Is Xtb regulated in South Africa?

Is Xtb regulated?

XTB Ltd is authorised and regulated by the Financial Conduct Authority. As such, we treat the protection of Client Money in strict accordance with the FCA’s rules and regulations.

Is CFD trading legal in South Africa?

Overall Summary of CFD Brokers in South Africa

⚖️ Is it legal to trade CFDs? Yes, it is 100% legal.

Is FX Pro regulated in South Africa?

FxPro Financial Services Limited is authorised and regulated by the South Africa Financial Sector Conduct Authority (authorisation number 45052). The FSCA is the independent supervisory and regulatory authority for the non-banking services industry in South Africa.

How good is XTB?

XTB is considered low-risk, with an overall Trust Score of 95 out of 99. XTB is a publicly traded company that is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust).

Is XTB a market maker?

XTB Ltd is not a market maker and has no dealing desk. XTB Ltd is a matched principle broker and sends all trades automatically to our parent company X-Trade Brokers DM, which is our liquidity provider and trades are executed automatically without any manual intervention from any dealing desk.

Is XTB ECN broker?

XTB does not offer ECN accounts (See brokers with ECN accounts here)

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Does XTB have negative balance protection?

We offer Negative Balance Protection (NBP) for our UK/EU retail clients under XTB Limited. Negative balance protection means that you cannot lose more than your account balance. Simply we guarantee that your account will not go negative. If you still need help with your question, let us know in the chat.

What is the best trading platform in South Africa?

Best Online Trading Platforms South Africa 2021 List

  • FXVC – Overall Best Stock Broker in South Africa.
  • – Overall Best and Cheapest Online Trading Platform South Africa.
  • AvaTrade – Trusted South Africa Trading Platform with MT4/5.
  • VantageFX – Best Forex Trading Platform in South Africa.

How are CFDs taxed in South Africa?

The South African Revenue Service (SARS) treat profits from CFD trading as gross income, meaning tax may be payable under the Income Tax Act. Note expenses can be deducted from gross income. Keeping a detailed record of trades will help make declaring profits on annual tax returns more straightforward.