Within recent years, the Forex market has been experiencing recovery and growth worldwide with the beginning of the end of the 2020 Covid crisis. The FSD regulated forex brokers in the South African industry also saw an early peak in activity and growth but has fallen behind as foreign exchange broker activity has diminished since 2020.
Although South African Forex Brokers are not as well-known as their international counterparts, many of the forex brokers listed below are major South African Forex industry players. They have become household names amongst South African traders.
GlobalForex.com.za has experienced significant growth in the last 12 months, with several international clients such as Z-cash joining the Global Forex market. They provide their clients with flexible and affordable trading options and other customized services to build a strong relationship with them.
The company has an extensive range of forex currency pairs and currency pairs which they provide along with individual currency charts. The Global Forex website also features an excellent ‘margin & Forex calculator,’ allowing clients to provide the website with their trading performance and trading goals and then compare them to a historical benchmark.
CanBuoy.co.za is a forex broker located in Johannesburg, South Africa. The broker offers competitive margin trading, spread trading, currency pairs, and more. The brokers are well known for providing easy-to-understand explanations of the market and technical analysis to their clients.
They also provide a range of risk management tools that helps investors to select the most profitable trading strategy. The company provides live chat, a live real-time interactive chat with market data updates for traders, a daily market review with up-to-date quotes, charts, currency signals, and real-time news and news updates with financial experts and specialists.
CFXForex is a big player in the South African Forex Broker industry. The company has a huge range of forex trading currency pairs, interest rates, and currency analysis with all clients given a detailed explanation of the trading strategy and risk involved.
The brokerage services are also priced very competitively. They have a range of reporting tools available, from their Daily Forex Market report, Trend and Momentum Analysis, the Expert Events of the Market, and the Weekly Forex Watch. The broker offers very competitive rates for trades between 60-300 basis points with a range of currency pairs and a 24-hour chat facility available.
Fenaforex.co.za is an online broker and offers its clients a range of forex options. They offer competitive trading platforms along with a number of reports and market research tools to help traders. The forex broker also offers highly competitive Forex currency trading rates and offers competitive trading fees for trades from 60-300 basis points.
The brokers aim to provide a transparent trading environment for clients and have integrated themselves into the market with a quick-connect system. The company also has a 24-hour chat option and live chat support available and a 24-hour technical analysis that covers currency pairs and currency charts.
AntiguaForex.co.za is another Forex broker located in Johannesburg, South Africa. The broker has very competitive Forex rates and a strong focus on easy-to-understand and accessible pricing for traders.
The forex broker offers very competitive Forex currency trading rates from 60-300 basis points along with exclusive assistance available to traders via their live chat.
All of the above brokers are undoubtedly amazing and easy to follow for forex trading in South Africa.