Practice FX trading on our risk-free demo account
Refine your trading skills on our suite of powerful features and tools
- Practice trading on over 300 major, minor and exotic FX pairs
- Powerful charting and innovative trading tools
- Award-winning support around the clock, whenever the markets are open
- Practice on the move with our native mobile apps
Value for money
We offer competitive and reliable pricing, with tight spreads and low margins^. Trade CFDs on key FX pairs like EUR/USD from 0.7 points and GBP/USD from 0.9 points. Forex margin rates start from 0.20%.
Advanced charting
Powerful charting offers a host of features to support your forex trading, including multiple chart types, over 80 technical indicators and drawing tools, pattern recognition and a chart forum community.
Multiple award-winners
We have won over 50 awards worldwide since 2013 – a recognition of the quality of our service, and dedication to delivering innovation and technology through our web-based trading platform and native mobile apps.
Intuitive platform
Our unique online CFD trading platform, Next Generation, has already won multiple awards and we’re consistently working on new functionality, products and tools to enhance your forex trading experience.
98% of calls answered in under 20 seconds
When there's a market open, we are too
What is forex?
Foreign exchange trading, also known as FX or forex, is the simultaneous buying of one currency and selling of another. The forex market is not based in a central location or exchange, so it's open 24 hours a day from Monday morning through to Saturday morning.
Forex is always traded in pairs. When trading forex, you always speculate on whether the price of the base currency will rise or fall against the counter currency. So with GBP/USD if you think GBP (the base currency) will rise against USD, you go long (buy) the currency pair. Alternatively, if you think GBP will fall against USD (or that USD will rise against GBP), you go short (sell) the currency pair. If you were right (that is if you went long GBP/USD and GBP went up in value against USD), you would make a profit. If the trade went against you, however, you would make a loss.
Forex is available to trade using leverage, which means your potential profits are magnified, as well as your losses.
Why trade forex with CMC Markets?
- Huge choice of forex pairs tradable around the clock
- Practice on our award-winning Next Generation platform and mobile apps
- Build your risk management skills with our range of stop orders including guaranteed stop-loss orders
- Award-winning customer service
Open a free demo account today
- Trade $10,000 virtual cash
- No expiry date
- Instant approval – start practicing in seconds
- No credit card information required
Trade FX with a reputed global provider
60,000
active clients worldwide across all account types
66.8M
trades per annum across all products
14
global offices
Winner 2014
Overall client satisfaction
Investment Trends 2014
Australia Online Broking Report
Winner 2014
Value for money
Investment Trends 2014
Australia Online Broking Report
Winner 2014
Platform Features
Investment Trends 2014
Singapore Leveraged Trading Report
Winner 2015
Plaftorm features
Australia CFD Report
Winner 2015
Research tools
Australia CFD Report
Winner 2015
CANSTAR Online Share Trading Outstanding Value Australia
Casual investor 2011-2015
Winner 2015
Service Excellence
The Australian Business Awards 2015
Winner 2015
Platform Features
Investment Trends 2015
Australia FX Report
Awarded 'Best Platform Features', Investment Trends 2015 Australia FX Report, based on highest user satisfaction among CFD Traders.
Investment Trends 2015 Australia FX Report
*Awarded 'Service Excellence', The Australian Business Awards 2015; 'Platform Features', 'Research Tools', Australia CFD Report 2015, for our Next Generation Platform; CANSTAR Online Share Trading Best Value Australia 2011-2016. CANSTAR Online Share Trading Outstanding Value Australia, casual investor 2011-2016.
Awarded 'Best Platform Features', Investment Trends 2015 Australia FX Report, based on highest user satisfaction among CFD Traders.
Spreads may widen and margins may increase in volatile markets