Are you planning to start forex trading but do not know enough about top forex brokers in South Africa? If yes, then this article is surely for you.
Everyone is trying hard to uplift the standard of life, but it demands a hefty amount of money. So, to enhance your income, you must diversify sources, and trading can be an option. Understanding your problem, we have come up with the 3 top forex brokers in South Africa. Therefore, delve into the article to explore more.
The parent company of Blackstone Futures is Trade National Financial (Pty). It shows it is high-regulated because this business firm is regulated by FCA in the United Kingdom, SCB in the Bahamas, and ASIC in Australia. The broker type of Blackstone Futures is an STP(straight-through processing) broker. The good thing about this broker is offering zero conflict of interest to its traders. It greatly helps in increasing the lifetime or duration of the customer accounts.
The traders can kick start trading on this platform by a trivial amount of $100. When it comes to trading options, it is worth mentioning here that you have a wide range of options at this marketplace, such as Neteller, Skrill, EFT(Electronic Funds Transfer), Debit/Credit card OZOW, and bank wire transfer.
Unlike various other forex traders, it does not give the facility of multiple account types. In addition, there is no Islamic or swap-free account. Blackstone Futures support three currencies USD, GBP, and EU.
Exness is one of the most excellent forex markets that are currently existing in the market. It has almost 107 currency pairs. Furthermore, twelve commodities and six cryptocurrencies are allowed on this platform. Exness also offer a good range of assets. But the equity traders are not satisfied with the stock it provides.
Most of the users prefer a company with a wide variety of account types. If you are one of them, you will be glad to know that they provide four types of accounts.
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Another amazing thing about exness is its low minimum deposit. You can start trading just by depositing a trivial amount of $10.
But keep in mind that it is for Standard account only in case of Pro and Raw Spread the minimum deposit amount jumps to $200. Now, let’s shed light on the trading platforms, Exness allows its customers to trade on MetaTrader 5 and MetaTrader 4 for Max, Web, Windows, and Linux.
Markets.com is another globally famous forex and CFD broker. It was established in 2008 and regulated by renowned financial regulatory bodies such as Financial Conduct Authority (FCA) and Cyprus Securities(CySEC).
It has two main platforms that allow clients to trade in several financial instruments. The marketsx platform is utilized for CFD trading. On the other hand, the marketsi is for investing and stock trading purposes.
To wrap up the discussion, we would say that we have described the main features of 3 top forex brokers in South Africa in this article. It is highly significant to conduct proper research before selecting a broker company for trading.