Forex trading
Harness volatility in the world’s most-traded financial market with Singapore's No. 1 CFD/FX broker.1
Start trading today. Call +65 6390 5133 between 9am and 6pm (SGT) on weekdays or email accountopening@ig.com.sg for account opening enquiries.
Contact us: +65 6390 5133
Why trade CFDs on forex with IG?
Get an edge with Singapore’s best web-based platform and award-winning mobile apps2
Reduce risk and protect your profits with stops and limits – including guaranteed stops for watertight protection3
Get friendly, expert support 24 hours a day from 8am Saturday to 10pm Friday
Identify CFDs on FX opportunities on clear, fast charts and deepen your analysis with ProRealTime
Get a peace of mind trading CFDs on forex online with a provider that’s authorised and regulated by the Monetary Authority of Singapore (MAS)
Open a free CFDs on forex trading account quickly and easily – you could be trading forex in minutes
Ways to trade CFDs on 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 apps, MT4, ProRealTime, L2 Dealer, terminals and APIs | Web, mobiles apps, L2 Dealer, terminals and APIs |
| Demo account | Yes | No |
| Learn more | Learn more |
* Other fees or charges may apply. Click here for more information on overnight funding fees.
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.
Why forex?
- Go long or short
- 24-hour trading
- High liquidity
- Constant opportunities
- Trade on leverage
- Wide range of CFD FX pairs
How do I trade CFDs on forex?
- Decide how you’d like to trade CFDs on forex
- Learn how the forex market works
- Open a CFD forex trading account
- Build a trading plan
- Choose your CFD forex 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 13,000 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 13,000 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 | Accredited investor margin What is this? |
Leverage equivalent |
| ZAR/JPY | 10% | 1:10 | 10% | 1:10 |
| EUR/USD | 5% | 1:20 | 2% | 1:50 |
| AUD/USD | 5% | 1:20 | 2% | 1:50 |
| USD/JPY | 5% | 1:20 | 2% | 1:50 |
| EUR/GBP | 5% | 1:20 | 2% | 1:50 |
| GBP/USD | 5% | 1:20 | 2% | 1:50 |
| EUR/JPY | 5% | 1:20 | 2% | 1:50 |
| USD/CHF | 5% | 1:20 | 2% | 1:50 |
| Spot FX | IG min. spread | IG av. spread4 | IG av. spread (00:00 - 21:00)5 |
| ZAR/JPY | 2.0 | 2.13 | 2.05 |
| EUR/USD | 0.6 | 1.04 | 0.75 |
| AUD/USD | 0.6 | 1.03 | 0.74 |
| USD/JPY | 0.7 | 1.18 | 0.83 |
| EUR/GBP | 0.9 | 1.89 | 1.19 |
| GBP/USD | 0.9 | 1.83 | 1.19 |
| EUR/JPY | 1.5 | 2.43 | 1.76 |
| USD/CHF | 1.5 | 2.22 | 1.91 |
3t’s free, quick and simple to create an account with us. Open one today, and you’ll get access to over 13,000 financial markets.
When you're ready, you choose your deal size. What's more, you'll get reduced minimum deal sizes for your first two weeks, while you master the markets.
Trade more, pay less
When you trade the minimum notional amount (USD million) of volume required monthly, you’ll be eligible for forex volume based rebates and be rewarded with a cash rebate. Find out more about our rebates scheme by contacting premiumdesk@ig.com.sg.
Rebates are credited on or around the 10th of the following calendar month.
Discover your next opportunity
Search our huge range of CFD forex pairs.
Live CFD FX prices
Prices above are subject to our website terms and conditions. Prices are indicative only.
Choose your currency trading platform
Manage opportunity at your desk or on the go with Singapore's best web trading platform and mobile trading app.2
Build forex trading algorithms to execute automatically, even if your machine is off.
Discover a clear, smart way to trade forex that’s intuitive and requires no downloads.
Trade forex on the move, so you need never miss an opportunity.
Find out more about our platforms
Award-winning forex and service provider6
Get the latest forex news
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See how we've been changing the face of trading for more than 40 years
1 By total number of client relationships. Investment Trends 2022 and 2023 Singapore Leverage Trading Report.
2 Winner for Mobile Platform / App based on the Investment Trends 2018 Singapore CFD & FX Report based on a survey of over 4,500 traders and investors. Awarded the Best Online Trading Platform by Influential Brands in 2019 and 2022. Winner of FX Markets Asia FX Awards 2021 - Best Retail FX Platform. Winner for Best Trading App based on the Investors Chronicle and Financial Times Investment and Wealth Management Awards 2018, and the Professional Trader Awards 2019.
3You’ll pay a small premium only if your guaranteed stop is triggered.
4Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex product details.
5Average 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.
6Winner for Mobile Platform / App based on the Investment Trends 2018 Singapore CFD & FX Report based on a survey of over 4,500 traders and investors. Winner for Education Materials / Programmes based on the Investment Trends 2021 Singapore Leverage Trading Report. Awarded the Best Online Trading Platform by Influential Brands in 2019 and 2022. Winner of FX Markets Asia FX Awards 2021 - Best Retail FX Platform. Awarded the best forex provider in Singapore by the Global Brands Magazine in 2020 and 2023. Awarded Best Forex Trading Support - Asia by Global Forex Awards 2021 – Retail. Winner for Best Trading App based on the Investors Chronicle and Financial Times Investment and Wealth Management Awards 2018, and the Professional Trader Awards 2019.
Contact us
New client: +65 6390 5133 or accountopening@ig.com.sg
Clients: Help and support
WhatsApp: Click here
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