Adam Rosen - Lead financial writer
South Africa Forex brokers have seen huge growth over the last 2 years. South African traders have been attracted to Forex markets and South Africa Forex trading platforms.
South Africa Forex trading has always been popular but the advent of modern internet driven South Africa Forex trading platforms and South Africa Forex trading apps that work on mobile phones and tablet devices. Never before have South Africa Forex traders found trading global Forex markets more accessible.
The largest South Africa Forex brokers accept clients from several countries and provide South African Forex traders with trading access to worldwide financial markets not just Forex.
🤴 IC Markets is Used By: 180,000
⚡ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
IC Markets Risk warning : Losses can exceed deposits
🤴 Roboforex is Used By: 10,000
⚡ Roboforex is Regulated by: Financial Services Commission (FSC) License 000138/437
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Roboforex Risk warning : Losses can exceed deposits
🤴 AvaTrade is Used By: 200,000
⚡ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
AvaTrade Risk warning : 71% of retail CFD accounts lose money
🤴 FP Markets is Used By: 10,000
⚡ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
FP Markets Risk warning : Losses can exceed deposits
🤴 NordFX is Used By: 10,000
⚡ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
NordFX Risk warning : Losses can exceed deposits
🤴 XTB is Used By: 250,000
⚡ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision 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
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
XTB Risk warning : 76% - 83% 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.
🤴 Pepperstone is Used By: 89,000
⚡ Pepperstone is Regulated by: 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
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
🤴 XM is Used By: 10,000,000
⚡ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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.
🤴 FXPrimus is Used By: 10,000
⚡ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
FXPrimus Risk warning : Losses can exceed deposits
🤴 easyMarkets is Used By: 142,500
⚡ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
easyMarkets Risk warning : Your capital is at risk
🤴 Trading 212 is Used By: 15,000,000
⚡ Trading 212 is Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
💵 What You Can Trade with Trading 212: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Trading 212: 10000
📈 Trading 212 Inactivity Fees: No
💰 Trading 212 Withdrawal Fees: No
💰 Trading 212 Payment Methods: Credit cards, MasterCard, VISA, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Dotpay, Carte Bleue, Direct eBanking, Apple Pay, Google Pay, iDeal, Giropay,
Trading 212 Risk warning : 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.
🤴 SpreadEx is Used By: 10,000
⚡ SpreadEx is Regulated by: Financial Conduct Authority (FCA)
💵 What You Can Trade with SpreadEx: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds, Options, Treasuries,
💵 Instruments Available with SpreadEx: 15000
📈 SpreadEx Inactivity Fees: No
💰 SpreadEx Withdrawal Fees: 0, minimum £50
💰 SpreadEx Payment Methods: Credit cards, VISA, Switch, Maestro, Debit cards, Bank Transfer, Payoneer,
SpreadEx Risk warning : Losses can exceed deposits
🤴 Admiral Markets is Used By: 10,000
⚡ Admiral Markets is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Jordan Securities Commission (JSC)
💵 What You Can Trade with Admiral Markets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Admiral Markets: 148
📈 Admiral Markets Inactivity Fees: No
💰 Admiral Markets Withdrawal Fees: No
💰 Admiral Markets Payment Methods: Credit cards, Visa, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, SOFORT, Safety Pay, Przelewy, iDEAL, Klarna,
Admiral Markets Risk warning : Losses can exceed deposits
🤴 Markets.com is Used By: 4,000,000
⚡ Markets.com is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC)
💵 What You Can Trade with Markets.com: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, Bonds,
💵 Instruments Available with Markets.com: 2200
📈 Markets.com Inactivity Fees: Yes
💰 Markets.com Withdrawal Fees: No
💰 Markets.com Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Skrill, Neteller, PayPal,
Markets.com Risk warning : 67% 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
🤴 HYCM is Used By: 10,000
⚡ HYCM is Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
💵 What You Can Trade with HYCM: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,
💵 Instruments Available with HYCM: 100
📈 HYCM Inactivity Fees: Yes
💰 HYCM Withdrawal Fees: No
💰 HYCM Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer,
HYCM Risk warning : Losses can exceed deposits
🤴 Axi is Used By: 10,000
⚡ Axi is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Financial Service Authority of St. Vincent and the Grenadines (FSA)
💵 What You Can Trade with Axi: Forex, Minors, Cryptocurrencies, Majors, Exotics,
💵 Instruments Available with Axi: 100
📈 Axi Inactivity Fees: No
💰 Axi Withdrawal Fees: No
💰 Axi Payment Methods: Credit cards, Debit cards, Bank Transfer, Neteller, BPAY, UnionPay, Payoneer,
Axi Risk warning : Losses can exceed deposits
🤴 ThinkMarkets is Used By: 500,000
⚡ ThinkMarkets is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060
💵 What You Can Trade with ThinkMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with ThinkMarkets: 1500
📈 ThinkMarkets Inactivity Fees: Yes
💰 ThinkMarkets Withdrawal Fees: No
💰 ThinkMarkets Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, BitPay,
ThinkMarkets Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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
🤴 Swissquote is Used By: 300,000
⚡ Swissquote is Regulated by: Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS)
💵 What You Can Trade with Swissquote: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Bonds,
💵 Instruments Available with Swissquote: 100
📈 Swissquote Inactivity Fees: No
💰 Swissquote Withdrawal Fees: $10
💰 Swissquote Payment Methods: Credit cards, Debit cards, Bank Transfer, Payoneer,
Swissquote Risk warning : Losses can exceed deposits
🤴 ForexMart is Used By: 10,000
⚡ ForexMart is Regulated by: Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with ForexMart: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with ForexMart: 111
📈 ForexMart Inactivity Fees: No
💰 ForexMart Withdrawal Fees: 5
💰 ForexMart Payment Methods: Bank Transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay, AliPay,
ForexMart Risk warning : Your capital is at risk
🤴 ForTrade is Used By: 1,000,000
⚡ ForTrade is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
💵 What You Can Trade with ForTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Bonds,
💵 Instruments Available with ForTrade: 100
📈 ForTrade Inactivity Fees:
💰 ForTrade Withdrawal Fees: No
💰 ForTrade Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer,
ForTrade Risk warning : Your capital is at risk
Forex brokers are companies that act as the middleman between you, the individual or business wanting to trade currencies, and the various Forex exchanges around the world. Forex brokers provide a platform for individuals and businesses to trade Forex currencies with other people in different countries at any time of day.
Some South Africa Forex brokers are subsidiaries of larger financial organisations that offer stocks, commodities, cryptocurrencies, CFD trading as well as Forex trading to South African traders. Others South Africa Forex brokers are small companies or individuals who specialise in foreign exchange trading for South African residents.
Major currency pairings are covered by most South Africa Forex brokers, while minor and exotic currency pairs are not always available on all South Africa Forex trading platforms. If you want greater access to the global Forex markets make sure your South Africa Forex broker offers a wide range of major, minor and exotic currency pairs to trade.
Major Currency pairs represent the largest or most liquid markets in the world. Major currency pairs and are traded by South Africa and international banks, fund managers, retail Forex traders and professional Forex investors. The major currency pairs include EUR/USD, GBP/USD, AUD/USD, NZD/USD.
| Major Forex Currency pairs On South Africa Trading Platforms | |
|---|---|
| British pound/US dollar | GBP/USD |
| Euro/US dollar | EUR/USD |
| US dollar/Japanese yen | USD/JPY |
| US dollar/Swiss franc | USD/CHF |
| US dollar/Canadian dollar | USD/CAD |
| Australian dollar/US dollar | AUD/USD |
| New Zealand dollar/US dollar | NZD/USD |
Minor pairs are those that do not contain the US Dollar. Cross-currency pairs are another name for them.
| Minor Forex Currency pairs On South Africa Trading Platforms | |
|---|---|
| Euro / British pound | EUR/GBP |
| Euro / Switzerland | EUR/CHF |
| Euro / Canadian Dollar | EUR/CAD |
| Euro / Australian dollar | EUR/AUD |
| Euro / New Zealand | EUR/NZD |
| Euro / Japanese | EUR/JPY |
| British pound / Switzerland | GBP/CHF |
| British pound / Japanese yen | GBP/JPY |
| British pound / Australia | GBP/AUD |
| British pound / Canadian Dollar | GBP/CAD |
| British pound / New Zealand | GBP/NZD |
| Swiss franc / Japanese yen | CHF/JPY |
| New Zealand dollar / Japanese yen | NZD/JPY |
| Australia / Japanese yen | AUD/JPY |
| Canadian Dollar / Japanese yen | CAD/JPY |
Exotic currency pairs comprise all other combinations that do not fall under any other category such as cross or exotic pair. In general, these are low-volume markets due to less popularity amongst traders because of their relative obscurity. However, they provide exciting opportunities for high returns which can't be achieved otherwise by trading in major pairs like EUR/JPY or USD/CHF etc. Some examples of these are DKKUSD (Danish Krone against US Dollar) or BWPUSD (Botswana Pula against US dollar).
| Exotic Currency pairs On South Africa Forex Trading Platforms | |
|---|---|
| British pound / South African rand | GBP/ZAR |
| Japanese yen / Norwegian krone | JPY/NOK |
| New Zealand dollar / Singapore dollar | NZD/SGD |
| United States Dollar / Hong Kong dollar | USD/HKD |
| Australian dollar / Mexican peso | AUD/MXN |
| United States Dollar / Hong Kong | USD/HKD |
| United States Dollar / Singapore | USD/SGD |
| United States Dollar / Mexico | USD/MXN |
| United States Dollar / Denmark | USD/DKK |
| United States Dollar / Sweden | USD/SEK |
| United States Dollar / South Africa | USD/ZAR |
| United States Dollar / Thailand | USD/THB |
| Euro / Turkish lira | EUR/TRY |
Many modern South Africa Forex brokers offer South African traders leveraged Forex trading using Forex CFDs. Before considering Forex leveraged trades make sure you fully understand what you are doing. Forex CFD trading is considered very high risk.
South Africa Leveraged Forex trading, allows South African traders to borrow money from a South Africa Forex broker in order to trade at greater exposure to the financial markets then their deposited amount. Clearly understand that you are not trading really currency assets with your South Africa Forex broker. A Forex CFD trade is purely a speculative trade on the up or down price movements of a specific currency pair, with your chosen South Africa Forex broker.
Some South Africa Forex brokers offer leverage of 1:5 to 1:500. A leverage of 1:5 from a South Africa Forex broker allows a South Africa trader to trade 5 times the margin amount. This is of course high risk and should only be used by experienced traders. If your South Africa Forex account goes negative you may lose more than you deposited amount.
South Africa Forex Brokers earn money by charging fees and commissions to South Africa Forex traders for every buy / sell action performed on their South Africa Forex trading platforms. Other South Africa Forex brokers make money by marking up the prices of currency assets South Africa Forex traders can trade.
Spread, or the difference between the buying and selling price of a currency pair, is how most South Africa Forex brokers generate money. Forex spreads are measured in pips.
Variable spreads simply pass on the best bid and offer prices available at the time, with the amount of variability varying depending on the item traded and the South Africa Forex broker utilised. Variable spreads are frequently less expensive than fixed spreads, particularly during periods of high liquidity.
Fixed spreads, unlike variable spreads, are determined by the South Africa Forex broker and remain constant regardless of market conditions or volatility. You pay the spread that is given to you by your South Africa Forex broker.
What ever level of trader you are always check what educational resources your South Africa Forex broker offers. Many of the larger more established South Africa Forex brokers offer guides, podcasts, webinars, online videos and courses to their registered South Africa traders.
South Africa Forex traders must understand, trading the international currency markets is not easy. The South Africa and global currency markets can be volatile. Trading education helps South Africa Forex traders limit and mitigate risk, understand South Africa and global market trends to spot opportunities to buy and sell your currency pairs.
It is of up most importance that you only trade with well regulated South Africa Forex brokers.
South Africa Forex financial market authorities and financial regulators establish very strict rules that South Africa Forex brokers must follow in order to be able to legally offer their South Africa Forex broker services to South African Forex traders. These rules safeguard South African investors and keep everything in above board, making South Africa Forex trading safer.
South Africa Forex brokers records and general affairs are scrutinised by financial regulators to verify that they adhere to all financial and ethical standards.
When shortlisting South Africa Forex brokers you must verify that your South Africa Forex broker is regulated and licensed to offer Forex trading services to South African Forex traders. South Africa Forex trading license verification can be found on the financial regulators website. You should see a regulator license number that you can check on the main financial regulators website.
A South Africa Forex broker that holds regulation with Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) is good.
South Africa Forex scams are committed by unregulated often remotely offshore companies who offer get rich schemes to South Africa Forex traders, automated Forex get rich programs, South Africa Forex signal sellers. They take advantage of inexperienced South African Forex traders who do not know how the financial markets work by offering them unrealistic gains, or by making South Africa Forex trading seem easy if you use their service or tools.
South Africa Forex trading is very complicated and it takes time to learn how to use the Forex technical analysis tools and monitor Forex trends on global markets.
South Africa Forex scams occur when a broker offers unrealistic returns on investments or intentionally manipulates prices in order to make trades seem more profitable than they actually are. The best way to avoid being scammed is to understand how South Africa Forex trading works and avoid things that sound too good to be true. Only sign up with a South Africa Forex broker is regulated by a major European financial regulator, like the FCA, or CySEC.
If South Africa isn’t quite what you are looking for you can check out some of the best South Africa alternatives below.
If you would like to see South Africa compared against some of the best South Africa Forex Broker alternatives available right now you can do so by clicking on the links below.