Across our trading accounts, you can find the right forex pricing model for your trading needs. Our goal is to give you the lowest trading costs possible. Whether you choose spread betting or CFD trading you can find the pricing you need.
With some accounts (spread betting and Mini accounts), you pay only the spread to trade forex. So you never have to anticipate commissions down the road. With spreads-only trading, your platform calculates your transaction costs automatically using this formula:
x ( Number of Lots Traded )Commissions
On our low-spreads-plus-commissions accounts (Standard and Active Trader CFD trading accounts), we charge competitive commissions to trade forex. Commissions are based on instrument and trade size, and start as little as £0.03 per 1K lot.
With spreads-plus-commissions trading, your platform calculates your transaction costs automatically using this formula:
x ( Number of Lots Traded )Active Trader Pricing
Reduced pricing is available to high-volume investors who open an FXCM Active Trader account. You can get deep discounts on your trading costs based on the volume you trade.Have an opinion on the pound?
Forex, Spread Betting and CFDsFree Practice Account Get Free £50,000 along with a FREE Forex trading guide Congratulations, You have successfully registered for a FXCM Forex Practice Account. Start Trading - FREE £50,000 Practice Account
Save your Login & Password
Use the login and password below to access your demo on our web, desktop, or mobile platforms. Your login credentials were also emailed to you.
Other Platform Options:
Want our innovative Trading Station Mobile app? Choose a Mobile Trading Platform below:
Don't see your mobile device? You can always log into Trading Station from your Mac or PC. Check your email for instructions.Demo registration is currently down for scheduled maintenance.
Compensation: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.
Commissions: Commission-based pricing is available on Standard and Active Trader account types. Commissions are charged at the open and close of trades in the denomination of the account.
Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.About FXCM Popular Platforms Launch Software More Resources Customer Service FXCM Policies
High Risk Investment Notice: Trading forex/CFD's on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail and professional clients. Due to the certain restrictions imposed by the local law and regulation, German resident retail client(s) could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds. Be aware and fully understand all risks associated with the market and trading. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.
Forex Capital Markets Limited ("FXCM LTD") is an operating subsidiary within the FXCM group of companies (collectively, the "FXCM Group"). All references on this site to "FXCM" refer to the FXCM Group.
Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Registration number 217689.
Tax Treatment: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.
Copyright © 2017 Forex Capital Markets. All rights reserved.
Company incorporated in England & Wales No.04072877 with registered office as above.
Update your browser now to view this website correctly. Update my browser now or visit this page on your mobile phone or tablet.
Spread betting has thrived since the dotcom crash. The concept was launched by Stuart Wheeler who in 1974 founded IG Index so that investors could punt on the gold price without all the expense of buying bullion at a time of penal exchange controls. Popular spread bets were originally based upon performances of the Financial Times, Dow Jones Index and other financial barometers. The purpose was to hedge investment positions and the betting was largely confined to those in the financial community.
Financing charged only
on margined portion.
Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Strong social offering.
New trading platform.
Never trades against clients.
City Index joined the market in 1983 and several others such as Financial Spreads, Cantor Index and Spreadex opened shop during the dotcom boom. There are now over a dozen firms offering spread betting services in the UK. Check Providers and Spreads in Retrospection.
As the table below shows, the financial betting industry is poised to grow at a CAGR of 26.33% between 2005 and 2010. A report last year by the Cass Business School predicts that the number of people in the UK with a spread betting account could more than double from its current estimate of 125,000 – 183,000 active spreadbettors to one million by 2012. Spread betting in Ireland is also on the increase.According to research by ETX Capital, 90% of spread betters are male, half live in south-east England, and they have an average income of £50,000. Spread bettors are typically men aged 35 to 55 who work in financial circles, often self-employed. The spread betting industry is now a multi-million pound industry and there are more than 93,000 active spread traders* in the UK alone and firms multiplying simultaneously. Betfair estimates that the global audience for spread betting and CFDs is about £650m per annum retail operator revenue, growing at a rate of about 20 to 30 per cent per annum.
* Source: Investment Trends 2012 Trading Behaviour Report. Active traders are defines as those who traded at least once in the past 12 months and intend to continue doing so.
There are now over 20 spread betting providers in the UK, and fierce competition has driven spreads down. A decade ago, the spread on a benchmark index such as the FTSE 100 index was around 10 points. Today it has fallen to around two. Consolidation rumours are constant, but most believe that the market is growing sufficiently to support this number of providers.
Over 400,000 people in the UK have a spread betting account, and the majority of the traders, currently, are male. Spread betters tend to be self employed individuals or those working in the IT and finance and insurance sectors. Who uses spread bets and what markets are available?
Spread betting appeals to the same kind of market as CFDs, namely experienced traders, active in the market who understand the risks associated with margins and gearing. Much of spread betting consists of short-term trades, volume-based, high volume day traders coming in and out of positions. Read more about our findings here
Experienced traders all spread bet for the simple reason that if they can make £10,000 from spread betting, then they can keep £10,000 spread betting, rather than handing over a significant proportion of it to the taxman.
I am going to be 100% honest with you. I don’t want you to think that at any point you have been mislead at all. I want you to read and be aware of the following before we go any further:
You will lose money as well as make it. Most professional traders will make on average 6 loss making trades out of 10. The important thing to remember is that the 4 winning trades make much more money than your losses.
Financial trading is not for the unemployed, anyone on a low income, who can’t afford to live – let alone afford to invest in their future as regards Financial Trading. You need at least £100 to start trading – money which you can afford to lose and is not ‘ear marked’ for anything. This is for serious people who are willing to take a small calculated risk, not for the shy or weak – no complaining or writing to TV programs should you lose your money.
Financial Trading is ‘Highly Geared’ – you can win and lose money quickly. The good news is that there has to be those that lose and those that win. This is a ‘Zero Sum’ game – the money you will make has to come from somewhere.
Note that if you’re an American you cannot participate in financial spread betting (unless you create an offshore company) because sites like Capital Spreads are highly regulated by the British Government (specifically, the FSA) which does not allow these sites to violate the U.S. laws prohibiting Americans from trading derivatives outside the U.S. Yes that’s right…you’re the only western industrialized nation that prohibits its supposedly ‘free’ citizens from speculating with your money offshore as you see fit. Call it protectionism by the CFTC, call it ‘big brother,’ call it whatever you like; it isn’t right. If you are from the US you simply have to consider taxes as a type of ‘slippage’ that you as a trader in the States need to overcome with better ‘edges’…Holy Grail First let’s make this clear. I am an investor. I care about investing my hard earned cash in the right places and making a sensible and consistent return. I do not think there is a secret for how to make money on the stock market, you have to find a good strategy and then stick with it, and not overrule it (because then you are no longer following your strategy). It’s OK to develop and tweak the strategy as you gain more experience, but the fundamental strategy should remain the same. So Where can I Spread Bet?
There are a number of established spread betting companies in the UK and Europe, backed by fairly reputable and large bookmakers. You may need a local mailing address in order to open an account with them. The most popular include Capital Spreads, IG Index, City Index and CMC Markets.
Ayondo is a trading platform and social trading network launched in Germany in 2009. It is currently headquartered in London, where its trade execution services (ayondo markets) are regulated by the Financial Conduct Authority (FCA). The other half of the company, (ayondo GmbH) which offers social trading services, is registered with BaFin, Germany’s financial regulator.
Ayondo Markets LimitedLondon Capital Group (LCG)
London Capital Group Limited (LCG) is a wholly owned subsidiary of LCGH plc. LCG is authorised and regulated by the Financial Conduct Authority (FCA) under the company’s registration number of: 182110. The company has a European passport and is a member of the London Stock Exchange.
Please note: Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
LCG have traditionally aimed to provide good value. Minimum stake starts at £1/€1/$1 a point and most markets are covered including indices, shares, currencies, commodities, bonds and interest rates. Or if you’re new to spread betting you can take advantage of their free demonstration account (click link and choose ‘Open Demo Account’) which offers a choice of products while mirroring the functionality of their live trading platform.
London Capital Group
London, SW1X 7LX,InterTrader
InterTrader (formerly Party Markets) is a white-label of LCG and a division of GVC Holdings PLC, a global multi-national company with a market capitalization of 2 Billion.ETX Capital
ETX Capital is a wholly owned subsidiary of Monecor (London) Ltd, which was launched in 2002.
ETX Capital has just launched a new platform which seems much better that it used to be; sure the spreads may not be fantastic but it is very easy and simple to use.
Founded in 2004 Spread Co is a privately owned, UK FSA Regulated, specialised spread trading, CFD and forex software provider and market maker.
Launched in 1999 by City dealer Jonathan Hufford, Spreadex offers both sports and financial spread betting and the company is especially renowned for its tight margins and friendly dealers.
Established in 1974, IG Group consists of IG Index (spread betting) and IG Markets (CFDs) and is now a public company listed on the LSE as IG Group (IGG.L). IG Index employs around 500 employees and has offices in the UK, Australia, Singapore, and more recently Germany.Finspreads
Sporting Index, one of the market leaders in sports spread betting, established Financial Spreads (aka Finspreads) as its financial spread betting operation in April 1999 by recruiting five traders and a back office team from within the industry.
Online dealing was introduced in February 2001, providing an alternative to Financial Spreads’ established telephone-based operations. Since then, the business has seen betting volumes increase rapidly as clients have been attracted to the Internet as a distribution channel.
In May 2002, Sporting Index decided to concentrate on their core business and sold Financial Spreads to IFX Group PLC for £8.7 million. In Mid-2006 IFX Markets (which operates Finspreads) was acquired by City Index in their quest to consolidate their position in the industry (Finspreads having a significant client base.) and expand their business horizons and thereby both City Index and Finspreads are now subsidiaries of City Index Holdings Ltd. The two companies are now under the same roof and share the same office floor and systems so although retaining the name…it is all City Index driven. In addition to spread betting, IFX deals in FOREX, CFD’s and commodities. The Group is a member of the FSA, and, for the purpose of spread betting, holds a bookmakers’ license. Finspreads, now part of the City Index group, claims to have 28,000 clients on its books making well over one million trades a year.
Finspreads, a division City Index Ltd.
Client services and queries: 08000 96 96 20 or 020 7150 0400 (Mon-Fri: 08.00-20.00 GMT)
Trading desk: 08000 96 96 25 or 020 7150 0500 (Sun 21.30- Fri 21.15 GMT)City Index
City Index started back in 1983 and were among the first companies to offer spread betting alongside IG Index. They are based Finsbury Circus in London, in the same building as Intercapital Plc, their parent company. The CityIndex site features a free trading simulator which is sure to be useful for those of you who just want to test the platform
City Index offers a comprehensive range of spread betting products and instruments, including UK, European, US and Far East markets, currencies, commodities and individual equities through its real time trading platform. Financial tools such as a charting package, technical analysis, heat-maps, markets research and an options model are also available. All bets are made in sterling with small stakes and limited risk bets available on certain markets. The online trading platform is updated every second.
City Index is owned by Michael Spencer who is the City’s richest man just in case you haven’t heard of him…He probably does not wear M&S ties, either: he says that his 11-year-old daughter chooses his ties for him. Michael Spencer was a billionaire until the credit squeeze hit – the fall in ICAP shares has wiped £483m off his worth. He started by working in London’s futures markets and set up ICAP, the world’s biggest moneybroker, in 1986, in which he now owns a £230m stake in the firm. He’s also a keen poker player and of course as we’ve just mentioned owns City Index, the spread betting firm.
City Index forms part of the Intercapital Private Group (now Garban Intercapital), which has a significant shareholding in ICAP plc, the worlds leading derivatives broker.
Address: City Index Ltd, Park House, 16 Finsbury Circus, London EC2M 7EB
Contact E-mail/Telephone/Fax: email@example.com +44 (0)20 7550 8500CMC Markets
CMC Group, the company behind CMC Markets, started life in 1989 as a market maker in Foreign Exchange. In May 1996, CMC became one of the first companies worldwide to launch a real-time Foreign Exchange Internet trading service. Since this launch, CMC has evolved into one of the largest Internet-derived trading companies in the world, trading billions of dollars each week. CMC Markets has 20 global offices providing a localised service to clients in 70+ countries around the world. The company’s ultimate controlling party is P A Cruddas by virtue of his (and his wife’s) 99.9% shareholding in the company. Net profit before taxation for 2006 (before staff E.B.T and related items) was £37,600,000 (2001 – £14,654,395).
CMC Group Plc, 133 Houndsditch, London, EC3A 7BX infoATcmcmarkets.co.uk +44(0) 20 7170 8201
The content of this site is Copyright 2010 - 2017 Financial Spread Betting Ltd. Please contact us if you wish to reproduce any of it.
Millions of people from all over the world have been using the internet to invest, trade with the purpose of making profit. Australians are no different, in fact they are one of the most active nations in that respect.
Due to the high levels of internet literacy, internet penetration and the higher average disposable income, paired with the non-restrictive regulatory framework, it is not strange that there is a very large number of Australian citizens who trade forex online.
It is basic economics that if a product or service is in high demand, the supply will tend to increase as well. Therefore, it is obvious why there are so many Australian forex brokers. These companies offer Australian traders a chance to make significant profits. Due to heavy competition, brokers offer lucrative bonus offers and very competitive spreads, in order to attract as many new customers as possible, as well as to keep the current ones.
Deposit: $5 Leverage: 888:1
Deposit: $100 Leverage: 1:294
Deposit: $50 Leverage: 1:1000
Deposit: $50 Leverage: 400:1
Deposit: $100 Leverage: 200:1
Deposit: $250 Leverage: 400:1
The Role of the Australian Securities & Investments Commission
Australian Securities & Investments Commission (ASIC) is the name of the independent body which is in charge of regulating forex trade in Australia. The body was initially formed in 1991, as the Australian Securities Commission (ASC) and it currently employs over 1,800 people. The remit of this organisation is to protect customers, investors and creditors, on a federal level and make sure that Australia’s financial services laws are enforced and obliged.
ASIC closely follows the situation with the forex brokers that offer trading to Australian citizens, tries to make sure that no unauthorised brokers will trick Australians into thinking that they are legitimate.
There have been debates regarding the risks of leverage trading and a possibility of limiting the leverage that brokers can offer up to a much lower figure has not been ruled out. There are quite a few countries, most notably US and Japan that limit the leverage up to 50:1 and 25:1, respectively, but there are also examples to the contrary. In the UK for example, there aren’t such limitations and currently one can find brokers that offer leverage up to 1000:1. In Australia currently, you can find brokers that offer leverage up to 500:1.Basic Forex Trading Tips
Now you know that you have to choose a broker that is licensed by the ASIC, but perhaps you still don’t know enough about forex trade. Making a profit from trading isn’t easy and it sure takes practice and experience to improve your trading skills. But, there are general guidelines that you can follow, which will surely increase your chances of making a profit.
Everybody who wants to start trading forex has to understand that it probably won’t become your main source of income and that you need to be very careful with the money you invest in forex. It is best not to use money that you need for something else, and you should definitely not risk your rent/food/utility bills money.
It isn’t very wise to risk your full bankroll on a couple of trades. Make an assessment, set a number of trades you’d like to make per day or per week and then divide the bankroll accordingly. Bear in mind that trading with leverage is risky and you may end up losing most of your initial investment.
That is why the amount has to be small enough so that even a few losses in a row won’t hurt your finances.
Some brokers offer 30 currency pairs, some even more, like 40, 50 or even up to 60. It is not smart to trade a currency pair if you’re not familiar with either currency and it is particularly unwise to trade if you’re not aware with the trade relationships between the respective countries, their economies etc. As an Australian, you probably know most about the Australian dollar and the respective pairs where it is one of the parties. But, it doesn’t mean that you should necessarily trade only Australian dollars.
Most forex brokers offer free learning material such as e-books, video tutorials and even webinars on forex and forex trading. Online you can find a lot of other sources. However, nobody can predict with a full degree of accuracy and nobody can guarantee that you’ll make a profit. If they say they do, they’re lying. Always follow the movement of the price of the gold, it can be a very strong indicator.
Last but definitely not least, just because you’ve lost on your last few trades it doesn’t mean that your next trade will be a profit, the movement of the currency rates is irrespective of your investments. Don’t try to compensate for what you’ve lost by investing even more in your next trade, because you may end up in a vicious circle and eventually lose all your money.Forex Brokers and Their Offer
Your chances of making a profit will also be increased if you choose the right forex broker, i.e. the one that offers the best prices, bonuses and leverage. Moreover, the whole trading experience will also be significantly better if you choose the right broker. That is why you should definitely pay attention to the following things, inasmuch as each of them is important to you.
There are some other issues that might be of importance to traders, like customer support, user-friendliness of the trading website and the quality of the learning materials, as most brokers provide at least some sort of tutorials and other useful information regarding forex trading.
No, currently there isn’t a limit applied and many Australian brokers offer leverage as high as 500:1, but there have been several discussions regarding the introduction of a leverage limit and that option hasn’t been ruled out.
Yes, forex trading gains and losses are taxed under Income Tax Assessment Act of 1997, or more specifically, Division 775 and Subdivisions 960 C and D.
Currency gains and losses are subjected to taxation only in the event when they are ‘realised’. According to the legal provisions, there are several realisation events for foreign currency, the following ones – disposal, ceasing to have a right to receive, ceasing to have an obligation to receive/to pay and ceasing to have a right to pay (foreign currency).
Yes, Australian traders who are trading through brokers licenced in Australia will receive their bonuses in Australian dollars.
Due to the unique nature of Australia’s economy which is heavily dependent on the price of commodities that Australia exports. The Australian dollar is pretty independent from other major currencies, but it is highly volatile, which makes it a very interesting currency for speculative traders.Latests Articles Indian Banks Continue To Suffer Amidst A Struggling Economy
When Prime Minister Narendra Modi and hisStandard Chartered Probed On $1.4bn Illegal Cash Transfer
Guernsey’s Financial Services Commission and the Monetary
© Sports Betting 2018