SPONSORED: 5 best forex brokers accepting Ozow in South Africa

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Ozow is a forex trading concept which is offered by forex brokers in South Africa. Which reliable brokers offers this facility?

5 best forex brokers accepting Ozow in South Africa

Excerpt: Ozow is a forex trading concept which is offered by forex brokers in South Africa. Which reliable brokers offers this facility?

Ozow facilitates cardless fund transfers and is a proudly South African automated electronic funds transfer (EFT) payment processor. These monetary transactions occur instantaneously, from the buyer’s bank account to the vendor’s bank account.

Because it provides a foolproof method of making payments online, Ozow has quickly gained widespread adoption, attracting the attention of thousands of businesses and consumers.

Here are the 5 best Forex brokers that accept Ozow with excellent trading conditions.

 

1.   IFX Brokers

Overview

IFX Brokers is a South African forex trading broker that is authorised and supervised by the Financial Sector Conduct Authority (FSCA).

IFX Brokers provides access to a number of different financial markets via cutting-edge trading software. Liquidity provided by IFX Brokers is among the greatest in the industry, and it comes from a wide variety of reliable sources, including South African and international banks.

 

Pros and Cons

Pros

High leverage available

MetaTrader 4 is supported.

Resources for learning are available

 

Cons

Lax regulation

 

Features

Feature Information
Regulation FSA
Minimum deposit from ZAR100
Average spread from 0,5 pips
Commissions from NA
Deposit/Withdrawal Fees NA
Maximum Leverage 1:500
Bonuses NA
Customer Support 24/5

 

2.   Exness

Overview

As one of the leading South African brokers, Exness provides both novice and seasoned traders with a secure, fair, and transparent trading environment. When it comes to investing, Exness is the go-to platform for individualised service.

 

Pros and Cons

PROS CONS
Well-regulated  
Tight spreads  
Over 130 currency pairs  

 

Features

Feature Information
Regulation CySEC, FCA
Minimum deposit from $1
Average spread from 1.3 pips
Commissions from 3 USD and 10 USD per 1 lot for CFDs
Deposit/Withdrawal Fees None
Maximum Leverage 1:2000
Bonuses Standard +10% Bonus Programme
Customer Support 24/5 – multilingual

 

3.   Blackstone Futures

Overview

Blackstone Futures, which is authorised by the Financial Sector Conduct Authority offers a variety of tradable assets through the MetaTrader trading platforms which are accessible via desktop, web, and mobile platforms, and welcomes traders from all over the world.

 

Pros and Cons

Pros

Wide range of tradable instruments

Feature rich trading platforms

Diverse trading tools

Selection of educational tools and material

Excellent customer support

Cons

Small range of account types

Limited payment options

Cryptocurrency is not yet available

 

Features

Feature Information
Regulation FSCA
Minimum deposit from ZAR1000
Average spread from 0,6 pips
Commissions from NA
Deposit/Withdrawal Fees NA
Maximum Leverage 1:400
Bonuses NA
Customer Support 24/5

 

4.   QuickTrade

Overview

More than 30 currency pairings, equities, ETFs, and other asset classes are available to traders through South African FX and CFD broker QuickTrade.

QuickTrade is a top South African broker that is licensed and registered with the Financial Sector Conduct Authority (FSCA). Both inexperienced traders and large institutions can take advantage of QuickTrade’s high-tech offerings.

 

Pros and Cons

Pros

Well-regulated broker

ZAR accounts available

Wide range of funding options

 

Cons

Limited trading accounts

Limited financial instruments

 

 

Features

Feature Information
Regulation FSCA
Minimum deposit from ZAR0
Average spread from 1.2 pips
Commissions Yes
Deposit/Withdrawal Fees No
Maximum Leverage 1:500
Bonuses NA
Customer Support 24/5

5.   CM Trading

Overview

CM Trading is a South African broker that has been in business since 2012 and is regulated by the Financial Sector Conduct Authority (FSCA) and accepts clients from all around the world, including novice and experienced traders.

Among the many financial assets available for trading through CM Trading are major and minor currencies, exotics, precious metals, shares, CFDs, and more.

 

Pros and Cons

Pros

Beginner-friendly trading platforms

Wide asset selection

Commission-free trading available

Cons

No fixed spread accounts

High minimum deposit

 

Features

Feature Information
Regulation FSCA
Minimum deposit from USD100
Average spread from 0.7 pips
Commissions No
Deposit/Withdrawal Fees No
Maximum Leverage 1:400
Bonuses Yes
Customer Support 24/5