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PrimeXBT presents analysis of South Africa’s expanding retail FX market at ProFX Expo Africa 2026

PrimeXBT presents analysis of South Africa’s expanding retail FX market at ProFX Expo Africa 2026
PrimeXBT explores FX trading growth

At ProFX Expo Africa 2026 in Cape Town, PrimeXBT's Kearabilwe Nonyana gave a presentation examining the rapid growth of South Africa's FX and CFD retail trading market, highlighting the increasing participation of young, mobile-focused traders and evolving trader needs.

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At ProFX Expo Africa 2026 in Cape Town, PrimeXBT's representative Kearabilwe Nonyana presented insights on the development of South Africa’s FX and CFD retail trading sector. According to information from PrimeXBT, the number of active retail traders in the country has surpassed 190,000, with growth attributed to factors including greater financial inclusion, expanding smartphone usage, market volatility, and an increase in experienced and capitalized participants. Nonyana’s talk highlighted the evolving profile of local traders—characterized as predominantly young and mobile-oriented, with rising female participation and a significant number treating trading as supplementary income. Channels for discovery and engagement reportedly center on platforms such as WhatsApp, YouTube, and other social media. The broker also discussed regulatory context provided by the FSCA and described its own approach combining educational resources, recognition for tiered trading activity, and a rewards program.

PrimeXBT is a multi-asset broker established in 2018, offering trading in forex, cryptocurrencies, commodities, and indices with leverage up to 1:2000. The platform supports copy trading, provides demo accounts, and gives access to educational resources and market analysis, with mobile trading apps available for users. For more information, read the broker profile on Traders Union.

For reference, the previous PrimeXBT update on Traders Union highlighted changes to trading hours due to the UK Bank Holiday. You can read more details in the earlier news about PrimeXBT.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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