Best Forex Brokers Regulated By FSCA

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

  • Pepperstone Pepperstone - Top MetaTrader 4 Forex Broker
  • fxpro logo FxPro - cTrader Trading Platform For Scalping
  • fxtm logo FXTM - Good Social Trading Platforms Available
  • IG IG - Largest Forex Broker For Retail Traders
  • Plus500 Plus500 - Best Broker With Risk Management
  • FXCM FXCM - Good Analysis Tools For Fundamentals
  • hotforex logo HotForex - Broker With High Leverage
  • AvaTrade AvaTrade - Best Forex Trading Education Academy
  • think markets logo ThinkMarkets - Best Mobile Trading Apps

FxPro
FXTM
Plus500
FXCM
Our Rating
7.46
6
5.83
7.93
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
77% of retail investor accounts lose money when trading CFDs with this provider
77% of retail CFD accounts lose money
66% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
FxPro
FXTM
Plus500
FXCM
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)
FSA (Seychelles)
FSC (Mauritius)
SCB (Bahamas)

Brokerage

Feature
FxPro
FXTM
Plus500
FXCM
EUR/USD Avg. Raw Spread
0.34
0.3
-
0.22
GBP/USD Avg. Raw Spread
0.43
0.5
-
0.80
AUD/USD Avg. Raw Spread
0.81
0.5
-
0.40
EUR/USD Standard Spread
1.52
1.9
-
-
EUR/USD Fixed Spreads
1.79
-
-
-
Commissions (USD Base)
$4.50
$2.00
-
$3.00
Minimum Deposit
$0
$500
$100
$300
Swap Free Account
No Inactivity Fees
Funding Methods
4+
13+
3+
8+
No Funding Fees

Markets and Instruments

Feature
FxPro
FXTM
Plus500
FXCM
Currency Pairs
69+
63+
71+
42+
Cryptocurrency CFDs*
30+
-
15+
7+
Index CFDs
24+
11+
67+
13+
Share CFDs
150+
180+
1816+
15+
Commodities CFD
21+
7+
22+
12+
Stockbroking
-
10+
-
-
Retail Max Leverage (Australia)
Major Pairs 200:1
30:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
-
300:1
300:1
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
30:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
200:1
300:1
300:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
30:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
200:1
300:1
300:1
500:1
Retail Max. Leverage (UAE)
-
30:1
-
-
Pro. Max. Leverage (UAE)
-
300:1
-
-
Retail Max. Leverage (Canada)
-
-
-
Major Pairs: 50:1
Minor Pairs: 33:1
Retail Max. Leverage (Singapore)
-
-
Major Pairs 20:1
-
Retail Max. Leverage (South Africa)
-
-
-
Balance:
0-50k 400:1
50k+ 200:1
Pro. Max. Leverage (South Africa)
200:1
-
-
-
Retail Max. Leverage (With offshore regulators)
200:1
Accounts:
Advantage & Advantage+ 2000:1
Micro Account 1000:1
300:1
Balance:
0-50k 400:1
50k+ 200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
FxPro
FXTM
Plus500
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
1,300,000 client accounts
Floating leverage
Trade cannabis index
Large range of trading platforms

Overall