InstaForex also has a global presence in worldwide sponsorships and social events, along with it being partnered with sports entities and events such as Liverpool Football Club, Dragon Racing, and several others. Floating 0. This account provides standard trading terms on the Forex market without there being any fees involved. Once this account has been opened, the trader gains access to all the trading instruments InstaForex offers and the trader pays a fixed spread when setting a trade.
This type of account caters for traders with differing levels of experience, from beginners to those who are more advanced. One of the main benefits and attractions of this account is its universality which allows traders to change the trading leverage floating leverage and determine a deposit size which will suit them better.
The trader who holds this type of account will not be required to pay any spread when opening a trade. Zero spreads are applied for most of the trading instruments and this is always due to the Bid price being equal to the Ask price. In such a case where the price is higher than the Bid price by half of the spread, which is applicable for a certain instrument, it is then rounded up to its integral value.
27 Best Forex Brokers in South Africa
This account caters specifically for traders who are just starting out and who are still learning to trade. This is because it does not take into consideration the spread in the case of using pending orders. Even though this account is perfect for beginner traders to get used to a simpler system of trades, it also features characteristics that may be useful to more advanced traders as they are like that of the Insta. Standard Account. Both these account types were specifically designed with beginner traders in mind by allowing them access to the minimal possible trade volume.
These accounts have the following features:.
The only disadvantage with these accounts is the maximum allowed deposit size. This relates to their directivity to beginning traders especially. InstaForex also provides investors and traders the opportunity to invest in Forex projects by using a PAMM forex system.
This system can be used by both traders and investors to invest in forex with the sole purpose of taking a part of the profit which is made. InstaForex also offers traders the option to open a demo account. This feature is especially helpful to beginner traders, allowing them to get hands-on experience in trading in a risk free environment by using virtual funds. The trading of Forex along with the trading conditions involved depends on the type of account that the trader uses as each is set up differently providing different spreads and fees depending on the account and the currency pair being traded.
Each of these has their own lot size and spread and there are no fees involved with trading these instruments. With regards to shares, InstaForex offers trades in shares from some of the most popular companies in the world such as Apple Inc. When trading shares with InstaForex, traders need to take note that the lot size on each share is stocks and although the spread varies between the shares, there is a standard 0. When trading futures and indices, traders need to take note that each has its own tick size and cost, along with margin and specific times in which these instruments can be traded along with a set expiration date.
The fees on all of these is set at 0. MetaTrader4 is one of the most popular trading platforms in use within the trading community and comes packed with an array of features such as:. Both MetaTrader4 and 5 are compatible with mobile devices and tablets that run Android and iOS software, and laptops along with desktops that run Windows.
This is the new and improved version built from MetaTrader4, which still has a lot of the same functions and features, but also has new features such as:. With this platform, traders can work with not just one, but several InstaForex trading accounts all at once. This handy tool works especially well with account management, where traders need to manage the accounts of their clients.
This trading platform was designed by InstaForex and is only available to its own clients.
Best Forex Brokers In South Africa 2021
This is another innovation by InstaForex which is designed to make tick trades. The features of this platform include:. It is regulated by CySec.
Some brokers provide only one, others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade. MetaTrader 4.
How we selected the best Forex Brokers in South Africa
This trading platform offers a modern graphic interface and regular updates and is accessible through a web interface. Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates. Commodity markets offer many investment opportunities for traders.
Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty. Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market.
+ Regulated Forex Brokers List (Top 10 Best Brokers)
They can represent a specific stock market or a specific set of the largest companies of a nation. The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods. The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Traders can trade in a wide variety of instruments and currency pairs. Exness was founded in and since then the brokers has undergone significant developments. Exness accepts traders from South Africa, in fact it is one of the the fastest-growing ZAR Account brokers in the country.
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Exness is also the inner of the prestigous SA Shares award for the fastest growing broker on the African continent. The Exness brand is represented by three different corporate entities. FXTM is a well-regarded broker with a strong focus on educating new traders. There is a good foundation of educational material at FXTM for beginners but maybe a bit lacking in material for the more advanced trader. By keeping the focus on beginners looking for reasonable trading conditions, FXTM has created a welcoming and user-friendly environment for new traders.
For the absolute beginner, FXTM has a great deal of training material to help new traders get started. For the more advanced trader, there is an additional set of videos that cover analysis topics, and more detail on chart reading techniques. XM Group is considered to be one of the brokers in the market with the most extensive experience and in-depth knowledge of the global financial market.
XM Group is a good broker and for beginners, there are vast quantities of educational material, market analysis, webinars, and seminars held around the world. There are a few things that make Alpari attractive and unique to both beginner traders and experienced traders alike. As a Strategy Manager, other traders can copy your trades, and you make a percentage of their earnings. Alpari also offers a variety of account types, advantageous trading conditions, and quality customer service that makes this a good choice for all types of traders. GO Markets is a solid broker with lots of features.
Go Markets probably fits all kinds of traders whether you are a beginner or experienced trader. The broker provides analytics and offers great educational tools. GO Markets offers very low Forex fees. You can be up and running very quickly as both account opening and depositing is super easy and fast. Great customer service and good spreads make it an attractive option. GO Markets is a broker that is well worth considering, especially if you are a Forex trader.
Overview: Forex Broker Comparison Table
IG is one of the most regulated and trusted platforms globally and offers traders an extensive list of tradeable products, excellent research and trading tools, as well as industry-leading educational support, and competitive rates. IG is one of the few platforms that serve traders of all experience levels, whether beginner or an experienced trader. Plus CFD platform is suitable for experienced traders only. Less is sometimes more when first starting out in the oftentimes overly complex world of Forex trading.
Plus lacks depth when it comes to trading tools and research as well as comprehensive educational resources for more experienced or growing traders. Plus platform is suitable for experienced traders only. EasyMarkets is an easy to use and intuitive platform for beginners because of the unique features it offers in its proprietary trading platform. EasyMarkets is pricey, however, offers only a small selection of tradeable products, and lacks market research. Saxo Bank is a trusted name in Forex trading with a long track record, banking background, and is regulated by top-tier financial authorities.
For traders that can afford the high minimum deposit, Saxo Bank provides a complete package worth being a customer for, under a global brand that traders can trust. The main downside of eToro is its high pricing; otherwise, eToro delivers. CMC Markets offers an excellent fit for new traders with its great educational resources. The CMC Markets Next Generation platform delivers terrific tools, comprehensive market research, an excellent mobile app, and a wide selection of nearly 10, tradeable instruments. Oanda Developed within academia, Oanda has grown and built a reputation for being a trustworthy exchange and the most trusted retail Forex platform.
Oanda offers a great and easy-to-use web trading platform, and a quick and user-friendly account opening process with no minimum deposit. Pepperstone provides Forex and CFD traders with competitive pricing, excellent customer service, and one of the largest selections of third-party platforms, including numerous options for social copy trading although its offering is a small set of tradeable products. While Pepperstone lacks a proprietary platform, it offers nearly every third-party platform a trader could ever want to use.
FXCM focuses on traders who want to learn how to start trading in the financial markets.