Top 10 Richest Forex Traders In South Africa

Wealthiest forex traders in South Africa: Forex Trading has risen in popularity across the world; many have come and gone, but few have conquered. In this article, we celebrated those who have come, seen, and conquered the world of forex. We want to draw inspiration from South African traders who can stand their ground and hold their own anywhere in the world, and who are shining examples of what success can come through dedication, hard work, and perseverance. 

The following are the richest forex traders in South Africa, some hints about their wealth, and a few lessons that we can learn from them. 

Top 10 Richest Forex Traders In South Africa

  • Sandile Shezi

Sandile Shezi is a good example of a bad boy that became successful; he put his college tuition money into forex. Today, Sandile Shezi is not only one of the richest forex traders in South Africa, he is also one of the most notable; marketers and brokers flock around him daily, courting him to make appearances and speak at their events. His face, his story probably brings him as much money as trading. 

Sandile Shezi now teaches forex through his Global Forex Institute where he seeks to mold the minds of future traders who can also conquer the markets. Part of his teaching is to help young traders develop their own trading strategies, rather than depend on those developed by other traders.

  • George Van Der Riet

George Van Der Riet did not come from the ghetto, but his success story is not any less inspiring than the one above him. He studied the market and then decided to make it his career. George Van Der Riet left Cape Town where he was born, raised, and furthered his studies in Manchester where he studied Finance and worked closely with banks and other financial institutions.

George Van Der Riet works closely with Sandile Shezi at the Global Forex Institute. Together, they work to train new traders in the way they go. 

  • Ref Wayne

Ref Wayne left his job when he found career advancement opportunities hard to come by. He learned forex and even developed his own trading system. He is today noted as one of the best forex traders in South Africa. He joined the rich list when he was only 22 years old and has continued to prove himself as worthy of that listing.

Ref Wayne is one of the wealthiest forex traders in South Arica, also a visionary entrepreneur, he created South Africa’s very first cryptocurrency named Pip Coin. No need to tell you what that means. Ref Wayne also teaches Forex through his African Forex Institute, and he has done some not for profit mentorship by giving out free lessons. 

  • Jabulani Ngcobo

Jabulani Ngcobo was born in 1985. He a forex trader, mentor, teacher, and author. Apart from being one of the top richest and most influential forex traders in South Africa, Jabulani Ngcobo prides himself as being a self-made millionaire. His book Cashflow Naked is a biography and a lesson of financial education. Sources put his net worth at $2.4 billion making him one of SA’s wealthiest forex brokers.

  • Louis Tshakoane

Louis Tshakoane is a young forex millionaire based in South Africa. He is one of the biggest and richest forex traders in South Africa and the founder and president of Undercover Millionaire’s Currency. He is said to be worth more than R4 Million, and his latest book Forex Millionaire in 365 Days by God’s Grace has officially sold more than 2 million rands.

He is also one of the hottest on social media; he has major subscribers on almost every social media platform, and he sends trading signals to paid subscribers.

  • Simz D’ Mandla

Simz D’ Mandla grew up in Gauteng. He is a well recognized and influential forex trader in South Africa.  Apart from being a top Forex Trader, Simz Mandla is the CEO & Founder of and The African Millionaires Den. He is a chart analyst, a signal provider, a wealth coach, a motivational speaker, and Philanthropist. Simz D’ Mandla made his first million before he was 21. 

  • Louis Tshakoane Junior

Louis Tshakoane Junior showed that he is one of the brightest stars in South Africa when he started his first business as a teenager. Today, he is one of the richest and most profitable forex traders in South Africa. He has also given back to the community through many community outreach programs. He teaches forex, he opened a gymnasium to help the youth stay away from crime, and he has also worked as a missionary, trying to raise the faith of the young ones in his area.

  • Shaun Benjamin

Shaun Benjamin is a famous forex trader in South Africa. He too earned his first million Rands at 21 years, and that inspired him to quit his job and start the Benjamin Forex Academy. Buoyed on by that success he went on to establish the Benjamin Investment Group. He is a qualified miner, property investor, and entrepreneur.

  • Nelisiwe Masango

Nelisiwe Masango spent her early youth dreaming about becoming a neurosurgeon but found herself developing a fascination with the Financial markets and finding herself among the richest forex traders in South Africa. She is the director of the Forex trading company known as Bear Run Investments. She is an inspiration to many forex traders, as her success has served as an example of what a woman can do when she puts her mind to it.

Nelisiwe Masango went on to establish two business enterprises; “Female and Finances” through which she teaches financial awareness and security amongst the women in South Africa, and then her other initiative which is “Gentle Hands Agency,” through which he helps people who are suffering from the lack of the job opportunities.

  • Paballo Nkwe and Danielle Lester

Paballo Nkwe and Danielle Lester are two capable women who combine their intelligence and skills into a profitable forex trading enterprise. Together they own iSelect Wealth, which is their trading and investments management company.  Apart from their daily trading activities, the two women have a program where they visit universities in the country, teaching young women the skills they need to become successful forex traders and entrepreneurs.

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The last 10 years have seen an unprecedented rise in popularity; many people across the world have been drawn in by the prospect of making huge sums of money with the click of a mouse. However, experience has shown that with that prospect of making huge gains comes the possibility of throwing it all away, and even losing all of one’s capital.

  To trade successfully one needs a good strategy, and the patience to execute it. Even the best strategy will sometimes make losses, and how you handle those losses will determine your overall success in trading. Therefore, before investing your money into forex or any form of futures or derivatives trading, make sure you learn from an experienced master. After that, convince yourself of your abilities with months of demo trading. When you are sure that you can be consistently profitable, then you can go ahead to trade with real money.

Failure to follow the precautions above will lead to sorrow and tears. Be warned! Do not listen to the marketers and strategy sellers telling you that you can make huge gains immediately, just by clicking buttons on your computer screen. Trading is risky; 85 percent of traders lose their money. Your capital is at risk. 

Tag: Richest Forex Brokers In South Africa

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