Tag: forex broker

These bonuses provide the opportunity for new traders to access the Forex market without risking their own funds initially. However, not all brokers offer a sign-up bonus to traders in South Africa, which is why we have listed the 5 best brokers who offer this promotion to new traders, along with excellent trading conditions. 1. HotForex Overview Competitive trading conditions, several account types, robust trading platforms, and an extensive selection of instruments are all hallmarks of HotForex. Once you've been verified and opened a new trading account, HotForex provides you with a sign-up bonus that you can use before putting your own money at risk in the real world. Pros No deposit or withdrawal fees Competitive spreads Cons High commission charges on the Zero account Features FeatureInformationRegulationCySEC, DFSA, FCA, FSA, FSCAMinimum deposit from$5Average spread from0,0 pipsCommissions fromUSD 0.03 per 1K lot.Deposit/Withdrawal FeesNoneMaximum Leverage1:1000Bonuses100% Supercharged BonusCustomer Support24/5 2. IFX Brokers Overview Online trading platform IFX Brokers mixes traditional trading with advanced and innovative software to provide traders with a unique trading experience. Using the broker's cutting-edge MetaTrader 4 and MetaTrader 5 trading platforms, private and institutional customers can trade and invest in more than 200 products across six asset classes. Pros High leverage availableMetaTrader 4 is supported.Resources for learning are available Features FeatureInformationRegulationFSAMinimum deposit fromZAR100Average spread from0.5 pipsCommissions fromNADeposit/Withdrawal FeesNAMaximum Leverage1:500BonusesNACustomer Support24/5 3. FXCM Overview STP broker FXCM was founded in 1999 in the United Kingdom and is licensed by the British Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the South African FSCA. FXCM's low prices are the result of a large number of the finest liquidity providers in the industry. First-time FXCM traders get a $300 incentive when they open an account. Pros Excellent educational resources for beginner tradersLow minimum deposit requirementAdvanced research toolsExcellent customer support Cons No Web Trader option available for trading platformsRudimentary mobile trading platformLimited product portfolio Features FeatureInformationRegulationFCA, ASIC, ACPR, FSPMinimum deposit from$50Average spread from1.3 pipsCommissions from£4 per standard round-turn lot (£2 per side)Deposit/Withdrawal FeesNoneMaximum Leverage1:400Bonuses$20 Welcome BonusCustomer Support24/5 4. Exness Overview Exness provides competitive trading conditions, which include narrow spreads, minimal commissions, large leverage ratios, and a cheap initial deposit requirement of just $250. Additionally, traders have the benefit of a demo account as well as the usage of two of the most powerful trading platforms available, namely MetaTrader 4 and MetaTrader 5, which are available on mobile, the web, and desktop devices. Pros Well-regulatedTight spreadsOver 130 currency pairs Features FeatureInformationRegulationCySEC, FCAMinimum deposit from$1Average spread from1.3 pipsCommissions from3 USD and 10 USD per 1 lot for CFDsDeposit/Withdrawal FeesNoneMaximum Leverage1:2000BonusesStandard +10% Bonus ProgrammeCustomer Support24/5 - multilingual 5. AvaTrade Overview Trading conditions at AvaTrade are noted for their straightforward and reasonable fees, commission-free choices, reliable execution speeds, flexible funding alternatives, and devoted client service, among other things. Multiple regulatory bodies have approved AvaTrade to provide trading services in various countries across the world. Pros A broad range of tradable instrumentsMetaTrader 4 and 5 are availableExcellent educational resources Cons High EURUSD and inactivity fees Features FeatureInformationRegulationCentral Bank of Ireland, MiFID, ASiC, BVIMinimum deposit from$100Average spread from0.9 pipsCommissions fromNo commission on ForexDeposit/Withdrawal FeesNoneMaximum Leverage1:400BonusesFirst Deposit BonusCustomer Support24/5 - multilingual

Tag: forex broker

5 Best forex brokers with sign up bonuses in South Africa

Why AvaTrade is the world’s best Forex broker (2021)