Visit FxPro
Khwezi Trade in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%100
- Safety20%90
- Payouts15%40
- Track record10%65
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Khwezi TradeThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Khwezi Trade (Pty) Ltd, Cape Town
- Local standing
- FSCA-regulated domestic (forex/CFD broker)
- Licence as the register states it
- FSCA authorised FSP No. 44816; Over-the-Counter Derivatives Provider (ODP)
- Leverage for this entity
- Leveraged CFDs/forex up to 400:1
- The firm behind it
- SA-owned forex/CFD broker founded 2013, headquartered in Cape Town; FSCA-regulated ODP with segregated client funds at Standard Bank
- What we hold against it
- not verified at review
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (forex/CFD broker)
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Four live account types (basic account min deposit R500 ZAR), demo. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Khwezi Trade sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 4 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 50 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:400 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| EFT | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
EFT / bank transfer;
- EFTlocal
- Bank transfer
- Account currency
- ZAR
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MetaTrader 5 (MT5)
| Class | Count | Min spread |
|---|---|---|
| MetaTrader 5 (MT5) | — | 0.6 |
| Forex pairs | 39 | — |
| Indices | 11 | — |
| Commodities | 7 | — |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Identical for every row: Leverage 400 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4 | 5, 1 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(3 for and 2 against, each tied to a figure on this page)
- Round turn 4 USD on the raw + commission basis, under the South Africa median 7
- Locally authorised, licence 44816, read on 11.07.2026
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- Withdrawal in 72 h, over the South Africa median 24
- Platforms 25 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 4ZA
- Min deposit, USD
- 50ZA
- Leverage
- 1000ZA
- Rank in this country
- #13
- Round turn, USD
- 3ZA
- Min deposit, USD
- 10 groupZA
- Leverage
- 3000ZA
- Rank in this country
- #15
- Round turn, USD
- 6ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 500 group
- Rank in this country
- #4
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | Khwezi Trade |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 65 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does Khwezi Trade accept residents of South Africa?
- Yes. FSCA-regulated domestic (forex/CFD broker) Onboarding entity: Khwezi Trade (Pty) Ltd, Cape Town
- Is Khwezi Trade licensed to serve clients in South Africa?
- FSCA authorised FSP No. 44816; Over-the-Counter Derivatives Provider (ODP) Checked on 11.07.2026.
- How much does one round turn cost at Khwezi Trade?
- About 4.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Khwezi Trade offer to retail clients in South Africa?
- Up to 1:400. Leveraged CFDs/forex up to 400:1
- Which trading platforms does Khwezi Trade support?
- MetaTrader 5 (MT5). Instruments: Multi-asset CFDs: currency pairs (forex), indices, commodities, metals, energies
- How can I withdraw money from Khwezi Trade in South Africa?
- EFT / bank transfer; client funds held in segregated Standard Bank accounts in client's name
- What account types does Khwezi Trade offer?
- Four live account types (basic account min deposit R500 ZAR); demo
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://khwezitrade.co.za/
Not tax advice. Check with SARS.