How to open IronFX's Forex and Crypto trading account?

How to open an account with IronFX?

IronFX offers a variety of trading accounts to suit your needs and trading style.

From live accounts to STP/ECN accounts, you can experience the benefits of each account on the industry-leading MT4 online trading platform.

After initial customer registration, you can open multiple additional accounts on the customer portal.

When selecting a transaction account type, please consider your wishes, transaction environment, and execution type when making a transaction.

To open an account with IronFX, you first need to sign up through the registration form below.

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Comparison of IronFX’s All Account Types

See the table below to see the list and comparison of IronFX’s all trading account types.

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Find the best trading account type

IronFX’s different trading account types each have their own characteristics. Depending on the inclination of each trader, each account will give you a different experience in the world of Forex trading. From professional traders to novice traders, from minimum margin to big funds, IronFX’s diverse trading accounts bring you one step closer to achieving your trading goals.

• All spreads are for reference only, please refer to customer terminal for actual real-time spreads.
• During night trading hours with high liquidity, spreads may be higher than those posted above.
• For Zero fixed spread accounts, the spread of major currency pairs can go up to 3 pips around midnight (server time 11pm-2am).
• During the midnight session, live fixed spreads (11 pm-2am, GMT + 2) change to live floating spreads.
• IronFX reserves the right to change its trading commission in a base currency other than USD without notice in order to maintain the exchange rate of the currency pair commissioned by using USD as the benchmark.

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Condition of IronFX’s Spread

Forex trading with low spreads and fixed spreads.

IronFX’s fixed spread trading account allows you to experience stable trading even in highly volatile markets. Install the MT4 trading platform and experience a trading environment that enables fast order execution. IronFX offers competitive spreads and a variety of trading accounts. Open a spread and trading account that’s right for you, and experience special trading.

Spread has many meanings in the financial world, but basically it refers to the difference between buying and selling a financial instrument. In trading, you can enter a buy or sell order by predicting the price of a particular financial market to rise or fall.

• Successful trading can be experienced when the trader closes and exceeds the spread cost due to volatility.
• Conversely, if the market stays within the range without going over the spread, your trade will not be successful.
• In CFD trading, spreads are one of the main trading costs.
• The lower the spread, the more profit opportunities the trader can experience.
• On the other hand, some markets offer transaction fees, fees and spreads or spreads as transaction costs.

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Buyer and seller

The spread also represents the price a borrower pays above the reference bond to borrow money. For example, if the base rate is 3% and the borrower takes out a mortgage at an interest rate of 5%, the spread is 2%.

Bid-ask price

Most commonly, a spread is the difference between the bid and demand price of a security or financial instrument, such as a stock or commodity. This is also known as the bid-ask spread.

Trading position

A spread represents the difference between a short or short position and a long or long position in a futures contract or currency pair.

Tight spread

In this field, a spread is the difference between what an entity pays an entity and the price an investor pays for a particular security, meaning that the price the underwriter pays to purchase a publication is compared to the price the underwriter sells publicly.

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What is Forex?

Trade Forex in the world’s major currencies on global markets.

Forex, also known as foreign exchange or FX, is the act of buying or selling one country’s currency in order to exchange it for another. The foreign exchange market is the most liquid market in the world, with $5 trillion traded per day.

Market refers to a network of people who buy, sell and transfer currencies at a predetermined price. These people can be businesses, banks or individuals. Forex means exchanging one currency for another. Traveling abroad and spending money is also a type of Forex trading.

Although most foreign exchange transactions have a specific purpose, some trade foreign exchange for profit. The sheer amount of currencies exchanged every day creates volatility in prices between currencies. Forex is very attractive to many traders because the higher the risk, the higher the return.

The forex market is a unique structure that operates without a central exchange. Instead, trading between traders around the world is done electronically through online rather than one central exchange. With around $4 trillion traded every day, the foreign exchange market is the most liquid market in the world. So you can trade in any currency as long as the market is open.

Forex markets are open 24 hours a day, 5 days a week, Monday through Friday, with foreign exchange markets opening in New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. So, depending on the time zone, some traders may trade in the US and some trade in Tokyo. Because of this, the forex market is always dynamic at any time of day and prices are constantly changing. Some assets cannot be traded for a while when their price plummets, but Forex always has someone to buy or sell.

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Buy or Sell Currency

All Forex trading transactions are made in the base currency and the counter currency. Taking EUR/USD as the most traded example, EUR is the base currency and USD is the counter currency.

If you look at the quotes displayed on the platform, you will see how many USD dollars per Euro. Two prices are displayed because one is the sell price and the other is the buy price. The difference between these two prices is called the spread. When you press the Buy or Sell button, you are selling or buying the first currency in the currency pair.

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Learn to trade with IronFX

Getting started with Forex trading doesn’t have to be burdensome. With proper preparation and planning, any novice trader can embark on a journey to potential success. It is important for novice traders to have a good understanding of the market and commodities before starting to trade. The better you prepare, the closer you will be to your goals. Familiarize yourself with the basics before moving on to more complex and advanced strategies and techniques.

Learn how to trade on IronFX’d Official Website

Start Forex Trading in 5 Simple Steps

For beginners, trading can seem complex and difficult to grasp. In order to become a successful trader, it is important to have a basic understanding of how Forex trading works and familiarize yourself with the contents of the trade. Below, take a look at the 5 steps you need to take before starting Forex trading for the first time.

1. Choose a currency pair

In Forex trading, currencies are always exchanged in pairs, as the value of one currency is exchanged for another. The first listed currency in a currency pair is called the base currency, and the second currency is called the counter currency. When you buy a currency pair, you buy the base currency and indirectly sell the counterpart currency. On the other hand, if you sell a currency pair, you are selling the base currency and buying the counterpart currency.

2. Select your currency pair and start trading forex

Every Forex trader who starts trading needs a trading strategy. The currency market is highly volatile and can change rapidly without notice, so nothing can be left to chance.

When strategizing, consider the following:

• Money and time management
• Start small
• Stay consistent
• Education
• Timing

3. Analyze the Market

Please do thorough research on the market before trading. Based on this research data, you can make rational decisions later. A variety of information and resources are available online or through brokers you are dealing with. By combining technical and fundamental analysis, you can infer the movements of various currencies, and by monitoring political and economic news daily, you can gain insight into historical patterns and potential future movements of currencies.

4. Sell or buy

Forex trading is about taking profits and reducing losses when the market moves in the opposite direction. Traders trade with the expectation that the value of a currency will rise or fall relative to another currency. It is important to note that if all goes as expected, you can profit from any exchange rate appreciation, but conversely, lose money if the exchange rate falls.

5. Order

In the volatile world of forex trading, understanding how to use orders to prepare for currency fluctuations is essential. An order here refers to stopping and limiting an order, which is how it will be executed automatically when the future price reaches the desired level predetermined by the trader. For example, you can use a stop loss order to manage risk and minimize losses. Similarly, you can use Take Profit to liquidate a trade at a price greater than the current market level.

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Experience a competitive CFD trading environment

Start dealing with a trusted broker with a multi-award-winning global reputation. IronFX offers a variety of services, including various trading accounts, low spreads, secure deposits and withdrawals, free VPS hosting, and research mobile apps.

Trading account type

Use IronFX’s unique trading accounts to meet your diverse needs, goals and trading styles. You can choose a trading account that suits your strategy. The 6 trading accounts are divided into 3 live accounts and 3 STP/ECN account types, offering the lowest spreads and floating spreads.

Compare account spreads

Strengthen your portfolio in a trading environment with abundant liquidity. IronFX offers the lowest spreads starting at 0 pips. When the market is not stable, consider using a fixed spread that does not fluctuate rapidly. A variety of spreads are available to suit your strategy.

Auto trade

Meet the next generation of trading, Mirror Trading, on AutoTrade. You can check the ranking of the most profitable traders and easily copy the strategies of the traders you want. You can easily start copy trading by requesting Autotrade access to your trading account.

Forex Trading Tools Widget

Enrich your trading experience with IronFX’s trading tools widget. A variety of widgets are available, from trading calculators for calculating profits to currency converters, pip calculators, margin calculators and more.

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What is CFD?

A Contract For Difference, or CFD, is a form of derivatives trading that allows traders to speculate on the everchanging price movements of instruments and assets in the global markets.

• CFD trading is the opposite of normal trading and does not sell or buy real assets or commodities.
• Instead, you take a short or long position by predicting the price movement of an asset or commodity.
• In order for a long position to make a profit, the price must rise. Conversely, the price of a commodity must fall in order to be profitable on a short position.
• A loss occurs when the price of a commodity decreases in a long position or when the price of a commodity rises in a short position.
• CFDs are leveraged products that allow you to take a position using only a portion of the price of the product to be traded as margin. This is called margin, and you can use it to maximize your profits or maximize your losses.

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Why trade IronFX?

Trading goals

IronFX wants to help you achieve your trading goals and potential as well as the best trading environment. Achieve your trading goals by using IronFX’s wide range of trading tools, trading accounts, training materials and market analysis.

Global operations

IronFX provides its customers with the world’s most competitive CFD trading environment based on IronFX’s international recognition and high service level.

Technology

IronFX has built a trading ecosystem through world-class online trading and financial investment solutions. IronFX provides an optimal trading environment for online traders and investors through the latest technology infrastructure.

Abundant liquidity

Abundant liquidity allows you to trade a wide range of financial instruments with flexible leverage and the lowest spreads and swaps. In addition, the safe protection of your trading funds is always IronFX’s top priority.

Trading goals

IronFX wants to help you achieve your trading goals and potential as well as the best trading environment. Achieve your trading goals by using IronFX’s wide range of trading tools, trading accounts, training materials and market analysis.

Global operations

IronFX provides its customers with the world’s most competitive CFD trading environment based on IronFX’s international recognition and high service level.

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Which Trading Strategies should you choose?

Give your trades wings with a successful Forex trading strategy.

Successful Forex trading requires a proven and well-thought-out trading strategy, also known as a trading plan, and clear rules to follow to control your risk. Use your strategy in Forex trading with IronFX and start trading successfully. Both novice and expert traders can create, test and implement trading strategies.

Forex trading strategies are techniques used by Forex traders to decide whether to buy or sell a currency pair at a specific point in time. Forex strategies can be built on the basis of technical or fundamental analysis and the release of economic indicators. One of these forex trading strategies is usually a signal to signal a buy or sell. It can be used online or developed by traders themselves.

Forex trading strategies used to generate signals can be manual or automatic. In the manual case, the trader installs it on a personal computer, looking for signals and deciding whether to buy or sell. In the automatic case, it refers to the development of algorithms that allow traders to track trading signals and execute their own trades.

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How to be successful in Forex?

Most traders rely on strategies that have not been sufficiently tested. Many traders often search the internet to find the strategy that works best for them, but in the end they find nothing. The best and only solution is to test your strategy yourself. Novice traders can also learn by copying the strategies of skilled and experienced traders.

Establishing a trading strategy is easy. You just need to set the right expectations and learn how to use some trading tools and indicators. Then you can go half way. However, it is unrealistic to believe that your first forex trading strategy will surely succeed. ‘Why do I still need to have a trading strategy?’ Or, you will come across several questions over and over, such as ‘Why don’t you just copy the trading strategies of successful traders?’ Traders can share their advice and approaches, but no trader can guarantee your success. Every trader is different, so combining different techniques or creating your own trading strategy will be the way to success.

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Learn all about Professional Trading with IronFX

IronFX is dedicated to helping IronFX’s clients become more successful and effective traders. Enhance your trading strategy with a wealth of advanced trading tools, educational materials and market analysis resources.

To become a professional trader, you need to master both the basics of trading and the advanced basics. Once you are familiar with these strategies, you can deepen your knowledge by finding proven strategies and gaining experience implementing them. Besides this, being realistic is also essential. There is no one perfect trading method or strategy that can be applied consistently. Learning to distinguish between correct and inaccurate information is also a way to become an effective trader.

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Trading basics

One of the first steps in forex trading is to have a solid understanding of the basics. You can learn the basics of trading from a trading book or from a well-known trading website. Basic things to know about trading usually include topics such as price fluctuations, order types and how to place an order, risk management, trading hours, how to monitor trade performance, and the funds you need to trade in an efficient manner.

In-depth course

After you have a solid understanding of the basics of trading, you can explore the markets as well as opportunities to explore different markets. Novice traders will be able to decide whether to trade forex, metals, futures, or any other commodity as they learn the basics. Once you have made these decisions, you can learn more about the commodity markets you are trading in. For example, traders interested in trading futures will need to learn about the checkpoints and trading conditions of each futures trade they can trade. Forex traders should familiarize themselves with pip values ​​and daily exchange rates. Forex trading and information websites, books, you can learn more topics and insights.

Advantages of IronFX’s Professional Education Trading

IronFX’s professional trading training consists of extensive support such as trading news, and market resources such as videos and guides to meet the needs of professional clients. You want to broaden your horizons and improve your forex trading skills.

With IronFX, you can identify trading opportunities in an efficient and effective way, implement your trading skills and strategies, and develop a deeper understanding of the factors that influence market movements. Thus, educated trading decisions increase the potential for a more successful trading journey and reduce risk.

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