Original Story Published by: Caryn Edwards for The South African
Photo Source: ©Pixabay
It’s as if the majority of brokers are looking down on the region, expanding very slowly and carefully. This leads to the appearance of scammers or predatory local brokers who are free to set their conditions.
Luckily, there are still are ways to start trading on Forex in South Africa without paying an arm and a leg in commissions and spreads.
With this guide you are going to learn:
- How to find a decent broker in South Africa
- How to determine your trading style and strategy
- How to pick the best account type for you
- How to make money on Forex in South Africa.
How to find a good Forex broker in South Africa
A lot of South African Forex brokers do not offer the best conditions. They act as if the market is niche and they are already doing you a favour by working with you.
Luckily, some international players started to catch on and have entered the region. The best one is JustForex company – a UK-based broker with pretty tight spreads and rather reliable support. Since they are still entering the market, the level of service for South Africa is noticeably better than for the other countries. There is no guarantee that it will last, but right now they are the best.
To read the full article, visit The South African.
Related
