Forex trading has become one of the most lucrative financial markets globally, attracting millions of traders seeking to build wealth by trading currency pairs. In Africa, a growing number of traders have emerged as influential figures in the Forex industry, achieving remarkable success. These individuals have not only made significant profits through their trading skills but also contributed to the education and mentorship of new traders across the continent.
In this article, we will explore the top 10 Forex traders in Africa, highlighting their journeys, achievements, and impact on the Forex trading community.
1. Sandile Shezi (South Africa)
Sandile Shezi is arguably the most famous Forex trader in South Africa and one of the youngest millionaires on the continent. He gained attention by risking his university tuition money to start his Forex trading journey—a gamble that paid off handsomely.
Key Achievements:
Founder of Global Forex Institute (GFI), which provides Forex training and mentorship.
Net worth: Estimated at $2.3 million (2023).
Philanthropy: Shezi is known for promoting financial literacy and offering mentorship to young traders across Africa.
Shezi’s story of taking risks and betting on himself has made him an inspiration for many young Africans interested in trading .
2. Ref Wayne (South Africa)
Ref Wayne is a Forex trader and entrepreneur who started trading at the age of 16 and quickly made a fortune. He has also been a pioneer in digital currency, having founded Pipcoin, Africa’s first cryptocurrency.
Key Achievements:
Founder of African Forex Institute (AFI) and Pipcoin.
Net worth: Estimated at $1.5 million (2023).
Educational focus: Wayne offers free Forex trading courses to help young Africans enter the market.
Wayne’s innovative approach to combining Forex and cryptocurrency has helped him stand out as a forward-thinking trader .
3. Jabulani Ngcobo (Cashflow Ngcobo, South Africa)
Jabulani Ngcobo, known as Cashflow Ngcobo, is one of the leading Forex traders in Africa. He started trading Forex while working in the retail sector and eventually founded Cashflow Pro, a financial education company.
Key Achievements:
Founder of Cashflow Pro, which provides trading mentorship and educational resources.
Net worth: Estimated at $2.5 million (2023).
Influence: Ngcobo’s courses and mentorship programs have helped thousands of young traders across Africa.
Ngcobo’s journey from humble beginnings to financial success has made him one of the most respected figures in the African trading community .
4. Shaun Benjamin (South Africa)
Shaun Benjamin became a millionaire at the age of 21 through Forex trading. He is the founder of Benjamin Forex Academy, which provides educational resources and mentorship to aspiring traders.
Key Achievements:
Founder of Benjamin Forex Academy, an educational platform for traders.
Net worth: Estimated at $1 million (2023).
Philanthropy: Benjamin is passionate about helping others achieve financial independence through Forex trading.
Benjamin’s ability to make substantial profits at a young age has inspired many young traders to follow in his footsteps .
5. Louis Tshakoane (South Africa)
Louis Tshakoane is a successful Forex trader and the founder of Undercover Billionaires, a platform that helps individuals build wealth through trading and investments.
Key Achievements:
Founder of Undercover Billionaires, a mentorship program for aspiring traders.
Net worth: Estimated at $1.3 million (2023).
Author: Tshakoane has written books about financial success, providing insights into wealth-building strategies.
Tshakoane’s focus on financial literacy and mentorship has made him a leading figure in the African Forex community .
6. Nelisiwe Masango (South Africa)
Nelisiwe Masango is one of the few female Forex traders to have achieved significant success in Africa. She is the founder of Bear Run Investments and a champion for empowering women through financial education.
Key Achievements:
Founder of Bear Run Investments, focusing on Forex trading and investment strategies.
Net worth: Estimated at $1 million (2023).
Advocate for women: Masango’s work in promoting financial literacy for women has made her a role model for female traders.
Masango’s contributions to the financial education of women have earned her respect across the African trading community .
7. Sphelele Mkhize (Sgumza, South Africa)
Sphelele Mkhize, also known as Sgumza, is a well-known Forex trader and the founder of Smart FX, a mentorship program aimed at helping young traders succeed in the market.
Key Achievements:
Founder of Smart FX, providing Forex mentorship and educational resources.
Net worth: Estimated at $900,000 (2023).
Mentorship: Mkhize’s dedication to teaching others has made him a popular figure in the South African trading community.
Mkhize’s straightforward approach to trading education has made him a trusted mentor for aspiring traders .
8. Kgopotso Mmutlane (DJ Coach Tsekeleke, South Africa)
Kgopotso Mmutlane, also known as DJ Coach Tsekeleke, has built a significant following through his successful Forex trading and mentorship. He is the founder of Forex Broker Killer (FBK).
Key Achievements:
Founder of Forex Broker Killer (FBK), a platform for Forex education and mentorship.
Net worth: Estimated at $850,000 (2023).
Popular figure: Mmutlane’s Instagram presence and public speaking engagements have made him a recognizable name in the trading world.
Mmutlane’s success in Forex trading, combined with his passion for mentorship, has made him a standout figure .
9. Simz D’Mandla (South Africa)
Simz D’Mandla is a successful Forex trader and entrepreneur. He is the founder of Trade4Africa, an educational platform that helps young Africans navigate the Forex market.
Key Achievements:
Founder of Trade4Africa, which focuses on Forex trading education.
Net worth: Estimated at $800,000 (2023).
Philanthropy: D’Mandla is committed to helping young Africans build wealth through trading.
D’Mandla’s success story and commitment to financial education have made him an influential figure in the Forex trading scene .
10. Andile Mazwai (South Africa)
Andile Mazwai is a seasoned Forex trader, investor, and entrepreneur. While his primary focus has been on investments, he has also achieved success in Forex trading.
Key Achievements:
Investor and entrepreneur: Mazwai has diversified his portfolio beyond Forex into various investments.
Net worth: Estimated at $600,000 (2023).
Business acumen: Mazwai’s experience in financial markets has helped him build a well-rounded investment portfolio.
Mazwai’s broad investment experience makes him a valuable figure in the African trading community, especially for those looking to combine Forex with other investments .
Conclusion
The Forex traders highlighted in this article have not only achieved financial success but have also contributed to the growth and education of the African trading community. From young self-made millionaires like Sandile Shezi and Shaun Benjamin to trailblazing women like Nelisiwe Masango, these traders are leading the way for future generations of African traders.
For aspiring traders, the key takeaway is the importance of education, mentorship, and discipline. By learning from these top traders, you can develop the skills and strategies needed to succeed in the competitive world of Forex trading.
