Forex trading
Harness volatility in the world's most-traded financial market with Australia's No.1 forex provider.1
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Contact us: 1800 601 799
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Contact us: 1800 601 799
Why trade forex with IG?
Get an edge with our award winning web-based platform and mobile apps2
Access over 80 major, minor and exotic forex pairs.
Get friendly, expert support 24 hours a day except from 7am to 1pm Saturdays (AEST)
Identify FX opportunities on clear, fast charts and deepen your analysis with ProRealTime
Get peace of mind trading forex with Australia's No.1 FX provider.1
Open a forex CFD trading account quickly and easily – you could be trading forex in minutes.
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 advantages?
- Go long or short
- 24-hour trading
- High liquidity
- Regular opportunities
- Trade on leverage
- Wide range of FX pairs
How do I trade forex?
- Decide how you’d like to trade forex
- Learn how the forex market works
- Open a forex trading account
- Build a trading plan
- Choose your forex trading platform
- Open, monitor and close your first position
Open an account now
Open an FX trading account today
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 48 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 48 years of experience, we’re proud to offer a truly market-leading service
Ways to trade forex CFD with IG
| OTC | DMA (Forex Direct) | |
| Accessible to | All clients | All clients |
| Traded in | Contracts | Lots |
| Commission | There will be no commission charge for FX CFDs, and we charge spread instead. Other fees and charges may also apply. | From $10 per $1 million |
| Platforms | Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs | Web, mobiles apps, L2 Dealer, terminals and APIs |
| Demo account | Yes | No |
| Limited Risk | Guaranteed stops | - |
| Learn more | Learn more |
All forex costs and details
For full details including spreads, trading hours and margins for all our currency pairs, follow the links to our help area.
How much does CFDs on FX trading cost?
Margins
When you 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 CFDs on 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. Spreads are subject to variation, depending on market conditions.
| Spot FX | Retail margin | Leverage equivalent | Pro Level 1 margin What is this? |
Pro Level 2 margin |
| EUR/USD | 3.33% | 1:30 | 1% | 0.40% |
| AUD/USD | 3.33% | 1:30 | 1% | 0.40% |
| USD/JPY | 3.33% | 1:30 | 1% | 0.40% |
| EUR/GBP | 3.33% | 1:30 | 1% | 0.40% |
| GBP/USD | 3.33% | 1:30 | 1% | 0.40% |
| EUR/JPY | 3.33% | 1:30 | 1% | 0.40% |
| USD/CHF | 3.33% | 1:30 | 1% | 0.40% |
| Spot FX | IG min. spread | IG av. spread3 | IG av. spread (00:00 - 21:00)4 |
| EUR/USD | 0.6 | 1.00 | 0.75 |
| AUD/USD | 0.6 | 1.01 | 0.74 |
| USD/JPY | 0.7 | 1.12 | 0.83 |
| EUR/GBP | 0.9 | 1.71 | 1.19 |
| GBP/USD | 0.9 | 1.66 | 1.19 |
| EUR/JPY | 1.5 | 2.27 | 1.76 |
| USD/CHF | 1.5 | 2.15 | 1.91 |
Discover our forex markets
Find your next opportunity in our huge range of over 80 major, minor and exotic forex pairs.
PDF (154 KB)
FX Margin Tiers (CFD, Retail)
Prices on 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.
Tailor your charts and trade with the latest info to navigate markets with confidence.
Get increased control over your forex CFD trades with our DMA platform.
Trade forex on the move, so you need never miss an opportunity.
Start trading today
Open an account in minutes and trade
Choose Australia's No.1 CFD provider1
Find opportunity in over 17,000 markets.
Start trading today
Simple account opening. Easy-to-use platform. First-class customer service. Choose an established world leader in online trading.
Start trading today
Simple account opening. Easy-to-use platform. First-class customer service. Choose an established world leader in online trading.
Get the latest forex news
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1 Number 1 in Australia by primary relationships, CFDs & FX, Investment Trends November 2023 Leveraged Trading Report.
2 Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
3 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 CFD details.
4Average 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 CFD details.
Contact us
Interested in opening an account?
Contact 1800 601 799 or newaccounts.au@ig.com
Want to check on your application’s progress?
Email newaccounts.au@ig.com
Have another question?
Browse our Help and Support portal
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