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Khwezi Trade Broker Review

By Jeffrey Cammack Updated: July 12th, 2019
Average Score


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


Khwezi Trade has category 2 FSCA regulation and is headquartered in Cape Town, South Africa. Khwezi Trade offers trading in Rand and holds client funds in segregated accounts at Standard Bank of South Africa. An STP broker, Khwezi Trade has good trading conditions, superior customer support, full MT4 support, and a fast and free deposit and withdrawal system.


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

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

Khwezi Trade - South A

Is Khwezi Trade Safe?

Khwezi Trade is a well respected South African broker and its parent company, Khwezi Financial Services, has been regulated by the FSCA (FSP: 44816) since 2013.

Though Khwezi Trade is not regulated internationally, it keeps all client funds segregated with a local bank, Standard Bank, and in ZAR – providing an additional level of security for South African traders.

Additionally, Kwhezi Trade has been recognised by the wider Forex industry – winning the award for Best Broker in the 2019 Global Brand awards.

Khwezi Trade for Beginners

Khwezi Trade is well suited to beginner traders, with a strong educational section in both video and text format and responsive customer support via phone, email and live chat.

Educational Material

While Khwezi Trade does not offer a vast amount of educational material, what it does have is of a high-standard and useful for new traders. The video tutorial section covers the basics, such as MT4 setup, charting, and tips and tricks for MT4. If you have any trouble with these tutorials, support staff can also offer assistance via telephone and email.

Khwezi Trade also has a short but excellent Trading Basics article covering questions commonly asked by new traders. Another article, Trading Products, presents the tradeable instruments available on Khwezi Trade, with impressively detailed descriptions. Khwezi Trade also run a frequent blog on topics of importance to beginner traders, such as Why You Should Invest in a Trading Mentor and Is Your Broker Legitimate?

Khwezi Trade is currently working on an advanced video tutorial series for more experienced traders and has four videos so far, which will also be used in webinars.

Analysis Material

Khwezi Trade sends daily analysis emails to all clients – it also offers Premier and VIP client access to a portal showing analysis on all pairs. Further analysis is also available via a 395 ZAR monthly subscription – analysis includes Multi-Timeframe Elliott Wave South African Rand Forecasts as well as technical and fundamental analysis and buy/sell suggestions.

Customer Support

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

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

Trading Conditions

Khwezi Trade’s trading conditions vary depending by account type and account type depends on the minimum deposit.

Khwezi Trade is an STP broker and posts all trades direct to market. Maximum leverage across all accounts is 1:200 – lower than the 1:500 offered by many other brokers, though this is not necessarily a bad thing given the risks in trading with high leverage.

Hedging and EAs are available and the Stop Out is fixed at 30%. Being a purely South African broker, all accounts are denominated in Rand. Khwezi Trade also offers Copycat or Mirror Trading through the single-choice MT4 platform.

Account Types

Khwezi Trade offers a single account split into four types depending on minimum deposit and services provided. There are free trading signals and technical analysis for all accounts delivered daily. A demo account is also available.

Demo Account

The 100,000 ZAR demo account stays open for 14 days, and you can renew it should you wish. Once you have a demo account set up, traders have full access to Khwezi Trade’s customer support.

Real Account

Khwezi Trade offers four account types, depending on your minimum deposit. Higher levels of minimum deposit lead to tighter spreads and other advantages.

  • Minimum Deposit R2,000: Basic Account with an account manager but no personal training and wider spreads.
  • Minimum Deposit R15,000: Standard Account with free training sessions, account manager, and reduced spreads but no access to the Market Analysis Portal
  • Minimum Deposit: R30,000: Premier Account with tight spreads, unlimited training, access to account manager at all times.
  • Minimum Deposit: R50,000: VIP Account with institutional spreads, access to the Market Analysis Portal and advanced personal training.

Khwezi Trade also runs monthly promotions, giveaways, i.e. tablets, smartwatches etc.

Spreads and Commissions

While spreads are floating on all account types, at the VIP Account level they can be as tight as 0 pips, and even at the Basic Account level, they are competitive. No commission is charged on Forex trades, though a 3 ZAR commission is charged per trade on Index and Commodity CFDs.

Deposits and Withdrawal Fees

There are no deposit or withdrawal fees and withdrawals are processed daily (weekdays only). There are also no inactivity fees applied to your account.

Trading Platforms

Khwezi Trade supports the MetaTrader 4 platform only – though this is the industry standard and a good choice for. Desktop, iOS and Android versions of MT4 are available for download from Khwezi Trade’s website and the customer support team are happy to assist traders with setting up and troubleshooting.

Trading Video


Khwezi Trade is a locally-based and locally regulated broker and trading is denominated in Rands. This broker offers South African customer support while trading with conditions and software that you would expect of any good international brokerage, though leverage is lower than its competitors. If you having a good local broker is important to you, 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
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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