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Khwezi Trade Review and Tutorial

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Khwezi Trade Facts & Figures

Khwezi Trade is an online broker offering four live MT4 trading accounts.

 

Awards

• Best Broker South Africa 2020 – Global Brands Magazine

Bonus N/A
Instruments Forex, CFDs, indices, commodities
Demo Account Yes
Min. Deposit R 2,000
Pay Methods N/A
Min. Trade 0.01 lots
Regulated By FSCA
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading No
Copy Trading No
Trade Signals Yes
Islamic Account No
CFD
FTSE Spread Floating
GBPUSD Spread Floating
Oil Spread Floating
Stocks Spread Floating
Leverage 1:200
Forex

Trade dozens of FX pairs with 1:200 leverage.

 

GBPUSD Spread Floating
EURUSD Spread Floating
EURGBP Spread Floating
Assets 60
Risk Warning – Your capital is at risk

Khwezi Trade is an online forex merchant offering four live records on the MT4 exchanging stage. In this audit, we cover the enlistment and login measure just as an influence, contact subtleties, and then some. See whether Khwezi Trade is protected or a trick.

Khwezi Trade Company Details

Khwezi Financial Services is a South African business set up in 2013. The intermediary has two workplaces in Cape Town and Johannesburg and is directed by the Financial Sector Conduct Authority (FSCA) of South Africa. 

The intermediary gives exchanging cash sets, wares, and lists, just as offering different examination apparatuses and market signals.

MetaTrader 4 Trading Platform

Regardless of whether you’re a tenderfoot or prepared trader, the MT4 stage obliges different exchanging methodologies on a straightforward interface. Clients can get various graphing devices and custom pointers to investigate value developments, like Fibonacci Retracements and moving midpoints. 

Different highlights include: 

  • Full exchanging history feed 
  • Single-strung system analyzer 
  • Computerized exchanging with Expert Advisors (EAs) 
  • Numerous periods (one moment to one month) 

MT4 works with Windows XP and later PCs and can be downloaded directly from the representative’s site.

Assets

Khwezi Trade offers 60 CFD money sets, more than 14 lists including the Dow Jones and NASDAQ, and a small bunch of wares including gold, silver, and unrefined petroleum. All instruments are traded in South African Rand (ZAR).

Spreads & Commission

Sadly, the merchant doesn’t give critical data around contract details and spreads, which is one of the primary things most traders search for when looking. This is unsettling as it demonstrates an absence of straightforwardness on the merchant’s part and conceivably high charges.

Leverage

The most significant influence across every one of the four live records is 1:200. However, these are sensible rates in no way, shape or form the most noteworthy influence levels accessible. On a positive note, this cutoff points to potential danger openness.

Mobile App

The portable application form of MT4 is accessible, reasonable for iOS and Android gadgets. The application furnishes simple admittance to exchanging highlights with a versatile well-disposed interface. Custom devices are upheld, just as full evaluating feeds and exchanging history. You can likewise set message pop-ups and access a free visit administration for help in a hurry.

Payment Methods

Data around stores and withdrawals is likewise restricted. Regardless of whether controlled or unregulated, most specialists would give this independent of if the customer has opened a record. Once more, we need to hail this as an absence of straightforwardness. The specialist distributes data around the base acknowledged store, which is R 2,000.

Demo Account

Khwezi Trade offers a free practice account so that you can try out your abilities in the MT4 stage. Given that the representative isn’t impending about a large number of its administrations, we’d prescribe utilizing the demo record to investigate its highlights before opening a live exchanging account.

Bonuses & Promotions

At the hour of composing, Khwezi Trade doesn’t offer any no-store rewards or advancements. An R500 credit extra has been provided previously, so traders should check the representative’s site for future arrangements.

Regulation

Khwezi Financial Services Limited is managed locally by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP permit number 44816. This is somewhat astonishing, considering the number of issues we have recognized in this survey and various online protests. 

Traders might feel more open to picking a dealer that works under one of the more respectable administrative structures.

Additional Features

There is restricted exchanging examination and training accessible, including a few video instructional exercises for the enlistment cycle and market investigation. You can track down a more far-reaching scope of assets at different representatives. 

The representative offers their Flexi Analysis administration, a membership to live specialized investigation updates and signals. Be that as it may, this includes some significant downfalls of 395 ZAR each month (around 23 USD).

Live Accounts

Khwezi Trade offers four live records accessible in ZAR: Basic, Standard, Premier, and VIP. The records principally contrast as far as the underlying capital necessities and the spreads. The least stores start from R 2,000 (around 120 USD) in the Basic history and go up to R 50,000 in the VIP. Spaces become more severe as you climb the record levels. 

Large numbers of the other record highlights are similar, including the base trade size of 0.01 parcels and the edge call and stop-out levels at 100% and 30%. 

It looks somewhat simple to open a record. Notwithstanding, it’s essential that the enrollment structure requires a versatile number, which some trick merchants might use for cold pitching.

Benefits

Motivations to trade with Khwezi Trade include: 

  • FSCA managed 
  • Forex and CFD exchanging 
  • Signs and specialized examination

Drawbacks

Downsides of picking this brand include: 

  • Grumblings in surveys 
  • Not straightforward about estimating 
  • Exceptionally restricted instructive substance 
  • Absence of data around stores and withdrawals

Trading Hours

Similarly, as with different pieces of this audit, restricted data is accessible regarding resource explicit opening occasions. So, general market exchanging hours are between 0:00 GMT+2 on Monday to 22:00 GMT+2 on Friday.

Contact Details

There are a few different ways you can contact Khwezi Trade, including a live visit administration and an online enquiry structure. You can likewise arrive at the intermediary using phone or email:

  • Email – info@khwezifs.co.za
  • Telephone – +27 (0) 21 300 3117 or +27 (0) 10 312 5194
  • Cape Town address – 1020 Manhattan Place, 130 Bree Street, Cape Town 8001
  • Johannesburg address – Office 9012, 9th Floor, Atrium on 5th Street, Sandton 2196

Security

MT4 is a safe and safe stage, following industry-standard encryption conventions that ensure information trades between workers. We can’t, be that as it may, ensure the security of installment techniques.

Khwezi Trade Verdict

Despite offering the confided MT4 stage, a few live records and a sensible most miniature store, this survey discovered concerns. Most remarkably, there is a particular absence of data concerning installment techniques and exchange expenses. This makes it hard to suggest the agent right now, as the proof focuses on a potential trick.

Accepted Countries

Khwezi Trade only accepts traders from South Africa, Lesotho, Namibia.

Alternatives to Khwezi Trade

If you are searching for options in contrast to Khwezi Trade, we have aggregated a rundown of the best 5 dealers like Khwezi Trade underneath. This rundown of specialists like Khwezi Trade is arranged by comparability and incorporates organizations acknowledging traders from your area. 

  1. OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and portable arrangements. 
  2. RoboForex – RoboForex is a multi-resource online agent offering incredible exchanging assistants. 
  3. Hantec Markets – Hantec Markets is a multi-managed online FX intermediary offering MT4 and custom-made assistance giving immense adaptability to suit any trader. 
  4. Fortrade – Fortrade is a multi-resource agent offering an essential live record with cutting-edge apparatuses. 
  5. IronFX – IronFX offers internet exchanging forex, stocks, prospects, products and digital forms of money

FAQ 

Is Khwezi Trade a scam?

Khwezi Trade is a South African specialist managed by the FSCA. Nonetheless, there are a few warnings on the site that could recommend it is a trick. 

What is the minimum initial deposit required at Khwezi Trade?

Most minor stores increment relying upon the record type yet start at R 2,000 with the Basic record. 

What platforms does Khwezi Trade use?

Khwezi Trade utilizes the downloadable work area and portable application stage – MetaTrader 4 (MT4). 

Where is Khwezi Trade based?

The specialist is situated in two areas in South Africa: Cape Town and Johannesburg. 

Does Khwezi Trade offer a no deposit bonus?

At the hour of composing, the specialist doesn’t give any such arrangements. Traders should check the site or online media pages for future meetings. 

Is Khwezi Trade a scam?

While we can’t say for sure that the specialist is a trick, our survey was worried about the absence of straightforwardness concerning Khwezi Trade, especially around installment choices and expenses. Accordingly, we would suggest different suppliers first.

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