Blog

Which trading platform is the best in South Africa?

by Author

Which trading platform is the best in South Africa?

Best South African Forex Brokers

  • OctaFX – Forex broker with Low Spread & Copy Trading.
  • Exness – Low minimum deposit forex broker in South Africa.
  • XM Trading – Fast Execution & low spread.
  • AvaTrade – Fixed spread forex broker.
  • Plus500 – Good Crypto CFD platform.
  • IC Markets – Best ECN Forex Broker.

Can I use Hugosway in South Africa?

A few new players in the forex broker market, including Hugosway, are not governed by any regulations. This means they can offer unlimited leverage and offer promotional bonuses and other benefits that at face value may make them appealing to South African traders. It is strongly recommended not to choose such brokers.

READ:   Who was responsible for Nanjing?

Who is the best forex trader in SA?

Ref Wayne
Ref Wayne. Ref Wayne is the best and most successful Forex trader in South Africa. Ref Wayne has developed the trading skills that he could transfer into the business after he was suffering from a lack of career development opportunities growing up.

Does Hugosway work in Africa?

Hugo’s Way offers a wide variety of instruments, including 24/7 trading on 35 Cryptocurrency Pairs with leverage of up to 1:100….About Hugosway.

🗺️ Registered in St. Vincent and the Grenadines
🗺️ Type of License Offshore License
🛡️ Is Hugosway safe to trade No

Which broker uses rands?

Comparison of Forex Brokers that have ZAR Accounts

ZAR Account Forex Broker Regulation Leverage
Hotforex ZAR Account FSCA, FCA, CySEC up to 1:1000
Exness ZAR Account FCA, CySEC, FSCA 1:2000
XM ZAR Account ASIC. CySEC 1:888
Plus500 ASIC, FCA 1:300

Is KOT4X better than Hugosway?

KOT4X offers 1:100 leverage for crypto, but this is still higher than the average forex broker. Hugo’s Way also gives 1:100 leverage for trading cryptocurrencies. As for indices and all commodities, you can have up to 1:200 leverage on KOT4X, which is again more than normal.

READ:   How do I get rid of my ex girlfriend for good?

Is IC Markets good broker?

IC Markets is an Australia-based global forex broker founded in 2007. IC Markets is considered safe because it is regulated by the top-tier ASIC. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Is Capitec good for forex?

Yes. Forex trading is made available through Mercantile Bank which is a division of Capitec Bank. Capitec clients must contact Capitec Forex in order to register their interest and Capitec will arrange to open a Mercantile trading account which will be linked to the client’s Capitec account.

Does Skrill support Capitec?

In South Africa, Skrill works with 4 of the 5 big banks, with the exception being Capitec. You can save your bank account details and then send the money to your bank. With Absa, which I tested it on, you will receive a notification after payment is made.