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Jeff founded TradeForexSA together with Björn Michels in 2011. He had 15+ years of experience working with online content and helping brands in finance and telco improve performance and profitability online. He was central to establishing our partner portfolio, setting the educational focus of the content published, and the research processes that today are the backbone of our credibility and independence of articles and product reviews.
Jeff battled aggressive neuro-endocrine cancer and passed away in March 2022. We are eternally grateful for his friendship and the positive influence he had on us as colleagues and the company as a whole. He will be forever missed.
Jeffrey Cammack June 11, 2021 07:28 AM
WARNING: As of 06/09/2022 BKFX has ceased operations and is no longer accepting new clients. We know another company using the BKFX name is operating from St Vincent and the Grenadines. Be aware that this is a possible clone firm. Founded in South Africa in 2017, BKFX was an FSCA-regulated broker offering trading on a range of financial instruments, including 40 Forex pairs, 7 indices, 5 commodities, 12 cryptocurrencies and 39 share CFDs. BKFX offered four live accounts with a range of minimum deposit requirements to suit traders of all experience levels. Trading costs were higher than other STP/ECN brokers, with spreads starting at 1.8 pips (EUR/USD) on its Cent Account but improved to 1 pip (EUR/USD) on the Premium Account, in exchange for a high minimum deposit of 1,000 USD.
Jeffrey Cammack February 15, 2021 10:26 AM
Global GT is an international CFD broker regulated by the FSCA and the FSA Seychelles. An STP broker with a wide range of CFDs, Global GT offers market execution and ZAR trading accounts. But, unlike most brokers in South Africa, Global GT only provides support for the MT5 platform and not the industry-standard MT4. Global GT has a very low required minimum deposit of 5 USD on most account types, but its variable spreads are wider than its peers. Because Global GT is a new broker, it provides little in the way of education and market analysis materials, making it a poor choice for beginner traders.
Jeffrey Cammack October 24, 2020 10:36 AM
We do not recommend Hugo's Way to South African traders as it is completely unregulated and trading costs are high. If you are looking for a good ECN/STP broker we recommend Axi or FP Markets. Hugo's Way is an ECN/STP broker with a single account type and support offered for the MT4 platform only. Spreads are wide for an ECN/STP broker, starting at 0.8 pips on the EUR/USD. Hugo's Way also charges a 5 USD commission per lot traded, making this broker one of the more expensive ECN/STPs to trade with. Forex education and market analysis are almost non-existent and customer support is limited to a contact form and a live chat system.
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