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Wealthx forex is one of the most popular trading options. This is why you’ll need a cutting-edge and reliable trading platform that allows you to trade tight spreads on major and minor currency pairs. Choose from our standard or premium forex pricing modules - whatever’s best for, your forex trading needs.
Features of cryptocurrency trading online with iFOREX When trading with iFOREX, you gain access to unique features that enhance your trading experience.
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Our platforms offer flexibility, speed, and efficiency, giving clients access to a diverse selection of instruments including shares, currencies, commodities, and indices. At iFOREX, we combine cutting-edge technology with superb customer service, ensuring a seamless and secure trading experience for our global clientele.
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What is forex trading?
Currency trading, or FX trading, also known as forex (foreign exchange) trading, involves buying one currency while simultaneously selling another in order to profit from price movements. It’s the world’s largest financial market, with over $7 trillion traded daily.
What are forex currency pairs and how do they work?
Currencies are traded in pairs—such as EUR/USD—where the first currency (EUR) is the base and the second (USD) is the quote. When you trade a pair, you're speculating whether the base currency will rise or fall against the quote currency.
What are major, minor, and exotic currency pairs?
Major pairs include the most traded currencies like EUR/USD, GBP/USD, and USD/JPY.
Minor pairs are less liquid and don’t involve the U.S. dollar, like EUR/GBP or AUD/NZD.
Exotic pairs combine a major currency with one from a developing or smaller economy, such as USD/INR or EUR/TRY.
How does leverage work in FX trading?
Leverage allows you to control a larger position with a smaller amount of capital. For example, with 1:400 leverage, a $100 deposit could control a $40,000 trade. While leverage can amplify profits, it also increases risk—so it’s important to use it wisely with proper risk management.
When is the forex market open?
The forex market is open 24 hours a day, 5 days a week. Trading begins on Sunday evening with the opening of the Asia-Pacific markets and ends on Friday evening when the New York market closes.
What tools can help me with forex trading?
With iFOREX, you’ll have access to real-time charts, economic calendars, live trading signals, technical indicators, and exclusive tools like Pulse and Today's Opportunity to help you analyze trends and spot potential trading setups.
How do you trade with leverage?
Trading with leverage means you can open larger positions using a smaller amount of your own capital. For example, with 1:100 leverage, a $100 deposit lets you control a $10,000 trade. Leverage amplifies both potential profits and losses, so it’s essential to manage your risk using tools like stop-loss orders and position sizing.
When is the forex market open for trading?
The forex market operates 24 hours a day, 5 days a week. It opens on Sunday evening (GMT) with the Asia-Pacific session and closes on Friday evening with the New York session. This around-the-clock schedule allows traders to respond to global events in real time.
What is a pip in forex trading?
A pip (short for “percentage in point”) is the standard unit of measurement for price movement in forex. For most currency pairs, one pip equals 0.0001. So if EUR/USD moves from 1.1000 to 1.1005, that’s a 5-pip change. Pips help traders measure profits, losses, and market volatility.
What are the most popular currency pairs to trade?
The most commonly traded currency pairs - known as majors - include:
EUR/USD - Euro vs. U.S. dollar
USD/JPY - U.S. dollar vs. Japanese yen
GBP/USD - British pound vs. U.S. dollar
USD/CHF - U.S. dollar vs. Swiss franc
These pairs offer high liquidity, tight spreads, and strong trading volumes, making them ideal for many forex traders.