Forex traders job description

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Bitcoin exchanges in South Africa. At this point, Bitcoin, other digital coins and crypto-exchanges have no official legal status in South Africa. However, the country has undertaken a balanced approach to cryptocurrency regulations and authorities imply that such might be introduced soon. In March 2017, the South African Reserve Bank (SARB) warned local investors of risks posed by Bitcoin. The Bank said that the cryptocurrency has no legal status or regulatory framework and therefore, it poses a number of risks. However, Bitcoin, and trading in other digital currencies was not banned, so people can use the cryptocurrency at their own risk. Bitcoin in South Africa is starting to pick up the pace, as the financial market there holds a great potential and besides, locals have been enduring massive inflation for years now. So, many of them are willing to invest in cryptocurrencies or anything that might protect their wealth. At a South African parliamentary discussion in August 2017, the country’s Finance Minister Gigaba said that “the relevant authorities continue to monitor and assess the use of virtual currencies and consult with private sector stakeholders in this regard”. “Further guidance or regulations may be issued, should the need arise,” he added. Indeed, the CEO of blockchain-based solutions provider, Bankymoon, said that it will cooperate with SARB and will start testing different regulation frameworks related to Bitcoin and other cryptocurrencies. Bankymoon is allegedly the bank’s first sandbox (experimental) business to trial-run new regulations. While South Africa has not yet witnessed the high level of cryptocurrency adoption that takes place in the United States, Europe, and the UK, a small cryptocurrency ecosystem is already developed there, delivering innovative services to local consumers and businesses. Of course, apart from the cryptocurrency exchanges available, South Africans have yet another option: to trade in cryptocurrencies with higher leverage, provided by forex brokers, regulated by the local Financial Services Board. With IG, FXTM, HYCM or XM investors are able to speculate on the price movement of the most popular cryptocurrencies. Bitcoin exchanges in South Africa. Forex Industry News. Latest forex brokers. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz.com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website. All textual content on ForexBrokerz.com is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz.com does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations. Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy. Top 8 Forex Brokers in South Africa - February 2018. Find the best Forex Broker for you & Start trading instantly! RoboX – AutoTrading MirrorTrader ZuluTrade MQL5 Signal Service API Trading Crypto Weekend Trading. Bitcoin Litecoin Ethereum Ripple Dash. AvaTradeAct AvaTradeGo Mac Trading Meta Trader 4. Crypto Weekend Trading. Daily Analyst Recommendations (DAR) Bitcon Ethereum Litecoin Dash. Markets.com Trader Meta Trader 4. Forex Trading in South-Africa. South Africa is a beacon of hope for the African continent, and the world at large. It is a multicultural melting pot bustling with diversity and economic activity. As Africa’s powerhouse, FX trading is high on the agenda for South African traders. The global FX market is currently worth an estimated $5 trillion per day, and South Africa certainly chips in with its share of the currency trading market… Read More>> 400:1 leverage Tight spreads Multiple trading platforms (AvaTrader, MT4, mobile and others) Powerful tools and resources available. Deposit and Withdrawal information limited on the website Fewer currency pairs compared to other brokers Limited bonuses and promotions. 200:1 leverage on Forex Trades Comprehensive education center Practice Account available to traders Multiple platforms to choose from including MetaTrader 4. Does not accept U.S. traders Live chat is only available 24/5 Information on bonuses is scant PayPal is not supported by Markets.com. 53 Forex pairs Demo Trading Account Tight spreads and leverage up to 294:1 Internationally respected trading platform. No telephone number for support MT4 Trading not supported No US traders allowed to trade on site. Top8ForexBrokers.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision: Is the Forex Broker regulated? Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too. Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better). Availability of Customer Service. Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience. FSB - South Africa Regulated Brokers. List of Brokers Regulated by FSB. Forex Brokers Listed. Risk Warning: Trading Forex, CFDs and other leveraged derivatives is considered a high risk investment and may not be suitable for everyone. We do not provide investment advice and the bonuses or promotions offered by brokers are listed for comparative purposes only. Please read our Terms and Conditions and Privacy Policy for more information, and NFA's Forex Investor Alert. Information cookies. Cookies are short reports that are sent and stored on the hard drive of the user's computer through your browser when it connects to a web. Cookies can be used to collect and store user data while connected to provide you the requested services and sometimes tend not to keep. Cookies can be themselves or others. There are several types of cookies: Technical cookies that facilitate user navigation and use of the various options or services offered by the web as identify the session, allow access to certain areas, facilitate orders, purchases, filling out forms, registration, security, facilitating functionalities (videos, social networks, etc..). Customization cookies that allow users to access services according to their preferences (language, browser, configuration, etc..). Analytical cookies which allow anonymous analysis of the behavior of web users and allow to measure user activity and develop navigation profiles in order to improve the websites. So when you access our website, in compliance with Article 22 of Law 34/2002 of the Information Society Services, in the analytical cookies treatment, we have requested your consent to their use. All of this is to improve our services. We use Google Analytics to collect anonymous statistical information such as the number of visitors to our site. Cookies added by Google Analytics are governed by the privacy policies of Google Analytics. If you want you can disable cookies from Google Analytics. However, please note that you can enable or disable cookies by following the instructions of your browser. Forex Brokers in South Africa regulated by FSB. The South African Forex Brokers are regulated by the ‘Financial Services Board’ (FSB) which is an independent financial regulatory entity in South Africa. The ‘FSB’ regulates and oversees the financial activities of all the Investment Firms, Capital Markets, Insurers and Insurance Companies, Credit Agencies, Forex Brokerage Firms, Stock Exchange, as well as other relevant companies to ensure the safety of client’s funds and the integrity of the economy in the regions. The company is empowered to enforce preventative and disciplinary measures which include financial penalties, suspension, or annulment of the licenses if the registered companies step foot outside the framework of the laws. The FSB attempts to provide a trustworthy market atmosphere for both the providers and investors of the financial markets. Below you can find listed of FSB Registered Forex Brokers in South Africa. FSB (South Africa) Forex Brokers. Spread type: Floating. Platforms: MT4, MT5. FXTM FSB License: #46614. Year Founded: 2009. FSB South Africa Regulation. The ‘Financial Services Board,’ a self- governing supervisory body established in 1991, is in charge of regulating financial services providers such as insurance, retirement funds, and collective investment schemes companies, Forex brokers, investment firms, financial advisors except for the banking services in South Africa. This supervisory body is also responsible for ‘Johannesburg Stock Exchange,’ a world- class African Stock Exchange, which plays a major role in the economy. The ‘FSB’ is after providing a safe, healthy, and robust market environment for all the consumers of financial products. Since its establishment, the company has it made its priority to build a worthy reputation in South Africa, other parts of the continent, as well as the whole world. The Financial Services Board makes certain that the financial products consumers are treated professionally, only quality products are offered to the clients, the financial markets and relevant institutions are transparent in their practices, and the overall status of the financial industry is steadfast and secure. The very presence of the company prevents many illegal financial providers from cheating the customers out of their money thereby creating a safer investment market. Moreover, the consumers of FSB regulated markets can verify the authenticity of a firm regarding its license, products, and authority through this firm. The FSB runs regular investigations into the registered companies to ensure the safety of investors’ funds, keeps its provisions up to date with those of internationally known regulatory bodies, and supervises South African Securities exchanges, clearing houses, and central securities depositories. Another promotional activity that the company is proud to be a part is educating the public in terms of financial products, institutions, and services in the hope of creating utmost confidence in the South African investment markets. The FSB also cooperates with the ‘International Organization of Securities Commissions’ (IOSCO) and ‘Committee of Insurance, Securities and Non- Banking Financial Authorities’ (CISNA) as a part of its duties. How to verify an FSB Regulated Forex Broker: The FSB regulated Forex Brokers can be found on FSB’s official search page for the authorized companies. On this page, there are four boxes to type the info of the company that you are looking for - license number, company Name, Postal Code, and ID, simply search for the company by providing any of them. Once you have completed your search, the company in question will appear with its relevant information. Afterward, you can click on the ‘Details’ to see the content. Risk Warning: Forex and CFDs are leveraged products and carry a high level of risk that can result in losses exceeding your deposit. You should be aware of all the risks associated with trading.

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