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Client Funds and Regulated

Client Funds Segregated Accounts with National Australian Bank (NAB) and Westpac, Australian Banks.

Regulated by the Australian Securities and Investments Commission (ASIC). Australian Financial Services Number 335692.

 


 

Rebates Provider ® Partner

Official IB’s ® Partner of IC Markets ECN Broker

Partner: 3393 of IC Markets ECN

Want to upgrade your account yourself?

1.        Go Here - IC Markets Chat Support

2.        Request your Rebates Discount on chat.

3.        Provide Partner ID: 3393.

4.        Wait for account changes and save!

 


 

Live quotes

  

Here you can to find the the free live currency quotes in real-time. Live streaming  forex rates on every currency pair including daily changes and updates. Live forex quotes to find out exactly where currencies last traded in the interbank market. Live rates will help you trade the forex market in real-time or exchange currencies in the market place. Check the latest prices or use live forex charts to help you make trading decisions and take advantage of the liquidity in foreign exchange.For more  


Social Trading

Social trading is the newest, most exciting and most rewarding way for you to get access to the financial markets. For more


 

Forex

 

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 advantage Forex has over other financial instruments is that relatively small lot sizes can be traded, lot sizes can be as small as 1000 units or one micro lot. Typically foreign exchange also involves leverage which in some cases can be as high as 1:500, this 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 you gains however if not used correctly if can also result in increased losses.

 

 

Forex Spreads

With us  Forex traders will find 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 following table shows our minimum and average spreads across all of the major currency pairs.

 

 

Forex Trading Example

 

Selling EUR/USD

 

Opening the Position

The price of the EURO against the US Dollar (EUR/USD) is 1.10800/1.10801, you decide to sell 2 standard lots (the equivalent of €200,000) at 1.10800.

The value of your position is €200,000 x 1.10800= USD $221,600. The leverage on your trading account is 1:100 therefore the margin required to open the position is USD $221,600 / 100 = USD $2216.

 

Closing the Position

One week later the EURO has fallen against the US Dollar to 1.09300/1.09301, you decide to take your profit by buying back 2 standard lots at 1.09301.

The gross profit on your trade is calculated as follows:

 

It is important to note that whist your position remains open, each night your account will be debited or credited the swap rate. The swap is expressed in pips and is the difference between the interest paid to borrow the currency that is being sold and the interest received from holding the currency that is bought.

In order to calculate the net profit on this trade your will need to include any swap charges, you may also need to include any commission charges if they are payable. You should be aware that if the market had moved in the opposite direction, you would have made a loss that could have exceeded your initial deposit.

 

Contract Details:

Contract specification sheet  provides further information regarding the currency pairs on offer and their spreads.

 


 

MetaTrader 4 True ECN Account

·  True ECN spreads from 0.0 pips

· Deep Institutional Grade liquidity

·  Leverage of up to 500:1

·  Micro Lot trading, 0.01 lot size

·  $200 USD account opening minimum

·  Commission of $3.50 per 100k traded


 


 

cTrader ECN Account

          cTrader ECN Account

·True ECN spreads from -0.3 pips

· Servers in Equinix NY4

· Leverage of up to 500:1

· Micro Lot trading, 0.01 lot size

· $1000 USD account opening minimum

·Commission of $3.00 per 100k traded


 

 

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Economic Calendar

We delivery financial, business and  economic  related to your everyday trading needs. We especially focus on news that directly relates to forex and commodities trading. 

The world’s fastest Economic Calendar.

Whether you’re an individual new or advanced to trading or you’re an Money Manager, you can find all the information you need at  AbderaFinance.com/Calendar/


 

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If you are a beginner , we can to help you every step of the way and encourage you to contact us if you have questions.

We offer our clients easy way to open an account online