Top South Africa Forex Brokers

The best forex brokers for South Africa forex trading are either locally FSCA or ASIC regulated:

  • Pepperstone Pepperstone - Best Forex Trading Platforms
  • FxPro UK FxPro - Great FSCA Regulated Forex Broker
  • IG IG - Top Range Of Financial Instrument Broker
  • FXTM FXTM - Best Foreign Exchange Broker Customer Service
  • Plus500 Plus500 - Our Best Forex Broker For Beginner Forex Traders
  • FXCM FXCM - Top Social Trading CFD Broker
  • IC Markets IC Markets - Broker With Competitive Spreads
  • Markets.com Markets.com - Best South African Forex Broker Overall

Pepperstone
FxPro
FXCM
IG
Our Rating
9.17
7.46
7.93
6.67
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
66% of retail investor accounts lose money when trading CFDs with this provider
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
FxPro
FXCM
IG
ASIC (Australia)
FCA (UK)
MAS (Singapore)
NFA or CFTC (USA)
FSCA (South Africa)
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
CBI (Ireland)
SCB (Bahamas)
BMA (Bermuda)
Other Regulators

Brokerage

Feature
Pepperstone
FxPro
FXCM
IG
EUR/USD Avg. Raw Spread
0.17
0.55
0.22
0.17
GBP/USD Avg. Raw Spread
0.59
0.46
0.80
0.59
AUD/USD Avg. Raw Spread
0.24
0.76
0.40
0.3
EUR/USD Standard Spread
0.75
1.40
-
0.86
EUR/USD Fixed Spreads
-
1.69
-
-
Commissions (USD Base)
$3.50
$4.50
$3.00
-
Minimum Deposit
$0
$0
$300
$450
Swap Free Account
No Inactivity Fees
Funding Methods
16+
4+
8+
4+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FxPro
FXCM
IG
Currency Pairs
62+
69+
42+
100+
Cryptocurrency CFDs*
12+
30+
7+
12+
Index CFDs
14+
24+
13+
34+
Share CFDs
300+
150+
15+
12000+
Commodities CFD
9+
21+
12+
35+
Stockbroking
-
-
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 200:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
-
500:1
Pro 1: 100:1
Pro 2: 250:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
200:1
500:1
222:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
200:1
500:1
222:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
Retail Max. Leverage (USA)
-
-
-
Major Pairs 50:1
Minor Pairs 20:1
Pro. Max. Leverage (USA)
-
-
-
-
Retail Max. Leverage (Canada)
-
-
Major Pairs: 50:1
Minor Pairs: 33:1
-
Retail Max. Leverage (Singapore)
-
-
-
Major Pairs 20:1
Minor Pairs 20:1
Pro. Max. Leverage (Singapore)
-
-
-
50:1
Pro. Max. Leverage (Kenya)
-
-
-
-
Retail Max. Leverage (South Africa)
-
-
Balance:
0-50k 400:1
50k+ 200:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (South Africa)
-
200:1
-
222:1
Retail Max. Leverage (With offshore regulators)
200:1
200:1
Balance:
0-50k 400:1
50k+ 200:1
200:1
Pro. Max. Leverage (With offshore regulators)
-
-
-
-
Professional Leverage
-
500:1
500:1
200:1

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

Trading Platforms + Tools

Feature
Pepperstone
FxPro
FXCM
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
1,300,000 client accounts
Large range of trading platforms
Guaranteed stop loss orders

Overall