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Overall Rating

98.5%

"Top Forex Broker in SA"

Customer Support
98%
Very Good
Education
99%
Very Good
Demo Account
98%
Very Good
Deposits
99%
Very Good
Withdrawals
100%
Very Good
Trading Platform
97%
Very Good

Forex Brokers in South Africa

Expert option logo

Quotex

4.9
Demo account Yes
Minimum deposit $10
Minimum Deposit: $10
Quotex began providing services to traders in 2014 and currently executes in more than 30 million deals monthly . The brand currently boasts 9 million customer accounts.
Deriv logo

Deriv

4.5
Demo account Yes
Minimum deposit $10
Minimum Deposit: $10
Deriv is an offshore broker offering both binary options and standard forex and CFD trading
Exness

Exness

5
Demo account Yes
Minimum deposit $ 150
Minimum deposit: $ 150
Exness is FSCA & FCA regulated, which are 2 Top Tier regulators, so we consider them to be safe.
IQ Option logo

IQ Option

4.6
Demo account Yes
Minimum deposit $10
Minimum Deposit: $10
IQ Option was first introduced to the binary options traders across the world back in 2013.
Hycm Logo

Hycm

4.6
Demo account Yes
Minimum deposit $100
Minimum deposit: $100
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider
Easy Markets logo

Easy Markets

4.8
Demo account Yes
Minimum deposit $150
Minimum Deposit: $150
Easy Markets is an award-winning forex and CFDs trading platform launched in 2001 as the world’s first web-based trading platform.

Forex market has different players. this point i would like to present you a replacement Forex broker – FXGM ZA.This broker may be a South Africa online trading broker operated by Unum Capital (Pty) Ltd. the corporate operates only in South Africa and functions within the South African applicable laws and regulations.

The main goal of the corporate helps its customers maximize profit. They created a platform that gives a singular combination of powerful tools, easy to use interface, intuitive controls and straightforward navigation. These features combine to supply a satisfying experience for any sort of investor.

FXGM ZA Best Forex Broker in SA

The broker also offers knowledgeable mobile app, which is out there to all or any clients for free of charge . The FXGM ZA app provides trading tools just like the Economic Calendar, market updates, and up-to-the-minute analysis.Trading with FXGM ZA, either on the online or the app, gives traders access nearly to 140 tradable assets on one trading platform.

Regulation

The broker is regulated by the South Africa Financial Sector Conduct Authority (FSCA) with the license FSP Authorization No. 564. FXGM South Africa (Pty) Ltd operates as a licensed Juristic Representative of Unum Capital (Pty) Ltd. FXGM ZA traders enjoy services adherent to the local laws and financial requirements.

Education

FXGM ZA provides various educational resources which will be useful to starters and experienced traders. the tutorial resources give their clients access to all or any the knowledge necessary to thrive within the trade. a number of these resources are presented in sort of eBooks and Webinars.

Account Types

There are five special sorts of live trading accounts. This variety is important to accommodate the varied level of traders. All five accounts come with: Free e-book, Free Training, Free Webinars, Personal Account Manager, Trading insider, One Click Trading, crop up ALERTS.

Junior Account

The minimum deposit to open a Junior account is between $200 – $9,999. A junior account user enjoys all the common features listed above.

Premium Account

The premium account requires an initial deposit between $10,000 – $29,999. The premium account users have access to Trading Central additional to the features listed above.

VIP Account

The additional features of the VIP account are:

  • Trading Central
  • Spread discount on FX Majors
  • Spread discount on Commodities
  • Spread discount on Indices
  • The initial funding of the VIP account is between $30,000 – $49,999.
  • Executive Account
  • The Executive account offers;

Trading Central

  • Spread discount on FX Majors
  • Spread discount on Commodities
  • Spread discount on Indices
  • The initial fee of $50,000 – $99,999 is required to line this account.

Royal Account

The Diamond account gives trader access to;

  • Trading Central
  • Spread discount on FX Majors
  • Spread discount on Commodities
  • Spread discount on Indices
  • A trader needs an initial fund above $100.000 to line up this account.
  • Trading Platform
  • FXGM ZA provides traders with two trading platform to settle on from: the WebPROfit Platform and therefore the Mobile PROfit Platform.

The Web Profit platform provides a satisfying experience in an exceptional trading environment. PROfit is one among the leading trading platforms, and it’s popular among online traders. It doesn’t require a download, the platform offers numerous trading tools, news feeds and supports directly from the platform.

The Mobile Profit offers traders a chance to download FXGM ZA app for free of charge on Android and IOS powered phones. The app allows instant execution of trade directly from your phone.

The Profit gives both the beginners and professional traders equal opportunities to trade an exceptional trading environment. The interactive platform provides a singular interface and advanced trading features. It also allows you to style your own layout and edit your workstation to fit your specific need. most significantly , Profit has two unique formats on the trading platform menu, one for the Beginners and therefore the other for Professional Traders.

Deposits and Withdrawals

One of the foremost important factors to think about when choosing a web trading broker is simple payment. FXGM ZA adopts easy payment methods. Payment could also be made through Visa, Master Card or by bank transfer into the Company’s checking account – the small print of which they’re going to provide for the asking .

The broker provides two withdrawal options for its customers. the purchasers can either fill the Withdrawal form or enter the quantity they shall withdraw within the Withdrawal section in their accounts. All withdrawals are processed within 3 business day, but the trader may need to await a couple of days to urge their money, counting on the tactic they select.

Customer Incentives with Protection Insurance

FXGM ZA offers daily bonus for brand spanking new traders. Also, they provide the primary Protected Positions (FPP). The FPP allows new customers to urge their a refund should they lose in their first 5-10 positions when trading CDFs on the company’s live trading platform. In situations where new customers make a profit, they will keep it. Customers are required to form an initial deposit up to $/€200.00 or more to use the FPP. the upper the deposit the greater the amount of protected positions. Any funds lost from the primary protected positions are going to be credited back to the trading account.

Customer Service

The FXGM ZA web and therefore the FXGM ZA app are easy to use. However, their team is usually available to supply support via phone, email, and live chat support 24/5.


$ 250,00

Minimum Deposit