Forex Trading South Africa reviews by professional FX trading experts, In this article you will know about how to open online FX trading account with the best Online Forex Trading South Africa Brokers.
Online Forex Trading South Africa For Beginners
What is Forex Trading?
Forex is an investment opportunity whereby you can make money online by trading one or more foreign currencies for another at an agreed exchange price in the online over-the-counter (OTC) Forex trading market (Fx trading).
The FX trading market involves free-floating currencies (or those not supported by any specific material like silver or gold), which are treated like goods in the Fx trading market. You can buy Euro dollars by paying Australian dollars or you can buy the Japanese Yen by paying U.S. dollars, etc.
Profits and losses in the online Forex market are based on fluctuations in the values of different currencies, with the two most widely traded currencies being the U.S. dollar and the Euro (kings of currencies). The Japanese Yen, Canadian Dollar, Australian Dollar and New Zealand Dollar are also popular for currency exchanges.
Best Online Forex Trading South Africa Brokers
Below is list of the best online Forex trading South Africa brokers, However most of them are not based in South Africa but they support South African traders.
Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Stocks and Forex trading along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.
Plus500 is a company providing online trading services to retail customers. Plus500 broker provides Stocks and binary options trading.
IG Group is a UK-based stock company, While the majority of the IG Group’s activities are based in the UK, the company has expanded internationally. IG Markets is the oldest broker.
CMC Markets is a UK-based financial derivatives dealer. The company offers online trading in spread betting, contracts for difference and foreign exchange across world markets.
24option is one of the world’s leading binary options trading platforms. Trade binary options on 60-second options of commodities, indices ,stocks and Forex.
HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom.
eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.
ETX Capital broker provides Forex, Spread betting and CFD trading options for all types of investors – from tools and education to trading.
Markets.com broker offers seamless trading of over 300 trading assets. Trade stock, indices, currency, Binary options and CFDs with zero commission or fees on our top notch trading platforms, mobile or web.
AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
The XM.com CFD broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FSA).
Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK where it is registered and strictly regulated by the Financial Securities Authority (FSA), Alpari UK has merged with Alpari Global and Alpari US is registered with and overseen by a number of regulatory agencies.
FXTM is an acronym for ForexTime.com, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK.
The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003.
London Capital Group
London Capital Group Ltd was founded in 1996 in the United Kingdom and regulated by the Financial Conduct Authority (FCA) of the UK. LCG trading began offering capital spreads in 2003.
Fxstay UK broker provides professional Forex managed accounts service to its clients.
TD Ameritrade UK is an online broker. TD Ameritrade Holding Corporation is the owner of TD Ameritrade Inc.
FMR LLC or Fidelity Investments is an American multinational financial services corporation and support Canadian traders.
Interactive Brokers Group Inc is a true online ECN brokerage, You can trade bonds, stocks, Forex, options and futures in bulk orders with this broker.
The Forex.com broker Owned by parent company GAIN Capital . Operating since 1999, FOREX.com was a first mover in bringing currency markets to the retail trader.
Forex Capital Markets, better known as FXCM, is an online stock broker based in the United States.
OANDA broker is a Canadian-based company, In 1996, OANDA Corporation, the US subsidiary, was incorporated in the state of Delaware.
Other Best Online Forex Trading South Africa Brokers
The brokers list below is without Any Rating and its just for your information to know more about other brokers, If you want to open demo or live online trading account then use brokers at top of this page, this list will update.
HotForex – InstaForex – GCI Trading – Fxopen – Trade360 – Tradeo – IQ option – Exness –
Best Online Forex Trading South Africa Review Conclusion
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