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.

Call +35 318 009 95362 or email newaccounts.uk@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: +35 318 009 95362

Why trade forex with IG?

Give your forex trading an edge with our accessible, easy-to-use platform and apps

Negative balance protection ensures that your
account never stays below zero2

Get friendly, expert support 24 hours a day from 8am Saturday to 10pm Friday

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 spread betting and CFD provider

Open a free account quickly and easily – you could be set up and trading forex today

Ways to trade forex with IG

Spread betting Barriers and vanillas CFD DMA (Forex Direct)
Main benefits Profits are tax-free in the UK3 Take control of your leverage and risk Tax-deductible losses are useful for hedging3 Increased market transparency and order control
Accessible to All clients All clients All clients Professional clients only4
Traded in £ (or other base currency) per point Contracts Contracts Lots
Tax status3 No capital gains tax (CGT) or stamp duty3 No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction3 No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction3 No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction3
Commission Commission-free 0.1 unit of contract currency per contract Commission-free for FX Variable commission
Platforms Web, mobile app and advanced platforms Web and mobile app Web, mobile app and advanced platforms L2 dealer, mobile app, terminals and APIs
Learn more 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 swift verification

We can usually verify your ID in just a few seconds.

Fund your account and trade

Or practise on a risk-free demo if you’d prefer.

How much will I have to pay?

Margins

Spread betting and CFD trading are forms 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.

Barriers and options are not subject to margin – you’ll pay a premium to trade these products, calculated based on the parameters of your trade and the underlying price.

Spreads

Your key payment for trading forex 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 Professional margin
What is this?
EUR/USD 3.33% 0.45%
AUD/USD 3.33% 0.45%
USD/JPY 3.33% 0.45%
EUR/GBP 3.33% 0.9%
GBP/USD 3.33% 0.9%
EUR/JPY 3.33% 0.45%
USD/CHF 3.33% 1.65%

Spot FX IG min. spread IG av. spread5 DMA av. spread6
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

How much will I have to pay?

Margins

Spread betting and CFD trading are forms 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.

Barriers and options are not subject to margin – you’ll pay a premium to trade these products, calculated based on the parameters of your trade and the underlying price.

Spreads

Your key payment for trading forex 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 Professional margin
EUR/USD 3.33% 0.45%
AUD/USD 3.33% 0.45%
USD/JPY 3.33% 0.45%
EUR/GBP 3.33% 0.9%
GBP/USD 3.33% 0.9%
EUR/JPY 3.33% 0.45%
USD/CHF 3.33% 1.65%

Spot FX IG min. spread IG av. spread5 DMA av. spread6
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

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.

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.

Our flexible design allows you to move windows around to suit your needs.

Discover our award-winning web-based platform and natively designed apps.

Award-winning forex provider

Choose the UK’s No.1 retail FX provider1

IG is home to more retail forex traders in the UK than any other forex trading. Why trade with anyone but the No.1?

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1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2019).
2 Negative balance protection applies to trading-related debt only, and is not available to professional traders.
3 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
4 The advertised offering is only available to individual clients capable of obtaining ‘professional’ status. This requires experience of trading relevant products on your own account above a certain size, experience of working within the financial sector for at least one year in a relevant position and/or a personal investment portfolio worth at least €500,000.
5 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 spread bet and CFD details.
6 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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Options are complex financial instruments and your capital is at risk. Losses may be extremely rapid.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.