Forex trading

Low spreads and fast execution with Australia's No.1 retail FX provider1

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Live forex prices

Markets Sell Buy Change

Prices above are subject to our website terms and conditions. Prices are indicative only.

Find an FX pair to trade

Use our market finder tool to find news, videos, analysis and data on the forex pairs you want to trade.

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Why trade forex with IG?

  • Leading FX provider

    We're Australia's No.1 retail forex provider1

  • Low spreads

    Spreads from 0.8 pips on EUR/USD and AUD/USD

  • Deal on bitcoin prices

    Without having to buy and store actual bitcoins

  • Direct market access

    Full market transparency with Forex Direct (DMA)

  • Unique range of charts

    Essential and pro charts on desktop and apps

FX spreads and slippage rates

Spot FX

IG spreads MetaTrader 4 Forex Direct (DMA)


of orders 

filled without 


Min. spread Av. spread2 Min. spread Av. spread3 Av. spread4
AUD/USD 0.8 1.29 1.2 1.65 0.466 99.46
EUR/USD 0.8 0.95 1.2 1.35 0.307 98.87
EUR/GBP 1.0 1.68 1.4 1.87 0.529 99.48
GBP/USD 1.0 1.76 1.4 1.97 0.758 98.74

See our full list of currency pairs and live prices.

View example

Buying AUD/USD: detailed

Market Spot FX AUD/USD
Price 0.76912 / 0.76920

Buy 1 contract at 0.76920 (1 contract = A$100,000)

Margin required

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

Gross profit


0.78412 - 0.76920 = 0.01492

Number of contracts = 1

Value per contract A$100,000

0.01492 x A$100,000 = A$1492

0.8 point IG spread (included)

Funding cost = £2.90
Net profit


What if...

If the market dropped 115 points instead:

A$1142 + A$2.90

Net loss = A$1144.90


Australia's No.1 retail FX provider1

We've been a trusted market leader in online financial trading for 40 years.

  • Guaranteed stops available for trading in volatile markets
  • Australia's best mobile FX trading offering6
  • Trade forex online or over the phone
  • Personal, friendly support, 24 hours a day

Open an account now

There's no minimum balance to open an account, it takes less than five minutes, and there's no obligation to fund or trade.

Create account

Or try our platform first with a free demo account

New to forex?

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.

Related links

Watch Sara explain the basics of
forex trading in less than two minutes

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  • MetaTrader 4

    Fully integrated MT4 functionality for fast, reliable currency trading

1 By primary relationships, November 2014 FX Report.

2 Average spread for the four weeks ending 09/10/15. For our minimum and typical spreads, please see our CFD details.

3 Average spread by deal, March 2014. For our minimum and typical spreads, please see our forex MT4 spreads.

4 Time-weighted (22:00-20:00 GMT) average spread by trade (quoted to three decimal places), September 2015.

5 Percentage of attached and unattached orders filled at the requested level, September 2015.

6 By primary relationships, Investment Trends June 2015 CFD Report and & November 2014 FX Report.

Contact us

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1800 601 734

You can also call +61 (3) 9860 1734, email or tweet us at @IGHelpAU

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