Rating 4.7 (20) · FNB; Mercantile Bank; Nedbank · Absa · Standard Bank. For investors to buy and sell currencies as they see fit, they must open a. AvaTrade is one of the world's leading and most recognized forex brokers. AvaTradego, the company's award-winning mobile trading software, is just one of the many trading options it offers.
In addition to currency pairs, commodities, energy, indices and stocks, Exness offers CFD trading on a wide range of assets, allowing clients to understand global markets. Exness clients can also take advantage of order execution that is fast, accurate and with tight spreads. All Exness accounts come with a free virtual private server (VPS), as well as support for the MT4 and MT5 trading platforms. Tickmill is a great option due to the large amount of resources it provides to new traders, the free use of premium tools, and the favorable trading circumstances it offers.
Due to its global reach, feature-rich website, and wide range of trading tools, HotForex is a wonderful choice for traders. The basics of forex and CFD trading are given in an easy to understand way in the user-friendly interface. Khwezi Trade is a South African brokerage firm and a subsidiary of Khwezi Financial Services as a financial services provider. The FSCA regulates Khwezi Trade to protect the safety of its clients' funds.
Khwezi Trade offers trading in a wide range of global markets, including currency pairs, commodities and indices. Globex360° can be described as a reputable broker that provides trading capabilities on a wide range of financial instruments to investors from all over the world. Trade with confidence with GlobeX360°, which has a strong track record and offers simple trading conditions. FSCA, FIAMLA, POCA 2002 and POTA 2002 IFX Brokers is a regulated online Forex broker from South Africa offering a wide range of trading options.
Only a few major investment banks and major hedge funds can compete with the broker's low latency and fast execution rates. As a South African trader, you can leverage 49 currency pairs. ZAR has only 4 crosses with USDZAR, EURZAR, GBPZAR and ZARJPY. Other currency pairs traded are 15 major currency pairs and 34 minor pairs.
A cent account basically deals with pennies. For every dollar you deposit, 100 cents will be credited to your account, so from your account, the value of your deposit will be expressed in terms of cents. This is a basic ICMarket account. The spread on this account is as low as 1 pip.
ICMarkets Standard Account Offers 0.3 Pips Cashback on Trades. FXCM is the best commission-free forex broker due to its commission-free trading function, which is combined with a wide selection of trading platforms and improved execution speed. FXCM, which was founded in 1999, is governed by a number of different regulations around the world. In addition to this, IFX Brokers offers access to global financial markets along with competitive trading conditions that suit both beginner and professional traders.
Plus500 is one of the most popular forex brokers operating around the world, including several African markets. Plus500 is known for offering an award-winning, patented trading platform that connects traders to various markets. Negative balance protection also applies to retail investor accounts, and traders have access to demo accounts that can be used before risking real money in a live trading environment. Plus500 supports a wide range of trading strategies, offers ZAR accounts, and caters to both professionals and novice traders who still need guidance.
The commission-free trading offered by FxPro is known for its low and variable spreads, its reasonable maximum leverage ratios and its reliable regulatory framework that makes FxPro a reliable choice for any South African Forex trader. In addition to offering MetaTrader 4, MetaTrader 5 and cTrader, FxPro also offers a proprietary platform that is an advanced mobile trading platform available on iOS and Android mobile devices. HotForex is the trading arm of HF Markets, which has regulation and authorization with several renowned major regulators. HotForex has a global presence, is one of the world's leading international brokers and offers a wide range of financial instruments and competitive conditions, making it a reputable South African forex broker.
In addition to offering the trading of major pairs, HotForex offers financial instruments spread across several other asset classes. HotForex offers low trading costs consisting of a tight spread starting from 0 pips, easy-to-use options for beginner forex traders, sophisticated solutions for the high-volume advanced trader, such as advanced risk management tools, and more. In addition to its advanced offering, HotForex also offers deposit bonuses, the option of an instant deposit and zero fees for deposits and withdrawals. Investor Compensation Fund Offered Khwezi Trade is a proud South African forex broker that is known for its comprehensive trading solutions and favorable trading conditions consisting of some of South Africa's lowest spreads, negative account balance protection and competitive minimum deposits.
Khwezi Trade offers ZAR accounts to South African traders, along with the benefit that traders can deposit funds through some well-known South African banks through EFT and other payment options. Khwezi Trade has a competitive spread and offers its solutions to traders despite their trading experience or the different trading strategies they use when trading currency pairs. In addition to offering a selection of assets, Khwezi Trade also offers customer support in English, Afrikaans, Zulu, Sotho and Khoza. Khwezi Trade is also well-regulated by the Financial Conduct Sector Authority (FSCA) in South Africa.
SuperForex is one of the best online brokers for an electronic communication network (ECN) environment in which a wide range of currency pairs can be traded. SuperForex offers ECN ZAR accounts, transparent trading fees, a wide range of trading tools and a tight spread starting from 0 pips. South African traders can also expect flexible common methods for deposits and withdrawals, a variety of variable spread accounts, CFD trading solutions, and access to a wide range of financial markets. FXCM is a well-established and well-regulated STP forex broker that offers comprehensive solutions to traders around the world, including South Africa.
FXCM offers a wide range of accounts, along with the benefit of ZAR accounts, and access to a wide range of tradable financial instruments. FXCM has offices in several regions, including London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan, making it a trusted broker with a global presence. A member of the FSCS compensation scheme, XM is one of the best variable spread forex brokers in the world serving beginner traders, investors and advanced forex traders alike. XM offers a choice of customised variable spread accounts, each with its own unique and competitive trading conditions.
Through MetaTrader suites, XM allows the use of a variety of trading strategies, including the use of automated forex trading software, which allows traders to add a competitive advantage to their trades. XM offers ZAR accounts to South African traders, in addition to offering transparent trading fees, a loyalty program, a deposit bonus and access to a wide range of currency pairs that can be traded on the foreign exchange market, among other financial markets. You can choose between spread accounts or commission accounts Blackstone Futures is affiliated with Trade Nation, which is a multinational broker with regulations in several regions. Blackstone Futures offers competitive trading fees and commissions along with ZAR accounts for beginner, experienced and professional traders.
Exness has competitive trading fees and offers a tight spread starting from 1 pip on some financial instruments. Exness isn't as transparent with its fees, especially when it comes to swap or rollover fees. By visiting the official FSCA website to see the page where all financial service providers are listed. It will provide a full list of domestic and international forex brokers that have FSCA regulation and those who are in the process of obtaining regulation.
IFX Brokers Holdings (PTY) Ltd does not offer its services to residents of certain jurisdictions, such as EU Member States, Iceland, Norway, Liechtenstein, Afghanistan, Democratic People's Republic of Korea, Ghana, Iran, Iraq, Libya, Mongolia, Myanmar, Nicaragua, Panama, Somalia, Syrian Arab Republic, United Arab Emirates, Uganda, United States of America, Canada, Yemen, Zimbabwe. These trading platforms and the trading fee charge are low; the minimum deposit amount was comparable to ZAR 1500, based on the average currency conversion rate between the South African Rand (ZAR) and the US Dollar. This account offers you a direct market spread and, for some trades, 0.0 pips for a trade, depending on the market. If you have a larger account balance and trade more, the commission for trading ECN accounts is cheaper.
These advanced trading platforms have more than 15 technical indicators that are active for users of the broker platform and should use the functions of the best forex brokers in South Africa. When it comes to trading forex, South Africa is an increasingly popular place for forex brokers due to its fast-growing economy as one of the most developed countries in Africa, as well as strong demand for financial services and less stringent regulation. IFX Brokers is a regulated South African online Forex broker that offers a wide range of trading options. However, there are only a few forex brokers, both domestic and international, that offer ZAR as their base currency, and they are listed in the following sections.
With FSCA regulation on its side (these trading platforms are one of the best forex brokers in South Africa as they are backed by it), a financial regulatory body that governs Tickmill (which South Africa pty ltd). South Africans can legally trade in the foreign exchange market through any FSCA regulated forex broker in South Africa with permission to provide derivative products to South African customers. The best forex broker provides 24-hour market access and trading opportunities to speculate on currency pairs around the world. Investors who are interested in trading Forex with Standard bank can request confirmation to confirm if they qualify via the provider's official website or via email.
As an STP broker, the firm offers South African traders exceptional trading conditions, dedicated 24 hours of customer service, account types, financial instruments, market volatility, a variety of deposits, 24 hours of open and withdraw options with no trading fees at no cost, in-depth analysis, lower spreads, mobile trading and market analysis from this FSCA regulatory platform. The trading platform consists of MetaTrader4 mobile apps and protocols, augmented by a unique suite of tools and improved trading functions. Trading CFDs with an excessively high leverage ratio is one of the most common mistakes novice forex traders make. .