USDZAR Forex Trading

Try Free Demo Trade For Real Money USDZAR Page

 

Introduction

USDZAR

 

The USD/ZAR is the current exchange rate of the US Dollar to the South African Rand.

It is an exotic currency pair in which the relationship between the two currencies is mainly influenced by the economy of the United States and South Africa and monetary policy changes from the Federal Reserve and the South African Reserve Bank.

And did you know?

Being a naturally volatile pair, it offers the opportunity to make substantial profits and if you want to take advantage of such opportunity then trading via contracts for difference or CFDs is a good option.

 

Trusted and Regulated Forex Brokers Where You Can Trade USDZAR

BrokerFeaturesRatingOfficial Site
etoro logo

Read Review

  • Copy investment portfolios of top USDZAR traders
  • Practice with a free demo account
  • No overnight fees
  • Risk management tools

Min Deposit: $200

Regulation: CYSEC, FCA

 

96

USDZAR Page

Open Account

62% of retail CFD accounts lose money

plus500 logo

Read Review

  • Competitive spreads for USDZAR
  • Trading with as little as $100
  • Negative balance protection
  • Risk management tools
  • Fully regulated by the FCA, CySEC and ASIC

Min Deposit: $100

Regulation: FCA, ASIC, CySEC

 

95

USDZAR Page

Open Account

76.4% of retail CFD accounts lose money

xm.com logo

Read Review

  • Intuitive platform for trading USDZAR
  • Competitive spreads
  • Comprehensive education centre
  • User-friendly functions
  • Fully regulated by the CySEC and IFSC

Min Deposit: $200

Regulation: CySEC, IFSC

 

92

USDZAR Page

Open Account

xm.com logo

Read Review

  • USDZAR spreads for as low as 0.0112
  • $5 minimum deposit
  • Comprehensive trading education
  • 24/5 live help
  • Unlimited demo account

Min Deposit: $5

Regulation: FCA, ASIC, CySEC

 

90

USDZAR Page

Open Account

avatrade logo

Read Review

  • Up to 1:400 leverage on USDZAR
  • Safe and secure trading environment
  • Trade for as little as $100
  • Live multilingual customer support during market hours
  • Regulated

Min Deposit: $100

Regulation: CBI, ASIC, FSC, FSA, FSB

 

90

USDZAR Page

Open Account

Trading Forex and CFDs involves significant risk of capital loss. You should consider whether you can afford to take the high risk of losing your money.

 

Trading USD/ZAR and Other Currency Pairs

Among the benefits of trading on CFDs is that there is no need for you to physically own any of the currencies profits can be generated regardless if the value of the pair is rising or falling. However, CFDs are complex instruments and come with high risk. Let’s say you decided to purchase 2,000 with the rate of 13.4625 because you believe that the value of the USD/ZAR will rise. If your prediction was correct and the value rises to 13.9025/13.9145 and you decided to close your trade by selling at the current sell price of 13.9025, this means that the price has moved by 44 points in your favor. This gives you a profit of (2,000 x 13.9025) – (2,000 x 13.4625)) or $880!

Entrust Your Capital with a Licensed CFD Service Provider

Trading CFDs offers a unique way to participate in the global financial markets but it is important for you to entrust your capital only with a fully regulated brokerage that provided the exceptional execution and the best benefits. If you’re not sure on which company to trust then we have prepared for you this list of the most reputable brands in the South African market. These brokerages have passed the stringent tests that were done by our experts to ensure that you will experience the best service.

Will the USD/ZAR rise or fall? Start trading this exotic pair with one of these recommended brokerages.

 

Trusted and Regulated Forex Brokers Where You Can Trade USDZAR

BrokerFeaturesRatingOfficial Site
etoro logo

Read Review

  • Copy investment portfolios of top USDZAR traders
  • Practice with a free demo account
  • No overnight fees
  • Risk management tools

Min Deposit: $200

Regulation: CYSEC, FCA

 

96

USDZAR Page

Open Account

62% of retail CFD accounts lose money

plus500 logo

Read Review

  • Competitive spreads for USDZAR
  • Trading with as little as $100
  • Negative balance protection
  • Risk management tools
  • Fully regulated by the FCA, CySEC and ASIC

Min Deposit: $100

Regulation: FCA, ASIC, CySEC

 

95

USDZAR Page

Open Account

76.4% of retail CFD accounts lose money

xm.com logo

Read Review

  • Intuitive platform for trading USDZAR
  • Competitive spreads
  • Comprehensive education centre
  • User-friendly functions
  • Fully regulated by the CySEC and IFSC

Min Deposit: $200

Regulation: CySEC, IFSC

 

92

USDZAR Page

Open Account

xm.com logo

Read Review

  • USDZAR spreads for as low as 0.0112
  • $5 minimum deposit
  • Comprehensive trading education
  • 24/5 live help
  • Unlimited demo account

Min Deposit: $5

Regulation: FCA, ASIC, CySEC

 

90

USDZAR Page

Open Account

avatrade logo

Read Review

  • Up to 1:400 leverage on USDZAR
  • Safe and secure trading environment
  • Trade for as little as $100
  • Live multilingual customer support during market hours
  • Regulated

Min Deposit: $100

Regulation: CBI, ASIC, FSC, FSA, FSB

 

90

USDZAR Page

Open Account

Trading Forex and CFDs involves significant risk of capital loss. You should consider whether you can afford to take the high risk of losing your money.