Losses can exceed deposits

DMA product details

With our forex DMA service, you’ll have access to the interbank FX market by trading in IG’s name. Get direct access to prices from a wide range of global banks and liquidity providers, act as a market maker with your trades affecting the price of the underlying market, and view comprehensive data on currency pairs. 

Create an account

Commission

You won’t be charged a spread with Forex Direct – only variable commission of as little as USD10 per million dollars’ worth of currency traded. 

Our commission varies, depending on the volume you’ve traded the preceding month.

Size (millions of USD) Commission (USD per million)
1500+ 10
1500 20
500 30
100 60

If your account is not denominated in USD, the commission will be deducted after it has been converted into your base currency (at current exchange rates).

Average spreads

Because you’re trading on underlying prices generated by major banks and currency providers, there’s no IG spread on Forex Direct.

Currency pair Average FX Direct spread1
Spot FX AUD/USD 0.466
Spot FX EUR/JPY 0.765
Spot FX EUR/USD 0.307
Spot FX GBP/USD 0.758
Spot FX USD/JPY 0.275

Learn more about our Forex Direct service's benefits and how to get it.

1Time-weighted (22:00-20:00 GMT) average spread by trade (quoted to 3 decimal places), September 2015.