These are the best Forex brokers available to South African traders that we put together as a guide. These are all trusted international brokers which take South African accounts and deposits. While what brokers offer traders are very similar at the core, there are a couple areas that set them apart. If I were new to trading and choosing from this list, I would look to see if a broker takes low deposits, if the broker has social trading in a web-based application, if the broker charges commissions on the trades and also the bonuses that each of them offers first-time depositors.
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You can always sign up and use the demo accounts to find which setup you prefer before depositing. Visit Etoro Leading beginner broker Easy to use platform The range of Forex brokers available is impressive. You can find brokers to work with you on any budget, using a wide range of platforms, and offering multiple account types.
Focus on finding a broker that matches your needs. Every broker is going to claim to be the best, but the trick here is finding out what real people say about them. The people using the broker will speak truth to power. Having a broker gives you access to different charts and analysis, constant reports on the market, someone to help you or handle the trades for you, and it basically allows you to be more of an investor than a trader. This minimizes risk and maximizes profit. Not every broker is going, to be honest.
This is where vetting comes into play.
However, on principle, brokerages are businesses and businesses need to profit. So you will find that a legitimate broker is honest and is very concerned about helping you make money.
Your success is in their best interest. Some brokers have proprietary software while others use popular platforms like MT4, cTrader, and other software packages. No matter which type of platform it is, however, every broker is going to offer something to you.
South Africa has a lot of rules and regulations in place making it difficult for investments, but not impossible.
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The money is exchanged elsewhere. Just be careful of scams. Every Forex trader is different in his or her needs and desires, so there is no one-size-fits-all broker.
Take your time to choose the best platform, the best account, and make sure you understand the risks involved.
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Forex Brokers Accepting South African Clients. Home Forex Brokers Accepting South African Clients.
Forex Brokers Accepting South African Clients These are the best Forex brokers available to South African traders that we put together as a guide. CM Trading Features Bonus Regulators Next Step Visit CM Trading Regulated in South Africa Local Nedbank Depositing Being in South Africa is often frustrating when we have to wait for Europe to open to make deposits, so if you are looking to have more flexibility, CM could be good for you.
AvaTrade Features Bonus Regulators Next Step Visit AvaTrade Regulated in South Africa If you are a beginner looking to start trading in South Africa, AvaTrade is highly recommended. Easy Markets Features Bonus Regulators Next Step Visit Easy Markets Free Signals for TradeForexSA signups! Works with MetaTrader platform Offers a mobile version of the platform Leverage of 1: While the website and the sign-up process could be easier, the staff are welcoming and helpful if they are called upon to help out.
This broker has huge leverage, and tight spreads but to mitigate risk hedging is allowed. If you are a seasoned trader or want to learn with many of the features at your disposal then Trading Point is for you. This broker has no minimum on the micro and zero accounts making it hugely attractive for newcomers too. Etoro Features Bonus Platforms Next Step Visit Etoro Leading beginner broker Easy to use platform Trade Features Bonus Regulators Next Step Visit Trade Free Signals for TradeForexSA signups!
CrowdTrading — follow the best, and win with the best. There has been a shift in this industry with new brokers focusing more on the needs of the traders than the need to maintain a strict banking persona. Trade offers a new CrowdTrading approach which is fresh and fully regulated under European law.
All Trade features are available in your browser, so no additional downloads are needed and thus depositing money into your account is made easy. Expect free market analysis, real-time alerts to trading opportunities, and even training from Trade What should I focus on? How can I vet my broker? Why do I need a broker in the first place? Will my broker help me earn money?
What platform or software will my broker offer? What types of currencies and commodities should I look for? A Final Note Every Forex trader is different in his or her needs and desires, so there is no one-size-fits-all broker.
Sign up for our Newsletter! XM AvaTrade Easy Markets FxPro XTrade Youtrade FX TrioMarkets Etoro CM Trading Markets. Risk Warning Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is really important that you do not trade any money that you can afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose.
Best of the Best How does Forex Trading Work? Forex Brokers Forex Education Binary Options Newsletter About Us Blog. Top Brokers CMTrading AvaTrade Easy Markets Etoro XM Trade Regulated in South Africa Local Nedbank Depositing Regulated in South Africa I like Avatrade because it is a well-established broker that covers all the basics, and does them well.
Free Signals for TradeForexSA signups! Ultra-thin spreads as low as Zero Pips making trading even more profitable No minimum deposit on micro accounts Available to South Africans.
Leading beginner broker Easy to use platform Etoro has an extremely successful user base which has enabled it to create an effective social trading tool which encourages traders to follow other successful traders in the brokerage. Trade is a modern broker.