Exness South Africa Bonus

Exness is a regulated international forex and CFD broker that offers traders in South Africa high levels of trading security. It's licensed by the Financial Services Commission of SA (FSCA), with client funds held securely with top-tier financial institutions.

Exness offers a diverse selection of trading instruments and competitive floating spreads. Additionally, it provides new clients with a demo account to test out its services.

Online CFD trading on Exness’ powerful trading platform with betterthanmarket conditions on the world’s financial markets

Exness provides an online CFD trading platform and a range of tools for traders and investors. The broker provides various trading instruments, such as forex currency pairs, metals, crypto currencies, indices and stocks; plus it charges little-to-no trade commission and provides free spreads depending on your account type.

Exness is a renowned broker with hundreds of thousands of active clients and trillions in April 2022 trading volume. Its trading platforms, MetaTrader 4 and MT5, are compatible with most popular devices and provide access to over 200 instruments.

The trading environment is secure and well-regulated, with multiple country regulations in place. Clients have access to various account types and leverage options - up to 1:2000 leverage available - for optimal comfort.

Leverage allows you to trade larger positions than what would be feasible with your own funds, potentially increasing profits and decreasing losses. However, this strategy comes at a price; therefore, you should always take into account your financial situation before opening a trade.

The platform can be downloaded on PC and mobile, and transactions are processed using Secure Sockets Layer (SSL) protocol to protect client data. Traders can sign up for a demo account to test out the software before investing actual funds.

Demo accounts provide traders with an ideal platform to practice their trading strategies, hone skills and gain familiarity with the platform without risking any money. This can enhance decision-making abilities and enable them to monitor market movements more closely.

Traders have access to a wide range of trading instruments, such as currencies, indices, stocks and energy assets. Plus they can take advantage of useful tools like a profit/margin calculator and economic calendar for added guidance.

Exness offers comprehensive training and educational resources for global traders. The broker's Academy features a YouTube channel with videos and articles covering various topics, as well as VPS hosting for automated trading solutions.

Customers are welcome to reach the customer support team any time of the day or night, via email, live chat and phone. With staff that is multilingual and knows over 13 languages, customers will always receive a prompt reply for their inquiry.

Always trade responsib

When trading CFDs, it's essential to remain focused and aware. Emotions can cloud your judgment and lead to poor decisions; thus, avoiding impulsive actions like overspending or underfunding your account helps protect against the possibility of losing all of your initial deposit.

As a trader, it's essential to be mindful of your risk and heed warnings when issued. To reduce exposure to risk, reduce your return-to-risk ratio and set an automatic stop loss.

As a general guideline, limit your trading liability to between 1% and 2% of your total account balance. This will enable you to recover from any minor setbacks in the market while still having enough funds in reserve for big wins.

Though there are many reasons to venture into online CFD trading, the most crucial is being responsible. It's easy to get carried away with the excitement of the trade but you don't want to end up being taken advantage of by a scam artist. Reputable brokers with an established track record are your only guarantee that your investments remain secure and trades turn out successfully.

The top CFD brokers are regulated by various financial regulators such as the UK Financial Conduct Authority (FCA), FSCA in South Africa, and DFSA in Denmark. They offer top-tier trading platforms and customer support in their respective fields. Top features of these CFD brokers include advanced trading tools, fast execution times, and a reliable back office.

FSCA license

IFX Brokers is a South African forex and CFD broker that has been licensed and regulated by the Financial Sector Conduct Authority (FSCA). This provides traders with an increased level of security when trading on the South African market.

The Financial Services Commission of South Africa (FSCA) regulates all financial institutions in South Africa, such as banks, insurers, retirement funds and administrators as well as market infrastructures. Their mission is to protect financial customers by encouraging fair treatment and offering education on finance matters; additionally they strive to maintain market efficacy and integrity while helping prevent financial crime.

Recently, the FSCA announced a regulatory approach to combat naked short selling of bonds and other financial assets in order to safeguard consumers. This new requirement requires financial service providers to be licensed on an individual basis, making the process more transparent and avoiding gaps in oversight.

Another initiative aims to support small businesses in the financial services industry. This strategy includes training and support workshops for those just entering or existing entities to ensure compliance and readiness for licensing. Furthermore, data will be collected and analysed on product usage to identify gaps in access.

In addition, the FSCA is developing a financial inclusion strategy to guarantee low-income South Africans can access affordable insurance and other products. To this end, they plan to implement various interventions such as developing product standards that help financial institutions design simpler yet more value-for-money products for these earners.

The FSCA has the additional responsibility of ensuring all financial services providers adhere to global anti-money laundering (AML) and counter-terrorism financing (CFT) standards. This responsibility extends beyond South Africa's borders, covering both local and international financial transactions.

Thus, all Financial Service Providers (FSPs) that offer advice or intermediary services to investors in South Africa must register with the FSCA under the Financial Advisory and Intermediary Services Act of 2002. This law sets forth regulations for financial service providers and categorises CFDs as "financial products" under its provisions.

Licensed in South Africa

If you're considering trading CFDs in South Africa, it's essential to be familiar with the regulatory frameworks in place. These include business licenses, permits and registrations - and your compliance with them is key for guaranteeing your trading is compliant with law.

Newcomers to the market should take advantage of learning resources that explain CFDs and provide strategies for successful trading. Two helpful PDFs published by Johannesburg Stock Exchange and Standard Bank of South Africa give an exhaustive overview, while online courses use real-life examples to teach traders how to trade CFDs profitably.

Another essential factor to consider when trading CFDs in South Africa is taxation. Profits from trading CFDs are generally classified as gross income by the South African Revenue Service (SARS), so it's essential to maintain comprehensive records of all your transactions. The amount of tax you owe depends on your earnings; however, expenses can be deducted from gross income before paying taxes.

If you are a foreign national and have been granted permanent residence in South Africa, it is mandatory for you to convert your foreign driver's license to an African one within one year of receiving your permanent residence permit. Failure to do so will render the current license invalid and you must apply for a new South African driving license.

South African driving license applications can be done both online and in person at your nearest testing centre. Please be aware that the process for applying for a South African driving licence varies by province, but in general you should expect to wait up to one month before receiving your new license.

Foreign nationals looking to open an establishment in South Africa require a business license. These are required for all establishments, including restaurants, hotels, BnBs, spas, fast food outlets, supermarkets and grocers; as well as those dealing with perishable foodstuffs like food trucks. Before beginning your venture it is wise to double check the requirements for your particular venture and consult with a CIPC lawyer if any queries arise.