Top South Africa Forex Brokers

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

  • Markets.com Markets.com - Best South African Forex Broker Overall
  • 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
Pepperstone
FxPro
FXCM
IG
Our Rating
8.17
9.17
7.46
7.93
6.67
77% of retail investor accounts lose money when trading CFDs with this provider.
76.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider
80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
73% of retail investor accounts lose money when trading CFDs with this provider
76% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

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

Brokerage

Feature
Markets.com
Pepperstone
FxPro
FXCM
IG
EUR/USD Avg. Raw Spread
0.09
0.37
0.2 (Active trader only)
0.17
GBP/USD Avg. Raw Spread
0.38
1.02
0.6 (Active trader only)
0.6
AUD/USD Avg. Raw Spread
0.17
0.87
0.3 (Active trader only)
0.3
EUR/USD Standard Spread
0.6
0.69
1.58
1.3
0.86
EUR/USD Fixed Spreads
1.71
Commissions (USD Base)
AUD/USD$3.50
USD$0.45 (cTrader)
$3.00 (Active trader only)
Commission Rebates
(Active trader only)
Minimum Deposit
$250
AUD/USD $200
$500 Recommended
$50 depending on payment method) Standard Account
$25,000 Active traders
$450
Swap Free Account
Yes
No Inactivity Fees
Funding Methods
6
16
4
8
4
No Funding Fees

(wire withdrawals only)

Markets and Instruments

Feature
Markets.com
Pepperstone
FxPro
FXCM
IG
Currency Pairs
120
66+
70+
39+
80+
Cryptocurrency CFDs
7
12
6+
5+
Index CFDs
58
14+
24+
13+
34+
Share CFDs
3312
300+
150+
15
12000+
Commodities CFD
36
4+
10+
9+
38+
Stockbroking
Retail Max. Leverage
30:1
30:1 (FCA/ASIC/BaFIN)
50:1 (DFSA)
200:1 (Other)
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
30:1
30:1 (UK/Europe/Australia)
50:1 (US)
50:1 (Dubai)
Professional Leverage
300:1
500:1
500:1
200:1

Trading Platforms + Tools

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

(via Zulu Trade)
MetaTrader 4 only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
(Aust/Europe only)
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Unique Trading Tools
Smart Trader Tools
1,300,000 client accounts
Large range of trading platforms
Guaranteed stop loss orders
Unique Feature 2
Share Dealing
Fast Execution Speed
Avg execution time 11.06 ms
Excellent performance and
slippage metrics supplied
Range of platforms

Overall