All trading involves risk. Losses can exceed deposits.

Contact us

New to IG: 800088084
Existing clients: 800088448

Start trading now

It’s free to open an account and no downloads are required to use our web-based platform.

Free demo account

Practise trading with € 30,000 virtual funds.

Customisable trading technology

Discover our award-winning web-based platform, and apps designed especially for your chosen tablet or mobile.


Benefit from low spreads and fast execution

Live forex prices

Markets Sell Buy Change Updated

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

Why trade forex with IG?

Key benefits

  • A leading FX provider

    We’re a secure FTSE 250 company and the UK’s No.1 retail FX provider1

  • Enjoy competitive FX rates

    Low spreads from just 0.6 pips on EUR/USD and AUD/USD

  • Forex Direct (DMA)

    Use direct market access to trade into the exchange and get inside the spread

  • Flexible online FX trading

    Access our award-winning desktop platform and range of mobile and tablet apps

  • Superior currency trading technology

    Trade directly from our essential charts or use the ProRealTime expert package2

  • Trade forex on margin

    Gain full exposure with a small initial deposit, but remember leverage comes with increased risk

Popular forex markets

Market name Value per point Min. spread Av. spread3 Margin req.
Spot EUR/USD $10 0.6 0.70 0.5%
Spot AUD/USD $10 0.6 0.76 0.5%
Spot GBP/USD $10 0.9 1.28 1%
Spot USD/JPY Y1000 0.7 0.83 1%

See all forex pairs and our full product details

What is forex trading?

Foreign exchange is the largest financial market in the world – transactions worth trillions of dollars take place every day, traded by a global network of banks, dealers and brokers. 

FX prices are influenced by a range of different factors, including interest rates, inflation, government policy, employment figures and demand for imports and exports. 

Due to the sheer volume of currency traders and the amount of money exchanged, price movements can happen very quickly. This means there are plenty of currency trading opportunities, but it also makes forex incredibly volatile.

Learn more about CFDs and their potential risks

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

See an example of a forex CFD trade

Select a market

You're interested in trading a spot GBP/USD CFD. Our price is currently 15579.5 / 15580.5, priced in pips.

Sell or buy

You choose to 'buy' 1 contract at the offer price (15580.5), because you believe the market will rise.

Alternatively, you could 'sell' 1 contract at the bid price (15579.5) if you believe the market will fall.

Value and margin

Currency pair

Value per pip

Margin req. per contract

GBP/USD $10 0.25%

On a GBP/USD trade, the value per pip is $10. This means that every pip that the market moves is worth $10, either in your favour or against you.

In this case, your total exposure is 15580.5 x $10 = $155,805. But with a 0.25% margin requirement for 1 GBP/USD contract, you only need to have $155,805 x 0.25% = $389.52 available.

Closing your trade

Over the course of the day the pound strengthens, and at 6pm our new GBP/USD CFD price is 15695.0 / 15696.0

You choose to close your trade by placing a 'sell' trade on 1 full contract at the bid price (15695.0).

Calculating profit / loss

Profit / loss is calculated based on the difference between your opening and closing prices, in pips. In this case: 15695.0 - 15580.5 = 114.5 pips

You bought 1 full contract, the market moved in your favour, and each pip of movement is worth $10.

Therefore your gross profit is: 114.5 x $10 = $1145

What if...

Similarly, if the market had fallen by 114.5 pips, your 'buy' trade would have resulted in a $1145 gross loss.

Net profit / loss

To accurately calculate your net profit or loss, you would need to factor in any funding charges. In this case, there are no funding costs because the position was not held overnight.

Try it for free

Open a free demo account and practise trading with € 30,000 virtual funds, absolutely risk-free.

Or learn how to find markets, place trades and make the most of your trading with our free interactive platform preview.

Our forex services

Execution and pricing technology

When dealing on fast-moving forex markets, we know each moment counts. That’s why we offer: 

  • No requotes on live prices: we will never fill your trade at a level worse than the one you requested.
  • Price improvement technology: if a better price becomes available as you click to trade, we can give you that price.

Find out more about our advanced execution and pricing technology

Forex Direct

Forex Direct allows direct dealing with prices from a wide selection of global banks and liquidity providers, plus the ability to view extended data on currency pairs.

Forex Direct is recommended only for advanced FX traders. It can be traded using our web-based platform, iPad and iPhone apps

Find out more about how to trade Forex Direct and its costs

Forex FAQs

How does IG source FX prices?

Our forex prices, as well as those for some of our other markets, are sourced from top global banks and exchanges. This means you get greater liquidity and can access the best prices from around the globe.

Can I trade bitcoin?

Yes – with IG there are two ways to trade bitcoin:

Trade bitcoin as an FX pair 

Speculate on the price against a range of global currencies, including XBT/USD and XBT/EUR.

Trade bitcoin volatility using binaries

Speculate on whether the bitcoin price will be above or below a certain level by the end of a trading period.

Find out more about trading bitcoin

How do I trade Forex Direct with IG?

Our pricing technology is engineered to find the best available prices on both OTC (over-the-counter) and DMA. This means that DMA prices are not necessarily better than OTC, but direct access to the markets can give you greater visibility and flexibility as a trader.

There are many added complexities to the trading environment and there can be an increased risk. As we take a parallel position in the underlying market, DMA traders need to be aware that once an order has been executed we are unable to change or reverse the position.

It is also important to note that while you are trading based on underlying market prices and depth, what you actually receive on placing a trade is a CFD from us. So while you are trading at market prices, you do not gain any ownership rights over the currencies which form the subject of your CFD.

Most clients will need to have a minimum £1000 cash balance on their account to activate DMA. You can then choose to activate the data feeds you need and the platform you'd like to trade on.

What are the costs of Forex Direct? 

Unlike over-the-counter trading, there is no IG spread to pay. Instead we charge a variable commission – between USD10 and USD60 per USD million worth of the currency traded. This charge is based on the volume you traded in the preceding month.

If your account is not denominated in USD, the commission will be converted into your base currency (at current exchange rates) before being deducted.

Average spreads
There are no IG spreads with Forex Direct – instead you are trading on buy and sell prices provided by major banks and currency providers.

What charting packages does IG offer?

Our essential charts are available to all IG clients as standard. You can trade from them directly, use them to access a range of popular indicators, and access them within our mobile apps.

IG clients also get free access to independent chart analysis tools such as Autochartist and Trading Central.

Advanced traders may be interested in using the ProRealTime charting package which is fully integrated with our desktop platform.2

1 UK's largest retail FX provider based on number of active accounts (Investment Trends UK Leveraged Trading Report September 2015).

You can get access to ProRealTime charts at no extra cost if you transact at least four times in a given month. Otherwise there is a £30 per month fee. Log in or create an account to get started

Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016.