Spread bet or trade CFDs on FX on 90+ pairs with spreads from 0.0¹
Choose Pepperstone for competitive pricing, five smart platforms, and dedicated service.
Why spread bet or trade CFDs on FX?
Forex spread betting and CFD trading involve speculating on the price movements of currency pairs, such as EUR/USD or AUD/USD. Trading on margin means you only need to deposit a fraction of the full value of your position, offering a capital-efficient way to access global currency markets:
Leverage up to 30:1
Trade FX on margin and take larger positions while only committing a portion of the total trade value upfront, giving you greater market exposure.
While leverage can amplify potential returns when the market moves in your favour, it can also increase potential losses if positions move against you.
Exposure to global economies
Trade currencies influenced by global economic events, central bank decisions and shifting macroeconomic conditions across major and emerging markets.
From widely traded pairs like EUR/USD and USD/JPY to more volatile emerging market currencies, gain broad exposure to global economies and trends.
Leverage up to 30:1
Trade FX on margin and take larger positions while only committing a portion of the total trade value upfront, giving you greater market exposure.
While leverage can amplify potential returns when the market moves in your favour, it can also increase potential losses if positions move against you.
Exposure to global economies
Trade currencies influenced by global economic events, central bank decisions and shifting macroeconomic conditions across major and emerging markets.
From widely traded pairs like EUR/USD and USD/JPY to more volatile emerging market currencies, gain broad exposure to global economies and trends.
Exposure to global economies
Trade currencies influenced by global economic events, central bank decisions and shifting macroeconomic conditions across major and emerging markets.
From widely traded pairs like EUR/USD and USD/JPY to more volatile emerging market currencies, gain broad exposure to global economies and trends.
Leverage up to 30:1
Trade FX on margin and take larger positions while only committing a portion of the total trade value upfront, giving you greater market exposure.
While leverage can amplify potential returns when the market moves in your favour, it can also increase potential losses if positions move against you.
Long and short opportunities
Take positions on currencies whether you expect them to strengthen or weaken, depending on how market conditions and sentiment evolve over time.
Going long or short allows you to trade both rising and falling markets, giving you greater flexibility to respond to changing price movements.
A way into global markets
In addition to FX, you can spread bet or trade CFDs on shares, commodities, ETFs and more, helping you diversify your market exposure.
Long and short opportunities
Take positions on currencies whether you expect them to strengthen or weaken, depending on how market conditions and sentiment evolve over time.
Going long or short allows you to trade both rising and falling markets, giving you greater flexibility to respond to changing price movements.
A way into global markets
In addition to FX, you can spread bet or trade CFDs on shares, commodities, ETFs and more, helping you diversify your market exposure.
A way into global markets
In addition to FX, you can spread bet or trade CFDs on shares, commodities, ETFs and more, helping you diversify your market exposure.
Long and short opportunities
Take positions on currencies whether you expect them to strengthen or weaken, depending on how market conditions and sentiment evolve over time.
Going long or short allows you to trade both rising and falling markets, giving you greater flexibility to respond to changing price movements.
Tax efficiency
In the UK, spread betting profits are exempt from capital gains tax,* which can be as much as 24%. Any CFD losses can be offset against profits on other investments.**
*‘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.
**24% capital gains tax rate applies to higher rate UK taxpayers as of 6 April 2025.
Spread betting vs CFD trading: What’s the difference?
Learn how these two similar products have important distinctions, and work out which might be the best fit for your trading strategy.
Why spread bet or trade CFDs on FX with Pepperstone?
From trusted service to ultra-fast execution, our FX offering is built to help you trade with confidence.
Razor-sharp spreads
From 0.0pts with low commission on Razor, or from 1pt with 0 commission on Standard.1
Outstanding execution
Get execution speeds from just 50 milliseconds, a 99.32% fill rate and no dealer intervention.2
Elite trading tech
Choose from TradingView, MetaTrader 4, MetaTrader 5, cTrader or our own Pepperstone platform.
Round-the-clock support
Get support 24 hours a day Monday to Friday, and 18 hours on weekends.
Choose a spread betting broker trusted by over 900,000 traders worldwide³
We are one of the world’s leading spread betting brokers, and are proud to have won a number of awards for our products and service.
Overall best forex broker
Compare Forex Brokers Awards 2026
Best MT4 forex broker
Compare Forex Brokers Awards 2026
Best in class trading fees
Compare Forex Brokers Awards 2026
Overall best spread betting broker
Compare Forex Broker Awards 2026
Best overall broker
DayTrading broker of the year awards 2025
Best forex trading platform
ADVFN international financial awards 2025
Overall best forex broker
Compare Forex Brokers Awards 2026
Best MT4 forex broker
Compare Forex Brokers Awards 2026
Best in class trading fees
Compare Forex Brokers Awards 2026
Overall best spread betting broker
Compare Forex Broker Awards 2026
Best overall broker
DayTrading broker of the year awards 2025
Best forex trading platform
ADVFN international financial awards 2025
What forex pairs can you trade with Pepperstone?
Diversify your forex exposure with majors, minors, crosses and exotics – plus a range of non-deliverable forwards and currency indices.
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.
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.
Start spread betting or trading forex CFDs today.
Sign up now and trade with a broker trusted by 900K+³ global clients.
Forex FAQs
Forex trading refers to the exchange of currencies in the global foreign exchange market. It’s also known as 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.
Ready to trade better?
Switch to Pepperstone now and join our global community of over 900,000 traders.3 Apply in minutes with our simple application process.
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10.0 minimum spread on certain markets in our Razor CFD account. Other fees apply.
299.32% fill rates are based on all trades data between 01/01/2026 and 31/03/2026.
3Total number of accounts held with the Pepperstone Group globally, correct as at 1 March 2026.