ECn Forex Brokers in South AfricaOur team of industry experts at Compare Forex Brokers evaluated the top 5 Best ECN Forex Brokers in South Africa 2020 with no dealing desk NDD intervention:

  • Pepperstone – Best Forex Trading Platforms
  • IC Markets – The Lowest EUR/USD Spreads
  • FxPro – The Best WebTrader Platform
  • FXTM – The Highest ECN Trading Leverage
  • IG Markets – The Largest ECN Foreign Exchange Broker

Broker Reviewed

Pepperstone
IC Markets
FxPro
FXTM
IG
Our Rating
9.17
8.83
7.46
6
6.67
Most Awarded Broker
Best Spread Broker
Trading from single account
High leverage
Widest Instrument Range

Regulations and Licenses

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

Brokerage

Feature
Pepperstone
IC Markets
FxPro
FXTM
IG
EUR/USD Avg. Raw Spread
0.13
0.1
0.37
0.4 (ECN)
0.17
GBP/USD Avg. Raw Spread
0.51
0.4
0.7
0.6
AUD/USD Avg. Raw Spread
0.18
0.2
0.7
0.3
EUR/USD Standard Spread
1.13
1.1
1.4
1.3 (Standard)
0.7
EUR/USD Fixed Spreads
1.6
Commissions (USD Base)
AUD $3.50
USD $3.50
USD$0.45 (cTrader)
USD$2.00
Commission Rebates
Minimum Deposit
$200
USD $200
$500 Recommended
USD$500
$450
Has Islamic 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
66+
65+
70+
59+
80+
Cryptocurrency CFDs
4+
10+
4+
5+
Index CFDs
2+
16+
24+
11+
34+
Share CFDs
5+
100+
150+
180+
12000+
Commodities CFD
4+
19+
10+
3+
38+
Stockbroking
10+
Retail Max. Leverage
500:1
500:1
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
1000:1 (FCS) 30:1 (FCA/CySEC)
FCA (30:1) ASIC (200:1) 50:1 (CFTC) 50:1 (DFSA)
Professional Leverage
500:1
500:1
500:1
200:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FxPro
FXTM
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Investment account only
MetaTrader 4 onliy
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
1,300,000 client accounts
Floating leverage
Guaranteed stop loss orders
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
Avg execution time <11.06 ms
Range of account types
Range of platforms

Overall