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 and use our award-winning platforms to take advantage of movements in currency prices.
Call +61 3 9860 1799 or email helpdesk.en@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.
Contact us: +61 3 9860 1799
Why trade forex with us?
Get an edge with our award winning web-based platform and mobile apps1
Practise trading forex on a demo account, in an environment with reduced risk.
Get friendly, expert support 24 hours a day from 8am Saturday to 10pm Friday (UK time).
Identify FX opportunities on clear, fast charts as standard, and deepen your analysis with ProRealTime.
Get peace of mind trading forex with the world's No.1 CFD 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 | All clients |
| Traded in | Contracts | Lots |
| Commission | Commission-free for FX | Variable commission |
| Platforms | Web, mobile app and advanced platforms | Web, mobile apps, L2 Dealer, terminals and APIs |
| Learn more | Learn more |
* It is important to note that while you are trading based on underlying market prices and depth, what you actually receive when placing a trade is a CFD from us.
What is forex trading?
Forex trading is the buying and selling of currencies on the foreign exchange 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
- Constant 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 an IG CFD trading account
- Build a trading plan
- Choose your trading platform
- Open, monitor and close your first position
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
How much does CFDs on FX trading cost?
Margins
When you trade CFDs you do so with leverage - meaning you can win, or lose, a significant amount more than your initial deposit - called your margin. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your forex trade.
Spreads
Your key payment for trading CFDs on forex is the spread – the difference between the buy and the sell price – our charge for executing your trade. We work to keep our spreads among the lowest in the business.
| Spot FX | Retail margin | Leverage equivalent |
| EUR/USD | 0.5% | 1:200 |
| AUD/USD | 0.5% | 1:200 |
| USD/JPY | 0.5% | 1:200 |
| EUR/GBP | 0.5% | 1:200 |
| GBP/USD | 0.5% | 1:200 |
| EUR/JPY | 0.5% | 1:200 |
| USD/CHF | 1.50% | 1:67 |
| Spot FX | IG min. spread | IG av. spread2 | IG av. spread (00:00 - 21:00)3 |
DMA av. spread4 |
| EUR/USD | 0.6 | 1.13 | 0.86 | 0.165 |
| AUD/USD | 0.6 | 1.33 | 1.07 | 0.295 |
| USD/JPY | 0.7 | 1.26 | 0.96 | 0.242 |
| EUR/GBP | 0.9 | 2.51 | 1.83 | 0.540 |
| GBP/USD | 0.9 | 2.38 | 1.84 | 0.589 |
| EUR/JPY | 1.5 | 2.57 | 1.96 | 0.678 |
| USD/CHF | 1.5 | 2.29 | 1.95 | 0.399 |
It’s free, quick and simple to create an account with us. Open one today, and you’ll get access to over 17,000 financial markets.
When you’re ready, you choose your deal size. What’s more, you’ll get lower minimums for one month while you master the markets.
Discover your next opportunity
Search our huge range of forex pairs.
Live prices on our most popular markets
Bid
Offer
Change
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.
Get the latest forex news
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1 Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the ADVFN International Financial Awards 2020.
2 Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex product details.
3 Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex product details.
4 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.
