Khwezi Trade Review

Khwezi Trade Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this Khwezi Trade Review.

Khwezi Trade Review

A South African broker, Khwezi Trade offers a single Rand-based account with variable spreads, leverage up to 1:200, as well as micro tradeable lots on the MetaTrader 4 platform.

Furthermore, there are Mirror accounts available with this broker with a minimum investment of R10000. These accounts allow their holders to select a trading strategy and to automatically “mirror” the trades executed by the selected strategies in another trader’s account.

The Company. Security of Funds




Khwezi Financial Services (PTY) Ltd.

South Africa


Khwezi Trade offers online trading in currency pairs, as well as commodities and indices CFDs on MT4 platform. The brand is operated by Khwezi Financial Services (PTY) Ltd., a company which is licensed to provide investment and brokerage services by the Financial Services Board (FSB).

The FSB is in charge of the licensing process of forex brokers in South Africa and oversees the non-banking financial services industry in the country. Brokerages licensed in South Africa must keep all client funds in segregated trust accounts in a recognized bank in the country.

Additionally, the FSB has enforcement powers to deal with violations of the relevant legislation through the enforcement committee. The regulator also runs a customer complaints service, the Office of the Ombud for Financial Services Providers.

Trading Conditions

Minimum Initial Deposit

In order to open an account with Khwezi Trade, traders have to invest a minimum of R5 000 (currently around $377), which is average for the local forex market. Yet, global brokers that also hold a license from FSB, require less. For example, FXTM, demands just $5 as a start.

Spreads & Commissions

Khwezi Trade offers commission-free trading, but unfortunately its typical variable spreads are above average, floating around 1.8 pips on EUR/USD.

For purposes of comparison, major forex broker FXCM (which also has a license from FSB) offers averaged spreads of 0.4 pips on the EUR/USD with a commission of $4 per lot. For more information, you may check out the real-time spreads of more than 10 leading brokers here.


The maximum leverage level offered by Khwezi Trade is 1:200, which is average. If you need higher leverage ratios, a number of brokers offer leverage equal to or exceeding 1:500. FXTM, for instance, offers leverage up to 1:1000.

Keep in mind, however, that margin trading is not for everyone, and the higher the leverage you use, the greater the risk of losses.

Trading Platforms

As we have already mentioned, Khwezi Trade uses the MetaTrader 4 (MT4),available as desktop download and mobile apps.

Khwezi Trade’s web MT4. Click to enlarge.

Although the platform’s developer MetQuotes has released a newer version (MT5), most brokers and traders still prefer the good old MT4. This is probably due to the thousands of custom technical indicators and automated trading systems, which are available for it, as well as the advanced charting package the platform offers.

Methods of Payment

Clients of Khwezi Trade are able to use only bank wire transfers and credit/debit card payments.

Khwezi Trade is a licensed South African forex and CFD brokers that supports the good old MT4. Its main disadvantage is that the spreads it offers are above the average, otherwise its trading conditions appear standard.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Khwezi Trade Review Conclusion

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