Forex Trading has become one of the most popular markets in the world. More traders, especially those who are South African lean towards brokers offering ZAR accounts. The main advantage of opening an account with Rand as the main part is that they can provide fast and cost-effective payments to merchant accounts.
Local buyers do not need to pay discounts, and brokers offering ZAR accounts generally accept lower deposits. Hence many traders look around for brokers offering a ZAR account, this article will help you choose among the zar account brokers!
IFX Brokers has been operating since 2018. Although the broker is very young, it has firmly established itself in the South African foreign exchange market. One of the many benefits that IFX brokers offer their clients is the ability to open trading accounts with ZAR.
As we all know, IFX Brokers provides a safe and transparent trading environment to keep clients’ assets safe as it is a thoroughly regulated broker. Traders can use the various trading tools and training available to focus on improving their foreign exchange transactions. The MT4 trading platform is available with a high maximum leverage ratio.
Khwezi Trade is a forex and CFD trader regulated by the FSCA, with its headquarters located in South Africa that facilitates traders with extensive trading solutions and a competitive trading environment for beginners and professional traders.
Khwezi Trade offers the benefits of ZAR accounts and South African buyers can deposit and withdraw funds using popular methods such as Electronic Funds Transfer (EFT), credit cards, debit cards, and many more. They have good customer service that facilitates their clients to create a friendly and enjoyable work environment.
FXCM is an STP-based, well-regulated, and reputed foreign exchange broker with offices in South Africa that provides comprehensive trading solutions for international retailers. FXCM offers traders the option to choose a trading account, which allows South Africa to open a trading account with ZAR, thereby eliminating costly trading fees for traders. It has advanced charting options and provides MetaTrader 4 and Zulutrade trading platforms.
The broker is regulated by the FSCA which is testimony to its reliability. It offers a simple commission structure and its own customized trading platform. Oinvest mainly offers large and small Forex trading.
The broker stands out as a customizable Webtrader platform available for mobile and Android devices, iOS devices are excluded. Oinvest offers the MT4 trading platform which is very renowned in the forex industry, which makes it a reliable forex broker.
Blackstone Futures is another South African local currency broker based in Johannesburg. The FSCA administers bankruptcy and uses personal customer support techniques through registration and transactions. Blackstone Futures offers 32 currency pairs for trading.
Although small, the broker’s spread on the EUR / USD trading pair is only 0.6 pips, which stands out among many. In addition, the broker offers South African traders leverage up to 1:400 and all accounts are negative balance protected.