Broker

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

ATFX Global Markets

Offerstwo ways to trade: Forex, CFDs

 
ATFX Global Markets
See Details Try a Demo
Your capital is at risk
$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Bank transfer
  • Credit cards
  • PayPal
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  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

2

Established in:

2014

Regulated by:

CySEC

CFDs are leveraged products and can result in the loss of your capital. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For South Africa

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose ATFX Global Markets
For South Africa?

ATFX Global Markets scored best in our review of the top brokers for south africa, which takes into account 120+ factors across eight categories. Here are some areas where ATFX Global Markets scored highly in:

  • 4+ years in business
  • Offers 57+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.50pips
  • Used by 2+ traders
  • Allows hedging
  • 2 languages
  • Leverage up to

ATFX Global Markets offers two ways to tradeForex, CFDs. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ATFX Global Markets have a B trust score, which is low. This is largely down to them being regulated by CySEC, segregating client funds, being segregating client funds, being established for over 4

Trust Score comparsion

ATFX Global Markets
Trust Score B
Year Established 2014
Regulated by CySEC
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who ATFX Global Markets is (& Isn’t)
Suitable For

As mentioned, ATFX Global Markets allows you to trade in two ways: Forex, CFDs.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with ATFX Global Markets, you’ll need a minimum deposit of $100. ATFX Global Markets offers a range of different account types for different traders including a micro accountmini account, vip account .

Finally, ATFX Global Markets isn’t available in the following countries: DPRK, Canada, Iran, Japan, Brazil, Mexico, Turkey, Cuba, Sudan, Syria, USA, Bosnia and Herzegovina, Ethiopia, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.. They do not offer islamic accounts .

Part 3

A Comparison of ATFX Global Markets vs. vs.


Want to see how ATFX Global Markets stacks up against and ? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
ATFX Global Markets
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.50
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

ATFX Global Markets
Platform MT4, Mac, Web Trader, Tablet & Mobile apps
Services Forex, CFDs
Base currency options USD
Funding options Credit cards, Bank transfer, American Express, MasterCard,
Micro account
ECN account

Part 4

AvaTrade

www.avatrade.co.za

AvaTrade are a well-known online broker, offering trading services in more than 150 countries across the globe. They are a regulated and licensed company, operating in South Africa under the name ‘Ava Capital Markets Pty Ltd’ and authorised by the South African regulatory body, the Financial Services Board (FSB). Founded in 2006, the company have grown significantly over the years and have over 200,000 registered customers. Their South Africa branch is located in Johannesburg and is one of 11 offices worldwide.

The AvaTrade platform and website are available in more than 23 languages. The company’s website provides educational resources for traders including video tutorials, books, webinars, and several other resources. The company recently launched Sharp Trader, a premium website offering extensive educational material for AvaTrade customers. A demo account is also offered by the company allowing clients to take their service for a test drive before opening a real account.

AvaTrade’s platform enables access to over 200 financial instruments in a variety of markets. Clients can trade in Forex, stocks, cryptocurrency, treasuries, indices, and numerous other markets. Through the AvaTrade platform, clients can trade in some of the most popular indices such as S&P 500, NASDAQ 100, and FTSE 100.

AvaTrade accepts a variety of payment methods including PayPal/Skrill, Credit/Debit card (min $100) and direct bank transfer (min $500), and clients from South Africa can choose to trade with USD, EUR or GBP as their base currency.

IG

www.ig.com/za/

IG are pioneers in online trading with more than 40 years of experience in the industry. They are a licensed company, authorised to operate in South Africa by the Financial Services Board (FSB).

IG’s platform gives clients access to over 15,000 markets worldwide, allowing them to trade in commodities, shares, indices, Forex, and many other markets. Many of the markets that are currently trending in South Africa are available on the IG platform, such as South Africa 40, Wall Street, EUR/ZAR, and Spot Gold.

IG offer professional and friendly support to their customers, as well as offering free, in-person educational seminars for novice traders. Clients can also find data, analysis, and commentary on all of the major platforms offered by IG, and on their website. A free demo account is also available from IG for clients to assess the platform and their trading skills before opening a real account.

Plus500

www.plus500.co.za

Plus500 is one of the leading online brokers in South Africa with a solid reputation. They are a globally recognised company with a current customer base of more than 155,000. Plus500AU Pty Ltd, a subsidiary of the Plus500 platform, operates in South Africa as an Authorised Financial Services Provider.

Clients can trade shares, stocks, cryptocurrencies, Forex, and indices with access to over 2000 financial instruments. Some of the most popular markets in South Africa are available on the company’s platform including the USD/ZAR, gold and oil.

The company’s website and trading platform are available in 32 different languages. Responsive online support is offered to customers along with free, real-time quotes.

A free, unlimited demo account is also available for those wanting to test their skills before going live. A variety of payment methods are accepted by the company including direct bank deposit, Visa/Master cards, and PayPal/Skrill; and the base currency of the trading platform can be selected as the South African rand.

Plus500 is a major partner of the “Plus500 Brumbies”, the 2016 Super Rugby Australian Conference Champions.


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