Hello Wootfi.com Visitors Today We Covered Khwezi Trade Review . Please Read Our All review to know more about Khwezitrade Broker.
About Khwezi Trade
Khwezi Trade is a subsidiary of Khwezi Financial Services. It is an authorized financial services provider with ref. no. FSP 44816. Khwezi Trade gives customers access to Forex and CFD trading on highly favorable conditions. Khwezi Trade team is dedicated to conducting the business with fidelity, professionalism, and fair attitude to every customer. The company acts in the traders’ best interests.
Khwezi Trade’s entry-level account accommodates beginner traders with a minimum deposit of 500 ZAR, spreads averaging at 1.4 pips on the EUR/USD, which is slightly wider than other brokers, but with no commissions. Its other three accounts offer very competitive spreads which will appeal to more experienced traders with higher minimum deposits. All accounts come with a personal account manager, which benefits both beginners just getting started and experienced traders looking for flexibility in their trading conditions.
Khwezi Trade at a glance
|Cost per stock trade||0$|
|Publicly Traded (Listed)||Yes|
|Customer Support||Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.|
|Official Website||Click Here To Visit|
How To Create Account At Khwezi Trade
Khwezi Trade offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
Deposit and withdrawal function of Khwezi Trade
Khwezi offers a limited number of funding methods compared to most other brokers, and while it charges no fees for deposits or withdrawals, withdrawals can only be processed by bank transfer into a South African bank.
A well-regulated broker, Khwezi Trade ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all withdrawals are returned to the deposit source.
Khwezi Trade does not charge any fees for deposits or withdrawals and even absorbs any third-party charges. Deposits can be made via bank transfer and credit or debit card, but unfortunately, this information is not published on its website. Withdrawals are processed daily, but only to South African bank accounts, and on the same day if a request is made before 3 pm.
Spreads & Commission
The average spread for EUR/GBP is 25 pips, EUR/USD is 10 pips, and GBP/USD is 16 pips. Commodities have a variable spread of 20-240 pips, with the highest being for natural gas. Indices are also variable at 60-1200 pips. Unfortunately, these spreads are noticeably higher than competitors. Live spreads can be found on the broker’s website.
The maximum leverage for live accounts is 1:400. However, for demo accounts, this drops to 1:100. These are reasonable rates but by no means the highest leverage levels available. If you plan on mimicking exact market conditions on your demo account, you may struggle as the maximum leverage levels don’t match.
Trading Tools & Platforms
MetaTrader 4 Trading Platform
Whether you’re a rookie or seasoned investor, the MT4 platform caters to multiple trading strategies on a simple interface. Users can access numerous charting tools and custom indicators to analyze price movements, such as Fibonacci Retracements and moving averages.
Other features include:
- Full trading history feed
- Single-threaded strategy tester
- Automated trading with Expert Advisors (EAs)
- Multiple time-frames (one minute to one month)
Easy to use and full of useful features, MetaTrader 5 is the world’s most popular trading platform. With MT5 you will have a wide selection of charting tools at your disposal, as well as the ability to completely customise the platform to meet your personal specifications. With a built-in programming language, you can even add additional functionality to the platform including trading strategies, scripts and indicators.
An intuitive and user-friendly interface, with a wealth of technical analysis tools. Trade your MT5 accounts on the go, with apps for your smart phone, tablet or Pocket PC.
High Grade Features Which Offer By Khwezi Trade
The mobile app version of MT4 is available, suitable for iOS and Android devices. The app provides easy access to features with a mobile-friendly interface. Custom tools are supported, as well as full pricing feeds and investing history. You can also set push notifications and access a free chat service for support on the go.
Khwezi Trade Payment Methods
Deposit options include mobile and online banking platforms. Once registered, clients can view Khwezi Financial Services account details and make a deposit using their account number as a reference. Alternatively, credit and debit cards can be used to deposit via the client portal ‘Deposit’ area.
Bonuses & Promotions
Khwezi Trade offers a 60% welcome bonus on deposits made after the 5th of April 2022. This promotion is subject to the broker’s terms and conditions.
An R500 credit bonus has also been offered in the past, so investors should check the broker’s website for any future deals.
Regulation & Licensing
Khwezi Financial Services Limited is regulated locally by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP license number 44816. However, this is only local regulation, meaning traders may feel more comfortable opting for a broker that operates under one of the more international regulatory frameworks.
There are several ways you can contact Khwezi, including a live chat service and an online inquiry form. You can also reach the broker via telephone or email:
- Email– [email protected]
- 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
SSL-protected personal area
Khwezi Trade uses highly secure technology to protect its clients’ data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, making browsing safe and data inaccessible to any third parties.
Pros & Cons Of Khwezi Trade
|Automated trading with Expert Advisors||You can trade only on US markets|
|Single-threaded strategy tester||Accounts mostly limited to US residents|
|No account minimum||No credit/debit cards and electronic wallets for money transfer|
|Large investment selection.|||
Khwezi Trade Review Conclusion
Khwezi Trade ranks highly in every category that we measured. They are undoubtedly one of the best brokers in the industry, and they only briefly touched on certain categories in this article. There is much more that could be said about the positives of Khwezi Trade, and not that much to be said about the negatives. We hope You Like Khwezi Trade Review
What is a forex broker?
A forex broker is a financial services company that provides traders with a platform to trade foreign currencies and other financial instruments.
How do I choose a forex broker?
When choosing a forex broker, you should consider factors such as regulation, trading platform, fees and commissions, trading instruments, customer support, and educational resources.
What is the difference between fixed and variable spreads?
Fixed spreads remain constant, regardless of market conditions, while variable spreads fluctuate depending on market volatility.
What is leverage?
Leverage is a financial tool that allows traders to control a large position with a relatively small investment. For example, a leverage of 1:100 means that a trader can control a position of $100,000 with an investment of $1,000.
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