8 Most Successful Forex Traders In South Africa ️ 2025*

For agc patrice motsepe example, for EUR/USD it is -0.38 for Long & 0.2 for Short positions. For example, there are extra withdrawals fees with some methods & there is also inactivity fees. HotForex, or HF Markets claims to be a 100% STP forex broker in South Africa. They were founded in 2010 & have been regulated by FSCA as HF MARKETS SA (PTY) LTD since 2016. There are multiple funding & withdrawal options for SA traders at FxPro, and there is no extra fees for funding or withdrawals. The important point is that FxPro accepts funding via EFT, bank transfers & also cards (these options are also available during withdrawals).

Utilize Robust Trading Platforms

As a high school student, Nelisiwe Masango wanted to become a neurosurgeon. So she started learning about entrepreneurial management and eventually stumbled across forex trading. South Africa has emerged as a significant player in the forex trading world, boasting some of the most successful traders globally. This article explores the top ten richest forex traders in South Africa, highlighting their journeys, strategies, and contributions to the financial markets. These individuals have not only achieved financial success but have also become inspirations for aspiring traders. The success story of George Van Der Riet is an absolute opposite of the africa gold capital investment patrice motsepe one we talked about above.

People & Culture

AvaTrade is a European broker that is also regulated with FSCA in South Africa. We recommend them to traders looking to trade forex & CFDs at fixed spread, with a locally regulated broker. Tickmill offers Rand base currency option (including USD, EUR & GBP), and you can select this during opening of your trading account with them. If your account is in different currency like USD, in that case, your funds are converted at the latest exchange rates depending on your account currency. This accolade comes following PrimeXBT’s recent expansion into South Africa and its acquisition of a license from the Financial Sector Conduct Authority (FSCA).

• For example, if you trade many lots of XAU/USD intraday on Standard Account, but your broker has very high spreads, you would lose out over a period.
• We have found their support to be good in comparison to other brokers, and they are available via live chat, email & whatsapp number.
• In terms of safety of funds, we consider FXTM to be quite safe since their are a multi regulated forex broker, including being locally regulated in South Africa.
• Today, he is one of the richest and most profitable forex traders in South Africa.
• It is not very common that someone as young as Ref Wayne masters Forex trading as well as he did.

South African billionaires list

The fact that Louis Tshakoane Junior began his first business as a youngster demonstrated that he is one of the brightest stars in South Africa at the time. He is now considered to be one of the https://www.easyequities.co.za/ wealthiest and most profitable forex traders in the country. Mandla Magagula is a successful forex trader and the founder of the Mzansi Forex Traders Academy. Magagula has built a significant following through his trading success and his commitment to educating others. Kgopotso Mmutlane, popularly known as DJ Coach Tsekeleke, is a successful forex trader and the founder of Forex Broker Killer Institution. He has gained a large following on social media for his trading insights and lifestyle.

Ref Wayne Net Worth

This globally recognized broker offers a versatile environment that supports various instruments, including forex pairs, metals, energies, and cryptocurrencies. Fast trade execution and a dedicated support team contribute to its rising popularity, helping traders adapt to quick market https://www.liberty.co.za/ shifts with relative ease. By learning from these successful individuals and utilizing the educational tools they provide, aspiring traders can enhance their trading skills and increase their chances of achieving financial success. In conclusion, Jabulani Ngcobo is the richest forex trader in South Africa, and his success in forex trading can be attributed to his determination, hard work, and understanding of the market. He has been able to turn his passion for trading into a successful career, and he has also been able to help others to achieve financial freedom through forex trading.