Khwezi Trade Broker Review

Khwezi Trade, a division of Khwezi Financial Services FSP 44816, is a relatively new online Forex and CFD brokerage launched in 2014. The company is headquartered and regulated in the Republic of South Africa by the FSCA.

The brokerage company offers traders the chance to trade a reasonably wide range of instruments wrapped as CFDs (Contracts for Difference). This also includes a selection of soft commodities.

Khwezi Trade offers trading in 60 forex currency pairs, several commodities including soft commodities, and major global equity indices. Khwezi Trade denominates all accounts and trades in South African Rand.

If you want to open an account with Khwezi Trade, we recommend going through this review first.

You can find our transparent Khwezi Trade review below. Broker reviews are updated frequently!

Khwezi Trade Review by TradeFX Homepage Screenshot

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Pros / Cons
  • FSCA Regulated
  • ZAR Account Currency
  • Great Customer Support
  • Broker Verified
  • Limited Deposit Options
  • Lack Of Education

Khwezi Trade Regulation

Khwezi Trade is a regulated broker licensed by the South African financial regulator, the Financial Sector Conduct Authority (FSCA) in South Africa, and also holds an FSP licence.


Khwezi Trade ensures transparency by storing client funds in segregated accounts away from corporate funds, with a reputable local bank.

Khwezi Trade Tradeable products

The company offers up to 60 CFD currency pairs, over 14 indices including the Dow Jones and NASDAQ, and a handful of commodities including gold, silver, and crude oil. All instruments are traded in ZAR.

Khwezi Trade Account types

Khwezi Trade offers four live accounts available in ZAR. These include basic, standard, premier, and VIP.

The main difference in the accounts is determined in terms of the initial capital requirements and the spreads. Minimum deposits start from R 2,000, which is around 120 USD, in the silver account. The price goes up to R 30 000 Diamond. The spreads become more competitive as you move up the levels.

Many of the other account features are relatively the same in all the accounts, including the minimum trade size of 0.01 lots and the margin call and stop out levels at 100% and 30%.

Khwezi Trade also provides a demo account if you want to try your skills without losing money.

Average Standard Account Spreads on Majors

  • EUR/USD: 0.6
  • GBP/USD: 1.0
  • USD/JPY: 0.8
  • AUD/USD: 0.8

Opening an account

Khwezi Trade account opening is quick and simple.

To open an account at Khwezi Trade, here is what you need to do:

  • Fill in your name, email address and password.
  • Enter your date of birth, phone number, and residential address.
  • Add your employment status
  • Provide some financial information
  • Answer questions about your trading expertise and financial knowledge.
  • Verify your identity by uploading docs.
  • Enter the amount you intend to deposit in a year.

Account currency

There is only one base currency for opening an account with Khwezi Trade: ZAR.

The good news is as a South African, you can open an account in ZAR 

Trading platform

Khwezi Trade provides only one trading platform, and that is MetaTrader4. Whether you’re a rookie or seasoned trader, the MT4 platform caters to multiple trading strategies on a simple interface.

Although there isn’t much of a selection, it may be utilised with mobile or tablet devices via an application, and clients can pick between a web-based and programme version of the platform to use.

With the MetaTrader4 web trading platform, you can place four pending orders: buy stop, sell stop, buy limit, and sell limit. These four pending orders are the most fundamental and crucial trading orders.

The clients can use the two-step login process with the Khwezi Trade MT4 web trading platform since they do not have the option.

You will, however, be able to see your trading history, which includes fee reports, past trades, and trading portfolios.

The Khwezi Trade MT4 web trading platform allows you to be notified by email of any price fluctuations that you are interested in. The email notifications provide you with real-time information on any price fluctuations that you are interested in.

With the Khwezi Trade MT4 mobile application, you will not have the option of facial recognition or fingerprint recognition if you want to log in for the second time. As a client, you will only have the initial login process with your username and password. To compensate, you can always see your performance history, which includes fee reports, previous trades.

The Khwezi Trade MT4 mobile app allows you to notify of any price movements or changes via the numerous notifications it delivers.

These notifications set up on your mobile device will enable you to be notified immediately when a price moves or changes in the ideal position for you as a trader.

Managed accounts are also available. Khwezi Trade is part of a wider corporate group offering asset management, share trading, and other financial services.

Commissions and fees

Khwezi Trade has a comparatively non-existent, non-trading fee and a very low trading fee. No commissions charged.

And if we talk about the Khwezi Trade non-trading fees, there are no non-trading costs to pay. There will be no need for you to make a deposit or pay a withdrawal charge. Moreover, Khwezi Trade does not charge an inactivity fee, which is unusual compared to other trading firms.


There is maximum leverage of 200:1 that is available for forex trading at Khwezi Trade. Lower maximums apply to the majority of the non-forex products available. Every account has a minimum trading size of one micro-lot.

Deposits and Withdrawals

When you deposit funds into the Khwezi Trade, it is a safe and secure process, with bank accounts also being opened in the account holder’s name at Standard Bank in South Africa by Khwezi Trade.

With Khwezi Trade, deposits are free, and you can choose from a wide range of payment methods: electronic payment, debit\credit card, and bank transfer.

The deposits done with Khwezi Trade are fast and will be processed within one business day. The minimum deposit requires for opening an account is 2000 ZAR.

The withdrawal process takes up to one business day. As a client, you do not have to worry about withdrawal fees because it is not required. There are many withdrawal methods that the clients can choose from, such as electronic wallets, debit/credit card, and bank transfer.

Education and Research

The company has a limited free educational offering per se, limited to basic video tutorials that show the users how to register, open an account, download and install the MetaTrader 4 platform, and other things.

However, they offer subscription-based research products providing technical analysis, fundamental news, candle pattern identification signals, indicator identification signals, and premium buys and sells suggestions, all vital factors in the trading world.

The research products cover 60 major Forex pair, major global equity indices, and the top 10 commodities. And that is definitely a plus point of the company.

The company also offers a subscription to Elliot wave forecasts of the price movements of major Rand-based Forex currency pairs. All the material in this is given by a third party in partnership with Khwezi Trade, not by the broker itself. The company also offers one on one training to clients depending on their deposit.

Customer Service

Khwezi Trade has created various options for customers to communicate with them, including a contact forum, phone, email, and live chat.

Bonuses and Promotions

Khwezi Trade promotions vary month to month and clients can enquire about the latest promotions.

Special features

The most striking characteristic of Khwezi Trade is its fully South African, Rand-denominated identity, with its corporate identity firmly rooted in South Africa in both geography and regulation.

Khwezi Trade offers trading in a very diverse selection of assets but does not offer some of the more exotic CFD products that are becoming more popular, such as ETFs. However, soft commodities are available. They surely provide a diverse range of minor and unusual Forex currency pairs.

Khwezi Trade South Africa

As a South African, you will be pleased to hear that Khwezi Trade is a South African broker and accepts South African clients and has an FSCA license. The company also allows you to open an account in ZAR. So, if you are a South African trader looking to explore, you know where to find your answers.

Affiliate program

Khwezi Trade has an affiliate program, where you can earn for every qualified client you refer.

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Our verdict 

Khwezi Trade is a South African-based Forex brokerage company. It is currently regulated by the Financial Sector Conduct Authority (FSCA) and provides four separate trading accounts based on the trader’s experience.

Along with the FSCA regulations, the firm funds are segregated and personalised accounts.

Khwezi Trade offers free and fast withdrawals and deposits for all trading accounts. To make its clients’ lives easier, you will discover four different trading accounts based on your trading history, and you can choose the best option according to that. Along with this, Khwezi Trade offers the option to try out the demo account as a simulation of this Forex broker company.

Khwezi Trade is a certified and recognised CFD and Forex trading broker that will assist you in finding the best trading environment for you, whether you are an experienced trader or a newbie.

Bottom line

Khwezi Trade is a South African forex broker headquartered in Cape Town and Johannesburg. The broker aims to provide its clients with the greatest online trading environment possible, with the lowest spreads and no commissions.

Khwezi Trade was named the Best Broker South Africa of 2020 by Global Brands Magazine 2020. Khwezi Trade offers free and quick withdrawals and deposits for all trading accounts. Based on your trading history, you will discover four different trading accounts. Furthermore, Khwezi Trade provides the possibility to use a demo account to test your skills without risking any money.

Feel free to open an account with Khwezi Trade.

We value your feedback: Rate this broker by leaving a comment and rating below this review.

Broker FAQ

Thinking of Trading with Khwezi Trade?

Khwezi Trade FAQ

What is Khwezi Trade’s minimum deposit?

The minimum deposit for all account types is 2000 ZAR.

How do I deposit/withdraw from my Khwezi Trade account?

You can deposit/withdraw funds through debit or credit card and bank wire transfer.

Is Khwezi Trade spreads high?

Khwezi Trade offers tighter spreads on all major FX pairs.

What is the maximum leverage at Khwezi Trade?

Khwezi Trade offers maximum leverage of 1:2000

Does Khwezi Trade use MetaTrader?

Yes, Khwezi Trade uses MT4.

Is Khwezi Trade available in South Africa?

Yes, Khwezi Trade is available for South African traders.

Khwezi Trade Logo


Khwezi Trade, a Financial Services FSP 44816, is a relatively new online Forex and CFD brokerage launched in 2014. Proudly South African!

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