FXCM is a well-established forex and CFDs retail brokerage that was founded in 1999. FXCM UK also offers tax-exempt spread betting accounts exclusively to residents in the United Kingdom. The global brokerages is licensed and regulated by the Financial Conduct Authority (FCA) which is one of the leading Top-tier forex authorities in the world. FXCM offers multiple trading platforms to trade forex and CFDs on shares, indices, commodities and cryptocurrencies
Who owns FXCM?
Forex Capital Markets Limited (FXCM Ltd) is an entity of the FXCM Group. It is a Leucadia company which is the former name of the Jeffries Financial Group Inc.
What is a Leucadia company?
From 2015, through a series of transactions, Leucadia Investments has become the majority economic owner of FXCM. Leucadia Investments is part of the merchant banking arm of Jefferies Financial Group.
Leucadia is the former name of Jefferies Financial Group Inc. (NYSE: JEF) and part of its merchant banking business. Jefferies operates the only independent full-service global investment banking firm headquartered in the USA. Jefferies engages in investment banking, sales and trading and asset management through Jefferies Group LLC and diverse other businesses in its merchant banking portfolio.
The FXCM and Leucadia/Jefferies Partnership
The Leucadia/Jefferies partnership provides the FXCM Group with insight, expertise and execution to investors, companies and government entities. Jefferies provides FXCM with prime brokerage services and liquidity in forex trading.
Is FXCM regulated?
FXCM entities are licensed and regulated by Top-tier authorities in their own jurisdictions.
FXCM UK : authorised and regulated by the Financial Conduct Authority (FCA)
FXCM EU : authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC)
FXCM Australia : authorised and regulated by the Australian Securities and Investments Commission (ASIC)
FXCM South Africa : authorised and regulated by the Financial Sector Conduct Authority (FSCA)
FXCM Canada : authorised and regulated by the Investment Industry Regulatory Organisation of Canada (IIROC).
Each entity in the FXCM Group is a member of and regulated by The Financial Commission and covered by the Financial Commission Compensation Fund.
What is The Financial Commission?
The Financial Commission is the first of its kind independent external dispute resolution body dedicated specifically to Forex that ensures that traders are getting their disputes resolved in a quick, efficient, unbiased and authentic manner.
The Financial Commission has united independent, top industry professionals and created the most efficient Dispute Resolution Committee that can help resolve any dispute arising in the forex trading sector and provide a professional and unbiased opinion for disputes in digital currency trading.
Is FXCM regulated in South Africa?
Yes, FXCM SA is licensed and regulated in South Africa by the Financial Sector Conduct Authority (FSCA).
Is FXCM legit?
Yes, FXCM is a legitimate forex and CFDs global brokerage group and electronic trading platform. It is regulated under license to perform forex broker and multi-asset trading services by recognised regulatory authorities in different jurisdictions and is covered by the Financial Commission Compensation Fund.
FXCM provides further security of client funds by:
Is FXCM a good broker?
In terms of security, state-of-the-art electronic trading platform options, research and education; FXCM is rated highly as a trusted broker. FXCM Ltd has been in business since 1999 and has established itself as a regulation-compliant forex and CFDs broker that is safe to use by traders in Africa.
FXCM security features
In terms of security, FXCM is regulatory compliant and has put in place recognised processes to keep your information and money secure so you can trade forex and CFDs with peace of mind.
FXCM is an international forex and CFDs broker that is licensed and regulated by several Top-tier authorities in different jurisdictions.
Covered by the Financial Commission Compensation Fund
FXCM is a Member of the Compensation Fund of The Financial Commission. The Compensation Fund provides protection up to €20 000 per case should a Member refuse to adhere to a judgment from the Financial Commission.
Verify My Trade (VMT)
FXCM has received the execution quality certificate Verify My Trade (VMT) that confirms its compliance with the strict requirements of the Financial Commission to its member brokers.
Negative Balance Protection
FXCM automatically tops up the balance to 0 and the client doesn’t pay anything in the case where market volatility doesn’t allow the client to keep a positive balance on his/her trading account.
Membership of The Financial Commission
FXCM is a member “A” of The Financial Commission. The purpose of the Commission is to allow for alternative pre-trial settlement of disputes between traders and brokerage companies.
FXCM has implemented a Civil Liability insurance programme for a limit of 5 million EUR which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
FXCM requires two-step authentication to enhance the security of the information used to verify account opening and manage trading accounts. The two-step authentication protocol is designed to protect your personal information and funds from hackers using SMS and backup codes.
FXCM trading platforms
FXCM offers multiple trading platforms, including its flagship trading platform, Trading Station. FXCM offers MetaTrader 4 (MT4) which is the world’s most popular forex trading platform, and NinjaTrader for active traders.
FXCM Trading Station (desktop)
Trading Station is a FXCM proprietary forex and CFD trading platform that offers powerful analytical tools for chart traders. FXCM Trading Station functionality includes advanced charting, automated trading, access to fundamental and technical analysis and ability to compare instruments with price overlays.
Other features include:
MetaTrader is an electronic trading platform that was pioneered by the developers, MetaQuotes Software. The software company has released a number of versions since it started up in 2002 but hit the jackpot with a significantly enhanced version called MetaTrader 4 that it took to market in 2005. In 2010, MetaQuotes Software introduced the significantly re-coded MetaTrader 5.
Today, MetaTrader 4 (MT4) is one of the most widely-used online trading platforms for retail foreign exchange (forex) speculative traders. MetaTrader 5 (MT5) is a more advanced trading platform and is growing in popularity as investors find value in its superior features.
NinjaTrader offers software and brokerage services for active traders. The NinjaTrader platform is free to use with a funded account for charting, market analysis and live trading. The SIM version is free even without a funded account.
NinjaTrader features include:
ZuluTrade is one of the largest social auto-trading platform. It allows FXCM clients to follow the trading activity and strategy of a diverse network of traders. You no longer have to analyse or monitor the markets as ZuluTrade Traders do it for you.
FXCM LTD offers an extensive range of professional market research and tools. All research content on the FXCM site is available for free, only the live webinars need to be registered for. The content is highly detailed, frequently updated and suitable for both beginner and advanced traders.
Research resources published by FXCM include
FXCM offers TradingView which is a social network for traders and investors on forex, futures and stock markets. It provides access to live quotes, stock charts and expert trading ideas. You can use TradingView every day in order to execute your demo and live trading with FXCM.
FXCM regularly hosts live webinars where clients can interact with FXCM’s Senior Market Specialist to enhance their skills and learn about major economic events around the world.
Clients can also keep up with current and future events with the Economic Calendar and use additional resources such as the volatility tool to screen the largest moves and heat maps to see the biggest gains and losses across share, forex, index and commodity markets.
FXCM publishes an impressive range of educational material covering a wide amount of topics. This includes market insight articles, online trading guides and video tutorials. FXCM runs a regular trading course.
FXCM has its own YouTube channel. You’ll find a variety of video tutorials on topics such as modifying entry orders, price improvement scalping and how to place a market order. The forex broker’s trading guides cover topics such as Forex vs Stocks and 5 Steps on how to start trading forex.
The FXCM trading videos and online tutorials are particularly useful to beginners because they are dedicated to the basics of forex trading and offer insight into the complex aspects of technical and fundamental analysis, the psychology of trading and risk management.
What products does FXCM offer?
FXCM offers access to 5 asset classes via multiple trading platforms, including FXCM Trading Station and MetaTrader 4 (MT4). The asset classes include forex, cryptocurrencies and CFDs on shares, indices and commodities.
|Forex||Majors: EUR/USD, USD/JPY, GBP/USD, USD/CHF Commodity pairs: AUD/USD, USD/CAD, NZD/USD|
|Cryptocurrencies||Trade on Bitcoin, Ethereum, Litecoin, EOS, Lumen and more|
|Stocks||CFDs on shares of Amazon, Facebook, Google, Apple, Netflix and more|
|Indices||Trading instruments which consist of a group of bonds and show changes in their prices; examples of indices include the NAS100, GER30 and SPX500.|
|Commodities||CFDs on brent crude oil, sweet crude oil, natural gas, copper, silver, gold, corn, soy and wheat|
|Forex baskets||Trade Yen, USD and emerging markets indices. Speculate on volatile instruments while lowering the risk of exposure to just one currency.|
|Stock baskets||FXCM’s Stock Baskets contain a number of individual stocks relating to a specific sector.|
FXCM Forex Baskets
The Index Basket
The Dow Jones FXCM Dollar Index Basket (USDOLLAR) was developed by traders for traders allowing you to take advantage of US Dollar appreciation or depreciation with precise tracking and maximum liquidity. The Index Basket is designed to be as easy to understand as it is to trade. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world.
JPY Basket : The Yen Index
The JPYBasket (“Yen Index”) is a Japanese Yen benchmark and is designed to reflect the change in value of the JPY against a basket of major world currencies. The Yen Index was developed by FXCM.
The JPYBasket began on January 2, 2019, with a rate of 10 000. It represents an equivalent ¥200 000 position in each of the currencies that make up its components for a total starting value of ¥1 million. It rises when the Yen strengthens against the US Dollar, Euro, the British Pound, Canadian Dollar and the Australian Dollar and falls as the Yen weakens compared to these currencies.
EMBasket : The Emerging Markets Index
The EMBasket is an Emerging Markets benchmark and is designed to reflect the change in value of the USD against a basket of minor world currencies. The Index was developed by FXCM. The EMBasket began in 2019, with a value of 10 000. It represents an equivalent $2 500 position in each of the currencies that make it up. It rises when these currencies strengthen against the US Dollar and lowers as they weaken.
The EMBasket is a great way to speculate on often volatile instruments while lowering the risk of taking exposure on just one currency.
FXCM Stock Baskets
FXCM now offers Stock Baskets that allow you to speculate on the performance of a certain sector without having to open exposure on each stock individually. Trading a FXCM Stock Basket allows you to go long (buy) or go short (sell).
When FXCM launched its Stock Baskets, each stock was given a value in $ terms (US$ for US Stock Baskets, HK$ for HK Stock Baskets). The baskets from that point forward measure the collective performance of each of the correlated components.
FAANG’s original price was $2 000 and Netflix represented $400 of that $2 000.
If today that same amount of Netflix shares that were worth $400 is now worth $415, that stocks contribution to FXCM’s FAANG price will be 415.
The contribution of each of the stocks will formulate the current rate of FXCM’s FAANG Index.
Does FXCM offer social trading?
Yes, FXCM offers social trading through the ZuluTrade trading platform. ZuluTrade is one of the largest social auto-trading platforms and allows you to follow the trading activity and strategy of a diverse network of traders. You no longer have to analyse or monitor the markets as ZuluTrade forex and CFDs traders do it for you.
Does FXCM have Nasdaq?
Yes, FXCM offers trading in the NASDAQ 100 technology stock index, available as CFDs. FXCM’s Enhanced CFD Execution means you trade without minimum stop distances on most products, including US30, NAS100 and the GER30. Most strategies welcome.
The NAS100’s underlying instrument is the E-Mini Nasdaq 100 Future. The Nasdaq 100 index includes 100 companies from a broad range of industries with the exception of those that operate in the financial industry, such as banks and investment companies: i.e. Apple, Adobe Systems, Amazon, Cisco Systems, Google, Intel, Facebook and more.
What awards has FXCM received recently?
FXCM has gained industry-wide recognition since it was founded in 1999. This is accentuated by a long list of awards and accolades for provision of brokerage and trade-related services.
|Best Forex Platform||2021 Online Personal Wealth Awards|
|Best Zero Commission Broker||2021 ADVFN International Financial Awards|
|Best In Class : Platforms & Tools, Mobile Trading, Professional Trading and Ease of Use||2021 Forexbrokers.Com|
|Top Rated 2020 – Forex Trading Platform||2020 Investors Chronicle|
|Best Forex Trading Platform – Global||2020 Global Forex Awards|
|Best Trading Tools Best Education Tools||2020 Online Personal Wealth Awards|
|Best Online Trading App||2020 Compare Forex Brokers|
How to use FXCM to trade forex and CFDs
Traders and investors cannot directly access the forex market. They must trade through a trading platform hosted by a regulated forex and CFDs broker.
To start trading the financial markets with FXCM, you need to register an account, choose a trading platform, an account base currency and a leverage value. Once you’ve decided how and what you will trade, you can open a corresponding FXCM trading account.
After signing up with FXCM, you will receive your login credentials via email. You are required by law to verify your account by uploading copies of your identity documents. You can then deposit funds into your trading account and start trading.
How to open a forex trading account with FXCM in South Africa
To open a forex trading account with FXCM SA, follow the simple steps below:
- Open the official website for FXCM SA
- Select your country of residence and desired trading platform to get started
- You will then be directed to a secure server to complete the online application
- Upon completing the application you will be provided a username and password
- Log in to the MyFXCM client portal
- Deposit money into your account; choose a convenient payment system and make a payment
- Set up your trading platform based on your chart preferences etc.
- Start trading
What types of accounts does FXCM offer?
FXCM offers clients four main account types which includes spreadbetting, CFD Trading, Active Trader.
FXCM also offers demo trading accounts and Islamic swap-free accounts. Each FXCM account type has different features and conditions which are suitable for different types of forex traders.
|Spread betting||Spread betting is the betting on the price movement of foreign currency, metals, oil and other securities. FXCM provides securities for trading and quotes two prices; a bid and offer price. The difference between the two is the spread. Spread betting involves the speculation on the changes in price but the client does not own the underlying stock. UK and Ireland residents only can enjoy tax-free trading commission-free and with leverage up to 1:30 across currency pairs, equities indices, shares and commodities. Terms and conditions apply.|
|CFD Trading||CFD trading allows you to trade the price movements of currency, stock indices and commodities like gold and oil without buying the underlying product. FXCM offers low spread costs, up to 400:1 leverage on forex and up to 200:1 on indices and commodities, and a powerful and easy-to-use trading platform.|
|Active Trader||FXCM’s Active Trader account is designed for high-volume investors and for traders who trade forex and CFDs as more than a hobby. Active Trader benefits include rebate pricing, dedicated support, expedited processing request, API trading, institutional derived trade ideas and custom solutions.|
|Copy Trading||ZuluTrade is one of the largest Social Auto-trading platform , which allows you to follow the trading activity and strategy of a diverse network of traders. You no longer have to analyse or monitor the markets as ZuluTrade Traders do it for you. You can follow top traders on ZuluTrade for about $30 per month.|
What is FXCM Prime
FXCM Prime falls under the brokerage’s institutional services. FXCM Prime caters to those customers who need market data and execution access across multiple trading venues, and who wish to settle such activity in one, centralized source through one account.
FXCM’s proprietary back office collects all trades done across a variety of ECN and single bank trading venues and provides FXCM institutional clients with a holistic view of their positions. Pre-trade and post trade credit checks ensure efficient and effective allocation of net open position (NOP) utilisation.
Does FXCM offer a free demo account?
Yes, FXCM offers a free demo account. Clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. It gives clients access to the forex and CFDs market which can be traded in real time under real market conditions but with zero risk of losing real money on a forex trade order. Once beginner traders has spent time learning how to trade on a free demo account, they progress to opening a mini trading account that requires only a small amount of capital.
The FXCM demo account is stocked with $20 000 in virtual money and is an all-in-one market simulator. It allows beginner traders to watch the currency markets, analyse price action and execute trades in real time without the risk of losing their own capital.
Does FXCM offer an Islamic account?
Yes, FXCM offers an Islamic trading account. This is known as a ‘no swap account’ because the accounts charge no swap or rollover interest on positions held overnight in the forex market. Only an administration fee is charged on open positions.
Islamic trading accounts are only offered to clients of Muslim faith as it allows them to engage in online forex trading while conforming to Sharia Law.
After you’ve funded your FXCM account, you can apply for an Islamic account. The request will then be forwarded to the relevant department for review and approval. Requests are usually processed within 1-2 business days.
FXCM deposits and withdrawals
FXCM offers a variety of fee-free deposit methods including via debit/credit card, bank wire and eWallets such as Neteller, Skrill, Rapid Transfer and Klarna.
All deposits are processed immediately excluding bank wire which can take between 3- 5 business days and withdrawals are usually processed within 1-3 business days.
Withdrawals can be made via the same deposit methods. All withdrawals via debit and credit cards are fee-free but bank transfers incur fees.
Clients can deposit and withdraw funds easily once logged into the MyFXCM portal.
How to deposit money into a FXCM account
All FXCM clients have access to the client service portal through their live trading account credentials. Visit http://www.myfxcm.com to manage your account and deposit funds.
The fastest way to fund your FXCM account is with a credit or debit card. Clients can also fund their accounts via FXCM Trading Station Mobile app using a debit or credit card.
FXCM offers a range of quick & secure funding options:
- Credit and debit card : Visa, MasterCard and other cards
- Bank Wire : International bank wire takes approximately 3 to 5 business days
- Skrill/Neteller : send funds electronically using your Skrill or Neteller E-Wallet
How to withdraw money from your FXCM account
You can withdraw funds from your FXCM trading account to the same credit card or debit card that you used to deposit funds or you can withdraw funds by bank transfer. Withdrawal via bank transfer is the most common option. You can also withdraw money to electronic wallets. This is a nice feature that isn’t available at all brokers. At FXCM, you can withdraw money using Neteller, Skrill or UnionPay.
Log in to your MyFXCM account and follow the simple steps to withdraw your funds.
To withdraw money from FXCM, you need to go through the following steps:
- log in to your account
- select ‘Withdrawal’ or ‘Withdraw funds’ from the appropriate menu
- select the withdrawal method and/or the account to withdraw to
- enter the amount to be withdraw, and, if prompted, a short reason or description
- submit your request
Whatever method you use, you may only withdraw money to accounts or cards that are in your name.
How many days do FXCM withdrawals take?
Withdrawal requests will be processed within 3 to 4 business days. After FXCM processes a withdrawal, it could take several more days for the funds to arrive to your bank account.
What are FXCM’s fees for deposits and withdrawals?
FXCM has low forex fees and average non-trading fees. There are no account, deposit or credit/debit card withdrawal fees. There is an inactivity fee of $50 fee after one year of inactivity and withdrawals by bank transfer incur fees.
What are the FXCM withdrawal fees?
Domestic bank withdrawal : $25 fee per withdrawal
International bank withdrawal : $40 fee per withdrawal
Credit/debit card withdrawal : free for credit/debit cards
What are the commissions and spreads of FXCM?
FXCM has mixed fees with non-commission and commission-based accounts. Commissions and spreads depend on the type of account you open. FXCM does not charge any fee to open an account and deposits and withdrawals to credit or debit cards are free of charge.
FXCM offers competitive spreads on currency pairs and CFD instruments. Spread betting and CFD trading accounts offer commission-free trading whereas Active Trader accounts are commission-based but with even better spreads. Active Traders can get deep discounts on spread costs based on the volume traded.
What is the minimum deposit for a FXCM trading account?
The minimum deposit for FXCM is $300 in the EU and $50 in non-EU countries for a Standard account. Active Trader accounts require a $25 000 initial deposit. The maximum deposit is $/€/£10 000 per transaction or $/€/£20 000 per calendar month.
What are the contract specifications for forex trading on FXCM platforms?
- Forex spread calculation
FXCM trading conditions display the standard bid-ask spread (pips) for forex instruments unless otherwise stated. Standard spreads are as stated under normal market conditions. Spreads can widen depending on market conditions.
Spread Cost Formula: Spread x Trade Size = Spread Charge in Secondary Currency*
*Secondary Currency is the Second Currency quoted in an FX pair (CUR1/CUR2 USD/JPY, EUR/USD, etc.)
For a 1 000 EUR/USD trade with a spread of 3 pips (0.0003), the calculation is as follows:
0.0003 X 1 000 = $0.30*
- Bid-Ask spread and commissions
FXCM is compensated through the bid-ask spread, except when otherwise stated. FXCM does not charge commissions on any trade.
- Forex margin/leverage calculation
All instruments are traded on margin allowing you to leverage your positions. FXCM trading conditions display both margin and leverage amounts. Margin is displayed as a percentage (%) while leverage is displayed as a ratio.
Percentage Margin Formula:
Trade size x margin (%) = Margin required in primary currency*
Leverage margin formula:
Trade size / leverage = Margin required in primary currency*
*Primary currency is the first currency quoted in a forex pair
For a 1 000 EUR/USD trade with a margin requirement of 0.50% or leverage of 200:1, the calculation is as follows:
Percentage margin requirement: 1 000 x 0.005 = €5.00
Leverage Margin Requirement: 1 000 / 200 = €5.00
- Forex buy/sell overnight interest calculation
FXCM trading conditions display the Over-Night (O/N) interest rates charged/paid on a daily basis for holding a position open past our End of Day time. These rates are displayed in the Overnight Interest – Buy and Overnight Interest – Sell” columns.
End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.
You can use the following formula to calculate your Daily Overnight Interest amount:
Trade amount x daily overnight interest = Daily overnight interest charged/paid*
*Overnight interest charged/paid will be calculated in the primary currency. Primary currency is the first currency quoted in a forex pair.
For a 1 000 EUR/USD trade with a daily overnight interest buy (or sell) rate of -0.0053% and subject to a charge for 1 day, the calculation is as follows:
1 000 x -0.000053 = -0.053 = -€0.05* rounded
Note: FXCM platforms display overnight interest (swaps) in annualised terms.
FAQs about FXCM
Does FXCM have a Welcome Bonus?
No, FXCM does not offer a Welcome Bonus. In accordance with regulatory restrictions, FXCM Ltd does not offer any bonuses or promotions.
FXCM offers other types of incentives for active traders and referral partners.
FXCM rebate program
Get Cash Rebates back for your trades. You can get different tier rebates based on the volume you trade.
FXCM Cash Rebates requirements:
- have a funded account with FXCM or open a new account
- meet a minimum notional volume requirement of USD 10 Million on a monthly basis
FXCM Friends and family referral promotion
- sign up to the FXCM referral promotion once you have a funded account
- invite your friends and family to open and fund an account with FXCM
- get rewarded once you and your referrals have followed all the required steps
Can I start trading with no money in my FXCM live account?
No, you cannot start trading if you have not deposited the required minimum balance in your FXCM live account. You can only trade with no deposit on a free demo account but you are practicing to trade with ‘fake’ money and do not earn profits from any trades.
What leverage does FXCM offer?
All new FXCM accounts are defaulted to 400:1 leverage on forex and 200:1 leverage on CFDs.
FXCM accounts that are funded in excess of 20 000 CCY (convertible currency) are moved to 100:1 leverage on forex. The leverage on your account is then be adjusted based on the equity in your account. FXCM reserves the final right, in its sole discretion, to change your leverage settings.
Where is FXCM’s headquarters based?
Registered address: 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom
Telephone: +44 20 7398 4050
Email: [email protected]
Website : www.fxcm.com
FXCM has representative offices in the following jurisdictions: United Kingdom, Europe, Australia, Hong Kong, South Africa, Canada and Israel
Who is the CEO of FXCM?
The CEO of FXCM Ltd is Brendan Callan (2017- ).
Does FXCM offer online support?
Yes, FXCM offers 24/5 multi-lingual online Customer Service support in 8 languages via phone, email, live chat, SMS and WhatsApp. There is also a detailed Help Portal covering product, platforms and account-related questions.
Does FXCM offer a demo account for forex traders?
Yes, FXCM offers a free demo account to registered clients.
A demo trading account is a type of forex trading account that is funded with entirely virtual money, but still includes all of the functionalities and technical indicators as a live account. It’s the perfect tool for beginner forex traders because you can become familiar with trading strategies and indicators in real time on your trading platform before you start trading with real money.
Does FXCM have a mobile app for forex trading?
Yes, FXCM offers an award-winning mobile app for forex and CFDs trading.
Does FXCM publish an Economic Calendar?
Yes, FXCM publishes an Economic Calendar.
The FXCM global Economic Calendar comprises routine financial events which affect the financial markets. The events on the FXCM Economic Calendar are pre-scheduled and include statements made by countries and other leading players in the financial arena such as central banks, the International Monetary Fund (IMF) and governments.
Skilled traders anticipate these events and plan their trades in accordance. Each of these newsworthy economic events can create changes in the value of different financial assets and positions on forex trading.
How to communicate with FXCM
FXCM provides dedicated Customer Services in 8 languages. You can contact a FXCM representative via email, telephone or Live Chat in the different jurisdictions.
Telephone and email details for each country can be found on the FXCM website under International offices and sites.
FOREX TRADING AFRICA DISCLAIMER
Forex is a complex instruments and trading forex involves a high risk of losing money rapidly due to leverage. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.
Forex Trading Africa annually reviews brokers regarded as the best in the world and provides information on the tools, market analysis and service they offer. We aim to provide important information for you to base your decisions on when choosing the right forex broker for your needs.