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Section E 

Updated: Jul 5, 2021

How to get started:

What is a broker:

Brokers in Forex are firms eg XM, Veracity, IFX brokers etc that provide us traders with access to a platform that allows us all to buy and sell foreign currencies. Transactions in this market are always between a pair of two different currencies, so Forex traders either buy or sell the particular pair they want to trade. So with that being said, the broker is basically the middle man

How to register on XM:

Sign Up here

The first step is to download XM from PlayStore/AppStore. Wait for  XM to download. 

Open XM click on register an account.

  1. For new traders click on "Open a demo account". (If you live in South Africa, choose SA as country of residence, if you live in another country, choose your country.)

  2. Click next

  3. Click on XM global, then a new page will appear. 

  4. Account Type Standard. (If you live in SA you can choose ZAR if you are an international student you can choose dollar or currency of your choice.)

  5. Leverage 1:188

  6. Then just scroll down to investment amount. Choose the investment amount of your liking

  7. Fill in your details

To open a real account, click on "open an account"



  2. Chosen account currency

  3. Fill in personal details 

  4. Leverage 1:888 click next

  5. Fill in investment amount remember its USD

  6. Intended purpose and nature of transactions

  7. Choose investment 

  8. Fill in employment status and nature of business

Click next

  1. Fill in all necessary information

  2. Choose a password

  3. Read terms and conditions and click SUBMIT


Metatrader4 platform video tutorial:

Trading View platform video tutorial:

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