A forex broker, also known as a retail forex broker, buys and sells currencies on your behalf.
Find below are the list of Forex Brokers In South Africa
Forex Brokers Johannesburg
Address: 40 Young Ave, Houghton Estate, Johannesburg, 2041
Hours: Open ⋅ Closes 4PM
Phone: 082 561 4455
BlackStone Futures
Address: 5th Floor, The Mall Offices, 11 Cradock Ave, Rosebank, Johannesburg, 2196
Hours: Open ⋅ Closes 10PM
Phone: 0860 111 563
Forex Trading South Africa
Address: Johannesburg, 2000
Hours: Open ⋅ Closes 5PM
Phone: 081 720 8005
Forex Capital – FX Capital
Address: 16 St Andrews Dr, Durban North, 4051
Hours: Open ⋅ Closes 5PM
Phone: 031 536 8843
Which broker is the best for forex in South Africa?
Best South African Forex Brokers
Exness – Low minimum deposit forex broker in South Africa.
XM Trading – Fast Execution & low spread.
Avatrade – Fixed spread forex broker.
FXCM – Good Overall FSCA Regulated broker.
Plus500 – Good Crypto CFD platform.
IC Markets – Best ECN Forex Broker.
Which forex broker is the best?
Best Forex Brokers
CMC Markets: Best Overall Forex Broker and Best for Range of Offerings.
London Capital Group (LCG): Best Forex Broker for Beginners.
Saxo Capital Markets: Best Forex Broker for Advanced Traders.
XTB Online Trading: Best Forex Broker for Low Costs.
IG: Best Forex Broker for U.S. Traders.
Do Forex traders pay tax in SA?
Is Forex trading taxable in South Africa? Yes, it is. Any profits you make with Forex trading are taxable, just like your regular income, which means you have to file a Personal Income Tax form. The tax rate can range from 18% to 40% and it depends on the profits you’ve made.
Can I trade forex without a broker?
If you want to trade forex without a broker, you can start by checking different market quotes online and finding forecasts of how different currencies will be traded in the future. You can also borrow money in a currency that has low-interest rates so you can repay the money with no difficulty.
How do you know if a broker is legit?
You can find out if brokers are licensed in your state, if they’ve had run-ins with regulators or received serious complaints from investors. Go to finra.org/investors and click on “FINRA Broker Check.” Or call 1-800-289-9999.
Is Hot Forex a South African broker?
Hotforex is a FSCA regulated forex broker in South Africa, so we consider it a safe broke. HotForex is authorized and regulated under various jurisdictions: Financial Sector Conduct Authority (FSCA) of South Africa: Hotforex SA is licensed by the FSCA , with FSP number 46632 since 09/02/2016.
Do you pay tax for forex?
Do traders pay tax in the UK? Forex trading is tax free in the UK if it is done as spread betting by an amateur speculator. How do you pay tax on Forex? In the U.K., if you are liable to tax on personal profits from Forex trading, it will be paid and charged as Capital Gains Tax (CGT) at the end of the tax year.