Khwezi Trade Review

Overview

Khwezi Trade is a South African broker, operating from Cape Town since 2013. Khwezi Trade is a division of Khwezi Financial Services, an authorized financial services provider (FSP 44816). Khwezi Financial Services are also in communication with the local regulator, the FSCA regarding the new license for Over-the-counter Derivatives providers (ODP Licence). To date, no non-bank entities have been issued a license and the only requirements are to apply. Khwezi Financial Services believe they will be one of the first Forex brokers to receive this license soon.

Below we share a full review of Khwezi Trade.

Trading Platform

Khwezi Trade offers clients access to the market via their Rand-based MetaTrader 4 platform. Many brokers are currently moving over to the MetaTrader 5 and in due course, Khwezi Trade will also follow suit once Metaquotes stops support for MetaTrader 4. In their view, MetaTrader 4 is still very much in demand and is still being used by thousands of traders because of its simple programming language and many indicators, EA’s, and templates in their current codebase.

Khwezi Trade Instruments

Khwezi Trade offers clients access to the following instruments:

• Forex
• Indices
• Metals
• Oil & Gas

Khwezi Trade has partnered with some of the best liquidity providers to provide instant execution, minimal latency, and server located in key areas to make sure order execution is completed as fast as possible.

Khwezi Trade Customer Service

Khwezi Trade boasts a flawless customer record, making great customer service their number 1 priority. The on-boarding process is quick and easy, with 3 deposit methods once your documents have been verified. If you experience any issues their customer service team is ready to assist you where needed.

Deposits & Withdrawals

Khwezi Trade offers 3 deposit methods, EFT, Instant EFT and Credit/Debit Card. Deposits are allocated immediately for Instant EFT and Credit/Debit Card transactions and for normal EFT you can simply send your proof of payment to admin@khwezifs.coza and their friendly staff will allocate your deposit in minutes. Withdrawals are processed daily, at 15:00. Any requests received before 15:00 will be processed and paid on the same day. Requests received after 15:00 will be processed the following day. Khwezi Trade requires for your first withdrawal a copy of your bank statement no older than 3 months.

Safety of funds

Khwezi Trade is one of very few brokers that offer true segregated bank accounts for all clients. Khwezi Financial Services has been appointed as an agent of Standard Bank of SA and are able to open a TPFA (Third Party Funds Administration) bank account for each client, under their Category 2 Licence. In short, each client’s money stays in an account in their name, this being a big benefit for your safety of funds. Khwezi Financial Services also carries Personal Indemnity & Fidelity Insurance as per the requirements of the FSCA.

Education

Khwezi Trade offers a range of beginner’s videos with step-by-step instructions on how to Open, Login and Operate your trading account. Khwezi Trade also have Account Managers, all registered with the FSCA willing to assist clients where needed. Khwezi Trade offers a vast array of services and account types which you can view on their website or speak to their friendly staff.

Conclusion

Khwezi Trade is a proudly South African broker, with good customer service, consistent product offering, and safety of funds as their core values. If you are a trader that is serious about knowing where your money is, Khwezi Trade should be worth your consideration.