According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- FSCA
- 2017
Our Evaluation of Khwezi Trade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Khwezi Trade is a broker with higher-than-average risk and the TU Overall Score of 4.21 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Khwezi Trade clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Brief Look at Khwezi Trade
Khwezi Trade is a subsidiary of Khwezi Financial Services. It is an authorized financial services provider with ref. no. FSP 44816. Khwezi Trade gives customers access to Forex and CFD trading on highly favorable conditions. Khwezi Trade team is dedicated to conducting the business with fidelity, professionalism, and fair attitude to every customer. The company acts in the traders' best interests.
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Khwezi Trade Trading Conditions
| 💻 Trading platform: | MT4, Mobile Apps |
|---|---|
| 📊 Accounts: | Basic, Standard, Premier, VIP |
| 💰 Account currency: | ZAR |
| 💵 Deposit / Withdrawal: | Bank Transfer, EFT |
| 🚀 Minimum deposit: | R 2,000 |
| ⚖️ Leverage: | 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 EUR/USD spread: | 0,4-0,6 pips |
| 🔧 Instruments: | Forex, Indicies, Commodities, Metals, Energy |
| 💹 Margin Call / Stop Out: | 100%/30% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
Khwezi Trade Key Parameters Evaluation
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Regulation and safety
Khwezi Trade has a safety score of 6.3/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 8 years
- Not tier-1 regulated
Khwezi Trade Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSCA SA |
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
Khwezi Trade Security Factors
| Foundation date | 2017 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Khwezi Trade have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Khwezi Trade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Khwezi Trade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Khwezi Trade Standard spreads
| Khwezi Trade | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,4 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,8 | 1,4 | 0,5 |
Does Khwezi Trade support RAW/ECN accounts?
As we discovered, Khwezi Trade does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Khwezi Trade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Khwezi Trade Non-Trading Fees
| Khwezi Trade | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
Khwezi Trade received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Khwezi Trade offers limited payment options and accessibility, which may impact its competitiveness.
- No withdrawal fee
- Bank wire transfers available
- No deposit fee
- Low minimum withdrawal requirement
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC not available as a base account currency
What are Khwezi Trade deposit and withdrawal options?
Khwezi Trade offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making Khwezi Trade less competitive for those seeking diverse payment options.
Khwezi Trade Deposit and Withdrawal Methods vs Competitors
| Khwezi Trade | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Khwezi Trade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Khwezi Trade supports the following base account currencies:
What are Khwezi Trade's minimum deposit and withdrawal amounts?
The minimum deposit on Khwezi Trade is $50, while the minimum withdrawal amount is $100 ZAR. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Khwezi Trade’s support team.
Markets and tradable assets
Khwezi Trade offers a limited selection of trading assets compared to the market average. The platform supports 58 assets in total, including 40 Forex pairs.
- 40 supported currency pairs
- Crypto trading
- Indices trading
- Limited asset selection
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Khwezi Trade with its competitors, making it easier for you to find the perfect fit.
| Khwezi Trade | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 58 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Khwezi Trade offers for beginner traders and investors who prefer not to engage in active trading.
| Khwezi Trade | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | 1020 Manhattan Place, 130 Bree Street Cape Town, 8001 |
| Regulation |
FSCA
Licence number: 44816 |
| Official site | khwezifinancialservices.co.za |
| Contacts |
+27 (0) 21 300 3117
|
Comparison of Khwezi Trade with other Brokers
| Khwezi Trade | Eightcap | XM Group | RoboForex | Pocket Option | FxPro | |
| Trading platform |
MT4, MobileTrading | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge |
| Min deposit | $2000 | $100 | $5 | $10 | $5 | $100 |
| Leverage |
From 1:1 to 1:200 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.1 points | From 0 points | From 0.8 points | From 0 points | From 1.2 point | From 0 points |
| Level of margin call / stop out |
100% / 30% | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 50% | 25% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
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