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Khwezi Trade Review 2025

Written By

Tobias Robinson

Written By

Tobias Robinson

Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

» Tobias Robinson Profile Page

Fact Checked By

William Berg

Fact Checked By

William Berg

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Updated

Apr 5, 2025

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United States not accepted.

See the Top 3 Alternatives in your location.

Khwezi Trade is #94 in our CFD broker rankings.

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Customer Reviews

Minimum Deposit R500

Trading Platforms MT5

Instruments Forex, CFDs, indices, commodities

Regulators FSCA

Account Currencies ZAR

Payment Options Credit Card, Debit Card, Visa, Mastercard

Awards

• Best FX Broker Africa 2020 & 2021 - Trade Forex
• Best Broker South Africa 2019 & 2020 - Global Brands Magazine

Pros

• Free technical analysis tools
• Account balance in South African Rand will suit local traders
• CFD trading with up to 1:400 leverage

Cons

• Weak selection of extra educational content
• Poor website with little information on trading terms
• Limited asset list with no company shares

Khwezi Trade is an online forex broker offering a demo and a live account on the MT5 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 MT5 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:

• Full trading history feed
• Single-threaded strategy tester
• Automated trading with Expert Advisors (EAs)
• Multiple time-frames (one minute to one month)

MT5 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.

Leverage

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 MT5 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 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 MT5 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).

Account Types

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

• Stop out 30%
• MT5 platform
• Phone support
• Margin call 100%
• Weekly newsletter
• Daily Flexi analysis
• Educational materials
• Spreads from 0.7 pips
• Minimum deposit is R500
• Free unlimited withdrawals
• Dedicated account manager
• Khwezi videos and guides
• Funds kept in segregated bank accounts

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.

Trading Hours

Khwezi Trade opening hours:

• Forex between 10:00 – 16:00 GMT+2
• Assets in the US market at 15:30 – 22:00 GMT+2
• Assets on the London Stock Exchange at 10:00 – 19:00 GMT+2
• CFDs on both European and the US markets between 15:00 – 19:00 GMT+2

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:

• Email– info@khwezifs.co.za
• Telephone – +27 (0) 21 300 3117 or +27 (0) 10 312 5194
• Cape Town address– 1020 Manhattan Place, 130 Bree Street, Cape Town 8001
• Johannesburg address– Office 9012, 9th Floor, Atrium on 5th Street, Sandton 2196

Security

The broker keeps clients’ funds in segregated South African bank accounts, is regulated by FSCA, and is authorized to provide derivates. MT5 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 MT5 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.

FAQs

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 5 (MT5). 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.

Top 3 Alternatives to Khwezi Trade

Compare Khwezi Trade with the top 3 similar brokers that accept traders from your location.

1. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers
2. Dukascopy – Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 1,200+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders.
   Go to Dukascopy
3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering 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.
   Go to World Forex

Khwezi Trade Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Khwezi Trade and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Khwezi Trade vs Other Brokers

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