Forex & Crypto CFD Brokers in South Africa

Forex And Cryptocurrency CFD Brokers in South Africa

South African Forex & Crypto CFD Brokers
Online BrokerMinimum DepositNumber of MarketsCrypto CFDsCompare Broker with Broker
IronFX$100
Minimum Deposit
200+
Markets
Crypto CFDs
FXTM$100
Minimum Deposit
250+
Markets
Crypto CFDs
Markets.com$100
Minimum Deposit
2000+
Markets
Crypto CFDs
Plus500$100
Minimum Deposit
2000+
Markets
Crypto CFDs

Forex Trading in South Africa

The brokers in the table are regulated in South Africa and offer trading in CFDs for Forex and other markets. They can be compared in more detail broker vs brokers, by minimum deposit, account types, markets, spreads, leverage and platforms.

What is the Forex market ?

This is a vast market where currencies are traded. Currencies are traded as Forex pairs, for example, EUR/USD. This is because to buy a currency, it needs to be bought in another currency. So EUR/USD is the price of Euro in Dollars.

What is a Forex trader ?

A Forex trader typically analyses chart data and news, to try and make sense of a chart. From this analysis, trading ideas can be generated. As this is the Forex market, these ideas are about Forex pairs. The trading ideas can then be implemented on a online trading platform. The trade can also produce more data about the market, either specific data about a pair, for example, or more general data about whether a trading approach is effective or not.

How to start trading Forex

One way, and there are various approaches, is to first read an introduction to Forex trading. Then to open a Forex trading account with an online broker, next to practice trading using a demo account and finally to start trading.

Forex demo account

All of the brokers above offer a demo account which can be used to practice trading Forex.

What Forex trading is all about

Buying a Forex pair in the belief that it will rise in value, and selling it in the belief that it will fall in value.

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