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Khwezi Trade

South Africa|5-10 years|
Regulated in South Africa|Financial Service Corporate|MT4/5 White Label|Suspicious Overrun|Medium potential risk|

https://www.khwezitrade.co.za/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

KhweziFinancial-Demo

United Kingdom
MT4
2

Influence

C

Influence index NO.1

South Africa 4.63

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
KhweziFinancial-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

South Africa 4.63

Surpassed 62.84% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+27 (0) 21 300 3117
info@khwezifs.co.za
https://www.khwezitrade.co.za/
1020 Manhattan Place, 130 Bree Street Cape Town, 8001

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+27 (0) 21 300 3117

English

+27 (0) 10 312 5194

Broker Information

More

Company Name

Khwezi Financial Services

Company Abbreviation

Khwezi Trade

Platform registered country and region

South Africa

Company website
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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 44816)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

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Khwezi Trade · Company Summary

Company Summary

Company profile

General Information & Regulation

Khwezi Trade is an online forex broker based in South Africa, established in 2013 with offices in Cape Town and Johannesburg. Khwezi Trade is a division of Khwezi Financial Services, an authorized financial services provider, FSP 44816.

Market Instruments

Khwezi Trade offers investors access to over 60 pairs of Forex CFDs, 14 indices (including Dow Jones and Nasdaq), and a range of commodities, including Gold, Silver, and Crude oil.

Minimum Deposit

Khwezi Trade offers investors four different types of accounts: Basic (minimum deposit of R2,000/ $120), Standard (minimum deposit of R15,000), Premium (minimum deposit of R30,000), and VIP (minimum deposit of R50,000). All four accounts have maximum trading leverage up to 1:200.

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Khwezi Trade Leverage

When it comes to trading leverage, the maximum leverage available for forex trading is up to 200:1. Though many other brokers could offer higher leverage level, inexperienced traders are not advised to use high leverage in case of high risks.

Spreads & Commissions

Seen from spreads listed on the Khwezi Trade MT4 trading platform, the spreads offered by this broker is pretty wide. The average spread is 10 pips for EURUSD, 25 pips for EURGBP, 19 pips for AUDUSD, 30 pips for Gold, 45 pips for Silver, and 20 pips for Brent Crude Oil.

Trading Platform

Khwezi Trade offers traders the market-leading and highly acclaimed MT4 trading platform. Whether you are a novice trader or an experienced trader, MT4 can accommodate a wide range of trading strategies through a simple and intuitive interface. Traders have access to a wide range of charting tools to analyze price dynamics. Other features in Khwezi Trade MT4 include a full history of trading, single-threaded strategy testing, EA automated trading, multiple timeframes.

Deposit & Withdrawal

The funding options part is not fully disclosed on the Khwezi Trade website, which is quite weird. Most brokers, unregulated or regulated ones, would provides some payment methods for traders to funds their investment accounts, like credit or debit card, popular e-wallets including Neteller or Skrill. However, no related information is displayed by this broker.

Summary

Khwezi Trade Disadvantages Include:

1. Many negative reviews

2. Opaque fees & high spreads

3. Lack of educational resources

4. No related information about payments methods

News

Khwezi Trade Provides A Market Analysis for 2022

NewsKhwezi Trade Provides A Market Analysis for 2022

2022-08-17 17:40

In 2022, what can we expect from the forex market?

WikiFX
2022-08-17 17:40
News
Khwezi Trade Provides A Market Analysis for 2022
THE FOREX TRADING PSYCHOLOGY

NewsTHE FOREX TRADING PSYCHOLOGY

2022-04-27 16:30

The financial industry is brimming with prospects for everyone interested in making money. Many traders give in to the urge and jump into the water with their heads down, making reckless deals that aren't backed by analysis or even plain sense. As a result, financial losses are massive, and disgruntled traders are increasing in number. And it was only necessary to take a more responsible approach to this issue, and perhaps there would be no loss at all, and Forex would become an ideal platform for making a significant profit.

WikiFX
2022-04-27 16:30
News
THE FOREX TRADING PSYCHOLOGY
Segregated accounts and forex bonuses – Khwezi Trade has it all

NewsSegregated accounts and forex bonuses – Khwezi Trade has it all

2022-03-17 15:57

Segregated accounts and forex bonuses are designed to safeguard the financial interests of traders while allowing them to reap more. How is Khwezi Trade making this possible?

WikiFX
2022-03-17 15:57
News
Segregated accounts and forex bonuses – Khwezi Trade has it all

User Reviews

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4

Comments

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随风无为
more than one year
Khwezi Trade seems to offer mainly in South Africa which is too far away for me to trade here. And it doesn't have any solid regulatory licenses.
2023-02-21 13:54
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0
0
ABCD40692
more than one year
Trading on this platform is too expensive, the minimum deposit is more than two thousand dollars, and the spread is actually 10 points. I know the company needs to make money, but it doesn't have to be so greedy.
2022-11-27 14:31
Reply
0
0
FX1043926520
more than one year
The average spread is 10 pips for EUR/USD, which is the widest spread I have seen in my forex trading career so far. I could never choose such a broker to trade with.
2022-11-24 18:50
Reply
0
0
BUDDY
more than one year
What this platform offering looks quite attractive, low minimum deposit, competitive spreads, mt5 trading platform… however, the most important thing is that it is not validly regulated, which means the money you put down here can disappear … My advice is that you can totally find a strictly regulated one. I’ve traded with various brokers and platforms for more than 10 years, and this is my fair warning here.
2022-11-24 15:10
Reply
0
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