As such we may earn a commision when you make a purchase after following a link from our website. The default MT4 package comes with 30 built-in indicators, but there is the option to bolt-on dozens more. It is also available in a WebTrader format, which means when you’re trading with Tickmill, you have https://en.wikipedia.org/wiki/Bitcoin a variety of ways to keep in touch with the markets.

XTB Trading Platform

Forex traders particularly https://agc-investment.com benefit from FXTrader, which offers an extensive range of features tailored to enhance their trading experience. With support for over 20 different order types, traders can execute various strategies with ease. Additionally, the broker is known for its highly competitive spreads, advertising rates as low as 1/10 pip. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.sa.fxexplained.co.uk is an affiliated partner with various forex brokers and may be compensated for referred forex traders.

Base Currency: USD or ZAR?

As a result, it has a strong reputation in the trading community and has https://www.reddit.com/r/Bitcoin/ picked up a pile of industry awards. It has a strong focus on regulatory compliance and is licensed by seven different global regulators. As well as being trustworthy, AvaTrade demonstrates a willingness to introduce neat new ideas, which makes trading easier. Born in Hungary in 1952, George Soros began trading while at school. He developed a strategy of taking highly-leveraged positions based on movements in currency rates, and in 1992 that strategy paid off, becoming the ‘man who broke the Bank of England’.

Share this top ten FX brokers in South Africa please

Despite dreams of becoming a neurosurgeon, Neliswe instead forged her path in the foreign exchange market. Her impressive work ethic and market aptitude have led to her becoming Director of Bear Run Investments. Neliswe is now one of the coveted South African currency trading millionaires. Ref Wayne now sits comfortably on any list of the top 5 richest forex traders in South Africa, with an estimated net worth of around $500 million. He’s since accumulated a net worth in the region of $6,7 billion, making him one of the richest forex traders of all time. All of the top trusted Forex brokers we have included in our article offer access to major and most minor pairs.

Popular FSCA Regulated Brokers in South Africa

However, if you are looking for exotic pairs, the more instruments the broker offers, the higher the number of available exotic currencies. Some benefits that clients of Key To Markets receive include ECN technology and fast trade execution, fast withdrawals, access to Standard and Pro accounts, and good customer service. The Financial Services Conduct Authority is an independent authority established in South Africa. It does a great job at delivering most of the functionality of the desktop platform.

Verify the regulatory ratings of each broker to find out how strongly a broker is regulated. Check out the popularity of each broker with other traders, based on their services and products offering. Comapre the minimum account deposit required https://agc-investment.com and the maximum available leverage. Compare the available trading platforms (including the most popular MT4, MT5, cTrader) and which brokers are offering cent accounts (great for beginners or traders with low investments). Confirm which brokers allow scalping, their execution model (ECN, STP, MM) and the available asset classes (including FX, metals and cryptocurrencies). Interactive Brokers is a well-established multi-asset broker recognized for its powerful trading platforms.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. It’s also advisable to read reviews and compare different platforms before making a decision. It allows users to buy, sell and store various cryptocurrencies, such as Bitcoin, Ethereum and Litecoin. Some of the platforms available are used globally; therefore, it is important to make sure that you know what the tax regulations are for you.