Best Training courses providers in South Africa

Best Forex brokers with free bonus allowed to trade in South Africa. Rating with real reviews

Forex trading appears to be a difficult task. You may not need to trade on foreign exchange markets to make a profit. Since long, copy trading has been available on the market. This is a way to automatically copy successful traders' transactions into an account. Simply connect to the service and select an account you wish to copy to make profit. Copy trading refers to an automated trading system where transactions are copied from one account into another. How is this possible? You can copy transactions from special platforms. Once you have registered on such a platform, you can choose a provider of signals to subscribe to his trading signals. Once the trader has completed his transactions, they are automatically replicated in you trading account.
Justforex Pros
Earnings without any knowledge
Transactions can bring you profit, regardless of your skill level
Trades are performed by professional traders
Trading style. You can choose the signals provider that suits your trading style
Enjoy more time. It is not necessary to spend much time watching the market
You can choose as many signal providers as you like
This allows you to diversify your risks
This helps to minimize losses and ensures that you don't lose all your money at once
You can hedge a losing deal with another one that is profitable
The profit is smaller but the risk of losing all the money goes down
Justforex Cons
High risk
Forex can be ambiguous and unpredictable
Even though the trades are profitable, signals providers can make mistakes and turn minus
Copy trading is risky
Professional degradation
Copying someone else's deal can cause you to lose your unique flair
You don't pay attention to the market, you don't learn from your mistakes, and you avoid technical and fundamental analysis
As the muscles are not exercised, the brain can relax without new knowledges
Always turn on the trading platform/terminal
Globex360 is a global online trading platform that allows you to trade Forex, CFDs, and indices. You can also trade with precious metals. All available energy and cryptocurrencies. Our goal is to provide our clients with the best trading experience possible. Our Group was established in 2017 and has expanded its global reach since then. It offers its services globally through its regulated trading partners. Globex360deg has become a truly global company. We are able to support our clients in any geographic area they may trade. We have strong working relationships with our partners.
Globex360° Pros
Our leveraged products and exchange traded funds allow you to trade gold
Regulated by FSCA and FIAMLA, POCA2002, POCA 2002, and POTA2002
Different trading accounts are available depending on traders' experience
A variety of trading instruments
Globex360° Cons
It does not offer protection against negative balance
The withdrawal process can take a while
Accepts no clients from the USA, Canada, or Belgium
Only MT4 trading platform available
Stock Market Dynamics is an accredited online financial education company based in South Africa that offers courses about how to trade successfully on the financial markets. Our motto is Trading made easy. Every client is unique and needs a different approach. Our mission is help clients navigate changing market conditions and personal life circumstances to create a strategy that suits their needs. We are objective about your situation and value the relationship. This is why you will get the best advice and direction. We offer access to many investment products and services. We are here to help you make informed decisions and manage your portfolio. It's impossible to wrong thousands of clients. Thanks to its reputation built over five years, our brand has thousands of satisfied clients. We strive to maintain that high standard of excellence as part of our mission. We create a trusting, reliable, and technologically advanced trading environment, while providing exceptional customer service to every client.
Stock Market Dynamics Pros
Increase your sales
Find out more about your customers
Keeps you competitive
Free sales training
Stock Market Dynamics Cons
Big commission
Customers frustrated
Lost business
CFD traders have the option of leveraged trading. Leveraged trading can be a powerful tool for CFD traders. It allows them to maximize returns even on small price changes and to increase their exposure to the markets they desire. It is important to remember that leverage can either work in your favor or against you. You can make greater profits when asset prices are in your favor, but you will also be subject to increased losses if they move against you. Leverage allows you to trade with a smaller amount of money, but gives you the opportunity to have a larger market position. This is called'margin'. The level of leverage that a broker can offer depends on which regulatory conditions it adheres to in each jurisdiction it is permitted to offer trading services. Leveraged trading allows traders to only invest a small percentage of their entire position. This will depend on the broker's leverage and the amount of leverage that the trader wants to use. It also depends heavily on the regulatory authorities who are responsible for overseeing the online trading market in their jurisdiction.
AvaTrade Pros
Boosts Capital. Leverage increases the capital available for investment in different markets
With a 100-to-1 leverage, you can control $100,000 of trading capital for as little as $1,000
This allows you to allocate significant amounts to different trade positions within your portfolio
Interest-Free Loan. Your broker may provide you with leverage to help you take a larger market position
This 'loan’ does not have any obligation in the way of interest or commission
You can use it however you like when trading
Magnified Profits. Trades that are in traders' favor can be leveraged to make higher profits
Profits are earned from the trade position managed and not the margin lowered
This means traders can still make substantial profits, even when underlying assets have marginal price movements
Mitigating Against Low Volatility. Market price changes are often accompanied by cycles of low and high volatility
Trading volatile markets is a favorite pastime of traders because it allows them to make money from price movements
Because of the lack of price movement, periods of low volatility can prove to be frustrating for traders
Leveraged trading allows traders to make bigger profits even in low volatility periods
Trading Premium Markets. Trades with leverage allow traders to trade more expensive and prestigious instruments
Many retail investors may be locked out by the high price of some instruments
However, leverage allows these markets and assets to be traded, allowing the average retail investor to take advantage of the many trading opportunities
AvaTrade Cons
Amplified Losses. Trading with leverage carries the greatest risk
Losses, just like profits, are amplified when you trade against the market
Although leverage may not require a large capital outlay, trading results can be significant because they are dependent on the size of your position
Margin call risk. When floating losses exceed your margin, you will get the dreaded broker 'Margin Call'
Leverage amplifies losses so there is always a'margin risk' when you trade in fast-changing financial markets
HotForex (HF Markets Europe) has an enhanced MetaTrader offering, quality research and a copy trading platform. HFcopy offers a decent selection, over 1,000 CFDs, and 47 forex pairs. HotForex's trading costs are still slightly higher than the industry average. The HF mobile app doesn't yet support trading.
HotForex Pros
FX Blue Labs has developed Premium Trader Tools that enhance the default MetaTrader suite.
HotForex is able to balance in-house market analysis with third-party research content and news.
Special research reports are produced by an in-house team, including quarterly, annual, and monthly outlooks.
HotForex's Traders Board module offers sentiment and correlation data.
HotForex Cons
HotForex's educational content is lacking in quality, despite a good selection of videos.
All account types have trading costs slightly higher than the industry average.
HotForex's copy trading platform HFcopy requires 300 EUR to follow existing strategies (copy). It is less mature than eToro’s offering.
Although the HF app has been improved, trading is not allowed. HotForex traders can only use MetaTrader.
What are the pros and cons of day trading vs scaling? Traders often struggle to decide which trading strategy is best for them during high volatility periods. While it may be difficult to decide which trading style is best for you, there are some advantages to day trading and scalping during times of uncertainty.
Pepperstone Pros
the most popular trading strategy
making huge profits
relatively small price fluctuations
1-5 or 15-minute charts
Pepperstone Cons
wait for support/resistance levels
traders tend to open and close fewer positions per day than scalpers
tend to focus more on longer timeframe trends
15-minute, 1-hour and 4-hour charts
Plus500UK Ltd is a UK-based company that offers the Plus500 trading platform. Its main offices are located in London. The Financial Conduct Authority (FCA), has authorized and regulated the company to offer Contracts For Difference (CFD). The company is an emerging CFD provider in Europe, Asia, and offers over a million clients its over 1000 instrument portfolio. Plus500 aims to provide clients with the opportunity to trade all financial products around the world, including shares, ETFs and Indices. Plus500 is a multiasset trading platform. Our extensive coverage covers the UK, US, European, and Asian exchanges. We have strong relationships with some of the most important international banks to provide the best trading platform for our clients. We pass these benefits to our clients in the form of better execution, greater deals size, and lower prices. Our trading platform can be accessed from multiple devices: PCs, Macs, iPhones, Android smartphones and tablets.
Plus500 Pros
Plus500 is a simple and easy-to-use website with a well-designed mobile platform.
Great customer service and account opening.
Customer service is quick and efficient.
Plus500 charges no withdrawal fees and has low stock trading fees.
Inactivity fees apply only if you do not log in to the platform.
Account opening for is easy, quick and completely digital.
Plus500 offers great deposit and withdrawal services.
Credit card available
This Plus500 trading platform is simple to use.
Plus500 offers outstanding customer service that is available 24 hours a day. The live chat as well as email support are fast and reliable.
Plus500 Cons
Plus500 offers only the standard research tools. No fundamental data or recommendations are available.
It is difficult to find educational tools.
High forex fees.
Limited customization for workspace.
Not available for popular asset classes like futures and ETFs.
Plus500 doesn't offer trading ideas nor fundamental data about assets.
Phone support not available.
Our vision was a Forex trading platform which allows traders to access all available products on global exchanges. Traders choose FP Markets due to the fact that they can trade CFDs with Forex, Shares, or Indices from one account. Our deep understanding and appreciation of traders is what distinguishes us from other competitors. With the right price, execution speed and cutting edge platforms, clients can trade with confidence. We also understand that customers require market analysis and customer support. As a global forex broker we are committed for our clients' interest. Our commitment to excellence is what makes our forex broker one of the most admired in the world.
FP Markets Pros
MT5 offers a wide range of powerful analytical tools, including 38 technical indicators that allow simultaneous display of up 100 stock quotes charts and currencies
MT 5 integrates tools to perform full fundamental analysis including an economic calendar
Market Depth, or Depth of Market [DOM], is another advantage to MT5, which displays active Bids/Offers in the market
MT5 users have access to many more tools than MT4
Programmers can also get many free tools
You can make your own tools if you have programming experience
MT5 supports netting and hedging options
There are four order execution operations available: Instant' Request', Market', and Exchange' execution
The platform supports various trade orders, including 'Market' (pending), 'Stop Orders’ and 'Trailing Stop Orders’
Algorithmic trading (copy trading), is one of the best features of your MT5
MT5 offers a fully integrated development environment, which allows traders to quickly build and refine their trading strategies using robots
The powerful MQL5 programming language allows traders to evaluate quotes and execute trades according to the underlying algorithm
You can also choose from pre-configured trading software if you're not a programmer
Mobile trading with MT5 allows traders to trade Forex, stocks and futures from anywhere and at any time
You can now carry the MT5 trading platform's vast capabilities in your pocket
MT5 Mobile offers many trading options and facilities, including netting and hedging
The app provides professional technical analysis via a set of built-in indicators and analytical items
MT5 Mobile allows you to quickly review your transactions, purchase and sell currencies, and swap assets in one click
FP Markets Cons
Although the new FP Markets app for mobile is a welcome addition to mobile trading, it still lacks many key features that are found in other top apps.
Although the educational content in FP markets isn't very strong, it has improved through podcasts.
FP Markets Iress platform focuses primarily on share trades and not forex. If you don't trade regularly or have a large balance, data fees can add up quickly.
FP Markets has a social trading portal that is compatible with MetaTrader 4 although it does not offer advanced performance metrics such copy trading leaders.
IC Markets is a well-respected Forex CFD provider. They provide trading solutions for active traders and scalpers, as well new traders to market. IC Markets offers its clients cutting-edge trading platforms, superior liquidity, and low latency connectivity. IC Markets is revolutionizing online forex trading. Traders have now access to pricing previously only available to high-net-worth individuals and investment banks. Our management team is well-versed in CFD, Forex, and Equity markets in Asia as well as North America. We have been able to identify the most efficient technology solutions and best pricing providers on the market thanks to this experience.
IC Markets Pros
IC Markets charges low forex fees
It is simple and quick to open an account.
Both deposits and withdrawals can be made free of charge and are very user-friendly.
IC Markets charges low trading and non-trading commissions.
No withdrawal or inactivity charges
The account opening process at IC Markets can be done in a user-friendly manner and is completely digital.
Credit/Debit card available
No deposit fee
Several account base currencies
MetaTrader provides the web trading platform for IC Markets. MetaTrader provides a platform that is customizable and available in multiple languages. It also offers a detailed fee report.
IC Markets Cons
IC Markets only offers CFDs and forex.
The live chat is slow and ineffective.
Investor protection is not available to non-EU clients.
CFDs have high financing rates.
Withdrawals are subject to some restrictions
FXTM was founded because trading was too exciting only for a few. As traders ourselves, we saw the potential for the internet to offer opportunities to anyone who was willing and able to learn. We established three guidelines to help others find their opportunities. Trust. Anyone who trades with us can do so with total confidence if there are the appropriate licensing and regulations in place. We pledged to keep customer funds separate, so no one would lose any of their money in the event that things go wrong. We promised to be transparent, open, honest, and truthful. Transparency and honesty were our promises. There would be no hidden fees or secrets in trading statistics. Access. Access should be easy. If Warren Buffet can trade it, it should be possible for it to be traded. Because you can't profit from what it isn’t, we offer access to world-class education that money cannot buy. Value. Value. Our agreement was to keep trading costs low and to work with our customers to make them profitable traders. After all, if you do well, we do well. Every action we take is still measured against the "three mores". Trust, accessibility and value. FXTM gives you more.
ForexTime Pros
Rapid registration and verification of accounts
Lower/tight spreads
Based on your knowledge and experience, flexible leverage may increase
Orders executed quickly
Suitable for people who do not pay or accept interest
FXTM offers flexible leverage, which will give you the competitive edge that you want
Our flexible leverage gives you the competitive edge that you need
You can trade gold with our leveraged and exchange traded funds
Regulated by multiple jurisdictions, even though they are not EU members
ForexTime Cons
High CFD fees
Inactivity and withdrawal charges
Limited product portfolio.
Trades involving standard lot 30 standard lots have extremely low maximum orders.
ECN accounts cannot be used for adding limit or stop levels to executions.
ECN accounts only allow for the addition of stop and limit levels to an executed execution.
Margin caps and leverage caps on ECN accounts

Brokers may ask you to trade a certain amount before you withdraw your bonus. Or, they might require that you keep a certain amount in your account for a specified period of time before trading. Forex bonuses have certain terms and conditions.

A few terms are necessary to understand the forex trading process in live trading environments. These terms are:

The most popular bonus is the deposit bonus. The broker will match your deposit up to a percentage, as well as a welcome bonus.

Forex brokers offer traders a 100% match bonus on deposits. A forex broker might allow clients to receive a maximum bonus up to PS1,000 for a deposit they make. After the client makes the deposit, the broker will credit their account with another PS1,000. Even though they have credited their account with PS1,000, the starting balance is now PS2,000.

No deposit Forex bonus gives traders a bonus without having to deposit. These bonuses are very popular as traders can receive a bonus without having to deposit any money. The no deposit bonus is smaller than a deposit bonus and credited with smaller amounts.

Forex brokers offer traders a PS20 bonus without deposit. After traders have opened an account and verified their identity, the forex broker will fund their account with the PS20 bonus. The bonus funds are immediately credited to trader’s accounts.

Terms & Conditions for the Bonus:

Forex trading is easy, even though it sounds simple. However, it can be difficult to cash out the profits. It is important to understand the terms and conditions of brokers.

Minimum Trade Value to Withdraw:

It is complicated to withdraw the bonus. One example is that a deposit of PS500 will result in a PS250 bonus. This amounts to PS750. The forex broker cannot allow traders to withdraw the entire amount directly. This would be detrimental to the platform. The platform sets limits and encourages traders to use bonus funds to trade. These bonus funds can be frozen until they are satisfied. A portion of the bonus funds is usually made available for payouts when the trade requirements are met. The broker may give PS1 as a bonus for every PS10,000 that is traded.

This is for people who are:

Traders who trade regularly place many trades each day.

Play through trades as many times as you can.

People who have large trade volumes.

Time Limit:

The time limitations that bonuses have are also important to traders. This strategy is used by platforms to make cash withdrawals of bonuses difficult. Brokers will often set a time limit. For example, 30 days to trade bonus funds before withdrawing them.

Eligible Couples:

Sometimes, certain currency pairs may be restricted by the forex bonus without deposit. To ensure that the forex trading pair is allowed, read the terms and conditions.