Trading metals with IamFX allows you to use an effective alternative to diversify your investment portfolio.
To speculate on short or long term trading opportunities in a 24-hour market.
These are two of the world's most traded markets, making them fast moving and highly liquid.
To hedge against market volatility and financial crises.
Tight spreads with small commission.
Trading of gold and silver takes place in "lots". 1 lot of gold = 100oz and 1 lot of silver = 5000oz. Trading of gold starts at 1oz = 0.01 lot, silver from 50oz = 0.02 lot and copper from 0.01 lot.Premium Accounts
Minimum transaction size for Premium accounts is 1/100th standard sized lot (.01), or 1,000 units of the base currency, with a minimum margin deposit of 1.0% (100:1 leverage).
Minimum transaction size for SuperCore accounts is 1/100th standard sized lot (.01), or 1,000 units of the base currency, with a minimum margin deposit of 1.0% (100:1 leverage).
Minimum transaction size for Black Mamba accounts is 1/100th standard sized lot (.01), or 1,000 units of the base currency, with a minimum margin deposit of 1.0% (100:1 leverage).
Copper has a monthly expiration (please see the table below). Clients that hold an open position on the Expiration will be closed at our bid/offer at: USOil: 5:15 p.m. ET & UKOil: 5:15 p.m. ET
- Premium Account
- SuperCore Accounts
- Black Mamba Accounts
- Ultra Prime Accounts
- Minimum deposit:
- $500 USD
- $2,500 USD
- $10,000 USD
- $500,000 USD
- Maximum deposit:
- Variable spreads
- Market execution
- FREE VPS Hosting
- Individual private setup
- $0 commission
- $45 per million / $4.5 per 100k
- $35 per million / $3.5 per 100k
- Individual private setup
|Contract Month||Reference Expiration||Expiration|
Trades are quoted via transparent "Straight Through Processing"; live prices are continuously published to clients via our trading platform, and traders can at any time click on the current bid or offer and execute a market trade. Trades are executed via "Market Execution" and the prices are updated automatically as market conditions dictate.
IamFX clients have the opportunity to earn interest on positions left open overnight at all margin levels. The amount of interest that can be earned depends on the direction of the open position and the interest rate differential between the two currencies involved. For example, UK interest rates are significantly higher than Japan's, so if a trader is long GBP/JPY (i.e. holding British Pounds), they can earn interest on the roll. Conversely, if a trader is short GBP/JPY (i.e. holding yen) they will pay interest on the rollover.
Trades are confirmed on screen, typically within one second. Full transaction details may be accessed on screen as well, including date, time, rate, and notional amount bought and sold, USD value, and reference number.
IamFX offers its clients a simple procedure for executing a trade. Through our trading platform, just enter the number of lots and then click on the bid (buy) or offer (sell) for the currency pair you wish to trade. Your trade is automatically executed. The trading software calculates the initial margin requirement based upon the notional amount of the trade, and if sufficient funds are available in your account, will accept the transaction. Trades are confirmed online, normally within one second, and the system instantaneously updates both your open position and calculates your current P&L. Please note: all pending orders will be placed using margin rates of 100:1 leverage.
Daily Housekeeping will occur each evening at 1700ET and will last approximately 5 minutes. During that time, back office staff will conduct daily rolls and important system maintenance tasks will be performed. Online trading MAY be unavailable, but we will do our best to keep it available.
The trading software tracks all trading activity in real time, allowing clients to view current open positions, real-time profit and loss, margin availability, account balances, and all historical transaction details directly on-screen.
The maximum available margin is .20%, or 500:1 leverage for Premium accounts. SuperCore and Black Mamba accounts can trade with .25% (400:1 leverage) and .50% (200:1 leverage) respectively. Ultra Prime account holders can trade with a leverage individually setup based on their needs. IamFX Traders have the option of using a lower degree of leverage upon request. If maximum leverage is employed, traders must maintain the minimum margin requirement on their open positions at all times. It is the customer's responsibility to monitor his/her margin account balance. IamFX has the right to liquidate any or all open positions whenever a trader's minimum margin requirement is not maintained.
This is an important risk management feature designed to strictly limit trading losses in an account. The minimum margin requirement is approximately $25 per lot of 10,000 units of base currency in a SuperCore account with 400:1 leverage. The requirements for leverage may vary with account size or market conditions, and may be changed from time to time at the sole discretion of IamFX or upon request. Note: margin cannot be changed while holding open positions.
Customer account statements are provided online in the "Account History" section of the trading platform. Reports may be generated for any date range, and printed or saved for future reference. For more information on the available reports, please access the "Help" tab on the Metatrader trading platform.
The easiest and most efficient method to fund your account. Funds are typically received by IamFX within 1-2 business days. All wire transfers should include the client's name and account number in the reference section of the wire. Please be sure that the beneficiary is listed.
You can find more information about IamFX Account Funding options in your IamFX customer area.
Mastercard, Visa, American Express and Discover Card.
Make convenient payments with your existing Skrill account.
Make convenient payments with China UnionPay.
Make convenient payments with Webmoney.
Make convenient payments with your existing Netweller account.
Withdrawal requests are processed within two (2) business days of receipt. Withdrawal requests via wire transfer will incur a $24 USD fee or equivalent in other currency.
Market Orders are the most common type of order. A market order is used when you want to execute an order immediately at the market price, which is either the displayed bid or ask price on the screen. You can use the Market Order to enter a new position (long or short) or to exit an existing position (buy or sell). When on the order platform, "Type" will read "Market Execution".
Associated Orders are either entry orders or open position that have a stop loss and/or a limit order (take profit) attached to the position. For example: you buy 1 lot of EUR/USD and place a stop loss and limit order (take profit). These two orders are associated to the EUR/USD position. Note: on the IamFX Metatrader 4 trading platform, if you were to close the EUR/USD position prior to the associated order being executed, they will automatically cancel which is an efficient advantage during trading.