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IG is the UK's No.1 retail forex provider1
Spreads from 0.6 pips on EUR/USD and AUD/USD
Trade bitcoins 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. Learn more about Forex with IG, and see how to buy and sell currencies with examples.
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.
Keep your currency trading costs down — we’ve cut spreads by up to 35% on nearly 40 FX pairs, so you can trade pairs like EUR/USD and AUD/USD from just 0.6 points.
|IG spreads||Forex Direct (DMA)|
|Min. spread||Av. spread2||Av. spread3|
The FX spread represents the cost of trading on each forex pair, and is essentially our commission for executing your trade.
South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.
1 UK's largest retail FX provider based on number of active accounts (Investment Trends UK Leveraged Trading Report released August 2018).
2 Average spread for the 12 weeks ending 24 February 2017. For our minimum and typical spreads, please see our forex CFD details.
3 Time-weighted (22:00-20:00 GMT) average spread by trade (quoted to three decimal places), March 2016.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.