Ways to trade forex with IG

However you trade, and whatever your strategy, you’ll find what you need with IG. Trade using direct market access or over-the-counter, with a choice of products and platforms to suit your trading style. 

Create an account

Deal OTC or with DMA1

Trade over-the-counter for 24-hour live prices, or get direct market access and deal straight onto the IG order book against our liquidity providers. 

Key benefits for FX traders
  • Accessible solution
  • Trade on live prices 24 hours a day
  • No capital gains tax if spread betting2
  • Access to prices from a range of liquidity providers
  • Act as a market maker
  • Enhanced order control
What account types can I use

Spread betting and CFD

IG professional account - CFD only

Available platforms
  • Web-based platform
  • IG apps
  • MetaTrader 4
  • APIs
  • Web-based platform
  • L2 Dealer
  • APIs

CFDs vs. spread betting

Whether you’re looking for tax-free profits or direct market access, you’ll find a way to trade that suits you with IG.

  Spread betting account CFD account
Commission None (charge is in the spread)

None for OTC (charge is in the spread).

From USD10 per USD million worth of the currency traded when using DMA.

Spreads From 0.8 points

From 0.8 points OTC.

DMA market spreads vary, but can be zero depending on market conditions.
Overnight funding Yes Yes
Tax free profits2 No capital gains tax Offset losses against profits for tax purposes
Traded in Currency per point Number of contracts
Minimum trade size 50% of normal for first two weeks 50% of normal for first two weeks
Margin/leverage From 5% From 5%
Platforms available All platforms except L2 All platforms except the IG Trading web platform3
Risk management Full range of tools available Full range of tools available
Demo account Yes Yes
DMA1 No Yes1

Spread betting product detailsCFD product details

Choose your platform

We offer three platforms for trading forex, each with their own advantages. Whether you want direct market access, the ability to program and run your own automated trading strategy, or an easy-to-use browser-based trading platform, we have the solution for you. 

  IG web platform L2 Dealer MetaTrader 4
Account types Spread betting and CFD CFD only Spread betting and CFD
DMA1 No Yes No
Automated trading Yes (with ProRealTime) Yes Yes
Charge Free Free – but access is restricted to clients who have a minimum balance of £1000 VPS service is free to clients who maintain a £5000 account balance, but £50 per month otherwise.
Forex markets Over 90 Over 90 Over 50
Apps available Yes – all major devices No Yes

Web-based platform | L2 Dealer | MetaTrader 4

Products to suit your goals

In addition to our cash forex markets, we offer a range of products to help you achieve your trading goals, according to your preferred timeframe and appetite for risk.

Forward contracts4 Options5
  • No daily charge
  • Ideal for longer-term positions
  • Fixed expiry date, but you’re free to close out before this
  • Only available for spread-betting
  • Trade on volatility
  • Use for hedging your positions in the underlying
  • Low margins

Spread betting product detailsCFD product details | Options product details

Spread bets and CFDs are leveraged products and can result in losses that exceed deposits.

1 For professionals only. From 2 July 2018, regulatory interventions mean that certain products are unavailable to retail traders. As a result, we can only offer forex DMA to professional traders. To find out more about this, and to check whether you are eligible for a professional account, please see our professional account page. 

Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.

3 The new IG Trading platform is currently available to our spread betting clients only, but will be made available to CFD traders soon. 

4 Spread bets and CFDs are leveraged products and can result in losses that exceed deposits.

5 Options are currently only available on our classic platform and mobile apps. They will be available on the new IG Trading platform soon.