How to register forex trading account

It seems like obvious advice, but some people start off feeling like they know more than they do, and take unnecessary risks.

My list of forex bonuses

How to Open a Forex Trading Account, how to register forex trading account.

Start with a fair amount of money and trade small. Nothing can prepare you for the emotions that you feel when your money is truly at risk, so go slow in the beginning. During the final steps of opening your account, you will see risk disclosures. Please take these seriously. Forex is a difficult business for beginners. It tends to eat them for dinner if they aren't careful. There are more losers than winners on average. The broker is required to remind you of the forex risks.

How to open a forex trading account

What is needed and why

An assortment of foreign currencies spread out on a surface

Artifacts images / digital vision / getty images

Forex trading sounds like an exciting financial opportunity to those who hear about it for the first time. The possibility of trading large sums of leveraged money sparks the imagination, but most who find the prospects of this market attractive will soon find they are surrounded by online hype and hyperbole.

The reality of trading is quite different from the sales pitches most people hear. That's because it is hard to be consistently profitable and most traders lose money in the early stages of their experience.

What is not hard, however, is actually opening a brokerage account. Choosing a brokerage is more meaningful if a beginner has actually tried out several different forex demo accounts.

Typical requirements to get started

The first thing you'll do is set up an account with a forex broker. You'll need to provide a good deal of personal information to get your account set up, including the following:

Name

Address

Phone number

Account currency type

A password for your trading account

Date of birth

Country of citizenship

Social security number or tax ID

Employment status

You will also need to answer a few financial questions, such as:

Industry compliance

You might wonder why forex brokers want to know all of this information. The simple answer is to comply with the law. The environment surrounding forex trading has a comparatively low degree of regulation, but in recent years, more regulations have been put in place to provide some degree of protection or assurance to account holders. Additionally, forex brokers need to ask these questions to protect themselves from the risk of loss. They want to make sure customers who overleverage themselves will still be able to pay back any unexpected losses.

It's unlikely that you will find any broker willing to open your trading account without requiring these questions to be answered. If you do happen to find one that isn't asking many questions, you should be suspicious. If you are ever feeling wary about a particular broker, you can look them up through the national futures association to find out their status.

Forex trading and risk

During the final steps of opening your account, you will see risk disclosures. Please take these seriously. Forex is a difficult business for beginners. It tends to eat them for dinner if they aren't careful. There are more losers than winners on average. The broker is required to remind you of the forex risks.

Once you've turned in all of your information to be processed, the broker will verify it and typically ask you to send in some verification documents such as a government-issued ID, and maybe a utility statement to verify your name and address. The back and forth process can slow down the process by a day or two, but it's nothing to concern you.

Once your information is verified, you can fund your account and begin trading. One piece of advice that I like to give to all new traders is not to put any money in the account that you cannot afford to lose.

It seems like obvious advice, but some people start off feeling like they know more than they do, and take unnecessary risks. Start with a fair amount of money and trade small. Nothing can prepare you for the emotions that you feel when your money is truly at risk, so go slow in the beginning.

Forex should be boring

Forex seems very exciting, but in reality, it should be boring and cut and dried. If you feel a great deal of anxiety when making trades, be careful. It's common to either get too wound up from your winning trades or become a destructive trader from your losing trades.

Learning to make trades using research and systematic logic will serve you much more than relying on emotion to guide your trading. Forex should feel like simple, methodical decision-making with precautionary steps in case of failure. While that might sound boring to you, you will survive much longer if you approach that market that way.

Keep your cool

If you find yourself feeling like you are making common forex mistakes and just generally feeling frustrated, stop trading, and review the basics again. Forex trading is one of those industries where occasionally you have to re-evaluate your methods to make sure you are achieving your goals. Try not to get too frustrated and keep your approach scientific and unemotional.

How to open an account

You can start trading across our range of award-winning platforms in three simple steps: complete our application form, verify your identity and deposit funds. You are now ready to place your first live trade with OANDA. It is as easy as that.

Step 1: apply for an account

To apply, you must be over 18 years old, and a legal resident of the united states. We only ask questions that are relevant to your application and for regulatory purposes. Be prepared to upload proof of identity and address, such as your drivers license.

Step 2: verify your identity and proof of address

We may need you to send some documentation to verify your identity. You can scan the below documents or use your smartphone to take a picture of the documents and submit them through our secure portal.

Driver’s license (proof of identity and address)

You can use your driver's license to validate your identity and address. Scan or take a photo of the front of your license. Please ensure that the full page of the document is visible, all written details are legible and the face in the photo is clear/identifiable.

Don’t have a driver’s license? You can also verify your identity and proof of address using the below documents:

Government-issued passport or ID card (proof of identity)

Scan or take a photo. The scan should show your photo, name and date of birth. The document should be valid as of today (not expired).

Utility bill, bank statement or other document with your name and address on it (proof of address)

The document should show your current residential address and must match the address on your OANDA account application. It should be mailed or dated within the last three months and should be issued in your name. We cannot accept documents addressed as ‘c/o' or ‘care of’ unfortunately.

Step 3: fund and trade

To deposit funds, log in to ‘manage funds’ using your OANDA account details and click on the ‘deposit’ button. You can fund your trading account using a number of methods, including debit cards, bank wire transfer, check (USD) and automated clearing house (ACH). There is no minimum deposit amount. Note: you can only deposit up to 50% of your net worth.

Ready to start trading? Open an account in minutes

Already have a live trading account? It's easy to fund your account using one of the following payment methods.

Depositing and withdrawing funds

It is simple and straightforward to deposit and withdraw funds to and from your OANDA account.

Transparent trading costs

We are upfront about our fees so you know how much you are paying when you trade with us.

Trade forex with OANDA

We are a globally-recognized broker with 23 years' experience in foreign exchange trading.

© 1996 - 2021 OANDA corporation. All rights reserved. "OANDA", "fxtrade" and OANDA's "fx" family of trademarks are owned by OANDA corporation. All other trademarks appearing on this website are the property of their respective owners.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.

OANDA corporation is a registered futures commission merchant and retail foreign exchange dealer with the commodity futures trading commission and is a member of the national futures association. No: 0325821. More information is available using the NFA basic resource.

Trading FX on margin is high risk and not suitable for everyone. Losses can exceed investment.

Forex demo account

Everyone knows that success in any business requires knowledge and experience; the forex market is no exception. To become a successful forex trader in this huge market, besides technical and theoretical knowledge you also need forex trading experience. To accomplish this goal, the paxforex company offers a free forex practice account.

A forex trade demo account in the forex market is learning forex trading for free (like a simulator) with the live-trading atmosphere, however, trading with the learning account is done with virtual money.

This type of practice forex account serves three main purposes:

1. It is A way to learn for free.

It is used by those who are not familiar with the forex market; it allows study the market in demo mode without risking any money, despite the fact that the rules and quotations are absolutely no different from actual trading in the forex. Therefore, a currency trading demo account is a kind of training program for future traders of the forex market.

2. It is A metatrader program trainer.

Since traders need to be familiar with trading platforms, paxforex provides the metatrader platform in the free mt4 demo account mode in order for the trader to become familiar with the software features without having to risk real money in the learning process.

3.It is a forex trading strategies trainer.

Our customers are constantly testing new methods of working in the market, using different techniques and strategies. Naturally, in order to avoid the risks associated with the loss of real money, this testing is carried out initially on learning account; therefore, a trader may have several free practice accounts which is normal.

In a forex trial account all the terms of trade comply with the terms of trade on real forex accounts. One type of the forex demo account is a contest account, which we will address on another page.

Opening a trading account

How do I open an account with FOREX.Com?

You can apply for an account with FOREX.Com online. Start your application now.

What information do I need when opening an account?

We will need you to provide us with your name and address to establish your identity. Typically, we can verify your identity instantly. For more information, see our account documents faqs .

Why do I need to provide my financial information?

FOREX.Com’s customer due diligence (‘CDD’) program requires that we verify the source of our clients' funds. This is fundamental in complying with anti-money laundering laws and managing fraud risks. Therefore, we may request you to provide a bank statement or card account statement.

How much money do I need to open an account?

The minimum initial deposit required is at least 100 of your selected base currency. However, we recommend you deposit at least 2,500 to allow you more flexibility and better risk management when trading your account.

How do I know if my account has been opened?

We will email you as soon as your application has been approved. Alternatively, you can always log in to myaccount to check on the status of your account application.

Do you offer sharia accounts?

Yes, FOREX.Com does offer sharia accounts in certain circumstances. For more information, please contact us.

What types of documents do you accept for identity verification?

Acceptable documents for identity verification include but are not limited to:

Valid, current passports (national or international)

Valid, current driver's license

Valid, current national ID card

Other types of ID may be acceptable on a case-by-case basis after review. Birth certificates, marriage licenses and insurance cards are not accepted. In accordance with our regulatory obligations, additional documentation may be required at any time for internal periodical reviews.

What types of documents do you accept as address verification?

Proof of residence must show your name and address as indicated on the application.

Acceptable forms of proof of residence include but are not limited to:

Utility bill

Bank, building society, credit or debit card statement

Council tax bill

Local government address registration certificates

Valid driving license if issued within the last six months

Utility bills and statements must be dated within the last six months. Confidential information such as account numbers may be removed at your discretion. In accordance with our regulatory obligations, additional documentation may be required at any time for internal periodical reviews.

My proof of identification also has my address on it. Can I use it for both ID and proof of residence?

Yes, if your proof of identification document has your address on it, it can usually be used for both address and identity verification. However, please be aware that there are exceptions when we do need to request two separate forms of identity.

How can I send my documentation to FOREX.Com?

The fastest way to provide us with supporting documentation is via myaccount. Simply log in and follow the instructions to upload your documents.

You can also email or mail us your documentation:

FOREX.Com
park house, 16 finsbury circus
london, EC2M 7EB
united kingdom

My documents are not in english. Will this be a problem?

No, FOREX.Com has staff available to translate documents from many languages.

Whose name and address should be on the confirmation documents for a corporate account application?

The address verification document for a corporate account application should display the entity’s name and primary business address.

What are articles of incorporation in regards to a corporate account?

Articles of incorporation state the purpose for which the company was formed, indicate the members of the company, and sets forth its purpose according to the laws of the state in which it is established. These documents are sometimes referred to as articles of association and memorandum of association and should also include a breakdown of the shares of the company. If any shareholder owns more than 10% of the company, we will require ID verification for that shareholder.

The corporate breakdown of shares or share registry should be within the official articles of incorporation. If the details are not within the corporate documentation, please contact FOREX.Com at your earliest convenience.

What is a certification of incorporation in regards to a corporate account?

A certificate of incorporation is a statement which confirms that a new company has fulfilled the necessary legal requirements for incorporation and is duly incorporated according to the local government or other regulatory agency.

Why do I need an LEI number for my corporate account? What do I do if I don't have one?

European market infrastructure regulation (EMIR) has made a LEI number mandatory effective february 12, 2014. In order to comply with this regulation, FOREX.Com needs to obtain an LEI number. If you do not have one you can learn how to acquire one here. The reporting requirements are as follows.

All derivatives transactions executed by EEA entities (whether financial firms or other incorporated entities) to be reported to an approved reporting mechanism by the end of the day following execution

Both counterparties to report, where both are EEA entities, using the same unique trade identifier and with trade data matched before submission

No exemptions (unlike mifid transaction reporting) for FX, commodities or interest rate products

Unless you are a private individual (or non-EEA entity) these new reporting requirements apply to you and you must submit a compliant report or have someone do so on your behalf.

For a joint account, do I need documentation for both account holders?

Yes, both account holders must provide a government-issued photo ID when we aren't able to electronically verify their ID. Documentation for proof of address also must be verified for both applicants.

Mifid II identity confirmation

What is mifid II and why does it matter?

New legislation under the markets in financial instruments directive (mifid) II requires financial trading providers to provide additional information to the financial conduct authority (FCA).

As part of these requirements we need to confirm the nationality of each of our clients.

What details do I need to provide for mifid II?

We need you to confirm your nationality and may also require a state issued national client identifier number (e.G. National insurance number, passport number, etc) from you based on your nationality.

The information you provide will be treated in the same, secure manner as all your other data held with us. It will not be shared publicly and will only be used for our reporting purposes with the FCA.

What if I don’t have a national client identifier?

If you are unable to provide us with your national client identifier number, you can declare this using our secure form by using the checkbox provided. We may need to contact you for more information at a later date.

What if I have more than one nationality?

For those with multiple nationalities, you will be advised on what you need to provide once you have selected your nationality/nationalities on our secure online form.

Why does mifid need this information?

Under the new mifid II regulations, financial trading providers will need to provide additional information to our regulator, the FCA (financial conduct authority) when you trade with us. The information you provide us with will be treated in the same secure manner as all your other data held with us. It will not be shared publicly and will only be used for our reporting purposes.

I would like to learn about

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

CFD and forex trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

FOREX.Com is a trading name of GAIN capital UK limited. GAIN capital UK ltd is a company incorporated in england and wales with UK companies house number 1761813 and with its registered office at devon house, 58 st katharine’s way, london, E1W 1JP. GAIN capital UK ltd is authorised and regulated by the financial conduct authority in the UK, with FCA register number 113942. GAIN capital UK ltd is a wholly-owned subsidiary of stonex group inc.

FOREX.Com is a trademark of GAIN capital UK ltd.

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How to register forex trading account

For a few years, forex trading has become quite popular; as a result, the forex market is the largest financial market in the world. If you are a novice in this field and want to know how to start a forex trading account, the best way is to alleviate the load of fake information and elevate your knowledge bases about forex trading.

Starting a forex account or register a forex trading account is the first step in the trading process when a trader gives his personal data, documents, officially starting a trading business. Regulated brokers need to verify each trader. Traders get a free platform, deposit and withdrawal section, trading manager, and support.

To start a forex account, the basic requirement is to find a suitable broker where you can open a forex trading account. Most of the brokers provide demo forex accounts; after trying, you can opt the one that best suits your trading nature and requirements. There are many brokers available in the forex market, like hotforex, avatrade, fxpro, etc. After choosing a broker, the next is to sign-up for the forex trading account, which is a lot similar to opening an account in a bank.

How to register for a forex trading account?

Let we see in video below how to open a forex trading account at hotforex:

to get registered for a forex trading account, you have to provide your broker with your personal information data along with financial data. Following is the list that would help you to get started with.

Please register and test hotforex platform

Name

Full address

Email- ID

Contact/phone number

Birthdate

Account currency type

A password for the trading account

Employment status

Country of citizenship

Social security number or tax ID

Financial information regarding your,

Net worth

Annual income

Trading objectives

Experience in trading

Forex trading and the laws

The details mentioned above are required by brokers to compile with the necessary laws. After the forex business became retail, forex traders came under suspicion to get harmed by frauds. Thus, to overcome this shortcoming, regulators have put in some rules to secure the forex account holders and brokers.

The national futures association helps in finding the status of forex brokers if you have any doubts regarding them. It is natural that providing personal and financial details can make you feel hesitant, but that’s for your own safety and completely prevalent. In fact, if a broker doesn’t ask you for such personal details and financial information, that should create scepticism about their credibility and the safety of your fund.

Read the risk disclosures

The final stage to know how to open a forex trading account requires you to understand the risk discourses. Your broker should provide you with all the risk associated with trading in currencies. Forex trading is not a tough task, but for experienced ones; it can be a pandora’s box for novice if they jump in without having sound knowledge of the forex world.

Sometimes beginners let their overconfidence rule their consciousness of reality and take obviate risks resulting in losing more than they have invested. Thus, it is advisable for them to start with a small amount and trade it safely. Emotions can lose forex trading or any other type of trading, so you must put them aside and give preference to the real-time information that lies in front of you. With enough practice, you would soon be a wise forex trader and can increase your trading amount as well as risk appetite.

Verification of the provided information

The last step in the process of opening a forex trading account is to get your information verified. Your broker would typically process your data and ask you for documents like a government-issued identification card or a utility bill to crosscheck your name and address provided. The process is not too long and can be completed within a day or two.

After the completion of verification, you are free to add funds in your forex account and explore the world of trading (but be careful.) it is needless to say, but do not put all your hard-earned money into just forex; diversification of investment and trading can prove beneficial. Also, do not trade an amount more than you can afford to lose. Don’t let greed overtake your long-term financial goals.

It’s not all exciting

When it comes to forex trading, it’s not all rosy. You can feel exhausted, tired and can feel anxious about your trades. It’s easier to be on top of the trading world when you are having winning trades, but one can easily get into destruction mode with a series of losing trades and with the hope that the next trade would be different. Remember, the answer is no; it won’t be different if you would behave the same.

The best way to ace here is to keep yourself updated with the information, knowledge and experience running in the forex trading. You can do the following for the same.

Read financial newspapers

Read online articles and materials of credible sources

Go through the available research

Be aware of happenings around the world (it impacts currencies)

Learn from your past experience

Apply logic rather than emotions

Take small trades and increase the pace

Implement systematic decision making rather than a biased one

Don’t lose hope, but don’t be a hopeless trader.

The final words

Making mistakes in trading is perfectly fine; even experienced traders can lose their trades sometimes. But getting frustrated and losing your mind in trading is not a solution. You can take a break or can reevaluate your trading strategies to make a better understanding of your trades and mistakes.

Also, you have to keep yourself at a distance to get rich in 10 days or 20 days kind of fraudulent schemes; falling into them when you are losing trades can be a natural trait of humans. Remember, in this world; nothing comes for free! So, keep your mind sane, calm, and trade by implementing your experience and systematic approaches in the forex market.

How to open a forex trading account in south africa

When it comes to forex trading, south africa is in a somewhat weird place - there are many great traders and a lot of enthusiasm, but the infrastructure is rather limited.

It’s as if the majority of brokers are looking down on the region, expanding very slowly and carefully. This leads to the appearance of scammers or predatory local brokers who are free to set their conditions.

Luckily, there are still are ways to start trading on forex in south africa without paying an arm and a leg in commissions and spreads.

With this guide you are going to learn:

How to find a decent broker in south africa

How to determine your trading style and strategy

How to pick the best account type for you

How to make money on forex in south africa.

How to find a good forex broker in south africa

A lot of south african forex brokers do not offer the best conditions. They act as if the market is niche and they are already doing you a favour by working with you.

Luckily, some international players started to catch on and have entered the region. The best one is justforex company – a UK-based broker with pretty tight spreads and rather reliable support. Since they are still entering the market, the level of service for south africa is noticeably better than for the other countries. There is no guarantee that it will last, but right now they are the best.

How to choose a trading style and strategy

There is a percent of forex traders that trade for fun; however, the majority of them are doing it for profits. P rofit on forex is more often than not connected to a lot of risks. So, to determine your trading style, you need to determine how much risk you want to take.

Basically, as a newcomer, you have two options: scalping and price action. There are other strategies too, but they are more advanced and require experience.

Scalping

Scalping is a highly demanding strategy that depends on making dozens — if not hundreds — of trades each day. It is also extremely risky and tends to cause a lot of emotional stress. Overall, it is the most profitable strategy, but most people can’t handle it for long periods.

Scalping is based on making a minimum profit from each trade but compensating with their overall number. The scalpers take advantage of the newly released economic reports, momentary market trends and sudden price surges. They need tight spreads — or, ideally, no spreads at all. They also need a good connection to the brokers’ servers, since even the slightest slippage in scalping can decide the profitability of the order.

If you want to try your hand in scalping, start with the “lazy river” strategy – it is slower and less profitable than the others but allows for some downtime and is easier on your psyche.

Price action

Price action is a slower but more systematic approach that prioritizes stability before the profit. It is based on recognizing the patterns formed by the candlesticks and moving averages, and trading by them.

Price action traders have more downtime, as well as more time to make decisions. The downside is lower profits.

Since this is a slower strategy, price action traders often prioritize good leverage options and reliable analytic reports before the good connection and tighter spreads. However, if you have enough starting capital to cover the minimal trades and can analyze the market yourself, the 0-pips spreads definitely won’t hurt.

Leverage is an ability to trade with larger amounts than your investing capital allows. It increases risks but also increases the profits. Most forex brokers offer leverage up to 1:3000.

There are dozens of price action patterns and even more guides. However, you can start by learning about pin-bars, inside/outside bars and false breakouts. They are more common and often are the only ones that you will see for quite a while.

How to open a forex account in south africa

Before you open an account, you need to understand which account you need. In south africa, forex brokers offer five account types:

Practice (demo) accounts are funded with virtual money and are commonly used for training or testing new ideas and strategies. Every forex trader should start with a practice account.

Cent accounts multiply all your investments by 100 and divide all payments by the same amount. If you want to trade without leverage and don’t have 100 000 USD — cent accounts are the best choice.

Mini accounts have no starting capital limits and are often used for high-leverage trading. Mini accounts are a good choice for beginner price action traders, but less favorable to scalpers due to rather loose spreads.

Standard accounts have a 100 USD minimum starting capital, provide better trading conditions. Are used by the majority of traders. A lot of scalpers start with the standard accounts because they have tighter spreads.

ECN zero accounts have a 500 USD minimum starting capital, provide 0-pips spreads in exchange for a transaction fee, and are used by the experienced traders with sizable assets. While some scalpers might be tempted to start on ECN zero, it is not recommended.

Once you have picked an account type, you need to sign up at forex broker’s website. For example forex broker justforex. Then, verify your identity by providing support with a scan of your passport or another government-issued document. From that point on, you can start trading on a demo account. To trade on the real-money one, you’ll have to top it up first.

Forex trading

Harness volatility in the world’s most-traded financial market with the no.1 retail forex provider in the UK. 1

Trade forex on our international account.

Call 010 344 0053 or email helpdesk.Za@ig.Com to talk about opening a trading account. We’re here 24 hours a day, from 9am saturday to 11pm friday.

Why trade forex with us?

Get an edge with the UK's best web-based platform and award-winning mobile trading apps 2

Negative balance protection ensures that your
account never stays below zero 3

Get friendly, expert support 24 hours a day from 6am saturday to 10pm friday

Identify FX opportunities on clear, fast charts, and deepen your analysis with prorealtime

Get peace of mind trading forex online with a provider that's authorised and regulated by the FCA

Open a free account quickly and easily - you could be trading forex in minutes

Ways to trade forex with IG

CFD	DMA (forex direct)
main benefits	tax-deductible losses are useful for hedging 4	increased market transparency and order control
accessible to	all clients	professional clients only 5
traded in	contracts	lots
tax status	no stamp duty, but you do pay CGT. Losses can be offset as a tax deduction 4	no stamp duty, but you do pay CGT. Losses can be offset as a tax deduction 4
commission	commission-free for FX	variable commission
platforms	web, mobile app and advanced platforms	L2 dealer, mobile app, terminals and apis
learn more about CFD trading	learn more about DMA

What is forex trading?

Forex trading, is the buying and selling of currencies on the foreign exchange market with the aim of making a profit.

Forex is the world’s most-traded financial market, with transactions worth trillions of dollars taking place every day.

What are the benefits?

Go long or short

24-hour trading

High liquidity

Constant opportunities

Trade on leverage

Wide range of FX pairs

How do I trade forex?

Decide how you’d like to trade forex

Learn how the forex market works

Open a forex trading account

Build a trading plan

Choose your forex trading platform

Open, monitor and close your first position

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Trade seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Trade seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading now

How much does FX trading cost?

Margins

When you trade cfds you do so with leverage - meaning you can win, or lose, a significant amount more than your initial deposit - called your margin. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your forex trade.

Spreads

Your key payment for trading forex is the spread - the difference between the buy and the sell price - our charge for executing your trade. We work to keep our spreads among the lowest in the business.

Depending on your position, you may need to pay overnight funding.

It's free, quick and simple to create an account with us. Open one today, and you'll get access to over 17,000 financial markets.

When you're ready, you choose your deal size. What's more, you'll get lower minimums for one month while you master the markets.

Discover your next opportunity

Search our huge range of forex pairs.

Live FX prices

These prices are indicitive only, and subject to our website terms and conditions.

Choose your currency trading platform

Seize opportunity at your desk or on the go with the UK’s best web trading platform and mobile trading app. 2

The cost of trading forex depends on which currency pairs you choose to buy or sell. With IG, you’ll trade forex on margin , which means you need a small percentage of the full value of the trade to open and maintain your position. Margin isn’t a direct cost to you, but it has a significant impact on the affordability of your trade. Our margin rates start from as little as 0.45%.

Other than the margin, you also pay a spread, which is the difference between the ‘buy’ and the ‘sell’ price of an asset. To open a long position, you’d trade slightly above the market price (buy price) and to open a short position, you’d trade slightly below the market price (sell price).

Lastly, if you do not close your position before the end of the trading day, you will pay overnight funding charges.

No, the forex market closes at 11pm on friday, and does not open again until 10pm on sunday. However, IG offers weekend trading on the GBP/USD currency pair. This means you never need to miss an opportunity to trade.

Note that the market is only closed to retail traders (not central banks and related organisations), so there can be a difference in price between friday close and sunday open.

The best time to trade forex will depend on your personal risk preference, as high liquidity and volatility can affect forex prices. When the london session opens at 9am, liquidity and volatility will likely be high as traders begin interacting with each other. Trading will usually become less liquid a few hours later, and it will pick up again after the american session opens at around 1 pm.

The foreign exchange market is open 24 hours a day, five days a week – from 10pm sunday to 11pm friday. So, you can trade at a time that suits you and take advantage of different active sessions.

Remember: the forex market’s opening hours will change when certain countries shift to daylight savings time.

With IG, you can open a forex trading account online , call 010 344 0051 or email helpdesk.Za@ig.Com. It only takes a few minutes to create an account, and there’s no obligation to add funds until you want to place a trade.

Alternatively, you can open a demo account to experience our award-winning platform and develop your forex trading skills.

Award-winning forex provider

Choose the no.1 FX retail provider 1

IG is home to more retail forex traders in south africa than any other forex trading. Why trade with anyone but the no.1?

Choose the no.1 FX retail provider

IG is home to more retail forex traders in south africa than any other forex trading. Why trade with anyone but the no.1?

Choose the no.1 FX retail provider

IG is home to more retail forex traders in south africa than any other forex trading. Why trade with anyone but the no.1?

Choose the no.1 FX retail provider

IG is home to more retail forex traders in south africa than any other forex trading. Why trade with anyone but the no.1?

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Why AMD fell despite price upgrades from jpmorgan, barclays and more

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Commodities trading

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How to manage risks

Trade cfds on a wide range of popular and niche metals, energies and softs.

See how we've been changing the face of trading for more than 40 years.

Mitigate against forex trading risk with our range of stop and limit orders, and keep an eye on forex prices with customisable alerts.

1 by number of primary relationships with FX traders (investment trends UK leveraged trading report released july 2020).

2 best trading platform as awarded at the ADVFN international financial awards and professional trader awards 2019. Best trading app as awarded at the ADVFN international financial awards 2020.
3 negative balance protection applies to trading-related debt only, and is not available to professional traders.
4 tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
5 the advertised offering is only available to individual clients capable of obtaining ‘professional’ status. This requires experience of trading relevant products on your own account above a certain size, experience of working within the financial sector for at least one year in a relevant position and/or a personal investment portfolio worth at least €500,000.
6 average spread (between 00:00-21:00 GMT monday to friday) for the 12 weeks ending 29th may 2020. For our minimum spreads, please see our forex CFD details.
7 average spread (between 00:00-21:00 GMT monday to friday) for the 12 weeks ending 29th may 2020. There is also a commission charge for forex direct.

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Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. Professional clients can lose more than they deposit. All trading involves risk.

IG is a trading name of IG markets ltd and IG markets south africa limited. International accounts are offered by IG markets limited in the UK (FCA number 195355), a juristic representative of IG markets south africa limited (FSP no 41393). South african residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance.

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. Whilst IG is a regulated FSP, cfds issued by IG are not regulated by the FAIS act as they are undertaken on a principal-to-principal basis.

The information on this site is not directed at residents of the united states or belgium or any particular country outside south africa and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Voted SA’s top CFD provider in business day investors monthly annual stockbroker awards in 2012 and 2013, best platform for active day traders in 2013 and 2014, SA's best online broker in 2015 and 2017 and SA's best CFD provider in 2020.

How to open an account

You can start trading with OANDA in three simple steps: complete our application form, verify your identity and deposit funds. You are now ready to place your first live trade with OANDA. It is as easy as that.

Step 1: apply for an account

To apply, you must be over 18 years old.

We only ask questions that are relevant to your application and for regulatory purposes.

You have to provide proof of identity and address, such as a valid government ID and household registry document.

Step 2: verify your identity and address

We need you to send some documentation to verify your identity. You can scan the below documents or use your smartphone to take a picture of the documents and submit them through our application process.

Proof of identity

You can use an identity document such as your government ID or passport to verify your identity. Scan or take a photo (preferred) of your document.

We cannot accept copies of copies, black and white copies and/or photocopies. The document must be either a scan or photo of the original document.

Proof of address

Bank statement (preferred), utility bill or other document with your name and address on it. In certain cases, we may ask for more than one document as proof of your address.

A valid household registry (police generated hukou book equivalent document) (preferred), utility bill or other documents with your name and address on it. In certain cases, we may ask for more than one document as proof of your address.

The document should show your current residential address and must match the address on your OANDA account application. It should be for an account held in your name and be the most recently issued version. For example, within the last three months for bank statements.

To ‘c/o' or ‘care of’ documents cannot be accepted.

Online generated proof of address documents should be in PDF format and must be downloaded from your online account. In the case of screenshots, you will need to include the whole web page as well as the URL of the site from where the document was downloaded.

How to register and open swiss markets forex trading account?

How to open swiss markets MT4 FX trading account? Invest with the professional and licensed broker today.

Swiss markets - what's now?

We are no longer promoting swiss markets. The information regarding to swiss markets on the website 'hercules.Finance' maybe outdated. Ref. Swiss markets

How to open swiss markets forex trading account?

Comparison of trading account types of swiss markets
1. Classic STP account
2. Raw STP – swiss 11 account
3. Raw STP – swiss 8 account
4. Raw STP – swiss 5 account
5. Swiss markets demo account

What you can invest with swiss markets?

Swiss markets MT4 (metatrader4)
- Swiss markets MT4 for mac

Conditions of fund deposit and withdrawal with swiss markets
- Is my fund safe with swiss markets?

Swiss markets is a STP MT4 broker

Use free trading tools of swiss markets

Who is swiss markets?

Why invest with swiss markets?

Swiss markets’ bonus promotions and contests

Faqs about swiss markets’ service

How to open swiss markets forex trading account?

To open forex trading account with swiss markets, follow the steps below.

Go to swiss markets official website and click on “register”

Fill in the form and click on “subtmit”

Receive confirmation emails from swiss markets

Note that you need to submit copies of ID and a proof of address to swiss markets in order to complete your account verification.

The account opening with swiss markets may only take a few minutes to complete.

Comparison of trading account types of swiss markets

There are mainly 4 trading account types available with swiss markets.

Are you new to forex or don’t know which account is suited for you? Then start with swiss markets’ classic STP account which has all the basic benefits and advantages for investors.

For the comparison of swiss markets’ trading account types, please refer to the page below.

Account types	classic STP	RAW STP – SWISS11	RAW STP – SWISS8	RAW STP – SWISS5
available base currencies	EUR, USD, GBP, CHF, PLN	EUR, USD, GBP, CHF, PLN	EUR, USD, GBP, CHF, PLN	EUR, USD, GBP, CHF, PLN
1 lot volume	100,000 units	100,000 units	100,000 units	100,000 units
maximum leverage	1:500	1:200	1:200	1:200
minimum spread	0.9 pips	0.0 pips	0.0 pips	0.0 pips
trading commission	none	$11 per lot	$8 per lot	$5 per lot
maximum number of simultaneous positions	200 positions	200 positions	200 positions	200 positions
minimum trading volume	0.01 lots	0.01 lots	0.1 lots	1 lot
maximum trading volume	50 lots per order	50 lots per order	50 lots per order	50 lots per order
restrictions of trading strategy	none	none	none	none
islamic swap free account	available	available	available	available
required deposit amount	$200	$200	$2,000	$10,000

For more information about the required minimum deposit amount to trade with swiss markets, visit the page here.

You haven’t decided which account to use for trading?

Start with the classic STP account to experience the basic trading conditions of swiss markets with low deposit requirement.

1. Classic STP account

Swiss markets’ classic STP account is suited for any types of traders who are getting started with swiss markets.

Swiss markets’ classic STP account requires only $200 of minimum deposit amount, and includes all the basic advantages of swiss markets.

For traders who like to avoid extra trading commissions, swiss markets’ classic STP account is also recommended as it is the only account which trading cost is only the spread.

Swiss markets’ classic STP account is also the only account type of swiss markets which offers up to 1:500 high leverage.

For more information about swiss markets’ classic STP account, go to the page below.

2. Raw STP – swiss 11 account

Swiss markets’ swiss 11 account is suited for traders who wants to trade with raw spread.

Swiss markets’ swiss 11 account offers investors with 0.0 pips raw spread, but there are $11 per lot commission .

Swiss markets’ swiss 11 account requires only $200 as the minimum deposit amount which is the same as swiss markets’ classic STP account.

For more information about swiss markets’ swiss 11 account, go to the page below.

3. Raw STP – swiss 8 account

Swiss markets’ swiss 8 account requires high deposit amount than classic STP and swiss 11 account, but charges you less in trading commissions.

Swiss markets’ swiss 8 account also offers investors with raw spread from 0.0 pips.

The trading commission is only $8 per standard lot, which equals to 0.8 pips of mark up spread.

Swiss markets’ swiss 8 account requires $2000 as the minimum deposit amount, but is suited for any professional traders who seek lesser trading cost on MT4.

For more information about swiss markets’ swiss 8 account, go to the page below.

4. Raw STP – swiss 5 account

Swiss markets’ swiss 5 account is suited for professional traders.

Swiss markets’ swiss 5 account has the ultimate conditions which include all advantages of swiss markets.

Swiss markets’ swiss 5 account offers the raw spread 0.0 pips and the trading cost is only $5 per standard lot.

If you are able to invest more than $10,000 for forex, then swiss markets’ swiss 5 account is suited for you.

For more information about swiss markets’ swiss 5 account, go to the page below.

5. Swiss markets demo account

If you are new to forex and CFD trading, then you may want to start with swiss markets’ demo account.

Swiss markets’ demo account is credited with virtual money and you can practice trading all financial instruments without risking your own funds.

You can use swiss markets’ demo account to trade on the MT4 (metatrader4) and see all the advanced trading tools and options.

Swiss markets’ demo account is free to open.

What you can invest with swiss markets?

With swiss markets, you can invest in over hundreds of financial markets in one trading account.

Here is the list of available financial markets for trading with swiss markets.

Forex currency pairs

Metals (gold, silver and platinum)

Energies (US oil, brent oil and natural gas)

Stock indices

Equities (shares)

Cryptos (bitcoin, ethereum and litecoin)

All of the markets available available for trading in one account.

Signup and open swiss markets MT4 account to get access to international markets.

Swiss markets MT4 (metatrader4)

MT4 desktop is the flagship trading platform from metaquotes.

It is the most powerful and feature-rich version of metatrader 4, allowing you to chart multiple assets at the same time, apply chart studies and technical indicators as well as running advanced algorithmic trading functions.

Add to this superior STP execution from swiss markets and you have an unbeatable combination.

When it comes to trading platforms, few companies have managed to gain the traction that metaquotes has.

Their metatrader 4 (MT4) platform has been around for over a decade now and is by far the best-known and most-used platform in online trading.

The overwhelming success of MT4 has come down to a number of factors, all of which have contributed to making it the household name that it is today.

Firstly, earlier versions of MT4 had already gained enough of a following, so that when it was finally released during the early boom of the online forex industry in 2005, it became absolutely imperative for brokers to start offering it alongside their own proprietary trading platforms.

Secondly, by allowing for the creation of third party scripts, metaquotes helped create a vibrant MT4 community, which has helped to spread the popularity of the platform, as well as ensuring that there are many competent MT4 developers out there, many of whom have become invaluable to online brokers.

Finally, by incorporating an algorithmic trading component to MT4, metaquotes was extremely forward-thinking and effectively inspired an entirely new industry that centres around the creation, back-testing, refinement and effective deployment of trading algorithms for retail traders.

Swiss markets MT4 is renowned for being easy to use and thus having a very gentle learning curve for beginners, while also being extremely powerful beneath the hood and possessing hidden depths that keep more advanced traders returning to it.

It combines attractive, intuitive layouts with speed, security and a host of indicators and chart overlay functions.

Try swiss markets MT4 today with unbeatable STP execution from swiss markets.

Swiss markets MT4 for mac

The swiss markets MT4 for mac allows you to take advantage of the same functionalities you would have for a windows based PC without the need of installing further operating systems.

Trade on swiss markets’ MT4 on your mac to experience the benefits of trading with professional STP execution and superior pricing aiming to make your trading experience effective and efficient.

Trade over 250 instruments, including forex, metals, energies, commodities and indices

User friendly interface within a customisable environment

Functionality to use your own technical indicators and expert advisors (EA’s)

Conditions of fund deposit and withdrawal with swiss markets

Swiss markets accepts deposits through various ways and many of the funding methods are completed instantly thanks to swiss markets’s API connection.

Refer to the table below for the conditions of fund deposit and withdrawal with swiss markets.

Funding method	accepted currencies	fees (commission)	deposit processing time	fund withdrawal
VISA	EUR, USD, GBP, CHF, PLN, DKK, NOK, SEK	none	instant	available
mastercard	EUR, USD, GBP, CHF, PLN, DKK, NOK, SEK	none	instant	available
maestro	GBP	none	instant	unavailable
postpay (bank of italy- banca d’italia)	EUR, USD, GBP, CHF, PLN, DKK, NOK, SEK	none	instant	unavailable
giropay	EUR	none	instant	unavailable
sofort	EUR	none	instant	unavailable
eps	EUR	none	instant	unavailable
ideal	EUR	none	instant	unavailable
przelewy24	PLN	none	instant	unavailable
skrill	USD, EUR, CHF, GBP, PLN, SEK, NOK, DKK	none	instant	available
neteller	USD, EUR, CHF, GBP, PLN, SEK, NOK, DKK	none	instant	available
bank wire transfer	EUR, USD, GBP, PLN, DDK, SEK	none	instant	available

Swiss markets covers the cost for fund withdrawals also the receiving costs if there is any.

Is my fund safe with swiss markets?

Swiss markets is an online forex and CFD broker regulated and licensed by the mauritius financial services commission.

Swiss markets follows the regulations of FSC in mauritius and takes multiple measures to protect investors’ funds.

All investors’ funds are kept in segregated bank accounts prepared by swiss markets.

With the segregated bank accounts, swiss markets keeps investors’ funds and company’s funds separated.

Swiss markets also responds to fund withdrawal requests within 24 hours in business days.

As a risk management measure, swiss markets also supports NBP (negative balance protection) for all accounts.

Swiss markets’s NBP is also known as insurance fund which guarantees that the maximum loss of trading is always limited to the total deposit amount.

Swiss markets is a STP MT4 broker

Swiss markets is an online forex and CFD broker which processes clients’ orders with STP execution.

Swiss markets’s STP execution makes sure that all clients orders are sent to market liquidity providers directly.

There is no interruptions to clients’ orders or manipulation to market prices.

This execution model means a great advantage for investors as there is no conflict of interest between swiss markets and its investors, unlike many other brokers.

Instead of making profit from clients’ losses, swiss markets makes profits from commissions they charge.

The amount of commission is very small and is clear to any investors’ eyes.

Due to the above reasons, swiss markets supports investors to make profit because swiss markets can earn more when investors trade more.

The execution model is the same for all account types of swiss markets.

Find out more about swiss markets’ order execution in the FAQ here.

Use free trading tools of swiss markets

As a client of swiss markets, there are many trading tools that you can use for free.

The tools include the instant calculators.

Swiss markets’ online calculator can be used to calculate margin requirement, pip and point value, and swap points.

Swiss markets also has a currency converter which you can see the conversion rate of each currency.

There are more tools for account management in swiss markets’ client portal, and also in swiss markets’ MT4.

Signup with swiss markets for free and get access to all the latest trading tools.

Who is swiss markets?

Swiss markets is an online forex and CFD broker founded in 2009.

By opening an account with swiss markets, you can invest in forex, energies, indices, stocks, precious metals and cryptocurrency markets through their MT4 (metatrader4) trading platforms.

Swiss markets is a brand name of BDS markets ltd, which is regulated by the mauritius financial services commission (or FSC).

Every process from application to trading are done online with swiss markets.

As a recent online broker, swiss markets provides investors full set of trading tools and advantages needed to invest online.

For more information about swiss markets and their service conditions, please visit the official website from below.

Why invest with swiss markets?

As a professional online forex and CFD broker, swiss markets has a lot to offer for online traders.

We have picked up some advantages and merits of swiss markets’ service here.

1:500 high leverage
swiss markets offers high leverage for forex trading on MT4. With 1:500 leverage, you can literally increase your trading volume by 500 times.

NBP (negative balance protection)
swiss markets supports NBP for all accounts. Trading with 1:500 high leverage involves higher risks, but the maximum loss is limited to the total deposit amount with swiss markets’ NBP system.

Swiss markets MT4
swiss markets has chosen MT4 (metatrader4) as the base trading platform. MT4 is the most popular trading platform in the world with many advanced trading tools.

Mobile trading and web trader
you can run swiss markets MT4 on any types of devices including android, tablet, iphone and ipad. You can also run swiss markets MT4 on internet browser without installing any software.

Swiss markets is regulated and licensed
swiss markets is a regulated and licensed broker. The main regulator is the mauritius financial services commission.

STP fair execution
swiss markets processes all clients’ orders with STP execution. Meaning that all orders are directly sent to the real market without any manipulation.

No restrictions on trading strategies
swiss markets allows any types of trading strategies on the MT4. As a STP broker, there is no limitation in terms of trading strategies.

Low minimum deposit
to start trading forex and cfds with swiss markets, you don’t need large amount to invest. With swiss markets, you can start trading from $200 of minimum deposit amount.

Hundreds of financial markets
not only forex markets, but with swiss markets, you can also invest in precious metal, energy, index, stock and cryptocurrency market all together.

Instant funding
swiss markets provides investors with various fund deposit methods and many of them are processed instantly. You can refill your account at anytime as you want.

No fees for deposit and withdrawal
swiss markets even covers fees charged by payment providers. Swiss markets does not charge any fees, so you can transfer your funds without worrying about costs.

For more information about swiss markets’ service, visit the official website from below.

Swiss markets’ bonus promotions and contests

Swiss markets occasionally runs bonus promotions and trading contests for traders.

The latest campaigns will be announced in swiss markets official website and also be sent out to the existing investors of swiss markets via email.

Swiss markets does not run any bonus promotions or contests normally.

As a STP FX broker, swiss markets strives to offer the best trading environment through its MT4.

Swiss markets’ main advantages is provided through their superior trading conditions such as high leverage, raw spread, low trading commission and free trading tools.

To stay updated of any upcoming campaigns of swiss markets, signup with swiss markets for free.

Faqs about swiss markets’ service

We receive a number of inquiries from investors.

To answer questions beforehand, we have listed the faqs regarding to swiss markets’ service conditions below.

Are swiss markets and bdswiss are same company? Swiss markets and bdswiss are different companies which belong to the same group companies. The service conditions may also differ depending on the company you register with. How much is the risk to trade forex and cfds with swiss markets? With swiss markets, the maximum loss is limited to the total deposit amount thanks to their NBP (negative balance protection) working as insurance funds for investors. Is swiss markets a better FX broker than others? Being a STP MT4 broker, swiss markets has many advantages to offer for its investors. There has been already more than 1 million traders investing with swiss markets by the end of 2019. How much do I need to trade FX with swiss markets? To start trading forex and cfds with swiss markets, you need to deposit at least 200 USD to your account. For superior account types, swiss markets requires more deposit amount. Can I use MT5 to trade FX with swiss markets? No, swiss markets only provides MT4 (metatrader4) as its main trading platform. You cannot login to MT5 platforms, using swiss markets’ MT4 login credentials. Does swiss markets run bonus promotions and contests? Swiss markets occasionally runs bonus promotions and trading contests. The latest campaigns are announced on swiss markets official website or privately sent to currency investors via email. Is it free to open FX account with swiss markets? Yes, it is free to open swiss markets MT4 trading account. There is no cost charged for account opening, deposit and withdrawal by swiss markets. The only cost you need to cover is the trading cost. What can I invest in with swiss markets? With swiss markets, you can trade foreign exchange, precious metals, energies, indices, stocks and cryptocurrency pairs in one trading account. There are over 250 financial instruments. What is the minimum spread and trading cost of swiss markets? Swiss markets is a STP broker which offers raw spread on MT4 trading accounts. The minimum spread starts from 0.0 pips. Is my money safe with swiss markets? Swiss markets protects investors’ funds in many ways. Their fund protection measures include the segregated bank account, insurance fund, NBP and STP trading environment. Can I use mobile phones to trade FX with swiss markets? Yes, swiss markets’ web trader and mobile apps are available for both android and ios devices (iphone and ipad). Is there any limitations to the fund withdrawals? No, swiss markets does not have any limitations to the fund deposit and withdrawal amount. You can withdraw unlimited amount of profit from your account. Where can I download swiss markets MT4 platforms? You can download swiss markets MT4 trading platforms from swiss markets official website. The platforms can be downloaded for various types of devices for free.

Find out more about swiss markets’ trading conditions in the page here.

So, let's see, what we have: looking to open a forex trading account? Find out how to do it and get information on the requirements you need to get started. At how to register forex trading account