Introduction to Forex Trading in South Africa

Retail Forex trading in South Africa has massively grown in popularity over the last couple of years.

According to data by the Bank of International Settlements, the daily trading volume of retail forex trading in SA stood at $20.37bn in 2019, making it the highest volume in Africa.

Nigeria, the second-largest forex market on the continent, had an estimated daily retail forex volume of $192.66 million per day.

But how many forex traders are there in South Africa?

According to some estimates, there are around 200 000 forex traders in South Africa (out of an estimated 1,3 million traders in Africa). The South African Rand is also the most traded currency in Africa and the 18th most traded in the world.

However, despite all this popularity, forex trading in South Africa is not clearly uderstood by many. Added to this, there are a lot of scams surrounding forex trading leave a lot of people skeptical.

In this guide, we will give you all the information that you need to get started with forex trading in South Africa so that you can start on the right foot. To make it easy for you to digest, we have broken down this guide into chapters.

You can click on any chapter that you want below.

Chapters

Click on any of the chapters to read it

The Comprehensive Guide to Forex Trading in South Africa
The Comprehensive Guide to Forex Trading in South Africa

Broker

 

Regulation

Platform

Min Deposit

Review

Offers Free Demo Contest

CySec, FCA, FSCA, DFSA

MT4, MT5,

 Web

$5

CySec, FCA, FSCA,

MT4, MT5,

 Web

$10

CySec, ASIC

MT4, MT5

$5

Offers CopyTrading

Get $1000 No Deposit Bonus!

 

CySec, ASIC

MT4, MT5

$1

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