Overview Of Khwezi Trade
Khwezi Trade Is A Brokerage Company Based In South Africa That Has Been Operating Since 2013. The Company Mainly Provides Trading Services In The Foreign Exchange Market As Well As Other Financial Instruments. Khwezi Trade Offers Traders The Opportunity To Trade A Range Of Assets, Including Foreign Exchange Currency Pairs, Precious Metals, Stock Indices And Commodities, All Of Which Can Be Traded On The MetaTrader 5 (MT5) Platform.
A Distinguishing Feature Of Khwezi Trade Is Its Flexibility To Cater To Traders With Different Preferences. It Offers Two Main Account Types: ZAR One, Denominated In South African Rand (ZAR), And USD One, Denominated In US Dollars (USD). These Accounts Are Suitable For Traders Of Different Experience Levels And Capital Sizes. The ZAR One Account Allows For Smaller Trading Volumes And Lower Minimum Deposits, While The USD One Account Offers The Convenience Of Trading In Widely Accepted Offshore Currencies.
However, It Is Worth Noting That Khwezi Trade Lacks Regulatory Oversight From The South African Financial Sector Conduct Authority, Which Raises Concerns About The Safety Of Traders' Funds And The Overall Safety Of The Trading Environment. Traders Considering Using Khwezi Trade Should Exercise Caution And Conduct Thorough Due Diligence Before Conducting Trading Activities With A Broker.
Is Khwezi Trade Legal?
Khwezi Trade Is Not Regulated By The South African Financial Sector Conduct Authority With Respect To Its Trading Activities And Is Only Registered With The Agency. The Broker's License Number 44816 Does Not Comply With The Regulations Provided By The FSCA. Traders And Investors Should Exercise Caution When Considering Khwezi Trade As A Brokerage Option, As The Lack Of Proper Regulation Could Pose Significant Risks In The Financial Industry.
Pros And Cons
Khwezi Trade Offers A Range Of Advantages, Including A Diverse Selection Of Trading Instruments With Access To Forex, Precious Metals, Indices And Commodities, As Well As Favorable Spreads And The User-friendly MetaTrader 5 Platform. Traders Can Also Upgrade Their Skills With Free Forex Education Courses. However, It Is Important To Note That The Lack Of Regulation Can Pose Risks, As Well As Limited Account Types, Customer Support Channels, And Deposit And Withdrawal Options. In Addition, Khwezi Trade Does Not Offer Bonus Incentives To Its Clients.
Trading Tools
Khwezi Trade Offers Traders Access To Trade A Wide Range Of Trading Instruments On The Global Market, All Of Which Can Be Traded In South African Rand (ZAR) On The Same MT5 Platform. These Tools Include:
1. Currency Contracts For Difference (Forex): The Forex Market Is The Largest And Most Liquid Financial Marekt In The World, Where Currencies Are Bought And Sold. Khwezi Trade Allows Traders To Participate In Forex Trading, Enabling Them To Profit From The Rise And Fall In Currency Prices. The Forex Market Operates 24 Hours A Week, Five Days A Week, Providing Traders With The Flexibility To Adapt To Their Trading Schedule.
2. Precious Metals: Gold And Silver Are Considered Safe Haven Assets, Especially In Times Of Economic Uncertainty And Inflation. Khwezi Trade Offers The Opportunity To Trade These Precious Metals, Enabling Traders To Diversify Their Portfolio And Seek Protection From Market Volatility.
3. Indices: Khwezi Trade Offers A Diverse Range Of Stock Indices, Allowing Traders To Express Their Views On Various Global Markets, Including The United States, Europe, Asia, And Australia. Traders Can Speculate On The Performance Of These Indices, Such As DOWUSD, NASUSD, SPXUSD, 100GBP And 200AUD, With Specific Trading Time Periods.
4. Commodities: Khwezi Trade Offers A Range Of Commodity Instruments Denominated In The South African Rand On The MT5 Platform. Traders Can Trade Energy Commodities, Including Brent Crude Oil, West Texas Intermediate (WTI) And OILUSD, Providing Opportunities To Trade These Important Resources.
Account Types
Khwezi Trade Offers Live Trading Accounts Designed To Meet The Needs Of A Wide Range Of Traders, From Beginners To Seasoned Professionals. These Accounts Can Be Tailored To Different Trading Styles Including Hedging, Scalping, Day Trading And The Use Of Expert Advisors (EAs).
1. ZAR One (South African Rand): This Account Type Is Ideal For Beginner Traders Who May Prefer A Lower Minimum Deposit And The Ability To Trade Micro Lots. This Account Type Usually Offers Slightly Looser Spreads Compared To A Higher Minimum Deposit. Khwezi Trade Requires A Minimum Deposit Of 500 South African Rand (ZAR) On This Account, Allowing Beginners To Start Trading With A Smaller Volume, Usually Measured In Micro Lots. The Maximum Leverage Offered Is 400 And The Trading Platform Available Is MetaTrader 5 (MT5). Importantly, There Are No Commissions On This Account.
2. US Dollar One (USD): The US Dollar One Account Is An Option For Traders Looking To Trade In Widely Accepted Offshore Currencies And Keep Their Funds Safely In A Locally Segregated Bank Account. Khwezi Trade Allows Currency Conversion At The Daily Bank Rate, Allowing Traders To Deposit In South African Rand (ZAR) And Receive Funds In US Dollars (USD). The Minimum Deposit Requirement For This Account Is $50, With Spreads Starting At 0.4 Pips. Similar To The Rand One Account, The Maximum Leverage Can Reach 400, And The Trading Platform Offered Is MT5. Importantly, There Are No Commissions On This Account.
Leverage
Khwezi Trade Offers Leverage Ratios Of Up To 400:1 On Its Trading Platform. Leverage Is A Key Factor In Forex And CFD Trading, And It Allows Traders To Control Larger Market Positions With Relatively Little Capital. While Higher Leverage Can Amplify Potential Profits, It Also Amplifies Potential Losses, Making It A Double-edged Sword In Trading.
With A Maximum Leverage Ratio Of 400:1, Khwezi Trade Offers Traders The Opportunity To Control Important Positions With A Relatively Small Initial Investment. This Is Advantageous For Traders Looking To Maximize Their Trading Potential. However, Leverage Must Be Used With Caution As It Increases The Risk Of Large Losses If The Trade Is Unfavorable To The Trader.
Khwezi Trade's 400:1 Leverage Option Is Suitable For Experienced Traders Who Are Well Versed In Risk Management And Have A Clear Understanding Of How To Use Leverage Effectively. It Is Important For Traders To Assess Their Own Risk Tolerance And Excessive Losses Can Only Be Avoided By Using Leverage That Is Consistent With Their Trading Strategy And Risk Management Plan.
Spreads And Commissions
Khwezi Trade Does Not Take Commissions On Its Trades, Providing A Simple Fee Structure To Its Clients. Spreads Refer To The Difference Between The Buy (sell) Prices Of A Trading Instrument And Can Have A Significant Impact On A Trader's Overall Trading Fees. Khwezi Trade Aims To Maintain These Spreads With A Starting Spread Of A Minimum Of 0.4 Pips.
For ZAR One And USD Oneaccounts, Traders Can Earn Spreads Designed To Minimize Trading Fees. This May Help Traders Using A Variety Of Trading Strategies, Including Scalping And Day Trading, Where Narrow Spreads Are Essential To Reduce Losses.
By Not Charging Trading Commissions, Khwezi Trade Enables Traders To Focus On Their Trading Strategy Without The Additional Burden Of Commission Fees. This Fee Structure May Be Of Interest To Traders Looking For Clear And Concise Pricing That Simplifies The Assessment Of Potential Trading Fees.
Deposits And Withdrawals
Deposits Can Be Made Via Direct Bank Transfer Or Online Banking Platform. Upon Registration, Traders Will Receive Bank Details From Khwezi Financial Services And Use Their Trading Account Number As A Beneficiary Reference When Making A Deposit. Proof Of Payment Should Be Sent To Admin@khwezifs.co.za. In Addition, Traders Can Also Choose Instant EFT Or Credit/debit Card Payments By Logging Into The MyKhwezi Portal And Selecting The "Deposit" Option. Once Approved, Funds Will Be Allocated To The Trader's MT5 Account, Resulting In Quick Access To Trading Capital.
Withdrawals From Khwezi Trade Are Convenient And Fast And Can Be Initiated Directly From The MyKhwezi Portal. Withdrawals Are Processed Daily With A Cut-off Time Of 15:00. Withdrawal Requests Received After 15:00 Will Be Processed The Following Day. To Ensure Security, The First Withdrawal Requires The Trader To Provide ID And A Copy Of A Bank Statement Within The Last Three Months Showing Their Name. Typically, Funds Will Be Reflected In The Trader's Bank Account Within 1-3 Business Days Of The Withdrawal Request.
Khwezi Trade Prides Itself On Offering Free Deposits And Withdrawals, Enabling Traders To Manage Their Accounts In A Cost-effective Manner. The Minimum Deposit Amount Is 500 ZAR, Making It Convenient For Traders Of Different Fund Sizes. These Deposit And Withdrawal Options Are Designed To Simplify The Financial Aspects Of Trading For Khwezi Trade Clients And Enhance Their Overall Trading Experience.
Trading Platform
Khwezi Trade Relies On MetaTrader 5 (MT5), One Of The Most Popular And User-friendly Trading Platforms In The World. MT5 Offers Traders A Comprehensive Set Of Features And Tools That Are Easy To Use And Suitable For A Variety Of Trading Styles. Some Of The Notable Features Of The MT5 Platform Include:
1. Charting Tools: MT5 Offers A Wealth Of Charting Tools And Indicators That Enable Traders To Perform In-depth Technical Analysis And Make Informed Trading Decisions. These Tools Are Able To Help Users Effectively Analyze Market Trends, Patterns And Price Movements.
2. Customization: Traders Can Customize The MT5 Platform According To Their Personal Preferences. Whether It Is To Adjust The Layout, Set Up A Watchlist Or Choose A Color Scheme, MT5 Offers Highly Personalized Features To Meet The Individual Trading Needs.
3. Built-in Programming Language: MT5 Comes With A Built-in Programming Language Called MQL5 That Enables Traders To Create Custom Trading Strategies, Scripts And Indicators. This Feature Allows The Development Of Automated Trading Systems And The Implementation Of Specific Trading Rules.
4. Mobile Trading: The Platform Offers Mobile Trading Options With Dedicated Applications For Smartphones, Tablets And PDAs. This Flexibility Ensures That Traders Can Manage Their Accounts, Execute Trades And Stay Up To Date With Market Dynamics While On The Move.
Customer Support
Khwezi Trade Offers Comprehensive Customer Support To Assist Its Clients, With Physical Offices In Cape Town And Johannesburg, South Africa. Below Are Contact Details For Both Locations:
Cape Town Branch:
- Address: 1020 Manhattan Plaza, 130 Brie Street, Cape Town, 8001.
- Telephone: + 27 (0) 21 300 3117.
- Email: Info@khwezifs.co.za.
Johannesburg Office:
- Address: Sandton, 5th Street, Atrium On 5th, 9th Floor, Office 9012, 2196.
- Telephone: + 27 (0) 10 312 5194.
- Email: Info@khwezifs.co.za.
