What is the best forex brokers in South Africa?
Nov 30, 2020 at 07:29
Vues 527
14 Replies
Membre depuis Dec 14, 2019
posts 9
Nov 30, 2020 at 07:29
Hello, I want to know your opinion about the best forex brokers in South Africa. Who do you think is the best one? I am looking for a trustworthy and reliable company with low spreads or commissions. So far I came across two solid brokers that are in accordance with https://www.fsca.co.za/Fais/Search_FSP.htm regulated by the FSCA - Plus500 and AvaTrade, suggested in the article - https://tradingbeasts.com/best-forex-brokers-in-south-africa/. Which one do you think is a better option for me? So far I am leaning towards Plus500 as they offer to have an account in Rands. But I am open to other suggestions too! Thanks.
Membre depuis Dec 14, 2019
posts 9
Nov 30, 2020 at 10:02
Hello,
I will have a look at them, thank you for the tip. Can I have a trading account in ZAR with them?
I will have a look at them, thank you for the tip. Can I have a trading account in ZAR with them?
Membre depuis Nov 30, 2020
posts 7
Nov 30, 2020 at 15:16
You can search in google rating of forex brokers
or you can visit here rating
forex brokers don't have nationality now
so you can try any that you want
or you can visit here rating
forex brokers don't have nationality now
so you can try any that you want
Dec 02, 2020 at 13:19
If you will be trading majors then your native currency will get converted to USD or GBP or EUR as the base currency anyway. So you can keep your options much wider. Pepperstone, Fxview, Fidelity are some of the regulated brokers with good prices for their clients. I especially find the interface of fxview very easy to navigate through and use.
Membre depuis Jul 17, 2020
posts 35
Dec 29, 2020 at 11:17
You can also try offshore brokers that provide services to clients from any part of the world and are not specific to one region. There are certain tax benefits with them too.
Membre depuis Nov 03, 2016
posts 2
Dec 30, 2020 at 11:50
IFX Broker is very good for any south african traders in my opinion. Excellent support
Membre depuis Dec 05, 2020
posts 81
Jan 02, 2021 at 06:03
HarlanfxRoger posted:
IFX Broker is very good for any south african traders in my opinion. Excellent support
How about the withdrawals? Did you make any?
Membre depuis Nov 03, 2016
posts 2
Jan 05, 2021 at 17:30
Jude_craig posted:HarlanfxRoger posted:
IFX Broker is very good for any south african traders in my opinion. Excellent support
How about the withdrawals? Did you make any?
Yes I have made withdrawels, next day payout. They are regulated with FCSA, spreads are good
Membre depuis Dec 05, 2020
posts 81
Jan 07, 2021 at 07:04
HarlanfxRoger posted:Okay, that's good then.Jude_craig posted:HarlanfxRoger posted:
IFX Broker is very good for any south african traders in my opinion. Excellent support
How about the withdrawals? Did you make any?
Yes I have made withdrawels, next day payout. They are regulated with FCSA, spreads are good
Membre depuis Jul 23, 2020
posts 869
Oct 04, 2021 at 16:20
FSCA is a regulatory body in South Africa. So, choose a regulated broker under FSCA.
Membre depuis Jul 23, 2020
posts 759
Oct 04, 2021 at 17:51
No matter what you choose. Always stick with a regulated one.
Membre depuis Mar 17, 2021
posts 536
Oct 04, 2021 at 20:19
AliaDare posted:Yes. Proper research is badly needed to find the best broker.
There are many websites online where you can get this information.
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