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 Direct 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.
Forex Direct is our DMA service, designed exclusively for forex traders. With direct access to the underlying market, you no longer pay an IG spread. Instead, we charge you a low commission and you trade on buy and sell prices sourced from a range of global banks and liquidity providers, giving you increased visibility into the underlying market and tight, institutional-tier spreads.
Find out how direct market access gives experienced traders increased flexibility, visibility and pricing options.
With Forex Direct, we charge a variable commission instead of a spread, based on the volume you traded in the preceding month.
If your account isn’t denominated in USD, the commission will be converted into your base currency (at current exchange rates) before being deducted.
See an example of our Forex Direct commission
Trading on buy and sell prices quoted directly from a range of venues gives you a tighter spread than trading an over-the-counter product.
Our technology is engineered to find the best available prices for both OTC (over-the-counter) products and DMA. DMA prices aren’t necessarily better than OTC, but direct access to the markets can give you greater visibility as a trader.
With the added complexities to the trading environment offered by DMA, there can be an increased risk. We take a parallel position in the underlying market, so once your order has been executed, we can’t change or reverse it.
While you’re trading based on the underlying market, what you actually receive on placing a DMA trade is a CFD from us. It works like this:
While you’re trading at market prices, you don’t gain any ownership rights over the currencies which form the subject of your CFD.
*You will usually need £1000 in your account to access L2 Dealer with IG.
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1Time-weighted (22:00-20:00 GMT) average spread by trade (quoted to three decimal places), September 2015.