South Africa’s first regulated broker-matcher

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In this article

Top broker matches for traders in South Africa

xm logo square transparent: xm.com
XM
4.4

/ 5

1500
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading leveraged products involves significant risk and can lead to the loss of your invested capital. Only trade if you understand the risks.
deriv logo square transparent: deriv.com
Deriv
3.9

/ 5

1370
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs and options involves high risk and you can lose your capital. Leverage can amplify losses. Only trade if you understand the risks.
exness logo square transparent: exness.com
Exness
4.4

/ 5

1500
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs is high risk. You can lose money rapidly due to leverage. Only trade if you understand the risks and can afford losses.
trade nation logo square transparent: tradenation.com
Trade Nation
4.3

/ 5

1370
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs is high risk. Leverage can magnify losses, and you may lose your deposit. Only trade with money you can afford to lose.

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JustForex is a reputable broker that welcomes its clients to the exciting trading world by providing a no welcome deposit bonus. JustForex bonus is given to newly registered clients who are willing to trade in the FX market risk-free.

To all of its customers, the company is offering a $30 welcome bonus, along with other referral bonuses. As a leader in the Forex industry, JustForex also provides clients with various attractive incentives to help them make money.

$30 welcome bonus with JustForex

Users with a special account type called “welcome” can qualify for the welcome bonus. Existing accounts are not eligible to claim the welcome bonus.

For example, a client can open one welcome account and receive the welcome bonus of $30 once.

It is forbidden to open multiple bonus accounts (including accounts for family and friends). The company will be permanently blocked if it reasonably suspects multiple signing up managed by the same person or the group coordinating their actions.

In addition, the company has the authority to withhold all funds from these welcome accounts.

Trading in the back office and opening a Welcome account are both required to get the Welcome bonus. Upon receiving the bonus, the account of the client will automatically receive the funds. It is important to know that the traders’ telephone number is required to open a welcome account.

Other things to know that are applied are as follow:

  • Metals and currency pairs as trading instruments.
  • Currency must be UD dollars
  • Per one position, the maximum order volume is 0.01 lot.
  • A maximum of five positions can be open at a time (including orders pending).
  • The use of robots (expert advisors) is prohibited.
  • Swap-free accounts are available for Muslims only.

Trading with welcome bonus

To transfer a clients’ profit, they must trade at least five lots within 30 days. Upon earning profit through the welcome account, you must withdraw it within 30 days. The bonus expires after 30 days.

Traders’ profits or losses must not be less than 6 points or 60 pips to be considered in trading volume. In the welcome account, no commission is credited to partners.

It is also not possible to deposit or make internal transfers into the welcome account.

The welcome bonus period is 30 days after the moment of registration in which you can open an account. Within 30 days of opening the Welcome account, it can be traded.

A month after the trading has ended, traders will no longer trade, but they still transfer their profit to the welcome account.

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Withdrawal conditions

Clients need to deposit at least $100(or an equivalent amount in other currencies) into the real account to transfer profits internally. You can make your deposit in one lump sum payment or parts (for example, $50+$20+$30). However, it should be noted that the deposit must be made once the bonus trading terms are met.

It is possible to withdraw $30 of profit. All bonus conditions must be met for the profit to be transferred. Upon depositing $100 or equivalent into the real account, the welcome account balance is transferred to that account.

To generate profits from their welcome account, clients can request only one transfer from their live trading account to their welcome account.

During the working hours of the Finance department, profit transfers will be processed within 2 hours. However, processes can take up to 24 hours to complete.

After transferring the profits, the welcome count will automatically get disabled, and the traders are then no longer allowed to trade from their welcome accounts. As a result, your account balance will be reduced to zero, and the bonus will be set to 0.

JustForex referral bonus

A referral bonus allows the traders to increase their earnings if they have a registered trading account. Therefore, to help their clients earn extra income, Just forex offers an affiliate program as a referral bonus for its traders.

The following are the benefits of revenue sharing affiliate programs:

  • More than 65% earning.
  • The withdrawal process becomes easy.
  • It offers an exclusive loyalty program.
  • It allows you to manage your affiliates personally.
  • Rebates are available automatically.
  • A multi-level program.
  • Revenue share over a lifetime.

Whereas, CPA affiliate program offers the following benefits:

  • It provides earnings of approximately $1500.
  • It offers you to manage your affiliates with an affiliate manager.
  • The conversion rates are high.
  • There is transparency in reporting statistics.
  • Traders have access to advanced marketing tools.
  • The payments are made quickly.
  • It has an effective CPA.

JustForex rewards, promotions, and additional bonuses

In addition to its broker bonus, JustForex offers an equally exciting deposit bonus. Also, brokers from this company offer a deposit bonus of 120%, among the best bonuses in the trading market. There are four categories of bonuses available at JustForex according to the size of bonus which is following:

  • You will receive a 50% bonus if you deposit up to $100.
  • You will receive a 100% bonus on a deposit of up to $100.
  • You will receive a bonus of 120% on a deposit of up to $150.

Is the JustForex bonus beneficial for clients?

The JustForex broker has often offered welcome bonuses to clients as part of the general promotions package and likely will continue to do so in the future. In addition, brokers often use these bonuses to attract new clients into opening a real account.

There is often a minimum amount that trades must deposit to claim bonuses. Moreover, such bonuses serve as trading credits that can be used to produce trades, and the amount is not withdrawn. Profits made by trading with the trading credit or bonus, however, can be withdrawn.

Before using such bonuses, traders are encouraged to ensure that they understand the terms and conditions. Furthermore, a trader should be aware that the demo accounts cannot avail of these promotional and welcome bonuses.

JustForex pros and cons

Pros

  • It offers various promotions.
  • 0 fees on deposit and withdrawals

Cons

  • There is a need to open a welcome account to gain a bonus.
  • After 30 days, the welcome bonus will expire.

Bottom line

With JustForex, you can find a wide range of attractive promotions, including a very appealing welcome bonus of $30 and a referral bonus of $50. However, the demo account does not qualify for these bonuses and promotions. Also, you have to open a welcome account to receive the welcome bonus.

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Share this article

Top broker matches for traders in South Africa

xm logo square transparent: xm.com
XM
4.4

/ 5

1500
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading leveraged products involves significant risk and can lead to the loss of your invested capital. Only trade if you understand the risks.
deriv logo square transparent: deriv.com
Deriv
3.9

/ 5

1370
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs and options involves high risk and you can lose your capital. Leverage can amplify losses. Only trade if you understand the risks.
exness logo square transparent: exness.com
Exness
4.4

/ 5

1500
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs is high risk. You can lose money rapidly due to leverage. Only trade if you understand the risks and can afford losses.
trade nation logo square transparent: tradenation.com
Trade Nation
4.3

/ 5

1370
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs is high risk. Leverage can magnify losses, and you may lose your deposit. Only trade with money you can afford to lose.

TradeFX helps traders learn, compare brokers, and make informed decisions through independent insights and educational content.

TradeFX does not provide trading services.

Trade Now (PTY) Ltd – Registration No. 2025/947512/07

A juristic representative and agent of CFD Central Securities (PTY) Ltd Registration No. 2008/008752/07 (FSP No. 35731)

Registered Office: La Concorde, 57 Main Road, Paarl, Western Cape, 7646, South Africa

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Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks.

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