Khwezi Trade vs FXGT

Khwezi Trade vs FXGT Comparison Table 2024
Khwezi Trade FXGT
4
3.5

Khwezi Trade is a South African, FCSA-regulated brokerage that offers CFD trading with up to 1:400 leverage through the MT5 platform. The broker's asset list is not extensive, but does include a decent range of forex pairs and some stock indices. The free demo account and low minimum deposit make it easy and risk-free to try out. The broker also offers good welcome and other bonuses for traders who sign up.

FXGT is an offshore broker offering leveraged CFD trading on the MT4 and MT5 charting platforms. The broker is regulated by the FSCA and the VFSC and offers segregated accounts and negative balance protection for global clients.

Bonus Offer
60% deposit welcome bonus Tiered Loyalty Bonus
Comment by Reviewer
"Khwezi Trade is best for South African traders looking for low-deposit and high-leverage CFDs on forex and popular financial assets." "FXGT is a good choice for clients looking to execute short-term strategies including scalping, hedging, netting and automated trading. The $5 minimum deposit makes it easy to get started and there's a range of account types for beginners and pro traders."
Pros
  • CFD trading with up to 1:400 leverage
  • Supports the popular MT5 platform
  • Decent range of 40 forex pairs including majors
  • Account balance in South African Rand will suit local traders
  • Free technical analysis tools
  • Generous welcome bonuses
  • The MT4 and MT5 will serve day traders looking for reliable charting software
  • The broker offers free deposits and withdrawals, with fast processing
  • Beginners will appreciate the low $5 minimum deposit across all account types
  • FXGT's sponsored VPS is fully integrated into MT5 and offers 3GB RAM and 16GB disk space
  • Negative balance protection is available for global traders
Cons
  • Limited asset list with no company shares
  • Weak selection of extra educational content
  • Poor website with little information on trading terms
  • The broker holds weak offshore regulatory licensing compared to alternatives
  • The broker doesn't offer any proprietary software or additional market research tools
  • There are very limited educational resources available
Awards
  • Best FX Broker Africa 2020 & 2021 - Trade Forex
  • Best Broker South Africa 2019 & 2020 - Global Brands Magazine
Instruments
Forex, CFDs, indices, commodities CFDs on Forex, Stocks, Indices, Metals, Energies
Demo Account
Yes Yes
Minimum Deposit
R500 $5
Trading Platforms
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSCA FSCA, VFSC, FSA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes iOS & Android
Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes - Flexi Analysis and Dynamic Outcomes MT5
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • ZAR
  • USD
  • EUR
  • JPY
Stock Exchanges
Commodities
CFD Trading
Khwezi Trade offers CFDs on 40 currencies as well as a few commodities and 11 stock indices. Commodities include gold, silver and crude oil, and the stock indices include the popular Dow Jones. These are traded using the powerful MT5 platform with high leverage, no commission and variable spreads. Speculate on rising or falling prices with leveraged CFDs.
Leverage
1:400 1:1000
FTSE Spread
200 110
GBPUSD Spread
16 2.2
Oil Spread
20 1.1
Stocks Spread
Variable 1.2 (Apple Inc)
Forex Trading
Khwezi Trade offers 40 forex pairs, traded through CFDs with up to 1:400 leverage, no commission and fees charged through the spread. Spreads start from 0.4, but these vary by asset and are subject to change with market conditions. Speculate on a decent list of forex pairs with a choice of account types.
GBPUSD Spread
16 2.2
EURUSD Spread
10 2.2
EURGBP Spread
25 3.3
Assets
39 53
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