Reliable broker using MT4 in South Africa
Markets Forex

1 Like 0 Dislike 9 Replies
2 years ago

Hi guys! I'm  looking for a reliable broker in South Africa that uses MT4. Any suggestions?


Posted 10 months ago 0 Likes   0 Dislikes

Hi there @ruan1985 


Did you find a good broker ? Any advise as I am looking for a good Broker.



Posted 2 years ago 0 Likes   0 Dislikes

Which Broker do you use / would you suggest ?



Posted 2 years ago 0 Likes   0 Dislikes

Which Broker do you use / would you suggest ?



Posted 2 years ago 0 Likes   0 Dislikes

Hi.

I have tried looking for an MT4 broker in SA but I came up with nothing. Also, the fees that the South African brokers charge is crazy. For that reason I am using PipIndex. The only issue that I think I might have is the Tax issue. But South African tax laws aren't very complicated. You can simply declare the trading income on the SARS e-filing form when you file. I think there is a percentage that charged over and above the standard income tax rate.

But I do suggest picking a broker in Europe as the USA has additional tax laws which are complicated!!



Posted 2 years ago 0 Likes   0 Dislikes

Which broker do you use ?



Posted 2 years ago 0 Likes   0 Dislikes

Plenty of brokers out there - as atrader01 said, have a look at the spread as well - especially if you are trading lower timeframes



Posted 2 years ago 0 Likes   0 Dislikes

I agree with Sidekick, browse the internet, there are so many brokers out there, just google it and do your homework before taking this decision - spread is also important, so choose wisely



Posted 2 years ago 1 Likes   0 Dislikes

I agree with Fxchip .

I think that unless you are unable to set up an account in Europe, you should be considering an account in a well regulated country . Im not sure about SA but there is a lot of good STP brokers in UK.


Dont get bogged down by Geography!