Khwezi Trade Review 2020

Khwezi Trade Summary

Khwezi Trade is a South African-based Forex broker that is currently regulated by the Financial Sector Conduct Authority (FSCA). Khwezi Trade offers four different trading accounts that are based on the trader’s experience. Along with the regulation of the FSCA, this Forex broker stores client funds into segregated and personalized accounts.

This Khwezi Trade review will provide you with an in-depth analysis of all its features that are available to you, as an active trader.

Khwezi Trade Main Features
🛍️Established in:
2013
🛍️Headquarters:
Cape Town
⚖️Regulations:
FSCA
⚖️Country of regulation:
South Africa
💰Minimum Deposit:
R2,000
🎮Platforms:
MT4, MT5
🎮Demo Account Available:
Yes
💱Leverage:
1:200
💰Withdrawal fee amount:
$0
💰Inactivity Fee:
No

Pros

  • Regulated by the Financial Sector Conduct Authority (FSCA)
  • Stores client funds in segregated accounts
  • Fast withdrawal process
  • No deposit or withdrawal fee
  • Different types of trading accounts
  • Several means of communication available
  • Demo Account provided
  • Low non-trading and trading fees

Cons

  • No 24\7 customer service provided
  • Limited educational content

Background

Khwezi Trade is a South African-based Forex broker that was founded in Cape Town, in 2013. This Forex broker aims to create the best online trading environment for its clients, with the lowest spreads and no commission required. In 2020, Khwezi Trade has been seen as the Best Broker South Africa of 2020 that was awarded by the Global Brands Magazine.

 

Safety & Regulation

Khwezi Trade is currently regulated by the Financial Sector Conduct Authority (FSCA), with an FSP license number 44816. In addition, this Forex broker is compliant to the Financial Intelligence Centre Act (FICA). You’ll find all client funds are stored in segregated accounts with a high-tier bank to ensure transparency.

This Khwezi Trade review will inform you on the different regulatory and protective measures towards clients.

Pros

  • Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa
  • In compliance with the Financial Intelligence Centre Act (FICA)
  • Transparent and fair treatment to all traders
  • Client funds are stored in segregated accounts

Cons

  • None

Regulation

Khwezi Trade is regulated by the South-African financial regulator, which is the Financial Sector Conduct Authority (FSCA) in South Africa, with an FSP license number 44816. This Forex broker will ensure its transparency by storing client funds in segregated accounts away from corporate funds, with a reputable local bank.

Khwezi Trade Fees

Khwezi Trade operates in a transparent manner without any hidden fees throughout your trading experience. You will find that this Forex trading broker has relatively non-existent non-trading fees and very low trading fees. However, you will be charged with a commission of 3ZAR for trading with CFDs and commodities.

This Khwezi Trade review will provide you with an overview of the trading fees and non-trading fees that you will be charged.

Khwezi Trade offers traders with relatively trading fees, but the spreads provided are all floating. You will also need to consider that you will be charged with a commission of 3ZAR for trading with CFDs and commodities.

Pros

  • No non-trading fees
  • Low trading fees
  • No deposit or withdrawal fee

Cons

  • Commission charged for trading with CFDs and commodities
  • Floating spreads

Non-Trading Fees

As for Khwezi Trade non-trading fees, there are no non-trading fees required. You will not be required to make a deposit or withdrawal fee. In addition, Khwezi Trade does not entail an inactivity fee, which is rare compared to other Forex trading brokers.

Leverage

For all four trading accounts, Khwezi Trade offers a maximum leverage level up to 1:200.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD

Khwezi Trade Fees Compared To Competitors
Khwezi Trade JP Markets  Hugosway
Account Fee No No No
Inactivity Fee No Yes No
Deposit Fee 0USD 0USD 0USD
Withdrawal Fee 0USD 0USD 0USD

Account Opening

Khwezi Trade provides traders with the option to choose from four different trading accounts, based on your trading experience. For novice traders, you should consider the Basic Account that will provide you with different Forex trading material. As for experienced traders, the Premier Account and the VIP Account are the ones for you.

This Khwezi Trade review will inform you on the different trading accounts available for you.

Pros

  • Scalping and hedging allowed
  • Expert Advisors (EAs) provided
  • Different types of trading account available
  • No commission charged except for CFDs and Commodities

Cons

  • High minimum deposit required
  • Limited account base currencies

Minimum Deposit

The minimum deposit required for the Basic Account is 2,000R, while the Standard Account requires a minimum deposit of 15,000R. As for the Premier Account, the minimum deposit required is 30,000R and the VIP Account requires a minimum deposit of 50,000R.

Accounts Types

  • Basic Account
  • Standard Account
  • Premier Account
  • VIP Account

Khwezi Trade Accounts

Khwezi Trade offers four different trading accounts that share many similarities. You will find that you can select from one of the following trading accounts: the Basic Account, the Standard Account, the Premier Account, and the VIP Account.

The similarities between all four trading accounts are that they share the same account base currency, ZAR and that they allow hedging and scalping. In addition, the lot size starts from 0.01 and the margin call is 100%.  You will find free tutorial videos, market analysis videos, and personal managers that come with your trading account.

However, you will find that the minimum deposit required is high and that this Forex trading broker provides floating spreads.

How To Open a Khwezi Trade Trading Account

Step One: Fill in the online registration form with your personal information and intended annual deposit.

Khwezi Trade Step -1

Fill in the online registration form with your personal information and intended annual deposit.

Khwezi Trade Step -1 (2)

Fill in the online registration form with your personal information and intended annual deposit.

Khwezi Trade Step -1 (3)

Fill in the online registration form with your personal information and intended annual deposit.

Step Two: Upload Proof of Identity (POI) and Proof of Residence (POR).   

Khwezi Trade Step -2

Upload Proof of Identity (POI) and Proof of Residence (POR).

Khwezi Trade Step -2 (2)

Upload Proof of Identity (POI) and Proof of Residence (POR).

Deposit & Withdrawal

Khwezi Trade offers traders with fast deposit and withdrawal processes and different payment methods. You will not have to concern yourself with any fees since there are no required deposit and withdrawal fees.

This Khwezi Trade review will inform you on the different payment methods for deposits and withdrawals.

Account Base Currencies

The only account base currency available with Khwezi Trade is the South African Rand (ZAR).

Deposits

With Khwezi Trade, deposits are free and you can choose from the following payment methods: electronic payment, debit\credit card, and bank transfer. Deposits with Khwezi Trade are fast and will be processed within one business day.

Pros

  • No deposit fees
  • Different payment methods
  • Fast deposit process

Cons

  • Limited account base currencies

Khwezi Trade Deposit Options

  • Credit\Debit Card
  • Electronic Wallet
  • Bank Transfers

Withdrawal

With Khwezi Trade withdrawals, it is a fast process that takes up to one business day. You will not have to worry about withdrawal fees, since it is not required. There are several withdrawal methods that you can choose from, such as electronic wallets, debit\credit card, and bank transfer.

Pros

  • Withdrawal fees are not required
  • Various withdrawal methods
  • Fast withdrawal process

Cons

  • Limited account base currencies available

Khwezi Trade Withdrawal Options

  • Credit\Debit Card
  • Electronic Wallet
  • Bank Transfers

Trading Platforms

There is only one trading platform available for traders on Khwezi Trade, which is MetaTrader4. The MT4 platform is the most popular trading platform among traders and is known for its easy-to-navigate structure. You can access the MT4 platform by web trading platform, desktop trading platform, and mobile application.

This Khwezi Trade review is going to demonstrate the features of all three types of platforms of MT4.

Web Trading Platform

With the MetaTrader4 web trading platform, you will have the option for 4 pending orders, which are:  Buy Stop, Sell Stop, Buy Limit, Sell Limit. These four pending orders are the most basic and most essential trading orders.

With Khwezi Trade MT4 web trading platform, you will not be able to use the two-step login process, since they do not have that option available. However, you will be allowed to analyze your trading history; this includes fee reports, past trades, and trading portfolios.

The Khwezi Trade MT4 web trading platform permits the option of being notified via email on any price movements that you are targeting. The email notifications give you instant notifications on any price movements you want to know about.

Pros

  • Allows hedging and scalping
  • Instant Order Execution
  • Customizable indicators
  • Available in several languages
  • Available for Windows and Mac
  • User-friendly format

Cons

  • No two-step login process

Desktop Trading Platform

With the MT4 desktop trading platform, there are 4 pending options, which are the most basic and also the most important pending orders you will find in any trading platform; these pending orders are: Buy Stop, Sell Stop, Buy Limit, Sell Limit.

Unfortunately, you cannot find a two-step login process, for additional security. It is up to you to rely on only the initial login process that protects your funds and personal information. However, despite that setback, the desktop trading platform allows scalping and hedging, as well as Expert Advisors (EAs).

The Khwezi Trade desktop trading platform is available to download on Mac and Windows, which means that you will receive notifications on your device. You can activate it via your MT4 account, to be notified of any price movements of your choosing.

Pros

  • Downloadable on Mac and Windows
  • Available in several languages
  • Customizable indicators and tools available
  • Instant Order Execution
  • Allows hedging and scalping
  • Price alerts and notifications
  • User-friendly and easy to navigate

Cons

  • No two-step login
  • Basic pending orders

Mobile Trading Platform

With the MetaTrader4 mobile trading platform, you will have the option for 4 pending orders, which are:  Buy Stop, Sell Stop, Buy Limit, Sell Limit.  This mobile application is best for traders who like trading on-the-go, not trading in a certain place.

With Khwezi Trade MT4 mobile application, you will not have the option of facial recognition or fingerprint recognition as a second login. You will only have the initial login process with your username and password. However, to make up for that, you can always view your performance history; this includes fee reports, past trades, and trading portfolios.

The Khwezi Trade MT4 mobile application platform allows you to be alerted through push notifications for any price movements. These push notifications set up on your mobile device allow you to be immediately notified when a price moves in the ideal position for you.

Pros

  • Allows hedging and scalping
  • Customizable indicators
  • Easy to navigate
  • Available for Android and iOS
  • Instant Order Execution
  • Available in several languages

Cons

  • No facial recognition
  • No fingerprint recognition

Markets & Financial Instruments

Khwezi Trade offers over 5 different financial markets and more than 60 currency pairs available. You will find the most quoted metals available and the most popular indices provided for you.

This Khwezi Trade review will list the different financial markets that you will be able to trade with.

Pros

  • Most popular indices available
  • Most quoted metals are provided
  • Different financial markets available
  • Wide range of different financial instruments
  • Over 60 different currency pairs provided

Cons

  • No cryptocurrency offered
What Khwezi Trade Offers
Forex Metals
Indices Commodities
Energy

Markets Research & Trading Tools

Khwezi Trade provides different trading tools that will help develop your trading strategies and inform you on the best trading decisions to take.

You will be able to identify the top 10 Market Positions with this Forex trading broker’s trading tool of Open Market Positions. In addition, you will have a dedicated account manager who will assist in all of your trading strategies and maintain your trading account.

Khwezi Trade Tools
Dedicated Account Manager Open Markets Position

Pros

  • Open market positions is a free trading tool
  • Dedicated account managers facilitate trading

Cons

  • Limited range of trading tools

Market Research

Khwezi Trade offers market research materials that will update a trader’s knowledge on different trading events. The market research materials provided are: Currency Forecasts with Multi-Timeframes, Economic News, and Flexi Analysis. Khwezi Trade provides different Forecasts on all major Rand-based financial markets with its expected market movement. On the other hand, you will find that the Economic News market research material will assist on keeping you up-to-date with the different economic events around the world.

Pros

  • Different time frames available for Forecast
  • Daily analysis to all clients for all trading accounts
  • Expected market movements from Forecast to develop trading strategies
  • News is updated daily

Cons

  • None

Customer Service

Khwezi Trade offers several different ways of communicating with the customer service, including: postal support, a contact forum, email, phone support, and live chat. This Forex trading broker will provide you with a reliable customer support team that will cater to your every need at a fast pace.

This Khwezi Trade review will list the different means of communication to reach the customer service team.

Pros

  • Different means of communication available
  • Fast responses from customer service team
  • Relevant answers
  • Available in several languages

Cons

  • Not available 24/7

Means Of Communication

    • Postal support
    • Contact Forum
    • Email support
    • Phone support
    • Live chat

Client Education

Khwezi Trade provides you with different video tutorials and blog posts on the website of this Forex trading broker. In addition, you can use a 14-day free trial for a Demo Account.

This Khwezi Trade review will demonstrate a step-by-step guide on how to open a Demo Account.

Pros

  • Demo account available
  • Extensive information in video tutorials
  • Variety of topics in blog posts

Cons

  • Blog is not updated regularly
  • Demo account is only available for 14 days

Client Education Resources

  • Educational articles
  • Video tutorials
  • Demo Account

How To Open a Demo Account

Step One: Fill in your personal information in the online registration form.

Khwezi Trade Demo Step -1

Fill in your personal information in the online registration form.

Step Two: Sign up successful!

Khwezi Trade Demo Step -2

Sign up successful!

Conclusion

Khwezi Trade is a South African-based Forex broker that is currently regulated by the Financial Sector Conduct Authority (FSCA). Khwezi Trade offers four different trading accounts that are based on the trader’s experience. Along with the regulation of the FSCA, this Forex broker stores client funds into segregated and personalized accounts.

Khwezi Trade provides free and fast withdrawals and deposits for all trading accounts available. You will find that there are four different trading accounts, based on your trading experience. Additionally, Khwezi Trade offers the option to try out the Demo Account as a simulation on this Forex broker.

Overall, Khwezi Trade is a regulated and registered CFD and Forex trading broker that will assist in providing you with the most suitable trading environment.

khwezi trade
R2,000
Min. Deposit
100%
Bonus
Regulated byFSCA
Leverage1:200
Customer Support24/5
Open Account

Khwezi Trade Overall Performance

  • Safety and Regulation 98% 98%
  • Deposit and Withdrawal 98% 98%
  • Market Research & Trading Tools 97% 97%
  • Broker Fees 98% 98%
  • Trading Platforms 97% 97%
  • Customer Service 99% 99%
  • Account Opening 98% 98%
  • Market & Financial Instruments 97% 97%
  • Client Education 99% 99%

Frequently Asked Questions

Is Khwezi Trade A Good Broker?

Khwezi Trade is a South African-based Forex broker that was founded in Cape Town, in 2013. This Forex broker aims to create the best online trading environment for its clients, with the lowest spreads and no commission required. In 2020, Khwezi Trade has been seen as the Best Broker South Africa of 2020 that was awarded by the Global Brands Magazine. Khwezi Trade provides free and fast withdrawals and deposits for all trading accounts available. You will find that there are four different trading accounts, based on your trading experience. Additionally, Khwezi Trade offers the option to try out the Demo Account as a simulation on this Forex broker.

Is Khwezi Trade Legit?

Khwezi Trade is a South African-based Forex broker that is currently regulated by the Financial Sector Conduct Authority (FSCA). Khwezi Trade offers four different trading accounts that are based on the trader’s experience. Along with the regulation of the FSCA, this Forex broker stores client funds into segregated and personalized accounts.

How Long Do Khwezi Trade Withdrawals Take?

Khwezi Trade withdrawals take up to 1 business day.

What Is The Minimum Deposit For Khwezi Trade?

The minimum deposit required for the Basic Account is 2,000R, while the Standard Account requires a minimum deposit of 15,000R. As for the Premier Account, the minimum deposit required is 30,000R and the VIP Account requires a minimum deposit of 50,000R.

Is Khwezi Trade Regulated?

Khwezi Trade is regulated by the South-African financial regulator, which is the Financial Sector Conduct Authority (FSCA) in South Africa, with an FSP license number 44816. This Forex broker will ensure its transparency by storing client funds in segregated accounts away from corporate funds, with a reputable local bank.

Is Khwezi Trade An ECN Broker?

Yes, Khwezi Trade is an ECN broker.

Is Khwezi Trade Safe?

Khwezi Trade is a South African-based Forex broker that is currently regulated by the Financial Sector Conduct Authority (FSCA). Khwezi Trade offers four different trading accounts that are based on the trader’s experience. Along with the regulation of the FSCA, this Forex broker stores client funds into segregated and personalized accounts.