Where forex trading in South Africa begins

Where forex trading in South Africa begins

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Latest News

European stocks plunge (DAX and EURO STOXX 50 forecast)

An even more aggressive “risk off” over the past 24-36 hours, reinforcing the negative, “risk off” signals from mid-October.This is… Continued

Surging COVID-19 cases + No US relief package = Stocks vulnerable

Macroeconomic/ geopolitical developments COVID-19 cases continue to surge across Europe and in the US too.In European and the UK this… Continued

Forex markets sending multiple signals

Euro and Pound reverse higher, BUT post fresh negative signals Friday (EURUSD and GBPUSD forecasts)Aussie holds major weekly support zone (AUDUSD forecast)DollarYen… Continued

Latest Videos

Euro and Pound outlooks mixed as EU-UK talks continue (EURUSD and GBPUSD forecasts)

A mixed US Dollar theme over the past 24 hours across Forex markets, echoing the more indecisive tone over the… Continued

European stocks plunge (DAX and EURO STOXX 50 forecast)

An even more aggressive “risk off” over the past 24-36 hours, reinforcing the negative, “risk off” signals from mid-October.This is… Continued

Market Overview

Currency Converter


Top Brokers in South Africa, all regulated by FSCA

Broker Pros Features  
Founded: 2006 Reg: Central...
HQ: Ireland...
4.9/5
97/100

- 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
Sign Up

71% of retail investor accounts lose money

Founded: 2015 Reg: FSCA...
HQ: South A...
4.5/5
90/100

- FSCA Regulated
- Social Trading Available
- MetaTrader 4 Support
- Excellent Support

Min. Deposit: $200
Pairs Offered: 50
Leverage: Up to 1:500
Withdrawal Process Time: Within a day
Trust Score: 90/100
Founded: 2008 Reg: Plus500...
HQ: Israel...
4.8/5
95/100

- Advanced risk management tools
- 24/7 online support.
- 2000+ instruments.
- 30+ languages.
- All devices.
- 0 commissions.
- Tight spreads.
- Regulated by FSCA

Min. Deposit: $100
Pairs Offered: 70+
Leverage: 1:30
Withdrawal Process Time: 1-3 Business Days
Trust Score: 95/100
Sign Up

80.5% of retail CFD accounts lose money.

Founded: 2002 Reg: FCA, Cy...
HQ: London...
4.6/5
92/100

- 24/5 Customer Support
- Negative Balance Protection
- More than 1500 instruments
- Cryptocurrency trading is available

Min. Deposit: $250
Pairs Offered: 49
Leverage: 500:1
Withdrawal Process Time: 24-48 hours
Trust Score: 92/100
Sign Up 77% of r...
Founded: Reg: FCA, AS...
HQ: UK...
4.8/5
95/100

- 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
Sign Up

73.05% of retail investor accounts lose money

Founded: 2011 Reg: CySEC...
HQ: Cyprus...
4.6/5
92/100

- 50% bonus with every deposit!
- Some of the lowest spreads in the industry
- No commissions or swaps
- Ultra-fast trades execution
- Instant deposits and fast withdrawals

Min. Deposit: $5
Pairs Offered: 48
Leverage: Up to 1:500
Withdrawal Process Time: Within 24 hours
Trust Score: 92/100

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!

Who are we? Learn More

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