Loyalty Promotion

	Promotion	Status
	Vantage Loyalty Rewards	active
	Earn Infinite Loyalty Rewards	active
	Increase Your Trading Funds by 120% with a Loyalty Bonus	active
	Get Benefits from Fxview Loyalty Program	active
	Start Earning Rewards with Windsor Brokers Loyalty Programme	active
	HFM Trading Rewards Loyalty Program	active

Collect all relevant documents, communications, and transaction records related to the scam.

Some evidence you can gather are:

Alfa Forex owns dual licenses from Central Bank of Russia as well as CySEC. Therefore, they have sufficient legal background and compliant with the rules of client protection.
FINAM facilitates trading for several asset classes, including forex, shares, bonds, options, and futures, aside from banking.
VTB Forex proclaimed itself as the leader of forex market in Russia. The broker facilitates trading on 24 currency pairs (including rubles) through Metatrader5 with minimum transaction of 0.5 lot and maximum leverage 1:40.

We have compiled 10 best-performing forex brokers that are suitable for swing traders in South Africa.

IC Markets: IC Markets is particularly suitable for traders who value easy trading execution and low trading costs.
Exness: The broker is regulated by several trusted authorities such as the FSCA, FCA, and CySEC.
Khwezi Trade: Khwezi Trade supports Rand-based forex and CFD trading with a wide range of trading instruments.
FXTM: The broker supports MetaTrader 4 and 5 as trading platforms, both of which can be accessed from various devices such as PC, laptops, tablets, and/or mobile phones.
FBS: Traders can open a trading account with only $1 and there is no inactivity fee.
AvaTrade: When it comes to trading fees, AvaTrade offers a fixed spread of 0.9 pips per trade.
FxPro: The broker also provides customer service that responds quickly and is able to provide relevant answers in multiple languages.
FP Markets: One of the greatest advantages of this broker is that it uses true ECN bridges and advanced technology.
Pepperstone: Pepperstone is often considered to be the best broker in Australia that's suitable for almost any kind of trader including swing traders.
HF Markets: Conveniently, HF Markets offers a ZAR trading account for South African traders as well as USD and EUR accounts.

Accordingly, there are two major reasons why many forex brokers opt for multiple licenses:

To comply with regulatory frameworks in the countries where they offer trading services.
To maintain market integrity and build investor confidence in the company.

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