How does Forex Trading work in South Africa?

This question has been posted to us quite a few times and we decided to outline in more detail how forex trading works in South Africa.

The great thing about trading online is that you can basically sit anywhere in the world and trade online, as long as you have an internet connection. But saying that implies that you are setup correctly and using a broker platform to trade online with.

Now this is where we get down to the finer detail in terms of which online platforms is the best to trade with in South Africa. In our opinion we can only recommend 24Option. 24Option is online trading company that offer users the option to trade online through and initial deposit of €100.

You can thus basically start trading online through 24Option and contact them with any questions or comments. To find out more about the trading procedure, like deposits, withdrawals etc, visit their website directly to read more about that.

24Option offers a variety of trading options that include forex, commodities and stocks and offers a wide range of choices to choose from.

Note: Currencies, Commodities, Cryptocurrencies and CFD’s traded on margin carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged financial trading before deciding to trade because you can lose some or all invested capital. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

Forex Company Comparison:

Please see the various online forex companies reviews below:

CM Trading

Trade Forex, Stocks, Indices and Commodities.

Demo Account: Yes
South African Office: Yes


Min Deposit: $250


Shaw Academy: FREE Financial Trading Course.