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Forex
Great Britan vs South Africa Rand
Great Britan vs South Africa Rand
Contract specification
These are the terms the engine actually applies. Trading groups may widen the spread or reduce the leverage ceiling for a given account, never the reverse.
| Contract sizeUnits of the base asset per 1.00 lot | 100,000 GBP |
|---|---|
| Minimum / maximum lotStep 0.01 | 0.01 – 100,000 |
| Pip sizeQuoted to 5 decimal places | 0.00010 |
| Value of one pipPer 1.00 lot, in the quote currency | 10.00 ZAR |
| Typical spreadStandard account, before group markup | 75.0 pips |
| CommissionRaw, ECN and Professional accounts | None — spread only |
| Maximum leverageInitial margin 0.20% of notional | 1:500 |
| Margin on one lotNotional R2.18M at the current price | R4,363.95 |
| Swap longPer lot per night, in the quote currency. Wednesday rolls carry triple swap. | -449.930 ZAR |
| Swap shortPer lot per night, in the quote currency. Wednesday rolls carry triple swap. | +246.710 ZAR |
Sun 22:00 – Fri 21:00 UTC
Open now · session active
Where a figure is a band, the cost depends on the leverage you open at. The spread is at its widest at that account type’s maximum leverage; the desk commission is at its tightest there, because the keener books that charge one are only open below it.
Compare all account types →GBPZAR is modelled at 10.0% annualised. Position sizing should account for the fact that one standard lot moves 10.00 ZAR per pip.