Fx, foreign exchange or the forex market is the world’s most liquid and largest financial market. We are here to guide you and explain the fx market, where the exchange of currencies (e.g. USD, EUR, bitcoins) takes place.

Latest Analysis

Stocks grind higher; US Dollar trying to turn back positive

Macroeconomic/ geopolitical developments An extremely quiet week, with no significant central bank activity, no notable macroeconomic data releases and with… Continued

The US Dollar sends negative signal, but the Pound stays strong!

Dollar Index confirms negativePound breaks upEuro-Pound confirms downside break Continued

US Dollar 2021 strength is trying to resume

The US dollar has seen significant gains versus major currencies in early 2021This was assisted by higher US yields in… Continued

Currency Converter

Top Brokers in South Africa, all regulated by FSCA

Broker Pros Features  
Founded: 2016 Reg: CySEC...
HQ: Cyprus...

- Tight Spreads and Zero Commission.
- Free access to webinars.
- More than 2000 instruments.

Min. Deposit: $100
Leverage: 1:2, 1:5, 1:10, 1:20, 1:30
Withdrawal Process Time: 2 Days
Trust Score: 91/100
Founded: 2006 Reg: Central...
HQ: Ireland...

- Regulated by FSCA.
- 20% New Member Bonus.
- Global regulated broker across 5 continents within 6 jurisdictions
- Superior trading conditions for short selling/scalping
- Ultra low spreads with fast and reliable order execution
- Wide range of educational materials
- Innovative trading mobile apps  (AvaTradeGo, AvaOptions, AvaSocial)

Min. Deposit: $100
Pairs Offered: 45+
Leverage: EU - Up to 30:1, Professional Client/ROW up to 400:1
Withdrawal Process Time: 1-2 business days.
Trust Score: 97/100
Founded: 2914 Reg: FMA, FS...
HQ: New Zea...

- 1:500 leverage
- Multi award-winning New Zealand broker
- Institutional-grade spreads from 0.0 pips

Min. Deposit: $200
Pairs Offered: 300+
Leverage: 1:500
Withdrawal Process Time: Within 24hrs
Trust Score: 90/100
Founded: 2013 Reg: FSCA...
HQ: South A...

- Proudly South African - locally domiciled and regulated by FSCA
- Excellent customer service
- Efficient daily withdrawals
- Segregated client bank accounts
- Low cost of business

Min. Deposit: R2000
Pairs Offered: 39
Withdrawal Process Time: 24hrs
Trust Score: 89/100
Founded: Reg: FCA, AS...
HQ: UK...

- Regulated by FSCA
- Enhanced Execution and quality pricing.
- Award-winning trading platform – Trading Station Web/Desktop/Mobile
- Free Access to Exclusive Trading Tools and Services: Trading Signals, Trading Analytics and more
- More than 20 Years of experience in Online Trading Services - Leading Provider

Min. Deposit: £300, $50 For ZA and AU
Pairs Offered: 50+
Leverage: 1:30 (LTD), Up to 400:1 FX and 200:1 CFD (ZA/AU/MARKETS)
Withdrawal Process Time: Depends on Credit Card Issuer. Bank Wire two business days
Trust Score: 95/100
Founded: 2020 Reg: FCA, FS...
HQ: UK...

- Tight, fixed spreads (CoreTrader2 only)
- Regulated by FCA, ASIC, FSCA and SCB
- Loyalty Scheme
- Easy-to-use trading platform

Min. Deposit: $0
Pairs Offered: 26+
Leverage: 1:30
Withdrawal Process Time: 2-5 business days
Trust Score: 90/100

What is FX Explained and why are you here?

  • Are you from South Africa and interested in Forex Trading and just do not know where to start?
  • Do you have questions about the legality of forex trading in South Africa?
  • Are you currently trading and struggling, finding it difficult to achieve consistent profits?
  • Do you not fully understand some of the language being used on other FX or Trading websites?
  • Are you having difficulty choosing the best broker in South Africa?

FX Explained South Africa is here to help and guide you.

We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing. Originally we successfully helped UK traders and now we aim to help all traders in South Africa as well. Today it is legal to trade forex in South Africa as long as you pay income tax on any profits. And, needless to say, you need to abide by all financial laws and not be involved in money laundering. Laws and regulations have been set in place by the Financial Sector Conduct Authority (FSCA) to ensure the safety of traders from South Africa. Brokers, regulated by FSCA, will have to treat traders fairly and they have to provide a legal process to their clients where clients easily can resolve issues that may arise with the broker. All profits that South African traders make need to be declared to the South African Revenue Service (SARS) in their yearly self-assessment tax return. And then income tax, between 18% and 45% has to be paid on the profits.

Whether you are a complete novice, or seasoned veteran, we believe that our high level of fx expertise and knowledge about South Africa, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works for traders in South Africa.
  • Offer trading tools that you can use in your everyday trading.
  • Provide a comprehensive knowledge base that you can draw on.
  • Help you decide who you should trade with and pick the best Broker for you when trading from South Africa.
  • Provide timely updates on important FX developments (via email).

We welcome all traders from South Africa to join the global FX Explained community and to help you become better traders! We don’t show you how to trade, we help you to become a Trader!

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