11 Best Forex Brokers in South Africa with MetaTrader 4-Khwezi

11 Best Forex Brokers in South Africa with MetaTrader 4

Frequently Asked Questions

Yes, forex trading is a legal activity carried out by South African traders.

No, South African traders are not forced to register trading accounts with brokers who are FSCA-regulated. However, it will help South African traders if they have an issue with their forex broker.

You can consult broker reviews to obtain more information on the brokers that you prefer and use a broker comparison to compare their trading conditions.

They can make money either from the spread or commission charges. In addition, forex brokers can also make money from non-trading fees such as account management and maintenance fees, inactivity fees, withdrawal fees, and others.

To check whether the broker is regulated by the FSCA, you can visit the official website and search the broker’s license number online.