The Top 8 South African Forex Brokers

Here are the May 2021 best forex brokers in South Africa by fx trading category

  • markets.com logo Markets.com - Best South African Forex Broker 2021
  • pepperstone logo Pepperstone - Top Trading Spreads
  • fxtm logo FXTM - Highest Leverage (2000:1) SA FX Trading Account
  • Plus500 Plus500 - Top FSCA Regulated Forex Broker For Beginners
  • avatrade logo AvaTrade - Cheapest Forex Broker With Fixed Spreads
  • FxPro UK FxPro - Good Forex Broker With  ZAR Account
  • FXCM UK FXCM - Good No Commission Forex Broker Account
  • thinkmarkets logo ThinkMarkets - Best No Deposit FSB Trading Account


Markets.com
Pepperstone
FXTM
ThinkMarkets
IG
Our Rating
8.17
9.17
6
7.67
6.67
77% of retail investor accounts lose money when trading CFDs with this provider.
Active Trader Discounts
High leverage
75.5% of retail investor accounts lose money when trading CFDs
76% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
Markets.com
Pepperstone
FXTM
ThinkMarkets
IG
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending

Brokerage

Feature
Markets.com
Pepperstone
FXTM
ThinkMarkets
IG
EUR/USD Avg. Raw Spread
0.09
0.3 (ECN)
0.1
0.17
GBP/USD Avg. Raw Spread
0.59
0.5
0.6
EUR/USD Standard Spread
0.6
0.75
1.9 (Standard)
1.2
0.86
Commissions (USD Base)
AUD $3.50
USD $3.50
USD$2.00
£2.50 per side
Commission Rebates
Minimum Deposit
$250
AUD $200
USD $200
USD$500
£0
$450
Swap Free Account
No Inactivity Fees
Funding Methods
Wire transfer, Visa, MasterCard, Skrill, Neteller, PayPal
16
13
6
4
No Funding Fees

Markets and Instruments

Feature
Markets.com
Pepperstone
FXTM
ThinkMarkets
IG
Currency Pairs
120
66+
59+
38+
80+
Cryptocurrency CFDs
7
4+
4+
5+
5+
Index CFDs
58
14+
11+
21+
34+
Share CFDs
3312
5+
180+
1200+
12000+
Commodities CFD
36
4+
3+
10+
38+
Professional Leverage
300:1
500:1
500:1
200:1

Trading Platforms + Tools

Feature
Markets.com
Pepperstone
FXTM
ThinkMarkets
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Unique Feature 1
Unique Trading Tools
Smart Trader Tools
Floating leverage
Guaranteed Negative Protection
Guaranteed stop loss orders
Unique Feature 2
Share Dealing
Fast Execution Speed
Range of account types
Uptime record of 99.99%
Range of platforms

Overall