Forex

 

Trade Forex with City Index

Trade forex CFDs today and gain access to 84+ pairs including AUD/USD, EUR/USD and USD/JPY with instant execution, institutional liquidity and competitive spreads.

 

Why trade forex CFDs with City Index?

Foreign exchange is a popular market allowing you to buy and sell currencies. Learn about the types of forex pairs and trading examples here.

How to trade with City Index

Stay ahead with competitive pricing

Learn to trade forex

What is forex trading?

Forex trading is the buying and selling of global currencies. When you trade forex with City Index Australia, you can go long or short on the price of currency pairs using CFDs or Spot FX.

How to trade forex

1. Learn how the market works
2. Choose a FX pair to trade
3. Open an Australian forex trading account
4. Open, monitor and close your first position

Forex trading examples

Say you believe the Australian dollar will rise against the US dollar. You can place a buy trade on AUD/USD. If the price rises, you’d make a profit for every pip it moved in your favour. But if the market falls, you’d make a loss for every point the price moves against you.

Forex market hours

Currency markets are open 24 hours a day because there’s no central exchange. Instead, prices are determined by interbank trading, the exchange of currencies between banks on a constant basis, all over the world.

Trade forex CFDs with competitive pricing
  1. Register
    an account
  2. Deposit
    and fund securely
  3. Start trading
    forex CFDs
Trade forex CFDs with competitive pricing

Forex trading platforms at City Index

Platform walkthroughs
Platform walkthroughs

Web Trader

Trade over 6,300 markets on our easy-to-use, browser-based platform, complete with customisable workspaces, fast and reliable execution, and advanced charts.

Mobile app
Mobile app

Powerful Mobile Apps

Seize trading opportunities with our easy-to-use mobile apps, with simple one-swipe dealing, advanced charting, and seamless execution. Available on Android and iOS.

Analyse numbers
Analyse numbers

MetaTrader 4 (MT4)

Analyse price movement and trends with technical indicators customised to your trading strategies.

Frequently asked questions about forex trading

How do banks trade forex?

Banks trade forex on behalf of their clients and as speculative trades from their own dealing desks – the purpose of which is to hedge client exposure. Banks trade millions of dollars’ worth of forex, so have a greater influence over the market than smaller players.

Banks also don’t trade forex over short timeframes like retail traders do, instead they only take a few larger positions that they’ll hold for longer.

Learn what moves forex markets.

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Who trades forex?

Forex is traded by a broad range of participants, from banks, brokers, and hedge funds to retail traders. Any company that operates or has customers overseas will need to trade FX. Central banks are also active in forex markets, as they seek to keep their currency trading within a specific range.

Learn more about forex trading.

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Is forex trading legal in Australia?

Yes, forex trading in Australia is legal and is regulated by the Australian Securities and Investments Commission (ASIC). There is a strict framework that governs forex trading, but this is to protect Australian traders and promote healthy competition.

Brokers and banks have to be registered with ASIC before they can offer forex and CFDs.

Learn more about City Index Australia

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How old do you have to be to trade forex?

There is no minimum legal age to trade forex in Australia. However, you must have a bank account to fund your forex trading account, and you can’t open a bank account in Australia if you’re under 18 without parental consent.

See what documents you need to open a forex trading account in Australia.

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Do you need a licence to trade forex in Australia?

You as an individual do not need a licence to trade forex in Australia. However, City Index does have an Australian Financial Services Licence (AFSL) as required by ASIC.

Learn more about City Index Australia

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