Forex Trading South Africa

Forex Trading South Africa

Trade Forex
with FP Markets

Click here

for our full list of Currencies and
typical Forex spreads

The global foreign exchange market has grown to become the largest financial market in the world. FP Markets provides traders in South Africa with the opportunity to become a part of the currency market with access to 60+ foreign currency pairs including a growing list of pairs traded against the Euro (EUR).

With a long history in currency trading, we understand the needs of individual traders. Competitive spreads, fast executions, excellent research and charting tools provide a unique online trading experience. We cater for traders of all skill levels and are able to bring global markets to the Irish doorstep courtesy courtesy of our advanced trading platforms.

Whether you are looking to trade the majors, minors, or exotics, look no further than FP Markets for Forex Trading. Major currency pairs include the US dollar (USD) as either the base currency or counter currency. Traded against the Euro (EUR), British Pound (GBP), Yen (JPY) and Swiss Francs (CHF), the four majors are also the most traded currency pairs. Other currencies with significant trading volume include the Australian dollar (AUD), New Zealand dollar (NZD) and our very own Euro (EUR) which is considered a commodity currency.

The major currency pairs are:

EUR/USD (Euro/US Dollar)

GBP/USD (British Pound/US Dollar)

USD/JPY (US Dollar/Japanese Yen)

USD/CHF (US Dollar/Swiss Franc)

FP Markets is a global forex and CFD Trading broker with spreads from as low as 0.0 pips thanks to partnerships with leading banking and non-banking financial institutions. This ensures access to global markets with deep liquidity, especially with respect to major forex pairs such as the EUR/USD and USD/CAD. Access to these liquidity providers allows for the best available market prices in real-time and combined with low latency, allows Irish traders to capitalise on price fluctuations regardless of market volatility levels.

Forex Trading in South Africa

There are three peak trading sessions in the forex market. They are known as the Tokyo, London and New York sessions. The New York session runs from 8:00am to 5:00pm (EST) and is the most active period for Irish forex trading. Alternate time zones and the overlapping nature of the sessions make it possible to trade forex 24 hours a day, 5 days a week.

What are the benefits of Forex trading?

  • Tight spreads from 0.0 pips

  • Access leverage up to 30:1

  • 60+ currency pairs

  • Global Forex markets are open 24/7

  • Award-winning multilingual customer support

  • No price manipulation, no requotes and no dealing desk

  • Low margin and low-cost trading

  • Ultra-fast trade execution from Equinix servers

  • Enter and exit trades whenever you want to, 24/5

  • Maximise trading opportunities with the ability to go short and long

  • Cutting-edge tools provide access to pre-open price action

Forex trading is the tip of the iceberg at FP Markets. We offer CFD trading across a wide range of
financial instruments including stock market indices, Commodities,Shares & Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions..

What is the Best Platform to Trade Forex?

MetaTrader 4. The world’s most popular trading platform.

Easy to use and suitable for forex traders of all skill levels, MetaTrader 4 (MT4)can be seen across every facet of the trading platform. Its customisable interface, wide range of trading tools and advanced capabilities make it the platform of choice for traders in South Africa and abroad. The presence of a mobile trading app for Android and iOS devices makes it ideal for retail investor accounts.

Spreads from 0.0 pips & leverage up to 30:1

Customisable interface, including colours of technical indicators

Traders Toolbox - suite of 12 online trading tools

One-click trading


Live price streaming on Live accounts and Demo accounts 128-bit encryption for secure trading

Expert Advisors (EAs)

Customisable alerts

Compatible with iOS, Android and Mac devices

Are there more platform options?

MetaTrader4 is the most popular among retail investor accounts for foreign exchange trading,
but our range of trading platforms include MetaTrader 5 and Iress.

6 Reasons to Choose
FP Markets

An Australian Regulated Forex broker

Globally Regulated

Segregated client funds
& regulation in Australia

Tighter Spreads

Market leading spreads from
0.0 pips, 24/5

Faster Execution

Low latency
execution under 40ms

Advanced Platforms

MT4, MT5 & WebTrader with superior client portal

24/7 Multilingual Customer Support

Award-winning support & personal account managers

Established in 2005

15+ years
trading experience

What is Forex Trading?

FX trading involves buying one currency and selling another simultaneously. When looking at forex pairs such as the GBP/USD, the first currency (GBP) is the transaction currency while the second currency (USD) is the settlement currency. Through research and technical analysis, experienced traders predict the potential direction of currency prices and attempt to capture gains based on price movement. There are no central banks for forex trading with currency trades taking place electronically or online.

Forex Trading Example

Where the underlying asset is the AUD/USD currency pair, also known as the “Aussie.” Let us suppose that the AUD/USD pair is trading at:

You decide to buy AUD 20,000 as you anticipate that the AUD/USD price will rise in the future. Your margin rate is 5%. In this case, as a margin requirement, you would need to deposit 5% of the total position value into your margin account.

Assuming the price moves to 0.6873/0.6880 in the next hour, you would have a profitable trade. You could complete a short-term trade and close your position by selling at the current price of AUD $0.6880.

In this case, the price moved in your favour. If the price had declined instead, moving against your prediction, a loss would have been incurred. If that loss is higher than AUD 687.30, your broker would have issued a margin call.

If the price
To You could Gain or Lose
for a Long Position
Resulting in a Return
of the Initial Margin
Rises by 1% 0.6942/0.6944 USD 137.46 20%
Declines by 1% 0.6804/0.6806 - USD 137.47 - 20%

Forex Spreads

Symbol Product Standard A/c Raw ECN A/c
Min Avg Min Avg
AUDCAD Australian Dollar vs Canadian Dollar 1.2 1.93 0.4 1.16
AUDCHF Australian Dollar vs Swiss Franc 1.5 1.96 0.6 01.06
AUDJPY Australian Dollar vs Japanese Yen 1.3 1.68 0.4 0.78
AUDNZD Australian Dollar vs New Zealand Dollar 1.3 02.09 0.4 1.19
AUDUSD Australian Dollar vs US Dollar 1.1 1.4 0 0.3
CADCHF Canadian Dollar vs Swiss Franc 1.4 02.05 0.5 1.15
CADJPY Canadian Dollar vs Japanese Yen 1.5 02.08 0.6 1.18
CHFJPY Swiss Franc vs Japanese Yen 1.5 2.17 0.6 1.27
CHFSGD Swiss Franc VS Singapore Dollar 2.00 4.42 0.90 3.32
EURAUD Euro vs Australian Dollar 1.4 1.91 0.3 0.81
EURCAD Euro vs Canadian Dollar 1.9 2.7 0.5 1.3
EURCHF Euro vs Swiss Franc 1.3 1.65 0.4 0.75
EURCZK EURO VS CZECH KORUNA 317.4 378.2 3.002 361
EURDKK EURO VS DUTCH KORONE 12.80 20.10 6.80 11.89
EURGBP Euro vs Great Britain Pound 1.3 1.71 0.2 0.61
EURHUF EURO VS HUNGARIAN FORINT 820 2090.81 600 1870.75
EURJPY Euro vs Japanise Yen 1.3 1.54 0.2 0.44
EURMXN Euro vs Mexican Peso 20.00 115.47 0.00 95.25
EURNOK Euro vs Norwegian Krone 10.5 24.65 3.2 17.35
EURNZD Euro vs New Zealand Dollar 2.1 3.3 1.2 2.4
EURPLN Euro vs Polish Zloty 9.3 16.22 6.2 13.12
EURSEK Euro vs Swedish Krona 8.5 22.97 3.2 17.67
EURSGD Euro vs Singapore Dollar 1.5 2.4 0.6 1.5
EURTRY Euro vs Turkish Lira 3.1 17.88 0.2 14.98
EURUSD Euro vs US Dollar 1.1 1.19 0 0.09
EURZAR Euro vs South African Rand 31.5 79.78 20.2 68.47
GBPAUD Great Britain Pound vs Australian Dollar 1.5 2.68 0.6 1.78
GBPCAD Great Britain Pound vs Canadian Dollar 1.5 2.72 0.6 1.82
GBPCHF Great Britain Pound vs Swiss Franc 1.5 2.38 0.6 1.48
GBPDKK Great Britain Pound VS Dutch Korone 15.80 17.19 9.80 17.19
GBPJPY Great Britain Pound vs Japanese Yen 1.3 2.13 0.2 01.03
GBPMXN Great Britain Pound VS Mexican Peso 40.00 156.37 40.00 145.63
GBPNZD Great Britain Pound vs New Zealand Dollar 1.9 3.61 0.6 2.31
GBPSEK Great Britain Pound vs Swedish Krona 11.4 33.19 6.9 28.69
GBPSGD Great Britain Pound vs Singapore Dollar 1.6 3.31 0.6 2.31
GBPTRY Great Britain Pound VS TURKISH LIRA 42.70 100.48 35.70 93.55
GBPUSD Great Britain Pound vs US Dollar 0.1 1.59 0 0.49
NZDCAD New Zealand Dollar vs Canadian Dollar 1.5 2.48 0.6 1.58
NZDCHF New Zealand Dollar vs Swiss Franc 1.7 2.3 0.8 1.4
NZDJPY New Zealand Dollar vs Japanese Yen 1.5 2.17 0.6 1.27
NZDSGD New Zealand Dollar vs Singapore Dollar 1.7 2.81 0.8 1.91
NZDUSD New Zealand Dollar vs US Dollar 1.2 1.65 0 0.45
USDCAD US Dollar vs Canadian Dollar 1.1 1.58 0.1 0.58
USDCHF US Dollar vs Swiss Franc 1.2 1.61 0 0.41
USDCNH US Dollar vs Chinese Yuan 1.3 1.73 1.1 1.63
USDDKK US Dollar VS Dutch Korone 6.00 14.78 0.00 8.78
USDHKD US Dollar vs Hong Kong Dollar 16.04 0.05 14 15.14
USDJPY US Dollar vs Japanese Yen 1.1 1.46 0 0.36
USDKRW US Dollar vs South Korean won 0.68 0.40
USDINR US Dollar vs Indian Rupee 0.21 0.19
USDMXN US Dollar VS Mexican Peso 10.00 57.30 0.30 57.30
USDNOK US Dollar vs Norwegian Krone 12.5 25.26 4.2 16.96
USDPLN US Dollar vs Polish Zloty 10.5 18.95 7 15.45
USDSEK US Dollar vs Swedish Krona 11.7 24.45 3.2 15.95
USDRUB US Dollar VS Russian Ruble 141.60 479.36 101.60 439.35
USDSGD US Dollar vs Singapore Dollar 1.7 02.05 0.8 1.15
USDTHB US Dollar VS Thai Baht 170.00 228.37 150.00 208.37
USDTRY US Dollar vs Turkish Lira 2.5 13.74 0.2 11.44
USDZAR US Dollar vs South African Rand 22.9 45.28 10.2 32.58
Start Trading Forex and CFDs Today

bullet Access 10,000+ financial instruments
bullet Auto open & close positions

Take advantage of rising and falling markets
bullet News & economic calendar
bullet Technical indicators & charts
bullet Many more tools included

By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.

Get instant Updates in Telegram
Sitemap | © FP Markets 2020