Standard Bank is a leading provider of online Forex trading for investors worldwide. This is a result of competitive pricing, good liquidity and a range of more than different Forex crosses.

Foreign exchange is the most actively traded and liquid financial market in the world. It offers everyday traders significant potential to increase their personal wealth. The market, which is estimated to trade around USD 4 trillion on a daily basis, trades around the clock and can be accessed at any time, day or night.

Simply put, a forex trade entails the buying of one currency against the selling of another, and vice versa. The advantage of trading the forex market is that there are only a few major currencies to follow compared to the thousands of stocks in the equity markets. Most traders tend to focus on the biggest, most liquid currency pairs, also known as "The Majors".

They include currencies such as the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

Margin trading allows investors to buy and sell assets that have a greater value than the capital in their account. Forex trading is typically executed on margin accounts. The industry practice is to trade on relatively small margin amounts since currency exchange rate fluctuations tend to be less than one or two percent on any given day. Margin trading involves a large amount of risk. Since a position is being held that exceeds the actual value of the account, a trader could incur substantial losses if the market moves against his position.

Thus, margin trading requires close monitoring of margin utilisation, i. If margin utilisation exceeds collateral available for margin trading, positions must be closed, reduced, or additional funds must be posted immediately to cover the position.

Webtrader offers an impressive 12 FX crosses in Precious Metals. Gold, Silver, Platinum and Palladium are available as spot traded commodities, ideal for both long and short-term speculative trading. Spot Gold and Silver can be traded versus US Dollar, Euro, Japanese Yen, Australian Dollar and the Hong Kong Dollar.

Platinum and Palladium both trade against the US Dollar. Consider the power of precious metals trading to: Diversify your portfolio Trade long or short on live streaming prices Leverage your investment Trade from 1 ounce and up with all advanced order types available To learn more about trading Spot Precious Metals, visit our Knowledge Centre.

Spreads depend on the currency pair and the desired trade amount. See full list of FX spreads under FX Prices. FX Product Coverage Webtrader offers you extensive flexibility trading Forex Spot online.

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With us you can: Leverage your FX spot positions. Trade on live, streaming, executable prices. Have liquidity aggregated from Top Tier 1 providers. Please refer to our full list of FX spreads for further details. Trade Ticket Colours The Trade Tickets in Webtrader's Trading Platforms are colour-coded to indicate the availability of the price quoted to you:.

Trade on Quotes The primary method used to execute a trade on Webtrader is to 'trade on quote'. When you click on a 'green' tradable price, you will generally be executed on that particular price, or in a rare event, it may happen that you will not executed at all.

If the price moves too much - either up or down - from the time you place the trade, to the time when we receive you request, the trade request might be rejected. This applies to the scenario where the price has moved significantly against the client as well as movements significantly in favor of the client. Trading FX with Webtrader on 'green' tradable prices gives transparent pricing as you know upfront which price you will be filled at.

That is the price that will be displayed for you on the FX Trade Ticket prior to opening a trade. Various order types can be used to enter or exit the market at certain price levels.

See Order Execution at the bottom of this page. Trading on Bands Different spreads are provided for different bands. The spread is tightest in the smallest band. Trade amounts above the largest bands prices, will be quoted manually on a request for quote basis RFQ.

Deep liquidity removes the delay and the need for manual intervention in the major and most commonly traded currency pairs. See a full overview of the default spreads on all FX crosses. Each time you trade, a reload period begins.

If you continue to make consecutive trades in the same currency pair within the reload period, the spreads may widen beyond the fixed spread as your dedicated liquidity is reduced. After twenty 20 seconds with no new trading activity in the given currency pair, the reload period elapses, and full, dedicated liquidity and normal spreads are available again.

Minimum trade size There is a minimum trade size that applies to FX Spot trading with Standard Bank. For most currency pairs it is 5, units of the base currency, however variations occur. Precious Metals can be traded as low as 1 ounce. Trades cannot be executed below the Minimum Trade Sizes except for closing an open position below the minimum trade size. Forex Trading hours Webtrader is open for FX Spot Trading from Monday morning 5: Some currency crosses, however, have special trading hours as seen in the table below.

This means they settle two business days after the day of execution. With Webtrader, FX Spot positions do not settle. FIFO When netting open FX positions, Webtrader uses FIFO rules, which means the first position you open is the first position to be closed.

You are trading EURUSD opening the following positions: With Webtrader you are able to leverage your FX positions. Margin requirements may be changed without prior notice. Standard Bank reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.

Margin Calls You must maintain the required margin collateral as listed in the Account Summary on the Trading Platforms at all times. If at any time while an FX position is open, and the margin required to maintain that position exceeds the funds available for margin trading on the account, you are in breach of your contract and you need to meet the margin requirements again.

This can be done by either: When the required margin exceeds your margin collateral you are at risk of a stop-out where Standard Bank may close your margin positions on your online mini forex account uk. Risk Warning Margin trading buying stocks premarket a high level of risk to your capital with the possibility of losing more than your ftse 250 companies by market cap investment and may not be suitable for all investors.

Ensure you fully understand the risks involved and seek independent advice if necessary. Supported Order types Most market standard order types are available, i. Market, Limit and Stops including 'No Slip' Stop, Stop If Bid, Stop if Offered with Trailing Stop support.

Trailing Stops, where the Stop level moves in line with the market price, are supported for all three Stop order types. All Stop and Limit Orders can be placed as either: Day Order — automatically expires at the end of the given business jfd forex broker i.

Good till Cancelled GTC — order stays open until cancelled or when filled. Good till Date GTD — order automatically expires at the end of a selected business day.

Free 'No-Slip' Stop Orders - 'No slip' Stop Orders are available on major currency pairs for FREE, in amounts of up to 3 million of base currency and if placed a specific distance away from the current market price.

Also see under ' Great depression stock market simulation 'No-Slip' Stop Orders' below. Order - One-Cancels-Other Orders really xm forex wiki of two orders. If either of the orders is executed because its market conditions have been met, the related order is automatically cancelled.

Market Orders A Market Order, for a currency pair and amount within the streaming liquidity, is treated in the same way as if you are requesting to trade FX spot directly from a Trading Module i.

Market Orders are always filled at the current available price for the given amount. Limit Orders Limit Orders are used to take profit or to enter the market at a certain price level: Limit Orders to buy can only be placed below the current market price.

Limit Orders to sell can only be placed above the current market price. Aggressive Limits - Standard Bank allows for the placement of slightly in the money limits for clients to use as a limited Market Order.

Limit Orders are always filled at the limit price, as well as when market gaps beyond the limit price. Never worse, never better. An exception to the rule is in case of a large price gap during a closed market. Thus, during the period of the market opening Monday, 5: Stop Orders Stop Orders are typically used to limit losses at a certain price level.

What happens to earnest money before closing Orders are typically filled at the stop level selected by the client, except for 'Buy Stop if Bid' and 'Sell Stop if Offered' where the fill is done on the opposite side of the spread from the stop level.

These Orders are typically filled at the stop level adjusted for the spread at the time. Trailing Stop A Trailing Stop Order is a stop order where the stop price trails the spot price. As the market rises for long positions the stop price rises according to the proportion you set, but if the market price falls, the stop price remains unchanged. This type of stop order helps you to set a limit on the maximum possible loss without limiting the possible gain on a position.

It also reduces the need to constantly monitor the market prices of open positions. Let's say that you expect the price of an instrument to rise and reach at least 1.

You open a long position at 1. To limit any potential loss, you place a trailing stop order at 1. During the day the market rises as predicted and the trailing stop follows. When the price suddenly drops to 1. You have thereby not only protected our money maker hay baler investment, but you have also managed to keep a good proportion of the profits.

On the other hand you should carefully consider how much you can afford to lose, if your prediction does not hold. Stop if Offered Orders are typically used to limit losses on long positions. This is to prevent Orders from being triggered just because of a temporary large spread maybe for a split of a second. Standard Standard bank forex contact number therefore encourages you to only use Stop if Bid for Buy Orders and Stop if Offered for Sell Orders.

To help you select the right Stop order type, the 'FX Order' Ticket on the platforms automatically defaults to Stop if Bid for Buy and Stop if Offered for Sell Orders unless you actively change it before placing the order.

Stop if Bid Mac os x vmware amd fx to buy are when triggered most often filled at the order level plus the client spread, which means no slippage.

Stop if Offered Orders to sell are when triggered most often filled at the stop order level minus the client spread, which means no slippage. During volatile markets with price gaps, orders may be slipped to the current market bid price.

Stop if Bid Orders to sell are when triggered filled at the client Bid price at the time. Stop if Offered Orders to buy are when triggered filled at the client Offer price at the time.

Our order management system has certain client protection mechanisms in place that ensures that the vast majority of Orders are filled without any slippage.

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Free 'No-slip' Stop Orders 'No Slip' Stop Orders in Webtrader this order type is just called Stop are offered for FREE on major currency pairs listed below in amounts of up to 3 million of notional base currency. This type of order has to be placed a 'Minimum Distance' away from the current market price. Unless there is a very large price gap in the market more than the defined 'Maximum Gap' shown below the order will be filled at the specified order level - ZERO SLIPPAGE, stock market worksheets high school no cost.

Automatic Order fill The vast majority of FX Orders placed on Webtrader are filled automatically without any manual intervention from our third party broker. For very large orders, during very volatile market conditions for example during release of key economic figures and in certain non-streaming currency pairs, manual review from the relevent third party is performed.

Manual Order fill Typically, only a very small proportion of orders placed with Standard Bank require manual intervention. During illiquid market conditions there are fewer market participants and thus dealers will need to check the price and also that the desired trade amount is actually available in the market. For some currency pairs, such as USDRUB and USDCZK, all orders are filled manually, regardless of size. Partial Order fill Partial fills of orders are not supported in FX Spot.

For very large orders, the relevant third party broker may manually fill orders partially, and insert a new order for the remaining amount.

This is a result of aggressive pricing, superior liquidity, outstanding reliability, and last, but not least, a range of more than different Forex crosses. More than just an online FX trading platform Standard Bank's trading platforms enable trading of Forex together with other asset classes from a single integrated platform.

Standard Bank offers a wealth of market information and all the tools needed to successfully trade.

A dedicated Strategy Team analyses the markets and provides regular insights to help clients understand and profit from current trends and upcoming news.

This strategy and analysis is backed up by reliable and timely news feeds from Dow Jones Newswire, Market News International and more. About the forex market The currency market is huge with an estimated USD 3.

This is far larger than both the Stock and Futures markets combined. With this level of turnover, there is always movement in the Forex markets and the chance to make profits, even when other markets are stagnant.

What to know when trading FOREX online Trade Currency and Price Currency When an investor trades in the Forex market, they always trade a combination of two currencies a cross or currency pair in which one currency is bought long and the other is sold short.

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This means the investor is speculating on the prospect of one of the currencies appreciating in value in relation to the other. Forex margin trading Margin trading allows investors to buy and sell assets that have a greater value than the capital in their account. Forex trading is typically execut-ed on margin accounts, and the industry practice is to trade on relatively small margin amounts since currency exchange rate fluctuations tend to be less than one or two percent on any given day.

Margin trading does involve a certain amount of risk. If margin utilisation exceeds collateral available for margin trading, positions must be closed, reduced, or additional funds must be posted to cover the position. If you've ever thought of trading Stocks online, getting started is easier than ever before with Standard Bank. With Standard Bank's award-winning trading platforms, you can access more than 29 of the world's major stock exchanges directly, putting over global Stocks at your fingertips.

Whether you want to trade Stocks from the US, Europe or Asia, Standard Bank makes it simple and affordable to create the Stock portfolio you've always wanted, with a single versatile account. Serious investors need serious trading tools, and with Standard Bank you'll have access to some of the industry's best active trader tools, including in-depth Equity Research, risk management tools and world-class technical and fundamental analytics — all designed to help you unlock your online Stock trading potential.

Standard Bank offers a range of Exchange Traded Funds ETFs and Exchange Traded Commodities ETCs that are tradable on live prices through its online trading platforms. Trading ETFs and ETCs online gives investors a straightforward, low cost and flexible way to access stock and commodities markets. Standard Bank also offers other online tradable funds.

Exchange traded funds ETFs are passively managed investment funds traded publicly on stock exchanges in the same manner as traditional Stocks. An increasingly popular product, ETFs combine the benefits and ease of investing in stocks with the advantages of mutual fund investing and ready-made diversification of index tracking.

Each ETF tracks an index or benchmark, meaning the objective for an ETF is to replicate the performance of the index or benchmark that it is tracking. ETFs track specific Stock, Bond, commodity or currency indices, some of which have a regional focus, while others have a sector focus, thus making them ideal for diversifying portfolios.

Standard Bank offers a wide range of Exchange Traded Funds from providers such as iShares, Powerstocks, Rydex, StreetTRACKS, SGAM ETFs, Lyxor ETFs and many more. Exchange traded commodities Exchange Traded Commodities ETCs are similar to ETFs, except they track the performance of an underlying commodity index rather than stock market index. ETCs are also traded in the same manner as Stocks but provide exposure to a range of commodities and commodity indices, which include energy, agriculturals, metals and softs.

ETCs are open-ended securities, like ETFs, and are also asset backed by physical bullion or commodity Futures contracts. FX Spot Standard Bank is a leading provider of online Forex trading for investors worldwide. Why trade Forex Foreign exchange is the most actively traded and liquid financial market in the world. What to know when trading FOREX online Trade Currency and Price Currency Simply put, a forex trade entails the buying of one currency against the selling of another, and vice versa.

Forex Margin Trading Margin trading allows investors to buy and sell assets that have a greater value than the capital in their account. Please refer to our full list of FX spreads for further details Trade Ticket Colours The Trade Tickets in Webtrader's Trading Platforms are colour-coded to indicate the availability of the price quoted to you: Green - live streaming prices are available for auto execution Yellow - prices are available on an RFQ request for quote basis.

A dealer will manually quote the client, which makes the prices green and therefore tradable. Purple - the market is closed trading and RFQ not available. Currency Cross Trading Hours USDRUB, EURRUB Forex Standard Bank is a leading provider of online Forex trading for investors worldwide. Send a general query. Call centre hours SA Monday to Friday 8: