10 Forex No Deposit Bonus Brokers in South Africa-Khwezi

10 Forex No Deposit Bonus Brokers in South Africa

Khwezi Trade Pros and Cons

✔ Pros ❌ Cons
Trusted forex broker with regulation through the Financial Sector Conduct AuthorityNo crypto deposits accepted
Khwezi Trade is an industry-leading broker and is one of the first non-bank entity to receive OTC licensingThere are limited account base currency options
Khwezi Trade is an authorised FSP and ODP in South AfricaUS clients are not accepted
Traders are provided access to powerful trading technology
Competitive spreads are offered
There is a decent maximum leverage ratio offered

Khwezi Trade features

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

Tickmill Pros and Cons

✔️ Pros❌ Cons
STP model
Advanced trading software
Competitive pricing
Well regulated
High leverage

Tickmill features

👉 Featureℹ️ Information
👮‍♂️ Regulation👍 FSCA
💵 Minimum deposit from💰 $100
⚖️ Average spread from👉 0.1 pips
📈 Commissions from📈 2% per 100,000 traded
💸 Deposit/Withdrawal Fees🙅 None
⚖️ Maximum Leverage⚖️ 1:500
🤑 Bonuses👍 $30 Welcome Bonus
❓ Customer Support🏪 24/5

HotForex Pros and Cons

✔️ Pros ❌ Cons
No deposit or withdrawal feesHigh commission charges on the Zero account
Competitive spreads

HotForex features

👉 Featureℹ️ 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

FBS Pros and Cons

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

FBS features

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

XM Pros and Cons

✔️ Pros❌ Cons
Low minimum depositInactivity fee charged after 90 days on live accounts
Comprehensive educational offeringLimited product portfolio
Streamlined account opening process

XM features

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

Naga Pros and Cons

✔️ Pros❌ Cons
Investors Compensation Fund MemberOnly supports 11 cryptocurrencies
Range of user-friendly platformsSmall withdrawal fee charged
Range of deposit and withdrawal methodsWeb-based trading platform may not attract professional traders
Wide range of tradable instruments

Naga features

👉 Featureℹ️. Information
👮‍♂️ Regulation👉 CySEC
💵 Minimum deposit from💰 $30
⚖️. Average spread from👉 0.0 pips
📈 Commissions from📈 0.20% on Equities and ETFs
💸. Deposit/Withdrawal Fees🙀 Yes
⚖️. Maximum Leverage⚖️. 1:200
🤑 Bonuses💰 Yes
❓ Customer Support🏪 24/5

InstaForex Pros and Cons

✔️ Pros❌ Cons
Commission-free trading offered
MetaTrader 4 and 5 offered
Variety of account types offered
Variety of financial instruments
Well-regulated by several entities
EU citizens are not restricted by the leverage, as they operate under BVI regulations.

InstaForex features

👉 Featureℹ️ Information
👮‍♂️ Regulation👉 CySEC, BVI, SVGFSA
💵 Minimum deposit from💰 $1
⚖️ Average spread from👉 0.0 pips
📈 Commissions from📈 0.03%
💸 Deposit/Withdrawal Fees🙅 None
⚖️ Maximum Leverage⚖️ 1:1000
🤑 Bonuses💰 Yes
❓ Customer Support🏪 24/5

AM Broker Pros and Cons

✔️ Pros❌ Cons
Three account types to choose fromLimited account funding options
Competitive trading conditions offeredEU and US clients are not accepted
Trading tools offeredOnly one type of retail account offered
Education provided

AM Broker features

👉 Featureℹ️ Information
👮‍♂️ Regulation👉 FSA SVG
💵. Minimum deposit from💰 $1000
⚖️ Average spread from👉 0.0 pips
📈 Commissions from📈 0.1 USD
💸 Deposit/Withdrawal Fees 🙅 None
⚖️ Maximum Leverage⚖️ 1:5000
🤑 Bonuses💰 Yes
❓ Customer Support🏪 24/7

SuperForex Pros and Cons

✔️ Pros❌ Cons
Regulated brokerOffshore regulation
Social trading supportedOnly one trading platform supported
MetaTrader 4 supportedSpreads are not the tightest in the industry
Managed accounts offered
Choice in retail trading accounts

Superforex features

👉 Featureℹ️ Information
👮‍♂️ Regulation👉 IFSC
💵 Minimum deposit from💰 $1
⚖️ Average spread from👉 Variable
📈 Commissions from📈 None
💸 Deposit/Withdrawal Fees🙀 Yes
⚖️ Maximum Leverage⚖️ 1:1000
🤑 Bonuses💰 Yes
❓ Customer Support🏪 24/7

AvaTrade Pros and Cons

✔️ Pros❌ Cons
Broad range of tradable instrumentsHigh EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

AvaTrade features

👉 Featureℹ️ 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