What is forex trading in South Africa?

There are three different markets available when forex trading in South Africa: Spot: The physical exchange of a currency pair, which takes place at the exact point the trade is settled (i.e., on the spot)

What is the Best Forex broker for beginners in South Africa?

Markets.com is a unique forex broker that focuses on technology to make forex trading easy for all types of traders. South Africans can easily trade more than 2,200 markets via Markets.com’s MT5 and expect competitive spreads and commission-free trading. Overall, IC Markets is the best Forex Broker for beginners in South Africa.

What is a managed forex account?

Managed forex accounts are similar in purpose to managed futures accounts, a type of alternative investment vehicle that focuses on futures contracts, stock options, and interest rate swaps. They are permitted to use leverage in their transactions and can also take both long and short positions in the securities they trade.

Do forex account managers charge high fees?

Forex account managers do charge high fees: often between 20% and 30% of a trade's earnings. Managed forex accounts are an investment opportunity for those who want the potential of returns from leveraged forex trading, are willing to take serious risks, and want to have professionals do the work of selection and trading.