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How many brokers are there in South Africa?

Since 2012, we’ve tested over 180 brokers across global and South African markets. Our team of professionals are frequently cited in global and regional media, shaping market conversations and trends. 75-90% of retail traders lose money trading Forex and CFDs.

What are the Best Forex brokers in South Africa?

According to research, HF Markets and AvaTrade are good broker choices and also the most used forex brokers in South Africa mainly because they are regulated brokers, licensed by the Financial Sector Conduct Authority (FSCA) in South Africa, which ensures that they adhere to strict financial standards and regulations.

Which is the best broker in South Africa?

The best brokers in South Africa are well-regulated and offer a low-cost, user-friendly trading platform suitable for both beginners and experienced traders. Following rigorous testing, we believe that AvaTrade is the best broker for South African traders.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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