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 logo FxPro - Great FSCA Regulated Forex Broker
  • IG IG - Top Range Of Financial Instrument Broker
  • fxtm logo 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
IC Markets
Our Rating
9.33
7.46
7.93
6.67
8.50
Smart Trader Tools
1,300,000 client accounts
Large range of trading platforms
Guaranteed stop loss orders
No Dealing Desk

Regulations and Licenses

Feature
Pepperstone
FxPro
FXCM
IG
IC Markets
ASIC (Australia)
FSCA (South Africa)

Brokerage

Feature
Pepperstone
FxPro
FXCM
IG
IC Markets
EUR/USD Avg. Raw Spread
0.17
0.25
0.22
0.17
0.02
GBP/USD Avg. Raw Spread
0.59
0.74
0.80
0.59
0.23
AUD/USD Avg. Raw Spread
0.24
0.61
0.40
0.3
0.17
EUR/USD Standard Spread
0.77
1.24
1.3
1.13
0.62
EUR/USD Fixed Spreads
1.38
-
Commissions (USD Base)
$3.50
$4.50
$3.00
$3.50
$3.50
Minimum Deposit
$0
$0
$300
$450
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16+
4+
8+
4+
15+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FxPro
FXCM
IG
IC Markets
Currency Pairs
62+
69+
42+
100+
61+
Cryptocurrency CFDs*
12+
30+
7+
12+
18+
Index CFDs
14+
24+
13+
34+
16+
Share CFDs
300+
150+
15+
12000+
100+
Commodities CFD
9+
21+
12+
35+
26+
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
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
-
500:1
Pro 1: 100:1
Pro 2: 250:1
500:1
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
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
FxPro
FXCM
IG
IC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 7.46 FCA, FSCA
CySEC, SCB
0.25 0.74 0.61 110 $0 69+ 30+ 30:1 200:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.22 0.80 0.40 150ms $300 42+ 7+ 30:1 500:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1