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.

Why trade forex with IG?

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

Practise trading forex on a free demo account, with no risk to your capital.

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 with the world’s No.1 spread betting and CFD provider.2

Open an account quickly and easily – you could be set up and trading forex today.

Ways to trade forex with IG

Spread betting CFDs DMA (Forex Direct)
Main benefits: Profits are tax-free in the UK.3 Tax-deductible losses are useful for hedging.3 Increased market transparency and order control.
Accessible to: All clients. All clients. Professional clients only.4
Traded in: £ (or other base currency) per point. Contracts. Lots.
Tax status: No capital gains tax (CGT) or stamp duty.3 No stamp duty, but you do pay CGT. Losses can be offset as a tax deducation.3 No stamp duty, but you do pay CGT. Losses can be offset as a tax deducation.3
Commission: Commission-free. Commission-free for FX. Commission-free for FX.
Platforms: Web, mobile app and advanced platforms. Web, mobile app and advanced platforms. L2 dealer, mobile app, terminals and APIs.
Demo account: Yes. Yes. Yes.
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 account
  4. Open, monitor and close your first position

Open an FX trading account today

Opening a forex trading account with IG is quick and simple. You could be set up and trading in minutes. Or to practise trading forex risk-free, try a forex demo account.

Fill in a simple online form

We’ll ask a few questions about your trading

Get instant verification

We can usually verify your ID in just a few seconds

Fund your account and trade

You can withdraw your funds easily, whenever you like

How much does forex trading cost?

Your key payment for trading forex is the spread, essentially our commission for executing your trade. We work to keep our spreads among the lowest in the business.

Spot FX

IG spreads Forex Direct (DMA)
Min. spread Av. spread5 Av. spread6
EUR/USD 0.6 0.75 0.142
AUD/USD 0.6 0.75 0.329
USD/JPY 0.7 0.86 0.212
EUR/GBP 0.9 1.17 0.398
GBP/USD 0.9 1.34 0.639
EUR/JPY 1.5 1.96 0.48
USD/CHF 1.5 2.04 0.489


Learn more about our charges

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 month, 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.

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Or browse live prices for popular indices.

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

Forex trading platforms

  • Intuitive web platform

    Discover a clear, smart way to trade forex that’s intuitive and requires no downloads.

  • MetaTrader 4

    Build forex trading algorithms to execute automatically, even if your machine is off.

  • L2 dealer

    Get increased control over your forex CFD trades with our DMA platform.

  • Mobile apps

    Trade forex on the move, so you need never miss an opportunity.

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?

Get the latest forex news

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  • Managing your FX risks

    Mitigate against forex trading risk with our range of stop and limit orders, and keep an eye on forex prices with customisable alerts

1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released August 2018).

2 Based on published financial statements, February 2018.

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 12am – Friday 10pm UK time) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet and CFD details.

6 Time-weighted (10pm – 8pm UK time) average spread by trade (quoted to three decimal places), August 2016. There is also a commission charge for Forex Direct.

Help and support

Get answers about your account or our services.

Get answers

Or ask about opening an account on 0800 195 3100 or newaccounts.uk@ig.com.

We're here 24hrs a day from 8am Saturday to 10pm Friday.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.