But ZAR Forex brokers offer trading accounts that keep the trading balance in ZAR, which is useful if you want to avoid currency conversion fees. Having a ZAR account also means your trading funds will be kept in local bank accounts, which makes deposits and withdrawals by bank transfer faster and more convenient. Best Forex Brokers and Trading Platforms with ZAR accounts . ZAR Forex trading accounts are useful for South African traders who would like to avoid losing money in currency conversion fees on deposits. Having a ZAR account means that all a traders deposits will be kept in local bank accounts, which makes deposits and withdrawals by bank transfer fast and convenient. IQ Option is a brokerage firm that was founded in 2013. The company is owned and operated by IQ Option Europe Ltd. Since its introduction in 2013, IQ Option has been at the forefront of the drive for innovation in the industry. IQ Option is regulated by CySEC, the Cyprus Securities and Exchange Commission. The company is a full adherent to the regulations of this entity, holding the License No. 247/14. IQ Option is regulated by FCA, the Financial Conduct Authority under the Reference Number 670182. UK Traders can trade legally to IQ Option. Major pairs include major global currencies, such as EUR, USD, GBP, JPY, AUD, CHF, and CAD. Exotic currency pairs are those that include the currencies of developing countries or small countries (TRY, BRL, ZAR, etc.) CFD. On IQ Option, Forex is traded in the form of CFDs (contract for difference). The forex market in South Africa dates back to the late ’80s and the market experienced extraordinary growth starting from 1987 to 1990.. Our Best handpicked forex brokers with ZAR accounts: FXCM South Africa. FXCM South Africa is operates within the FXCM group of companies and is an FSCA-regulated, high-quality Forex and CFDs trading service provider.. FXCM focuses on traders who are Trade stocks, ETFs, forex & Digital Options at IQ Option, one of the fastest growing online trading platforms. Sign up today and be a part of 17 million user base at IQ Option. IQ Option is a binary options broker and has a license through the Cyprus Securities and Exchange Commission (CySec). CySec also regulates and guarantees compliance in its jurisdictions. They allow their traders to quickly manage their trading activities on smartphones, IPADS, tablets or personal computers.
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