Exness Spread List
Exness is an established broker with plenty of appealing features for South African traders. The FSCA-regulated firm provides local deposit/withdrawal options, MetaTrader platform and a broad selection of CFD instruments.
This brokerage provides trading opportunities in forex, commodities, stocks and indices. Furthermore, it provides negative balance protection as well as a range of account types.
For live spreads
This Australian-based brokerage stands out as being the first and only regulated retail forex broker to provide negative balance protection in South Africa. They boast an excellent customer service reputation and offer award-winning spreads that are among the lowest in the country. New traders looking to test their luck can start with a complimentary demo account. The great thing about TradingBooks South Africa is their free education section with top-rated trading books. Additionally, they're part of the Fintech Forum with members including many major banks and institutions in South Africa. You can even sign up for free to join a private forum featuring some of South Africa's leading financial experts and thought leaders for free!
For swapfree spreads
Swapfree spreads offer traders a great advantage, enabling them to open long and short positions without worrying about overnight fees. By having control over prices movement in any direction, traders can increase their profits and minimize losses.
Exness ZA (PTY) Ltd is a well-known South African forex broker that provides local deposit and withdrawal options in ZAR to traders residing within the country. Its spreads are competitive, while its leverage ranks among the highest in South Africa.
The company provides a diverse selection of assets, such as currencies, CFDs on stocks and cryptos, and indices. Furthermore, there are account types suitable for all levels of expertise and trading styles.
Selecting the ideal trading account is key for successful trading. Your decision should take into account your preferred asset classes, timeframes, and risk tolerance.
Standard accounts at Exness are ideal for most traders due to their low spreads and unlimited access to MT4 and MT5 platforms. However, if you're an experienced trader, Pro accounts may provide better spreads and trading conditions.
The broker provides a selection of asset types, such as 98 currency pairs. These include 8 majors, 26 minors and 64 exotic pairs that traders can trade in either spot or CFD form.
Furthermore, the broker provides access to CFDs on stocks, indices, commodities and cryptos. Prices and commissions for these assets differ based on account type.
Leverage is an important factor to take into account when selecting a broker. It can help you increase your trading balance quickly, but it also has the potential for catastrophic losses if not properly managed.
If you lack experience or know how to trade safely, then it is best to avoid high leverage. A negative balance protection feature can protect you from losing more money than originally invested.
Before you can get started with Exness, you must fill out an economic profile and provide proof of your address. After these requirements have been fulfilled, you can deposit up to 50,000 USD into your account.
Exness is a CySEC-regulated company that has gained considerable traction in the South African market. Their primary mission is to provide its clients with a secure environment. Furthermore, they provide various tools to help traders refine their strategies and maximize profits. They're available 24 hours a day, seven days a week and accept emails in 13 languages.
For swapfree accounts
Swap free accounts are an ideal way for traders to reduce trading expenses, particularly those on a tight budget. Unfortunately, not all brokers provide these benefits.
Exness is a regulated broker that offers services to clients worldwide. With offices in Cyprus, the United Kingdom, and Seychelles, Exness offers products for both retail and professional investors.
Exness provides trading in a range of currencies, such as the US dollar, euro, pound sterling and Australian dollar. Furthermore, it provides CFDs on numerous commodities and indices.
For example, it offers a comprehensive selection of silver and gold crosses with the AUD, EUR, GBP, and USD as well as palladium and platinum futures contracts. Furthermore, it provides spot contracts on Brent and WTI oil prices.
It provides access to a broad selection of international indices, such as the NASDAQ, S&P 500, and FTSE 100.
South African traders will find the broker's spread list to be one of the best in the industry, starting from 0.0 pips with no fees or commissions. While its trading platform may not be as advanced as some competitors', it remains user-friendly and packed with features.
Traders should take note of the low minimum deposit requirements for most accounts. Furthermore, the broker offers 24/7 customer service and an extensive array of educational resources.
HotForex provides a range of value-added services, such as upgraded MT4/MT5 trading platforms, VPS hosting and HFcopy - its copy trading service. Furthermore, there is an impressive bonus system for both novice and experienced traders, plus quality research and education.
HotForex's cost structure is more expensive than that of its rivals, at 1.3 pips per 1.0 standard lot; however, its commission-free account with minimum spreads of 0.1 pips and no commissions is one of the most competitively priced in the market.
OctaFX offers a similar 0.6 pips mark-up, but its commission-free Pro account requires just $1 per 1.0 standard lot and the broker's status level reward program helps reduce overall expenses. Despite offering the same price point, OctaFX labels its swap rates differently and doesn't make them transparent to traders which adds another layer of complexity into cost management strategies.
For extended swapfree list
Most of the time, all you need to get started trading forex from home or at work. Utilize a free trading platform like MetaTrader and take advantage of free forex broker offers. To maximize your chances for success and avoid stress during trades, read our tips and tricks before beginning to trade. It is essential to comprehend both risks and rewards associated with participating in this exciting industry before opening an account. The key to successful forex trading lies in education - so take your time!