Forex trading

Harness volatility in the world’s most-traded financial market with the UK’s No.1 retail forex provider.1

Forex trading

  • Harness volatility in the world’s most traded financial market
  • Trade rising and falling markets with the UK’s No.1 retail forex provider1

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Why trade forex with us?

Get an edge with the UK’s best web-based platform and award-winning mobile apps2

Negative balance protection ensures that your
account never stays below zero3

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

Identify FX opportunities on clear, fast charts and deepen your analysis with ProRealTime

Get peace of mind trading forex online with a provider that's authorised and regulated by the FCA

Open a free forex trading account quickly and easily – you could be trading forex in minutes

Ways to trade forex with IG

Spread betting CFD DMA (Forex Direct)
Main benefits Profits are tax-free in the UK4 Tax-deductible losses are useful for hedging4 Increased market transparency and order control
Accessible to All clients All clients Professional clients only5
Traded in £ (or other base currency) per point Contracts Lots
Tax status No capital gains tax (CGT) or stamp duty4 No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction4 No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction4
Commission Commission-free Commission-free for FX Variable commission
Platforms Web, mobile app and advanced platforms 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 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.

What are the benefits?

  • Go long or short
  • 24-hour trading
  • High liquidity
  • Constant 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 account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 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 17,000 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

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

How much does FX trading cost?

Margins

When you spread bet and 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 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 Professional margin
What is this?
Leverage equivalent
EUR/USD 3.33% 1:30 0.45% 1:222
AUD/USD 3.33% 1:30 0.45% 1:222
USD/JPY 3.33% 1:30 0.45% 1:222
EUR/GBP 3.33% 1:30 0.45% 1:111
GBP/USD 3.33% 1:30 0.45% 1:111
EUR/JPY 3.33% 1:30 0.45% 1:222
USD/CHF 3.33% 1:30 1.35% 1:74
Spot FX IG min. spread IG av. spread6 IG av. spread
(00:00-21:00)7
DMA av. spread8
EUR/USD 0.6 1.13 0.86 0.165
AUD/USD 0.6 1.33 1.07 0.295
USD/JPY 0.7 1.26 0.96 0.242
EUR/GBP 0.9 2.51 1.83 0.540
GBP/USD 0.9 2.38 1.84 0.589
EUR/JPY 1.5 2.57 1.96 0.678
USD/CHF 1.5 2.29 1.95 0.399

How much will I have to pay?

Margins

When you spread bet and 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 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 Professional margin Leverage equivalent
EUR/USD 3.33% 1:30 0.45% 1:222
AUD/USD 3.33% 1:30 0.45% 1:222
USD/JPY 3.33% 1:30 0.45% 1:222
EUR/GBP 3.33% 1:30 0.45% 1:111
GBP/USD 3.33% 1:30 0.45% 1:111
EUR/JPY 3.33% 1:30 0.45% 1:222
USD/CHF 3.33% 1:30 1.35% 1:74

Spot FX IG min. spread IG av. spread6 IG av. spread
(00:00-21:00)7
DMA av. spread8
EUR/USD 0.6 1.13 0.86 0.165
AUD/USD 0.6 1.33 1.07 0.295
USD/JPY 0.7 1.26 0.96 0.242
EUR/GBP 0.9 2.51 1.83 0.540
GBP/USD 0.9 2.38 1.84 0.589
EUR/JPY 1.5 2.57 1.96 0.678
USD/CHF 1.5 2.29 1.95 0.399

It’s free, quick and simple to create an account with us. Open one today, and you’ll get access to over 17,000 financial markets.

When you’re ready, you choose your deal size. What’s more, you'll get lower minimums for one month while you master the markets.

Discover your next opportunity

Search our huge range of forex pairs.

Live FX prices

Sell
Buy
Change
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These prices are indicative only, and subject to our website terms and conditions.

Choose your currency trading platform

Seize opportunity at your desk or on the go with the UK’s best web trading platform and mobile trading app.2

Award-winning forex provider

ForexBrokers is compensated by IG for marketing

Award-winning forex provider

#1 Overall Broker
ForexBrokers.com Annual Review

Best for Forex Trading
Investopedia
Online Brokers Awards 2019

#1 Trust Score
ForexBrokers.com Annual Review

#1 Research
ForexBrokers.com Annual Review

#1 Platforms and Tools
ForexBrokers.com Annual Review

ForexBrokers is compensated by IG for marketing

Choose the world's No. 1 spread betting provider

Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.

Choose the world's No. 1 spread betting provider

Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.

Choose the world's No. 1 spread betting provider

Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.

Choose the world's No. 1 spread betting provider

Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.

Choose the world's No. 1 spread betting provider

Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.

Choose the world's No. 1 spread betting provider

Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.

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

See how we've been changing the face of trading for more than 40 years.

1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released June 2020).
2 Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the ADVFN International Financial Awards 2020.
3 Negative balance protection applies to trading-related debt only, and is not available to professional traders.
4 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
5 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.
6 Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet and CFD details.
7 Average 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 spread bet and CFD details.
8 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. 76% 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.