Low spreads and fast execution with the UK's No.1 retail FX provider1
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Full FX spread betting details, including currency pairs, spreads and dealing hours.
Full FX CFD details, including currency pairs, spreads and margins.
We're the UK's No.1 retail forex provider1
Spreads from 0.6 points on EUR/USD and AUD/USD
Without having to buy and store actual bitcoins
Full market transparency with Forex Direct (DMA)
Essential and pro charts on desktop and apps
Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it’s how individuals and businesses convert one currency to another.
FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there’s no central exchange. Instead, currencies are traded by a global network of banks, dealers and brokers, which means you can trade any time, day or night, Monday to Friday.
FX prices are influenced by a range of different factors, including interest rates, inflation, government policy, employment figures and demand for imports and exports.
And because of the sheer volume of currency traders and the amount of money exchanged, price movements can happen very quickly, making currency trading not only the largest financial market in the world, but also one of the most volatile.
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1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report October 2016).
3 Time-weighted (22:00-20:00 GMT) average spread by trade (quoted to three decimal places), August 2016.