and choose. The forex trading has been booming in South Africa since the last few years. Its main role is to oversee countrys financial market, mainly non-banking financial services (e.g. Plus500, yes, 47546, feb 2, 2017 - / 100 AUD 200. Here is the link to FSB Financial Services Board in case you want to lookup any specific FSB regulated fx broker or other type of financial services provider (fsp). Although the scam is not happening with regulated forex companies often, you should never sign up with unknown company without license! We suggest that you test few platforms first with virtual money and then based on your experience and overall feeling you decide where you deposit real money. Their main mission is to resolve any possible disputes between traders and financial service providers.
When traders have finally found several. FSB licensed brokers with a good reputation, they can shift their focus. Forex trading in South Africa is still very much in its infancy. You will find that some brokers are registered and licensed in more than one country. Most will list which regulators they are licensed with on their website along with a registration number.
Here are some of the top forex brokers who service SA traders. Abel Sithole and disestablishment of FSB Financial Services Board. South Africa Forex Brokers, who Regulates Forex Trading in South Africa?
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Are you looking for South African MT4 Forex brokers, or for a web-based option? How much money are you going to deposit? The transition has started on 01/04/18. Before you start trading forex with your hard earned cash, you must answer yourself few important questions: What is your past experience with currency trading? Some of the top south african forex brokers featured on this website even allow you to deposit in south african rand currency, which is the best option for you since you can avoid a currency risk later, when you withdraw your money back to your. South African Forex Broker Rankings, the following table presents all forex brokers in our database who have the appropriate license from the FSB. It doesnt mean these companies are bad, but they simply dont hold a license issued by local regulators. Dont be afraid to open a demo to try different South African Forex brokers before deciding which one is best for you. Before you begin Forex trading in South Africa, consider what type of trading you want to pursue.