Losses can exceed deposits

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 DMA

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. 

  OTC DMA
Key benefits for FX traders
  • Accessible solution
  • Trade on live prices 24 hours a day
  • No capital gains tax if spread betting1
  • 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

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 profits1 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 0.5% From 0.5%
Platforms available All platforms except L2 All platforms except the IG Trading web platform2
Risk management Full range of tools available Full range of tools available
Demo account Yes Yes
DMA No Yes

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 Classic platform: CFD
IG Trading: Spread betting
CFD only Spread betting and CFD
DMA Yes (with Forex Direct) 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 contracts3 Options4 Digital 100s5
  • 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
  • Range of timeframes, from five minutes to one month
  • ‘Sell’ volatility to profit even if a market isn’t moving
  • Range of digital 100 types, including up/down, ladders and one-touch
  • Limited risk; lose no more than your initial stake on each trade

Spread betting product detailsCFD product details | Options product details | Digital 100s product details

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

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

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

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

4 Options and our full range of digital 100 binaries are currently only available on our classic platform and mobile apps. They will be available on the new IG Trading platform soon.

5 Although digital 100s and sprints are limited risk, you should be aware that there is still the potential to make substantial losses as well as gains.