This Khwezi Trade review evaluates the South African forex broker’s regulatory standing, trading platform options, product scope, and client safety mechanisms. Khwezi Trade is a division of Khwezi Financial Services (Pty) Ltd and focuses on ZAR-based retail forex trading with FSCA oversight.

Regulation and Safety

Khwezi Trade is a registered financial service provider in South Africa:

• FSCA (Financial Sector Conduct Authority): FSP Number 44816

The broker complies with the Financial Advisory and Intermediary Services (FAIS) Act. Client funds are held in segregated trust accounts at South African banks. Investor protection and financial audits are mandated by local law.

Execution Model and Trading Platforms

Khwezi Trade uses an STP execution model, routing trades directly to liquidity providers without a dealing desk. Supported platforms include:

• MetaTrader 4 (MT4) – Windows, WebTrader, Android, and iOS

MetaTrader 5 is not available. VPS services are not native but can be configured externally. FIX API is not offered.

Markets and Instruments

Khwezi Trade specialises in CFD trading on a focused selection of instruments:

• Forex: 30+ currency pairs (including USD/ZAR, EUR/ZAR)
• Commodities: Gold, oil
• Indices: JSE Top 40, SPX500, UK100

No cryptocurrency, stock, or ETF trading is supported. All trading is denominated in ZAR, suitable for local investors.

Accounts, Spreads and Leverage

Khwezi Trade offers three primary live account types:

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

Maximum leverage is 1:200. Stop-out level is 50%. Minimum deposits start at R500 for Basic and R5,000 for VIP.

Funding and Base Currencies

All Khwezi Trade accounts are denominated in South African Rand (ZAR). Funding options include:

• Instant EFT (Ozow, PayFast)
• Direct bank deposit via major SA banks

Deposits are processed same-day during working hours. Withdrawals typically clear within 24–48 hours.

Client Protections and Features

• FSCA-licensed and audited broker
• Client funds held in segregated trust accounts
• Negative balance protection offered under internal policy
• Secure client portal with two-factor authentication (2FA)
• Dedicated account managers for Premium and VIP clients

Institutional and Retail Offering

Khwezi Trade targets South African retail clients only. No institutional services are offered:

• No FIX API or white-label solutions
• No prime brokerage or liquidity aggregation
• No multi-asset or cross-border services

Pros and Cons

Pros

• FSCA-regulated broker
• STP model with ZAR-denominated accounts
• MetaTrader 4 support for all devices
• Fast local funding and withdrawals
• South African-focused customer support

Cons

• Limited to South African residents
• No MT5, crypto, or share CFDs
• No institutional or international services
• VPS and FIX API not supported
• Minimal educational content

Frequently Asked Questions

Is Khwezi Trade regulated?

Yes, Khwezi Trade is licensed by the FSCA in South Africa under FSP number 44816.

Does Khwezi Trade support international clients?

No, Khwezi Trade only accepts clients who reside in South Africa with valid FICA documentation.

What trading platform does Khwezi Trade use?

Khwezi Trade supports the MetaTrader 4 platform across desktop, mobile, and web versions.

What is the minimum deposit?

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

Can I trade cryptocurrencies with Khwezi Trade?

No, Khwezi Trade does not support crypto or share CFDs. It focuses on forex, indices, and commodities.