Top Forex Broker ZAR Accounts

The following FSCA regulated South African forex brokers offer the best ZAR accounts.

  • fxpro logo FxPro - Best ZAR Account Forex Broker
  • Plus500 Plus500 - Easy To Use Forex Trading Platform
  • hotforex logo HotForex - Best ZAR Account for SA Forex Trading
  • khwezi trade logo Khwezi Trade - Good Local SA Forex Broker
  • super forex logo Super Forex -  Top ECN Forex Platform
  • FXCM FXCM - Best Range Of Trading Platforms
  • markets.com logo Markets.com - Best Broker With Zar Account Overall
  • xm logo XM - Top Range Of Forex Education

Our team of industry experts at Compare Forex Brokers below showcase the best forex brokers with Rand accounts and FSCA regulated.

FxPro
Plus500
FXCM
XM
Our Rating
7.46
5.83
7.93
7.42
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
77% of retail CFD accounts lose money
66% of retail investor accounts lose money when trading CFDs with this provider
73.57% of retail investor accounts lose money when trading CFDs with this provider.

Regulations and Licenses

Feature
FxPro
Plus500
FXCM
XM
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
FSA (Seychelles)
IFSC (Belize)
SCB (Bahamas)

Brokerage

Feature
FxPro
Plus500
FXCM
XM
EUR/USD Avg. Raw Spread
0.34
-
0.22
0.1
GBP/USD Avg. Raw Spread
0.43
-
0.80
0.2
AUD/USD Avg. Raw Spread
0.81
-
0.40
0.4
EUR/USD Standard Spread
1.52
-
-
0.8
EUR/USD Fixed Spreads
1.79
-
-
-
Commissions (USD Base)
$4.50
-
$3.00
$3.50
Minimum Deposit
$0
$100
$300
$5-$100
Swap Free Account
No Inactivity Fees
Funding Methods
4+
3+
8+
13+
No Funding Fees

Markets and Instruments

Feature
FxPro
Plus500
FXCM
XM
Currency Pairs
69+
71+
42+
57+
Cryptocurrency CFDs*
30+
15+
7+
-
Index CFDs
24+
67+
13+
18+ (Cash)
12+ (Futures)
Share CFDs
150+
1816+
15+
1,144+
Commodities CFD
21+
22+
12+
15+
Stockbroking
-
-
-
-
Retail Max Leverage (Australia)
Major Pairs 200:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
-
300:1
500:1
-
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
200:1
300:1
500:1
-
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
200:1
300:1
500:1
-
Retail Max. Leverage (Canada)
-
-
Major Pairs: 50:1
Minor Pairs: 33:1
-
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
-
-
Retail Max. Leverage (South Africa)
-
-
Balance:
0-50k 400:1
50k+ 200:1
-
Pro. Max. Leverage (South Africa)
200:1
-
-
-
Retail Max. Leverage (With offshore regulators)
200:1
300:1
Balance:
0-50k 400:1
50k+ 200:1
100:1 to 888:1
depending on balance
Pro. Max. Leverage (With offshore regulators)
-
-
-
-
Professional Leverage
500:1
300:1
500:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
FxPro
Plus500
FXCM
XM
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
1,300,000 client accounts
Trade cannabis index
Large range of trading platforms
Offers Micro Account for cent trading

Overall