There has been an FXTM South Africa presence for almost 10 years, and during this time, the broker has established itself as one of the best forex brokers in the Country. A low minimum deposit is ably supported by bonuses, loyalty rewards, and a solid group of trading platforms in MT4, and MT5 that will not let you down. If you are trading stocks, or crypto CFDs, this one likely will not be the broker for you, but otherwise is one to seriously consider.
- MT4, MT5 platforms available
- Low minimum deposit
- Competitive spreads
- Limited stocks, crypto assets
- No ZAR base account currently
FXTM South Africa users will be registered with ForexTime Limited, a leading international broker providing financial services to individual and institutional clients in more than 100 countries around the world. FXTM South Africa office was established in 2013 and has since grown to become one of the leading brokers in the country.
With trading in over 50 currency pairs, precious metals, energies, indices and CFDs on MT4 and MT5 platforms, FXTM have managed to carve out a niche in South Africa with a loyal customer base. Ably supported by cutting-edge technology, 24hr customer support and competitive trading conditions, FXTM South Africa has established itself as one of the best FSCA regulated brokers in South Africa.
FXTM South Africa Users Protected By Regulation With FSCA (Formerly FSB)
As a regulated broker, FXTM South Africa provides a safe and secure trading environment for its clients. All client funds are segregated and protected in accordance with local regulations. In addition, FXTM South Africa is a member of the Financial Sector Conduct Authority (FSCA) and the South African Investor Compensation Fund (ICF).
FXTM South Africa is committed to providing its clients with the best possible trading experience. To this end, we offer a variety of resources and tools to help our clients improve their trading skills and knowledge. We also provide regular market updates, analysis and commentary to help our clients stay ahead of the markets.
Whether you are a beginner or an experienced trader, FXTM South Africa has the right account for you. There are three types of accounts on offer – Standard Accounts, ECN Accounts and Fixed Spread Accounts – each designed to meet the specific needs of clients.
Standard Accounts: Standard Accounts offer low spreads from as little as 0.1 pips and flexible leverage of up to 1:500. This account is best suited for beginner and intermediate traders.
ECN Accounts: ECN Accounts offer spreads from as low as 0 pips and leverage of up to 1:500. This account is best suited for experienced traders who are looking for the tightest possible spreads.
Fixed Spread Accounts: Fixed Spread Accounts offer fixed spreads from as little as 2 pips and leverage of up to 1:200. This account is best suited for beginner traders who are looking for a more predictable trading environment.
FXTM Minimum Deposit South Africa & in ZAR
When you are ready to make your first deposit with FXTM, you will need to have a minimum of $10 to get your account started. This is the amount that you will need to start trading for real with this broker, but if you wish to deposit at this point, you can choose to trade for free on a demo account in the meantime.
The FXTM minimum deposit of $10 is one of the lowest you will find in the industry, and South Africa users can also take advantage of a deposit bonus using the link provided. To take advantage of the bonus, FXTM minimum deposit for eligibility is $100, so keep this in mind if you are interested in that particular offer.
Although FXTM do not offer a South African Rand account at this time, if you convert the FXTM minimum deposit in ZAR, you end up with around R170 in South Africa. This is still a very low amount to start trading with, and it means that you can get started without having to invest a large sum of money.
Deposit & Withdrawal Methods with FXTM South Africa
When you have completed the FXTM minimum deposit, you will be able to start trading on the wide range of markets that are available. There are over 250 assets in total for you to choose from, and this includes major, minor and exotic currency pairs, as well as CFDs on a range of other markets such as indices, precious metals, energies and cryptocurrencies.
You can deposit funds into your account using a range of methods, including credit/debit cards, bank transfer and e-wallets such as Neteller and Skrill. FXTM also accepts deposits in a wide range of currencies, so you can choose the one that is most convenient for you.
Once you have made your deposit and it has been processed, you will be able to start trading right away. If you need any help or assistance, the customer service team at FXTM are on hand 24/7 to help you with any queries you may have
FXTM South Africa Review Details
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