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 (FX) trading account with the South Africa's best forex provider1 and use our range of powerful platforms to take advantage of movements in currency prices.

Call 010 344 0051 or email to talk about opening a trading account. We're around 24 hours a day from 6am Saturday to 11pm Friday.

Contact us: 010 344 0053

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 6am 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 CFD provider

Fund your international accout with a credit or debit card for easy access to the forex market

Ways to trade forex with IG

CFD DMA (Forex Direct)
Main benefits Tax-deductible losses are useful for hedging3 Increased market transparency and order control
Accessible to All clients Professional clients only4
Traded in Contracts Lots
Tax status 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 for FX Commission-free for FX
Platforms Web, mobile app and advanced platforms L2 dealer, mobile app, terminals and APIs
Learn more about CFD trading Learn more about DMA

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 FX trading account today

Fill in our simple online form

We’ll ask a few questions about your trading experience

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 min. spread IG av. spread5 DMA av. spread6
EUR/USD 0.6 0.75 0.142
AUD/USD 0.6 0.76 0.329
USD/JPY 0.7 0.76 0.212
EUR/GBP 0.9 1.23 0.398
GBP/USD 0.9 1.17 0.639
EUR/JPY 1.5 1.64 0.48
USD/CHF 1.5 1.7 0.489

Depending on your position, you may need to pay overnight funding.

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.

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Live prices on our most popular markets


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 No.1 retail FX provider1

IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?

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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.

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, exceeding the ZAR equivalent of €500,000.
5 Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st March 2019. For our minimum spreads, please see our forex 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.

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 CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.