10 Best Forex Brokers with Volatility 75 Index

Disclaimer: Khwezi Trade is looking to implement the VIX75 in the future.  

As a short-term hedge during the market upheaval, the Volatility 75 Index is an excellent tool for traders. Volatility 75 Index trading is available from a number of reputable brokers who provide high leverage and favorable trading conditions.

In this article, we break down the best Volatility 75 index forex brokers in South Africa. Along with this, they also offer traders solid regulation, a wealth of trading features, and excellent customer support.

Volatility 75 Index Forex Brokers for South African Traders:

Khwezi Trade

khwezi trade image

As a financial services provider, Khwezi Trade is a subsidiary of Khwezi Financial Services and a South African brokerage firm.

To ensure the safety of its clients’ money, Khwezi Trade is regulated by the Financial Services and Markets Authority (FSMA). FSCA-registered representatives are also employed by Khwezi Trade.

In addition to currency pairs, commodities, and indices, Khwezi Trade offers trading on a number of global markets.





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

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👍 FSCA
đŸ’ĩ Minimum deposit from💰 ZAR500
⚖ī¸ Average spread from👉 0,6 pips
📈 Commissions fromN/A
💸 Deposit/Withdrawal FeesN/A
⚖ī¸ Maximum Leverage⚖ī¸. 1:400
🤑 Bonuses👍 30%
❓ Customer SupportđŸĒ. 24/5

HotForex

HotForex-Logo

The FCA, CySEC, and the FSCA are just a few of the key international agencies that oversee HotForex.

HotForex has been named one of World Finance Magazine’s Top 100 Companies.

According to the client’s location (Europeans will only have access to three account types), HotForex offers six different account types, and the trading requirements change as the minimum deposit grows.

All accounts have variable spreads, but the Zero account offers the tightest spreads on FX pairs.

A surcharge is applied depending on the volume of trades made.




HotForex Pros and Cons

✔ī¸ Pros❌ Cons
Commission-free trading offered along with a ZAR accountFixed spreads are not provided
Education materials are provided along with an economic calendar, and other tools
Loyalty program, deposit bonuses, and other promotions offered
Tight average spread is offered on major currencies such as EUR/USD

HotForex features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 CySEC, FCA, DFSA, FSA, FSCA, CNMV, BaFin
đŸ’ĩ Minimum deposit from💰 $5 / ZAR R80
⚖ī¸ Average spread from👉 0.0 pips
📈 Commissions from📈 $3 / ZAR R48
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:1000
🤑 Bonuses💰 Yes
❓ Customer SupportđŸĒ 24/5

AvaTrade

Avatrade-Logo

Forex, CFDs, spread betting, and social trading is all available through AvaTrade, a global broker headquartered in Dublin, Ireland.

A $250 minimum deposit is required to get started with AvaTrade, and a demo account is available for individuals who wish to familiarize themselves with the well-known MT4 forex trading platform.

Mobile apps for Android and iOS are also available from AvaTrade.

Demo, Micro, Mini, Standard, and Islamic trading accounts are all available at AvaTrade. The lowest deal size is 0.01 Lot, and AvaTrade supports a broad number of languages, including English and Italian.

AvaTrade has become exceedingly popular with traders around the world for its advanced trading environment that is complemented by a user-friendly interface and highly responsive customer support.

AvaTrade is a good pick for both beginner and advanced traders.

AvaTrade Pros and Cons

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

AvaTrade features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 Central Bank of Ireland, MiFID, ASiC, BVI
đŸ’ĩ. Minimum deposit from💰 $100
⚖ī¸ Average spread from👉 0.9 pips
📈 Commissions from📈 No commission on Forex
💸 Deposit/Withdrawal Fees🙅. None
⚖ī¸ Maximum Leverage⚖ī¸ 1:400
🤑 Bonuses💰 First Deposit Bonus
❓ Customer SupportđŸĒ 24/5 – multilingual

Saxo Bank

SaxoBank-Logo

Saxo Bank is ideal for traders who can afford the minimum deposit of USD 10,000 (GBP 500 for the UK).

Saxo Bank offers competitive pricing, outstanding trading platforms, brilliant research, solid customer support, and 40,000+ products to the trade.

In order to provide a superior research experience, Saxo Bank uses a combination of in-house research of the highest quality and research from reputable third parties.





Saxo Bank Pros and Cons

✔ Pros ❌ Cons
Low trading feesRelatively slow account opening
Transparent fee structureVery high minimum deposit

Saxo Bank features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 FCA, ASIC, FINMA
đŸ’ĩ. Minimum deposit from💰 $10 000 / 160 000 ZAR
⚖ī¸ Average spread from👉 0.3 pips
📈 Commissions from📈 $3 / 48 ZAR
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:200
🤑 Bonuses💰 None
❓ Customer SupportđŸĒ 24/5

Plus500

Plus500-Logo

Plus500 is a well-known global brand with an easy-to-use website.

Over 2800 instruments are presently available on Plus500’s platform, which is more than other CFD suppliers.

The look and feel of the Plus 500 app are identical to the web version, and it was won numerous industry awards.





Plus 500 Pros and Cons

✔ī¸ Pros❌ Cons
Commission-free trading is offered across the range of assets that can be tradedFixed spreads are not offered
The broker provides market news and in-depth insight into market conditionsThere is an inactivity fee charged on dormant accounts
Offers more than 2,000 tradable instruments that can be traded using any type of trading strategy
Provides a range of funding options including bank transfer, credit cards, debit cards, and others
Offers flexible trading conditions and a powerful proprietary trading platform and mobile trading app

Plus 500 features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👍 FCA, ASIC
đŸ’ĩ Minimum deposit from💰 ZAR/ R1600
⚖ī¸ Average spread from👉 0,8 pips
📈 Commissions fromN/A
💸 Deposit/Withdrawal FeesN/A
⚖ī¸ Maximum Leverage⚖ī¸. 1:300
🤑 Bonuses👍 25EUR / ZAR R420
❓ Customer SupportđŸĒ. 24/7

IG

IG-Logo

IG is a reputable and well-established broker that offers traders a large number of items that can be traded.

As well as exceptional trading and research tools, industry-leading education, and competitive pricing.

The type of account you can open depends on where you live.

Only forex, CFDs, and options are available for trading in the majority of countries.

There are more than 17,000 assets that may be traded on the IG platform, as well as powerful research tools and competitive spreads.




IG Markets Pros and Cons

✔ Pros ❌ Cons
Powerful and user-friendly trading platforms providedInactivity fees are applied to dormant accounts
Tight spreads and low commissions offeredThere is a high minimum deposit requirement
Multi-regulated and trusted broker
Withdrawal and deposits are free
FIX API DMA trading supported
Offers Islamic Accounts

IG Markets features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 FCA
đŸ’ĩ. Minimum deposit from💰 R4 000 ZAR
⚖ī¸ Average spread from👉 0.6 pips
📈 Commission📈 No
💸 Deposit/Withdrawal Fees🙅 No
⚖ī¸ Maximum Leverage⚖ī¸ 1:50
🤑 Bonuses💰 No
❓ Customer SupportđŸĒ 24/5

eToro

Etoro-Logo

eToro was established in 2006.

eToro is a CFD and Social Trading broker based in Cyprus, and the UK and has its head office there.

CFDs, Social Trading, and eToro trading all require a minimum investment of $200, and the platform is suitable for traders of all skill levels, from novices to seasoned pros.

Demo, Standard, and Islamic trading accounts are available through eToro. English, German, Spanish, French, and Italian are all supported by eToro.




eToro Pros and Cons

✔ Pros ❌ Cons
Advanced copy trading softwareHigh withdrawal fees
Low minimum depositHigh trading fees for forex
No deposit feesOnly one base currency available for accounts

eToro features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 CySEC, FCA, ASIC
đŸ’ĩ. Minimum deposit from💰 $50 / 800 ZAR
⚖ī¸ Average spread from👉 0.75 pips
📈 Commissions from📈 No commission on stocks and ETFs
💸 Deposit/Withdrawal Fees🙅 $5 / 80 ZAR
⚖ī¸ Maximum Leverage⚖ī¸ 1:30
🤑 Bonuses💰 Yes
❓ Customer SupportđŸĒ 24/5

Pepperstone

Pepperstone-Logo

There are an average of $12.55 billion trades processed by Pepperstone each day.

Pepperstone is well recognized for its vast array of third-party trading platforms.

Pepperstone was launched in Melbourne in 2010.

Traders can take advantage of cheap pricing, exceptional customer support, and a wide range of third-party platforms with Pepperstone.





Pepperstone Pros and Cons

✔ Pros ❌ Cons
Well-regulated and large international trading providerThere are no fixed spread accounts offered
Social trading opportunities are offeredA limited selection of tradable financial markets
Negative balance protection applies to retail investor accounts
Offers some of the best customer service and a trusted trade execution model
Supports the use of any trading style or trading strategy, ensuring the best average spread on all instruments
Best broker for beginners who are just starting and offers demo accounts with virtual funding

Pepperstone features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 FCA, ASIC, DFSA, CySEC, CMA, SCB
đŸ’ĩ. Minimum deposit from💰 $0 / 0 ZAR
⚖ī¸ Average spread from👉 0.6 pips
📈 Commissions from📈 $3.76 / 60 ZAR per lot
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:30
🤑 Bonuses💰 No
❓ Customer SupportđŸĒ 24/5

XTB

XTB-Logo

XTB is a Forex, CFD, and cryptocurrency broker that was established in 2002.

This broker has its headquarters in Poland, although it operates on a global scale.

Mobile apps for Android and iOS, as well as customer help in a wide range of languages, are available for XTB customers.

XTB also provides traders with a wide selection of languages to choose from when it comes to customer service.




XTB Pros and Cons

✔ Pros ❌ Cons
Low trading feesHigh stock CFDs
Free deposit and withdrawalLimited asset portfolio

XTB features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 KNF, FCA, CySEC and IFSC
đŸ’ĩ. Minimum deposit from💰 $250 / 4000 ZAR
⚖ī¸ Average spread from👉 1.02 pips
📈 Commissions from📈 0.08% of trade value with $8 / 128 ZAR minimum
💸 Deposit/Withdrawal Fees🙅 $30 / 480 ZAR on withdrawals of less than $50 / 800 ZAR
⚖ī¸ Maximum Leverage⚖ī¸ 1:500
🤑 Bonuses💰 $40 / 640 ZAR No Deposit Bonus
❓ Customer SupportđŸĒ 24/5

City Index

City Index-Logo

City Index was established in 1983.

Online traders may trade in more than 12,500 products and over 100 currency pairings on the famous MT4 forex trading platform with City Index.

The City Index mobile app is available for both Android and iOS devices.

City Index is a global broker with its headquarters in the United Kingdom.

To get started, new traders must deposit a minimum of $25.

City Index is available in a variety of languages, including English, Spanish, German, Arabic, Polish, and Chinese.


City Index Pros and Cons

✔ Pros ❌ Cons
Low trading feesLimited product portfolio
No fees for deposit and withdrawal
Comprehensive research tools

City Index features

👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 FCA, ASIC
đŸ’ĩ. Minimum deposit from💰 $100 / 1600 ZAR
⚖ī¸ Average spread from👉 0.5 pips
📈 Commissions from📈 $3 / 48 ZAR
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:200
🤑 Bonuses💰 Deposit Bonus
❓ Customer SupportđŸĒ 24/6

Further Reading

10 Best FSCA-Regulated Forex Brokers in South Africa
10 Best Forex Brokers in South Africa
10 Best Forex Brokers in South Africa with ZAR Accounts
10 Best Forex Brokers in South Africa with Low Minimum Deposit
10 Best Forex Brokers in South Africa with High Leverage

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