Are you planning to start CFD trading in South Africa but don’t know about the options available? If yes, then you have landed at the right place. CFD trading is getting immense popularity, and a large number of people are inclined towards it. If you want to become part of CFD trading, then delve into the article.
Top 3 Broker Types
If you are interested in CFD trading South Africa, you must want to know about the top broker options that you can avail yourself of. So, here is an overview of all the brokers; it will surely assist you in choosing one that suits you the most.
Blackstone Futures Broker
Blackstone Futures is situated in Rosebank Johannesburg; this prestigious broker is authorized by the renowned regulatory body named FSCA. However, they are located in South Africa but have ample reach to the nearby countries like Lesotho, Namibia and Swaziland.
Pros
- Withdrawal on same day
- Regulated by FSCA
- Customer Support is excellent
- Negative Balance Protection.
Cons
- Unavailability of Islamic Account
- No Metatrader 5
Blackstone Futures Deposits and Withdrawals
If you want to start trading with blackstone futures, you have to deposit USD 100 as your minimum investment. In addition, if you are concerned about knowing the deposit methods, then here we’ve enlisted some of the ways:
- EFT(Electronic Funds Transfer)
- OZOW
- Credit/Debit Card
- Bank Wire Transfer
- Skrill
- Neteller
Markets.com
Markets.com is a globally recognized forex and CFD broker that was established in 2008. When it comes to authorization, then it is worth mentioning that it is regulated by multiple regulatory bodies such as the United Kingdom’s Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC).
Pros
- Support ZAR currency
- Regulated by FSCA
- Have educational tools
Cons
- Leverage is low
- Charges of account inactivity
Deposit Methods
Markets.com provides a wide range of payment methods such as:
- Bank Wires
- Skrill
- PayPal
- Quick Bank
- Neteller
- Quick Bank Transfer
- Sofort
- iDeal
In addition to this, you have to pay $100 as the minimum deposit to start trading. But it is pertinent to mention that the minimum deposit amount can vary depending on your chosen payment method.
Exness
The third broker in our list of best brokers is the excess. This company is operated in two offices one in Cyprus and the other is in Seychelles. They have a huge family serving 72,721 active traders throughout the world, according to a report of December 2020. So, now let’s shed light on the pros and cons.
Pros
- 24/7 Support
- Extensive range of Forex pairs
- Multi-regulated
Cons
- Stocks are limited
Deposits and Withdrawals
When it comes to deposit and withdrawal options Exness has the following options:
- Tether
- Credit/debit card
- Skrill
- Neteller
- WebMoney
- Perfect Money
- SticPay
- Bitcoin
The processing time can vary depending upon the payment method you have selected.
Final Verdict
To sum up the article, we would say that CFD trading in South Africa and other regions throughout the world is making rounds, and a massive number of people are taking an interest in it. In this article, we have shared the three top-rated brokers that are operating in South Africa. We are hopeful that it will assist you in choosing the best option.
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