Jamesty
In 2025, South Africa’s forex trading scene is still going strong, thanks to a young, tech-savvy population that wants to be financially free. The Financial Sector Conduct Authority (FSCA) has made the country Africa’s best place to trade currencies. Retail forex volumes have skyrocketed this year because to mobile apps and easy-to-use instructional sites. In the middle of this boom, a small group of traders has become well-known for making a lot of money by sticking to strict rules, coming up with new ways to minimize risk, and promising to teach the next generation. These people not only show what it means to be successful, but they also inspire others by turning small beginnings into enterprises worth millions of rand.
List Of Top 10 Richest And Most Successful Forex Traders in South Africa 2025
1. Jacobus Majola
Jacobus Majola, who is from Cape Town, is a great example of someone who is self-taught and strong. He started with very little money in February 2021 and learned how to use technical analysis and market patterns to establish a strong portfolio. Majola’s technique stresses being patient and sticking to the plan, and during times of extreme volatility, he generally focuses on key pairs like EUR/USD. In addition to trading, he is a humanitarian and motivational speaker who has helped thousands of people through free webinars. His rise from a beginner to a billionaire trader shows how important discipline is in forex.
2. Ref Wayne
Ref Wayne (Refiloe Nkele) is still the unquestioned king of South African forex in 2025. He left school at 15, started trading, and by 19 he was a millionaire on his own. Wayne started the African Forex Institute and wrote The Art of Trading. He also created Pipcoin, Africa’s first cryptocurrency. His Armageddon Trading System combines technical indicators with psychological insights to make money on GBP/USD and XAU/USD all the time. Wayne’s philanthropy—free youth training programs—has changed the way people think about money all over the continent. His net worth has grown because of his many business enterprises.
3. Nkosi David
Nkosi is based in Johannesburg. In March 2021, David became a full-time trader, using his skills as an entrepreneur to make money by swing trading on exotic pairings. David’s strength is in coaching; more than 5,000 people who want to be traders have learned from his social media posts and interviews. He says that people should invest in more than only forex and also in commodities. He says that his success is due to his ability to stay calm throughout market fluctuations. In 2025, his CashFlow Pro academy has more students than ever before, making him a pillar of the community.
4. James Naidoo
James Naidoo from Durban is a technical analysis expert who is known for his signal services that give very accurate entries on USD/ZAR. He came into the scene in 2020 and made his money by sharing his honest travels, including victories and disappointments, on the internet. Naidoo’s mentorship programs focus on risk-reward ratios, which assist beginners avoid frequent mistakes. His down-to-earth style, which doesn’t rely on hype, has earned him recognition in trading circles. In 2025, he released his own software for real-time analysis.
5. Sandile Hlongwane
Sandile Hlongwane’s growth since June 2021 is a great example of how to recognize trends. He uses both technical and fundamental analysis to find entry points on AUD/JPY, taking into account geopolitical developments to avoid USD supremacy. Hlongwane’s efforts to help rural traders, like courses on how to read economic data, have made them better. His portfolio’s increase in 2025 shows that he was able to react to changes in the world, such as rising interest rates. This shows that focusing on a specialization can lead to big returns.
6. Thomas Mthethwa
Thomas Mthethwa, who is from Johannesburg, made his debut in March 2021 by trading non-USD exotics such CAD/CHF and NZD/CHF. His academy focuses on psychology and risk management, and it offers personalized mentorships that have an 80% success rate for graduates. Mthethwa’s clear concept of broadcasting live transactions has made forex less mysterious for regular South Africans. His webinar series on emotional discipline became quite popular in 2025, making him an honest teacher in a field full with scammers.
7. Jan Mabaso
Kimberley’s Jan Mabaso has been trading AUD/NZD and XAU/USD since August 2021 and loves using candlestick patterns and support/resistance levels. His method for taking advantage of volatility, which is backed by stringent stop-losses, has led to sustained returns. Mabaso’s social media presence is inspiring since it offers free materials and emphasizes long-term planning above short-term successes. His training platform has taught more than 2,000 traders by 2025, creating a new generation of disciplined professionals in areas that don’t have enough of them.
8. Mandla Mathebula
Mandla Mathebula’s new way of teaching makes hard ideas easier for everyone to understand. He has been trading key pairs like EUR/USD and GBP/USD since March 2021, and he uses price action and indicators to develop systems that change over time. As a teacher, his workshops on risk techniques have made pro-level skills available to everyone. Mathebula’s plans to expand into fintech apps in 2025 show that he is always thinking ahead. He is a link between old-fashioned trading and new digital technology.
9. Tshepo Zwane
Tshepo Zwane from Gqeberha is an index expert who has been using FX strategies on DE30, US30, and US100 since August 2021. His momentum-based method takes advantage of changes in trends by combining fundamentals and technicals. Zwane’s lectures teach people how to be disciplined in their trading and advise them against making deals on a whim. His classes have given women more authority in trading since 2025, which has increased diversity and earned him praise as a holistic mentor.
10. Peter Adams
Peter Adams is the last person on the list, and he knows a lot about minors like AUD/CAD and EUR/JPY. He works in Maputo but is well connected to South African markets. Since 2021, he has changed his techniques to deal with volatility. Adams’ online classes and mentorships are all about how the market changes, and live sessions show how people adjust to those changes. His net worth rise in 2025 comes from having a variety of investments, which makes traders see forex as a skill they can use for life.
