New FX Trading Platform Launched in South Africa

Investec Treasury has launched a new forex trading platform – FXIdeal. The Internet-based trading platform, which allows individual traders to trade on foreign exchange markets from their own PC, is the only FX platform approved by the South African Reserve Bank. In a statement, Gary Gorman of Investec Treasury emphasised FXIdeal’s real-time speed and competitive pricing: ‘By giving traders access to the latest dealing prices, FXIdeal ensures that there is no delay in the execution of trades or missed opportunities resulting from the rapid movement in the foreign exchange markets.’ Features of FXIdeal include: price alerts; real-time account management and profit and loss analysis; leveraged trading up to 20:1; real-time charting and technical analysis tools; access to a traders; secure FXIdeal dealing software which encrypts and authenticates all messages being sent and received; daily market commentaries; and the ability to leave limit and ‘stop loss’ orders.

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