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OctaFX does not offer ZAR base currency trading accounts, only USD & EUR account currency options are available to SA traders. The spread is 0.6 pips on average with their Pro account, and it is as low as 0 pips (plus 7 USD commission) with Zero & Raw Spread accounts. So, their fees overall are very competitive. Indicators are usually released on a monthly basis but some are released weekly. The Swap fees at Exness are moderate. Both Chris and Sascha provide weekly webinars to discuss market trends and provide pre-market analysis before starting your trading day.
So there is negative carry if you are Long the EUR against the US Dollar. There are also services that go beyond these criteria, so make sure to opt for such providers. Considering the above, it is no wonder why most brokers prefer to operate only as market makers and sometimes hedge the trades of very profitable traders Yet Forex trading involves taking a large number of trades. Exness was founded in 2008 & they are now one of the largest broker globally in terms of daily trading volume, with around 2 Trillion USD trading volume in May, 2022 (as per the latest financial reports on their website).
Their funding & withdrawal methods are quite convenient for South African traders. A high leverage such as 500:1 means you can control up to $500 of trade position for every $1 of margin you deposit in your account. Our job is simple: to teach you how to harness the power of currencies – so you can get in on some of the most exciting action in trading today. Selling a Forex product or service you are passionate about will turn your job into an enjoyable venture.
OctaFX was founded in 2011. Exness does not have any bonus offers for South African traders. With only eight economies to focus on and since forex is traded in pairs, traders will look for diverging and converging trends between the currencies to match up a forex pair to trade If you beloved this article and you simply would like to collect more info regarding what to expect with anal sex i implore you to visit our website. .