Spot Forex trading platform in SA?

[Zukat]

Good day everyone,

Just want to find out if you know of any platforms offering spot forex trading? it can be a bank or outsourced company, my initial research didnt give any positive results.

Please share, if you tried any and with what outcome (ease of use, funding/withdrawing of funds).

 

[hsmnel]

Have you looked at www.gt247.com

 

[Zukat]

Have you looked at www.gt247.com

I tried them out, they only offer currency futures, but no spot forex unfortunately... Do you know if FNB trading platform might offer forex?

 

[M@gn3t1c]

What exaxtly are you trying to do?

 

[Zukat]

What exaxtly are you trying to do?

Get access to trading major currency pairs with the benefits of the forex spot market, without the need to go through the process of international deposit transfers to fund overseas forex trading platforms.

 

[M@gn3t1c]

check pm

 

[K T]

check pm

Why so secretive? We also want to know.

 

[marco]

We in ZA don't allow it. Same as the USA. Brokers too risky.

 

[Zukat]

We in ZA don't allow it. Same as the USA. Brokers too risky.

Is it classified as gambling in SA?

As far as I know they still allow in the US, they just decreased the broker leverage making it less risky and favourable for a lot of ppl to use USA forex brokers to trade.