Best Forex Brokers Regulated By FSCA

See our list of forex brokers that have regulation for South African traders

  • Markets.com UK

    Markets.com – Best Forex Broker Overall For South African Traders

  • Pepperstone

    Pepperstone – Top MetaTrader 4 Forex Broker

  • FxPro UK

    FxPro – cTrader Trading Platform For Scalping

  • fxtm logo

    FXTM – Good Social Trading Platforms Available

  • ig markets logo

    IG – Largest Forex Broker For Retail Traders

  • Plus500 UK

    Plus500 – Best Broker With Risk Management

  • FXCM UK

    FXCM – Good Analysis Tools For Fundamentals

  • hotforex logo

    HotForex – Broker With High Leverage

  • avatrade logo

    AvaTrade – Best Forex Trading Education Academy

  • thinkmarkets logo

    ThinkMarkets – Best Mobile Trading Apps


Markets.com
Pepperstone
FXTM
IG
FXCM
Our Rating
8.17
9.17
6
6.67
6.38
73.9% 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
74.74% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Markets.com
Pepperstone
FXTM
IG
FXCM
FSCA (South Africa)
Pending

Brokerage

Feature
Markets.com
Pepperstone
FXTM
IG
FXCM
EUR/USD Avg. Raw Spread
0.16
0.3 (ECN)
0.17
0.3 (Active trader only)
GBP/USD Avg. Raw Spread
0.4
0.5
0.6
0.9 (Active trader only)
AUD/USD Avg. Raw Spread
0.27
0.5
0.3
0.4 (Active trader only)
EUR/USD Standard Spread
0.6
1.16
1.9 (Standard)
0.86
1.4
EUR/USD Fixed Spreads
Commissions (USD Base)
AUD $3.50
USD $3.50
USD$2.00
$3.00 (Active trader only)
Commission Rebates
Minimum Deposit
$250
AUD $200
USD $200
USD$500
$450
$50 (USD/AUD) Standard
$30,000 (USD/AUD) Active traders
Swap Free Account
Yes
No Inactivity Fees
Funding Methods
Wire transfer, Visa, MasterCard, Skrill, Neteller, PayPal
16
13
4
8
No Funding Fees

(wire withdrawals only)

Markets and Instruments

Feature
Markets.com
Pepperstone
FXTM
IG
FXCM
Currency Pairs
120
66+
59+
80+
39+
Cryptocurrency CFDs
7
4+
4+
5+
6+
Index CFDs
58
14+
11+
34+
13+
Share CFDs
3312
5+
180+
12000+
15
Commodities CFD
36
4+
3+
38+
9+
Stockbroking
10+
Retail Max. Leverage
300:1
500:1
1000:1 (FCS)
30:1 (FCA/CySEC)
FCA (30:1)
ASIC (200:1)
50:1 (CFTC)
50:1 (DFSA)
400:1 (Australia, South Africa)
30:1 (UK/Europe)
Professional Leverage
300:1
500:1
200:1
100:1 (UK/Europe)

Trading Platforms + Tools

Feature
Markets.com
Pepperstone
FXTM
IG
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Investment account only
MetaTrader 4 only

(via Zulu Trade)
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only

(UK/Europe)
Cross
(Australia)
Demo Account
Unique Feature 1
Unique Trading Tools
Smart Trader Tools
Floating leverage
Guaranteed stop loss orders
Large range of trading platforms
Unique Feature 2
Share Dealing
Fast Execution Speed
Range of account types
Range of platforms
Excellent performance and
slippage metrics supplied

Overall