Forex Direct
Get full market transparency and prices from global liquidity providers.
Available through our direct market access (DMA) trading platform, Forex Direct is our no-dealing-desk facility for forex trading.
You can place orders at any level, effectively acting as a market maker – and potentially trading inside the market spread.
When you trade currency through Forex Direct, there's no spread from us. All you pay is a small, transparent commission on each contract traded.
What are the charges?
The commission rates on your account vary based on the volume of contracts you traded in the preceding month.
| Contracts traded |
Commission (US$ per contract) |
|---|---|
|
0-250 |
7 |
|
251-1000 |
5 |
|
1001-10,000 |
4 |
|
10,000+ |
2 |
Any change in commission rate will apply from the first day of the next month.
If your account is not USD-denominated, the commission will be converted into your base currency (at current exchange rates) before being deducted.
An example of how commission is calculated
You start using Forex Direct in May, at an initial commission of $7 per contract. If you make 203 trades in May, the same commission will apply from 1 June.
By the end of June, you have traded 732 Forex Direct contracts. As a result, we reduce the charge for July to $5 per contract.
Activating Forex Direct
For more information on Forex Direct, including details of how to activate it, please download our Forex Direct guide (PDF, 305KB).
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.