Khwezi Trade Review

Kwezi Trade is a South African-based forex and CFDs broker that was established in 2013. Khwezi Trade is a division of Khwezi Financial Services, licensed and regulated by the FSCA in South Africa and holds a Category 1 and Category 2 license for financial trading. The broker provides access to currency pairs and CFDs on commodities and indices on the popular MetaTrader 4 trading platform. Clients choose four types of Rand-based accounts with competitive spreads and no commission charged on forex trades. Khwezi Trade is regulatory compliant and is a safe and reliable broker for forex traders in Africa.

Founded 2013

Regulated FSCA

Headquarters Cape Town, South Africa

Tradeable assets Currencies, commodities, indices

Trading platform MT4

Trading desk STP

Minimum deposit R2 000 (approx. $135)

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Is Khwezi Trade regulated?

Yes, Khwezi Trade is licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under license number 44816. The FSCA is the leading regulatory authority in Africa.

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FSCA: Financial Sector Conduct Authority, South Africa

The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision in South Africa. The FSCA aims to enhance and support financial markets’ efficiency and integrity and protect financial clients by promoting fair treatment by financial institutions.

Is Khwezi Trade regulated in South Africa?

Yes, Khwezi Trade is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

Is Khwezi Trade legit?

Yes, Khwezi Trade is a legitimate forex and CFDs broker and electronic trading platform. The broker was established in 2013 and is a division of Khwezi Financial Services, an authorised financial services provider [FSP 44816].

What type of broker is Khwezi Trade?

Khwezi Trade is a Straight Through Processing (STP) broker. The broker passes some or all of its clients’ trades directly to liquidity providers and makes money on the spread. Khwezi Trade plays the role of a Market Maker.

Is Khwezi Trade a good broker?

Yes, Khwezi Trade is a safe and reliable broker for all forex and CFDs traders in Africa. It is based in South Africa, and accounts are Rand based. Khwezi Trade provides the MetaTrader 4 (MT4) trading platform to access multiple assets and has implemented industry-specific security protocols to protect its clients’ information and funds.

Khwezi Trade security

Khwezi Trade is regulatory compliant and regarded as safe to use by forex traders in Africa. Khwezi Trade is regulated by the strictest authority in Africa and is regulatory compliant.

Regulated broker

Khwezi Trade is licensed and regulated by Financial Sector Conduct Authority (FSCA) in South Africa, the leading regulatory authority in Africa.

Segregated accounts

Khwezi Trade keeps client funds in a separate account which a leading bank holds. The forex broker cannot access clients’ funds to pay for company expenses or liabilities. The funds are held in ring-fenced accounts separate from Khwezi Trade’ financial accounts.

SSL-protected personal area

Khwezi Trade uses highly secure technology to protect its clients’ data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, making browsing safe and data inaccessible to any third parties.

Two-step authentication

Khwezi Trade requires two-step authentication to enhance your trading platform’s security and protect your deposits and personal information from hackers using SMS and backup codes. Khwezi Trade uses 3D secure technology when processing credit and debit cards. This technology makes all Visa transactions transparent and safe.

Know Your Customer (KYC) checks

Khwezi Trade is required by law to collect and verify certain personal information and execute Know Your Customer (KYC) checks.

Khwezi Trade trading platforms

Khwezi Trade is a MetaTrader broker and offers the MetaTrader 4 (MT4) trading platform to trade currency pairs and CFDs on commodities and indices. MT4 is available for desktop, iOS and Android devices.

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MetaTrader 4

MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading, but the company hit the jackpot with MT4. MT4 is the most popular and widely-used electronic trading platform for retail foreign exchange (forex) speculative traders.

Khwezi Trade research and education

Khwezi Trade offers its clients access to live information feeds and market analysis for a monthly subscription fee. Research resources cover:

  • technical analysis
  • fundamental news
  • candle pattern identification signals
  • indicator identification signals
  • premium buy/sell suggestions

Educational material is provided in the form of video tutorial trading guides. The selection of guides is limited but of high quality.

What products does Khwezi Trade offer?

Khwezi Trade is a multi-asset forex and CFDs broker. Clients use the MT4 trading platforms to trade currency pairs and CFDs on commodities and indices, with competitive spreads and tight margins in normal trading conditions.

Forex 60 currency pairs
Commodities CFDs on 10 commodities inc. gold, silver, Brent crude oil, WTI oil
Indices CFDs on global indicators inc. US100, DOW30, S&P500, FTSE100

Does Khwezi Trade offer copy trading?

No, Khwezi Trade does not offer a separate copy trading platform. Add-on software for copy trading is available on the MetaTrader 4 platform.

Does Khwezi Trade have Nasdaq?

Yes, Khwezi Trade offers NASDAQ-100 (US100). US100 is traded as a futures CFD on the MT4 trading platform. The US100 assigns a capitalisation-weighted index containing 100 of the largest publicly traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world.

How to trade forex with Khwezi Trade

Traders and investors cannot directly access the global forex market. They must trade through a trading platform hosted by a regulated forex and CFDs broker.

To start trading the financial markets with Khwezi Trade, you must register with the broker and follow the easy steps to verify your identity and set up a trading account. Deposit funds when your trading account has been approved and start trading.

How to open a live Khwezi Trade trading account

  1. Open the official website for Khwezi Trade
  2. Select Trade Live
  3. Upload your FICA documents via the online portal or email to: [email protected]
  4. An email is sent to you confirming your application, login details and bank details
  5. Download the MT4 trading platform
  6. Deposit the initial amount to open a live account
  7. Start trading with Khwezi Trade when your account has been verified and opened

What trading accounts does Khwezi Trade offer?

Khwezi Trade offers one type of account with four different trading plans: Silver, Gold, Platinum and Diamond. Khwezi Trade also provides a free demo account for beginner traders.

Silver account

Min deposit

Base currency

Spread

Leverage

Commission

Mkt analysis portal

VIP Videos

R500

ZAR

From 1.4 pips

200:1

Zero

No

No

Gold account

Min deposit

Base currency

Spread

Leverage

Commission

Mkt analysis portal

VIP Videos

R2 000

ZAR

From 1.0 pips

200:1

Zero

No

No

Platinum account

Min deposit

Base currency

Spread

Leverage

Commission

Mkt analysis portal

VIP Videos

R10 000

ZAR

From 0.7 pips

200:1

Zero

No

Yes

Diamond account

Min deposit

Base currency

Spread

Leverage

Commission

Mkt analysis portal

VIP Videos

R500

ZAR

From 1.4 pips

200:1

Zero

No

Yes

Does Khwezi Trade offer a free demo account?

Yes, Khwezi Trade offers a free demo account on the MT4 trading platform. Khwezi Trade clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. You can trade forex in real-time under actual market conditions but with zero risks of losing real money. Once beginner traders learn how to trade on a free demo account, they are ready to open a live trading account.

Does Khwezi Trade offer an Islamic account?

No, Khwezi Trade does not offer an Islamic swap-free live account.

Deposits and withdrawals

You can make a direct deposit into your Khwezi trading account via the broker’s mobile app or online banking platform.

How to deposit money into a Khwezi Trade trading account

  • Log in to MyKwezi
  • Select Deposit
  • Choose the payment system you would like to use; banking cards or transfer
  • Enter the amount you want to deposit
  • Click Continue
  • Fill in other information if required and click Confirm

Does Khwezi Trade charge a deposit fee?

No, Khwezi Trade does not charge a deposit fee for bank transfers and credit/debit cards. Your bank may charge you additional fees for bank transfers. Khwezi Trade does not cover any fees charged if you deposit funds in a currency different from the base currency of your account.

How to withdraw money from a Khwezi Trade account

Withdrawal requests are sent to [email protected].

If it is your first withdrawal, you need to supply the Khwezi financial department with a copy of your bank statement, not older than three months.

How many days do Khwezi Trade withdrawals take?

Khwezi Trade processes withdrawal requests daily. The cut-off time is 15h00.

Your funds should reflect in your bank account within 2-3 working days from the date of withdrawal request.

Does Khwezi Trade charge a withdrawal fee?

No, Khwezi Trade does not charge a withdrawal fee. Your bank may charge you additional fees for monetary transfers.

Khwezi Trade commission and spreads

Khwezi Trade offers competitive floating spreads on the four types of accounts. Khwezi Trade is a Market Maker broker and makes money on the bid-ask spreads.

Khwezi Trade does not charge a commission fee on forex trading. A cost of R3 per trade is charged on commodity and indices CFDs trades.

Silver account Spreads from 1.4 pips
Gold account Spreads from 1.0 pips
Platinum account Spreads from 0.7 pips
Diamond account Spreads from 0.4 pips

FAQs: Khwezi Trade

Does Khwezi Trade have a Welcome Bonus?

No, Khwezi Trade does not offer a Welcome Bonus. From time to time, Khwezi Trade offers a deposit bonus.

Can I start trading with no money in my live Khwezi Trade account?

No, Khwezi Trade requires a minimum deposit to open a live trading account. You can use a demo account with no minimum deposit to practice trading forex and CFDs before opening a live account.

What leverage does Khwezi Trade offer?

Khwezi Trade offers maximum leverage of 200:1 on all trading accounts.

Does Khwezi Trade have a mobile app for forex trading?

Yes, Khwezi Trade offers an easy-to-use mobile app for the MT4 trading platform.

Where is Khwezi Trade based?

Khwezi Trade is based in Cape Town, South Africa.

Khwezi Trade has a regional office in Sandton, Johannesburg.

Who is the CEO of Khwezi Trade?

The co-founder and CEO of Khwezi Trade is Mark Wurr (2013–).

Does Khwezi Trade offer online support?

Yes, Khwezi Trade offers 24/5 online Customer Support, available Monday to Friday via Live Chat on their website. You can also contact Khwezi Trade Customer Services via email or telephone.

Who can I speak to at Khwezi Trade for help?

Khwezi Trade provides dedicated 27/5 Customer Service supported by Live Chat, email or telephone.

Live Chat Khwezi Trade

24/5 support +27 (0) 21 300 3117

Email [email protected]

FOREX TRADING AFRICA DISCLAIMER

Forex and CFDs are complex instruments, and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. 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 and financial instruments and provides information to help traders and investors make better decisions when trading on global markets. The information is published to help improve your knowledge and understanding of international multi-asset trading and market participants.

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