This Khwezi Financial Services review highlights the broker’s regulatory status in South Africa, its range of ZAR-denominated forex services, supported platforms, and retail-focused trading conditions. Khwezi is a locally regulated broker catering primarily to South African clients with segregated accounts and FSCA oversight.

Regulation and Safety

Khwezi Financial Services is authorised by the Financial Sector Conduct Authority (FSCA):

• FSCA South Africa: License No. 44816

The firm operates as an OTC derivatives provider and maintains full compliance with South African financial law. Client funds are held in segregated trust accounts with South African banks. No international regulatory licences are held.

Execution Model and Trading Platforms

Khwezi operates on an STP model with external liquidity providers and no dealing desk. Supported platforms include:

• MetaTrader 4 (MT4) – desktop, web, and mobile

No MetaTrader 5 or proprietary platforms are supported. FIX API is not available, and VPS hosting is limited or third-party.

Markets and Instruments

Khwezi offers a focused set of instruments tailored to local clients:

• Forex: 30+ currency pairs, including USD/ZAR and EUR/ZAR
• Commodities: Gold, oil
• Indices: JSE Top 40, SPX500, GER30
• No CFDs on stocks or cryptocurrencies

The asset range is narrower than international peers but aligns with FSCA requirements and domestic demand.

Accounts, Spreads and Leverage

Khwezi offers three live account tiers with ZAR-based balances:

• Basic: Spreads from 1.6 pips, no commission
• Premium: Spreads from 1.0 pips, no commission
• VIP: Spreads from 0.6 pips, no commission

Leverage is capped at 1:200 for retail clients. The minimum deposit is R500 for Basic and R5,000 for VIP. Stop-out levels are set at 50%.

Funding and Base Currencies

All accounts are denominated in South African Rand (ZAR). Supported funding methods include:

• Instant EFT (Ozow, PayFast)
• Bank transfer via major South African banks
• Debit/Credit Card (limited availability)

Deposits are processed same-day; withdrawals are typically processed within 24–48 hours on business days.

Client Protections and Features

• FSCA-regulated OTC derivatives provider
• Segregated trust accounts for client funds
• Negative balance protection under company policy
• Secure client portal with 2FA login
• Local customer service and compliance monitoring

Institutional and Retail Offering

Khwezi Financial Services focuses solely on South African retail traders. Institutional services are not available:

• No FIX API or advanced liquidity options
• No white-label or B2B offerings
• No proprietary platform development

Pros and Cons

Pros

• Fully licensed by FSCA in South Africa
• STP execution with ZAR-denominated accounts
• MT4 access with no dealing desk
• Same-day deposits and local support
• Tiered accounts with low minimum deposits

Cons

• Limited product range (no crypto or stocks)
• No support for MT5 or FIX API
• Only available to South African residents
• No international regulation or global reputation
• Educational resources are minimal

Frequently Asked Questions

Is Khwezi Financial Services regulated?

Yes, Khwezi is regulated by the FSCA in South Africa under license number 44816 as an authorised OTC derivatives provider.

What platforms does Khwezi offer?

Khwezi supports the MetaTrader 4 (MT4) platform across desktop, mobile, and web interfaces.

What is the minimum deposit?

The minimum deposit is R500 for Basic accounts and R5,000 for VIP accounts.

Is Khwezi available outside South Africa?

No, Khwezi Financial Services is focused exclusively on the South African market and does not accept international clients.

Does Khwezi support ZAR trading accounts?

Yes, all trading accounts are ZAR-denominated, offering a localised experience for South African traders.