5 Best Forex Trading Companies In South Africa
The forex market is a large, liquid and volatile financial market that has participants from effectually the world. South Africa is currently the second-largest economy in Africa and has an active population of forex traders, from beginners correct through to institutional traders.
While the process involved in choosing a forex broker is quite tedious. We take therefore compiled some of the best forex brokers in South Africa that offer some of the best and most competitive trading conditions in the manufacture.
IFX Brokers
Features
IFX Brokers is a proudly S African forex broker that offers forex and CFD instruments that can be traded beyond several asset classes. IFX Brokers offers its clients a wide range of markets, competitive trading atmospheric condition that consist of variable spreads, decent leverage ratios and commission-free trading.
IFX Brokers is well-regulated with the Fiscal Sector Conduct Authority (FSCA) in offering a safe, fair, and transparent trading environment for all traders which ensures that customer funds are kept secure with top-tier banks.
Pros and Cons
| PROS | CONS |
| Well-regulated | MetaTrader 5 is not offered |
| MetaTrader 4 supported | FIX API trading is not supported |
| Range of useful tools offered | Spreads are not the tightest |
| Commission-free trading | |
| Broad range of tradable instruments |
Markets.com
Features
Markets.com is a multi-asset trading platform and forex broker that offers a broad range of flexible trading solutions to Due south African traders. Markets.com is known as one of the all-time brokers in S Africa that offers a wide range of tradable instruments that can be traded through MetaTrader iv and MetaTrader 5.
Pros and Cons
| PROS | CONS |
| Low trading fees | Inactivity fees charged |
| Proprietary trading platform with scanner and trading signals | |
| Well-regulated | |
| 24/5 multilingual customer service | |
| Suited for beginner traders |
Blackstone Futures
Features
Blackstone Futures is a forex and CFD banker based in South Africa which operates nether strict regulation through FSCA in offering retail traders in Southward Africa avant-garde and flexible trading solutions. Blackstone Futures offers 32 different forex pairs that tin be traded with spreads from as niggling equally 0.six pips on EUR/USD.
In addition, traders tin can await a safety, fair, and transparent trading environment and guaranteed safety of funds. Pro Note: See complete guide of the best forex trading brokers operating in Southward Africa.
Pros and Cons
| PROS | CONS |
| South African-based broker with FSCA regulation | Limited tradable instruments |
| Low spreads | |
| High maximum leverage | |
| Avant-garde trading platforms offered | |
| Educational material and trading tools offered |
HotForex
Features
HotForex is a large and reputable forex banker which operates every bit the trading arm of HF Markets, providing the broker with a long listing of regulations and authorization to offer services in South Africa. With HotForex, traders can look a wide range of tradable instruments, depression trading fees, powerful trading platforms, educational material and avant-garde trading tools and resources.
Pros and Cons
| PROS | CONS |
| Demo accounts offered | Fixed spreads non offered |
| Well-regulated | |
| Choice in account types | |
| Competitive trading conditions | |
| Tight spreads offered |
Khwezi Trade
Features
Khwezi Trade is another popular and reputable South African broker that is headquartered in Greatcoat Town. Khwezi Trade caters specifically for both beginner and professional traders who want to add together a competitive edge to their trading.
Pros and Cons
| PROS | CONS |
| S African broker with FSCA regulation | High minimum deposit requirement of R2,000 |
| Dedicated client support in multiple languages | Limited tradable instruments offered |
| Decent leverage ratios offered |
It goes without proverb that dealing with the best in the business provides unique advantages. The brokers listed in a higher place are counted among the best.
Source: https://vaalweekblad.com/115942/5-best-forex-brokers-in-south-africa/
Posted by: torresfreardly.blogspot.com
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