The best brokers South Africa Traders Union experts told

Axi, is an award-winning and well-regulated broker in South Africa that was founded by traders to provide comprehensive trading solutions and services to other traders. Traders at TradersUnion have access to over 80 financial instruments that can be traded through Pepperstone, ranging from commodities, currencies, bonds, CFDs, ETFs and many more.

Our ranking includes time-tested, reliable forex brokers that are regulated in the market and are licensed and regulated by international regulators. Alpari allows you to trade Forex on your own or to invest in a PAMM account. Since its inception, this forex broker has focused on providing traders with the best trading conditions, using the latest technology and years of experience. CFDs are complex instruments which carry a high risk of rapidly losing money due to leverage. Between 69% and 78% of retail investor accounts lose money trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to risk losing your money. If by limitation in the choice of trading platforms, you mean the terminal, then it is true that only our own is available.

You can deposit money to your account via bank card or wire transfer and the funds are credited instantly (with the exception of wire transfers).

  • FXOpen is a reliable ECN broker, trusted by over 1 million traders.
  • What beginners often forget is the importance of the support team.

Since 2007 FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission and since 2015 by the best brokers South Africa Financial Services Authority. This factor makes it possible to distinguish a reliable company from scammers, as verified brokers offer assistance in solving any issues, the support team’s answers are correct and aimed at solving the problem. The short and uninformative answers often show that the broker is not interested in the long-term cooperation. The best broker for a newcomer is the one which offers training opportunities. You may check that criterion as easily as possible — you just have a look at the home page of the company. Useful information is usually found in a separate section called “Training” or “Education”. This factor is equally important for beginners and professionals. When choosing a broker, you should first check that you can trust it.

Forex brokers for beginners 

The company has developed specific trading platforms that cover the most demanding needs of today’s forex brokers. These include MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R Trader. And choosing a really reputable and reliable broker minimizes the chance of being conned. Unfortunately, it will not protect you from risks, but that is the trader’s way. If you intend to work with several stocks of the largest foreign companies, you can make do with European brokers.

It currently employs over 200 people in a rapidly expanding global network of offices. City Index, is a spread betting and CFD broker headquartered in London. The XTB trading platform is designed to help you achieve your trading ambitions.