Best South Africa Forex Guide
Updated January 23, 2022
South Africa Forex
Can you conduct Forex activity in South Africa? Is it possible to make a Forex trade in South Africa? How great is the market? You can get the answers here in this guide.
When it comes to Forex in South Africa, your focus currency will be the South African rand with is among the most traded currencies in the world by volume.
In fact, Rand has been in the top 20 currencies since 2004. Rand is the only currency from the African continent which attains the ranking in a Forex market.
Just like with many other currencies, there will be risks trading with South African rand as a base currency or vice versa.
South Africa Forex
When it comes to South African Forex, it will come down to your preparation and knowledge of the opportunities and takeaways.
Before proceeding to indulge yourself in the South Africa Forex, you will need to equip yourself with good foundation and skills to use to compete in the market.
Thanks to the nature of Forex, which is global, you can take advantage of financial market opportunities happening anywhere in the world while online in South Africa.
What is required to get started in South Africa Forex? Here are the things you can take into account.
Prepare your device and internet connection for Trading Forex in South Africa
Low-end devices can actually still be a good option when using Forex brokerage apps and services.
But if you have more budget to upgrade your PC or laptop, a desktop computer is a better option to maintain sustainability and performance of your trading.
Whether you are living or traveling in South Africa, it is important to know that you need to have good internet connection every time you trade.
A decent internet connection is a key to seamless Forex trading experience. The reason is obvious. As Forex is about the timing.
The last thing you want is you miss the opportunity to make profit, or even lose money. Ask for some internet providers in South Africa and pick the best internet package which really comes with value of your money.
Choose the Right Brokerage
Online Forex brokerage is the key to make a great Forex trade.
From South Africa, you can browse around hundreds of Forex brokerages available on the internet. You can connect with any broker that can cater for your requirements.
Be certain that the brokerage you choose is regulated and certified. Cross-check the regulatory institutions or firms who provide accreditation and permission to the brokers.
The benefit is that South Africa has great protections to the traders in the country. But some regulations might not be able to protect you if you join with brokerages which are hosted offshore.
So, make sure you read all the terms of agreement and rules first before proceeding.
Open the Forex Account
Depending on the website you choose to join with, the registration process can be different from one to another. But it shouldn’t be difficult for new users like you.
You just need to follow the registration process through and make the first deposit to your Forex account.
Deposit
Making deposits is crucial. But you can choose not to use your real money to test the water. Each Forex brokerage has an offering to use virtual money.
You will be granted a demo account with a virtual balance. You can test your strategies first using your demo account to find out if it is good enough for the market. Then when your confidence builds, you just need to proceed to use your real account.
The Forex Trading Platform
The next step is to download your trading platform. As I mentioned before, you could upgrade your laptop or PC so that it can operate the app well.
Some trading platforms even come with the mobile app version which you can use in your smartphone or tablet.
The reputable brokers have such great trading platforms. Use the services which have the resilient software so that you can maximize your trading activity.
Proceed
After preparing all your infrastructure, you are ready to go. Plan is the key to your successful Forex rodeo.
The more strategies you have at hand, the more likely you are able to profit from the South Africa Forex.
Consider covering all the basis first before you indulge yourself in the South African Forex market. There are some strategies that you can use such as price action, day trading, range trading, as well as trend trading.
We've collected thousands of datapoints and written a guide to help you find the best South Africa Forex 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 South Africa Forex Brokers below.
Reputable South Africa Forex Checklist
There are a number of important factors to consider when picking an online South Africa Forex Brokers trading brokerage.
- Check your South Africa Forex Brokers broker has a history of at least 2 years.
- Check your South Africa Forex Brokers broker has a reasonable sized customer support of at least 15.
- Does the South Africa Forex 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 South Africa Forex Brokers broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your South Africa Forex Brokers broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your South Africa Forex 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 South Africa Forex 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 South Africa Forex 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 South Africa Forex Brokers of 2022 compared
Here are the top South Africa Forex Brokers.
Compare South Africa Forex Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are South Africa Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more South Africa Forex Brokers that accept South Africa Forex 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 |
| Funding |
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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 South Africa Forex Brokers in more detail
You can compare South Africa Forex 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 South Africa Forex Brokers for 2022 article further below. You can see it now by clicking here
We have listed top South Africa Forex Brokers below.
South Africa Forex Table of Contents
- South Africa Forex Explained
- 6 Factors to Consider when Choosing South Africa Forex
- Are Your South Africa Forex Trusted And Established?
- Are The South Africa Forex World Leading?
- What are the South Africa Forex Commissions and Fees?
- What are the South Africa Forex Funding and Withdrawl Methods?
- Find South Africa Forex with Round-the-clock support?
- Make sure the South Africa Forex Offer Comprehensive Trader resources?
- Why South Africa Forex needs to be regulated?
- South Africa Forex FAQ
- What are the best South Africa Forex Brokers brokers?
- What is the best South Africa Forex B broker?
- Related South Africa Forex Reviews
- Related South Africa Forex Alternatives
- Related South Africa Forex Comparisons
South Africa Forex Explained
Trading the financial markets with South Africa Forex 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 South Africa Forex is the platform that a South Africa Forex offer.
Choose South Africa Forex that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need South Africa Forex that you can rely on.
6 Factors to Consider when Choosing South Africa Forex
Follow these five rules for selecting a broker that's right for you:
Are Your South Africa Forex 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 South Africa Forex 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
|
XTB
|
Roboforex
|
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 South Africa Forex 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 South Africa Forex is AvaTrade . AvaTrade Segregates clients funds and offers over 1250 instruments.
| Broker |
IC Markets
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AvaTrade
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XTB
|
Roboforex
|
FP Markets
|
Pepperstone
|
| 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 South Africa Forex Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated South Africa Forex broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated South Africa Forex 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
|
Roboforex
|
FP Markets
|
Pepperstone
|
| 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 South Africa Forex Funding and Withdrawal Methods?
When dealing with South Africa Forex 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
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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 South Africa Forex with Round-the-clock support?
Customer service is very important when dealing with South Africa Forex.
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.
South Africa Forex 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 South Africa Forex 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 South Africa Forex needs to be regulated?
A regulated South Africa Forex broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
South Africa Forex 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.
South Africa Forex 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
