10 Best Hedging Forex Brokers in South Africa

Hedging is an efficient method used by Forex traders to reduce their chance of losing money by protecting a position.

The trader takes an opposite position in the same currency pair, thereby temporarily canceling the risk of loss for the initial position.

Traders who want to hedge their positions in the foreign exchange market should look for brokers who enable them to open numerous currency trades at once since not all of them do.

Here, we’ll take a look at ten reputable hedging forex brokers.

Khwezi Trade

Khwezi Trade is a South African-based internet trading company.

Using the MetaTrader 4 platform, clients may trade currency pairings, metals, energy sources, soft commodities, and indices.

One of the advantages of trading with Khwezi Trade is the platform’s ability to allow ultra-fast trade execution at the best available pricing, coupled with competitive spreads.

Khwezi Trade is the 2019 and 2020 winner of the Global Brands Magazine’s ‘Best Broker South Africa’ award.

Khwezi Trade exemplifies exceptional compliance standards as a regulated forex broker with FSCA with authorized representatives and a management team that constitutes over 60 years of experience in the forex and CFD industry.

Khwezi Trade Pros and Cons

✔ Pros	❌ Cons
Trusted forex broker with regulation through the Financial Sector Conduct Authority	No crypto deposits accepted
Khwezi Trade is an industry-leading broker and is one of the first non-bank entity to receive OTC licensing	There are limited account base currency options
Khwezi Trade is an authorised FSP and ODP in South Africa	US clients are not accepted
Traders are provided access to powerful trading technology
Competitive spreads are offered
There is a decent maximum leverage ratio offered

Khwezi Trade features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 FSCA
💵 Minimum deposit from	💰 ZAR500
⚖️ Average spread from	👉 0,6 pips
📈 Commissions from	N/A
💸 Deposit/Withdrawal Fees	N/A
⚖️ Maximum Leverage	⚖️. 1:400
🤑 Bonuses	👍 30%
❓ Customer Support	🏪. 24/5

FXTM

As a leading forex and CFD broker, FXTM is a popular choice for many traders.

A comprehensive choice of trading products and instructional tools, as well as money protection, free demo accounts, and account managers, have been offered by FXTM since its inception in 2011.

The MetaTrader 4 and 5 trading platforms and their mobile apps are supported by FXTM, which is regulated in a number of countries.

There are over 300 of the biggest cap U.S. companies to choose from, in addition to currency and spot gold and silver CFDs.

An instructive webinar and seminar program for novice traders is also offered by FXTM.

FXTM Pros and Cons

✔ Pros	❌ Cons
Offers more than 250 financial instruments	Inactivity fees charged on dormant accounts
Offers a choice between retail investment accounts
Commission-free trading options are offered
Requires a low minimum deposit
Dedicated and multilingual customer support offered
Perfect broker for beginners

FXTM features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 CySEC, FCA, FSC, FSCA
💵. Minimum deposit from	💰 $10 / 160 ZAR
⚖️ Average spread from	👉 0.1 pips
📈 Commissions from	📈 No commission on Forex
💸 Deposit/Withdrawal Fees	🙅. Deposit fees no, withdrawal fees yes
⚖️ Maximum Leverage	⚖️ 1:2000
🤑 Bonuses	💰 Yes
❓ Customer Support	🏪 24/5

IC Markets

IC Markets is an Australian company based in Sydney that was founded in 2007.

With an ASIC license that was granted in 2009 as well as one from the Seychelles Financial Services Authority, they’re well-versed in financial services regulation

Trading on MetaTrader 4, MetaTrader 5, and the cTrader platform are all options available with this broker, which provides access to 63 different assets.

Both beginners and seasoned traders will find something to enjoy about this broker’s offering.

Those who deal in greater volumes and have more CFD expertise will find IC Markets most useful.

IC Markets Pros and Cons

✔ Pros	❌ Cons
Low forex fees	No Negative Account Balance Protection
Easy and fast account opening	Limited number of available CFDs
Free deposit and withdrawal

IC Markets features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 ASIC
💵. Minimum deposit from	💰 $200 / 3200 ZAR
⚖️ Average spread from	👉 0.0 pips
📈 Commissions from	📈 None
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 Yes
❓ Customer Support	🏪 24/7

Pepperstone

Pepperstone is an Australian ECN Forex trading platform.

Australian currency traders will recognize Pepperstone Group Limited as a major player.

Fast, dependable, low-cost ECN trading with a large selection of Forex products is what Pepperstone has to offer experienced FX traders.

Scalping, Expert Advisors for MetaTrader, automated trading, and hedging tactics are all accepted and available on Pepperstone accounts and trading platforms,

Pepperstone is an excellent choice for forex traders of all skill levels.

Pepperstone Pros and Cons

✔ Pros	❌ Cons
Well-regulated and large international trading provider	There are no fixed spread accounts offered
Social trading opportunities are offered	A limited selection of tradable financial markets
Negative balance protection applies to retail investor accounts
Offers some of the best customer service and a trusted trade execution model
Supports the use of any trading style or trading strategy, ensuring the best average spread on all instruments
Best broker for beginners who are just starting and offers demo accounts with virtual funding

Pepperstone features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 FCA, ASIC, DFSA, CySEC, CMA, SCB
💵. Minimum deposit from	💰 $0 / 0 ZAR
⚖️ Average spread from	👉 0.6 pips
📈 Commissions from	📈 $3.76 / 60 ZAR per lot
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:30
🤑 Bonuses	💰 No
❓ Customer Support	🏪 24/5

AvaTrade

AvaTrade is an international CFD and FX broker that is regulated by some of the world’s most prestigious financial institutions.

AvaTrade offers forex trading and a comprehensive selection of CFD derivatives, such as stocks, bonds, ETFs, commodities, and indices, among other tradable assets.

The AvaTrade website also allows you to trade seven other cryptocurrencies without paying any commissions or bank fees.

AvaTrade offers low spreads and no fees for trading FX, CFDs, and various cryptocurrencies.

The MT4 and MT5 series of platforms are also available to clients without restriction.

AvaTrade Pros and Cons

✔ PROS	❌ CONS
Broad range of tradable instruments	High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

AvaTrade features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 Central Bank of Ireland, MiFID, ASiC, BVI
💵. Minimum deposit from	💰 $100
⚖️ Average spread from	👉 0.9 pips
📈 Commissions from	📈 No commission on Forex
💸 Deposit/Withdrawal Fees	🙅. None
⚖️ Maximum Leverage	⚖️ 1:400
🤑 Bonuses	💰 First Deposit Bonus
❓ Customer Support	🏪 24/5 – multilingual

FxPro

FxPro is a multi-award-winning broker.

FxPro is licensed by the FCA, CySEC, the FSCA, and the SCB, as well as an official partner of the McLaren F1 Team.

Over 2,250 financial products are available to be traded on the broker’s no-dealing desk, ultra-fast execution pricing model with most orders processed in under 14 milliseconds.

Clear data on slippage and execution figures are available on the broker’s website.

Spread betting accounts are also available through theis broker.

FxPro Pros and Cons

✔️ Pros	❌ Cons
Mobile trading platform offered for Android and iOS mobile traders	Managed accounts are not available
VPS is provided through Beeksfx to ensure that active traders remain connected to financial markets	Social trading opportunities are not provided ye
FxPro applies an NDD execution policy and model to ensure accurate and competitive pricing
Expert analysis is provided by Trading Central and there is an economic calendar that traders can use to keep an eye on economic events
Premium trader tools and a range of educational materials offered

FxPro features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 FSCA, CySEC
💵 Minimum deposit from	💰 $100 / ZAR R1600
⚖️ Average spread from	👉 0.37 pips
📈 Commissions from	📈 $45 / ZAR R720 per million USD traded
💸. Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:30
🤑 Bonuses	💰 N/A
❓ Customer Support	🏪 24/7

FBS

FBS was established in 2009 and is based in London.

FBS is a good choice for novice traders because of its wide selection of markets and low costs.

MetaTrader 4 and MetaTrader 5 are also available.

The FBS Trader app is all provided across a number of different accounts.

FBS is a worldwide forex and CFD broker and is also a wonderful pick for novice traders because of its outstanding educational, research, and customer service offerings.

Algorithmic trading features can also be used by more advanced traders.

FBS Pros and Cons

✔️ Pros	❌ Cons
Ultra-fast trade execution	Deposit and withdrawal fees
Low spreads and commissions

FBS features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 CySEC
💵 Minimum deposit from	💰 $100
⚖️ Average spread from	👉 0.0
📈 Commissions from	📈 ‎$6
💸 Deposit/Withdrawal Fees	🤷 Variable depending on method
⚖️. Maximum Leverage	⚖️. 1:3000
🤑. Bonuses	💰. 100% Deposit Bonus
❓ Customer Support	🏪. 24/5

HotForex

High liquidity, variable tight spreads, and low commissions are available to HotForex clients.

To accommodate customized trading, the firm offers up to six different account types, as well as cutting-edge trading software and tools for both individuals and institutions looking to trade forex and derivatives on the internet.

Trading with HotForex is easy since it is a MetaTrader broker that offers a wide range of goods to choose from.

Premium Trader Tools is an optional tool bundle that may be used to enhance the basic trading experience if desired.

Market Maker execution is supported by the brokerage firm across six different account types.

HotForex Pros and Cons

✔️ Pros	❌ Cons
Commission-free trading offered along with a ZAR account	Fixed spreads are not provided
Education materials are provided along with an economic calendar, and other tools
Loyalty program, deposit bonuses, and other promotions offered
Tight average spread is offered on major currencies such as EUR/USD

HotForex features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 CySEC, FCA, DFSA, FSA, FSCA, CNMV, BaFin
💵 Minimum deposit from	💰 $5 / ZAR R80
⚖️ Average spread from	👉 0.0 pips
📈 Commissions from	📈 $3 / ZAR R48
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:1000
🤑 Bonuses	💰 Yes
❓ Customer Support	🏪 24/5

OctaFX

OctaFX was established in 2011.

OctaFX provides forex ECN trading, as well as CFD trading on indices, metals, and cryptocurrencies.

Using the MetaTrader suite of trading platforms for Windows desktop, web, and mobile devices.

OctaFX’s services and features are tailored to meet the needs of both novice and experienced traders.

Oanda gives access to Micro, Pro, and ECN accounts, as well as the OctaFX Copy Trading program.

OctaFX offers an amazing choice of education and trading research tools, like AutoChartist, to choose from.

OctaFX Pros and Cons

✔ Pros	❌ Cons
More than 30 forex pairs available	No Forex educational tools
Well-regulated	No VPS available
Ultra-fast execution

OctaFX features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 CySEC
💵. Minimum deposit from	💰 $100 / 1600 ZAR
⚖️ Average spread from	👉 0.7 pips
📈 Commissions from	📈 None
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 50% Deposit bonus
❓ Customer Support	🏪 24/5

FP Markets

FP Markets is an excellent CFD and FX broker that is licensed by the prestigious Australian Securities and Investments Commission (ASIC).

It has minimal forex fees and does not impose an inactivity fee, which makes it an attractive option.

Account creation and depositing are both quick.

FP Markets will offer you access to a variety of high-quality instructional resources.

FP Markets Pros and Cons

✔ Pros	❌ Cons
Low forex fees	High stock CFD Fees
Streamlined and fast account opening process	Limited product portfolio
Fast processing for deposits and withdrawals

FP Markets features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 Australian ASIC, Cypriot CySEC, SCB
💵. Minimum deposit from	💰 $100 / 1600 ZAR
⚖️ Average spread from	👉 0.5 pips
📈 Commissions from	📈 $55 monthly commission for IRESS Trader users only
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 $30 / 480 ZAR welcome bonus
❓ Customer Support	🏪 24/7

10 Best Hedging Forex Brokers in South Africa

Here, we’ll take a look at ten reputable hedging forex brokers.