Visit FxPro103 brokers measured in South AfricaAffiliate links never change scores.
Guides
Every explainer published for South Africa, with what each one answers. There are 6 of them.
GuideA local licence or an offshore one: the differenceA broker can take clients in South Africa in two ways: through a company licensed by the FSCA here, or through a company licensed somewhere else.GuideFunding in ZAR: why the local method mattersA broker that accepts ZAR by a local method takes the currency conversion out of the deposit and usually out of the withdrawal too.GuideWhat a minimum deposit really tells youThe minimum deposit is the smallest amount an account can be opened with.GuideSwap-free (Islamic) accounts: what is actually waivedA swap is the overnight financing charge on a leveraged position.GuideWhat a spread is, and what it costs youA spread is the gap between the price you can buy at and the price you can sell at, quoted in pips.GuideWhat leverage means, and where the cap comes fromLeverage lets a position be larger than the money behind it: at 1:30, ZAR1,000 of your own holds a ZAR30,000 position.