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.

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

Contact us: 0800 195 3100

Why trade forex with IG?

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

Negative balance protection ensures that your
account never stays below zero2

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 forex with an award-winning spread betting and CFD provider

Open a free account quickly and easily – you could be set up and trading forex today

Ways to trade forex with IG

Spread betting CFD DMA (Forex Direct)
Main benefits Profits are tax-free in the UK3 Tax-deductible losses are useful for hedging3 Increased market transparency and order control
Accessible to All clients All clients Professional clients only4
Traded in £ (or other base currency) per point Contracts Lots
Tax status No capital gains tax (CGT) or stamp duty3 No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction3 No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction3
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, 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 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

Fill in our simple online form

We’ll ask a few questions about your trading experience.

Get swift verification

We can usually verify your ID in just a few seconds.

Fund your account and trade

Or practise on a risk-free demo if you’d prefer.

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 16,000 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 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.

How much will I have to pay?

Margins

Spread betting and CFD trading are forms of leveraged trading, meaning you can win, or lose, a significant amount more than you deposit initially. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your trade.

Spreads

Your key payment for trading forex is the spread – the difference between the buy and the sell price – which is essentially our commission 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 0.9% 1:111
GBP/USD 3.33% 1:30 0.9% 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. spread5 DMA av. spread6
EUR/USD 0.6 0.70 0.165
AUD/USD 0.6 0.76 0.295
USD/JPY 0.7 0.79 0.242
EUR/GBP 0.9 1.33 0.540
GBP/USD 0.9 1.52 0.589
EUR/JPY 1.5 1.61 0.678
USD/CHF 1.5 1.67 0.399

How much will I have to pay?

Margins

Spread betting and CFD trading are forms of leveraged trading, meaning you can win, or lose, a significant amount more than you deposit initially. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your trade.

Spreads

Your key payment for trading forex is the spread – the difference between the buy and the sell price – which is essentially our commission 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 0.9% 1:111
GBP/USD 3.33% 1:30 0.9% 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. spread5 DMA av. spread6
EUR/USD 0.6 0.70 0.165
AUD/USD 0.6 0.76 0.295
USD/JPY 0.7 0.79 0.242
EUR/GBP 0.9 1.33 0.540
GBP/USD 0.9 1.52 0.589
EUR/JPY 1.5 1.61 0.678
USD/CHF 1.5 1.67 0.399

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 two weeks, 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.

Live prices on our most popular markets

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

Forex trading platforms

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

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

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

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

Award-winning forex provider

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 provider. Why trade with anyone but the No.1?

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 provider. Why trade with anyone but the No.1?

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1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2019).
2 Negative balance protection applies to trading-related debt only, and is not available to professional traders.
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 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019. For our minimum spreads, please see our forex spread bet and CFD details.
6 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. 75% 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.