finance

Best FX Brokers in South Africa

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There are multiple stock trading platforms accessible in South Africa. Picking the relaxed online broker in South Africa should be named based on the comfort that it provides, securities and authorities, and service character. 

If you are bothering it because you don’t have this much time to spend on every South African broker to get the best out of it, then sweat it because we have done it on your behalf. And you must be surprised to know there are more than 160 online FX brokers in South Africa. So, how can you compare them with each other?

Here’s a thorough guide on the top online trading brokers in South Africa:  

IFX Brokers

IFX brokers is a purely South African broker because it was launched and based in South Africa. Moreover, it is also created for people in South Africa and a few other countries of Africa. This broker is perfect for traders in South Africa, but it is not that good for tarders outside Africa.

It is an entirely regulated, safe and legit broker authorized by the most reputable and reliable financial security authority in South Africa. Yes, we are talking about FSCA (financial security conduct authority). If you want commission-free trading and a wide range of trading instruments simultaneously, IFX brokers are not a bad choice for you.

Globex360

Another South African broker that was specially created for traders in South Africa and Africa. But it has an extremely special feature that attracts many traders towards itself, at least in Africa and especially in South Africa. And that extra and amazing feature is Globex360 min deposit.

You must be wondering about what is so peculiar in minimum deposit. Right? Then you will be more surprised to know that the minimum deposit of this South African broker is just 25 USD. And when we researched, then we got that other brokers of the same calibre were asking for more than 100 USD as a minimum deposit. 

Markets.com

If you have heard about FX trading in recent times and you don’t know much about the industry and market of FX trading, then Markets.com is a quite good option for you. Because it offers almost every important feature that a beginner wants.

But there is a drawback of working with Markets.com. You will have to pay a specific fee if you want to get out of Markets.com. So, if you ever made up your mind for Markets.com, then always remember that you should not get out of it.

Blackstone Futures

Blackstone Futures is an extremely strictly regulated broker of South Africa. You can also say that it is one of the most strictly regulated brokers in South Africa. So, you should never be afraid or worried about your money and assets while working with it. It is regulated by FSCA (financial security conduct authority) because it is the best financial security authority in South Africa.

Conclusion

If you are fascinated with any of these brokers, don’t forget to know more about them before deciding anything.