Khwezi Trade Review

ZAR 2000
Minimum Deposit
200:1
Maximum Leverage
1.0
Minimum Spread
9.1 TradeForexSA
Pros
  • FSCA (South Africa) Regulated, Category 1 & 2 Licensed
  • Rand deposits held in segregated (separate) account with Standard Bank
  • MT4 Terminal, Android and iOS Applications
  • One-on-One Training Programs
Cons
  • Spreads vary depending on deposit
  • Does not offer shares
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 good 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.
Account Types9
Client Support & Onboarding9.5
Free Services9
Deposit & Withdrawal9

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 that lasts 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 lowest 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 is fully integrated with MetaTrader 4, which is 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 are able to follow other traders on their platform.

Daily emails with signals and technical analysis are sent to all clients, and instructional videos and educational material in the form of ebooks are available on their webpage.

Regulation:

Khwezi Financial services is a South African company, one of its divisions is Khwezi Trade.  Khwezi Financial Services is regulated by the Financial Services Conduct Authority. 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 were dealt with quickly and efficiently.   Khwezi Trade is really 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 7am to 6pm, but clients can call after hours for emergency assistance.  Support is offered 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.

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