Forex Traders in South Africa Guide
Updated January 27, 2022
Forex traders in South Africa
There are many profitable Forex traders in South Africa with remarkable stories that inspired new traders throughout the country.
Not only the knowledge, but the successful traders from this South Africa also show us how patience and risk-management affect their progress. In fact, those elements are now translated to basic skills every trader should learn and develop. Capturing every profitable opportunity is possible with balancing those soft skills.
Facts about Successful Forex Traders
South Africa is home to many wealth Forex traders but there is an interesting fact. These traders are coming from different backgrounds.
Another similarity is that they are all consistent and passionate in Forex trading. This also shows us that Forex trading can be taught and there are some points where everyone can be successful.
The Golden Age of Trading in South Africa
The successful stories of Forex traders in South Africa have inspired so many individuals to take big steps on trading. South Africa has gone through rapid and positive development especially in technology and information.
The internet infrastructure also takes part in the massive growing interest in Forex trading throughout the South Africa. There could have been thousands of citizens who are now active traders.
Can Someone Become Rich from FX Trading in South Africa?
If you read the ten top traders in the country, you would know that Forex trading can possibly make you rich. In fact, people are becoming rich around the world with this currency trading. No matter what financial condition, occupation, or education is, anyone can trade Forex and become rich.
Anyone can trade currencies even the smallest amount of deposit with their new account. Being a professional trader is a thing, but the good news is that anyone can start and get to know it. Even those rich traders were beginners while some of them were poor. They are now worth several million to billions of dollars.
What you need is the starter pack as the beginner trader. Entering the market and cutting the noise could be a daunting task at first. What you need is to find a reputable broker, analyze the currency market, and make your first move. Unload your pack and start trading now. Don’t forget to have passion over your trades.
Forex trading is simply currency trading where a trader sells one currency and buys another and so on. The total average of Forex daily transactions speaks for trillions of dollars or hundreds of billions of dollars per hour. US Dollars dominate the concentration of trading volume along with the Euro and Yen.
South Africa’s traders can start their account with a very minimum deposit from as little as USD 5. However, you may need a couple of hundreds of dollars for a deposit to obtain leverage you can use for your trading.
Stereotype vs Facts
Forex trading is often misunderstood as gambling and all that is the stereotype people with no trading experience to traders. Many people think that they would lose their money on Forex trading. Of course, you can lose your money in trading but not because you are gambling but mostly because you cannot capture profitable opportunities. Ignoring multiple factors of trading can a trader have unsuccessful trades.
The fact is that Forex trading works like other trading except that now many people are using virtual interfaces to trade currencies. Building and executing workable trading strategies is the secret to success.
Learning theories and practices would make trading decisions more mature over time. When a trader reaches that point, they’d earn the profit and multiply their deposit.
Many people also think that Forex trading requires a lot of money at the forefront but we’ve clarified this stereotype above.
Forex trading in South Africa
Forex trading has shown to be a special phenomenon in South Africa that is different from other countries. There has been a huge growth in active Forex traders in South Africa.
South Africa’s government has responded to this dynamic very wisely by encouraging the relevant regulators to support the massive growth of Forex trading in the country. These regulations also aim to protect and develop a healthy currency market.
There are successful and unsuccessful trades in the Forex market that shorten the gap between profit or loss. Risks are there and should be clearly understood when trading but FX trading offers a potential solution for financial freedom.
South African traders have considered Forex trading a part of their investment strategy going forward. With patience,passion, and an internet connection, any South African can begin trading world currencies online.
We've collected thousands of datapoints and written a guide to help you find the best Forex traders in south africa for you. We hope that this information assists you in locating a reliable and reputable broker who meets your online trading requirements. We have compiled a list of what we consider the best Brokers below.
Reputable Forex Traders in South Africa Checklist
There are a number of important factors to consider when picking an online Brokers trading brokerage.
- Check your Brokers broker has a history of at least 2 years.
- Check your Brokers broker has a reasonable sized customer support of at least 15.
- Does the Brokers broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Brokers broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Brokers broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Brokers can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Brokers of 2022 compared
Here are the top Brokers.
Compare Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Brokers that accept Brokers clients
| Broker |
IC Markets
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AvaTrade
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XTB
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Roboforex
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FP Markets
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Pepperstone
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Plus500
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XM
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EasyMarkets
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Trading212
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SpreadEx
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| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA) |
| Min Deposit | 200 | 100 | No minimum deposit | 1 | 100 | 200 | 100 | 5 | 100 | 1 | 1 |
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| Used By | 180,000+ | 300,000+ | 250,000+ | 10,000+ | 10,000+ | 89,000+ | 15,500+ | 3,500,000+ | 142,500+ | 15,000,000+ | 10,000+ |
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| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with roboforex |
Sign
Up with fpmarkets |
Sign
Up with pepperstone |
Sign
Up with plus500 |
Sign
Up with xm |
Sign
Up with easymarkets |
Sign
Up with trading212 |
Sign
Up with spreadex |
| Risk Warning | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | Your capital is at risk | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
| Demo |
IC Markets Demo |
AvaTrade Demo |
XTB Demo |
Roboforex Demo |
FP Markets Demo |
Pepperstone Demo |
Plus500 Demo |
XM Demo |
easyMarkets Demo |
Trading 212 Demo |
SpreadEx Demo |
| Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, CA, IL, KR, IR, MM, CU, SD, SY | US | US, CA | US, TR |
All Brokers in more detail
You can compare Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Brokers below.
Forex Traders in South Africa Table of Contents
- Forex Traders in South Africa Explained
- 6 Factors to Consider when Choosing Forex Traders in South Africa
- Are Your Forex Traders in South Africa Trusted And Established?
- Are The Forex Traders in South Africa World Leading?
- What are the Forex Traders in South Africa Commissions and Fees?
- What are the Forex Traders in South Africa Funding and Withdrawl Methods?
- Find Forex Traders in South Africa with Round-the-clock support?
- Make sure the Forex Traders in South Africa Offer Comprehensive Trader resources?
- Why Forex Traders in South Africa needs to be regulated?
- Forex Traders in South Africa FAQ
- What are the best Brokers brokers?
- What is the best B broker?
- Related Forex Traders in South Africa Reviews
- Related Forex Traders in South Africa Alternatives
- Related Forex Traders in South Africa Comparisons
Forex Traders in South Africa Explained
Trading the financial markets with Forex Traders in South Africa when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Forex Traders in South Africa is the platform that a Forex Traders in South Africa offer.
Choose Forex Traders in South Africa that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Forex Traders in South Africa that you can rely on.
6 Factors to Consider when Choosing Forex Traders in South Africa
Follow these five rules for selecting a broker that's right for you:
Are Your Forex Traders in South Africa Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Forex Traders in South Africa broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is AvaTrade.
AvaTrade was established 2006, and in operation for 12 years AvaTrade have a head office in Ireland .
AvaTrade is regulated. This means AvaTrade are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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AvaTrade
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XTB
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Roboforex
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FP Markets
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Pepperstone
|
| Year Established | 2007 | 2006 | 2002 | 2009 | 2005 | 2010 |
| Head Office | Australia | Ireland | Poland | Cyprus | Australia | Australia |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 |
| Used By | 180,000+ | 300,000+ | 250,000+ | 10,000+ | 10,000+ | 89,000+ |
| Negative balance protection | Yes | No | Yes | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit AvaTrade | Visit XTB | Visit Roboforex | Visit FP Markets | Visit Pepperstone |
| Risk Warning | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Are The Forex Traders in South Africa World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 232 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Forex Traders in South Africa is AvaTrade . AvaTrade Segregates clients funds and offers over 1250 instruments.
| Broker |
IC Markets
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AvaTrade
|
XTB
|
Roboforex
|
FP Markets
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Pepperstone
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| Instruments Available | 232 | 1250 | 4000 | 100 | 100 | 100 |
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | US | BE, BR, KP, NZ, TR, US, CA, SG | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP,US |
| Forex pairs offered | 65 | 55 | 57 | 35 | 60 | 70 |
| Forex pairs offered | 65 | 55 | 57 | 35 | 60 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 19 | 17 | 21 | 21 | 18 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | No | Yes | Yes |
| Agricultural | Yes | Yes | Yes | No | Yes | No |
| Stocks Offered | 110 | 1000 | 1696 | 0 | 10000 | 60 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No |
What are the Forex Traders in South Africa Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex Traders in South Africa broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Forex Traders in South Africa broker AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . AvaTrade minimum deposit is 100. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
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AvaTrade
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XTB
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Roboforex
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FP Markets
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Pepperstone
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| Min Deposit | 200 | 100 | 0 | 1 | 100 | 200 |
| Withdrawl Fees | No | No | varies | Yes | No | No |
| Inactivity Fees | No | No | Yes | No | No | Yes |
| Deposit Fees | Varies | No | No | No | Yes | No |
| CFD Commission Fees | Yes | No | Yes | No | Yes | Yes |
What are the Forex Traders in South Africa Funding and Withdrawal Methods?
When dealing with Forex Traders in South Africa having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
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AvaTrade
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XTB
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Roboforex
|
FP Markets
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Pepperstone
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | No | Yes | Yes |
| Skrill | Yes | No | Yes | No | Yes | Yes |
| Payoneer | No | Yes | Yes | Yes | No | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Traders in South Africa with Round-the-clock support?
Customer service is very important when dealing with Forex Traders in South Africa.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Forex Traders in South Africa customer support can include Phone answering services, Live chat support and Email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
AvaTrade support a wide range of languages including Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish
IC Markets and AvaTrade offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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AvaTrade
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XTB
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Roboforex
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FP Markets
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Pepperstone
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| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
| Learn More | Visit IC Markets | Visit AvaTrade | Visit XTB | Visit Roboforex | Visit FP Markets | Visit Pepperstone |
| Risk Warning | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Make sure the Forex Traders in South Africa Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, IC Markets and AvaTrade work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Forex Traders in South Africa needs to be regulated?
A regulated Forex Traders in South Africa broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Forex Traders in South Africa brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Forex Traders in South Africa List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
