Have a Question?

The main difference is that there is no capital at risk when trading in a demo account. Egoli Forex provides you with a demo account which has real-time quotes and charts, along with all the trading tools and much of the functionality as on a Live account, including order types, and more.

No. The demo account is only good for practicing trading using virtual currency. Therefore, no profits or losses are awarded.

Opening a Live account is simple. Just follow the steps outlined below:

Complete Account Application form

You can apply online from our website.

Verify Personal Information

Please submit two (2) forms of identification, including one (1) photo ID (i.e. passport or any other government-issued identification document bearing a photograph), one (1) proof of address (i.e. utility bill, driver's license, bank statement, etc.), AND one proof of banking or proof of SARS registration.

Fund Your Account

Once you have received a username and password for a Live trading account, fund your account and start trading.

You may choose to open a live account and deposit in USD or ZAR.

Egoli Forex offers commodities, energies, stocks, indices, and all major currency pairs for trading, including exotic currencies.

With Egoli Forex, minimum deposits begin at USD 1000 (ZAR 15,000) for standard accounts.

A micro lot (0.01 lots) is the smallest position size that you can trade with at Egoli Forex. Trading micro lots is a good way to contain the overall exposure of their trading account.

With a Live trading account at Egoli Forex, you can enjoy a maximum leverage of 100:1.

Egoli Forex charges a fixed trading fee of USD 15 per lot.

All client funds are held in accordance to the Financial Advisory And Intermediary Services Act, 2002 (Act No 37 of 2002) and is always kept in segregated trust accounts in a recognized bank in South Africa.

Unfortunately at this time, Egoli Forex does not accept clients from the US.

Complete a withdrawal request using a Withdrawal Request Form and email it to info@egolifx.com

Egoli Forex will not accept or consider any third party deposits or withdrawal requests.

To close your account, please email your request to info@egolifx.com