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Lowest Spread Forex Brokers In South Africa 2020

The best low spread forex broker in South Africa has spreads from 0.0 pips EURUSD and no commission:

  1. IC Markets – Lowest Spread Forex Broker
  2. Pepperstone – Lowest Commission Forex Broker
  3. City Index – Low CFDs Broker Costs
  4. Plus500 – Best Beginner Forex Trading Platform
  5. FXTM – Best Currency Pairs Range
  6. HotForex – Highest Leverage Forex Broker
  7. CMC Markets – Best Share and Foreign Exchange Broker

Our team of experts at Compare Forex Brokers is regarded as the go-to authority on broker review content. Below we’ve put our expertise at work to find the best South African Forex Brokers with low spread, low commissions and overall low total trading costs.



IC Markets
Pepperstone
City Index
Plus500
FXTM
Our Rating
8.83
9.17
6.83
5.83
6
Lowest Spreads
Active Trader Discounts
74% of retail CFD accounts lose money
80.5% of retail CFD accounts lose money
High leverage

Regulations and Licenses

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending
Dubai (DFSA)

Brokerage

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
EUR/USD Avg. Raw Spread
0.10
0.16
0.3 (ECN)
GBP/USD Avg. Raw Spread
0.40
0.4
0.5
AUD/USD Avg. Raw Spread
0.20
0.27
0.5
EUR/USD Standard Spread
1.10
1.16
0.8
0.8
1.9 (Standard)
EUR/USD Fixed Spreads
Commissions (USD Base)
$3.50
AUD $3.50
USD $3.50
USD$2.00
Commission Rebates
Minimum Deposit
$200
AUD $200
USD $200
100
USD$500
Swap Free Account
No Inactivity Fees
Funding Methods
15
16
6
3
13
No Funding Fees

Markets and Instruments

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
Currency Pairs
65
66+
84+
60+
59+
Cryptocurrency CFDs
10
4+
5+
10+
4+
Index CFDs
16
14+
21+
67+
11+
Share CFDs
100
5+
4500+
1816+
180+
Commodities CFD
19
4+
29+
17+
3+
Stockbroking
10+
Retail Max. Leverage
500:1
500:1
20:1
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
1000:1 (FCS)
30:1 (FCA/CySEC)
Professional Leverage
500:1
500:1
400:1
300:1

Trading Platforms + Tools

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MT4 only
Social + Copy Trading
Investment account only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
ECN pricing
Smart Trader Tools
Trade in 4,500 global markets
Trade cannabis index
Floating leverage
Unique Feature 2
Range of fee free funding options
Fast Execution Speed
Flexible leverage
Guaranteed stop-loss
Range of account types

Overall

IC Markets
Pepperstone
City Index
Plus500
FXTM