As South Africa is one of the most progressive countries in terms of forex trading, there are a lot of brokers that operate there. It can be difficult to find a list of authentic brokers and to choose the one that suits you the best. Continue reading this article for a list of south african brokers trustworthy. Choose the one that attracts you the most and step into the world of forex trading like a pro!
eToro
It is reputed as one of the best brokers in South Africa. There are 6 types of accounts on eToro, 3 of which are ECN and 3 are standards. Center and stock accounts as well as fully verified demo and Islamic trading accounts are available upon request. EToro’s minimum investment for foreign exchange transactions starts at just $10. It is very suitable for beginner currency traders. The minimum investment for ECN accounts is $200 and the minimum investment for stock accounts is $10,000. In most cases, e-wallets and credit card deposits are tax-free. Finally, the spread starts at 0 pips on the ECN account or 1.3 pips on the main account currency pair. Although the eToro bonus is not available, there is a loyalty program.
TD Markets
TD Markets is the foreign trade company of Saint Vincent and the Grenadines. As a foreign exchange broker, TD Markets provides traders with one or more platforms for buying and selling foreign exchange. Forex traders use this broker to make profits 24 hours a day, 7 days a week. It provides low minimum deposit, low competitive spreads, trading platforms like MT4 and attractive trading conditions.
Pepperstone
Pepperstone is a 100% subsidiary of Pepperstone Group Limited. Pepperstone Group Limited is an Australian company founded in 2010 and has rapidly grown into one of the world’s largest providers of foreign exchange and CFDs. Pepperstone is a reliable broker with FCA and ASIC licenses. The environment for digital account opening and trading is one of the best in Australia, with ECN accounts, robust analysis tools and reliable transactions. The education department is highly qualified and very helpful.
Khwezi trade
Khwezi Trade is an online broker that provides clients with four live trading accounts on the popular MT4 trading platform. Khwezi Financial Services is a South African broker company regulated by the Audit Office of the South African Ministry of Finance (FSCA). Khwezi Trading offers 60 CFD currency pairs covering 14 indices including the Dow Jones and Nasdaq, as well as a wide range of commodities including gold and silver and crude oil. All instruments are traded in South African Rand (ZAR).
FXpro
FXPro is an online broker founded in 2006. FXPro is a global broker based in the UK. FXPro is regulated by CySEC. As a CySEC regulated broker, FXPro is also a member of the Investor Compensation Fund program. FXPro allows traders to achieve high levels of liquidity and improved trading performance without the intervention of the mall, with a minimum investment of $100 per initial account. It offers free of cost transactions with excellent customer service.
