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Brokerz
Rating: Rated with 4.5 stars
Binary Option Programs Award
Min. Deposit
$250
Min. Investment
N/A
Regulated Broker
No

Brokerz Review

  1. Brokerz

    Interested in trading with this broker? Make sure to do so through FXMasterBot – a free and reliable online trading software that connects you directly to Brokerz and all other brokers available for South African traders to choose from.

    Brokerz is a brand-new forex and CFD broker that offers South African investors a variety of accounts including demo and three different trading platforms to choose from.

    The real question is whether South African traders can really trust Brokerz or if they are yet another scam in the industry.

    Read our full review and honest verdict to find out.

    The 4 Account Types

    As mentioned above, Brokerz gives South African users the choice between four different trading accounts. As usual, the higher the deposit, the more extra features that are added.

    It is important to note here that the account features provided by Brokerz on their website are especially vague, so South African traders are encouraged to contact the broker directly to get specific information regarding trading conditions.

    To find out how to contact Brokerz, read our Customer Support section in this review.

    Below you will find all the features regrading each of the four Brokerz accounts.

    Classic Account –> $250 Minimum Deposit

    • Daily briefing & research
    • Desktop & mobile trader
    • Video tutorials

    Gold Account –> $3,000 Minimum Deposit

    • Daily briefing & research
    • Desktop & mobile trader
    • Video tutorials
    • Standard spread: 3 pips (+)
    • Fixed spread for EUR/USD (+)
    • Webinars & seminars (+)

    Platinum Account –> $10,000 Minimum Deposit

    • Daily briefing & research
    • Desktop & mobile trader
    • Video tutorials
    • Standard spread: 3 pips
    • Fixed spread for EUR/USD
    • Webinars & seminars
    • General account manager (+)
    • SMS news & signals (+)

    VIP Account –> $20,000 Minimum Deposit

    • Daily briefing & research
    • Desktop & mobile trader
    • Video tutorials
    • Standard spread: 3 pips
    • Fixed spread for EUR/USD
    • Webinars & seminars
    • General account manager
    • SMS news & signals
    • Premium daily analysis (+)
    • Premium customer care (+)

    Demo Account

    The broker also offers South African traders a free demo account, which you should definitely take advantage of. Demo accounts are perfect for complete beginners to develop their trading skills while practicing entirely risk-free and before even investing a single dollar. Experienced traders often also use demo accounts to test out the broker’s platform before making their first investment.

    A big advantage when it comes to Brokerz is that they provide unlimited use of their demo account, which is definitely useful. Most brokers out there have very specific time limits when it comes to demo accounts. They usually give you a few tries and then encourage you to invest money, whereas Brokerz shows that they care about your proper training.

    Trading Platform & Assets

    Brokerz gives South African investors the ability to trade CFDs in forex, stocks, indices and commodities through three available platforms: the MetaTrader 4, Web Trader or mobile app. It is up to you which trading platform you prefer.

    We have outlined each choice below.

    MetaTrader 4 (MT4)

    Any South African trader worth their salt is well aware of the MT4 platform. MT4 is the most widely used forex trading platform in the industry. It has reached the top due to its advanced features, leading technology and user-friendly interface. Even though the MT4 platform is commonly associated with more experienced traders, it is often used by complete beginners as well.

    To begin trading with Brokerz via the infamous MT4 platform, all you need to do is download the platform onto your desktop and log in using your Brokerz account information.

    WebTrader

    On the other hand, if you prefer to not download or install anything, you can always use the Brokerz WebTrader. As the name suggests, this is a web-based software that you can use directly when you log into your Brokerz account with only an internet connection. Brokerz uses the PandaTS platform, which is specially built for beginners.

    Mobile App

    Another user favorite is the Brokerz mobile app. By trading via an app, you can quickly check your trades on-the-go and not be limited by your PC or laptop at home. The Brokerz mobile app is available for both Android and IOS devices.

    Customer Support

    A professional customer support team is often overlooked in reviews, when in reality it is very important for any company. Brokerz provides South African users with several ways to contact them, depending on personal preference. You can reach them via email, phone or even live chat on their website.

    Company Info & Payment Methods

    Brokerz is owned and operated by the company Brokerz LTD, based in St.Vincent and the Grenadines. Specifically, Brokerz LTD is located at Suite 305, Griffith Corporate Centre, Beachmont, PO Box 1510 Kingstown, St. Vincent and the Grenadines.

    The payment methods accepted by Brokerz are either credit card (Visa, Mastercard) or bank wire transfer.

    Verdict: Is Brokerz Safe?

    After careful review of the broker in question, we have concluded that Brokerz seems like a safe broker to invest in as a South African trader.

    Tip: If you decide to trade with Brokerz, make sure to do so through FXMasterBot – a free and reliable online trading software that helps you trade with Brokerz with their world-class automated signals!

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