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Khwezi Trade Broker Review

By Jeffrey Cammack Created: Tuesday, May 7th, 2019 Updated: Wednesday, May 15th, 2019
Average Score

3/5

Min. Deposit ZAR 2000
Max. Leverage 200:1
Min. Spread 0.6 pips
Regulators FSCA
Regulator Origin FSCA
Broker Type Pure STP

Summary

Khwezi Trade (a division of Khwezi Financial Services - FSP 44816), with category 2 FSCA regulation and headquartered in Cape Town, is proudly South African. Offering South Africans trading in Rands and holding client funds in segregated accounts at Standard Bank of South Africa, you can expect the security of staying local. With satisfactory trading conditions and superior customer support from this STP broker, full MT4 support, a fast and free deposit and withdrawal system you will always trade in comfort and knowing your funds are safe.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses 30% Rescue Program for $50 Deposit
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum deposit ZAR 2000
Base currencies ZAR
Number of FX Pairs 32
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts No

Average Spreads

EUR / USD 1.8
GBP / USD
USD / JPY

Company Details

Company name Khwezi Financial Services (PTY) Ltd
Founded 2013
Website Visit site
Type Pure STP
Regulators FSCA
Office locations South Africa

Deposit & Withdrawal Methods

Supported Platforms for Khwezi Trade

Khwezi Trade Broker Detailed Review

Account Types

Khwezi Trade offers a range of accounts, each with its own deposit amount and services provided. There are free trading signals and technical analysis for all accounts delivered daily.

Demo Account

A R100,000, demo account stays open 14 days, and you can renew it should you wish. Once you have your demo account, the trader can call the desk for assistance, and there are tutorial videos on our webpage for beginners.

Real Account

The real account is a single account, but there are levels of service that you can expect with the higher levels of deposit.

  • Deposit R2,000 – R1,4999: Normal account with an account manager
  • Deposit R15,000 – R49,999: 5 free training sessions, account manager, and reduced spreads
  • R50,000+: VIP account with tightest spreads, unlimited training, access to account manager at all times

Khwezi trade runs monthly promotions, giveaways, i.e. tablets, smart watches etc. depending on their promotions.

Trading Platforms

Khwezi Trade has full MetaTrader 4 support – the industry standard the world over. IOS and Android versions of MT4 are available for download from their website so you can trade whenever you are away from your computer.

Trading Assistance

Khwezi trade offers Copycat or Mirror trading; you can follow other traders on their platform.

All clients get daily emails with signals, and technical analysis along with instructional videos and educational material in the form of ebooks are available on their webpage.

How To Open, Monitor & Close A Trade With Khwezi Trade

Regulation

Khwezi Financial services is a South African company, one of its divisions is Khwezi Trade. The Financial Services Conduct Authority regulates Khwezi Financial Services – FSP 44816.

Khwezi Trade is highly recommended for South African traders, as they are focused on the South African market. Khwezi Trade freely accepts Rand deposits and supply clients with secure segregated bank accounts with Standard Bank.

Deposits & Withdrawals

There are no deposit and withdrawal fees and withdrawals processed daily (weekdays only).

Access to your administrator login on their webpage, My-Khwezi gives you full control and access to all aspects of your trading account such as wallets, withdrawal request and moving money between accounts.

Customer Support

Client service is excellent with Khwezi Trade. Requests are answered quickly and efficiently. Khwezi Trade is trying to offer South Africans a different and better experience – and a very personal one.

Support is offered via email and phone from their office from 7 am to 6 pm, but clients can call after hours for emergency assistance. Help is available in English, Afrikaans, Zulu, Sotho, Xhosa.

Conclusion

Khwezi Trade is a local company, locally based and locally regulated. You can trade in Rands and get access to South African customer support while trading with conditions and software that you would expect of any good international brokerage. If you want to trade local, then Khwezi Trade is worth your consideration.

Compare Brokers

Khwezi Trade Swissquote Tickmill Capital Index
Funding Mastercard, Visa, Bank Transfer Mastercard, Visa, Bank Transfer Mastercard, Visa, UnionPay, Neteller, Skrill, fasapay, Sticpay, Bank Transfer Bank Transfer, Visa, Mastercard
Regulated FSCA FCA CySEC FCA FCA
Broker Type Pure STP Market Maker STP Pure STP
Currency Pairs 32 78 60+ 68
Minimum Spread 0.6 1.7 0 0
Minimum Deposit ZAR 2000 $1000 $100 £100
Max Leverage 200:1 400:1 500:1 500:1
Visit Website Visit Khwezi Trade Visit Swissquote Visit Tickmill Visit Capital Index
Expert Review Read review Read review Read review Read review

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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