We are FX Varsity Pty (Ltd), a Forex Trading company with Trading Floors open to the Public daily, offering HIGHLY accredited Training Courses, Mentorship Programmes and a successful Lifestyle Club – featuring Forecasts and Live support.. Our headquarters are based in Cape Town, South Africa, with current operations across Johannesburg, Durban and Lagos, Nigeria Born and bred in London, Chris moved to Cape Town in With a main focus on Commodities and Currencies, he has over 10 years trading experience. His roles at Forex Varsity are to facilitate Professional Trading Courses as well as to mentor our students. In his personal capacity, Chris 17/08/ · 10 Best Forex Brokers in South Africa ranked based on our Research & User Reviews. Tickmill – Overall Best Forex Broker in South Africa. Hotforex – Best South African Forex broker regulated by FSCA. BDSwiss – Good Forex broker with 0 pip spread Raw account. FXTM – Good Regulated Forex Broker with Instant Order execution
11 Best Forex Brokers in South Africa | IFX Brokers
The forex market is the largest financial market in the world and there are millions of traders from around the world that participate in the exchange of currencies. South Africa has an active population of forex traders who are always looking for the most competitive trading conditions and best forex brokers in cape town solutions in the industry.
While the process involved with looking for the best forex broker can be tedious, we have narrowed down the options significantly for South African traders. Established in South Africa, IFX Brokers is a FSCA-regulated forex and CFD provider that has been in operation since IFX Brokers was built on the core values surrounding commitment, transparency, forex brokers in cape town, and trust.
When trading with IFX Brokers, South African traders can expect access to a wide range of markets spread across several asset classes including forex, commodities, cryptocurrencies, and indices. The trading conditions that traders can expect are competitive, transparent, and catered to the trading needs of both beginners and professional traders.
FXCM is reputable and one of the best forex brokers that accommodate South African traders, despite their trading experience or unique trading strategies.
FXCM is unique because it allows traders a choice between reliable trading platforms. The forex brokers in cape town that South African traders can expect when they trade with FXCM are competitive and there are no deposit fees or withdrawal fees. Plus is one of the most popular online forex brokers in South Africa that not only offers some of the lowest spreads in the industry, but also a wide range of currency pairs forex brokers in cape town can be traded through a powerful proprietary trading platform, available across several devices, forex brokers in cape town.
Plus is one of the most trusted international brokers with a strong presence in South Africa, offering cost-effective and competitive trading conditions. Plus also supports a wide range of trading strategies that can be applied in various market conditions and across several financial markets. com is a multi-faceted trading platform that offers its trading solutions to both beginner traders as well as professionals in South Africa.
com is well-known as one of the best forex brokers in South Africa that offers the use of MetaTrader 4 and MetaTrader 5 through which instruments can be traded. com is also known for its proprietary trading platforms Marketsi and MarketsX, with the former designed for long-term investing while the latter accommodates the trading of forex, stocks, and several other instruments. XM is another popular and reputable forex broker that has a strong presence in South Africa, known for its low minimum deposits, negative balance protection applied to retail investor accounts, multiple base currency options on accounts, and some of the lowest spreads in the industry.
XM not only supports a variety of trading strategies that can be used across different market conditions but also offers variable raw spreads, a plethora of trading opportunities, educational materials, advanced trading tools, and more, forex brokers in cape town. While Oinvest is not a forex broker that is regulated by the Financial Sector Conduct Authority FSCA in South Africa, it is the perfect platform that is extremely popular amongst beginner traders in South Africa.
Oinvest offers a simplified and transparent fee structure, and it offers its proprietary platform for use, forex brokers in cape town. While Oinvest mainly offers access to major currencies and minors, it is suitable for beginners, but it can be frustrating to experienced traders. Oinvest offers average spreads and a wide range of payment methods such as credit cards, debit cards, and a range of other options when traders deposit or withdraw funds.
Blackstone Futures is a reputable South African forex broker that is headquartered in Johannesburg. Blackstone Futures is well-regulated by the Financial Sector Conduct Authority FSCA in providing South African forex traders with advanced, dynamic trading solutions and comprehensive conditions.
With Blackstone Futures, traders can trade 32 different forex pairs while benefiting from average spreads forex brokers in cape town 0. In addition, South African traders are provided with a safe trading environment, maximum leverage up to and all trading accounts have negative balance protection that is automatically applied. Khwezi Trade is one of the most popular South African forex brokers that is headquartered in Cape Town.
Khwezi Trade offers dedicated local support, and it is a broker that understands the needs of the modern South African Forex Trader who needs to add a competitive edge to their trading. Khwezi Trade offers competitive spreads, access to 32 forex pairs which includes major, minor, and exotic currency pairs. While Khwezi trade does not offer proprietary trading platforms, it supports the use of MetaTrader 4, which offers traders an innovative web, desktop, and mobile trading platform.
HotForex is one of the best forex brokers that offers access to several South African markets, providing traders with a wide range of financial instruments that can be traded in the foreign exchange market, stock market, cryptocurrency market, and several others. HotForex is well-known for the tight spreads that it offers retail traders, with sophisticated solutions for forex brokers in cape town traders and other professional investors.
HotForex offers flexible solutions, and it is regulated by the Financial Conduct Authority through its parent company, HF Markets, with the backing of several other reputable market regulators. Exness is known as one of the best forex brokers for South African traders because it offers accounts with ZAR as the base currency. Exness caters the best for professional traders as well as institutional entities. However, anyone from South Africa can register an account with Exness as many features make this broker stand out from the rest.
Exness has competitive pricing and other are no account or inactivity fees charged. The rollover rate and swap rates are not the lowest, but they are extremely competitive. Exness offers comprehensive educational material to South African residents who are starting in trading. FxPro is another great option for South African traders who want to focus on exotic currency pairs, not only minor or major pairs. FxPro offers 70 forex pairs that can be traded with a maximum leverage of With FxPro, traders can expect competitive trading costs combined with comprehensive trading solutions that include reliable execution speed, competitive raw spreads, and regulation through reputable regulatory agencies.
FxPro also offers market insight that can be used to monitor market movements, allowing traders to make informed decisions. There is no cap on leverage in South Africa and depending on the forex broker, forex brokers in cape town, you can easily use leverage ratios of and higher. Yes, several South African forex brokers have a proven record for honesty, fair trading conditions, and integrity.
Yes, forex trading is legal in South Africa, and you can trade with any forex brokers that accommodate South African forex traders. However, traders are urged to avoid unregulated brokers. Forex Brokers with ZAR Accounts. FSCA Regulated Forex Brokers in South Africa. South African Forex Brokers with Islamic Accounts, forex brokers in cape town. South African Forex Brokers with High Leverage. South African Brokers with Low Minimum Deposits.
In the sections below we will review some of the 11 best forex brokers in South Africa, and what makes their offering so attractive. IFX Brokers Features Established in South Africa, IFX Brokers is a FSCA-regulated forex and CFD provider that has been in operation since PROS Well-regulated MetaTrader 4 offered Educational resources provided A range of useful trading tools offered A wide range of tradable financial instruments offered.
FXCM Features FXCM is reputable and one of the best forex brokers that accommodate South African traders, despite their trading experience or unique trading strategies. PROS Access to 40 forex pairs and forex baskets High leverage ratio supported for South African traders Competitive spreads and commission-free trading options offered A choice between trading platforms MetaTrader supported Well-regulated. CONS High inactivity fee of ZAR. Plus Features Plus is one of the most popular online forex brokers in South Africa that not only offers some of the lowest spreads in the industry, but also a wide range of currency pairs that can be traded through a powerful proprietary trading platform, available across several devices, forex brokers in cape town.
PROS Regulation through multiple entities, including the Financial Sector Conduct Authority There is a proprietary trading platform offered A wide range forex brokers in cape town financial instruments offered Proprietary mobile forex brokers in cape town apps Economic calendar, educational content, and other tools provided Demo accounts and Islamic accounts for Muslim traders Commission-free trading Average maximum leverage.
CONS Forex signal trading not supported. com Features Markets. CONS Inactivity fee charged after three months of retail account inactivity. XM Features XM is another popular and reputable forex broker that has a strong presence in South Africa, known for its low forex brokers in cape town deposits, negative balance protection applied to retail investor accounts, multiple base currency options on accounts, and some of the lowest spreads in the industry.
PROS Negative balance protection Competitive rollover fees Low minimum deposit requirement Choice in trading account types Access to a wide range of financial instruments Educational tools and economic calendar offered Spreads from as low as 0 pips Low commission fees. CONS Restricted leverage for retail traders. Oinvest Features While Oinvest is not a forex broker that is regulated by the Financial Sector Conduct Authority FSCA in South Africa, it is the perfect platform that is extremely popular amongst beginner traders in South Africa.
PROS User-friendly trading platform Competitive rollover fees charged Multiple trading tools offered Range of educational tools. CONS Limited regulation. Blackstone Futures Features Blackstone Futures is a reputable South African forex broker that is headquartered in Johannesburg.
PROS Based in South Africa Some of the lowest spreads offered A High maximum leverage ratio is offered Advanced forex trading platforms offered Helpful educational and trading tools offered, forex brokers in cape town. CONS There is a limited number of financial instruments offered.
Khwezi Trade Features Khwezi Trade is one of the most popular South African forex brokers that is headquartered in Cape Town.
PROS Based in South Africa with FSCA regulation Dedicated support in Afrikaans and Zulu, among other languages Leverage of offered.
CONS A high minimum deposit requirement of R2, forex brokers in cape town, needed to register Limited currency pairs offered. HotForex Features HotForex is one of the best forex brokers that offers access to several South African markets, providing traders with a wide range of financial instruments that can be traded in the foreign exchange market, stock market, cryptocurrency market, and several others. PROS Demo accounts offered on trading accounts Economic calendar offered Regulatory protection provided to South African traders Competitive, transparent swap rates on all financial instruments Reputable and forms part of HF Markets Range of trading tools Variable spread accounts offered.
CONS Fixed spread accounts not offered. Exness Features Exness is known as one of the best forex brokers for South African traders because it offers accounts with ZAR as the base currency.
PROS Forex spreads from 1 pip Flexible leverage limits on forex trading Supports MetaTrader VPS for faster trading Dedicated customer support. CONS Neither the swap rates nor the rollover rate is transparent. FxPro Features FxPro is another great option for South African traders who want to focus on exotic currency pairs, not only minor or major pairs.
PROS Access to a wide range of instruments Supports powerful trading platforms Ultra-fast trade execution Regulated in South Africa. CONS Average spreads that are not the tightest. How much leverage can I use when trading forex in South Africa? Can forex brokers in South Africa be trusted? Who regulates forex brokers in South Africa? The Financial Sector Conduct Authority FSCA is the regulating authority in South Africa.
How is forex trading taxed in South Africa? Is forex trading legal in South Africa? Forex brokers in cape town you for your interest in joining as an IFX Partner.
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How To Choose The Best Forex Broker In South Africa// With Lesiba Mothupi
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Forex Trading with Khwezi Trade – A South African Regulated Broker. Khwezi Trade is a division of Khwezi Financial Services, a South African broker, an authorised financial services provider (FSP: ). Khwezi has been regulated by the FSCA since its inception in Khwezi F.S is headquartered in Cape Town, South Africa and holds both 3 Photo (s) Forex trading lessons and strategies with percent accuracy. Join the winning team today. Barnes TX is a forex trading club designed to help you succeed in your forex trading journeyWe train new and experienced forex traders Get in touch with us on Barnes FX " Buy or Sell, We Take Profit " Khwezi Trade is one of the most popular South African forex brokers that is headquartered in Cape Town. Khwezi Trade offers dedicated local support, and it is a broker that understands the needs of the modern South African Forex Trader who needs to add a competitive edge to their trading. Khwezi Trade offers competitive spreads, access to 32
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