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Find a Forex Broker that trades USD/ZAR

Most of the Forex Brokers only trade the most popular currency pairs on their platform. If you want to trade a currency pair that is not regularly traded you will pay a very high spread when trading.

This spread will also vary according to the time of day. I have seen on some trading platforms that the spread will be as high as 100 pips during off-peak time and 40 pips during peak time.

If you are looking for a forex broker where you can open a free forex trading account and trade the USD/ZAR currency pair you should use OANDA. They support most of the currency pairs. OANDA is one of the oldest online forex trading web sites. They also offer a very low 1.5 pip spread on the EUR/USD currency pair.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts