Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
South African Forex Market
Abstract：The goal of retail forex trading is to generate money by speculating on the rise and fall of currencies. Any FSCA-regulated forex broker that is permitted to sell Derivative products to traders in South Africa is able to facilitate lawful foreign exchange trading for South African citizens. In 2017, it is anticipated that the daily currency trading volume in SA would be close to $19.1 billion USD. Additionally, with an annual trading volume of approximately $70 billion USD in 2016, the South African Rand (ZAR) is among the top 20 most traded currencies globally.
Due to the increased market liquidity, round-the-clock trading hours, and swift speed, you probably wish to start trading forex as an investment vehicle. But there are a lot of hazards that come with CFD trading. We'll do our best to cover all you need to know before you can begin trading, including how much it costs to get started.
It's possible that you want to get the answers to all of your questions but are unsure of where to begin. You will learn the fundamentals of how to begin trading foreign exchange in this course.
Steps to start trading forex in South Africa for beginners:
Learn the basics of Forex trading
Learn about the different Currency Pairs
Choose a broker & open your Forex Trading Account
Learn the different Forex trading strategies
Compare Online Forex Trading platforms
Understand the Risks of trading forex
Being conned is the main danger to avoid while trading forex. Brokers are among the greatest trading fraudsters. Fortunately, WikiFX is a forex research group that enables traders to examine brokers and scammer data. WikiFX compiles all of the broker's data and offers a grade, making it simple for traders to identify con artists. Both the app store and the play store offer the WikiFX app.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Short
Slippage
Clearing
Commission
Future
Contract
Devaluation
PBOC
BOE
Forex Currency pair
Forex Analysis
Read more
Global Guide to Finding Forex IBs/Brokers — Share Your Pick and Win Big!
Dear forex enthusiasts, are you also troubled by these questions? “In India, can’t find a reliable IB? What should I do?” “With so many brokers, which one offers the lowest spreads and fastest withdrawals?” “Want to connect with local forex enthusiasts but don’t know where to start?” Now, leave these challenges to us! Share your experience and win exciting rewards!
Original 19h
Uniglobe Markets Review 2025: A Complete Guide to an Unregulated Broker
Uniglobe Markets claims to be an online trading company that offers many different types of investments, including foreign currency and raw materials. The company tries to attract traders by offering high leverage, different account options, and popular MetaTrader trading software. However, there is one major problem: the company does not have proper regulatory oversight. This creates serious concerns about the safety of clients’ capital and whether the company operates honestly. Read on to learn more about its regulatory status.
Original Two days ago
WikiFX Elite Club Committee Makes Its Debut, Charting the Future of the Global Trading Ecosystem
November 11, 2025 – The WikiFX Elite Club Committee (hereafter “the Elite Committee”) made its significant debut on the international stage at WikiEXPO Dubai 2025. Core members from the Middle East, Southeast Asia, and Chinese-speaking regions gathered to witness the beginning of a new chapter for the Elite Club.
Original Two days ago
An Unbiased Review of INZO Broker for Indian Traders: What You Must Know
INZO is a fairly new company in the online trading world. It started in 2021 and is registered in Saint Vincent and the Grenadines. Traders in India and around the world have noticed this broker because it offers access to popular trading platforms such as MetaTrader 5 (MT5) and cTrader. It also lets you trade many different things, such as foreign currencies, stocks, and digital currencies. The broker tries to be easy to use with features such as a low minimum deposit, which can be appealing to new traders. However, when you look more closely, the situation becomes more complicated. INZO operates as an offshore-regulated company, which brings certain risks that every trader needs to understand. Also, user feedback is very mixed - there are many serious complaints alongside some positive experiences. Read on this in-depth review of the broker.
Original Three days ago
WikiFX Broker
Latest News
2 Malaysians Arrested in $1 Million Gold Scam Impersonating Singapore Officials
WikiFXMoomoo Singapore Opens Investor Boutiques to Strengthen Community
WikiFXOmegaPro Review: Traders Flood Comment Sections with Withdrawal Denials & Scam Complaints
WikiFXAn Unbiased Review of INZO Broker for Indian Traders: What You Must Know
WikiFXBotBro’s “30% Return” Scheme Raises New Red Flags Amid Ongoing Fraud Allegations
WikiFXThe 5%ers Review: Is it a Scam or Legit? Find Out from These Trader Comments
WikiFXWikiEXPO Dubai 2025 Concludes Successfully — Shaping a Transparent, Innovative Future
WikiFXAdmirals Cancels UAE License as Part of Global Restructuring
WikiFXForex Expert Recruitment Event – Sharing Insights, Building Rewards
WikiFXExness Broker Expands in South Africa with Cape Town Hub
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate