Forex trading
As the world’s most-traded financial market, foreign exchange presents a wealth of opportunities for those who can harness its inherent volatility. Open a forex trading account with the UK’s No.1 retail provider1 and use our range of powerful platforms to take advantage of movements in currency prices.
Contact us on +971 (0) 4 5592108 or sales.ae@ig.com about opening an account. Our customer service team is available 24 hrs a day, except for Saturday from 02:00am to 12:00pm (Dubai time).
Contact us: +971 (0) 4 5592108
Why trade forex with IG?
Give your forex trading an edge with our accessible, easy-to-use platform and apps.
Practise trading forex on a free demo account, with no risk to your capital.
Get friendly, expert support 24 hours a day except for Saturday from 1:00am to 11:00am (Dubai time).
Identify FX opportunities on clear, fast charts as standard, and deepen your analysis with ProRealTime.
Get peace of mind trading forex with an award-winning CFD provider.
Open an account quickly and easily – you could be set up and trading forex today.
Ways to trade forex with IG
| CFD | DMA (Forex Direct) | |
| Main benefits | Go long and short on the markets | Increased market transparency and order control |
| Accessible to | All clients | All clients |
| Traded in | Contracts | Lots |
| Commission | Commission-free for FX | Commission-free for FX |
| Platforms | Web, mobile app and advanced platforms | L2 dealer, mobile app, terminals and APIs |
| Learn more about CFD trading | Learn more about DMA |
What is forex trading?
Forex trading, foreign exchange trading or currency trading is the buying and selling of currencies on the forex (FX) market with the aim of making a profit.
Forex is the world’s most-traded financial market, with transactions worth trillions of dollars taking place every day.
What are the benefits?
- Go long or short
- 24-hour trading
- High liquidity
- Regular opportunities
- Trade on leverage
- Wide range of FX pairs
How do I trade forex?
- Decide how you’d like to trade forex
- Learn how the forex market works
- Open a forex trading account
- Build a trading plan
- Choose your forex trading platform
- Open, monitor and close your first position
Open an FX trading account today
Fill in our simple online form
We’ll ask a few questions about your trading experience.
Get swift verification
We can usually verify your identity on the same day
Fund your account and trade
Or practise on a risk-free demo if you’d prefer.
How much does forex trading cost?
Margins
CFD trading is a form of leveraged trading, meaning you can win, or lose, a significant amount more than you deposit initially. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your trade.
Spreads
Your key payment for trading CFDs is the spread – the difference between the buy and the sell price – which is essentially our commission for executing your trade. We work to keep our spreads among the lowest in the business.
| Spot FX | Retail margin | Leverage equivalent | Professional margin | Leverage equivalent |
| EUR/USD | 2% | 1:50 | 0.45% | 1:222 |
| AUD/USD | 2% | 1:50 | 0.45% | 1:222 |
| USD/JPY | 2% | 1:50 | 0.45% | 1:222 |
| EUR/GBP | 2% | 1:50 | 0.45% | 1:222 |
| GBP/USD | 2% | 1:50 | 0.45% | 1:222 |
| EUR/JPY | 2% | 1:50 | 0.45% | 1:222 |
| USD/CHF | 2% | 1:50 | 1.35% | 1:74 |
| Spot FX | IG min. spread | IG av. spread2 | DMA av. spread3 |
| EUR/USD | 0.6 | 0.70 | 0.165 |
| AUD/USD | 0.6 | 0.76 | 0.295 |
| USD/JPY | 0.7 | 0.79 | 0.242 |
| EUR/GBP | 0.9 | 1.33 | 0.540 |
| GBP/USD | 0.9 | 1.52 | 0.589 |
| EUR/JPY | 1.5 | 1.61 | 0.678 |
| USD/CHF | 1.5 | 1.67 | 0.399 |
Depending on your position, you may need to pay overnight funding.
Opening a forex trading account with IG is free and simple, gives you access to over 80 FX pairs, and carries no obligation to fund or trade.
You can trade in smaller sizes for your first two weeks, to help keep costs down while you get comfortable.
Discover our forex markets
Find your next opportunity in our huge range of over 80 major, minor and exotic forex pairs.
Live prices on our most popular markets
Prices above are subject to our website terms and conditions. Prices are indicative only.
Forex trading platforms
Discover a clear, smart way to trade forex that’s intuitive and requires no downloads.
Build forex trading algorithms to execute automatically, even if your machine is off.
Get increased control over your forex CFD trades with our DMA platform.
Trade forex on the move, so you need never miss an opportunity.
Award-winning forex provider
Choose a true industry leader
More traders trust us with their money than anywhere else, making us the world's No.1 CFD provider.1
Get the latest forex news
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1 For CFDs: Based on revenue excluding FX (published half yearly financial statements, June 2019). - For forex, by number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2019)
2
Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019. For our minimum spreads, please see our forex CFD details.
3 Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 19th March 2019. There is also a commission charge for Forex Direct.
