How to trade CFDs in South Africa?

South Africa has been, by design or unwittingly, at the forefront of technological makeovers in the African space. This has been helped in no small measure by the tremendous tech changes of the last 20 years. In fact the forex community has grown by leaps and bounds, thanks in large measures to mobile connectivity.

South Africa has the regulations and laws all in place to welcome the energies of the online FX space. The brokers South Africans find most relevant to their needs, are regulated and are by and large a respectable lot.

We shall be scrutinizing the service performance of a handful of FX brokers. investLite, Global ATF, as well as Tickmill and BDSwiss are under consideration.

investLite, situated in Belize, is regulated by the International Financial Servicers Commission. The broker is owned by Bayline Global World Ltd., in the UK.

Fully Secure:

a good number of security measures ensure the funds of the investors stays safe and secure. invstLite employs the segregated account, to safeguard your investment against insolvency. Data encryption is another measure, ensuring further that, so far, no security incident has been witnessed.

High Leverage:

Irrespective of their account type, all investors arte entitled to high leverage. A silver account renders leverage to the tune of 1:200. The gold account doubles the stakes for you, with an astonishing 1:400 leverage. The platinum account makes you lonely at the top, with a sublime leverage of 1:500.

Tradable Assets:

clients have access to more than 350 CFDs. FX, indices, equities, commodities and metals – all categories are ably covered.

Superb Support For Customers:

through various channels, retailers are treated to multilingual support and guidance.

Sans Commissions/Fees:

with InvestLite, you as he beginner trader can truly look forward to maximizing your profitability. Spreads are the only agency of profits for the broker. There are neither commissions nor deposit fees.

Prolific In Education:

InvestLite aims at being a provider of rich learning resources.Opening an account is easy-peasy.

KYC and AML details such as address and identity details must be provided at some point.

investLite boasts of a competitive platform armed with features and tools suitable for all manner of investors. A wide array of CFDs across numerous asset classes are yours for the asking!

With several financing options on the table, InvestLite is all set to being your dream broker.

Global Trade ATF

Global Trade ATF is licensed by the IFSC and recognized by authorities across EU. Global TradeATF has following salient points: legitimate regulation; depot management that’s toll free ;

• high quality trade offer, with 40 tradable currency pairs ;
• service open throughout the day and night ;
• the demo account comes free ;
• spreads are competitive ;
• best trading platform.

Global Trade ATF scores high with trading offer and technical aspects. Support services are well above par. The only caveat is the broker’s attitude to inactivity. An inactive trader is charged inactivity fee, besides transaction fees ( impacting capitalized accounts not used for trading). That should certainly keep the novice investor on his toes!

Tickmill

Tickmill is another broker that has wormed its way into the top echelons of the South Arican charts. The broker is situated in London and is recognized by leading UK and EU authorities.

Fastest Order Execution:

if the speed of order execution is your thing, Tickmill is your broker! The broker owns a good number of data centers across the world. Tickmill is known for low latency. However, a VPS server solves that issue. On the website there are no requites. Regardless of position size, 30 and more lots can be quickly traded here. You get your deal, at the best price.

NDD broker:

as opposed to ECN brokers, a supplementary obligation is not a requirement with Tickmill.

BDSwiss

Another darling of the charts down there in SouthAfrica is BDSwiss. The broker is Cyprus based. CySEC calls the shots, as far as regulation concerns with BDSwiss go. There’s a stamp of approval!

Accessibility

20,000 euro plus accounts are secured. However, the broker does not credit new customers with a bonus upon joining. Perhaps it is a bit eccentric on part of the broker – but you can actually negotiate that bonus by talking to the customer service. With their multilingual communication offering, BDSwiss just might be your new broker!

CFDs in South Africa – The Wave of the Future

CFDs are meant for speculation and hedging. They are in the same league as options, futures, and turbo certificates. CFDs come with simpler pricing (we get this when we compare them with warrants and options). CFDs are more resilient in times of volatility. Exact loss limitation and sensible risk management make CFDs among the best investment instruments out there.

Conclusion

With greater leverage effect and more affordability vis a vis futures, CFDs are set to rule the South African forex scene.

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