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.

Call 1800 601 799 or email helpdesk.au@ig.com to talk about opening a trading account. We’re here 24hrs a day from 3pm Saturday to 9am Saturday (AEDT).

Contact us: 1800 601 799

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 2pm Saturday to 8am 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.1

Open an account quickly and easily – you could be set up and trading forex today.

Ways to trade forex CFD with IG

OTC DMA (Forex Direct)
Accessible to All clients All clients
Traded in Contracts Lots
Commission Commission-free for FX From $10 per $1 million
Platforms Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs Web, mobiles apps, L2 Dealer, terminals and APIs
Demo account Yes No
Limited Risk Guaranteed stops, knockouts -
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. 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.

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.

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.

Choose Australia's No.1 FX provider1

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?

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Zero in on price action with our clean, fast charts, deepen your analysis with advanced ProRealTime and Autochartist packages.

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

1 Number 1 in Australia by primary relationships, FX, Investment Trends December 2018 Leveraged Trading Report
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 CFD and MT4 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.