The Top 8 South African Forex Brokers

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

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

Markets.com
AvaTrade
Pepperstone
FXTM
IG
Our Rating
8.17
8.33
9.17
6
6.67
77% of retail investor accounts lose money when trading CFDs with this provider.
79% of retail investor accounts lose money when trading CFDs with this provider
Active Trader Discounts
High leverage
76% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
Markets.com
AvaTrade
Pepperstone
FXTM
IG
ASIC (Australia)
FCA (UK)
Central Bank of Ireland
FSCA (South Africa)
Pending

Brokerage

Feature
Markets.com
AvaTrade
Pepperstone
FXTM
IG
EUR/USD Avg. Raw Spread
0.09
0.3 (ECN)
0.17
GBP/USD Avg. Raw Spread
0.38
0.5
0.6
EUR/USD Standard Spread
0.6
1.30 Retail
0.90 Professional
0.69
1.9 (Standard)
0.86
Commissions (USD Base)
AUD $3.50
USD $3.50
USD$2.00
Commission Rebates
Minimum Deposit
$250
USD $100
AUD $200
USD $200
USD$500
$450
Swap Free Account
No Inactivity Fees
Funding Methods
6
7
16
13
4
No Funding Fees

Markets and Instruments

Feature
Markets.com
AvaTrade
Pepperstone
FXTM
IG
Currency Pairs
120
55+
66+
59+
80+
Cryptocurrency CFDs
7
15+
12
4+
5+
Index CFDs
58
33+
14+
11+
34+
Share CFDs
3312
625+
300+
180+
12000+
Commodities CFD
36
30+
4+
3+
38+
Professional Leverage
300:1
400:1
500:1
200:1

Trading Platforms + Tools

Feature
Markets.com
AvaTrade
Pepperstone
FXTM
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Unique Feature 1
Unique Trading Tools
Choice of social trading tools
Smart Trader Tools
Floating leverage
Guaranteed stop loss orders
Unique Feature 2
Share Dealing
Fixed Spreads
Fast Execution Speed
Range of account types
Range of platforms

Overall