Sponsored Content

BUSINESS NEWS - Cent accounts allow beginner traders to access the Forex markets while risking a much lower sum of money, since all deposits to these accounts are denominated in cents.

That being said, advanced traders also prefer to make use of cent accounts when they wish to test out a new trading strategy in a risk-free environment. 

This article examines the best Forex brokers that offer cent accounts to South African traders.

Exness

Overview

Exness is a well-known provider of trading services with offices in the UK, SVG, and Cyprus, as well as other parts of the world, including South Africa.

Since its inception in 2008, Exness has been offering a full range of services and is widely regarded as one of the greatest international brokers. Additionally, Exness provides a micro account, as well as demo and Islamic accounts with competitive trading conditions.

Pros and Cons

Features

FXTM

Overview

Foreign exchange markets, minor currencies, exotics, commodities, cryptocurrencies and other asset classes are all available for trading on FXTM. MetaTrader and a cutting-edge custom trading app for Android and iOS mobile devices are among the available trading platforms.

Pros and Cons

Features

IFX Brokers

Overview

Financial Sector Conduct Authority (FSCA) regulation ensures that IFX Brokers can offer a wide range of trading options to clients in South Africa.

Trading with IFX Brokers ensures a transparent, fair, and secure trading environment for all traders, as well as support for a wide range of trading styles and strategies.

Pros and Cons

Features

HotForex

Overview

HotForex has established itself as a well-known brand in the forex trading sector, and as a multi-asset and well-regulated broker. HotForex is considered as one of the most dependable brokers for traders in South Africa.

 HotForex has some of the most favourable trading terms in the market, which are dispersed over a variety of different types of trading accounts.

Pros and Cons

Features

XM Group

Overview
Award-winning, and multi-asset online forex broker XM Group is regulated by a number of different market regulators and is a member of the FIBO Association.

Beginner traders, seasoned traders, and professional investors from all around the world, including South Africa, can take advantage of the complete trading services provided by XM Group.

Pros and Cons

Features

The brokers listed above have earned market credibility when it comes to cent account forex brokers. Considering them is a good start in this business.

'We bring you the latest Garden Route, Hessequa, Karoo news'