Start Forex Trading in South Africa! Sign up with HotForex South Africa here
TradeForex.co.za cuts through the noise and recommends the following Award Winning, Trusted, Secure, FSB South Africa Regulated Forex Broker for South Africans. HotForex offers great trading tools and world class market research. You will be able to fund your Forex Trading account via Credit Card, enjoy negative balance protection and trade Forex with a Rand based account. You will also get free access to world class Technical Analysis (Trading Central) and Chart Patterns (Autochartist) to make better trading decisions. Sign Up with HotForex South Africa here
HotForex offers 0.1 EURUSD Spreads and 1:1000 Account Leverage. 50 Currency pairs are available, including EUR/USD, USD/ZAR and ZAR/JPY. HotForex South Africa has won the Best New Forex Broker South Africa award in 2016 (Global Banking & Finance Review Awards) and has operated globally for many years (with over 500 000 live accounts).
Your Capital is at Risk. The leveraged trading products reviewed on this website are not appropriate for everyone. Do not trade with funds you cannot afford to lose and seek advice if you do not understand the risks. TradeForex.co.za will under no circumstances make any trading recommendations in any of its guides. Guides are meant for information purposes only. Trading in Margin Transactions such as those described in this website is not suitable for all investors. It is important that you carefully consider whether trading in Margin Transactions is appropriate for you in light of your investment objectives, financial situation and needs. NEVER trade with money that you cannot afford to lose.
HotForex South Africa (HF Markets SA) Summary
|Regulation and Business Address
||Highlights||Additional Info||Open a Forex Trading Account|
|HF Markets SA (PTY) Ltd is authorised by the Financial Service Board (FSB) in South Africa as a Financial Service Provider (FSP) with authorisation number 46632. Open a Rand based Trading account with HotForex South Africa here.
HotForex Business Address: (please note that you do not have to visit their office to open a forex trading account – you can open a Rand based Trading account instantly here)
HF Markets SA (Pty) Ltd / HotForex South Africa
|Trade Forex with a Rand Based Account with an FSB South Africa authorised Forex Broker.
Fund your forex trading account with credit card or wire.
Free Negative Balance Protection for Forex Traders – important to have.
7 Platforms to trade from, including Metatrader 4 (MT4), Hotforex Android, Hotforex IPhone Trader, Hotforex IPAD Trader, Hotforex Android and MT4 for Smartphones.
|Learn more about HotForex South Africa here or see more info below.
|South Africans can open a Rand based Forex Trading Account with HotForex South Africa here.|
You can trade the following 50 Forex Pairs with HotForex South Africa:
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURDKK, EURGBP, EURHUF, EURJPY, EURNOK, EURNZD, EURPLN, EURRON, EURUSD, EURZAR, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, GBPZAR, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDCNH, USDCZK, USDDKK, USDHKD, USDHUF, USDJPY, USDMXN, USDNOK, USDPLN, USDRON, USDRUB, USDSEK, USDSGD, USDTRY, USDZAR, ZARJPY
HotForex also offers trading in major indices, commodities and stocks.
South African Regulation
HF Markets SA (PTY) Ltd (HotForex South Africa) is authorized and regulated as a Financial Service Provider (FSP) from the Financial Service Board (FSB) in South Africa, under the license number: 46632.
The Financial Services Board (FSB) is an independent institution established by statute to oversee the South African Non-Banking Financial Services Industry in the public interest. It regulates the Johannesburg Stock Exchange (JSE), the largest exchange in the African continent.
The FSB aim is to ensure that Clients are treated fairly by the financial services providers and that they can enjoy a safe investment environment. Its mission and vision are to promote and maintain a sound financial investment in South Africa.
HotForex offers specialized Technical Analysis reports from the renowned industry leaders Trading Central. The technical analysis reports cover many asset classes such as Forex, Indices and Commodities. Clients can also benefit from a wide range of reports based on a variety of technical indicators, covering multiple time frames that are ideal for short, medium and long-term traders.
Unlimited access is fully available for all active Live account clients with a minimum account balance of 500 USD. HotForex also provides clients with the opportunity to receive the valuable Technical Analysis newsletter, which is provided by the Trading Central on a daily basis.
The financial research produced by Trading Central is independent, aligned with investors’ interests and free from investment banking conflicts.
Other benefits of Trading Central include:
- Regulated by the AMF (Autorité des Marchés Financiers), the U.S. Securities and Exchange Commission (SEC) and the Hong Kong-based Securities and Futures Commission (SFC).
- Intuitive interface showing key technical levels and price targets
- Commentary and analysis in multiple languages
- 16 years of industry experience and worldwide presence with offices in Paris, London, New York and Hong Kong.
Watch the HotForex TV Commercial as seen on Bloomberg TV – you can open a new Rand based Forex Trading Account with HotForex South Africa instantly here
Your Funds’ Security is Top Priority
HotForex understands that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds. They have therefore taken additional measures to ensure adequate levels of safety for your funds.
Market Leading Insurance
The Company has made further efforts to safeguard its liabilities against Clients and other third parties with a Civil Liability insurance program for a limit of €5,000,000, which includes market leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss. There is no additional cost to Clients for this cover.
Industry leader; leading financial safety
The HotForex brand has become a global leader in online trading, specializing in forex, CFDs on US and UK stocks, commodities, spot metals, and indices. Client fund security has been a part of their philosophy alongside unmatched trading conditions and customer support. With global recognition for excellence, a solid reputation, and multi-award winning services, Clients are assured that their funds are held securely.
Accounts with major banks
HotForex made the decision to only use major global banks. The strength and international standing of the HotForex brand enables the company to provide liquidity through major banks.
Segregation of funds
Clients’ funds are received into bank accounts separate from those used by the company. These funds are off the balance sheet and cannot be used to pay back creditors in the unlikely event of the default of the Company.
Negative balance protection
Volatility often occurs in the market. HotForex’s policy of negative balance protection means that even under highly volatile conditions when margin calls and stopouts do not function correctly, no Client is responsible for paying back a negative balance.
The Company continually identifies, assesses, and monitors each type of risk associated with its operations. This means assessing on a continuous basis the effectiveness of the policies, arrangements, and procedures in place which allow the company to easily be able to cover its financial needs and capital requirement at any time.
Just some of HotForex’s Awards:
BEST NEW FOREX BROKER SOUTH AFRICA 2016 (GLOBAL BANKING & FINANCE REVIEW AWARDS)
THE BIZZ 2017 PEAK OF SUCCESS (WORLD CONFEDERATION OF BUSINESSES)
TOP 100 COMPANIES (WORLD FINANCE MAGAZINE)
BEST CLIENT FUND SECURITY 2014 (GLOBAL FINANCIAL MARKET)
BEST FOREX NEWS & ANALYSIS PROVIDER 2016 (MENA DUBAI FX SHOW)
BEST CLIENT FUNDS PROTECTION BROKER AWARD 2015 (MENA DUBAI FX SHOW)
BEST FX ONLINE BROKER 2015 (NEW EUROPE MAGAZINE)
BEST FOREX BROKER WESTERN EUROPE (IAIR AWARDS)
BEST FX ONLINE BROKER 2012 (NEW EUROPE MAGAZINE)
Trade Forex from 7 Trading Platforms, including Metatrader 4 (MT4)
At HotForex South Africa, you’ll find great Forex trading platforms to suit all of your trading needs. So, whether you like to trade from your desktop or prefer to trade on-the-go, Hotforex has the platforms for you.
Choosing the Right Forex Trading Broker and Trading Platform
Look for A Regulated Forex Broker
Some Forex Brokers operate independently, but others operate under a regulatory system. For those who are under this system, they must follow the rules of the regulating commission in their country. Part of the regulations for their brokers include having to present fiscal reports to the commission. Most likely, you will be much safer with your investment when you use a regulated Forex broker.
Examine the Fees
Forex Brokers may charge for their services in more than one way. One way, which is the most common, is to get a percentage from the point spread. This percentage is the difference between the bid and the ask prices. It will vary from one Forex broker to the next. The smaller the percentage, the more you get to keep. There may also be a variation, however, between the mini-accounts and the standard Forex accounts with the same broker. Other Forex brokers may charge some kind of fee or commission. If you hold your position overnight, make sure you understand what fees are involved with that action.
Find Out What Leverage Is Offered
Each Forex trading Web site will have different amounts of leverage. Of course, the more the leverage offered, the more you can gain (or loose) – and the less you may need to trade.
Check the Execution Speed
Every deal in Forex trading can often be made or broken due to the speed at which it is performed. You will need to check this speed on their demo software. Since many Forex broker’s execution speed is close to real time (and some are not), be sure to choose one that has this good feature. Another thing to look for is to make sure that they are displaying charts that are also based as close to real time as possible.
Selecting a Forex Broker
Selecting a reliable broker for your Forex trading needs is essential to your success. There are many to choose from, and through Internet based research you will find one that you are comfortable with. You definitely want a Forex Broker who can keep up with your trading, consistently serving your needs as needed, and on time. Time is one of the most vital factors of Forex trading.
When searching for the right company to service your needs, you will find that generally speaking, the same services are offered by many. Your research should start with giving careful attention to and examining the details of different offers given by different brokers, along with the best deals involved. As you go along, create a checklist of what you need covered.
Find out who the reputable Forex brokers are. It is very easy to wind up with a broker who either has not yet established a reputation, or perhaps has less than stellar feedback from traders. Be patient and take the time to find out what traders think of certain brokers, before choosing one. Ending up with the wrong broker is a factor that can, and more than likely will, cause you as a trader to loose money.
Once you’ve found your broker, you will most likely also find that they offer what is referred to as a “dummy platform”. A dummy platform is a tool that is used to practice trading Forex with. Using this tool, you can trade as if you were trading with real money. The difference of course is that you are not using any real money at all, but instead you are trading using representations of currency with no backing. It is recommended that you practice as much as possible using this tool, before trading with legal tender.
A dummy platform is also very beneficial in helping to finalize your decision on whether or not to stay with the broker that you are practicing with. As you practice you will experience first-hand how the broker interacts with and compliments you, as well as how user-friendly, complete and accurate, the actual platform’s design and layout is. The dummy platform is of course of the same design as the actual platform that you will be using, in order to execute real trades.
Make sure that any broker who you choose to trade with has email and telephone support available, and when you have practiced enough and are ready to execute that first trade, it is advisable to start your trading with a mini account.
Watch the Official HotForex Corporate Video here – you can open a new Rand based Forex Trading Account with HotForex South Africa instantly here