IG South Africa Cuts Commission Rates

JOHANESSBURG, July 4, 2011 /PRNewswire/ --

Dropping Rates, Maximises the Trading Potential of CFDs

IG Markets South Africa is dropping its headline commission rate on South African Share CFDs by 15 basis points, to just 0.2%. Share CFDs can be traded on over 130 South African shares using the award-winning trading platform offered by IG Markets.

Robert Bowen, Head of IG Markets South Africa, commented:

"The level of commission paid by traders inevitably has a substantial impact on their portfolio.  IG Markets South Africa recognises this fact reducing rates accordingly to allow our clients to maximise their trading potential."

CFD trading enables investors to take a position on both positive and negative market movement.  A Contract for Difference or CFD essentially mirrors an individual share by following the ups and downs of the corresponding physical share and are rapidly gaining in popularity across South Africa. Share CFDs also have no fixed contract period, allowing the trader to leave or begin CFD trades at any point during trading hours.

IG Markets trading platform, PureDeal enables fast, efficient and highly intuitive trading across a range of devices from your computer to your mobile phone.

The concept of maximising your trading portfolio requires a level of understanding and IG Markets is geared towards client education. Providing a wide range of online seminars, to equip and mobilise traders interested in CFDs.

IG Markets has over 35 years of industry experience and offers the technological structure of a global company while retaining an intimate tailored approach towards the South African trading space. A concept compounded by our weekly technical analysis, daily South African market updates and highly competitive Share CFD rates.

*Please note: Due to strict exchange controls, clients wishing to trade offshore instruments can only do so by opening an offshore account.

CFDs are high risk and can result in losses that exceed your initial deposit. Please ensure you fully understand the risks and costs involved. IG Markets South Africa Limited is an authorized financial services provider and is regulated by the Financial Services Board, FSP number 41393.

About IG Markets South Africa

IG Markets South Africa is part of IG Group (IGG.L), a FTSE 250 company which employs in excess of 800 people with offices in 14 countries worldwide. For further information on IG South Africa and the South Africa 40 index visit http://www.igmarkets.co.za.

Media Contact

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SOURCE IG Markets South Africa