Top Forex Brokers For South African Traders

Below shows the South African brokers who are FSB licenced (or pending) and offer superior value:

  • Markets.com Markets.com - Overall Best Forex Broker For South African Traders
  • Pepperstone Pepperstone - Best MetaTrader Forex Broker
  • FxPro UK FxPro - Best Automated Forex Trading Platform
  • FXTM FXTM - Best Social Trading Platform
  • IG IG - Largest Retail Foreign Exchange Brokers
  • Plus500 Plus500 - Best Forex Trading For Beginners
  • FXCM FXCM - Best Fundamental And Technical Analysis
  • hotforex logo Hot Forex - Highest Forex Trading Leverage Broker

The FSCA (Financial Services Conduct Authority of South Africa) regulates South African Forex brokers providing services to retail traders and ensures the integrity of the financial markets in South Africa. South African residents can benefit from extra protection, quick access to funds, and a fair trading environment.

View the top forex brokers in South Africa that operate in South Africa below.

 

 

Markets.com
Pepperstone
IC Markets
FP Markets
AvaTrade
Our Rating
8.17
9.17
6.83
8
5
77% of retail investor accounts lose money when trading CFDs with this provider.
78.6% 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
Fastest Limit Order Speed
79% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
AvaTrade
ASIC (Australia)
FCA (UK)
Central Bank of Ireland
MAS (Singapore)
CYSEC (Cypus)

Brokerage

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
AvaTrade
EUR/USD Avg. Raw Spread
0.09
0.1
0.10
GBP/USD Avg. Raw Spread
0.38
0.4
0.20
AUD/USD Avg. Raw Spread
0.17
0.2
0.20
EUR/USD Standard Spread
0.6
0.69
1.1
1.20
1.30 Retail
0.90 Professional
EUR/USD Fixed Spreads
0.9
Commissions (USD Base)
AUD/USD$3.50
$3.50
SGD 4.50
$3.00
Commission Rebates
Minimum Deposit
$250
AUD/USD $200
USD $200
$100
USD $100
Swap Free Account
No Inactivity Fees
Funding Methods
Wire transfer, Visa, MasterCard, Skrill, Neteller, PayPal
16
15
8
7
No Funding Fees

Markets and Instruments

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
AvaTrade
Currency Pairs
120
66+
65+
61+
60+
Cryptocurrency CFDs
7
12
10+
5+
11+
Index CFDs
58
14+
16+
14+
15+
Share CFDs
3312
300+
100+
12,986+
99+
Commodities CFD
36
4+
19+
4+
16+
Stockbroking
Retail Max. Leverage
30:1
30:1 (FCA/ASIC/BaFIN)
50:1 (DFSA)
500:1 (Other)
30:1 (Cysec/ASIC)
500:1 (International)
30:1
30:1 (UK/Europe/Australia)
400:1 (Intl)
Professional Leverage
300:1
500:1
500:1
500:1
400:1

Trading Platforms + Tools

Feature
Markets.com
Pepperstone
IC Markets
FP Markets
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss

(available only where European regulation applies)
Guaranteed Neg Protection
(ASIC/Europe)
Cysec Regulation Only

(available only where European regulation applies)
Demo Account
Unique Feature 1
Unique Trading Tools
Smart Trader Tools
ECN pricing
Fastest Limit Order Execution Speed
Choice of social trading tools
Unique Feature 2
Share Dealing
Fast Execution Speed
No funding fees
IRESS Trading Platform
Sign on bonus available

Overall