Regulated Forex Brokers For South African Traders

Reviewing All The Brokers That Have A Local Presence

 
Fully FSB Regulated
 
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CMTradingOrbex

My Top FSB Regulated South African Broker is CMTrading

CMTrading is a new broker that’s operating from South Africa. They’re regulated with the FSB with number 38782.

With a welcome bonus that goes all the way up to $2000 its easy to trade using their money if you’re just starting out and want some added funds. The best thing about them is that they offer local deposits in South African Rands to fund your trading account.

This makes it easier for us Saffers to start trading. But more importantly getting your profits out is so easier as its a normal local EFT to your bank account and not a wire transfer where you have to wait a week so you’ll get it to spend it faster (just remember there’s no short cuts to a being a professional trader and you have to take the time and effort to educate yourself with what’s important.

You’ll end up paying for it anyway in blown accounts. I’ve recently written a short review, if you have any experience with them, I’d love to hear it. Click here and tell me what you think of them

They have an easy to sign up for sub-affiliate program so that you can also make money passively from referring other affiliate marketers to earn a passive income.


orbex

I’ve only just discovered Orbex and as a broker I’m really impressed with their offering.

Calling themselves the best forex broker in the world sounds like a lofty claim to make and I intend to find out if they live up to their reputation.

They’ve got a wealth of educational resources on their site, webinars and they seem to understand the churn rate, market maker policy of most other brokers with B-Books and trading desks.

I’m even tempted enough to start a live account soon and report back here on what I find.

open an account now


Newly Regulated AVATrade
Offers Bitcoin Trading

AVAtrade is the latest international broker that’s regulated by the FSB (FSP Number 45984.)

They’re also one of the few brokers that offer Bitcoin trading.

AVATrade also makes it easier for South African traders to enter the market especially with the funding of your account using PayPal or a deposit into a local South African bank.

This makes them one of the more convenient brokers to deal with. I do have a live account with them, but since the training I’m following uses the New York close charts and AVA offers a GMT server, I can’t follow the signals I receive using their charts.

I hope to trade my account with them when I get more confident in my ability to trade all charts and time-frames.

And like all good modern brokers do, they also offer a sub-IB program so that you can earn a passive income from referring other traders as well as other IBs.

Sign up as an affiliate here and earn some passive income from your referrals.


IronFX is the broker I’m trading with

IronFX is one of the most regulated brokers and their Research & Analysis team get’s global recognition by the most well respected Financial media of the world. There daily market analysis is 100% FREE for clients. Being a globally trusted brand, IronFX offers instant execution with no slippage or delay. They offer the best spreads from 0 pips, with your&1 account you can trade 15 platforms and they offer over 200 tradable instruments.  IronFX’s achievements has been recognized by multiple international awarding bodies. Probably the best reason for us South African’s is that they have an office in Sandton and they’re in the process of getting a license for the JSE prices. And finally, copy trading, a way to earn a passive income while someone trades your account.


IG is a new broker I’m partnering with

They began in 1974 as IG Index, providing a way for retail investors to speculate on the price of gold. Since then they’ve continued to change the face of trading, establishing themselves as a market leader around the world.

They’re secure

As a large multinational organisation we have strength in resources and stability, with a well-capitalised, debt-free balance sheet and consistently strong growth.

They’re a market leader

With 40 years’ experience they are the No.1 global provider of financial spread betting and CFDs, and hold a market-leading position in many countries, including the UK, Australia, Singapore and France.


Axitrader is the broker I first started trading seriously with

AxiTrader was the recommend of the mentor I chose and in since I’ve been trading with them they’ve been great and only messed up once with the price feed to their server. It was all fixed very quickly though. While they’re also not regulated by the FSB, they are a broker that’s trusted by many traders around the world and have a trustworthy reputation.

I’m yet to withdraw any money from them (so I can’t tell you about this part of their service yet.)

New legislation has made it a bit harder to open an account at Axitrader, you now need two forms of identity (like an ID document in addition to a passport) to open an account but regardless of the admin issues, they’re a terrific company though the operate with slippage and aren’t the best to choose for certain types of traders.

If you have any questions, need any help or would like to leave a message, please do so below:


Another SA Based Broker that’s recently got my attention

A new broker that got in touch with me is Blackstone Futures, I had a conversation with the CEO. They offer a promising alternative to the other company here in SA, I’m beginning to create a relationship with them and look forward to seeing how they develop. I’ll update this post when they settle more and start offering the MT4 platform, which I don’t think they do at present. I also found out that CMTrading is trading under Blackstone’s license, so you’re effectively trading with Blackstone anyway. Its funny how this corporate culture works but anyway, they also offer a SUB-IB account for you and you can sign up by clicking here. Finally, if you just want to try them out, open a demo account here.


No Deposit Bonus From Markets.com

Brokers are going crazy these days offering no deposit bonuses, you saw my favourite one earlier but here Markets.com are also offering a $25 account for mahala. Who can resist?


Trade for Free with XM

XM is offering a R347, no deposit bonus to try out their services. Many brokers are now offering this risk free way to give you a taste of their services. You probably won’t get rich from this free account, you’ll need a decent size account of at least $500 if you want to start making some real money but if you haven’t ever traded before or you want to see what their service is like, sign up with XM. Its also a great way to try out their live server for free, which is normally different to a demo account server, before you decide to commit. They do have some interesting loyalty bonuses that sound like something to investigate. I haven’t yet, but if you trade with them and take advantage of these, please let me know about how they work.


Social Trading With eToro

eToro is one of the first companies to offer social trading. What’s that? Its like combining a trading platform (like MT4) and Facebook. It allows novice traders to follow the trades of other more professional or traders with more experience and allows you to profit without knowing how to trade. The first trading account I ever owned was an eToro account and even though I don’t trade it anymore, it is still there and I’m sure that one day I’ll return to it. eToro Join now and get a $200 deposit bonus to invest with!


InstaForex Joins The No Deposit Bandwagon

Third Time Lucky and Instaforex, Asia’s favourite broker also offers a no deposit bonus, terms and conditions apply, so I would only recommend it to the absolutely desperate to start trading forex with none of your own capital. Otherwise you’d be better off either taking their 250% bonus when you deposit your real money or give some love to Liverpool, the Premier League team I follow.


These are the brokers that I’ve tried out, I’ll add in some more as I get to try them out and see how they operate. I believe more will be coming into the local market now as the number of South African’s that are Forex Trading is increasing every day. How’s your trading going? Please take care with the brokers you eventually do choose, if you would like some help, please contact me, I’d be happy to help you. Thanks for reading, Haroun Kola PS: Here’s some of the latest posts from my blog and a link to a totally unrelated article.


Troubleshoot Your Trading Problems – A New Webinar Series By Orbex

Every Wednesday, Live account holders will be able to enjoy FREE online troubleshooting sessions with Kenny Simon. Interactive advanced sessions will address various trading issues and cover the key emerging trends in the Global economy. Using the power of Geometric Trading method, Kenny Simon will focus on YOUR questions and trading difficulties to help you manage your portfolio with a long-term strategic view.

read more

Celebrate 10 Years of Trading With AVATrade

This month marks AvaTrade’s 10th anniversary. With integrity, constant improvement and trading with confidence as core values, they work hard to ensure that they comply with the highest of standards, creating a positive trading experience for you. As part of the festivities, they are offering you a special promotion – 100% BONUS on your first deposit until the end of this May 2016.

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Blackstone Futures Morning Update 11 May 2016

Conflicting technical signals on the eurusd pair suggests we stay out of this pair. Similarly with the ground, no clear signal yet.

The Aussie and New Zealand dollar looks interesting to trade soon and the Canadian dollar has given a nice 70pip profit for an existing trade.

Watch this video for more insights on the markets.

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