Best-Forex-Trading-Platforms-In-South-Africa

Best Forex Broker For Each FX Platform

The following forex brokers were considered the best FSCA regulated SA forex brokers for each of the following forex platforms:



Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Our Rating
9.17
7.17
5.83
5.46
5.45
Active Trader Discounts
75% of retail investor accounts lose money when trading CFDs with this provider.
80.5% of retail CFD accounts lose money
75.54% of retail CFD accounts lose money
64% of retail investor accounts lose money when trading CFDs

Regulations and Licenses

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
ASIC (Australia)
FCA (UK)

Brokerage

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
EUR/USD Avg. Raw Spread
0.13
0.10
GBP/USD Avg. Raw Spread
0.51
N/A
AUD/USD Avg. Raw Spread
0.18
N/A
EUR/USD Standard Spread
1.13
3.0
0.8
1.4
EUR/USD Fixed Spreads
3.0
N/A
1.6
Commissions (USD Base)
AUD $3.50
USD $3.50
USD$0.45 (cTrader)
USD $1mil = 0.20% (IBKR)
USD $2mil = 0.20% (IBKR)
USD $5mil = 0.10% (IBKR)
Over USD $5mil = 0.08% (IBKR)
Commission Rebates
Minimum Deposit
AUD $200
USD $200
USD $200
100
USD $100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16
6
3
4
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Currency Pairs
66+
47+
60+
70+
115+
Cryptocurrency CFDs
4+
98+
14+
Index CFDs
2+
13+
67+
24+
26+
Share CFDs
5+
2000+
1816+
150+
1000+
Commodities CFD
4+
12+
17+
10+
Stockbroking
2000+
2000+
Retail Max. Leverage
500:1
30:1
30:1
30:1
30:1
Professional Leverage
500:1
400:1
300:1
500:1
33:1

Trading Platforms + Tools

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
CopyTrader functionality for automated trading
Trade cannabis index and share CFDs
1,300,000 client accounts
125 Markets, 31 Countries, 22 Currencies
Unique Feature 2
Fast Execution Speed
Social trading interface across CFDs
Guaranteed stop loss trading option
Choice of CFD or Spreads Betting
Earn interest on idle cash balances automatically

Overall

Pepperstone
eToro
Plus500
FxPro
Interactive Brokers