9 Best brokers for swing trading in Africa

Here is the list of the Best brokers for swing trading in Africa. Swing trading is the greatest technique for you if you’re searching for short-term gains on a financial asset over a few days to several weeks. Swing traders’ major technique for identifying trading opportunities is technical analysis.

Swing traders can apply fundamental analysis in addition to chart patterns and price trends.

In this post, we examine the best brokers that provide ideal trading conditions for successful swing trading methods.

Best brokers for swing trading in Africa

1. Khwezi Trade

Khwezi Trade’s accounts are stored in a segregated account in South African Rand (ZAR). All four actual accounts have cheaper minimum deposits and trading fees, and each account has a dedicated personal account manager.

In order to reduce risk, the broker has set the leverage limit at 1:400. Deposits and withdrawals are free, and trading is available on the MT4 platform. With a focused and experienced staff of South African account managers, Khwezi Trade’s customer care is second to none.

Pros and Cons of Khwezi Trade

Features of Khwezi Trade

2. FXTM

FXTM, or ForexTime, has been an international broker for over a decade. The platform currently has more over 3 million customers, making it the world’s fastest growing FX broker.

FXTM offers 59 different currency pairings, as well as contracts for difference (CFDs) on commodities and indices, and CFDs on stocks, to investors of all skill levels.

You can trade on your phone, tablet, or laptop if you have an FXTM account. Orders are executed swiftly, the regulation is reliable, and FXTM provides outstanding customer service.

Pros and Cons of FXTM

Features of FXTM

3. AvaTrade

AvaTrade’s global network of platforms offers Forex and Contracts-for-Difference (CFD) trading in stocks, bonds, indices, ETFs, commodities, and cryptocurrencies.

AvaTrade customers have access to a variety of customizable trading platforms. Traders can choose between using the AvaTradeGo interface or the industry-standard MetaTrader4 (MT4) platform for manual trading.

On both platforms, mobile trading is possible. Traders can also use ZuluTrade, a fully automated trading platform that can be integrated into MT4, downloaded as an app, or traded online.

Pros and Cons of AvaTrade

Features of AvaTrade

4. FxPro

FxPro, a multi-award-winning brokerage firm based in London, was launched in 2006. The company is mainly owned by FxPro Group Limited.

It specializes in online trading and offers CFDs on equities, spot indices, foreign exchange futures, spot energy, and metals, among other asset classes.

FxPro offers a large selection of market products and popular trading platforms, as well as narrow spreads and high leverage.

FxPro UK Limited complies with all regulations in terms of customer protection and jurisdiction.

FxPro appears to be a reputable and open business. Both newbie and expert traders should expect a positive trading experience with this broker.

pros and cons of FxPro

Features of FxPro

5. FBS

The ECN model’s split-second execution may make trading in popular products like Forex, Crypto, and Metals more transparent with FBS.

Account types, platforms, advanced tools, and customer service that is easy to reach are all examples of this. There is no doubt in the market that FBS is a model ECN Broker, with average trading fees.

FBS’s technology investments, when combined with the company’s superb execution and unsurpassed customer service, make trading a breeze and a pleasure.

On the site, you will find a variety of educational materials and exercises to help you improve your trading abilities and grasp the value of information in markets.

Pros and cons of FBS

Features of FBS

6. FP Markets

FP Markets, a STP/ECN broker, provides traders with two basic account types and a diverse set of services.

Trading prices are in line with the industry norm, and both MT4 and MT5 are supported. As a result, FP Markets accepts all trading methods and offers outstanding educational and market research tools to traders of all skill levels.

FP Markets offers CFD trading on a variety of financial assets, including forex, stocks, commodities, cryptocurrencies, and indices.

As previously stated, FP Markets offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the world’s most popular trading platforms. FP Markets offers desktop and browser-based versions, as well as mobile and tablet versions of both platforms.

PROS AND CONS OF FP Markets

Features of FP Markets

7. IC Markets

IC Markets is an Australian-based start-up that promises to bridge the gap between retail and institutional consumers. It was founded in 2007 by a group of financial professionals.

You’ll find it here if you’re seeking for a transparent experience backed by some of the best execution technology and cheap spreads available on the market.

At IC Markets, an ECN broker, there is no dealing desk or other forms of intervention between the trader and the market. The ECN trading environment at IC Markets allows traders to take advantage of reduced spreads.

pros and cons of IC Markets

Features of IC Markets

8. Pepperstone

Pepperstone was formed in Australia in 2010 and has grown enormously since then. The vast range of trading alternatives offered to its more than 57,000 customers in 65 countries across the world can benefit traders of all levels of experience.

There are over 150 assets to trade, and three primary trading platforms to pick from. CFD and FX traders benefit from low fees, great customer support, and a large range of third-party platforms, including several options for social copy trading.

Pepperstone is a popular alternative for automatic traders and swing traders because of its low spreads and quick execution rates.

pros and cons of Pepperstone

Features of Pepperstone

9. HotForex

HotForex is a fantastic choice for traders because it has a global presence, a feature-rich website, and a large range of trading tools. The principles of Forex and CFD trading are described in a very clear and easy-to-understand manner.

Because of the vast selection of trading possibilities and quick payment options, it’s easy to suggest HotForex.

HotForex provides liquidity to its clients directly as a market maker. Spreads widen in response to news events or periods of low liquidity, providing clients with market prices that are often more stable than the underlying price feeds.

pros and cons of HotForex

Features of HotForex

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