Practice FX trading on an award-winning platform

Hone your trading skills with our suite of powerful features and tools

  • Practice trading CFDs on over 300 major, minor and exotic FX pairs
  • Powerful charting and innovative trading tools
  • Practice on the move with our mobile and tablet apps
  • Award-winning support around the clock, whenever the markets are open

Open a free demo account now

No risk

  • Trade $10,000 virtual funds
  • No expiry date
  • Instant approval – start practicing in seconds
  • No credit card information required
CMC Markets
CMC Markets

You are our focus

Our goal is to offer you a superior forex trading experience. We're passionate about online forex trading, constantly innovating and aiming to improve how our clients invest in the financial markets.

CMC Markets

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, 1 point on major indices like the UK 100, and 0.3 points on Gold. Our margin rates start from 0.20% for FX and index CFDs.

CMC Markets

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.

CMC Markets

Over 25 years' experience

Since launching in 1989, we've become one of the world's leading CFD trading providers. As one of the industry’s pioneers, you can be confident that when you're trading forex with us, you're trading with one of the best in the business.

CMC Markets

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.

CMC Markets

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.

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

Find out more about forex

No risk

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

57,000

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

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CFD trading can result in losses that exceed your deposits. Ensure you understand the risks.