Platform demo.
Practise trading with R1,000,000 virtual funds.
Use your demo account on our free mobile and tablet apps.
View charts, live prices and more.
Navigate quickly between charts, news and deal tickets.
Tailor the interface to suit your dealing style.
Trade with confidence, 24 hours a day.
Why two accounts?
We open two separate trading accounts for you when you apply, a domestic account held with IG South Africa and an international account held with IG UK. This means that you can trade local instruments (in local currency) as well as over 10,000 international markets (in a range of foreign currencies) with the security, technology and support of the FTSE-250 listed, IG Group.
We do this in order to adhere to South African exchange control regulations that only allow local instruments to be traded on a domestic account.
If you would like more information regarding your accounts, please contact us on 010 344 0053 or helpdesk. zaig.
South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.
* Important points.
The demo account is a tool designed to enable you to practise using the IG platform in a risk-free environment. While much of the functionality of the live platform features in the demo account, there are key differences to be aware of, including (but not limited to):
Trades made through the demo account will not be subject to slippage, interest and dividend adjustments, or out of hours price movements Trades will not be rejected, which may happen on a live account You will not be charged for chart packages.
This is by no means an exhaustive list, and therefore before opening a live account we recommend you read the information available on our website as well as the Customer Agreement to ensure that you are aware of the features of a live account.
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Start trading with real money with a full CFD account.
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Remember that CFDs are a leveraged product and can result in losses that exceed your deposits. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.
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 and may not use credit or debit cards to fund their international account.
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 and SA's best Online Broker in 2015 and 2017.
CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Demo Accounts.
Demo Accounts.
What is a forex demo account?
Demo accounts are 100% free and are a good way for a new trader to try a broker without risking any money.  Demo accounts often have all of the features you would expect from the broker, and it gives the trader a good feel for what trading would be like with MT4 or with the broker’s own software or apps.
What is the best forex demo account?
Since you start a demo account with a thought that you may one day trade in a live environment, I always suggest that you compare a broker for a demo account the same way you would for a live trading account. With that in mind, the list below includes information that would be important for you should you wish to trade live on the markets. В To sign up for a demo account click on the “ Open Demo” buttons below for a broker that suits you.
Are forex demo accounts accurate?
Demo accounts use the same real-time data that you would be trading on.  The only way that it is not accurate is that the wins and losses that your trades are making don’t actually count for anything as it plays money you are using.
The feeling of trading in a live environment will be different because of the psychological nature of fear of loss, so you can expect that when you move over to the live environment it will feel different even though the platform is the same.
How do forex demo accounts work?
Most demo accounts work exactly like a regular account – expect the broker will fund the account with credit that can only be used for trading in an environment that mimics the live environment. В Once you sign up for a demo account and verify your account by submitting the needed documentation, your account will be available immediately and you will receive your logins for the demo account.
It is common for traders to use MetaTrader4, and if this is your first time installing the software and setting up, we have a guide to help you.
With some brokers, the demo account will expire after a period of time unless you open a regular account. В Should you open a regular/live account, you will be able to keep your demo account to continue testing your new ideas and practicing alongside your actual trading.
How to use forex demo accounts.
A forex demo account is a great way to make your first entry into forex trading, but if used for too long it can breed bad habits and allow you to develop shortcuts that can impact your trading in a real environment.
I would always suggest that you use your demo account just as you would your regular account. В It is a great place to learn how to use MT4, how to make a trade, learn how to read the different charts, do technical analysis and try new strategies.
Forex trading.
Low spreads and fast execution with the UK's No.1 retail FX provider. 1.
*Available on an international account.
Live forex prices.
South African listed prices are delayed 15 mins. Log in or create an account to see real-time prices.
Find an FX pair to trade.
Use our market finder tool to find news, videos, analysis and data on the forex pairs you want to trade.
For a full list of FX Margin Tiers, please Click Here.
* FX is available on the international account which was automatically assigned to you when you opened your IG account.
Why trade forex with IG?
Leading FX provider.
IG is the UK's No.1 retail forex provider 1 .
Low spreads.
Spreads from 0.6 pips on EUR/USD and AUD/USD.
Trade on bitcoin prices.
Without having to buy and store actual bitcoins.
Direct market access.
Full market transparency with Forex Direct (DMA).
Unique range of charts.
Essential and pro charts on desktop and apps.
New to forex?
Forex (or sometimes just FX) is short for for eign ex change, and is the largest financial market in the world. Simply put, it’s how individuals and businesses convert one currency to another.
FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there’s no central exchange. Instead, currencies are traded by a global network of banks, dealers and brokers, which means you can trade any time, day or night, Monday to Friday.
FX prices are influenced by a range of different factors, including interest rates, inflation, government policy, employment figures and demand for imports and exports.
And because of the sheer volume of currency traders and the amount of money exchanged, price movements can happen very quickly, making currency trading not only the largest financial market in the world, but also one of the most volatile.
Watch Sara explain the basics of.
forex trading in less than two minutes.
FX spreads and slippage rates.
CFD costs and details.
Full FX CFD details, including currency pairs, spreads and margins.
Forex Direct (DMA)
Get full market transparency when you trade FX CFDs with our in-house DMA service.
MT4 product details.
Full FX MT4 contract details, including currency pairs, spreads and margins.
Best forex mobile & tablet app.
Best forex trading platform.
Best platform for active day traders.
SA's top stockbroker for the active day trader.
Open an account now.
It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.
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Platforms and apps.
Browser-based desktop trading and native apps for all devices.
Market analysis.
The latest analysis and insights from our in-house experts.
24-hour support.
We're here 24 hours a day Mon-Fri, and 9am to 5pm Sat-Sun.
South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.
1 UK's largest retail FX provider based on number of active accounts (Investment Trends UK Leveraged Trading Report released June 2017).
2 Average spread for the 12 weeks ending 24 February 2017. For our minimum and typical spreads, please see our forex CFD details.
3 Time-weighted (22:00-20:00 GMT) average spread by trade (quoted to three decimal places), March 2016.
Contact us.
We're here 24hrs a day from 9am Saturday to 11pm Friday.
Latest FX news.
FX levels to watch – EUR/USD, GBP/USD, USD/JPY.
FX levels to watch – EUR/USD, GBP/USD, USD/JPY.
FX levels to watch – EUR/USD, GBP/USD, USD/JPY.
IG services.
Trading platforms.
IG analysis.
Contact us.
Follow us online:
Remember that CFDs are a leveraged product and can result in losses that exceed your deposits. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.
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 and may not use credit or debit cards to fund their international account.
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 and SA's best Online Broker in 2015 and 2017.
CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Forex Trading South Africa.
Forex Trading South Africa.
Want to trade Forex online in South Africa? TradeForexSA В answers questions for those who are getting started with Forex trading and gives honest and balanced reviews of the Forex brokers available online. В Forex trading can be a lot of fun, but it does come with a great deal of risk. В If we help you choose the best broker, by weighing every pro with a con, we have then succeeded in our goal.
The Best Forex Trading Brokers For South African Traders.
What is Forex Trading?
In the past, you might remember that when we traveled overseas we needed to exchange money before we hopped on the plane.  It meant that we needed to take money from our bank accounts and either change our money into cash or a traveler’s check that we could cash on arrival at our destination.  Although this no longer happens as much because of wide-spread credit card use, the practice of buying and selling one currency for another still takes place.  It takes place on the global currency market and everyone from the smallest of forex traders to the biggest of banks are continually buying and selling currencies for profit.
The Foreign Exchange Market, or Forex, is the biggest financial market in the world. Dealing in the trading of international currencies, Forex has different financial centers located around the globe, and buyers and sellers work throughout the week to trade currencies and other commodities.
Forex trading, as with the buying and selling of any other product on the market, has everything to do with supply and demand. В If we are going to sell a currency there must be someone else who must be willing to buy it. В Because of the potential for profit, there will always be a lower price and that buyer will be willing to pay for a unit of the currency than for buying it. В A forex trader is able to make a profit by purchasing a currency and then selling after the price has changed.
The biggest difference with Forex trading, compared to trading more physical products, is that traders can either invest in the price increasing or decreasing. В This is called going long, or short. В A forex trader is able to make money by speculating on a currency dropping in value (going short) or increasing in value (going long) as long as the determination is made in advance.
New to Forex Trading?
Learning to trade forex can be hard but you are not alone. В WeВ have put together a set of articles to get you comfortable enough to get you started and take that first step. Much of trading is learning by doing. Once you understand the basics because it is only using expert tools and doing your own analysis that you will start to understand what is involved. В So, as you choose your broker, read the following articles.
Starting Resources.
Getting started with Forex Trading.
Find a broker on our website that would suit you. Open anВ account on the broker website by providing your name and phone number. The broker will call to see how to give you the best start. Verify your identity & personal details by providing the requested documents. Make your initial deposit to start trading & get access to training material.
Featured Sections.
Demo Accounts.
Demo accounts are a good way for a new trader to try a broker without risking any capital.  Demo accounts often have all of the features you would expect from the broker, and it gives the trader a good feel for what trading would be like with MT4 or with the broker’s own software or apps.  Read more.
Cryptocurrency Trading.
Looking to trade Cryptocurrencies like Bitcoin and Etherium? They have become very popular and are good trading for those who enjoy technical analysis and charts. В Here are the best brokers who offer these assets. В Read more.
Forex Trading Apps.
Some Forex trading apps are high quality and can be used in trading, price quotes, currency comparisons, and analysis. В Here is a list of brokers with great mobile apps so you are ready to trade on the move. В Read more.
What is Forex Trading Like?
Forex traders spend much of their time looking at the way the value of a selected currency changes over time. В This is always done in relation to another currency, just like the example above when we would sell our ZAR to buy another currency we traveled. В The best way to visualize these changes over time in on a chart, and below is the chart showing the changes in the ZAR and USD prices over time.
Is Forex Trading Profitable?
Forex Trading can be profitable or unprofitable depending on what at trader invests in, how the trader makes the investment, and the market conditions during the time they hold the investment. В These aspects working together will determine if the trade is profitable. В Forex traders will always lose a portion of their trades, so it is important for all traders to set a win-loss ratio that you should target. В As a general rule, a trader should not invest more than 2% of their total capital into one trade, and never trade any money that you can not afford to lose.
Are there Forex Trading Tools?
Yes, and there are a great number of tools to help with Forex trading. В Most of them are already included in the platform that you use when you sign up with the broker, but once and a while there is a great stand-alone piece of software that can be a real help in Forex trading. В We love to feature these kinds of software because we believe they have great value for the readers. В An example of a tool like this is FormationSeeker that helps traders identify harmonic patterns in the trading and highlights opportunities for profit. В For a full review of all Forex analysis tools, you can read our article.
Do forex traders pay tax in South Africa?
Forex gains are not tax-free income, and all gains from your Forex trading are taxable even if your brokage and capital are overseas. В South AfricansВ are expected to declare taxes just as with any other income either as an individual or a company. В For more on this read our taxation article for forex traders who reside in South Africa.
FSB Regulation in Forex Trading.
South Africa’s investment regulatory body is called the FSB (Financial Services Board) whose job it is to regulate all non-banking in South Africa. В Regulators like the FSB are put in place to protect the public from financial crimes and irregularities. В Today, in addition to regulating trading on the JSE, the FSB regulates Forex trading brokers.
Currency Trading Options.
Forex trading is only one of your options for trading. В There are other ways that we can trade with currencies and these can be good to mix into your trading portfolio. В CFDs, or Credit Default Swaps, can be traded with most brokers that you use for your forex trading. В Some brokers will also allow you to trade cryptocurrencies like bitcoin, which can add a different flavor to your trading. В Cryptocurrencies are not affectedВ by the fundamental data like inflation and unemployment that traditional currencies are subject to.
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