African

Forex regulation refers to the rules and laws that forex industrialization companies must comply with. This policy is designed to protect users from financial risks, price abuse, and order fraud. Carry on reading to know about some regulated forex brokers in South Africa and why you should consider them!

Veracity Markets

Veracity Markets is a registered trademark of Veracity Markets (Pty) Ltd registered in South Africa. Veracity Markets, which officially launched in early 2020 is a broker that aims to enable individuals and their clients to trade with confidence in the market. Headquartered in South Africa, they support over 20 languages ​​and offer over 250 financial instruments and CFDs. Veracity Markets is a licensed financial services provider covered by the Financial Advisory and Intermediary Services Act No 37 of 2002 – FSP4701. It offers three types of accounts; Standard Account, Fixed Account and ECN account. Its minimum deposit starts from a low price of $10 for Standard account and goes to $250 for other two. It offers a maximum leverage of 1:500. It supports the usage of the MT4 trading platform on mobile phones.

GlobeX360

Globex360 is an online transaction provider focused on the African continent. Globex 360, also known as FSCA, is regulated by the Audit Office of the South African Ministry of Finance. Globex360 has financial partners around the world, with financial partners in South Africa, Kenya, Botswana, Nigeria, Chile and Australia. It offers different types of trading accounts that suit both beginner and experienced traders. It is regulated by the Financial Sector Conduct Authority in South Africa, also known as (FSCA). It is in accordance to the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA 2002), the Prevention of Corruption Act 2002 (POCA 2002) and the Prevention of Terrorism Act 2002 (POTA 2002).

MarketsX

Marketsx is a high performance trading platform operated by Markets.com, a leading market maker regulated by CySEC. TradeTech Markets (South Africa) PTY Ltd is the dealer of Markets.com in South Africa and has been regulated by the FSCA since 2012. Marketsx offers over 2,200 financial instruments for fast and profitable traders. Marketsx is a single account platform with a minimum investment of $ 250. With varying loads, Marketsx provides traders with a new and improved platform that provides sophisticated maps, moving lines, channels, playgrounds and comprehensive design tools. Deposits and withdrawals are fast and free, and there is a Knowledge Center with training materials and business opportunities.

Khwezi Trade

Khwezi Financial Services, the parent company of Khwezi Trading, is operated in South Africa by the FSCA (FSP: 44816). Although Khwezi Trading is not subject to international regulation, it actively provides segregated accounts for client funds with Standard Bank and ZAR, providing an additional layer of security. Khwezi Trade offers MT4 traders 4 different types of accounts, the minimum investment in an account is 2000 ZAR. When trading Forex, there is no commission for an account, but all transactions on the charts and commodity charts require a commission of 3 ZAR. Deposits and withdrawals are fast and free and copy transactions are also available.

 

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