Khwezi Trade — where it wins, where it loses
Khwezi Trade does not currently take a column outright against this field. It loses on tier-1 cover, published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where Khwezi Trade takes the field outright.
Loses on
- tier-1 cover
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| FSCA | 44816 | South Africa | Tier 2 | AT Global Markets SA (Pty) Ltd (formerly Khwezi Financial Services, trading as Khwezi Trade) | fsca.co.za |
Checkable
Facts the comparison runs on
On the record
- Khwezi Trade is (was) a trading division of Khwezi Financial Services, an authorised financial services provider FSP 44816 and licensed OTC Derivatives Provider (own site FSP disclosure).
- ATFX announced the acquisition of Khwezi Financial Services, a licensed ODP in South Africa; the licence FSP 44816 now sits with AT Global Markets SA (Pty) Ltd (ATFX company news).
- The khwezitrade.co.za homepage currently presents ATFX South Africa branding and states the company has officially changed its name to AT Global Markets SA (Pty) Ltd, operating under the ATFX brand for the Africa region.
- The archived open-an-account page states account opening is paused while the regulatory and operational integration process completes, directing new sign-ups to ATFX Africa.
- The archived site's account page listed a ZAR One account with a minimum deposit of R500 and maximum leverage of 1:400 on MT5 (pre-integration figures).
| Trading since | 2013 |
|---|---|
| Base | Cape Town, South Africa (Office 1801B, 18th Floor Portside Tower, 4 Bree Street) |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | MT5 |
| Account tiers | ZAR One, Demo |
| Markets | Forex, Indices, Commodities, Metals, Energy CFDs |
| Record confidence | medium |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- minDeposit: archived R500 figure predates the ATFX integration; current requirement not verified
- maxLeverage: archived 1:400 figure predates the ATFX integration; current maximum not verified
- spreadEurusd not verified
- segregatedFunds not verified in current legal text
- negativeBalanceProtection not verified in current legal text
- founded 2013 per directories (ATFX/Khwezi materials say 'since inception 2013'); exact registration date not register-verified
Costs less
Who beats Khwezi Trade on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.