Forex Trading webinars and training material

Learning the fundamentals of forex trading, becoming familiar with a variety of methods, and developing a solid grasp of the psychology of trading are all greatly aided by a solid education in the currency market.

That’s why educational resources like forex trading webinars exist to begin with. Most brokers that offer free educational resources for their customers also host free webinars. Clients benefit greatly from the webinars because of the information they provide on forex trading.

Through visual demonstration and coaching from industry leaders, they aid traders in locating a wealth of solutions to crucial queries. The great thing about webinars is that anyone, regardless of where they happen to be, may participate. Moreover, there is a wide range of topics covered in free webinars, making them potentially useful for both novice and seasoned traders.

The majority of these courses are self-paced and feature resources including video lectures, webinars, simulated trading platforms, discussion forums, and one-on-one guidance from instructors.

When they feel comfortable doing so, students can put their newly acquired information to use in actual trading.

With this in mind, we explore the best Forex webinars and trading materials offered by leading, regulated Forex brokers.

1. Khwezi Trade Free Forex Education

For anyone interested in learning the fundamentals of foreign exchange trading, Khwezi provides free education.

Risk management, trend and channel analysis, and indicator use are just some of the fundamentals that that the broker’s educational courses are meant to instil in any trader.

Khwezi understands that anyone can learn to trade the Forex market successfully with the correct training and instruction, and so offer a tiered course for beginner, intermediate and advanced Forex traders.

The beginner Forex course from Khwezi Trade includes such pertinent topics as risk management, trend analysis and SR & RIB. Once these fundamental concepts have been covered, traders can then move on to the intermediate course.

Here, intermediate traders will learn how to analyse trendlines, channels and breakout trading, showing students how to draw trendlines, as well as the immensely rewarding breakout trading strategy.

The advanced Forex trading course covers stochastic oscillators, of which there are hundreds available on the Khwezi Trade platform, as well as the MACD oscillator, which gives traders greater insight into the overall strength of a particular trend.

Khwezi Trade also provides a fantastic selection of video tutorials, which include technical information on using the MT4 platform, trading basics, introductions to Forex trading and Forex analysis, candle patterns, risk management and more.

2. ForexSignals.com

The seven-day trial at ForexSignals.com is just the icing on the cake of a comprehensive package that also includes a thorough instructional course, access to expert trading tools, and continuing professional guidance.

ForexSignals.com’s mission is to educate its clientele in the art of currency trading via the website’s exclusive trend-analysis and signal-generation methodology. Professional traders who trade using the same information they teach with reinforce both the knowledge and instruction they provide.

Beginning traders should start with the Trading Academy’s training courses taught by seasoned professionals in the Forex market. More than three hundred and fifty clips are available. The material begins with an introduction to trading and progresses into more advanced, technical topics.

The Trading Room serves as a chat room where students can discuss and demonstrate their trading techniques, helping to reinforce their education.

Also, students can watch live streams of professional traders’ sessions to learn from their strategies and tactics. Members can use our Profit Calculator and Monte Carlo Simulator, two of our exclusive trading tools.

3. Traders Academy Club

TAC was created by Vladimir Ribakov, a licenced financial technician recognised worldwide, to serve as a comprehensive resource for investors of all skill levels.

The Media Zone provides students with access to hundreds of recorded webinars suitable for both novice and seasoned traders. Live Trading Room recordings are included, as well as recordings of trading simulations and analysis videos.

Vladimir, the instructor, is available around the clock to answer students’ questions and the chat room is always bustling with activity. Weekly live webinars are also provided.

The daily online viewing of live trading sessions is the most well-liked part of the training. Students receive Forex indications and in-depth analysis during the sessions, with each trade recommendation dissected in great detail.

4. Asia Forex Mentor

Asia Forex Mentor’s website boasts many grand promises from the company’s creator, but we found consensus on one: his course is one of the most comprehensive option for learning Forex.

There are 26 comprehensive classes in total, each with more than 60 individual topics covered in high-quality internet videos shot in a professional studio. Ezekiel has carefully selected examples and provided his own views for each session.

The Golden Eye Group is another great private programme that members have access to for a fee. Insiders can watch live streaming of Ezekiel’s weekly market analysis, in which he explains and interprets trading setups and shares his trading strategies.

5. Daily Forex Academy

An internationally renowned expert in the foreign exchange market (FX) conceived and funded the development of FX Academy, which features content produced by some of the industry’s most respected traders and is available at no cost to traders of any skill level.

Established in 2016, FX Academy is an initiative of DailyForex.com, a reputable and authoritative Forex website that has been publishing daily Forex news and analysis since 2006.

The aim of FX Academy is to equip traders of all experience levels with the knowledge and tools they need to succeed in the Forex market.

There are 15 different courses available at FX Academy, covering everything from an introduction to forex to advanced trading strategies. An animated film, some reading, and several tests make up each lesson. Students can work through the material at their own leisure, as the course is self-paced.

The organisation also offers Strategy Simulations, which replicate real-world market scenarios and trading scenarios so that students can learn by doing.

FX Academy’s library of instructional resources and trading tools is available to you at no cost. Your time is the only thing required of you. However, you won’t get the personalised attention from a tutor or the ability to practise in a real-time trading room that you would in a paid course.

6. Six Figure Capital

Six Figure Capital’s 14-day course packs a large amount of information into its material without overwhelming you, making it ideal for beginner to intermediate traders who seek a total immersion experience in learning to trade.

Participants of the 14-day course can expect to master the basics of trading as well as advanced strategies in a condensed time frame. There are 19 films total, one for each day of the two-week period.

To help students learn by doing, the course incorporates live trading sessions. Also included are supplementary resources like electronic books and Excel spreadsheets.

Six Figure Capital also provides a Slack channel where novice and seasoned traders can talk to one another and share their thoughts and findings.

In order to learn how to trade with Six Figure’s unique harmonic pattern software, students must first finish the 14-day foundational course. The 14-day programme automatically includes this class.

Both payment options grant students unlimited access to all available courses and resources forever, as well as free lifetime updates and customer service.

Why Forex education matters

Before investing time, energy, and money into online forex trading, it’s crucial for new traders to have a firm grasp on the basics of what it entails. Trading foreign exchange (Forex) online is the practise of executing trades in currency pairs via an online forex broker.

Forex tradinf refers to the practise of buying and selling a currency pair for the purpose of making a profit from fluctuations in exchange rates. Exchange rate fluctuations are the source of Forex trading’s profit potential.

Since there is no centralised market for currency, all transactions take place electronically, over-the-counter, through our website or mobile app. Trading is available 24 hours a day, 5 days a week.

If you want to trade professionally, you should probably enrol in a solid Forex trading course. Before spending a lot of money on a trading school, you can get more out of your time by taking advantage of one of the many free online courses available to get you up to speed, such as those available from Khwezi Trade.

Is Forex trading for me?

People interested in making extra money at home find forex to be appealing.

Forex trading has several benefits, including cheap capital requirements and simplicity of entry into the market, for those who are ready and able to dedicate themselves to studying the ins and outs of it. It does provide the chance to make money, either part-time or as a career, for those with a strong knowledge base and the capacity to control their emotions.

You might be a good fit for Forex trading if you have the necessary education and expertise, as well as the perseverance and self-control to learn from your failures.

However, forex trading might become a losing nightmare if you don’t have the time or desire to dedicate to a rigorous learning process.

More Resources:

Understanding Forex Trading Sessions

Forex Brokers with the Best Customer Service

Brokers that Allow You to Trade News Releases

Forex Brokers with the best customer service

Investors may quickly get a sense of the relative merits of different brokers by comparing their costs, the types of assets they offer, the accessibility of their trading platforms, and the convenience of their various deposit and withdrawal options.

These are all crucial factors to think about, but it’s also important to select forex brokers with excellent customer service. In practise, customer service is equally crucial, if not more so, than these other factors. Khwezi gets a very high score on all these factors.

When trading, problems can arise, and you need to be able to get in touch with customer service as soon as possible. A reliable broker will provide you with multiple ways to get in touch with them.

Also, they need to be available whenever you have questions or concerns; many assets remain active even on weekends, so you can’t afford to be waiting around for a response. A more positive trading experience can be had when dealing with a broker who is quick to respond to any questions or concerns.

How to compare customer service from a Forex broker

Operational hours

A few brokers may only be available during the week, while others may be available 24/7. Clients trading assets and markets that are open on the weekends, like cryptocurrencies, benefit greatly from 24/7 service because they can swiftly resolve any concerns that could result in financial loss. But this isn’t the last word either.

Round-the-clock customer service may not be worth much if all the assets you trade (forex, equities, ETFs) are closed on weekends.

Customer service experience

The best Forex brokers will employ support staff members who are experts in their field. If your customer support team is well-versed with the company’s inner workings, the financial markets, and the services on offer, they should be able to help you out whenever you run into any issues.

Multilingual support

The amount of languages offered should also be considered, especially if you have a global clientele. The broker must be able to effectively assist customers in all of the places in which they do business.

If you want to make things easier and less frustrating for yourself, you shouldn’t have to worry about understanding what’s being said.

Available contact methods

The finest brokers in terms of customer service will give you multiple ways to get in touch with them.

There needs to be a balance between passive and interactive approaches. People who are already pressed for time at work can react to customer care communications at their convenience via non-intrusive channels including email, text, and online contact forms.

It’s also helpful to have the option of real-time communication like phone calls and online chats. As information and data can be gained from live chats, this is especially helpful when the issue is not clearly stated, allowing customer care to more easily resolve the issue.

Forex brokers with the best customer service

1. Khwezi Trade

Khwezi Trade, founded in 2013, is a South African broker authorised by the Financial Sector Conduct Authority (FSCA) as an FSP and ODP that offers low deposit ZAR accounts and fast trade execution.

When compared to competing brokers, Khwezi Trade’s customer service is second to none, offering South African traders with friendly, professional and multilingual support.

From Monday through Friday, 7 a.m. to 6 p.m., Khwezi Trade offers email, phone, and call-back services for its customers. Apart from offering a live chat option, questions are also handled via email. Five official languages are supported (that’s English, Afrikaans, Zulu, Sotho, and Xhosa) should you need any assistance.

Khwezi Trade provides exceptional service to its customers by promptly responding to their inquiries and providing them with a highly customised trading experience.

With a minimum deposit of 500 ZAR and spreads starting at 0.7 pips on the EUR/USD, beginners can open a commission-free ZAR account with Khwezi Trade.

There is a low minimum deposit of 50 USD required for its USD account, and spreads on the EUR/USD go as low as 0.1 pips with no commissions. Both new and seasoned traders can benefit from the assistance of a dedicated account manager, no matter which type of account they choose.

In sum, Khwezi Trade is a good option for South African traders searching for an MT5 broker because of its inexpensive trading expenses, personalised customer service, and ZAR trading accounts.

2. AvaTrade

When compared to other brokers, AvaTrade’s customer support stands out as particularly helpful.

Help is available around the clock for bitcoin and CFD trading. There is a local South African phone number, as well as international and multilingual email and chat support.

For good reason, AvaTrade is considered among the world’s top brokers. It provides numerous trading venues, such as the acclaimed AvaTradeGO mobile trading software.

Trading Central is only one of many powerful trading tools available, and the site’s analytical and educational resources are among the best in the industry.

As a broker, AvaTrade’s fees aren’t the lowest available, but most traders will find them to be within a reasonable range.

3. Pepperstone

Pepperstone, an Australian broker that debuted in 2010, is widely recognised for its competitive trading fees and wide selection of supported platforms.

Although not the most comprehensive, Pepperstone’s education section is nonetheless a decent place to start for novice traders thanks to its professionalism and organisation.

If you have any issues about your account or trading, you can contact Pepperstone’s award-winning customer care team at any time.

Pepperstone is a trustworthy Forex broker due to their extensive list of accolades, international clientele, and regulation by some of the world’s most stringent authorities (among them the Financial Conduct Authority and the Australian Securities and Investments Commission).

4. Forex.com

Forex.com was established in 2001 and is a well-regulated broker with minimal fees and high minimum deposits, making it ideal for both novice and seasoned traders.

Customer service is available via phone, email, and live chat around the clock (from 10 a.m. to 5 p.m. Eastern Time, Sunday through Friday) like with most brokers.

Although English is the default language for customer service, support in Arabic, Ukrainian, Polish, Russian, and Chinese is also accessible. The Forex.com staff encourages participation on social media, so you can connect with them there as well (through Facebook and Twitter).

5. IG Group

Founded in 1974 and regulated by the FSCA since 2021, IG is known for its extensive list of satisfied customers, inexpensive trading costs, and wide variety of trading instruments. The IG help desk staff is professional, quick to reply, and available anytime.

From 8 a.m. Saturday to 10 p.m. Friday, customers can reach help by phone, email, Twitter, and live chat.

Beginner traders who have questions regarding the platforms, analysis, or trading ideas may find the peer support platform to be a perfect extra resource, as it provides assistance from both other traders and IG personnel in a forum discussion.

6. eToro

eToro is still widely recognised as the best social trading platform available. Copy trading and eToro’s social network are at the centre of the user-friendly trading platform. Beginners who lack experience trading may prefer these functions.

eToro’s multilingual customer service team is available around the clock, seven days a week. Tickets have been utilised for all customer service inquiries since 2017. Warning: there is no live chat or phone assistance, and the wait times for answers can be up to 14 days.

Customers that invest more than $5,000, however, will have access to a personal Customer Success Agent.

7. FXCM

High-volume traders that value having access to a diverse selection of trading platforms and a substantial toolkit for advanced trading may be interested in FXCM.

Trading Platforms Offered by FXCM Include: MT4, NinjaTrader, Numerous Advanced Specialty Platforms, and Trading Station, FXCM’s Own Award-Winning Proprietary Platform. In addition to this, it provides a multitude of trading tools, such as a variety of API trading tools, TradingView, Zulutrade, and a whole host of FXCM apps.

Support is offered around the clock through a variety of channels, including live chat, phone, email, and walk-ins.

Support is offered in a total of 19 different languages, and residents of 42 different countries are eligible to receive free phone support from FXCM. In addition to this, the customer care is knowledgeable, and they offer supplementary reading material when it is applicable.

Final Thoughts

Finding the brokers with the finest customer service is one way to make the overall experience of trading much more enjoyable.

It is essential to have a support team readily available at all times, regardless of the severity of the problems that you may experience, even if they are quite minor.

The finest brokers have a supportive team that is knowledgeable about all aspects of the brokerage and is available to assist you around the clock.

Because of this, the support personnel should always be courteous and helpful to their customers, as this results in a far more positive trading experience. When you are having problems that could end up costing you money, the last thing you want to do is have to deal with unhelpful support employees.

More Resources:

Understanding Forex Trading Sessions

Forex Trading Webinars and Training Material

Brokers that Allow You to Trade News Releases

Brokers that allow you to trade news releases

When you engage in news trading, you are purchasing or selling a foreign currency either immediately before or immediately after a significant economic announcement has been made public. Why?

Because after such statements, it is reasonable to anticipate that market prices may fluctuate, which means they will either rise or fall. Your objective, of course, is to make a profit off of these changes in price in a straightforward manner.

Any currency pair has the potential to see very rapid price movement in either direction within just a few minutes before or after the announcement of economic news.

A technique known as “news trading” is one that aims to capitalise on opportunities that present themselves in the markets whenever pertinent economic data and information is reported in the mainstream media.

During each and every trading session, economic news and data are one of the primary factors that can cause significant price shifts or volatility. This indicates that news trading offers consistent possibilities for trading, despite the fact that these opportunities are not devoid of associated risks.

The news market is mostly driven by events, and as a result, trading based on the news presents some unique challenges when compared to traditional technical and fundamental approaches.

In technical analysis, the belief is that past price action will influence future price behaviour, with the assumption being that all essential information about the value of an asset is reflected in its current price.

Technical traders constantly monitor the market and base their trades on observable patterns in the charts, as well as mathematical indicators.

On the other hand, fundamental analysis entails evaluating all of the underlying economic, social, and political aspects that have an effect on the value of a specific asset.

Although news trading is often considered to be a fundamental subset of fundamental analysis, it does have certain distinct characteristics of its own.

In this article, we explore some of the best Forex brokers which allow for news trading, and take a closer look at how to trade the news successfully.

Best news trading brokers

1. Khwezi Trade

Khwezi Trade was established in 2013, and is a local South African broker that is regulated by the FSCA. It features minimal deposit ZAR accounts, rapid trade execution, and a reputation for putting the customer first when dealing with traders.

Every customer of Khwezi Trade receives a daily email with Flexi analysis from a 3^rd party, and the company also provides its customers with access to a portal that displays fundamental analysis of all currency pairs.

2. FXCM

FXCM has been in operation since 1999 and has its headquarters in London. FXCM’s no-requote policy makes it a good option for news trading.

For a Mini account, their lowest spread is about 1.5 pips, while for a Standard account, it’s at least 0.5 pips plus an additional commission of 0.04 USD every 1000 units.

As opposed to several other brokers, FXCM does not use MetaTrader 4. Instead, they support Trading Station, an internal platform that can be customised with a number of add-ons and indicators.

3. InstaForex

Since InstaForex’s spreads are fixed at roughly 3-7 pips, even when the market is extremely volatile due to news releases, it may be a good choice for news trading.

In addition to the well acclaimed MetaTrader 4, MetaTrader 5, and InstaForex’s proprietary WebTrader, InstaForex provides its clients with a wide selection of trading platforms from which to choose. They also provide the convenient One-Click-Trading (OCT) function as an add-on.

However, there are several factors that you need to be aware of regarding news trading in InstaForex. The first point is that during major news events, profits cannot exceed 10% of the account balance, and the position must be open for at least 5 minutes before being closed.

To prevent misunderstanding and blunders during news trading, InstaForex gives a basic overview of this particular approach in a collection of forex articles and its trading education area which beginners may take advantage of.

4. XM

Orders placed with XM are guaranteed to be executed within 1 second, there will be no requotes, and the spread will be incredibly low.

Micro and Standard accounts have floating spreads beginning at 1 pip, while the Zero account has no spread at all. XM not only permits news trading, but also provides numerous alluring promotions including signup bonuses, trading competitions, and initial deposit incentives.

Top tips for trading the news

The news can be broken down into two categories: regular and unexpected. General elections, quarterly earnings reports, and announcements of economic statistics such as interest rates and jobless rates are just some of the events that are planned.

An economic calendar, news feeds, and even social media can be used to keep tabs on upcoming developments.

The majority of news trading methods revolve around anticipating and reacting to scheduled events, and traders can reduce their exposure to risk by keeping tabs on when those events are set to occur.

The opposite is true with unexpected news, which consists of happenings that are so unexpected that they can catch investors and traders off guard. The timing and magnitude of their effects are unknown.

Events like the 2008 financial crisis and the predicted coronavirus pandemic in 2020 fall into this category.

Because it is impossible for traders and investors to tell when the panic-inspired short-term impact will finish and the expected long-term correcting move will begin, sporadic news is a major source of risk in the market.

Find trading opportunities

The goal of news trading is to consistently take profitable positions. In other words, your transaction coincides with the market’s reaction to the news. Trading is possible before, during, and after the announcement.

If you trade in anticipation of an occurrence, it shows that you have a directional bias and, if you’re correct, you’ll profit. If you’re incorrect, however, you could lose a lot of money.

Trading at the time of a news event’s announcement can be wise because you’ll be basing your decisions on accurate information.

There is no assurance that prices will move in the direction that an actual news release implies, and spreads tend to increase as news events are released. It’s smart to do trades after a news release so you can observe the market’s reaction first-hand.

Keep track of the news event

You can only profit from news trading if you are aware of the specific types of news that affect the asset you plan to trade. The Economic Calendar is a useful tool for keeping tabs on upcoming news events, and it’s even better because it also shows how much of an effect those events are anticipated to have on the underlying asset.

Include technical analysis

Using technical analysis in conjunction with news trading can lead to substantial gains. If you want to take advantage of a news trading opportunity, you need to keep an eye on the crucial technical characteristics of the underlying asset.

You should know the underlying trend and key support and resistance levels that will act as price objectives for take profits and stop losses before the news is released. Before, during, and after a news event, technical tools like moving averages, pivot points, and even oscillators can assist traders find value pricing zones to target.

Final Thoughts

It is vital to deal with a reliable broker like Khwezi when trading the news. Many factors, including the broker’s compliance with legislation, features, and quality of customer service, should be considered before settling on an account with them.

But apart from that, a savvy trader will be aware of the importance of having a broker who can keep up with their trading strategy and help them achieve their goals. To be successful, traders need to prioritise conditions in accordance with their trading strategy.

Foreign exchange (forex) news trading refers, in a nutshell, to making currency transactions in the forex market in response to trading opportunities presented by economic news announcements. An unexpected piece of news has the potential to drastically alter the market’s valuation in a hurry. Many investors play the markets because of the high volatility and short trading cycles.

In order to capitalise on this trend, traders must have access to both lightning-fast execution and adaptable market circumstances. At this juncture, the quality of the broker’s service becomes critical. It’s possible that your broker isn’t ideal for news trading if your trade orders are constantly being requoted when major news is released.

More Resources:

Understanding Forex Trading Sessions

Forex Trading Webinars and Training Material

Forex Brokers with the Best Customer Service

MetaTrader 4 or MetaTrader 5: Which is better?

MetaTrader 4 and MetaTrader 5 are both industry-leading forex trading platforms. They offer a wide range of features and tools to help traders succeed in the forex market. But which one is better? In this blog post, we will compare MetaTrader 4 and MetaTrader 5, and we will let you decide which one is best for you.

MetaTrader 4 was released in 2005 and has since become the most popular forex trading platform in the world. MetaTrader 5 was released in 2010 and is an upgraded version of MetaTrader 4.

Forex or cfd trading are complex instruments and come with a high risk of losing your money rapidly due to leverage. If you can afford to take on the high risk of these complex instruments it is important to trade through a platform that is regulated by the FSCA.

1. What is MetaTrader 5 and what are its features

MT5 is the platform used by millions of traders around the world and offers a wide range of features, making it the perfect choice for both beginners and experienced traders.

Some of the most popular features of MetaTrader 5 include:

– Supports multiple languages

– Advanced charting tools

– A large variety of technical indicators

– A built-in market scanner

– The ability to back test trading strategies

– Expert advisors for automated trading

If you’re looking for an online trading platform to take on the high risk of speculating in the financial markets, that offers everything you need to succeed, MetaTrader 5 is the right choice for you.

2. How to install MetaTrader 4/5

The first thing you need to do is open an account with a broker that offers MetaTrader 4/5.

Khwezi Trade

Looking for an authorised financial services provider (FSP 44816) and regulated Over-the-Counter Derivatives Provider that offers MetaTrader 5? Look no further than Khwezi! Khwezi is a leading South African broker that offers the MT5 platform with ultra fast trade execution for you to start trading. With Khwezi, you can trade the financial markets with confidence and peace of mind.

Download MT5

Once you have an account, you can download the MetaTrader 5 software from Khwezi and install the software on your computer, and then launch the program.

Alternatively, if you plan to trade on your mobile phone you can find the appropriate MT5 download options for Android here and for IOs here

A quick guide

1) After you have downloaded and installed MT4 from your broker’s website, open the program and select “File > Open an Account”.

2) Enter your account details and server information provided by your broker.

3) Select “Tools > Options” to customize your trading experience.

4) To open a new chart, go to “File > New Chart”. You can then select the currency pair you want to trade and other settings like time frame and chart type.

5) To place a trade, go to “Insert > New Order” or simply press “F9” on your keyboard.

To access the MT5 manual, click here.

3. Options you should consider whether choosing between MT4 & MT5

When it comes to choosing a trading platform, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the two most popular options. Both platforms offer a range of features and benefits, but which one is the better choice for you?

MT4 is a well-established platform that is widely used by traders of all levels of experience. It offers a user-friendly interface, a range of analytical tools and expert advisors, and is highly customizable. MT5, on the other hand, is the newer platform from MetaQuotes. It includes all the features of MT4, plus additional ones such as economic calendar and news feed. It also offers more flexibility in terms of order types and execution modes.

So, which platform should you choose? Ultimately, it depends on your individual trading needs and preferences. If you are new to trading or want a simple platform with all the basic features, MT4 may be the better option for you. However, if you are an experienced trader who wants access to more advanced features and tools, then MT5 may be the better choice. Whichever platform you choose, make sure that it offers all the features and functionality that you need to trade effectively.

4. Tips and tricks for using MetaTrader 5

There is a wide range of features and tools for traders of all levels of experience for MetaTrader 5 trading. If you’re new to the MetaTrader 5 trading platform, here are a few tips and tricks to help you get started.

First, take some time to familiarise yourself with the interface. The main window consists of three tabs: Quotes, Order Book, and History. Under the Quotes tab, you’ll find live prices for all the instruments that are available to trade. The Order Book tab shows all pending and completed orders. Finally, the History tab provides a record of your past trades.

Next, explore the different order types that are available on MetaTrader5. Market orders are the most basic type of order and will be executed at the current market price. Limit orders allow you to set a maximum or minimum price at which you’re willing to buy or sell an instrument. And stop orders become active when the market price reaches a certain level, at which point they will be executed as either market or limit orders.

Finally, don’t forget to take advantage of the built-in technical analysis tools. MetaTrader5 includes a complete suite of charts and indicators that can be used to identify trends and make informed trading decisions.

The high risk of losing when trading Forex

When it comes to investing, there are a lot of different options out there. Some people prefer to stick to more traditional investments like stocks and bonds, while others are willing to take on a bit more risk in hopes of earning a higher return. Forex trading falls into the latter category.

While forex trading does have the potential to generate high returns, it also comes with a high degree of risk. This is due in large part to the fact that currency values can fluctuate rapidly and unexpectedly. As a result, forex traders need to be very careful about when and how they enter into trades.

Of course, high risk investments are not for everyone. However, those who are willing to take on the risk can potentially reap some big rewards. Just remember that it is important to do your research and tread carefully before jumping into the forex market.

If you are new to trading, it is worthwhile trying out a demo account on this website. There is no risk of losing money as it is not a live trading account. The prices and the charts depict a live trading environment, but it is risk free as you are not investing real money. Alternative, for free educational content, visit this website called Babypips.

Conclusion

MetaTrader 4 and MetaTrader 5 are both popular online trading platforms that offer a range of features and tools for traders of all levels of experience. They both have their pros and cons, so it ultimately depends on your individual needs and preferences as to which one is the better choice for you. Make sure to explore all the different options available to you before making your decision.

MT5 white label provider

MT5 White Label Provider

The White Label MetaTrader 5 platform is a full-fledged brokerage infrastructure used by numerous brokerages throughout the world. With these white label solutions, brokerages can swiftly go live, offering their clients a branded, personalized experience that is unique to them.

Through the use of the MetaTrader 5 white label solution, you are now able to offer Internet trading services under your own brand while also saving money on the purchase of the MetaTrader 5 platform.

In spite of the fact that broker partners keep full administrative control over their brand, this initiative makes it possible for them to provide their customers with superior trading conditions, including liquidity, news flow, spreads, and costs, all of which can be accessed through the customer’s own trading terminal.

Understanding the MT5 white label solution

To get started with your own forex, cryptocurrency, or multi-asset brokerage in an easy and streamlined manner, MetaTrader 5 White Label is an excellent option.

If you use a White Label, you won’t have to worry about things like hosting servers, setting up a backup system, constructing a global network of access servers, or hiring people to configure and maintain the server structure around the clock.

White Label MetaTrader 5 comes with all of these features and more.

In 2010, MetaQuotes introduced the MT5 trading platform as the successor to their immensely successful MetaTrader 4 software.

MetaQuotes has set and maintained the bar for online traders for more than 11 years. The company is renowned for its cutting-edge technology, extensive functionality, and unwavering dependability among retail customers and white label businesses alike.

MetaTrader 4 has been the industry standard for trading platforms all over the world since it was first introduced five years earlier.

The inaugural version of the MetaTrader 5 platform came to light as a stage for advanced traders of forex, stocks, and futures to enhance their game with new features that otherwise could not be available in the MT4 platform.

Those acquainted with MetaQuotes will claim that the original MT4 is comparable to MT5 in regard to trading functionality and user experience.

Nevertheless, just as technology has dramatically evolved over the past decade, trading technology must continue to evolve to stay up with this tech-hungry generation of customers.

While some traders adhere to the tried and true platforms they are used to and remain devoted to the original MT4, for others, fundamental technology is no longer sufficient.

Traders, particularly those with substantial market knowledge and trading experience, have a voracious appetite for more.

Benefits of White Label MetaTrader 5 providers

Broad-based compatibility with liquidity providers

You are in complete control over which liquidity provider to collaborate with since cooperation and interoperability with any source of liquidity are both possible. Every liquidity provider can potentially join the MT5 white label scheme if they meet the requirements.

In the event that your initial choice turns out to be erroneous, you are free to quickly and easily switch liquidity providers. There are neither restrictions nor incompatibilities present.

Because the liquidity provider for your brokerage is so important to the overall health and success of your company, you have the freedom to choose the provider that best satisfies the requirements, preferences, and criteria that you have established for yourself.

All of the components are crafted by trained professionals in accordance with your requirements and preferences, from the ground up. Because of this, brokers have access to incredibly strong instruments, which provide them with an advantage over their rivals in the foreign exchange market.

Comprehensive account management features

In order to ensure the safety of its customers’ personal information and financial activities, the MetaTrader online trading platform is based on a robust security infrastructure.

In addition, it allows you to create and modify trading accounts, deposit and withdraw funds, generate reports and history, and log in to multiple accounts, giving you full command over all account-related affairs.

Wide device compatibility

MetaTrader 5 is an online trading platform that can be accessed and used from any web-enabled device, such as a computer, smartphone, or tablet. White label solutions for MetaTrader 5 might help you appeal to traders on all devices, provided you fix any compatibility issues.

Dealers can conduct business from anywhere, including on the go. This convenience for customers is vital to the company’s growth and success.

Fully customizable platform

In order to succeed in the cutthroat foreign exchange trading market, it is crucial to properly brand your MT5 platform to set yourself apart from competitors.

When you go with an MT5 white label solution, you’ll have a blank slate on which to stamp your own unique identity, from the logo and colour scheme to the terminology and layout.

Affordable access to the markets

Spending a large sum of money on a server is not realistic or sensible for a first venture into the foreign exchange market.

However, the excellent quality of the MT5 platform can be attained for a fraction of the cost of full server ownership, and it is favoured by the great majority of brokers and traders.

In this sense, the primary advantage of the white label MetaTrader 5 solution is that it facilitates a more rapid and inexpensive market launch.

How to set up MT5 using a white label provider

Establish your brand identity

You might be able to build a powerful brand if you provide a completely individualized experience for each of your customers.

You’ll be able to take use of a White Label provider’s cutting-edge features and programs if you’re a member of the white label suite, but you won’t have to sacrifice your own unique brand identification in the process.

Last but not least, you have the option of using our default configuration or customizing the settings and features that are most important to you.

Set up your access to the markets

The foreign exchange market is the only decentralized market that can be traded in using a trading platform that is based on MT4. On the other hand, if you utilize MT5, you may use the same platform to access centralized as well as decentralized markets.

You are now able to provide your customers with access to a wider variety of trading opportunities, in addition to the decentralized foreign exchange market. The markets for indices, cryptocurrencies, stocks, and commodities are just some of the many possibilities that are available.

Provide client access to MT5

MetaTrader 5 is without a doubt the trading platform that possesses the highest level of technological advancement that is currently available.

Customers have access to a tool called the Market Watch Pool, which can be located on your website and allows them to watch the level of activity in the market.

In addition to this, MT5 with an assortment of pre-installed indicators and other items written in MQL, a number of aesthetically distinct components (such as candlesticks), and a plethora of extra indicators.

Pay your subscription fee

Instead of that, you will only be responsible for one flat cost that will cover all of your technical and administrative responsibilities. You won’t have to spend time or money looking for external providers, which means you’ll save both of those resources in the process. This will also save you time.

Benefits of offering MT5 to traders

MT5 is a robust trading platform that includes tools including separate trading and ordering accounts, help for several order types and execution methods, and Market Depth.

The capability of the MT5 platform to engage in automated or algorithmic trading is, without a doubt, the feature that stands out as the best and most intriguing feature it provides. Market analysis and trade execution are both handled by automated tools on your behalf.

Your only obligations are to decide on a strategy and to provide others with detailed instructions on how to implement that strategy. The robot would carry out the transactions on your behalf and operate in accordance with the instructions it was given.

Furthermore, MT5 offers four distinct methods for order execution. Request, Market, Instant, and Exchange are their respective names. Transactions in which stock tools are used in commerce constitute the fourth type of exchange.

You have access to a wide number of analytical tools if you trade on the MT5 platform, which helps you to do precise price research and estimates.

You can be better prepared for any changes that may come in the market by using the remarkable tools for technical analysis that are made available to you. These tools can be found on this website.

The economic calendar and the financial news service that is provided by international news organizations are two examples of the types of instruments that fall under this category.

As a result of this, you will have a far greater ability to forecast the changes in price that will occur across a wide range of financial instruments.

Conclusion

MetaTrader 5 is without a doubt the most popular trading platform that possesses the highest level of technological advancement that is currently available. Customers have access to a tool called the Market Watch Pool, which can be located on your website and allows them to watch the level of activity in the market. In addition to this, MT5 with an assortment of pre-installed indicators and other items written in MQL, a number of aesthetically distinct components (such as candlesticks), and a plethora of extra indicators.

A good number of white label providers incorporate an easy method of payment. If you have a subscription service, for instance, you are exempt from having to make payments based on how much money you make. Instead of that, you will only be responsible for one flat cost that will cover all of your technical and administrative responsibilities. You won’t have to spend time or money looking for external providers, which means you’ll save both of those resources in the process. This will also save you time.

Khwezi Trade

If you are looking for a regulated Over-The-Counter Derivatives Provider that offers the MT5 white label solution, Khwezi Trade is exactly what you need. With over 10 years of experience in the industry, we can provide you with a platform that is both robust and user-friendly. Contact us today to find out more about what we can do for you.

Other Resources

10 Best FSCA Regulated Forex Brokers

Forex Pip explained

Forex brokers with ZAR accounts

MetaTrader 4 Forex brokers

How to set up MetaTrader 5

How to set up MetaTrader 5

MetaQuotes’ MetaTrader 5 (MT5) supports trading in a wide variety of assets and facilitates access to foreign exchange, stock, and futures markets.

MT5 lets users check market data, see live prices, and make orders with their broker. Functions as varied as fundamental and technical analysis, copy trading, and automated trading are all part of its feature set.

In this article we take a closer look at the comprehensive functionality of the MetaTrader 5 platform, and provide a useful guide on setting up the MT5 platform when signing up with brokers like Khwezi Trade.

What is the MetaTrader 5 trading platform?

Forex, indices and commodities can all be traded on MetaTrader 5, as it is a multi-asset platform. Copy trading through the usage of trading robots and Expert Advisors, and in-depth price analysis are all facilitated by the use of cutting-edge technological resources.

MetaTrader 5’s Market Depth and order/trade segregation features make it a potent trading platform.

It works with both the standard netting system and the hedging option system for order accounting. Instant, Request, Market, and Exchange execution are the four order modes available to traders. Market, pending, and stop orders, as well as trailing stop, are all available on the site.

What are the differences between MetaTrader 4 and MetaTrader 5?

MT4, which debuted on July 1, 2005, is an electronic trading platform that is straightforward and uncomplicated to operate. It is designed specifically for the online retail FX market.

MT5, on the other hand, was released five years later on June 1, 2010, and it is a multi-asset trading platform that includes everything in one convenient package.

Traders are able to access their trading platforms around the clock and from anywhere in the globe by using the mobile versions provided by MT4 and MT5 on iOS and Android-powered smartphones and tablets. Traders can also use MT4 and MT5 on desktop computers.

Interactive quotation charts, a full range of trading orders, popular analytical tools, the opportunity to check account status, and the ability to buy and sell financial instruments are some of the functionalities that are given through both platforms.

A significant distinction between the two platforms that is worth pointing out is that MT5 provides market depth (DOM, which stands for depth of market), which enables customers to see the prices at which bids and offers are being made in various marketplaces.

The configuration of the trading system is yet another important distinction that should be pointed out. MQL4 is utilized for the development of trading programs that are based on the order system, whereas MQL5 is used for the implementation of a positioning system.

It is believed that MQL5, which is the successor to MQL4, is more user-friendly and has a higher level of efficiency. MQL4 demands the completion of multiple functions for each individual trading operation.

It is also important to keep in mind that the enhanced Strategy Tester for Expert Advisors will be available on MT5, along with Agent Manager for remote optimization.

Both MT4 and MT5 have execution modes that are comparable to one another. On MT4, traders have access to the following execution modes: instant execution, execution on request, and execution by market.

However, MT5 traders have access to an added mode of execution known as exchange execution. Orders are transmitted to an external trading system when using this option.

MT4 has four different order types for pending orders, which are execution modes used to buy or sell a market at a pre-set price at a later time. These order types include buy stop, buy limit, sell limit, and sell stop.

MT5 offers six different order types for pending orders. The buy and sell stop limit orders are the additional two that are made available by using this application.

What are the benefits of using MetaTrader 5?

MT5 is a powerful trading system that provides features such as distinct trading and ordering accounts, support for not only a variety of order types but also modalities of execution, and Market Depth.

Hedging can be accomplished through the use of the order accounting method in foreign exchange trading. This gives you the ability to open many spots in one instrument, either in the same direction or in the opposite direction.

In addition, the MT5 platform provides a total of four different techniques for order execution. These are referred to as Request, Market, Instant, and Exchange respectively. The fourth form of exchange is utilized for commercial transactions that involve the utilization of stock tools.

As a trader, one of your goals should be to have the ability to accurately forecast the direction the market will go in the future. This is due to the fact that it increases your chances of having success as a trader.

The MT5 platform gives you access to a variety of analytical tools, which enables you to do accurate price research and projections. The amazing tools for technical analysis that are made available to you can assist you in being better prepared for any changes that may occur in the market.

Some examples of these tools are the economic calendar and the financial news service that is offered by international news organizations. Because of this, you are better able to predict the fluctuations of prices across a variety of financial instruments.

The MT5 platform’s ability to conduct automated or algorithmic trading is, hands down, the best and most exciting function it offers. Automated systems perform market analysis and trade on your behalf.

Your only responsibilities are to choose a tactic and lay out detailed instructions for others to follow. The robot would act in accordance with the instructions and carry out deals on your behalf.

How to set up MetaTrader 5

1. Sign up with a MetaTrader 5 Forex broker

The first thing you’ll need to do to open a MetaTrader 5 trading account is to find a Forex broker that supports the platform. There is a plethora of options when it comes to brokers, which can make making a choice seem like an insurmountable challenge.

For traders in South Africa, the best place to start is to find an FSCA-regulated Forex broker, like Khwezi Trade, which will provide you with secure access to the markets and all the features of the MT5 platform.

2. Download MT5

MetaTrader 5 can be downloaded for PC, web or mobile use. Here, we show you how to approach all three options.

Downloading MT5 for Windows

Click or tap on the option to download MT5
To begin the installation, open the file that you downloaded and double-click it.
Please read the terms of the License Agreement. Please indicate your agreement by clicking the box to the right of Yes, I consent to all of the conditions that are outlined in the license agreement.
Select the folder in which you want the program to be installed. Click the Next button if the folder that was suggested is the correct option. If not, choose a folder by clicking the Browse button, and then click the Next button.
Choose the file from the Programs menu
You can install the MetaTrader trading platform by clicking the Next button, or you can click the Back button if you need to make any adjustments.
At this point, there is nothing more for you to do but wait until the program has been completely installed on your computer.
After the installation of the MetaTrader platform has been finished, you will be able to launch it by clicking the Launch MetaTrader button, followed by the Finish button.

Downloading MT5 for MAC

Select the option to download MT5 for MAC on your broker’s website
Open the MetaTrader5 application by going to the Applications folder.
When you right-click “Accounts,” you can choose “Open an Account.”
After you have typed in your broker name, for example “Khwezi Trade”, click the “Find your broker” button.
After clicking “Next,” choose “Connect with an existing trade account” from the drop-down menu.
Put in your user name and password here.
From the dropdown menu, choose the server on which your account is registered.
Done! You can close this window now.

Downloading MT5 for Android

Open an account with your selected broker, such as Khwezi Trade
Select the MT5 platform
Select the option to download the platform on your Android device
Follow the prompts to complete the installation process
You can now start trading on MT5 from your Android device

Downloading MT5 for iOS

You can either download MT5 from the App Store, or select the option to download it via the broker website
After installation, you can choose the option to access the platform from a live trading account or from a demo account (this option is also available for other interfaces above)
Provide your log in details and password to start trading

Khwezi Trade regulated by the FSCA

It can be difficult to find a reputable and reliable Forex broker that offers MetaTrader 5.

Khwezi Trade is an authorised financial services provider FSP 44816 and licenced ODP, meaning you can trade with confidence knowing your funds are safe.

With Khwezi Trade, you can be sure that your MetaTrader 5 experience will be positive. Download MetaTrader 5 for PC, web or mobile and start trading today!

Other Resources

10 Best FSCA Regulated Forex Brokers

Forex brokers with demo trading accounts

Forex brokers with ZAR deposit accounts

MetaTrader 4 forex brokers

10 Best MT5 brokers in SA

10 Best MT5 brokers in South Africa

MetaTrader 5 (MT5) is the updated version of the MetaTrader 4 trading platform from MetaQuotes, which is the industry standard. MT5 is also the first platform to incorporate multi-asset capability, which allows traders to trade stocks, futures, and forex.

Despite the fact that it is not yet as widely used as Mt4, MT5 is gaining support from an increasing number of brokers, providing investors with a greater variety of trading platform options.

Here, we list the 10 best MT5 brokers which offer sound regulation and excellent trading conditions.

Khwezi Trade

Khwezi Trade is a licenced ODP offering the MT5 trading platform, which is great for traders who want fast trade execution, so you can get in and out of trades quickly. Khwezi Trade also offers a variety of other features that make it a great choice for MT5 traders, including deposit ZAR accounts and customer-focused approach to assisting traders.

Pros and Cons

👉 Pros	❌ Cons
💵 ZAR Accounts are available	❌ Individual stock trading not possible
👮‍♂️ FSCA regulations apply to this South African-based company
🧰 Provides a wide variety of trading tools
💰Trading costs are reasonable
🕵🏻 Ensures compliance with OTC regulations
⚖️ A vast variety of trading options are available

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

FXTM provides clients with the option to open either a standard or an ECN account.

FXTM’s Cent Account requires a minimum deposit of fifty dollars (USD) and has spreads that begin at one and a half pip, but the company also provides two market execution accounts on MT5 that have spreads that begin at zero pip and leverage that may go as high as one thousand to one.

The Advantage Account has the lowest commission of any account type at just 4 USD round turn and has the tightest spreads of any account type. The minimum deposit for this account is 500 USD.

Pros and Cons

✔ Pros	❌ Cons
Superb customer service	Inactivity and withdrawal fees
High maximum leverage	Limited product portfolio
Great educational tools

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 CySEC, FCA, FSC, FSCA
💵. Minimum deposit from	💰 $100
⚖️ Average spread from	👉 0.9 pips
📈 Commissions from	📈 No commission on Forex
💸 Deposit/Withdrawal Fees	🙅 $3
⚖️ Maximum Leverage	⚖️ 1:500 on average
🤑 Bonuses	💰 $300 Trading Bonus
❓ Customer Support	🏪 24/5

BDSwiss

In addition to Forex pairings, stocks, commodities, shares, indices, ETFs, and cryptocurrencies, BDSwiss also allows MT5 trading with no limits on trading strategy. B

BDSwiss provides traders of all skill levels with access to cutting-edge market information and education via its suite of MT5 trading tools. Experts from BDSwiss’ many fields provide analysis in the form of daily webinars, market insights, weekly outlook, and briefings.

Pros and Cons

✔️ Pros	❌ Cons
MetaTrader 4 and 5 available	Relatively high minimum deposit
Multiple regulations

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 CySEC, FSC, NFA
💵 Minimum deposit from	💰 $200
⚖️ Average spread from	👉 1.3 pips
📈 Commissions from	🚀 0.1% for stock and CFDs
💸 Deposit/Withdrawal Fees	💶 10 EUR from 20 EUR upwards
⚖️ Maximum Leverage	⚖️. 1:500
🤑 Bonuses	👍 No
❓ Customer Support	🏪. 24/5

FP Markets

With two MetaTrader 5 accounts and low spreads across Forex, stocks, commodities, indices, and cryptocurrency pairs, FP Markets is a top-tier broker that is regulated by the Australian Securities and Investments Commission (ASIC).

In addition to the RAW Account, FP Markets also offer a normal commission-free account with spreads beginning at 0 pips for a round turn commission per lot of USD 6. Both accounts require an opening balance of at least 100 AUD.

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

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

Pepperstone

Pepperstone is an Australian ECN broker that offers two basic accounts, is regulated by the Australian Securities and Investments Commission (ASIC), and offers full MetaTrader 5 (MT5) functionality, including hedging and share trading.

Scalpers and MT5 clients who use the platform’s built-in expert advisors will appreciate the speed with which most orders are processed.

Pepperstone’s Smart Trader Tools for MT5 is a collection of 28 expert advisers and indicators designed to facilitate better trade management and execution.

In addition, Autochartist, a robust pattern recognition plugin that automatically detects trading opportunities based on price movements, will be made available to all MT5 customers.

Pros and Cons

✔ Pros	❌ Cons
Low forex and equity index CFDs	Only forex, CFDs and cryptos available
No deposit fee
Negative balance protection

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 FCA, ASIC
💵. Minimum deposit from	💰 AUD200
⚖️ Average spread from	👉 0.4 pips
📈 Commissions from	📈 ‎$3.76 commission per lot per trade
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 None
❓ Customer Support	🏪 24/5

FxPro

FxPro is a reputable FCA-regulated broker that provides NDD execution on MetaTrader 5, MetaTrader 4, cTrader, and its own web-based trading platform.

Spreads on 70+ currency pairs, indexes, energy, and precious metals are competitive, and the minimum beginning deposit for an MT5 account is just $100.

The vast majority of trades are completed in within 10 m

s, and only 9% of orders have negative slippage. If you’re interested in using MT5’s algorithmic trading capabilities across a variety of assets, these execution data will come in very handy.

Pros and Cons

✔ Pros	❌ Cons
Wide selection of market instruments
Client funds stored in segregated accounts Low trading fees

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 FCA, CySEC, FSCA
💵. Minimum deposit from	💰 $500
⚖️ Average spread from	👉 1.7 pips
📈 Commissions from	📈 $45 per million USD traded
💸 Deposit/Withdrawal Fees	🙅 1.6% for debit and credit card
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 None
❓ Customer Support	🏪 24/5

XM

XM is a reputable market maker that supports the MT4 and MT5 platforms and has a large variety of account types, cheap minimum deposits, fast order execution, and a respectable selection of underlying assets.

XM’s Zero Account has no commission per lot and spreads as low as 0 pips. MT5 allows for hedging, scalping, and algorithmic trading.

If you’re interested in trading more than simply Forex, check out XM’s MT5 trial account, which comes with a virtual balance of $100,000 USD. Over a thousand different assets, including stocks, stock indexes, precious metals, and energy, will be available to traders.

Pros and Cons

✔ Pros	❌ Cons
Low CFD and withdrawal fees	Average forex fees
Great educational tools	Inactivity fees

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 IFSC, ASIC, CySEC, FCA and DFSA
💵. Minimum deposit from	💰 $5
⚖️ Average spread from	👉 0.1 pips
📈 Commissions from	📈 $3.5 commission per $100 000 traded
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:30
🤑 Bonuses	💰 $30 Trading Bonus
❓ Customer Support	🏪 24/5

AvaTrade

AvaTrade is a world-famous market maker that is licensed by the Financial Sector Conduct Authority (FSCA) and offers outstanding commission-free trading conditions on the MT5 platform.

Spreads on the EUR/USD pair start as low as 0.7 pips using AvaTrade’s MT5 trading platform, far less than with any other non-commission account. Forex, commodities, equities, indices, cryptocurrencies, bonds, and ETFs are all available to MT5 traders on AvaTrade.

Pros and Cons

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

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

Exness

Exness is a registered broker that provides low-cost trading with its MT5 Standard Account, as well as tight spreads and low minimum deposits with its three MT5 Professional Accounts.

A single dollar is all that’s needed to open an MT5 Standard Account with Exness, which gives you access to trading in all of their assets, including cryptocurrencies and indices.

Pros and Cons

✔ Pros	❌ Cons
Well-regulated
Tight spreads
Over 130 currency pairs

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 CySEC, FCA
💵. Minimum deposit from	💰 $1
⚖️ Average spread from	👉 1.3 pips
📈 Commissions from	📈 3 USD and 10 USD per 1 lot for CFDs
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:2000
🤑 Bonuses	💰 Standard +10% Bonus Programme

HF Markets

Three of HFM’s six account types have No-Dealing Desk STP execution, and the broker is regulated by South Africa’s Financial Sector Conduct Authority (FSCA) since 2012.

There is a very low minimum deposit requirement of only 70 ZAR or 5 USD for the MT5 Micro Account, and the spreads on the major Forex pairings are only 1 pip.

HFM’s MT5 Zero Spread Account provides traders with access to spreads as low as 0 pips and a round turn commission of 80 ZAR ($2.50) on major Forex pairs.

Pros and Cons

✔️ Pros	❌ Cons
Award-winning broker	Offshore broker
Well regulated
Low minimum deposit

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 CySEC, DFSA, FCA, FSA, FSCA
💵 Minimum deposit from	💰 $5
⚖️ Average spread from	👉 0.0 pips
📈 Commissions from	🚀 USD 0.03 per 1K lot.
💸 Deposit/Withdrawal Fees	💶 None
⚖️ Maximum Leverage	⚖️. 1:1000
🤑 Bonuses	👍 100% Supercharged Bonus
❓ Customer Support	🏪. 24/5

Other Resources

10 Best FSCA Regulated Forex Brokers

10 Best Nasdaq 100 Forex Brokers

10 Best Forex Brokers for Swing Trading

10 Best Same-day Withdrawal Forex Brokers

Why Trade Forex in South Africa?

Why Trade Forex in South Africa?

When it comes to trade forex in South Africa you will find it is a hotbed of activity. The country has a robust economy and is home to a large number of forex traders. In fact, according to the latest statistics, there are over 200,000 active forex traders in South Africa.

Are you looking for a new way to make money? If so, you may want to consider trading forex. Whether you understand how is an important factor you should consider with real money when trading cfds with a regulated South African broker who has an ODP licence. Forex is the world’s largest financial market, and offers traders a variety of opportunities to make profits. In addition, forex is trade 24 hours a day, five days a week, making it an ideal investment opportunity for those who have full-time jobs or other commitments.

The Forex Market

The global forex market is the largest and most liquid market in the world. Due to this liquidity, if you can afford to trade currency pairs and take the high risk involved on, it can be rewarding. It must be said that one can lose money when trading. The forex market is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail traders. The Forex Market is unique in that there is no central marketplace. Instead, trading takes place electronically over-the-counter (OTC). You should consider if you can afford to take on the risk of losing your money when you enter the forex market, as cfds are complex instruments and come with volatility, which can affect your trading positions rapidly due to leverage.

Understand how cfds work when you trade forex?

A cfds is a contract for difference, which is an agreement between two parties to exchange the difference in the value of an asset from the time the contract is opened until it is closed. With forex trading, you speculate on the movement of currency pairs, and you don’t actually own the underlying currency. When you open a position, you will be entering into a contract with your broker. For example, if you buy Euros with US dollars, you are speculating that the value of the Euro will increase against the dollar. If your speculation is correct and the currency pair increases in value, you will make a profit. If your speculation is incorrect and the currency pair falls in value, you will make a loss.

When trading forex, you will use leverage. Leverage is a loan that is provided to you by your broker. This loan allows you to trade with more money than you have in your account. For example, if you have a forex account with a leverage of 1:100, it means that for every R1 you have in your account, you can trade with R100. While leverage can help you make bigger profits, it also increases your risk because you are effectively trading with borrowed money. All of this is important to understand how cfds work.

Khwezi Trade is an authorised FSP and licenced ODP. You can trade cfds with this provider. Trading cfds with this FSCA regulated broker ensures your investor account is kept safe in a segregated trading account at all times. This means withdrawals will always be processed on time, all the time.

The High Risk of Losing

When trading forex, it is important to be aware of the risks involved. Forex is a high-risk investment, and it is possible to lose the entire value your retail investor account. Many traders have been burnt trying to get rich quick overnight. This strategy is not recommended and comes with a high risk.

In addition, forex traders should be aware of the potential for margin calls and stop-loss orders. A margin call occurs when your broker demands that you deposit more money into your account to cover losses. A stop-loss order is an order that closes your position automatically when it reaches a certain price. These orders are designed to limit your risk, but they can also limit your profits if the market turns against you.

The best way to avoid these risks is to practice risk management and use appropriate leverage.

Risk Management for forex trading

Risk management is the process of identifying, assessing, and controlling risk. It is an important part of forex trading, and it should be a priority for all traders.

There are a number of risk management tools available to forex traders. These tools can help you manage your risk and protect your capital.

Some risk management tools include:

Limit Orders

A limit order is an order to buy or sell a currency pair at a specific price. Limit orders can help you manage risk by allowing you to set the price at which you are willing to enter or exit a trade.

Stop-Loss Orders

A stop-loss order is an order that closes your position automatically when it reaches a certain price. Stop-loss orders can help you manage risk by allowing you to set the price at which you are willing to exit a trade.

Risk-to-Reward Ratio

The risk-to-reward ratio is the ratio of the potential risk to the potential reward of a trade. A higher risk-to-reward ratio means that the potential risk is higher than the potential reward. A lower risk-to-reward ratio means that the potential risk is lower than the potential reward.

Diversifying Your Portfolio

Diversifying your portfolio is a risk management strategy that can help you manage risk by spreading your investments across different asset classes.

Forex trading is a high-risk investment, and it is possible to lose the entire value of your account. However, if you practice risk management and use appropriate leverage, of retail investor accounts losing. Remember to always do your research before entering any trade, and never risk more than you are willing to lose.

So, why trade online in South Africa? Here are four reasons:

1. The South African economy is strong and stable.

The South African economy has been through a lot in recent years, but has emerged stronger than ever. This makes it an attractive destination for foreign investment, and provides a stable environment for forex trading due to a high level of regulation.

The South African economy has been through a lot in recent years, but has emerged stronger than ever. This makes it an attractive destination for online trading and provides a stable environment. The country has a well-developed financial sector and is the largest market in Africa. It offers a great opportunity for those looking to take advantage of the trading profession. A feather in the cap for South Africa is the well-regulated financial environment.

South African financial regulatory framework

Our regulation is one of the most comprehensive in the world. The country has a number of regulatory agencies that oversee different aspects of the financial sector, including the South African Reserve Bank (SARB), the National Treasury, and the Financial Sector Conduct Authority FSCA.

The SARB is responsible for regulating the banking sector and ensuring the stability of the financial system. The National Treasury is responsible for managing the government’s finances, and the FSCA is responsible for regulating the conduct of financial institutions in South Africa.

The FSCA regulatory framework provides a high level of protection for investors, and ensures that forex trading is conducted in a fair and transparent manner.

Over-the-Counter Derivatives Provider (ODP) Regulation

The ODP regulation is a new measure to ensure the safety of traders. This will have a big impact on the forex market and how it is traded.

With this new regulation, traders need to find an ODP in South Africa to trade with. To check you your broker has applied for the OTC licence in order to operate as an ODP click on the link of FSCA approved Over-the-Counter Derivatives Provider

There are a number of brokers operating in South Africa without an OTC licence which has resulted in the FSCA issuing directives to suspend their business activities. It is very important to ensure that you are trading with a financial authorised service provider and licenced ODP entity.

2. The forex trading community in South Africa.

If you’re looking for an exciting and vibrant forex trading community, South Africa is the place to be. Here you’ll find a large number of traders of all experience levels, from beginners to experts. There are a variety of forums and chat rooms where you can share ideas and tips with other traders. SA forex traders are some of the most active and vocal in the world. You’ll find a wealth of information and resources online, as well as offline through forex meetups and events.

South Africa is also home to a number of forex seminars, where you can learn from the pros and get started in forex trading. These seminars are attended by some of the top traders in the country, and provide a wealth of information and tips.

Alternative ways to make money in the forex industry in South Africa.

If you’re looking for an alternative to trading and you have a large network, you might consider becoming an affiliate to a reputable forex broker. As an affiliate, you’ll earn commissions on the trades that your referrals make.

3. The South African rand is a major currency.

The South African rand is one of the most traded currencies in the world, which means that there is always a lot of activity in the forex market involving the rand. This makes it easier to find trading opportunities, and also means that you can trade with a currency that you’re familiar with.

The price of a currency

A currency price is determined by supply and demand. When there is more demand for a currency than there is supply, the price will increase. When there is more supply than there is demand, the price will decrease.

Some of the factors that can affect the price of a currency include:

– Economic conditions

– Political events

– Central bank policy

– Geopolitical events

– Investor sentiment

So, why trade the USD/ZAR?

When it comes to trading currencies, the US dollar and the South African rand are two of the most popular options. In fact, the USD/ZAR currency pair is one of the most actively traded in the world.

The US dollar is the world’s reserve currency, which means that it is widely accepted as a form of payment. South Africa is a major trade partner of the United States, so there is always a high demand for rand. The USD/ZAR currency pair is also influenced by political and economic events in both countries.

The two currencies are strongly correlated, meaning that they often move in the same direction. This makes the USD/ZAR a risky but potentially profitable currency pair.

The Strength of the Dollar

The US dollar is currently strong against the Rand, at R17 for one dollar, and the volatility makes it a good time to trade the currency pair. The dollar has been strengthening for the past few months, and there is no indication that this will change anytime soon.

The key reason to its strength is due to safe-haven buying. This is when investors buy assets that are seen as being safe during times of economic or political uncertainty. The dollar is often seen as a safe-haven currency, so it tends to do well during periods of turmoil.

The US dollar is also benefiting from interest rate hikes factor that is contributing to the dollar’s strength is interest rate hikes. The US Federal Reserve has raised interest rates three times in the past year, and is expected to do so again in 2018. This makes dollar-denominated assets more attractive to investors, and drives up the demand for the dollar.

Another Popular currency pair is EUR/USD

The price of the base currency is the amount of the other currency that is needed to buy one unit of the base currency. In other words, it’s the price at which you can buy a given amount of the base currency.

For example, if the EUR/USD exchange rate is 1.02, this means that you need 1.02 US dollars to buy one euro.

4. Reputable forex brokers in South Africa who have an ODP

When you’re choosing a forex broker, it’s important to choose one that is regulated and offers a good range of features and tools.

Forex brokers who conduct business in South Africa need to be an authorised financial service provider and must have an ODP licence from the FSCA. The ODP licence is the most crucial factor to lookout for when trying to find a reputable broker as it guarantees its business has been vetted by the FSCA.

Read this article on best OTC Brokers in South Africa

Learn how to trade forex

When it comes to learning how to trade forex, there are a number of resources available. You can find information on trading platforms, and strategies on websites, forums, and chat rooms. You can also attend forex seminars and webinars where you can learn from experts in the industry.

With a little research and effort, you can be trading forex in no time. Here are two free website with great educational content:

– BabyPips

– Investopedia

Conclusion

If you’re looking for a new way to make money, forex trading could be the perfect opportunity for you. South Africa is a great place to trade forex. With a well-developed financial sector and good regulation ensuring a stable environment for trading. There is a large and active community of traders and you can choose from reputable OTC brokers in South Africa, so you can trade with confidence. So why not start trading forex today?

Khwezi a regulated FSP 44816 and fully licenced ODP

You want to trade forex, but don’t know how to get started or an experienced trader looking for a trusted broker.

Khwezi Trade is here to help. We are a regulated ODP with years of experience in the industry. We offer Forex, Indices and Commodities with low and stable spreads on the MetaTrader 5 trading platform and pride ourselves on our customer service.

Best OTC Forex Brokers in South Africa

Best OTC Forex Brokers in South Africa

Having an approved OTC application from the FSCA is vital to continue offering a trading platform in South Africa. There have only been a few OTC applications approved.

OTC brokers need to adhere to strict capital adequacy, corporate governance, and compliance requirements. These licences have been granted to ensure the safe trading environment for all South African forex traders.

When compared to STP brokers or NDD brokers, OTC providers offer smoother quotes during volatile conditions in addition to their standard deposit bonuses.

This presents a significant advantage for a variety of trading strategies and is one of the reasons why OTC providers are becoming increasingly popular.

We examine the best OTC Forex brokers in South Africa.

Khwezi Trade

Forex trading is offered through Khwezi Trade, a South African company. Khwezi Trade is subject to stringent regulations from the FSCA and possesses a complete authorization to operate as an ODP.

OTC derivative contracts are issued by a party referred to as an ODP, which stands for “over-the-counter derivatives provider.”

Khwezi Trade provides CFD and trading accounts denominated in Rand, and all customer monies are kept in accounts that are fully segregated and individualized within the South African banking system.

The MetaTrader 4 trading platform is one that Khwezi Trade makes available to their customers. Not only is the MT4 trading platform simple to operate, but it also comes loaded with a ton of helpful features.

Khwezi have secure servers ensuring an ultra -fast trading experience with low and consistent spreads.

Users of MT4 have access to a diverse range of charting tools, as well as a platform that is entirely modifiable and comes equipped with an embedded programming language.

This allows users to extend the platform’s capabilities by adding trading strategies, scripts, and indicators, among other things.

Pros and Cons

👉 Pros	❌ Cons
💵 ZAR Accounts are available	❌ Individual stock trading not possible
👮‍♂️ FSCA regulations apply to this South African-based company
🧰 Provides a wide variety of trading tools
💰Trading costs are reasonable
🕵🏻 Ensures compliance with OTC regulations
⚖️ A vast variety of trading options are available

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

QuickTrade

QuickTrade is a South African broker that has been granted authorization as a Financial Services Provider (FSP) by the Financial Sector Conduct Authority of South Africa. QuickTrade is a brand that belongs to QuickTrade (Pty) Ltd.

Additionally, an application for QuickTrade to be authorized as such has been submitted to the FMA. As a result, QuickTrade is subject to the restrictions that the FMA has in place for OTC derivatives providers as well as the legislation that the FSCA has in place that apply to OTC derivative providers.

You will find over 30 currency pairings to trade on the QuickTrade trading platform, some of which are exotic or minor, such as USD/ZAR, as well as equities, ETFs, Brent, crude oil, Natural Gas, gold, silver, platinum, and palladium, and 12 indexes.

The spread on forex trades begins at 1.2 pips and floats from there. This indicates that they are subject to change according to the circumstances of the market. For instance, if there is a lot of volatility in the market, the spreads will be a little bit greater, but they will never go lower than 1.2 pips.

Pros and Cons

Pros	Cons
👮‍♂️ FSCA Regulated Brokers	⚖️ Limited number of instruments
🇿🇦 ZAR Deposits allowed

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👮‍♂️ FCA
👇 Minimum deposit from	❌ None
⚖️ Average spread from	⚖️ 1.2 Pips
💵 Commissions from	💵 Variable
💰 Deposit/Withdrawal Fees	💰 Yes
💳 Maximum Leverage	⚖️ 1:500
🤗 Bonuses	🥹 None
🙋‍♂️Customer Support	🏪 24/5

Velocity Trade

Velocity Trade is a highly reputable and stringently regulated broker that has headquarters in the United Kingdom, Canada, Australia, South Africa, and New Zealand.

Velocity Trade is regulated and authorized by the FCA, IIROC, ASIC, FSCA, and FMA, which are the respective authorities in each of these countries.

Because Velocity makes it possible to trade a wide array of financial products in a number of different marketplaces throughout the world, the company is able to maintain and continuously increase its worldwide exposure.

Trades can be carried out through Velocity Trade using one of the most well-known, trustworthy, highly regarded, technologically advanced, and user-friendly trading platforms available, namely MetaTrader 4.

Traders have access to the greatest possible trading environment and a one-of-a-kind, all-encompassing trading experience thanks to the multitude of features that are included within MetaTrader 4.

Pros and Cons

👌 Pros	❌ Cons
👮‍♂️Regulated across multiple jurisdictions	🕵🏻 Wide spreads
👉 Comprehensive portfolio of assets	👉 No research or education
☪️ Islamic Account available

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FCA, IIROC, ASIC, FSCA, and FMA
💳 Minimum deposit from	💵 USD1
⚖️ Average spread from	⚖️ 3 pips
💵 Commissions from	💵 Variable
💳 Deposit/Withdrawal Fees	💰 Yes
💳 Maximum Leverage	⚖️ 1:500
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

GT247

GT247 is an online brokerage company that has its headquarters in Johannesburg, South Africa. Trading foreign currency and contracts for difference (CFDs) online is the broker’s primary focus.

They make over 250 different financial instruments available for trading on the advanced and potent trading platform known as MetaTrader 5 (MT5, which can be accessed via the web, desktop computers, and mobile devices.

GT247 is proud to have an effective customer support desk as well as a modern infrastructure, both of which contribute to the company’s ability to provide dependable transaction execution speeds together with competitive spreads.

Clients of GT247 have access to a research team that provides them with the most recent market news in addition to fundamental and technical analysis on a consistent basis.

Because there is no requirement for a minimum deposit, GT247 enables all of their customers to trade without any limitations. In addition, they support automated trading, scalping, and hedging strategies.

The MT5 trading platform that is made available to users is highly effective and packed with a variety of trading tools and functions.

However, the number of trading instruments offered by brokers might be expanded given the limited number of cryptocurrencies, commodities, and indices that are currently available for trading online.

Instead of expiring after one month, the sample account might have an infinite storage capacity. They only accept card payments and bank transfers for account funding; there is no opportunity to use an electronic wallet to fill your account with them.

Pros and Cons

👌 Pros	❌Cons
👮‍♂️ Regulated by the FSCA	💸 Inactivity fees
🙋‍♂️Market research provided	⚖️ Limited deposit methods
💻 MT5 available
🛠 250 trading instruments available

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FSCA
💵 Minimum deposit from	💵 None
⚖️ Average spread from	⚖️ Variable
💵 Commissions from	💸 None
💳 Deposit/Withdrawal Fees	💵 None
⚖️ Maximum Leverage	⚖️ 1:80
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

IG Markets

IG is one of the most prominent providers of online trading, and it gives investors access to chances in thousands of different financial markets through user-friendly platforms and mobile applications.

Both the Financial Conduct Authority (FCA) and the Financial Sector Conduct Authority (FSCA) have granted IG their authorization and regulation respectively.

The IG Trading Platform is an in-house trading platform that may be utilized for market research, the placement of trades, the monitoring of trades, and the editing of trades.

Users of IG have access to a diverse range of platforms, such as desktop platforms, trading apps, web-based platforms, and third-party programs such as MT4, ProRealTime, and APIs.

Users can select the platform that best suits their needs. Despite this, your best option continues to be the proprietary Trading Platform developed by IG.

Not only does IG offer one of the broadest selections of shares available for trading in the market, but there are also three distinct ways to engage in share trading with the company.

Additionally, it provides cutting-edge CFDs that other brokers do not offer, such as Sectors, the Crypto Index, and South African equities.

Pros and Cons

👉 Pros	❌ Cons
👍 Advanced proprietary platform	💸 High minimum deposit
⚖️ Extensive selection of assets
👮‍♂️ High level of regulation

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FSCA, ASIC, FCA, FMA
💵 Minimum deposit from	💸 $200
⚖️ Average spread from	⚖️ 0.8pips
💵 Commissions from	💰 USD6
💳 Deposit/Withdrawal Fees	🤗 None
⚖️ Maximum Leverage	⚖️ 1:200
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

ThinkMarkets

Although ThinkMarkets’ entry-level account has trading costs that are higher than average, this international broker that is also regulated by the FSCA is popular among experienced traders who place a high value on having access to a diverse selection of tradable assets and a comprehensive set of trading tools.

When compared to other brokers, ThinkMarkets provides trading on a greater variety of tradable assets. These assets include currency pairs, indices, commodities, more than 1500 share CFDs, and over 20 crypto pairs.

ThinkMarkets provides support for the MT4, MT5, and in-house ThinkTrader trading platforms. Additionally, traders have access to some of the most advanced trading tools available in the market, such as Trading Central, Zulutrade, and a Virtual Private Server (VPS) hosting service.

Pros and Cons

👉 Pros	❌ Cons
Low minimum deposit requirement	Limited info on spreads
Wide selection of trading platforms
High regulation

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FCA, ASIC, CySEC, FSA, FSCA
⚖️ Minimum deposit from	⚖️ None
⚖️ Average spread from	⚖️ 0.0pips
💵 Commissions from	💸 USD7
💵 Deposit/Withdrawal Fees	💵 None
⚖️ Maximum Leverage	💸 1:500
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

Other Resources

10 Best FSCA Regulated Forex Brokers

10 Best Nasdaq 100 Forex Brokers

10 Best Forex Brokers for Swing Trading

10 Best Same-day Withdrawal Forex Brokers

IG Markets

Easy steps to trade forex in South Africa

Easy steps to trade forex in South Africa

Trading foreign currencies, often known as forex, is a common method of making short-term investments as well as a supplementary or primary source of income for a great number of people all over the world.

Trading in foreign exchange (Forex) is possible in South Africa; nevertheless, many people who are interested in engaging in this market do not know how to get started.

This comprehensive tutorial discusses the fundamentals of the market, its most important terminology, and outlines easy steps to trade forex in South Africa.

Benefits of trading Forex in South Africa

Regulatory oversight

There are always going to be dishonest entities who wish to steal money from a trader’s account on the Forex market and never pay it back, despite the fact that this industry has a high potential for making profits.

Luckily, the Forex market in South Africa is thoroughly regulated by the FSCA and a successful ODP application is needed to comply with the regulation. Trading foreign currencies in South Africa is not in violation of any laws. Khwezi Trade was one of the first SA forex brokers to have a successful ODP application.

Residents of South Africa are permitted by law to engage in trading and to withdraw any gains they make. The only thing that a trader in South Africa needs to keep in mind is that a profit made through forex trading is taxable, and that they need to figure out how much tax they owe and pay it.

Always check to see if a broker is regulated by the Financial Sector Conduct Authority (FSCA) in order to prevent falling victim to con artists. This organization advocates for a robust trade and financial environment that is filled with healthy competition.

Easy entry requirements

A new trader in the foreign exchange market in South Africa only has to have some cash on hand and a computer or smartphone that is connected to the internet.

In South Africa, the least amount required to begin trading forex is R500. Added to this, brokers like Khwezi Trade provide a Zar One , which has a lower entry threshold. Therefore, it is not difficult to break into this industry in South Africa.

Access to Forex education

Every retail Forex broker company has the same goal, which is to attract and involve new traders. The provision of a learning course is both one of the most straightforward and productive ways to accomplish this goal.

Brokers such as Khwezi Trade make these available at no additional cost. The brokers provide numerous educational resources, including free webinars, individual lessons and learning courses, glossaries and Demo Accounts.

Khwezi Trade provides clients with the ability to practice their trading skills without the risk of incurring big losses through the use of Demo Accounts.

Accreditation is granted by Forex education programs offered by a subset of specialist schools, universities, and learning institutes. The price of the course and how long it lasts are both determined by the timetable and the courses that are selected.

As a general rule, these institutions provide a free introductory lecture as well as several different packages, including basic, extended, and professional.

Free educational opportunities provided by a brokerage like Khwezi Trade should be sufficient for a novice to get off to a good start in the market.

On the foreign exchange market, recognized diplomas aren’t required; what matters more is a trader’s personality as well as their set of hard and soft abilities.

Steps to start Forex trading in South Africa

Choose a regulated Forex broker

Trading foreign exchange in accordance with local laws is now open to all individuals in South Africa.

To get started trading online, all you need is a computer or other device, a reliable and speedy internet connection, some starting capital, and a sound trading plan that incorporates appropriate risk management.

To get started trading foreign exchange, the first thing you need to do is select a reputable and regulated forex broker like Khwezi Trade with an approved OTC license, and then open an account with them. Because the broker plays such a critical part in your deal, selecting a good broker is an important step that you must take.

You also need to make a decision regarding the Account Base Currency that you would like to use. Some South African foreign exchange brokers provide ZAR Base Currency Accounts, which might be helpful in certain circumstances.

Additionally, your currency broker should allow deposits and withdrawals in South African Rand (ZAR) via bank transfers and electronic funds transfers (EFT). Khwezi Trade offers no fees on deposits or withdrawals and allows you to trade at 0% commission.

Understand leverage

When we talk about leverage, we’re generally referring to situations in which we borrow money in order to make financial investments.

When trading foreign exchange, the term “using leverage” refers to the practice of borrowing money from one’s broker in order to place an order for a larger position than one’s actual capital permits.

But leverage is kind of like a double-edged sword in that it has the potential to increase your profits if you’re right, but it also increases the risk of a bigger loss to you if you’re wrong. If you’re right, it can increase your profits; if you’re wrong, it can increase the risk of a bigger loss to you.

A trader has the ability to take a position that is 100 times the amount of starting margin if the leverage is set at 100:1. If the trader is not careful when setting up the stop-loss order, it is possible that your trading account may be depleted very rapidly.

Understand your margin requirements

Margin refers to the amount of money that must be available in your trading account before you can engage in forex trading.

The margin requirements needed to open a trade with a forex broker are the amount of money that must be kept on deposit with the broker while your position is open.

If your margin falls below a certain level that the broker considers acceptable, the broker will send you a notification asking you to get it back up to the acceptable levels.

Make use of Stop Losses

You can select when to get out of a losing trade by using something called a stop loss, which is a level that you can set at the price that you choose.

Losses are unavoidable, but the way in which they are handled is of critical importance. When you place an order to buy or sell something, you should never forget to set a stop loss.

A number of brokers also provide a service known as GSLO, which stands for “Guaranteed Stop Loss.” This service ensures that your position will be closed at the price limit that you specify in your order.

How to use trading strategies for beginners

Fundamental Analysis

Trading is often based on various news announcements while using fundamental analysis.

Fundamental analysts are of the opinion that the price of currency can be determined by conducting an analysis of a country’s economic indicators such as inflation, economic growth rates, interest rates and monetary policy, and unemployment rates, etc., and that decisions regarding the movement of currency can be based on the results of such an analysis.

If you wish to make this your main trading technique, there are lots of online Forex news calendars that you can access for free. You can also obtain a sense of how a specific piece of information may affect the movement of the market either upward or downward by using fundamental analysis.

Technical analysis

Trading based on technical analysis, which is by far the most common trading method, is, in essence, trading using charts. Learning this method is essential for both day traders trading over the short term and swing traders trading over longer time frames.

When trying to predict how the market will behave in the future, a technical trader relies heavily on the asset’s past prices to create their predictions.

According to the principle of technical analysis, the emotions of market players are represented in the current and historical prices, which can be seen through charts. These prices can be seen on charts.

In the foreign exchange market, technical traders may make use of a variety of chart patterns and indicators in order to purchase or sell currency pairs.

Best strategy approach for beginners

You need to make use of both basic and technical analyses in your decision-making. Even if you trade based on chart patterns, you still can’t ignore the news because markets are generally affected both in the short term and the long term by variables that affect the economy of the country.

It is wise to learn about both methods on demo first, then spend enough time analysing the charts and also analysing how the currencies are influenced during news hours. Only after doing all of this should you trade depending on the approach that is successful for you.

Final Thoughts

Forex trading can be a profitable venture for investors in South Africa, as it has a low barrier to entry, can be traded 24/5, and provides a wealth of opportunities to profit from global currency price fluctuations.

Beginner traders should start by signing up with a ODP Forex broker in South Africa, and then go on to educate themselves, practice in demo accounts, and apply sound risk-adjusted strategies to make the most out of their trading endeavours.

Other Resources

10 Best FSCA Regulated Forex Brokers

10 Best Nasdaq 100 Forex Brokers

10 Best Forex Brokers for Swing Trading

10 Best Same-day Withdrawal Forex Brokers