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      Get great rates on majors like EUR/USD, plus minors and exotics

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      Trade on metals, energies & softs, with oil spreads from 2 cents

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    • Spread betting

      Bet on global price movements in £ per point

    • CFD trading

      Trade on 1000s of assets without owning them

    • Pricing

      Discover our tight spreads, plus all other possible fees

    • Risk management
    • Trading accounts
    • Trading hours
    • 24-hour trading
    • Maintenance schedule
    • Forex

      Get great rates on majors like EUR/USD, plus minors and exotics

    • Indices

      Enjoy 24-hour pricing on the UK100, US30 and more

    • Commodities

      Trade on metals, energies & softs, with oil spreads from 2 cents

    • Shares
    • ETFs
    • Currency indices
    • Dividends for index CFDs
    • Dividends for share CFDs
    • CFD forwards
    • TradingView

      Trade through the world-famous supercharts with great pricing

    • MetaTrader 5

      Explore the apex in trading automation with our execution tech

    • The Pepperstone platform
    • MetaTrader 4
    • cTrader
    • Trading tools
    • Navigating markets

      Latest news and analysis from our experts

    • The Daily Fix

      Your regular round-up of key events

    • Meet the analysts

      Our global team giving your trading the edge

    • Who we are

      Pepperstone was born from the dream of making trading better

    • Company news
    • Company awards
    • Protecting clients online
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Open a forex trading account

Trade on 90+ forex pairs with spreads as low as 0.0¹

Spread bet or trade CFDs on forex, with ultra-competitive spreads and dedicated local service.

Try demo
Join now
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You can find the full list of our forex pairs and spreads  here. 

Why trade on forex with Pepperstone?

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Razor-sharp spreads

Trade with spreads from 0.0 and low commission on a Razor CFD account.1 Standard CFD and spread betting accounts are commission-free, with spreads from 1.0 and 0.6 respectively. 

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Outstanding execution

Place trades with confidence, knowing you’ll get execution speeds from 50 milliseconds, a 99.89% fill rate and no dealer intervention.2

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Smart trading tech

With Pepperstone you can trade forex on a range of popular platforms.  Choose from TradingView, MetaTrader 4, MetaTrader 5, cTrader or our own Pepperstone platform. 

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Spread betting or CFDs

Choose spread betting for competitive, zero-commission pricing and tax-free profits.3 Or trade forex CFDs for our tightest spreads and an experience that mirrors traditional trading.  

Choose a broker trusted by 750,000 traders worldwide4

Best Forex Trading Platform

ADVFN International Finance Awards 2025 

Best Overall Broker

Compare Forex Brokers Awards 2025 

Global Forex Broker of the Year

FxScouts Annual Broker Awards 2022-24 

#1 for Overall Customer Satisfaction

Investment Trends UK Leveraged Trading Report 2024 

Our numbers speak for themselves

Data for the Pepperstone Group, correct as at 1 April 2025

750K+

Traders

$400B+

Monthly trading volume

$50M+

Withdrawn each month

10

Global offices

Start trading on forex today

Sign up now for free

What forex pairs are available with Pepperstone?

Majors

A comprehensive list of major pairs, including: AUDUSD, EURUSD, GPBUSD, USDJPY

Minors, crosses & exotics

Dozens of pairs, including: AUDNZD, AUDCHF, GBPAUD, EURGBP 

Non-deliverable forwards

A selection of contracts, including: USDBRL, USDINR 

Currency indices

Three index CFDs tracking the value of EUR, JPY and USD vs a basket of currencies.

How to start trading forex spread bets or CFDs with Pepperstone

We offer a fast, reliable platform that leaves you free to focus on the important decisions. 

Choose your account type

Spread betting 

For tax-free trading3 

CFD trading (Razor)  

For spreads from 0.01 

CFD trading (Standard) 

For tight spreads and zero commission 

Choose your platform

Trade your way with a choice of popular trading platforms: 

MetaTrader 4 | MetaTrader 5 | cTrader | TradingView | Pepperstone platform

Deposit funds quickly and securely

Choose from a range of instantaneous, fee-free funding methods. 

VISA | Mastercard | Google Pay | Apple Pay | Bank Transfer 

All money is held in segregated bank accounts in accordance with regulation, and you can withdraw at any time. 

Plan and execute your strategy

You can go long or short on 90+ FX pairs, including: 

AUDUSD, GBPUSD, EURUSD, USDJPY 

If you need help figuring out a plan, get daily insights from our team of analysts.

³ The term ‘tax-free’ refers to current UK tax law, which states that UK spread betting profits are exempt from capital gains tax. Please be aware that tax treatment depends on your individual circumstances and tax law may be subject to change. It is recommended to consult a tax professional for personal advice. 

Learn more about Forex trading

What is forex trading and how does it work?

Forex trading is the exchange of currencies in the global market, aiming to profit from fluctuations in exchange rates.

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What are the most traded currency pairs?

Explore the most traded currency pairs in the world and their importance in the Forex market. Understand their impact on global trading.

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How to choose the best forex broker for you

In forex trading, every second counts. Choose a broker with transparent fees, fast execution, and responsive, multilingual support.

How to trade GBP/USD: Influential factors and essential strategies

When trading GBP/USD it’s crucial to understand the factors that influence its movements

Forex FAQs

Forex trading refers to the exchange of currencies in the global foreign exchange market. It’s also known as margin FX trading or currency trading, and involves simultaneously buying one currency while selling another. 

While a necessary part of international trade and travel, the majority of forex trading by individuals is for the purpose of speculating on the price movement in exchange rates – eg buying GBPUSD when it’s low and selling when it’s high. 

Forex trading is particularly popular because currency markets are highly liquid and trade 24 hours a day five days a week. They can also be sensitive to a range of economic and political factors, creating the potential for significant volatility and opportunities

Forex markets are always quoted in pairs of currencies known as forex pairs, FX pairs, or just currency pairs.  

The first currency in the pair is known as the base currency. The second is the quote currency. The value of the forex pair refers to the amount of the quote currency required to buy one unit of the base currency. 

For example, EURUSD is the forex pair that describes the value of the Euro vs the US dollar. If the EURUSD price is 1.2, it means that €1 is worth $1.20. If something then happens to cause the Euro to strengthen vs the dollar, then EURUSD will increase, eg to 1.4. 

Major forex pairs involve the US dollar being paired with another major global currency like GBP, EUR or JPY. They are the most liquid and widely traded forex pairs.  

Minor forex pairs refer to pairs of major currencies that don’t include the USD. While exotic forex pairs include a major currency paired with a currency from a smaller or emerging economy. 

A lot is the standard unit of measurement used in forex to refer to how much of the base currency is being traded. 

- A standard lot = 100,000 units of the base currency

- A mini lot = 10,000 units of the base currency

- A micro lot = 1000 units of the base currency

- A nano lot = 100 units of the base currency 

Thinking of an example, if GBPUSD is trading at 1.30 (ie 1 GBP costs 1.30 USD), then one standard lot of GBPUSD is worth £100,000 or 100,000 x 1.30 = $130,000.  

However, when trading with leverage, you wouldn’t need to have £100,000/$130,000 in cash to trade one standard lot of GBPUSD. You would typically need to put up margin equating to 3.33% of the position value, or just £3330/$4329. 

Your profit or loss would still be based on the full position size such that if GBPUSD increases by 1%, you would make a profit (excluding fees) of 1% x $130,000 = $1300, a 30% return on your margin. 

Ready to trade better?

Switch to Pepperstone now via our online application process, and join our global community of over 750,000 traders.⁴

1

Register 

Sign up with your email address and get a free demo.

2

Answer

We’ll check our products are appropriate for you.

3

Verify

Your safety is our top priority.

4

Fund 

That’s it! You’re ready to trade.

Apply now

1 0.0 minimum spread on certain markets in our Razor CFD account. Other fees apply 

2 Fill rates and speeds are based on all trading data from 1-31 January 2025 

3 The term ‘tax-free’ refers to current UK tax law, which states that UK spread betting profits are exempt from capital gains tax. Please be aware that tax treatment depends on your individual circumstances and tax law may be subject to change. It is recommended to consult a tax professional for personal advice. 

4 Total number of accounts held with the Pepperstone Group globally, correct as of 1 April 2025. 

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Company Number 08965105 | Financial Conduct Authority Firm Registration Number 684312

Risk warning: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Trading derivatives is risky. It isn't suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment. You don't own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your or your client's personal objectives, financial circumstances, or needs. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

Pepperstone Limited is a limited company registered in England & Wales under Company Number 08965105 and is authorised and regulated by the Financial Conduct Authority (Registration Number 684312). Registered office: 70 Gracechurch Street, London EC3V 0HR, United Kingdom.

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