Trade forex with the No.1 provider for customer service*
Open a spread bet account to start trading forex
What is forex trading?
Forex, also known as foreign exchange or FX, is the exchange of different currencies on a decentralised global market. It is one of the largest and most widely traded markets in the world. Forex trading is the simultaneous buying and selling of global currencies on this market.
Forex is always traded in pairs, for example GBP/USD (sterling v US dollar). Our forex pairs are available to spread bet. You speculate on the price of whether the price of one currency will rise or fall against the other currency, and take a position accordingly.
More on spread betting
What is spread betting?
Spread betting is a tax-free^ way to trade on the price movements of thousands of global instruments. You can trade on forex, indices, commodities, shares and treasuries. Please note, tax treatment depends on individual circumstances and can be subject to change.
When you spread bet you take a position on whether you think the price of an instrument will rise or fall. You make a profit or loss based on whether or not your prediction was correct. Remember, profits and losses are relative to the full value of your position.
More on spread betting
Why spread bet precious metals?
How to spread bet precious metals
Choose the instrument you wish to trade
You can spread bet on as many as 300 currencies, including major forex pairs like GBP/USD, EUR/USD and USD/CAD.
Decide whether you want to buy or sell
Go long (buy) or short (sell) depending on whether you expect prices to rise or fall.
Choose your trade size
Your profit or loss depends on the number of points the trade moves for or against you, multiplied by your stake size.
Place and monitor your trade
Consider placing a stop-loss or guaranteed stop-loss order before confirming your trade. Monitor your position and close out whenever you want.
Our focus is you
We’re always looking for ways to improve your trading experience
Trade on our user-friendly platform, updated regularly with new functionality
Value for money
Keep your trading costs down with competitive spreads and low margins
We’ve won over 50 accolades in the last two years
*Awarded Best Customer Service based on highest user satisfaction among spread betters, CFD and FX traders, Investment Trends 2017 UK Leverage Trading Report.
**Awarded Best Platform Features, Best Mobile Phone/Tablet Platform and Best Education Materials/Programmes; ranked highest for Platform Reliability and Charting, based on highest user satisfaction among spread betters, CFD and FX traders, Investment Trends 2017 UK Leverage Trading Report.
^Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.