Best-ECN-Brokers-South-Africa

Top 8 ECN Forex Broker In South Africa

Our team of industry experts at Compare Forex Brokers evaluated the best brokers with no dealing desk execution:

  • Pepperstone – Best ECN Broker With MT4
  • IC Markets – Lowest ECN Account Brokerage
  • FxPro – The Best WebTrader Platform
  • FXTM – ECN Broker With High Leverage
  • IG Markets – ECN Broker And Stockbroking Provider
  • Hotforex – Good FSCA Regulated ECN Broker
  • Tickmill – Good STP Broker With CFDs
  • AxiTrader – Top STP Broker With MetaTrader 4
Pepperstone
IC Markets
FxPro
FXTM
IG
Our Rating
9.17
8.83
7.46
6
6.67
Active Trader Discounts
Best Spread Broker
80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
High leverage
76% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

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
0.10 Raw Account
0.37
0.4 (ECN)
0.17
GBP/USD Avg. Raw Spread
0.51
0.40 Raw Account
0.7
0.6
AUD/USD Avg. Raw Spread
0.18
0.20 Raw Account
0.7
0.3
EUR/USD Standard Spread
1.13
1.10
1.4
1.3 (Standard)
0.7
EUR/USD Fixed Spreads
1.6
Commissions (USD Base)
AUD $3.50
USD $3.50
$3.50
USD$0.45 (cTrader)
USD$2.00
Commission Rebates
Minimum Deposit
AUD $200
USD $200
$200
$500 Recommended
USD$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
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 only
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