Best Forex Broker In South Africa 2019

  

How to Choose a Forex Broker in South africa 2019

Is the Forex Broker regulated?

Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too. 

Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).

Availability of Customer Service. 

Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience. 

Top 10 Forex Brokers in South Africa

FXTM is the top international FSCA-regulated ECN/STP broker and requires low minimum deposits to open accounts.  In 2019, FXTM won the award for Best Forex Education Provider Africa from the International Business Magazine and Best Trading Conditions from World Finance.

Standard accounts - MT4 platform support, a minimum deposit of 10 USD and spreads from 1.3 pips on FX trades.

ECN accounts - MT4 & MT5 platform support, a minimum deposit of 200 USD, and spreads from 0 pips on FX trades.

AvaTrade

For their streamlined onboarding and trading experience, AvaTrade has earned themselves the FX Empire Best Trading Experience 2018 award, while holding FX Empire Best Broker of the Year honour continually from 2011 to 2017.

FXCM South Africa

FXCM South Africa

FXCM focuses on traders who want to learn how to start trading the financial markets. New traders can take advantage of the trading tools and forex education that FXCM offers. At the same time, FXCM offers innovative trading tools, education and platforms for experienced traders with the aim of offering them the ultimate trading experience. All traders can benefit from FXCM’s enhanced execution model in popular currency pairs and CFDs.

Khwezi Trade

Khwezi Trade is a South African FSCA regulated broker headquartered in Cape Town. As is common with other STP brokers, Khwezi Trade uses MetaTrader 4 as their single choice of platform, as it provides fast and reliable market execution.

Khwezi Trade offers four account types depending on minimum deposit but all accounts come with a personal account manager.  Leverage is less than is offered by other international brokerages, and currency pairs are more limited, but the clear appeal with Khwezi Trade is their competitive trading conditions that rival other local players.

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