Low spreads and fast execution with Australia's No.1 retail FX provider1
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Full FX CFD contract details, including currency pairs, spreads and margins.
Full FX MT4 contract details, including currency pairs, spreads and margins.
Get full market transparency when you trade FX CFDs with our in-house DMA service.
We're Australia's No.1 retail forex provider1
Spreads from 0.8 pips on EUR/USD and AUD/USD
One-click dealing, with deals executed in 0.1s2
Without having to buy and store actual bitcoins
Full market transparency with Forex Direct (DMA)
Essential and pro charts on desktop and apps
|IG spreads||MetaTrader 4||Forex Direct (DMA)||
|Min. spread||Av. spread3||Min. spread||Av. spread4||Av. spread5|
See our full list of currency pairs and live prices.
|Market||Spot FX AUD/USD|
|Price||0.76912 / 0.76920|
Buy 1 contract at 0.76920 (1 contract = A$100,000)
One contract is A$100,000 and the margin rate is 0.5% = A$500
|What happens next?||AUD/USD climbs 150 points into the next day|
Funding = size x (tom-next rate + admin fee of 0.3% pa)
A$10 x 0.29 = A$2.90
0.78412 / 0.78420
You sell at 0.78412
0.78412 - 0.76920 = 0.01492
Number of contracts = 1
Value per contract A$100,0000.01492 x A$100,000 = A$1492
0.8 point IG spread (included)Funding cost = £2.90
If the market dropped 115 points instead:
A$1142 + A$2.90
Net loss = A$1144.90
We've been a trusted market leader in online financial trading for 40 years.
Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it’s how individuals and businesses convert one currency to another.
FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there’s no central exchange. Instead, currencies are traded by a global network of banks, dealers and brokers, which means you can trade any time, day or night, Monday to Friday.
FX prices are influenced by a range of different factors, including interest rates, inflation, government policy, employment figures and demand for imports and exports.
And because of the sheer volume of currency traders and the amount of money exchanged, price movements can happen very quickly, making currency trading not only the largest financial market in the world, but also one of the most volatile.
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1 By primary relationships, December 2014 FX Report.
2 99.20% of trades executed in 0.1 seconds: average per month, IG globally (12 months to March 2015).
3 Average spread by deal, March 2014. For our minimum and typical spreads, please see our CFD details.
4 Average spread by deal, March 2014. For our minimum and typical spreads, please see our forex MT4 spreads.
5 Time-weighted (22:00-20:00 GMT) average spread by trade (quoted to three decimal places), August 2014.
6 Percentage of attached and unattached orders filled at the requested level, February 2015.
7 By primary relationships, Investment Trends June 2014 CFD Report and & December 2014 FX Report.