How many times do you see gullible investors falling victim to overnight brokers and forex scams? Quite often, isn’t it! Well, that could well be the thing of past because the world is a more informed place these days, thanks to the World Wide Web. In this regard, here is a list of Top 8 Forex Brokers in South Africa, who fulfill a comprehensive review on parameters such as honesty, transparency, and commitment towards clients. The top criterion chosen to check off these best Forex brokers in South Africa is regulation and fund safety. The regulatory authority, FSCA, ensures that any issues arising out of the association would be resolved within South Africa, which is convenient to the trader involved.
If you are looking for the Best Forex Brokers in South Africa, who are regulated by the Financial Sector Conduct Authority (FSCA), look no further. This list contains brokers who are known for their professional integrity and are regularly monitored by the top broker reviewing agencies.
Blackstone Futures – Having received 4.8 stars rating, the agency is broker-verified and regulated by FSCA. With a minimum deposit of $100 and a 1:400 max leverage, the company is known to offer a bonus of upto 30% to the clients.
Markets.com – With 4.7 stars ratings, the agency is well-regulated by not just one but 5 different authorities – FCA, ASIC, CySEC, FSCA, and BVIFSC. So, you can be assured that your money is in safe hands. They allow a minimum deposit of $100 and are known to offer bonus worth upto 50% to investors.
Exness – The company enjoys a comfortable 4.6 stars ratings and is regulated by SFSA, FSC (BVI), CBCS, FSCA, and FSC (Mauritius). Though their bonus percentage is at a humble limit of 10%, they allow a minimum deposit limit of $10.
CM Trading – Placed at par with Exness with its 4.6 stars ratings, this FSCA-regulated company has the unique distinction of providing upto 100% bonus to investors. You can start investing with a minimum of $250.
TickMill – The company has a 4.5 stars rating and the fact that four different authorities are looking after its regulatory status ensures that your money is safe and secure. TickMill is regulated by CySEC, FCA, FSA, FSCA, and LFSA, which means that any trading issue arising between the company and investor is resolved to everyone’s satisfaction.
FBS – With its 4.5 stars ratings, FBS is a company known to value its investors’ hard-earned money and reward the investors with upto 100% bonus. Their minimum limit for investment remains a meager $10. Being regulated by CySEC and IFSC means your investment is well taken care of.
HotForex – The 4.4 stars ratings and, again, a bonus offer of upto 100% to its clients means it would pay for you to invest with HotForex. The fact that this company is regulated by FSCA, FCA, CySEC, FSC, and DFSA, also means that your money is in safe hands with HotForex.
XM – This company has 4.2 stars ratings, it is broker-verified and works under the regulations of ASIC, FCA, CySEC, and IFSC. All in all, XM is a safe choice when it comes to your hard-earned money. With a minimum investment of $10, the company is known to offer bonuses to the tune of upto 100%.
Disclaimer: No Deccan Chronicle journalist was involved in creating this content. The group also takes no responsibility for this content....