Open a forex trading account
You can find the full list of our forex pairs and spreads here.
Why trade on forex with Pepperstone?

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.

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

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.

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Withdrawn each month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
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.

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.

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.
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.