can you recommend a broker with R 50 minimum deposit?

@tony_xhan - 9 months ago - Forex Brokers

Any ideas about brokers with 50 Rand minimum deposits and who are FSCA regulated?

@chris_4eva - 9 months ago

South African forex brokers like RCG Markets & Space Markets have R50 minimum deposits and both of these brokers are FSCA regulated.

@asamoah_the_great - 8 months ago

Quoted - chris_4eva

South African forex brokers like RCG Markets & Space Markets have R50 minimum deposits and both of these brokers are FSCA regulated.

I think FBK Markets has an even lower minimum deposit of R20 for their Micro Account and Vault Markets also has a R50 minimum deposit but I warn you: most of these brokers with R50 minimum deposit just want to lure you in as you may not be able to trade until your account balance is more than R50. I have friends who have had a similar experience with FBK Markets and they could not place a trade until their account balance was higher than the R50 deposit.

If you must go for a forex broker with R50 minimum deposit, I suggest you open a Micro Account so you will be allowed to at least trade micro lots.