New Zealand Dollar vs Japanese Yen
0
0.7
1
1.7
True ECN Account
Standard Account
NZDUSD
New Zealand Dollar vs United States Dollar
0
0.4
1
1.4
True ECN Account
Standard Account
USDSGD
United States Dollar vs Singapore Dollar
0
0.3
1
1.3
True ECN Account
Standard Account
AUDSGD
Australian Dollar vs Singapore Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
CHFSGD
Swiss Franc vs Singapore Dollar
0
2.1
1
3.1
True ECN Account
Standard Account
EURDKK
Euro vs Danish Kroner
0
0.7
1
1.7
True ECN Account
Standard Account
EURHKD
Euro vs Hong Kong Dollar
0
3.3
1
4.3
True ECN Account
Standard Account
EURNOK
Euro vs Norwegian Kroner
0
7.0
1
8.0
True ECN Account
Standard Account
EURPLN
Euro vs Polish Zloty
0
3.6
1
4.6
True ECN Account
Standard Account
EURSEK
Euro vs Swedish Krona
0
4.7
1
5.7
True ECN Account
Standard Account
EURSGD
Euro vs Singapore Dollar
0
0.9
1
1.9
True ECN Account
Standard Account
EURTRY
Euro vs Turkish Lira
0
4.4
1
5.4
True ECN Account
Standard Account
EURZAR
Euro vs South African Rand
0
42.5
1
52.5
True ECN Account
Standard Account
GBPDKK
British Pound vs Danish Kroner
0
8.6
1
9.6
True ECN Account
Standard Account
GBPNOK
British Pound vs Norwegian Kroner
0
31.2
1
32.2
True ECN Account
Standard Account
GBPSEK
British Pound vs Swedish Krona
0
183
1
184
True ECN Account
Standard Account
GBPSGD
British Pound vs Singapore Dollar
0
1.6
1
2.6
True ECN Account
Standard Account
NOKJPY
Norwegian Kroner vs Japanese Yen
0
0.3
1
1.3
True ECN Account
Standard Account
NOKSEK
Norwegian Kroner vs Swedish Krona
0
1.2
1
2.2
True ECN Account
Standard Account
SEKJPY
Swedish Krona vs Japanese Yen
0
0.2
1
1.2
True ECN Account
Standard Account
SGDJPY
Singapore Dollar vs Japanese Yen
0
0.4
1
1.4
True ECN Account
Standard Account
USDCNH
United States Dollar vs Chinese RMB
0
0.9
1
1.9
True ECN Account
Standard Account
USDCZK
United States Dollar vs Czech Republic Koruna
0
44.5
1
54.5
True ECN Account
Standard Account
USDDKK
United States Dollar vs Danish Kroner
0
2.7
1
3.7
True ECN Account
Standard Account
USDHKD
United States Dollar vs Hong Kong Dollar
0
0.7
1
1.7
True ECN Account
Standard Account
USDHUF
United States Dollar vs Hungarian Forint
0
4.7
1
5.7
True ECN Account
Standard Account
USDMXN
United States Dollar vs Mexican Peso
0
28.4
1
29.4
True ECN Account
Standard Account
USDNOK
United States Dollar vs Norwegian Kroner
0
10.2
1
11.2
True ECN Account
Standard Account
USDPLN
United States Dollar vs Polish Zloty
0
4.7
1
5.7
True ECN Account
Standard Account
USDRUB
United States Dollar vs Russian Ruble
0
94.6
1
95.6
True ECN Account
Standard Account
USDSEK
United States Dollar vs Swedish Krona
0
8.2
1
9.2
True ECN Account
Standard Account
USDTHB
United States Dollar vs Thai Baht
0
33.7
1
43.7
True ECN Account
Standard Account
USDTRY
United States Dollar vs Turkish Lira
0
3.1
1
4.1
True ECN Account
Standard Account
USDZAR
United States Dollar vs South African Rand
0
23.9
1
24.9
True ECN Account
Standard Account
Product
True ECN Account
Standard Account
SYMBOL
DESCRIPTION
MIN
AVG
MIN
AVG
EURUSD
Euro vs United States Dollar
0
0.1
1
1.1
True ECN Account
Standard Account
GBPUSD
British Pound vs United States Dollar
0
0.4
1
1.4
True ECN Account
Standard Account
USDJPY
United States Dollar vs Japanese Yen
0
0.2
1
1.2
True ECN Account
Standard Account
AUDUSD
Australian Dollar vs United States Dollar
0
0.2
1
1.2
True ECN Account
Standard Account
USDCAD
United States Dollar vs Canadian Dollar
0
0.5
1
1.5
True ECN Account
Standard Account
USDCHF
United States Dollar vs Swiss Franc
0
0.5
1
1.5
True ECN Account
Standard Account
AUDCAD
Australian Dollar vs Canadian Dollar
0
0.8
1
1.8
True ECN Account
Standard Account
AUDCHF
Australian Dollar vs Swiss Franc
0
0.8
1
1.8
True ECN Account
Standard Account
AUDJPY
Australian Dollar vs Japanese Yen
0
0.4
1
1.4
True ECN Account
Standard Account
AUDNZD
Australian Dollar vs New Zealand Dollar
0
0.8
1
1.8
True ECN Account
Standard Account
CADCHF
Canadian Dollar vs Swiss Franc
0
1.0
1
2.0
True ECN Account
Standard Account
EURCAD
Euro vs Canadian Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
CADJPY
Canadian Dollar vs Japanese Yen
0
0.6
1
1.6
True ECN Account
Standard Account
CHFJPY
Swiss Franc vs Japanese Yen
0
0.8
1
1.8
True ECN Account
Standard Account
EURAUD
Euro vs Australian Dollar
0
0.5
1
1.5
True ECN Account
Standard Account
EURCHF
Euro vs Swiss Franc
0
0.7
1
1.7
True ECN Account
Standard Account
EURGBP
Euro vs British Pound
0
0.4
1
1.4
True ECN Account
Standard Account
EURJPY
Euro vs Japanese Yen
0
0.3
1
1.3
True ECN Account
Standard Account
EURNZD
Euro vs New Zealand Dollar
0
1.3
1
2.3
True ECN Account
Standard Account
GBPAUD
British Pound vs Australian Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
GBPCAD
British Pound vs Canadian Dollar
0
1.5
1
2.5
True ECN Account
Standard Account
GBPCHF
British Pound vs Swiss Franc
0
0.6
1
1.6
True ECN Account
Standard Account
GBPJPY
British Pound vs Japanese Yen
0
0.8
1
1.8
True ECN Account
Standard Account
GBPNZD
British Pound vs New Zealand Dollar
0
3.4
1
4.4
True ECN Account
Standard Account
GBPTRY
British Pound vs Turkish Lira
0
19.8
1
20.8
True ECN Account
Standard Account
NZDCAD
New Zealand Dollar vs Canadian Dollar
0
1.3
1
2.3
True ECN Account
Standard Account
NZDCHF
New Zealand Dollar vs Swiss Franc
0
0.9
1
1.9
True ECN Account
Standard Account
NZDJPY
New Zealand Dollar vs Japanese Yen
0
0.7
1
1.7
True ECN Account
Standard Account
NZDUSD
New Zealand Dollar vs United States Dollar
0
0.4
1
1.4
True ECN Account
Standard Account
USDSGD
United States Dollar vs Singapore Dollar
0
0.3
1
1.3
True ECN Account
Standard Account
AUDSGD
Australian Dollar vs Singapore Dollar
0
1.1
1
2.1
True ECN Account
Standard Account
CHFSGD
Swiss Franc vs Singapore Dollar
0
2.1
1
3.1
True ECN Account
Standard Account
EURDKK
Euro vs Danish Kroner
0
0.7
1
1.7
True ECN Account
Standard Account
EURHKD
Euro vs Hong Kong Dollar
0
3.3
1
4.3
True ECN Account
Standard Account
EURNOK
Euro vs Norwegian Kroner
0
7.0
1
8.0
True ECN Account
Standard Account
EURPLN
Euro vs Polish Zloty
0
3.6
1
4.6
True ECN Account
Standard Account
EURSEK
Euro vs Swedish Krona
0
4.7
1
5.7
True ECN Account
Standard Account
EURSGD
Euro vs Singapore Dollar
0
0.9
1
1.9
True ECN Account
Standard Account
EURTRY
Euro vs Turkish Lira
0
4.4
1
5.4
True ECN Account
Standard Account
EURZAR
Euro vs South African Rand
0
42.5
1
52.5
True ECN Account
Standard Account
GBPDKK
British Pound vs Danish Kroner
0
8.6
1
9.6
True ECN Account
Standard Account
GBPNOK
British Pound vs Norwegian Kroner
0
31.2
1
32.2
True ECN Account
Standard Account
GBPSEK
British Pound vs Swedish Krona
0
183
1
184
True ECN Account
Standard Account
GBPSGD
British Pound vs Singapore Dollar
0
1.6
1
2.6
True ECN Account
Standard Account
NOKJPY
Norwegian Kroner vs Japanese Yen
0
0.3
1
1.3
True ECN Account
Standard Account
NOKSEK
Norwegian Kroner vs Swedish Krona
0
1.2
1
2.2
True ECN Account
Standard Account
SEKJPY
Swedish Krona vs Japanese Yen
0
0.2
1
1.2
True ECN Account
Standard Account
SGDJPY
Singapore Dollar vs Japanese Yen
0
0.4
1
1.4
True ECN Account
Standard Account
USDCNH
United States Dollar vs Chinese RMB
0
0.9
1
1.9
True ECN Account
Standard Account
USDCZK
United States Dollar vs Czech Republic Koruna
0
44.5
1
54.5
True ECN Account
Standard Account
USDDKK
United States Dollar vs Danish Kroner
0
2.7
1
3.7
True ECN Account
Standard Account
USDHKD
United States Dollar vs Hong Kong Dollar
0
0.7
1
1.7
True ECN Account
Standard Account
USDHUF
United States Dollar vs Hungarian Forint
0
4.7
1
5.7
True ECN Account
Standard Account
USDMXN
United States Dollar vs Mexican Peso
0
28.4
1
29.4
True ECN Account
Standard Account
USDNOK
United States Dollar vs Norwegian Kroner
0
10.2
1
11.2
True ECN Account
Standard Account
USDPLN
United States Dollar vs Polish Zloty
0
4.7
1
5.7
True ECN Account
Standard Account
USDRUB
United States Dollar vs Russian Ruble
0
94.6
1
95.6
True ECN Account
Standard Account
USDSEK
United States Dollar vs Swedish Krona
0
8.2
1
9.2
True ECN Account
Standard Account
USDTHB
United States Dollar vs Thai Baht
0
33.7
1
43.7
True ECN Account
Standard Account
USDTRY
United States Dollar vs Turkish Lira
0
3.1
1
4.1
True ECN Account
Standard Account
USDZAR
United States Dollar vs South African Rand
0
23.9
1
24.9
True ECN Account
Standard Account
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