PLANTATION, Fla., May 22, 2013 (GLOBE NEWSWIRE) -- IBFX Australia Pty Ltd (IBFX) today announced the launch of South African Rand (ZAR) currency pair trading. The currency pair USD/ZAR is currently trading at levels not seen since 2009. It has a pip value of about $1.08 per pip, which is lower than most currency pairs but has attracted interest because of its high volatility.
The South African Rand is one of 42 currency pairs that IBFX offers for trading. In addition to currency pairs trading, IBFX also offers clients trading in gold and silver, along with CFDs in oil and related products.
"There is a growing interest in forex trading in South Africa, and global interest from forex traders in the volatility of the rand" said Gary Weiss, President and COO of IBFX. "Offering the rand is one way in which we are working to meet the demands of our growing customer base."
For more information about IBFX Australia Pty Ltd or to open an account, call 1-800-839-404 or visit our website at http://www.ibfx.com.au.
About IBFX Australia Pty Ltd
IBFX Australia Pty Ltd is registered with ASIC and provides forex brokerage services outside of the United States. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc., IBFX, Inc. and IBFX Australia Pty Ltd.
About TradeStation
TradeStation is an award-winning online brokerage firm and trading platform. In the March 2013 Barron's magazine review of 24 online brokers, TradeStation was ranked Best for Frequent Traders and Best Trading Experience and Technology, and received the highest star rating for International Traders. In the February 2013 Technical Analysis of Stocks & Commodities magazine annual Readers' Choice Awards, TradeStation was voted Best Trading System – Stocks, Best Trading System – Futures, Best Institutional Platform, Best Professional Platform, Best Online Analytical Platform and Best Real-Time Data. In the January 2013 Investor's Business Daily Best Online Brokers Report, a major new annual survey of active investors conducted by Investor's Business Daily, TradeStation was ranked among the top five online brokers for Overall Customer Experience, as well as best for Equity Trading Tools and among the top five in three other key categories. For more details, visit our Awards page.
TradeStation Group, Inc., through its principal operating subsidiaries, TradeStation Securities, Inc. and IBFX, Inc., offers analytical and trading platforms to the active trader and certain institutional trader markets. The TradeStation platform offers electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom equities, options, futures and forex trading strategies. TradeStation Group is a wholly owned subsidiary of Monex Group, one of the largest online financial services providers in Japan.
TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. Its TradeStation Prime Services division, based in New York, seeks to provide prime brokerage services, including securities lending, to small and mid-sized hedge funds and other firms. IBFX, Inc. (Member NFA) is a Retail Foreign Exchange Dealer (RFED) that provides forex brokerage services directly and through its TradeStation Forex division. IBFX Australia Pty Ltd is registered with ASIC and provides forex brokerage services outside of the United States. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc., IBFX, Inc. and IBFX Australia Pty Ltd.
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Read the full risk disclaimer and privacy policy on trading at www.ibfx.com.