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What is the best forex brokers in South Africa?

Michael989
Nov 30 2020 at 07:29
9 ieraksti
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.

ovisun
Nov 30 2020 at 08:46
428 ieraksti
Recently Tickmill opened a branch in South Africa.
I have accounts with them for more than 5 years and no problem regarding executions or withdrawals of profit

Michael989
Nov 30 2020 at 10:02
9 ieraksti
Hello,
I will have a look at them, thank you for the tip. Can I have a trading account in ZAR with them?

ovisun
Nov 30 2020 at 15:13
428 ieraksti
USDZAR it is available for trading, but if you wish to have the trading account in ZAR I don't know, you have to contact them and ask about this.

KennyKales
Nov 30 2020 at 15:16
7 ieraksti
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

Jamespaul
Dec 02 2020 at 13:19
24 ieraksti
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.

garrychristians
Dec 29 2020 at 11:17
35 ieraksti
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.

Harlan (HarlanfxRoger)
Dec 30 2020 at 11:50
2 ieraksti
IFX Broker is very good for any south african traders in my opinion. Excellent support

Collingwood112
Jan 01 at 10:18
22 ieraksti
I mostly go with regulated brokers and you can also look for brokers that accept clients from anywhere in the world, not specific to a location. I have used Plus500, LCG, Avatrade, Fxview as my brokers. They all have low transaction fees and the spreads with these are also tight. So you don’t have to worry so much. Just go with the one that suits your trading style.

Jude_craig
Jan 02 at 06:03
71 ieraksti
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?

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