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Forex Trading

Trade forex majors, minors, crosses and exotics on highly competitive conditions including low spreads and deep liquidity. Pepperstone offers access to 90+ currency pairs alongside our suite of more than 1350+ CFDs across different assets.

Why trade Forex with Pepperstone?

Consistently competitive spreads boosted by pricing from multiple Tier 1 banks.

1:30 Leverage available

Get all of your currency exchange trades filled in full, with no partial execution or requotes on market orders. 99.92% fill rate¹, fast execution and no dealing desk intervention.

Award-winning customer support, available 24 hours, 5 days per week, and 18 hours a day on weekends.²

Regulated in multiple jurisdictions, including ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB.

Forex spreads and all available pairs

Pepperstone offers some of the best trading conditions in the industry including very tight spreads on a big range of available currency pairs and other assets. See our full list of trading pairs (90 +), spreads, and margins across our CFD accounts below.

Majors
Minors
Crosses
Exotics
NDF

How does forex trading work?

When you trade the foreign exchange market (FX for short) with Pepperstone, you trade via a derivative, for example a Contract for Difference (CFD).

Instead of taking physical ownership (buying or selling) of a foreign exchange currency, when you trade you are speculating on the price movements in an underlying asset, such as EUR/USD. All currency pair trades involve the buying or selling of one currency priced in another. There is a base currency (that is always listed on the left) and a quote currency (on the right).

Learn how to trade Forex by opening a free demo account today.

Go long

Let's say some major economic news was released and you thought the US dollar was going to weaken in response. You think the US dollar will depreciate against the Australian dollar, meaning it'll take more US dollars in future to purchase the same amount of Australian dollars. You decide to go long or buy AUDUSD. Here you are simultaneously buying the base currency, AUD, and selling the quote currency, USD.

Now, the FX markets seem to agree with you and the value of AUDUSD increases significantly from the price you originally bought at. You've made a profit and can lock it in at your desired level using a take profit order.

With our trading platforms, you can lock in profits automatically. Simply set your targets and let the markets do the work for you. If your trades don’t go your way, set a stop loss order to restrict your losses and manage your risk like a professional trader.

Go-Long-With-Pepperstone
Short the markets

The advantage of forex CFD trading is that you can take an opposing view with ease. If you thought the same economic release would prove positive for the US dollar, you could just as easily sell or go short EURUSD - simultaneously selling the Euro and buying the US dollar. The major players in the market agree with you and push down the price of EURUSD, and you could make a profit from a fall in the value of EURUSD.

Short-the-market-with-Pepperstome.jpg

Risk management

Remember, CFD trading is risky. Just as the markets could agree with your point of view, the price of an instrument may move in a direction which results in a losing trade. In the example above, we noted a depreciation in EURUSD, but it could just as easily appreciate as a result of other factors in the market. Managing risk appropriately is an important aspect of trading volatile instruments like FX.

Manage-your-risk
Market exposure

Typically, you’d need 100,000 units of any base currency to open a standard trade in the underlying foreign exchange market. But with the benefits of leverage, you can trade this same amount with as little as 200 units of base currency. Forex CFD trading allows you to increase your exposure to highly liquid financial markets without excessive capital requirements. At Pepperstone, you can open trades with notional values as low as 1000 units (0.01 lots) of base currency.

If you’re holding a currency pair overnight, you’ll also pay or benefit from differential interest rates between countries, also known as Swap Rates. If relative interest rates are significantly higher in the US relative to Australia and you’re holding US dollars, then you’d typically receive a Swap benefit for holding this position. Conversely, if you’re holding Australian dollars against US dollars, then you’d receive a Swap charge to service this position, since in theory you’d have earned a higher interest rate had you been holding US dollars instead of Australian dollars.

Get-Exposure-To-The-Markets

Learn more about how forex trading works.

Forex trading platforms

We offer powerful trading platforms which you can use to analyse the Forex market. Pepperstone’s industry-leading TradingView, MT4, MT5 and cTrader platforms are available on PC, web, and mobile. Set up your trading strategies and risk management plans plus conduct technical analysis on the PC and web versions with our Smart Trader Tools. Trade at any time, anywhere with our mobile versions while taking advantage of major news in the markets when you’re on the go.

Learn more about foreign exchange trading and concepts like, exchange rates, pips, spread, margin, leverage, stop loss, take profit, technical analysis, and fundamental analysis by accessing our educational resources.

TradingView

Gain access to TradingView's advanced charting tools and interact with over 30 million traders*.

MetaTrader 4

MT4 platform is known for its ease of use amongst FX traders and is highly-rate by EA traders for its ease of EA development and implementation. Connect to social trading services and signal providers to follow strategies of successful traders.

MetaTrader 5

MT5 platform is perfect for those starting out as FX traders with its superior charting capabilities and additional analytical features. Use Stop Limit orders to implement your trading strategy with confidence. A dedicated economic calendar keeps you up-to-date with important market events. For EA traders and programmers, you’ll find faster code execution and data processing speeds.

cTrader

With cTrader, the power is in your hands as the trader. Features include multiple chart modes and views, market depth, and an advanced Smart stop out system. Program your trading robots with cTrader Automate and connect to cTrader’s FIX API to use your own trading system.

Learn to trade forex

What are the strongest currencies in the world? (2024)

The United Nations recognizes 180 currencies as legal tender, including the Dollar, euros, pound, pesos, and yen. While many currencies exist, the strongest currencies dictate the global scenario. In this article we list the current strongest currencies in the world.

What are the most traded currency pairs?

The most traded currency pairs in the forex market typically involve the US dollar (USD) and other major currencies such as the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Swiss Franc (CHF), Australian Dollar (AUD), and Canadian Dollar (CAD)

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, effective strategies, and how to manage risk properly. This guide provides insights into all these aspects, focusing on how to make informed trading decisions.

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

AUD/USD offers significant opportunities but requires a solid understanding of the factors influencing its price. This guide covers essential strategies, market insights, and key indicators to help navigate AUD/USD effectively.

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

Trading USD/JPY offers unique opportunities due to high liquidity, price action, and global economic influence of both the U.S. and Japan. This guide covers key factors affecting its price and highlights essential risk management strategies.

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. Ensure they’re regulated by reputable authorities for confidence and security in your trades, especially during high-volume periods.

Ready to trade?

Opening an account is quick and easy. Apply and start trading.

Get started

FAQs

What is forex trading?

Forex trading refers to the buying and selling of currencies on the foreign exchange market. Traders speculate on the price movements of different currency pairs, aiming to profit from these fluctuations.

What influences forex prices?

Forex prices are influenced by a variety of factors, including economic indicators, geopolitical events, central bank policies, interest rates, and market sentiment.

How can I start trading forex?

To start trading forex, you'll typically need to open a trading account with a forex broker like Pepperstone. You can then deposit funds into your account and start trading any currency pair.

What is a currency pair?

A currency pair consists of two currencies quoted in relation to each other. For example, EUR/USD represents the euro against the U.S. dollar. The first currency in the pair is the base currency, and the second currency is the quote currency. At Pepperstone, you can trade over 60+ currency pairs including majors, minors, crosses and exotics.

What are pips?

Pips, or "percentage in points," are the smallest price increments in forex trading. They represent the fourth decimal place in most currency pairs. For example, a change in price from 1.2000 to 1.2001 represents a one-pip movement. In crosses which include the Japanese Yen, the second decimal place is used instead.

What is technical analysis?

Technical analysis involves analysing historical price data, charts, and indicators to identify patterns, trends, and potential trading opportunities. Traders use technical analysis to make predictions about future price movements. A broker like Pepperstone offers several tools to assist traders with technical analysis including powerful charts.

What is fundamental analysis?

Fundamental analysis involves assessing economic, financial, and geopolitical factors that may influence currency prices. Traders using fundamental analysis consider factors such as economic indicators, central bank policies, and news events.

What risks are associated with forex trading?

Forex trading carries various risks, including market volatility, leverage-related risks, liquidity risks, and the risk of loss. Traders should carefully manage their risk exposure, use risk management tools, and have a solid understanding of the market before engaging in forex trading.

¹99.92%. Fill rates are based on all trades data between 01/01/2025 and 31/03/2025

*All spreads are generated from data between 01/03/2025 and 31/03/2025

²Weekend support times could vary

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© 2025 Pepperstone EU Limited
Company Number ΗΕ 398429 | Cyprus Securities and Exchange Commission Licence Number 388/20

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how 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 EU Limited is a limited company registered in Cyprus under Company Number ΗΕ 398429 and is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence Number 388/20). Registered office: 195, Makarios III Avenue, Neocleous House, 3030, Limassol Cyprus.

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