There are myriad ways to trade in today’s world, but Contract for Difference (CFD) trading is one of the most widely used. It is a derivative that allows you to speculate on the price movements of various underlying assets without owning them. IronFX is one of the brokers that provide CFD trading services to investors globally. In this guide, we will cover everything you need to know about ironfx cfd trading.
What is Ironfx cfd trading?
IronFX is a global broker that provides online trading services in forex, CFDs on commodities, metals, indices, and cryptocurrencies. IronFX CFDs can be traded on the MT4 and MT5 trading platforms, both of which offer advanced analytics and trading tools. CFD stands for Contract for Difference and in simple terms, it’s a financial contract between two parties, namely the buyer and the seller, which allows them to exchange the difference in the price of a particular asset at the beginning and end of the contract.
Trading Platform
IronFX offers both the MT4 and MT5 trading platforms that come with advanced analytical tools, indicators, and Expert Advisors (EA) functionality. These platforms are user-friendly and compatible with IOS, Android, and Windows devices. Traders can use an unlimited amount of charts and technical indicators to analyze the markets and make trading decisions quickly. With IronFX, you can also use social trading platforms to follow other traders’ patterns and strategies, and even copy their trades automatically.
Types of CFDs Available
IronFX provides CFDs on a wide range of assets, including currencies, indices, commodities, and cryptocurrencies. Currency CFDs are available in over 100 pairs, including majors, minors, and exotic currency pairs. Indices CFDs are available on major stock indices such as NASDAQ, S&P500, DAX30, and Nikkei, among others. Commodity CFDs are available on popular products such as gold, silver, crude oil, and natural gas. IronFX also offers cryptocurrency CFDs, including Bitcoin, Ethereum, and Litecoin, among others.
Leveraging & Fees
Leverage is a powerful tool in CFD trading that allows you to trade with larger positions than the capital invested. The maximum leverage for IronFX CFDs depends on the asset being traded, ranging from 1:30 to 1:500. Trading fees vary based on the asset classes, with the minimum spreads starting from as low as 0.0 pips on the major currency pairs, such as EURUSD. There are no mark-ups or hidden charges on Ironfx cfd trading.
Support and Security
IronFX offers its clients 24/5 multilingual support via live chat, email, or telephone. The broker also provides education and training materials to its clients, including webinars, video tutorials, and e-books. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), and client funds are held in segregated accounts.
In short:
Ironfx cfd trading is a comprehensive trading solution for traders that want to access a range of markets and assets. With its advanced platforms, multilingual customer support, education material, and regulation, IronFX creates a secure trading environment for its clients. CFDs offer traders a flexible way of trading the markets, and with IronFX, traders have all the tools and support they need to be successful in the financial markets.