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The Qualification

Published on 25 May 2017 by the Bank for International Settlements Foreign Exchange Working Group, the FX Global Code (FXGC) provides a common set of principles and guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market.

The ACI FX Global Code Certificate offers formal testing and qualification of an individual’s comprehensive understanding of the 6 themes and 55 principles set out in the Code, testing practical application of aligned best market practices with real ‘use case’ scenarios.

The Certificate is an excellent first step to demonstrating adherence to the new Global Code to relevant competent authorities and a potential differentiator in respect of ‘Code compliance’ and career development.

This programme is designed for all Market Participants defined by the Global Code, including:

  • Financial market participants across buy side, sell side and intermediary institutions
  • Regulators and central banks
  • Middle office and operations personnel
  • Compliance and risk officers

Free Demo Request

Exam Syllabus

The exam comprises 40 multiple-choice questions with a 75% pass mark and lasts one hour. It is taken on a computer at a testing centre in most major cities.

The break-down of the exam questions per topic is as follows:

No. Topic Number of questions
1 Introduction 2
2 Ethics 2
3 Governance 6
4 Execution 8
5 Information Sharing 6
6 Risk Management & Compliance 8
7 Confirmation & Settlement 8
  Total 40

Our Programme

Online Self-Test Question Database

The candidates are provided with access to a database of 140 self-test questions, covering all of the themes and principles of the Code. These questions may be answered as a test of a specific theme, or as a complete mock exam of 40 questions at a time.

The questions have been designed by our expert faculty to closely reflect the nature and level of complexity of the questions in the real exam. Access is available 24/7 and a candidate’s score, as well as references to the relevant Principles of the Code, are immediately available upon completion.

E-mail Help Facility

Candidates are encouraged to contact our team of expert facilitators via e-mail concerning any queries they may have with the syllabus. Answers are guaranteed to such queries within 24 hours from Monday to Friday and are usually communicated a lot sooner.


The fee for the programme is USD 150 (ZAR 2,100) per candidate.

Discounts are available for the simultaneous registration of 10 or more candidates as follows:

Number of candidates Fee per candidate (excl. VAT)
10-19 USD 135 / ZAR 1,900
20-29 USD 125 / ZAR 1,800
30+ USD 120 / ZAR 1,700

The fee includes the following:

  • Access to our online test question database
  • E-mail help facility
  • Assistance with exam booking and registration

The fee does not include the following:

  • VAT at 15% for South African candidates
  • The ACI exam fee (currently EUR 150 per candidate)


Registration is confirmed following signature of a registration form. The aforementioned form can be located by clicking here

Click here for downloadable brochures: USD-based pricing/ZAR-based pricing