Edited by May 3, 2023

Author

Edited by

Chris Cammack

Partner Manager and Financial Writer

Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users. Chris has 15+ years of research, and editorial and design experience for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.

Learn more about Chris Cammack

Author

Alison Heyerdahl

Head of Content

<p>Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.</p>

Learn more about Alison Heyerdahl

Khwezi Trade

3.72

How we review

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Forex and CFD trading is high risk and most traders lose money

Available to traders in %s

Min deposit

ZAR 500

Regulated By
Varies by region

Trading Cost

ZAR 10

Max Leverage
Varies by region

200:1

Copy Trading
Varies by region

Yes

Platforms

MT5

Instruments

Khwezi Trade Broker Review

Khwezitrade does not offer services to Australian traders. This review is for informational purposes only.

Founded in 2013, Khwezi Trade is an FSCA-regulated local broker with low deposit ZAR accounts, fast trade execution and is renowned for its customer-focused approach to traders. KwheziTrade will particularly appeal to traders looking for an MT4 broker with personalised customer support.

Khwezi Trade’s entry-level account accommodates beginner traders with a minimum deposit of 500 ZAR, spreads averaging at 1.4 pips on the EUR/USD, which is slightly wider than other brokers, but with no commissions. Its other three accounts offer very competitive spreads which will appeal to more experienced traders with higher minimum deposits. All accounts come with a personal account manager, which benefits both beginners just getting started and experienced traders looking for flexibility in their trading conditions.

Khwezi Trade’s CFD assets outside of their Forex offering are limited compared to other brokers, with only 11 indices, and 7 commodities available restricting traders who wish to diversify their trading strategy. Although Khwezi Trade only offers support for MT4, beginners have access to an adequate selection of educational materials, including webinars and various training videos to get their trading careers underway.

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Does NOT accept Australian Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 200:1. Only MT4 platform supported. Khewzi Trade is regulated by the FSCA - FSP:44816

Pros

ZAR Accounts
Fast and free withdrawals
Great customer support

Cons

Local regulation only
No swap-free account option

Rating Reviews

3.72

Khwezi Trade Overall Summary

Trust Rating

Trading Conditions

Platforms

Education

3.5

Beginner Friendly

Assets Available

3.5

Analysis Research

Deposit & Withdrawal

4.5

Overall Rating

3.72

/ 5

Base Currencies

ZAR, USD

Number of FX Pairs

Crypto Pairs

Copy Trading

Yes

Hedging Allowed

Yes

Scalping Allowed

Yes

Islamic Account

Account Name

Commission

Fees Included in Spread

EUR/USD

0.60

GBP/USD

1.00

USD/JPY

0.80

Negative Balance Protection

Company Name

Khwezi Financial Services (PTY) Ltd

Founded

2013

Website

www.khwezitrade.co.za

Website Language

English

Support Language

English, Afrikaans

Office Locations

South Africa

Support Email Address

[email protected]

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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