The broker has around , traders under its system, from countries, providing support in 18 languages. It offers a total of 8 asset types, and traders can access more than instruments for trading. RoboForex offers 6 account types, with options for Islamic traders for conducting swap free trades. The Pro-Standard Account is the most popular account type amongst users, offering optimal trading conditions. This is suitable for both novice as well as experienced traders. The trading costs are based on tight spreads from 0 pips and provides fast order execution. It is also compatible with CopyFX and RAMM platforms, allowing traders to invest in financial assets by copying single orders or even entire trading strategies.
They charge an overnight fee, about Founded in by a team of experienced forex and Fintech professionals, BlackBull Markets is an award-winning online broker based in New Zealand, offering institutional-grade trading services worldwide with a special focus on CFDs and Forex. For ensuring deep pool liquidity and the depth of the market, they have several liquidity providers as its partners. IQ Option Europe Ltd. IQ Option Ltd. The online broker is known in the forex trading world for its trustworthiness and application of latest technologies. The unique features of IQ Options has made it won many accolades around the world.
The interface of the trading platform offered by IQ Option is easy to navigate and everything is organised neatly. It offers a number of trading platforms including MetaTrader 4 or 5 and cTrader. IC Markets specialises in providing different trading instruments, such as 41 CFDs on metals, indices, cryptocurrencies and futures contracts as well as 63 forex pairs. IC Markets offers three primary account types, each differing in fee structures. At IC Markets, users have a total of 10 base currencies to choose from when they open their account.
They offer something similar to an active trader offering, offering further discounts to traders that trade over standard lots per month. In terms of educational resources, IC markets offers a detailed range of content especially for novice traders, covering topics such as technical analysis and trading psychology.
South Africa Forex Brokers List
InstaForex is an international brand of online brokerage platform founded in that offers various services to its customers such as Forex, CFDs on indices, shares, commodities, Stock, and cryptocurrency trading. InstaForex has an overall sound global presence over the internet and is popular among forex traders due to its services, lucrative bonuses, promotional acts, and international customer support.
Accounts can be opened "instantly" on the InstaForex platform using the "instant account opening" option. Operational since , this forex broker company was initially known as AvaFX. They offer several trading tools to ease the process of devising a trading strategy and when to open or close a position. The leverage range at Markets. It depends on the asset being traded and the market condition. The platform is known for faster execution of trades and for offering tight spreads. For security, Markets.
The brokerage website ensures that all the transactional and personal data of their clients are SSL encrypted. The South African traders can also trade CFDs on this platform and the leverage offered in this case is usually up to The trading platforms offered by the broker to its clients are MT4 and Sirix. When trading forex, the broker offers competitive spreads and a leverage of up to for Mini accounts it is They also have an education section that is of great benefit to the inexperienced traders. Withdrawal requests are usually fulfilled within 24 hours and the broker firm offers promotions and bonuses frequently.
Vantage FX is an Australia based online broker which offers a range of trading services in the forex market. The broker was previously named MXT Global after being founded in , before going through a rebranding in It is a registered entity in Australia and primarily catered towards an Australian audience. The site is mainly compatible with MetaTrader 4 and 5 as well as market trader and Web trader. Vantage FX gives users access to 38 forex pairs and 24 CFDs on cryptocurrencies, commodities and indices. It offers a Standard STP account among its offerings, which does not charge a commission.
However, the standard STP account has an indicative spread of 1. Other account types include the Raw Account which has spreads of just 0.
Forex Trading
Islamic accounts are also available, compatible with Sharia Law. Vantage FX puts increasing focus on robot trading, where traders are automatically executed based on some predetermined parameters. It offers award winning customer care services and occasionally some attractive promotions.
This is extremely appealing to novice traders, as well as more conservative traders who want to keep their level of risk at a bare minimum.
However, for more experienced traders who are willing to adapt riskier trading strategies, the upper leverage limit of maybe a burden for them. It is also permitted by the financial authority of South Africa to offer trading services in the country. The setting up of an account in BDSwiss is quite simple and requires only a few minutes.
The broker offers tight spreads and a leverage as high as in case of forex trading. However, the leverage may differ from one currency pair to another.
8 Best Regulated Forex Brokers that Accept South African Traders
WebTraderis the platform offered by BDSwiss that allows for easy navigation and lends to a user-friendly experience. They have been operating since , and have become a household name around the world thanks to their excellent, top-tier regulation, and the unbeatable trading experience they offer to those looking to get involved in social trading or forex. They now have locations worldwide and offer services to more than 7 million traders across hundreds of countries including all of South Africa. Warning : Please be aware that all trading involves risk. You should consider whether you can afford to take the high risk of losing your money.
This content is for educational purposes only and is not investment advice. While they were founded in in Ireland, they have since grown to become one of the top forex brokers in the sector offering services around the world. The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs , and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders. Read our Detailed AvaTrade Review. Visit Ava Trade. The high degree of leverage can work against you as well as for you.
Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. XM was founded in Within the period that has passed, they have managed to become one of the most instantly recognizable names in forex trading. This is not only due to their excellent regulatory compliance worldwide, they are regulated by both CySEC, and ASIC, as well as two other top-tier regulators, but also the fact they provide an accessible trading environment to traders all around the globe.
The broker caters for the needs of the forex market in more than countries. This makes them one of the most available brokers in the industry to all levels of trader. Couple this with an exceptional education section, and a great variety of assets to trade in, and you have a winning combination with XM. Warning : Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital.
You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in.
Past performance is no guarantee of future results.
- options trading current strategy!
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They have been providing access to the forex market for traders since They now operate on a worldwide scale providing service to traders in more than countries. They are also one of the few major forex brokers to offer services to US-based traders. To match their worldwide service availability, the broker is also regulated by numerous top-tier regulatory bodies including some of the most respected in the industry.
🏆 10 Best Successful Forex Traders in South Africa ( Revealed ) -
There is trusted regulation in place in both the US and Canada too which helps protect traders based there. The brokers reputation for transparency and trust, combined with a strong product offering and excellent trading costs, put it in prime position at the head of a very competitive sector. Read Our Detailed Forex. Visit Forex. Warning : Forex trading involves significant risk of loss and is not suitable for all investors.