FxView, a part of the Finvasia Group, has established itself as a prominent player in South Africa’s financial market. This article provides an in-depth look at FxView’s offerings and operations in South Africa.
Regulatory Status and Security
FxView operates under the regulatory oversight of the Financial Sector Conduct Authority (FSCA) in South Africa. The broker’s FSCA license number is 50410, providing a layer of credibility and security for South African traders.
Key security features:
- Segregated client funds
- Negative balance protection
- Robust data encryption
Trading Accounts
FxView offers two main account types for South African traders:
- Raw ECN Account
- Islamic Account (Swap-free)
Table: Account Comparison
| Feature | Raw ECN | Islamic |
| Minimum Deposit | $50 | $50 |
| Spreads | From 0.0 pips | From 0.0 pips |
| Commission | $1/100K | $1/100K |
| Leverage | Up to 1:500 | Up to 1:500 |
| Execution | ECN | ECN |
Available Markets
South African traders can access a diverse range of financial instruments through FxView:
- Forex: 70+ currency pairs
- Stocks: 392 individual equities
- Indices: 11 major global indices
- Commodities: Including gold, silver, and oil
- Cryptocurrencies: 5 major crypto assets
Trading Platforms
FxView provides access to industry-standard platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- ActTrader
Each platform offers:
- Real-time quotes
- Multiple chart types
- Technical analysis tools
- Mobile trading options
Educational Resources
FxView provides educational tools to support South African traders:
- Trading glossary
- Market news updates
- Video tutorials
- Webinars
- Economic calendar
These resources cater to both novice and experienced traders, fostering continuous learning and skill development.
Deposit and Withdrawal Methods
FxView accommodates various payment options for South African clients:
Deposit methods:
- Bank transfer
- Credit/Debit cards (Visa, MasterCard)
- E-wallets (Skrill, Neteller)
- Cryptocurrencies
Withdrawal methods mirror the deposit options, ensuring convenience for traders.
Customer Support
FxView offers multi-channel support for South African clients:
- Live chat: Available 24/5
- Email: Dedicated support for different inquiries
- Phone: Direct line for urgent matters
- FAQ section: For quick answers to common questions
Support is provided in English, catering to the diverse South African market.
Additional Features
FxView offers extra tools to enhance the trading experience:
- Social trading via ZuluTrade
- MAM/PAMM accounts for fund managers
- VPS hosting for automated trading
- Economic calendar for market analysis
These features provide additional avenues for traders to diversify their strategies and potentially improve their trading outcomes.
Trading Conditions
FxView aims to provide competitive trading conditions for South African traders:
- Leverage: Up to 1:500 (subject to FSCA regulations)
- Spreads: Starting from 0.0 pips
- Minimum trade size: 0.01 lots
- Maximum trade size: 100 lots
These conditions allow for flexible trading strategies, suitable for various trading styles.
Steps to Open an Account with FxView in South Africa
- Visit the FxView website
- Click on “Register Now”
- Fill in personal details
- Choose account type (Raw ECN or Islamic)
- Upload verification documents
- Fund your account
- Start trading
The process is designed to be straightforward, allowing South African traders to begin their trading journey quickly.
Risk Management Tools
FxView provides several risk management features:
- Stop Loss orders
- Take Profit orders
- Trailing Stop orders
- Negative balance protection
- Margin call alerts
These tools help South African traders manage their exposure and protect their capital in volatile market conditions.
Reviews
Below you can read testimonials about our platform:
“I’ve had a demo account with 1-2 brokers for a while including fxview, but lately I was looking to open a live account. After considerable research, I leaned towards fxview simply because of regulation, instant execution(most important) and low cost. Happy that i got exactly what i was looking for.” – Adlar Windriver
“I could not be happier with my Broker choice. FXView is an affordable broker with so much on offer!” – John
“I’ve been using fxview for a good enough time now, and never had a problem that required help from customer support. The platform is stable and the spreads are good. I mostly like that they are transparent about their services and not heavy on the pocket either.” – Waldemar Faringray
“I read the reviews and decided to follow up. I am very happy I did! FXView is everything I signed up for.” – Matt
“The customer support is quite responsive and has helped me out almost everytime i have reached out to them, so I feel much more relieved when issues are resolved. Kudos to the Fxview team.” – Nancy Cox
FAQ
The minimum deposit is $50 for both Raw ECN and Islamic accounts. This low entry point makes FxView accessible to a wide range of South African traders.
Yes, FxView provides free demo accounts. These accounts allow traders to practice strategies and familiarize themselves with the trading platforms without risking real capital
Withdrawal processing times vary depending on the method chosen. E-wallet withdrawals are typically processed within 24 hours, while bank transfers may take 1-5 business days. FxView aims to process all withdrawal requests promptly to ensure client satisfaction.
