FOREX TRADING
Forex trading is fast, 24-hour and highly leveraged. That's why tastyfx offers zero commissions1, lightning-fast execution and award-winning platforms2 to help you trade with confidence.
WHAT IS FOREX?
Forex trading involves buying and selling currencies in pairs, like EUR/USD or GBP/JPY, to profit from exchange rate movements. As the world's most actively traded market, forex operates 24/5, allowing you to trade whenever opportunities arise. Whether you're hedging currency exposure or speculating on economic trends, forex offers unique advantages like high liquidity, leverage up to 50:1, and the ability to profit in both rising and falling markets.3
Available currency pairs
Access one of the most comprehensive forex offerings available to US traders. 85+ pairs, zero commissions1, and tight spreads from 0.8 pips on US dollar pairs like EUR/USD.
Popular USD
| Markets | Sell | Buy | Change |
|---|---|---|---|
| EUR/USD | - | - | - |
| AUD/USD | - | - | - |
| USD/CAD | - | - | - |
| GBP/USD | - | - | - |
| USD/JPY | - | - | - |
| USD/CHF | - | - | - |
| NZD/USD | - | - | - |
1 tastyfx does not charge commissions. tastyfx is compensated through a hedging arrangement with IG Markets Ltd.
TRADE FOREX WITH THE BEST BROKER
Forexbrokers.com's best overall broker, 8 years in a row.
BECOME A FOREX TRADER
The forex market offers unique advantages for traders looking to add global exposure and diversify beyond stocks and options.
- 24-hour market access: Trade when it suits you, five days a week
- High liquidity: Easily enter and exit positions in the world's largest financial market3
- Go long or short: Profit from both rising and falling currency movements
- Trade on margin: Control larger positions with leverage up to 50:1
- Zero commissions1 at tastyfx: Your only cost to enter a position is the spread
Follow these simple steps to start trading currency pairs with tastyfx:
- Open an account: Create your tastyfx forex account in minutes
- Choose your platform: Trade on the web or mobile tastyfx platform, or connect to TradingView or MetaTrader 4
- Create a trading plan: Define your strategy to take emotion out of decision-making
- Analyze the markets: Use technical analysis tools or fundamental news research to find your first trading opportunity
- Place your trade: Buy or sell currency pairs based on your market view
Expand your forex knowledge with our comprehensive trading resources and educational tools.
- Economic calendar: Track high-impact events that move currency markets
- Forex news & analysis: Daily market updates, USD analysis, and trading insights
- Forex trading strategies: Develop your trading plan with guides from scalping to swing trading
- Forex need-to-knows: Learn key forex terminology and how to get started
- Risk management tools: Master leverage, margin calls, and position sizing
Which forex trading platform is best for me?
Compare features and decide which platform best suits your needs, with our helpful comparison table.
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START TRADING FOREX TODAY
- Open an account in minutes with our free application
- Fund as low as $100 via Bank Transfer or debit card for instant deposits
- Trade 85+ currency pairs with spreads from 0.8 pips
START TRADING FOREX TODAY
- Open an account in minutes with our free application
- Fund as low as $100 via Bank Transfer or debit card for instant deposits
- Trade 85+ currency pairs with spreads from 0.8 pips
FREQUENTLY ASKED QUESTIONS
Forex trading works by simultaneously buying one currency while selling another. If the currency you have bought increases in value against the currency you have sold, you can close your position for a profit. If not, you make a loss.
Forex markets are always quoted in pairs – EUR/USD, for example – because you’ll always be trading one currency for another. The exchange rate is how much one unit of the first (‘base’) currency costs in the second (‘quote’) currency
Say the EUR/USD exchange rate is quoted as 1.1700. This means that it would cost 1.17 dollars to buy a single euro.
Pips are a forex-specific synonym for basis points or ‘points’ - the smallest amounts by which a market price can change. For major currencies a pip is a standardized unit of 1/100th of 1%, or 0.0001, except for pairs including the Japanese yen. For these pairs, a pip is equal to 0.01.
At IG, we tend to use the term ‘pips’, but you may see ‘points’ used interchangeably by other brokers.
Major currency pairs are those that trade in the highest volume on a daily basis. These pairs tend to be incredibly liquid and trade 24 hours a day, usually with very narrow spreads. Some examples include EUR/USD, USD/JPY, GBP/USD and USD/CHF.
What constitutes a minor currency pair can vary depending on where you look. Some brokers stipulate that a minor pair can’t include the US dollar, for example, and as such refer to them as ‘crosses’.
More generally, a minor pair is any currency pair that’s traded less frequently than the majors, even if one or both constituent pairs also appear in a major currency pair. Some of the more popular include CHF/JPY, GBP/CAD and EUR/SGD.
Exotic currency pairs, or ‘exotics’ for short, are made up of one major currency along with another from a small or emerging economy. Examples include GBP/MXN (sterling and the Mexican peso) or USD/PLN (the US dollar and the Polish zloty).
2 #1 Overall Broker, #1 Mobile App, #1 Trust Score, #1 Education, #1 Web Platform are accolades presented to IG, parent company of tastyfx, on January 28, 2025, during the ForexBrokers.com 2025 Annual Awards. Accolades were awarded by the ForexBrokers.com research team based on demonstrated excellence in categories considered important to investors, traders, and consumers. Click here to learn about how they rate brokers.
3 The greater foreign exchange marketplace reached $7.5 trillion per day in 2022; however, tastyfx LLC is the counterparty to the FX transactions of its client base and therefore serves as the liquidity provider in this much smaller subsection of this marketplace. Source: Bank for International Settlements Triennial Central Bank Survey (2022).