MetaTrader 5 FXPro South Africa

Getting Started with MetaTrader 5 on FXPro

Our company offers MetaTrader 5 as a robust trading platform tailored for South African clients. This platform supports multiple asset classes, including forex and CFDs, enabling a diverse trading experience. We provide leverage up to 1:30, aligned with the FSCA regulations in South Africa. The platform operates on South African Standard Time (GMT+2), ensuring synchronization with local market hours. Execution speeds average under 13 milliseconds for South African connections, ensuring prompt order processing.

To begin, clients must complete a straightforward registration with FXPro, providing South African identification and proof of residence. MetaTrader 5 supports Windows, macOS, Android, and iOS devices, broadening access for traders on various systems. Installation files are available through the FXPro client portal, and setup is completed in minutes. Our servers prioritize secure and efficient connectivity to maintain optimal trading conditions.

Account Registration Process

Visit the FXPro website and select “Open Account.” Choose South Africa as your country and complete the form with your personal details, including your South African ID and contact number with country code +27. Upload a valid ID document along with proof of residence like a recent utility bill or bank statement. Submit the documentation for KYC verification through our secure portal. Once approved, you gain access to the client dashboard to create your MetaTrader 5 account.

Platform Download and Installation

Log in to your client portal and navigate to “Add Trading Account.” Select MetaTrader 5, set your base currency (USD recommended), and choose leverage. Download the installer compatible with your device. Follow installation prompts, then enter your login credentials provided in the portal. Connect to the dedicated South African server to begin trading.

Advanced Trading Features

MetaTrader 5 includes a wide array of order types, such as market, pending, stop, and trailing stop orders. Our platform processes trades directly through liquidity providers with no dealing desk intervention. This ensures transparency and swift execution. We integrate a real-time economic calendar highlighting key South African financial events, aiding traders in making informed decisions. Depth of Market displays order book levels, allowing insight into liquidity for active instruments.

• Multiple order types with instant execution
• Real-time economic calendar focused on South African data
• Depth of Market for liquidity transparency
• Support for both forex and CFD instruments
• Execution speeds below 13 milliseconds

Order Management System

Use the “New Order” button or double-click an instrument in Market Watch to open the order window. Select volume in standard lots or custom sizes up to platform limits. Set stop loss and take profit levels with automatic margin and risk calculations displayed. For USD/ZAR trades, profit and loss appear in both USD and ZAR for clarity. Monitor active positions in the Terminal’s Trade tab, modify orders, or close positions partially or fully.

Risk Management Tools

Activate trailing stops by specifying the trailing distance in points, enabling dynamic adjustment of stop losses as markets move favorably. Utilize the position sizing calculator to align trade volume with your risk profile, considering leverage and stop loss distances. Our system alerts you with margin call notifications at 50% equity levels and initiates stop-out at 20% margin level to protect your account from excessive losses.

Technical Analysis Capabilities

MetaTrader 5 features over 80 technical indicators spanning trend, momentum, volume, and volatility categories. South African traders frequently employ indicators like RSI, MACD, and Bollinger Bands for market analysis. The platform offers 21 timeframes from 1-minute to monthly charts, allowing precise data examination. Historical price data extends multiple years, enabling robust backtesting and strategy development. Multiple chart types and drawing tools help visualize market trends effectively.

Custom Indicators and Scripts

Add custom indicators by placing files in the MQL5/Indicators directory within your MetaTrader 5 data folder. Restart the platform to load them. Use the MQL5 programming language to create automated trading scripts and Expert Advisors (EAs). We provide a free VPS service to run these algorithms continuously, even when your device is offline. Strategy Tester supports multi-threaded backtesting with advanced optimization techniques.

Charting Tools

Choose between candlestick, bar, and line charts. Apply multiple indicators simultaneously and save chart templates for repeated use. Support for multi-monitor setups allows up to 100 charts open concurrently, enhancing analytic capacity. Pinch-to-zoom and swipe gestures are supported on mobile devices for seamless navigation.

Multi-Asset Trading Environment

FXPro offers trading in both forex and CFDs, giving South African traders access to 50+ currency pairs and a variety of CFDs including indices, commodities, and shares. Major forex pairs like EUR/USD and GBP/USD feature spreads as low as 0.8 pips during peak hours. USD/ZAR and other ZAR-based pairs experience wider spreads due to liquidity conditions. CFD products include JSE Top 40 index, gold, crude oil, and fractional share trading on South African stocks.

• Over 50 forex pairs including ZAR crosses
• CFDs on global stock indices and commodities
• Fractional share trading on South African companies
• Competitive spreads and swap rates updated daily
• Leverage up to 1:30 for retail clients

Currency Pair Specifications

Spreads for major pairs start at 0.8 pips, with USD/ZAR ranging between 15-25 pips depending on volatility. Swap rates adjust daily based on interest differentials. Our platform displays swap values and margin requirements in local currency for South African traders. Execution is optimized for low latency, ensuring timely order fills.

CFD Trading Specifications

Trade CFDs on stock indices such as the JSE Top 40 and international indices like S&P 500. Commodity CFDs include gold, silver, and energy products. Fractional share trading starts at 0.01 lots, making high-value stocks accessible. Dividends for stock CFDs are adjusted automatically, and index CFDs reflect real-time market movements with extended session availability.

Automated Trading Solutions

MetaTrader 5 supports Expert Advisors (EAs) for automated strategy execution. Our platform processes EA orders with equal priority to manual trades. Access the MQL5 Market to acquire a variety of robots for different trading approaches. We offer free VPS hosting to selected clients, minimizing latency and ensuring uninterrupted EA operation. Strategy testing and optimization tools assist in refining algorithm parameters.

EA Installation and Configuration

Download EAs via the MQL5 Market or upload custom files into the MQL5/Experts directory. Restart MetaTrader 5 to activate new EAs. Attach EAs to instrument charts and configure input parameters such as lot size, stop loss, and trading hours. Enable automated trading by activating the AutoTrading button. Monitor EA activities in the Expert tab for logs and error messages.

Strategy Development Environment

Use MetaEditor to write custom scripts and EAs with MQL5 language. The integrated debugger and compiler facilitate development. Test strategies with the Strategy Tester using extensive historical data. Optimization features include genetic algorithms and mathematical methods to find optimal parameter sets. Detailed reports provide metrics on performance, drawdown, and risk.

Mobile Trading Functionality

Our MetaTrader 5 mobile app provides full access to trading, account management, and analysis on Android and iOS devices. The interface is optimized for touch with intuitive navigation. Push notifications alert users to price movements, margin calls, and executed trades, even when the app is running in the background. Synchronization between desktop and mobile platforms preserves chart settings and indicators.

Mobile Interface Navigation

Open the main menu via the hamburger icon. Switch between Quotes, Charts, Trade, History, and Settings using the bottom tabs. In Quotes, monitor real-time prices with customizable watchlists. Place trades by tapping prices or using the “+” button on charts. The order ticket supports volume, order type, stop loss, and take profit settings. Confirm orders with biometric authentication where available.

Chart Analysis on Mobile

Access charts from Quotes or the Charts tab. The app supports multiple timeframes and technical indicators identical to desktop versions. Add and configure indicators with touch controls. Drawing tools allow trend line, Fibonacci, and support/resistance plotting. Save chart templates to maintain preferred analysis setups across sessions.

Account Management and Funding

Manage your FXPro account through a secure client portal available on desktop and mobile. The portal provides balance, transaction history, and document management. Deposit funds using South African bank EFTs, credit/debit cards, or e-wallets like Skrill and Neteller where supported. EFT deposits typically clear within 1-3 business days. Card deposits are instant, enabling immediate trading access.

• EFT transfers from Standard Bank, FNB, ABSA, Nedbank, Capitec
• Visa and Mastercard credit/debit cards with 3D Secure
• Skrill and Neteller e-wallets (availability dependent)
• Bank wire transfers for high-value funding
• Minimum deposit equivalent to R1,800 (100 USD)

Deposit and Withdrawal Procedures

Initiate deposits via the client portal selecting your preferred payment method. Withdrawals process back to the original funding source to comply with regulations. Withdrawal times vary: cards (1-3 business days), bank transfers (3-5 business days), e-wallets (24 hours). Identity verification is required for withdrawals including South African ID and proof of bank account ownership. Our compliance reviews requests promptly during business hours.

Account Security Measures

Two-factor authentication (2FA) is available through authenticator apps or SMS. Enable 2FA in security settings for additional login protection. Monitor account activity via detailed logs showing logins, trades, and changes. Email notifications can be set for withdrawals, password changes, and suspicious activities. All data transmissions use 256-bit SSL encryption. Client funds are segregated in tier-1 South African banks.

Customer Support and Resources

Our support team is available in English during key trading hours for South African clients. Contact options include live chat, email, and dedicated phone lines. Response times average under two hours for email and instant for live chat. We provide educational content tailored to local market conditions including video tutorials, webinars, and written materials. Webinars focus on South African economic events and ZAR currency pairs.

Technical Support Services

Report technical issues via our support portal or direct contact methods. We resolve platform installation, connectivity, and EA problems typically within 24 hours. The knowledge base contains detailed guides on MetaTrader 5 functions, account setup, and troubleshooting. For complex issues, remote assistance is available through secure screen sharing scheduled per South African time zones.