Khwezi Trade Review 2022

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Khwezi Trade is an online broker offering MT4 trading on the Zar One account.

  • Best FX Broker Africa 2020 & 2021 - Trade Forex
  • Best Broker South Africa 2019 & 2020 - Global Brands Magazine
Bonus60% deposit welcome bonus
InstrumentsForex, CFDs, indices, commodities
Demo AccountYes
Min. DepositR500
Payment Methods
Min. Trade0.01 lots
Regulated ByFSCA
MetaTrader 4Yes
MetaTrader 5No
Trading CentralNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsYes - Flexi Analysis and Dynamic Outcomes
Islamic AccountNo
Account Currencies
  • ZAR
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • Hong Kong Stock Exchange
  • London Stock Exchange
  • Nasdaq
  • Gold
  • Natural Gas
  • Oil
  • Silver
CFD TradingCFD trading is available on multiple markets.
CFD FTSE Spread200
CFD Oil Spread20
CFD Stocks SpreadVariable
CFD Leverage1:400
Forex TradingTrade close to 40 FX pairs with 1:400 leverage.
Forex GBPUSD Spread16
Forex EURUSD Spread10
Forex EURGBP Spread25
Forex Assets39
Risk Warning – Your capital is at risk

Khwezi Trade is an online forex broker offering a demo and a live account on the MT4 trading platform. In this review, we cover the registration and login process as well as leverage, contact details, and more. Find out if Khwezi Trade is safe or a scam.

Khwezi Trade Headlines

Khwezi Financial Services is a South African brokerage established in 2013. The broker has two offices in Cape Town and Johannesburg and is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.

The broker provides trading in currency pairs, commodities, and indices, as well as offering additional analysis tools and market signals.

MetaTrader 4 Trading Platform

Whether you’re a rookie or seasoned investor, the MT4 platform caters to multiple trading strategies on a simple interface. Users can access numerous charting tools and custom indicators to analyze price movements, such as Fibonacci Retracements and moving averages.

Other features include:

Khwezi Trade MT4 platform
MetaTrader 4

MT4 works with Windows XP and later PCs and can be downloaded straight from the broker’s website.

Assets & Markets

Khwezi Trade offers 39 CFD currency pairs, 11 indices including the Dow Jones and NASDAQ, and a handful of commodities including gold, silver, and crude oil. All instruments are traded in South African Rand (ZAR).

Note, the brokerage does not offer trading on binary options or cryptocurrencies.

Spreads & Commission

The average spread for EUR/GBP is 25 pips, EUR/USD is 10 pips, and GBP/USD is 16 pips. Commodities have a variable spread of 20-240 pips, with the highest being for natural gas. Indices are also variable at 60-1200 pips. Unfortunately, these spreads are noticeably higher than competitors.

Live spreads can be found on the broker’s website.


The maximum leverage for live accounts is 1:400. However, for demo accounts, this drops to 1:100. These are reasonable rates but by no means the highest leverage levels available. If you plan on mimicking exact market conditions on your demo account, you may struggle as the maximum leverage levels don’t match.

Mobile App

The mobile app version of MT4 is available, suitable for iOS and Android devices. The app provides easy access to features with a mobile-friendly interface. Custom tools are supported, as well as full pricing feeds and investing history. You can also set push notifications and access a free chat service for support on the go.

Khwezi Trade mobile app
Mobile App

Khwezi Trade Payment Methods

Deposit options include mobile and online banking platforms. Once registered, clients can view Khwezi Financial Services account details and make a deposit using their account number as a reference. Alternatively, credit and debit cards can be used to deposit via the client portal ‘Deposit’ area.

Withdrawals must be requested via email. They are processed daily if received before 15:00 GMT+2 or the next day if later.

Demo Account

Khwezi has a free practice account so that you can test out your skills in the MT4 platform. The starting balance is R100,000, and you can invest in 32 instruments with a leverage of up to 1:100. Clients can open a live account when they are ready to invest real cash.

Bonuses & Promotions

Khwezi Trade offers a 60% welcome bonus on deposits made after the 5th of April 2022. This promotion is subject to the broker’s terms and conditions.

An R500 credit bonus has also been offered in the past, so investors should check the broker’s website for any future deals.

Regulation & Licensing

Khwezi Financial Services Limited is regulated locally by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP license number 44816. However, this is only local regulation, meaning traders may feel more comfortable opting for a broker that operates under one of the more international regulatory frameworks.

Additional Features

There is limited investing research and education available, including news, several video tutorials for the registration process, and market analysis. You can find a more comprehensive range of resources at other brokers.

Khwezi Trade does offer its Flexi Analysis service, which is a subscription to live technical analysis updates and signals. This is a great option for beginners looking for help asserting an edge.

Dynamic Outcomes are also provided, a signals service for the South African Rand. However, this comes at a cost of 395 ZAR per month (around 25 USD).

Khewzi Trade investing tools review

Account Types

Khwezi Trade offers only one live account, called Zar One:

It is relatively easy to open an account. However, it’s worth noting that the registration form requires a mobile number, ID, and proof of address.


Reasons to invest with Khwezi Trade include:


Drawbacks of choosing this brand include:

Trading Hours

Khwezi Trade opening hours:

With that said, general market hours are between 0:00 GMT+2 on Monday to 22:00 GMT+2 on Friday.

Customer Support

There are several ways you can contact Khwezi, including a live chat service and an online inquiry form. You can also reach the broker via telephone or email:


The broker keeps clients’ funds in segregated South African bank accounts, is regulated by FSCA, and is authorized to provide derivates. MT4 is also a secure and safe platform, complying with industry-standard encryption protocols that protect data exchanges between servers.

Khwezi Trade Verdict

Khwezi Trade has recently improved the quality of its services and is now offering more information about spreads, account types and assets. Using the trusted MT4 platform, the live account provides a good option for traders based in South Africa to try a new online trading partner with a low minimum deposit.

Accepted Countries

Khwezi Trade only accepts traders from South Africa, Lesotho, Namibia.

Compare Khwezi Trade

Compare Khwezi Trade with similar brokers that accept traders from your location. Among available brokers these are the most similar to Khwezi Trade:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  4. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.

Khwezi Trade Comparison Table

Compare Khwezi Trade With Similar Brokers
Khwezi Trade InstaForex IG Group World Forex AAAFx
Rating 4 4.1 4.4 3.9
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit R500 $/€1 £250 $1 $10
Minimum Trade 0.01 lots 0.01 Lots 0.1 lots 0.01 Lots 0.01 lots
Bonus 60% deposit welcome bonus 30% – 100% Welcome Bonus 100% Deposit Bonus 100% Deposit Bonus available for Global clients
Education No No Yes No No
Platforms MT4 MT4, MT5 MT4 MT4, MT5 MT4, MT5
Leverage 1:400 1:1000 1:30 1:1000 1:30 EU, 1:500 Global
Payment Methods 4 11 6 10 9
Detailed Comparison Khwezi Trade vs InstaForex Khwezi Trade vs IG Group Khwezi Trade vs World Forex Khwezi Trade vs AAAFx
Review Khwezi Trade
IG Group
World Forex

Compare Trading Instruments

Compare Khwezi Trade Trading Instruments
Khwezi Trade InstaForex IG Group World Forex AAAFx
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes No
Gold Yes Yes Yes Yes Yes
Copper No No Yes No No
Silver Yes Yes Yes Yes No
Corn No No No No No
Crypto No Yes Yes Yes Yes
Futures No Yes Yes No No
Options No No Yes No No
ETFs No Yes Yes No No
Bonds No No Yes No No
Warrants No No No No No
Spreadbetting No No Yes No No
Volatility Index No No Yes No No

Khwezi Trade vs Other Brokers

Compare Khwezi Trade with any other broker by selecting the other broker below.

Khwezi Trade vs


What Is The Minimum Initial Deposit Required At Khwezi Trade?

The minimum deposit is R500 with the Zar One account. This is competitive versus peers and makes it popular with beginners.

What Platforms Does Khwezi Trade Use?

Khwezi Trade uses the downloadable desktop and mobile app platform – MetaTrader 4 (MT4). The trading terminal offers a good range of instant and pending orders, multiple charts and extensive customization.

Where Is Khwezi Trade Based?

The broker is based in two locations in South Africa: Cape Town and Johannesburg.

Does Khwezi Trade Offer A No Deposit Bonus?

At the time of writing, the broker does not provide any such deals. Traders should check the website or social media pages for future offers.

Is Khwezi Trade A Scam?

Whilst we cannot say for certain that the broker is a scam, our review was concerned with the lack of transparency on the part of Khwezi Trade, particularly around payment options and fees. As a result, we would recommend other providers first.

Khwezi Trade is an online broker offering MT4 trading on the Zar One account.