10 Best Forex Brokers in SA with ZAR Deposit Accounts-Khwezi

10 Best Forex Brokers in SA with ZAR Deposit Accounts

Frequently Asked Questions

No, you are not forced to use a forex broker with a ZAR account but when you deposit funds in local currency you can save on currency conversion fees.

Most of them, but not all. Brokers who offer ZAR accounts are regulated by the FSCA because funds are kept in South African banks which are subject to South African laws.

Because there is a shortage of liquidity providers to cover the trades of clients.

No, the minimum deposit will not be lower and it will depend on the exchange rate between the South African Rand and foreign currencies and the deposit options and amount of the broker.

Traders can save money on currency conversion fees when they trade forex pairs and when they fund their retail trading account.