There are two main ways to get started forex trading: via an FX broker, or via derivatives like spread betting or CFD trading.
To a forex trader, they offer very similar benefits. All are leveraged, allow you to take both long and short positions, and are charged via a spread.
However, there are a few benefits to trading forex via CFDs or spread betting. Spread betting is tax-free in the UK,1 for instance, and both spread betting and CFD trading offer access to a huge range of markets alongside forex. These markets can typically include indices, shares, commodities, cryptocurrencies and more.
Find out more about how to trade forex using CFDs or spread betting, or create an account to get started right away.