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 1:00am to 11:00am (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?

  1. Decide how you’d like to trade forex
  2. Learn how the forex market works
  3. Open a forex trading account
  4. Build a trading plan
  5. Choose your forex trading platform
  6. 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 0.90% 1:111
GBP/USD 2% 1:50 0.90% 1:111
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.

Share Finder

Live prices on our most popular markets

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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

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Mitigate against forex trading risk with our range of stop and limit orders, and keep an eye on forex prices with customisable alerts.

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.

All trading involves risk and losses can exceed deposits. Trading CFDs may not be suitable for everyone so please ensure that you fully understand the risks involved. All trading involves risk and losses can exceed deposits.