Forex trading

Trade CFDs on over 330 spot and forward currency trading pairs, including major, minor and exotic FX pairs.

New to forex trading? Find out more in our introduction to forex.

Over 330 FX pairs

Spreads from 0.7 points

Award-winning platform

Risk management tools

Earn cash rebates^

100% automated execution

What is forex trading?

Forex trading is the simultaneous buying and selling of the world’s currencies on a decentralised global market. It’s also referred to as the foreign exchange or FX market. As one of the largest and most liquid financial markets in the world, its total average turnover per day is reported to exceed $5 trillion. The forex market is not based in a central location or exchange so is open to trade 24 hours a day, from Sunday night through to Friday night.

Find out more in our introduction to forex

How do you trade forex?

Our forex pairs are available to spread bet and trade as contracts for difference (CFDs). When trading forex, you speculate on whether the price of one currency will rise or fall against another.

For example, if you choose to trade AUD/USD (Australian dollar/US dollar) and you think the value of the AUD will rise against USD, you go long (buy). If you think AUD will fall against USD, you go short (sell). If your prediction is correct, you make a profit. If your prediction is incorrect, you would make a loss.

View more examples of forex trading

Currency pairs

Forex is always traded in currency pairs, for example EUR/USD. The first currency (EUR) is called the ‘base currency’. The second currency (USD) is known as the ‘counter currency’. The way currencies are displayed shows us how many units of the counter currency you can buy with one unit of the base currency. This is the exchange rate, or in other words, how many US dollars you can buy for one euro.

Forex CFD product details

View the spreads, margins and trading hours for some of the most popularly traded FX pairs on our Next Generation CFD trading platform below.

Product	Minimum spread*	Margin rate from	Trading hours
AUD/USD	0.7	0.20%	Mon 06:00 to Sat 07:00
AUD/JPY	1.3	0.20%	Mon 06:00 to Sat 07:00
AUD/NZD	2.6	0.30%	Mon 06:00 to Sat 07:00
EUR/CHF	2.5	3.665%	Mon 06:00 to Sat 07:00
EUR/GBP	1.1	0.20%	Mon 06:00 to Sat 07:00
EUR/JPY	1.5	0.20%	Mon 06:00 to Sat 07:00
EUR/USD	0.7	0.20%	Mon 06:00 to Sat 07:00
GBP/CHF	2.8	0.25%	Mon 06:00 to Sat 07:00
GBP/JPY	2.5	0.20%	Mon 06:00 to Sat 07:00
GBP/USD	1.0	0.20%	Mon 06:00 to Sat 07:00
INR/USD	10	1%	Daily 13:30-21:30 / 22:15 - 04:00
NZD/JPY	2.8	0.20%	Mon 06:00 to Sat 07:00
NZD/USD	1.8	0.20%	Mon 06:00 to Sat 07:00
USD/CAD	1.7	0.20%	Mon 06:00 to Sat 07:00
USD/CHF	1.0	0.25%	Mon 06:00 to Sat 07:00
USD/CNH	10	2%	Mon 11:00 to Sat 07:00
USD/CZK	3.0	2%	Mon 06:00 to Sat 07:00
USD/DKK	7.0	2%	Mon 06:00 to Sat 07:00
USD/HKD	5.0	4%	Mon 06:00 to Sat 07:00
USD/HUF	20.0	2%	Mon 06:00 to Sat 07:00
USD/JPY	0.7	0.20%	Mon 06:00 to Sat 07:00
USD/MXN	75.0	2%	Mon 06:00 to Sat 07:00
USD/NOK	25.0	0.40%	Mon 06:00 to Sat 07:00
USD/RUB	2.2	10%	Mon 16:00 to Sat 01:00
USD/SEK	3.0	0.40%	Mon 06:00 to Sat 07:00
USD/SGD	3.0	0.30%	Mon 06:00 to Sat 07:00

Award-winning platform

Our platform combines innovative trading tools with an intuitive interface. Native mobile apps for iPad, iPhone and Android give you access to your account wherever you are.

Learn more about our platform

Countdowns

Try Countdowns for fast-paced, fixed-odds trading on popular financial markets. Just decide whether the price of a product will be above or below the current price at the end of a range of short-term timeframes, from just 30 seconds.

Discover Countdowns

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*A minimum spread is the lowest spread that will be shown on the given product. If the underlying market spread widens throughout the trading day, or you are trading out of hours, the platform spread may also widen. The spreads shown are for the first price available for the average market trade/bet sizes in the relevant product. The spread will widen for larger trade/bet sizes, see our platform for more information.

This data is provided for general information only and may not be current. Please refer to the product overview area of our trading platform for real-time information on the spreads, margin rates, commission (as applicable) and trading hours of a particular product.

Please note that the change in price that results in a P&L change equal to your stake size is represented by the last large digit in the price shown on the platform.

At the end of each trading day (5pm New York time), positions held in your account may be subject to a holding cost. The holding cost can be positive or negative depending on the direction of your position and the applicable holding rate. Historical holding rates, expressed as an annual percentage rate, are visible on our platform within the overview section of each product. View further details about our CFD trading holding costs.

^We offer competitive monthly cash rebates for clients who trade in high volumes and if you meet our monthly notional value requirements for one asset class, you automatically qualify for monthly rebates for all asset classes; conditions apply.

Awarded 'Customer Service Team of the Year - small team', CSIA Australian Customer service awards 2018. Awarded ‘Overall satisfaction,’ ‘Value for money’ and ‘Customer service’, Investment Trends 2017 Australia CFD Report; ‘Risk management’, ‘Education materials/programs’ and ‘Trading ideas/strategies’, Investment Trends 2017 Australia Reports CFD & FX. Awarded ‘Best CFD Broker’ Finance Magnates 2017. Awarded ‘Best Online Trading Platform’ and ‘Financial Services Provider of the Year’, 2016 Shares Awards.

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