8 Richest and Best Forex Traders in South Africa ☑️ (2023*)

We reveal the best professional and YOUNGEST millionaire forex traders in South Africa.

These traders have perfected the art of trading forex and CFDs. Motivational and Educational – A must-read overview of the 8 top Richest Forex Traders in South Africa, to date with some upcoming traders to take note of.

? Traders Names	? Successes	?Estimated Net Worth
? Jabulani Ngcobo	Author of Cashflow Naked.	R41,486,603,000
? Shaun Benjamin	Founder of the Benjamin Forex Academy.	R1,698,470,000
? Ref Wayne	Created the first South African cryptocurrency named Pip Coin.	R8,797,000,000
George Van Der Riet	Leader of the Global Forex Institute.	R350,000,000
Louis Tshakoane	Founder and president of Undercover Millionaire’s Currency.	Net worth is not publicly available
Nelisiwe Masango	CEO of Ubuntu Invest.	R34,505,000
Paballo Nkwe	Co-owner of iSelect Wealth.	Net worth is not publicly available
Danielle Lester	Co-owner of iSelect Wealth.	Net worth is not publicly available

8 Best Forex Traders in South Africa (2023)

Jabulani Ngcobo
Shaun Benjamin
Ref Wayne
George Van Der Riet
Louis Tshakoane
Nelisiwe Masango
Paballo Nkwe
Danielle Lester

Upcoming Trader: Roelof Loots

Jabulani Ngcobo

Jabulani Ngcobo was born in 1985 is currently one of the richest Forex traders in South Africa to date. Jabulani Ngcobo is a self-made millionaire and the author of Cashflow Naked, a biography and a lesson of financial education.

Jabulani Ngcobo’s net worth is estimated at $2.4 billion.

Shaun Benjamin

Shaun Benjamin has earned his first million Rand at 21 years of age and studied engineering after graduating from Newcastle High School back in 2012. Due to circumstances he was led to start trading FOREX, and he ended up quitting his job after raising enough funds to found the Benjamin Forex Academy.

23-year-old Shaun Benjamin is not only the founder and CEO of Benjamin Forex Academy but also the director of the Benjamin Investment Group (Pty) Ltd, a qualified miner, property investor, and entrepreneur.

He matriculated from Newcastle High School in 2012 and was accepted to study engineering, but had to abandon his studies because of a lack of finances.

Shaun Benjamin secured leadership through Khethekile Mining in Newcastle and obtained a National Certificate in underground coal blasting operations. He started trading Forex. Shaun Benjamin eventually quit his job when he had saved enough money, and founded Benjamin Forex Academy to teach others the skills he had acquired.

Benjamin Forex Academy is the only non-profit training center in South Africa, aiming to help others attain financial freedom and to curb unemployment.

Ref Wayne

Ref Wayne is the best and most successful Forex trader in South Africa. Ref Wayne has developed the trading skills that he could transfer into the business after he was suffering from a lack of career development opportunities growing up. This became his main driving force to put a lot of effort into trading and he became a multimillionaire, joining the ranks of top 10 forex traders in South Africa when he was only 22 years old.

Ref Wayne has created the first South African cryptocurrency named Pip Coin and is an entrepreneur that puts a lot into providing proper financial education to the South African population. Ref Wayne has created the African Forex Institute and released some free Forex lessons for the community.

George Van Der Riet

George Van Der Riet steadily learned about the market before making his first investments. Van Der Riet was born and raised in Cape Town and furthered his studies in Manchester where he studied Finances. Through his years spent in the United Kingdom, he worked in financial institutes such as banks and the Forex industry, and it is these experiences that helped him to become a successful professional in the forex industry.

Currently, George Van Der Riet is leading the Global Forex Institute together with Sandile Shezi and they both aim to help young people in South Africa to get more knowledge about the financial markets.

Louis Tshakoane

Louis Tshakoane is a young millionaire based in South Africa and the founder and president of Undercover Millionaire’s Currency. Louis Tshakoane’s goal was to create a network base for business people to communicate ideas and strategies, giving back to the community.

World-renowned Prophetic Forex Trader Louis Jr Tshakoane has officially crossed R2+ Million in revenue and sales from his latest book Forex Millionaire in 365 Days by God’s Grace. The book has sold well thanks to his massive loyal African following gathered over the past 5 years and has 2000+ pre-ordered copies sold online.

Louis Tshakoane has over 1 million social media followers on Facebook and Instagram and he has also started a free prophetic forex signals telegram channel with over 5000 subscribers, providing forex signals for free to those who can’t afford to pay for the expensive premium signals on the market.

Nelisiwe Masango

Nelisiwe Masango is the CEO of the Forex trading company – Ubuntu Invest. In her younger years, Nelisiwe was planning on becoming a neurosurgeon but she developed a love for finances and investment instead. Nelisiwe Masango has won multiple awards, including the prestigious Frost & Sullivan African Growth Innovation & Leadership Award, alongside the founder and CEO of Discovery, Adrian Gore.

Nelisiwi has made it her personal mission to help educate people in financial freedom and wealth generation.

Paballo Nkwe and Danielle Lester

Paballo Nkwe and Danielle Lester is a powerful female duo and game-changers for the Forex industry in South Africa. Paballo Nkwe and Danielle Lester are both in their 20s and own a company together – iSelect Wealth. Paballo Nkwe and Danielle Lester mentor individuals, start-ups, South Africa forex traders, and companies and have created models and platforms by using technologies and financial intelligence, and these platforms and models can be used by anyone.

Paballo and Danielle have an incubation program, where they visit women in South African Universities to teach them about finances and help them develop financial intelligence, and teach Forex trading and ways to make future investments.

Conclusion

Overall, the 8 Best Forex Traders in South Africa is a great example of the popularity of Forex trading. The country represents one of the best places for traders to start and have a successful trading career.

Frequently Asked Questions

How much do successful traders in South Africa make per day?

There are many successful South African forex traders who make between $1000-$5000 per day (R 15 000 – R 75 000 ZAR) at the current exchange rate at the time of writing; however it is recorded that the average trader in South Africa makes about $50 / R 433 ZAR a day.

Will I have to pay tax on my forex earnings in South Africa?

Yes, forex earnings is subject to tax in South Africa and it includes profits generated from offshore forex trading accounts.

How do I become a successful trader?

Some basic steps include: Familiarize yourself with the Forex “lingo”, Doing your homework before selecting a broker and selecting the one that best suits your needs, Learning as much as you can about the world economy, Practice, practice and practice with demo account before trading with a real live account.