Best Forex Brokers For Each FX Platform

We list the best FSCA regulated SA forex brokers for a range of forex platforms:


Pepperstone
ThinkMarkets
Plus500
eToro
AvaTrade
Our Rating
9.33
7.67
5.83
7.17
8.33
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
75.5% of retail investor accounts lose money when trading CFDs with this provider
77% of retail CFD accounts lose money
68% of retail investor accounts lose money when trading CFDs with this provider.
71% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
ThinkMarkets
Plus500
eToro
AvaTrade
ASIC (Australia)
FSCA (South Africa)
FSA (Seychelles)

Brokerage

Feature
Pepperstone
ThinkMarkets
Plus500
eToro
AvaTrade
EUR/USD Avg. Raw Spread
0.17
0.1
-
-
0.3
GBP/USD Avg. Raw Spread
0.59
-
-
-
0.4
AUD/USD Avg. Raw Spread
0.24
-
-
-
0.5
EUR/USD Standard Spread
0.75
-
-
3.00
0.90
EUR/USD Fixed Spreads
-
-
-
-
0.90
Commissions (USD Base)
$3.50
$3.50
-
-
-
Minimum Deposit
$0
$0
$100
$200
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
6+
3+
11+
7+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
ThinkMarkets
Plus500
eToro
AvaTrade
Currency Pairs
62+
46+
71+
49+
55+
Cryptocurrency CFDs*
12+
21+
15+
46+
15+
Index CFDs
14+
21+
67+
13+
33+
Share CFDs
300+
1200+
1816+
2000+
625+
Commodities CFD
9+
15+
22+
33+
30+
Stockbroking
-
-
-
2000+
Retail Max Leverage (Australia)
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
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
300:1
400:1
400:1
Retail Max. Leverage (South Africa)
-
-
-
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (South Africa)
-
500:1
-
-
400:1
Retail Max. Leverage (With offshore regulators)
200:1
500:1
300:1
400:1
400:1

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

Trading Platforms + Tools

Feature
Pepperstone
ThinkMarkets
Plus500
eToro
AvaTrade
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
STP Order Execution
Trade cannabis index
CopyTrader functionality
for automated trading
Choice of social trading tools

Overall