Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

GBP/ZAR

(ZAR/)

GBP/ZAR chart This market's chart. This is a visual representation of the price action in the market, over a certain period of time. You can use this to help gauge a market’s performance.

0.0pts (0%)

High: 22.74257

Low: 22.68597

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Why trade forex with IG?

Trade forex on weekends

Speculate with the only UK provider to offer weekend trading¹on GBP/USD. We also offer EUR/USD and USD/JPY

Get tax-free profits

Spread betting on FX is completely tax free²

Trade over 80 currency pairs

Take a position whenever suits you - 24 hours a day, five days a week

Costs and details
Related markets

CFD
Spreadbetting

Minimum size 1

Contract size GBP 100,000

One Pip means 0.0001 ZAR/GBP

Value of one Pip ZAR 10 (GBP 0.44)

Margin 5%

Minimum stop distance 800

Minimum guaranteed stop distance 10.0%

Your aggregate position in this market will be margined in the following tiers:

Tier	Position size	Margin
1	0 - 5.1 Contracts - ZAR	5%
2	5.1 - 20.4 Contracts - ZAR	5%
3	20.4 - 51 Contracts - ZAR	10%
4	51 + Contracts - ZAR	25%

If your aggregate position is larger than Tier 1, your margin requirement will not be reduced by non-guaranteed stops.

Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.

* While leverage can amplify profits it also magnifies losses, as both are calculated on the full size of the position, not your initial margin. Always remember to use an effective risk management strategy.

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<h3>Trading forex with IG</h3>

<h3>Find out about us</h3>

<h3>Become a better FX trader</h3>

Find out more about why you should trade forex with IG, the UK’s No.1 retail provider.³

Discover why so many clients choose us, and what makes us the world's No.1 provider of spread betting and CFDs.⁴

Improve your trading skills by working through interactive courses on the IG Academy app.

¹Trading is available around the clock, apart from 10pm Friday to 8am Saturday and 20 mins just before the weekday market opens on Sunday night.
²Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
³By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
⁴Based on revenue (published financial statements, 2023)

Help and support

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

Professional clients trading spread bets and CFDs can lose more than they deposit.

Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.

Trading stocks and shares ‘on margin’ within a US options and futures account – meaning that you only finance part of the cost of acquiring a position in a security – carries additional risks over buying securities on a fully funded basis and may result in losses exceeding your original investment. Trading on margin will also result in additional costs to you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarise yourself with these risks before trading on margin.

The value of shares, ETFs and other ETPs bought through a share dealing account, a US options and futures account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing.

Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd.   

IG is a trading name of IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764), IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Trading and Investments Ltd (Register Number 944492) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.   

The information on this site isn’t directed at residents of the United States, Belgium or any particular country outside the UK and isn’t intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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GBP/ZAR

GBP/ZAR chart This market's chart. This is a visual representation of the price action in the market, over a certain period of time. You can use this to help gauge a market’s performance.

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