How is forex trading taxed in South Africa

How is forex trading taxed in South Africa?

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

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

Pros and Cons

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

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

Pros and Cons

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

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