How popular is forex trading in South Africa?

Forex trading in South Africa is getting quite popular. South Africa is the largest forex market in Africa. By comparison, South Africa has a daily trading volume of $ 2.21 billion, a far cry from Nigeria’s $ 314 million daily.

Which forex broker is regulated in South Africa?

Tickmill is a FSCA authorized forex broker. Their spread is as low as 0 pips + $4/lot with Pro Account. FxPro is a well regulated forex broker. Their overall fees is low with cTrader account. HotForex is regulated with FSCA (South Africa). Their EUR/USD spread starts from 0.3 pips*. What is Forex Trading? How to trade Forex in South Africa?

How to trade Forex & CFDs in South Africa?

You can trade forex & CFDs by opening a trading account with any FSCA or Tier 1 Forex Broker like - FXTM, HotForex, Avatrade, XM, Exness. It is advised to trade with FSCA regulated brokers for traders in South Africa, as this would offer you grievance addressal in case of any dispute with the broker rather than in case of a foreign broker.

Is AvaTrade a good forex broker in South Africa?

AvaTrade is one of the finest market makers in the world and it has offices and regulations in several global locations. AvaTrade is a famous forex broker in South Africa, noted for its low fixed spreads and variety of trading platforms. AvaTrade offers a robust proprietary trading platform as well as third-party assistance.