Top 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 Pepperstone - Best ECN Broker With MT4
  • IC Markets IC Markets - Lowest ECN Account Brokerage
  • fxpro logo FxPro - The Best WebTrader Platform
  • fxtm logo FXTM - ECN 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
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
77% of retail investor accounts lose money when trading CFDs with this provider
71% 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)
FSCA (South Africa)

Brokerage

Feature
Pepperstone
IC Markets
FxPro
FXTM
IG
EUR/USD Avg. Raw Spread
0.17
0.02
0.34
0.3
0.17
GBP/USD Avg. Raw Spread
0.59
0.23
0.43
0.5
0.59
AUD/USD Avg. Raw Spread
0.24
0.17
0.81
0.5
0.3
EUR/USD Standard Spread
0.75
0.62
1.52
1.9
0.86
EUR/USD Fixed Spreads
-
1.79
-
Commissions (USD Base)
$3.50
$3.50
$4.50
$2.00
-
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

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
Unique Feature
Smart Trader Tools
ECN pricing
1,300,000 client accounts
Floating leverage
Guaranteed stop loss orders

Overall