Top 8 ECN Forex Broker In South Africa

The best ECN-Style forex trading platforms list is.

  • Pepperstone Pepperstone - Best South African ECN Broker With MT4
  • IC Markets IC Markets - Lowest ECN Account Brokerage In South Africa
  • fxpro logo FxPro - Best ECN WebTrader Forex Trading Platform
  • fxtm logo FXTM - Top ECN Forex Broker With High Leverage
  • IG IG Markets - ECN Broker And Stockbroking Provider
  • hotforex logo Hotforex - Good FSCA Regulated ECN Broker

Pepperstone
IC Markets
FxPro
FXTM
IG
Our Rating
9.33
8.50
7.46
6
6.67
Smart Trader Tools
No Dealing Desk
1,300,000 client accounts
Floating leverage
Guaranteed stop loss orders

Regulations and Licenses

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

Brokerage

Feature
Pepperstone
IC Markets
FxPro
FXTM
IG
EUR/USD Avg. Raw Spread
0.17
0.02
0.51
0.3
0.17
GBP/USD Avg. Raw Spread
0.59
0.23
0.66
0.5
0.59
AUD/USD Avg. Raw Spread
0.24
0.17
0.63
0.5
0.3
EUR/USD Standard Spread
0.77
0.62
1.24
1.9
1.13
EUR/USD Fixed Spreads
-
2.17
-
Commissions (USD Base)
$3.50
$3.50
$4.50
$2.00
$3.50
Minimum Deposit
$0
$0
$0
$500
$450
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
4+
13+
4+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FxPro
FXTM
IG
Currency Pairs
62+
61+
69+
63+
100+
Cryptocurrency CFDs*
12+
18+
30+
-
12+
Index CFDs
14+
16+
24+
11+
34+
Share CFDs
300+
100+
150+
180+
12000+
Commodities CFD
9+
26+
21+
7+
35+
Stockbroking
-
-
10+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 200:1
30:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
-
300:1
Pro 1: 100:1
Pro 2: 250:1
Retail Max. Leverage (South Africa)
-
-
-
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
IC Markets
FxPro
FXTM
IG
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 > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 7.46 FCA, FSCA
CySEC, SCB
0.51 0.66 0.63 110 $0 69+ 30+ 30:1 200:1
Visit Broker > 6 FCA, FSCA
FSC
0.3 0.5 0.5 160ms $500 63+ - 30:1 300:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1