To find and select Best Forex Brokers you should define your own need, along with the strategy, level of experience and conditions that may be offered by the broker. The important note about regulation is already covered here are we create a list solely based in South Africa Regulated Forex Brokers, where below you can see listing created according to the specified criteria and its High Scores. Who are South Africa Brokers? Regulations in South Africa The good news and obvious benefits of South Africa is that Forex is regulated with greater protection against malicious companies due to its laws and regulations applied.

GO Markets. Founded in This is a safe and regulated broker. This broker offers account with ZAR as the base currency. Among other account features, they offer negative balance protection and a choice between market and instant order execution.

Another advantage is the free funding and withdrawals. They also have very good customer service. A few disadvantages to choosing this broker are their very high minimum deposit and lack of local contact numbers. In , FXCM was founded. They are also a regulated brokerage since The only fees they charge are the variable spreads on each trade.

They also have an inactivity penalty if you have not traded for over a year. They offer multiple trading platforms, however, MT5 is not one of those.

But the are some limitations in trading instruments. But there are various method options for withdrawals and deposits. You do not pay a deposit fee, but you may pay for withdrawal. XM Trading is another one of the best brokers on the web. They were founded in Their daily trading volume makes them a leading broker. Trade execution is extremely fast. These accounts are low priced. They also offer negative balance protection.

Best Forex Broker Africa 2021 — Previous Years Winners

So the trading environment is fairly good. They also have multiple platforms and trading instruments available. Customer service is extremely good and deposits and withdrawals are free. They offer a wide range of trading instruments including forex, equities, commodities and indices. Many traders will choose to trade with spreads and CFDs, however, they have the option to access the forex market directly.

They can do this through IG forex direct platform. Plus is a regulated, publicly listed and is considered a safe broker. Their spread is very competitive and their minimum deposit is fairly low. They also do not charge fees for withdrawals or deposits. They have an easy to use platform. It is accessible on web and mobile.

Who are the best South African Forex traders?

But it is not accessible on desktop. Indicated strengths reflect the voting users preferences. The FXTM brand was launched in , with a unique vision to provide unparalleled trading conditions and all-encompassing educational tools for clients in the forex industry. In the course of just a few years, FXTM has firmly established itself as a Oinvest is a leading online broker in South Africa. In addition to its wide-ranging trading offering, it is known for its secure portals and professional support team.

Investors and traders can engage in CFD trading via various trading platforms, The usage of this website constitutes acceptance of the following legal information, Terms, Conditions, Cookies policies. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.

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3. Best Forex Brokers In South Africa [FSCA Regulated]!

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Best Forex Brokers in South Africa

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Best Forex Broker Africa Speaking about forex trading on the African continent, it first and foremost means South Africa, the jurisdiction with long-term and strong connections to the London trading establishment and commitment to the European compliance standards.