Euro vs South African Rand (EURZAR)
Past performance is not a reliable indicator of future results.
Start trading EURZAR
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                        Contracts specifications
                Parameters
            
            
                Data
            
        
                    
                        
                                Leverage up to
                                                
                    
                        1:25 (Retail - 1:20)                    
                
                
                    Leverage – the ratio of position's notional value to amount of margin required for opening a position (e.g. leverage 1:500 means that EUR 100,000 contract requires as low as 200 EUR margin).                
            
                    
                        
                                Commission, USD
                                                
                    
                        0                    
                
                
                    Commission – The standard service charge for executing a per-side transaction, i.e., opening or closing a position in an instrument. Depending on the instrument, the commission might be set in the per cent of trade value, or a flat rate per share.                
            
                    
                        
                                Symbol
                                                
                    
                        EURZAR                    
                
                
                    Symbol – the instrument ticker in the trading platform.                
            
                    
                        
                                Minimum Spread, ZAR
                                                
                    
                        0.01323                    
                
                
                    Minimum Spread – the lowest value of the floating spread, expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Typical Spread, ZAR
                                                
                    
                        0.0124                    
                
                
                    Typical Spread – the typical value of the floating spread in normal market conditions (for cash indices – the typical value of the spread during trading hours of underlying stock index), expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Trading status
                                                
                    
                        Full access                    
                
                
                    Trading status shows whether the instrument is generally available for trading and if any restrictions apply.                
            
                    
                        
                                3-day SWAPs
                                                
                    
                        Wednesday                    
                
                
                    3-day SWAPs – a day of the week when the SWAP is credited or debited in a triple amount.                
            
                    
                        
                                Trading Platform
                                                
                    
                        Metatrader 5                    
                
                
                    Trading Platform – a trading software required to start trading this instrument.                
            
                    
                        
                                Pip Value Per Minimum Contract, ZAR
                                                
                    
                        0.1                    
                
                
                    Pip Value Per Minimum Contract – a value of the minimum price increment for a position with the lowest available contract size. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Maximum Contract Size, Lots
                                                
                    
                        50                    
                
                
                    Maximum Contract Size The maximum contract size for opening a position Lot The standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).                
            
                    
                        
                                Contract Step, Lots
                                                
                    
                        0.01                    
                
                
                    Contract Step – the minimum increment of the contract above the minimum contract size level. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base)                
            
                    
                        
                                Minimum Contract Size, Lots
                                                
                    
                        0.01                    
                
                
                    Minimum Contract Size – the minimum contract size for opening a position. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).                
            
                    
                        
                                Trading Schedule, EET
                                                
                    
                        00:05 - 23:59 Mon - Fri                    
                
                
                    EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).                
            
                    
                        
                                Minimum Hedged Margin, EUR
                                                
                    
                        2000 (Retail - 2500)                    
                
                
                    The minimum hedged margin is the reduced margin requirement for offsetting long and short positions in the same instrument. In Forex trading, it is calculated in currency units using the highest leverage for a 1-lot position. For commodities, it is expressed as a percentage and applied to each side of the overlapping notional value.                
            
                    
                        
                                Minimum Margin, EUR
                                                
                    
                        4000 (Retail - 5000)                    
                
                
                    Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.                
            
                    
                        
                                Lot Size, EUR
                                                
                    
                        100 000                    
                
                
                    Lot Size – a quantity of the underlying asset units in a single standardized contract (1.0 Lots).                
            
                    
                        
                                Limit / Stop Levels, ZAR
                                                
                    
                        0.0189                    
                
                
                    Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.                
            
                    
                        
                                SWAP Value (Long), Pips
                                                
                    
                        -47.87                    
                
                
                    SWAP Value (Long) – an amount to be credited or debited for rolling a Buy position over one trading day to the next.                
            
                    
                        
                                SWAP Value (Short), Pips
                                                
                    
                        5.14                    
                
                
                    SWAP Value (short) – an amount to be credited or debited for rolling a Sell position over one trading day to the next.                
            
                    
                        
                                Tick Size
                                                
                    
                        0.0001                    
                
                
                    Tick Size – the minimum increment of the price.                
            
                Parameters
            
            
                Data
            
        
                    
                        
                                Leverage up to
                                                
                    
                        1:500                    
                
                
                    Leverage – the ratio of position's notional value to amount of margin required for opening a position (e.g. leverage 1:500 means that EUR 100,000 contract requires as low as 200 EUR margin).                
            
                    
                        
                                Commission
                                                
                    
                        0                    
                
                
                    Commission – The standard service charge for executing a per-side transaction, i.e., opening or closing a position in an instrument. Depending on the instrument, the commission might be set in the per cent of trade value, or a flat rate per share.                
            
                    
                        
                                Symbol
                                                
                    
                        EURZAR                    
                
                
                    Symbol – the instrument ticker in the trading platform.                
            
                    
                        
                                Minimum Spread
                                                
                    
                        33.6                    
                
                
                    Minimum Spread – the lowest value of the floating spread, expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Typical Spread
                                                
                    
                        0.0124                    
                
                
                    Typical Spread – the typical value of the floating spread in normal market conditions (for cash indices – the typical value of the spread during trading hours of underlying stock index), expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Trading status
                                                
                    
                        Full access                    
                
                
                    Trading status shows whether the instrument is generally available for trading and if any restrictions apply.                
            
                    
                        
                                3-day SWAPs
                                                
                    
                        Wednesday                    
                
                
                    3-day SWAPs – a day of the week when the SWAP is credited or debited in a triple amount.                
            
                    
                        
                                Trading Platform
                                                
                    
                        Metatrader 4                    
                
                
                    Trading Platform – a trading software required to start trading this instrument.                
            
                    
                        
                                Pip Value Per Minimum Contract
                                                
                    
                        0.1                    
                
                
                    Pip Value Per Minimum Contract – a value of the minimum price increment for a position with the lowest available contract size. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Maximum Contract Size, Lots
                                                
                    
                        100                    
                
                
                    Maximum Contract Size The maximum contract size for opening a position Lot The standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).                
            
                    
                        
                                Contract Step, Lots
                                                
                    
                        0.01                    
                
                
                    Contract Step – the minimum increment of the contract above the minimum contract size level. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base)                
            
                    
                        
                                Minimum Contract Size, Lots
                                                
                    
                        0.01                    
                
                
                    Minimum Contract Size – the minimum contract size for opening a position. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).                
            
                    
                        
                                Trading Schedule
                                                
                    
                        00:05 Mon - 23:59 Fri; recess 23:59 - 00:05 Mon - Fri; pre-close margining from 23:00 Fri                    
                
                
                    EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).                
            
                    
                        
                                Minimum Hedged Margin
                                                
                    
                        100                    
                
                
                    The minimum hedged margin is the reduced margin requirement for offsetting long and short positions in the same instrument. In Forex trading, it is calculated in currency units using the highest leverage for a 1-lot position. For commodities, it is expressed as a percentage and applied to each side of the overlapping notional value.                
            
                    
                        
                                Minimum Margin
                                                
                    
                        200                    
                
                
                    Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.                
            
                    
                        
                                Lot Size
                                                
                    
                        100,000                    
                
                
                    Lot Size – a quantity of the underlying asset units in a single standardized contract (1.0 Lots).                
            
                    
                        
                                Limit / Stop Levels
                                                
                    
                        100.0                    
                
                
                    Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.                
            
                    
                        
                                SWAP Value (Long)
                                                
                    
                        -47.87                    
                
                
                    SWAP Value (Long) – an amount to be credited or debited for rolling a Buy position over one trading day to the next.                
            
                    
                        
                                SWAP Value (Short)
                                                
                    
                        5.14                    
                
                
                    SWAP Value (short) – an amount to be credited or debited for rolling a Sell position over one trading day to the next.                
            
                    
                        
                                Tick Size
                                                
                    
                        0.00001                    
                
                
                    Tick Size – the minimum increment of the price.                
            
                Parameters
            
            
                Data
            
        
                    
                        
                                Leverage up to
                                                
                    
                        1:25 (Retail - 1:20)                    
                
                
                    Leverage – the ratio of position's notional value to amount of margin required for opening a position (e.g. leverage 1:500 means that EUR 100,000 contract requires as low as 200 EUR margin).                
            
                    
                        
                                Commission, USD per lot (single side)
                                                
                    
                        3                    
                
                
                    Commission – The standard service charge for executing a per-side transaction, i.e., opening or closing a position in an instrument. Depending on the instrument, the commission might be set in the per cent of trade value, or a flat rate per share.                
            
                    
                        
                                Symbol
                                                
                    
                        EURZAR-Z                    
                
                
                    Symbol – the instrument ticker in the trading platform.                
            
                    
                        
                                Minimum Spread, ZAR
                                                
                    
                        0.01246                    
                
                
                    Minimum Spread – the lowest value of the floating spread, expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Typical Spread, ZAR
                                                
                    
                        0.0116                    
                
                
                    Typical Spread – the typical value of the floating spread in normal market conditions (for cash indices – the typical value of the spread during trading hours of underlying stock index), expressed in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices and cryptocurrencies 1 pip is equal to a price increment of 1.0. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Trading status
                                                
                    
                        Full access                    
                
                
                    Trading status shows whether the instrument is generally available for trading and if any restrictions apply.                
            
                    
                        
                                3-day SWAPs
                                                
                    
                        Wednesday                    
                
                
                    3-day SWAPs – a day of the week when the SWAP is credited or debited in a triple amount.                
            
                    
                        
                                Trading Platform
                                                
                    
                        Metatrader 5                    
                
                
                    Trading Platform – a trading software required to start trading this instrument.                
            
                    
                        
                                Pip Value Per Minimum Contract, ZAR
                                                
                    
                        0.1                    
                
                
                    Pip Value Per Minimum Contract – a value of the minimum price increment for a position with the lowest available contract size. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For spot metals 1 pip is equal to a price increment of 0.01. For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point. For other instruments 1 pip is equal to Tick Size.                
            
                    
                        
                                Maximum Contract Size, Lots
                                                
                    
                        50                    
                
                
                    Maximum Contract Size The maximum contract size for opening a position Lot The standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).                
            
                    
                        
                                Contract Step, Lots
                                                
                    
                        0.01                    
                
                
                    Contract Step – the minimum increment of the contract above the minimum contract size level. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base)                
            
                    
                        
                                Minimum Contract Size, Lots
                                                
                    
                        0.01                    
                
                
                    Minimum Contract Size – the minimum contract size for opening a position. Lot – the standardized contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).                
            
                    
                        
                                Trading Schedule, EET
                                                
                    
                        00:05 - 23:59 Mon - Fri                    
                
                
                    EET – trading hours in Eastern European Time (GMT+2, summer - GMT+3).                
            
                    
                        
                                Minimum Hedged Margin, EUR
                                                
                    
                        2000 (Retail - 2500)                    
                
                
                    The minimum hedged margin is the reduced margin requirement for offsetting long and short positions in the same instrument. In Forex trading, it is calculated in currency units using the highest leverage for a 1-lot position. For commodities, it is expressed as a percentage and applied to each side of the overlapping notional value.                
            
                    
                        
                                Minimum Margin, EUR
                                                
                    
                        4000 (Retail - 5000)                    
                
                
                    Minimum Margin – the amount of funds required to open and maintain a 1-lot position with the lowest margin requirements.                
            
                    
                        
                                Lot Size, EUR
                                                
                    
                        100 000                    
                
                
                    Lot Size – a quantity of the underlying asset units in a single standardized contract (1.0 Lots).                
            
                    
                        
                                Limit / Stop Levels, ZAR
                                                
                    
                        0.0178                    
                
                
                    Limit / Stop Levels – minimum distance from the current price for placement of pending orders in normal market conditions.                
            
                    
                        
                                SWAP Value (Long), Pips
                                                
                    
                        -47.87                    
                
                
                    SWAP Value (Long) – an amount to be credited or debited for rolling a Buy position over one trading day to the next.                
            
                    
                        
                                SWAP Value (Short), Pips
                                                
                    
                        5.14                    
                
                
                    SWAP Value (short) – an amount to be credited or debited for rolling a Sell position over one trading day to the next.                
            
                    
                        
                                Tick Size
                                                
                    
                        0.0001                    
                
                
                    Tick Size – the minimum increment of the price.                
            