Forex

The IB Markets Forex offering is one of the most competitive in the world. Access the world’s largest and most liquid market with True ECN spreads starting from 0.0 pips.

Open 24 hours a day 5 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

IB 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 IB 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.



Accounts

Free Trial

Projects

SSL

Storage

Domains

Facts

FOREX

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

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 Example

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 1.32129 = USD $264,258

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.

FOREX SPREADS

SYMBOLDESCRIPTIONTrue ECN Account - MINTrue ECN Account - AVGStandard Account - MINStandard Account - AVG
EURUSDEuro vs United States Dollar00.111.1
GBPUSDBritish Pound vs United States Dollar00.411.4
USDJPYUnited States Dollar vs Japanese Yen00.211.2
AUDUSDAustralian Dollar vs United States Dollar00.211.2
USDCADUnited States Dollar vs Canadian Dollar00.511.5
USDCHFUnited States Dollar vs Swiss Franc00.511.5
AUDCADAustralian Dollar vs Canadian Dollar00.811.8
AUDCHFAustralian Dollar vs Swiss Franc00.811.8
AUDJPYAustralian Dollar vs Japanese Yen00.411.4
AUDNZDAustralian Dollar vs New Zealand Dollar00.811.8
CADCHFCanadian Dollar vs Swiss Franc0112
EURCADEuro vs Canadian Dollar01.112.1
CADJPYCanadian Dollar vs Japanese Yen00.611.6
CHFJPYSwiss Franc vs Japanese Yen00.811.8
EURAUDEuro vs Australian Dollar00.511.5
EURCHFEuro vs Swiss Franc00.711.7
EURGBPEuro vs British Pound00.411.4
EURJPYEuro vs Japanese Yen00.311.3
EURNZDEuro vs New Zealand Dollar01.312.3
GBPAUDBritish Pound vs Australian Dollar01.112.1
GBPCADBritish Pound vs Canadian Dollar01.512.5
GBPCHFBritish Pound vs Swiss Franc00.611.6
GBPJPYBritish Pound vs Japanese Yen00.811.8
GBPNZDBritish Pound vs New Zealand Dollar03.414.4
GBPTRYBritish Pound vs Turkish Lira019.8120.8
NZDCADNew Zealand Dollar vs Canadian Dollar01.312.3
NZDCHFNew Zealand Dollar vs Swiss Franc00.911.9
NZDJPYNew Zealand Dollar vs Japanese Yen00.711.7
NZDUSDNew Zealand Dollar vs United States Dollar00.411.4
USDSGDUnited States Dollar vs Singapore Dollar00.311.3
AUDSGDAustralian Dollar vs Singapore Dollar01.112.1
CHFSGDSwiss Franc vs Singapore Dollar02.113.1
EURDKKEuro vs Danish Kroner00.711.7
EURHKDEuro vs Hong Kong Dollar03.314.3
EURNOKEuro vs Norwegian Kroner0718
EURPLNEuro vs Polish Zloty03.614.6
EURSEKEuro vs Swedish Krona04.715.7
EURSGDEuro vs Singapore Dollar00.911.9
EURTRYEuro vs Turkish Lira04.415.4
EURZAREuro vs South African Rand042.5152.5
GBPDKKBritish Pound vs Danish Kroner08.619.6
GBPNOKBritish Pound vs Norwegian Kroner031.2132.2
GBPSEKBritish Pound vs Swedish Krona01831184
GBPSGDBritish Pound vs Singapore Dollar01.612.6
NOKJPYNorwegian Kroner vs Japanese Yen00.311.3
NOKSEKNorwegian Kroner vs Swedish Krona01.212.2
SEKJPYSwedish Krona vs Japanese Yen00.211.2
SGDJPYSingapore Dollar vs Japanese Yen00.411.4
USDCNHUnited States Dollar vs Chinese RMB00.911.9
USDCZKUnited States Dollar vs Czech Republic Koruna044.5154.5
USDDKKUnited States Dollar vs Danish Kroner02.713.7
USDHKDUnited States Dollar vs Hong Kong Dollar00.711.7
USDHUFUnited States Dollar vs Hungarian Forint04.715.7
USDMXNUnited States Dollar vs Mexican Peso028.4129.4
USDNOKUnited States Dollar vs Norwegian Kroner010.2111.2
USDPLNUnited States Dollar vs Polish Zloty04.715.7
USDRUBUnited States Dollar vs Russian Ruble094.6195.6
USDSEKUnited States Dollar vs Swedish Krona08.219.2
USDTHBUnited States Dollar vs Thai Baht033.7143.7
USDTRYUnited States Dollar vs Turkish Lira025126
USDZARUnited States Dollar vs South African Rand023.9124.9

Refer and earn with
a market-leading True ECN broker

Contact Us

24/7 Support

UNIT 01, 82/F INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD, WEST KOWLOON, Hong Kong2

Client Login
English