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 Australia’s No.1 FX retail provider1 and use our range of powerful platforms to take advantage of movements in currency prices.

Contact us: 1800 601 799

Contact us on 1800 601 799 or helpdesk.au@ig.com about opening an account. We're here 24hrs a day from 3pm Saturday to 9am Saturday (AEDT).


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 demo account, in an environment with reduced risk.

Get friendly, expert support 24 hours a day from 3pm Saturday to 9am Saturday (AEDT).

Identify FX opportunities on clear, fast charts as standard, and deepen your analysis with ProRealTime.

Get peace of mind trading forex with Australia's No.1 FX provider.2

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)
Accessible to All clients Professional accountholders only3
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 Learn more


What is forex trading?

Forex trading, foreign exchange trading or currency trading is the buying and selling of currencies on the forex 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 certified

We can usually verify your ID in just a few seconds

Fund your account and trade

You can withdraw your funds easily, whenever you like

How much does forex trading cost?

Your key payment for trading forex is the spread, essentially our commission for executing your trade. We work to keep our spreads among the lowest in the business

Spot FX IG min. spread IG av. spread4 DMA av. spread5
EUR/USD 0.6 0.75 0.142
AUD/USD 0.6 0.75 0.329
USD/JPY 0.7 0.86 0.212
EUR/GBP 0.9 1.17 0.398
GBP/USD 0.9 1.34 0.639
EUR/JPY 1.5 1.96 0.48
USD/CHF 1.5 2.04 0.489

Depending on your position, you may need to pay overnight funding.

There's no minimum balance required to open an account, it 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 month, 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.

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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.


Choose Australia's No.1 FX provider6

Find your next opportunity in our huge range of over 80 major, minor and exotic forex pairs. Why trade with anyone but the No.1?

Get the latest forex news


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1,2 & 6 Number 1 in Australia by primary relationships, Investment Trends December 2017 FX Report.
3 The advertised offering is only available to individual clients capable of obtaining ‘wholesale’ status. This requires you to have either net assets of at least $A2.5 million OR gross income for each of the last two financial years of at least A$250,000.
4 Average spread (Monday 12am – Friday 10pm UK time) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our CFD and MT4 details.
5 Time-weighted (10pm – 8pm UK time) average spread by trade (quoted to three decimal places), August 2016. There is also a commission charge for Forex Direct.