Forex Brokers in South Africa

The South Africa benefits offer greater protection against malicious companies due to its laws and regulations, as well as a very developed country economy system that constantly shows growing figures and is among the most progressive in the region. While the financial markets are still in the development stage in South Africa, the sector is very liberated and shows big potential. There are many Forex Brokers South Africa including some of the world known firms, that were attracted by the relatively easy limitations and the destination’s promising opportunities. The regulation of the trading markets and financial services firms along with Forex trading performed by the FSB – Financial Service Board, which is in charge of the licensed companies’ compliance with the relevant legislation and customers’ protection. However, there are many brokerage houses and firms that operate without any registration and operational oversight, thus the traders and investors should be careful while choosing the South African broker to trade with.

Broker Regulation Detail User Reviews
FXCM review FXCM ASIC, FCA
Min. Deposit: 50 US$
Max. Leverage: 200:1
Trading Platforms: MT4, Trading Station
0 Reviews FXCM Review
Saxo Bank broker review Saxo Bank FSA, MiFID
Min. Deposit: 2,000 US$
Max. Leverage: 1:100
Trading Platforms: SaxoTraderGo, SaxoTraderPRO
0 Reviews Saxo Bank Review
CMTrading Review CMTrading FSB
Min. Deposit: 250 US$
Max. Leverage: 1:200
Trading Platforms: MT4, Sirix
0 Reviews CMTrading Review
FXPRIMUS Review FXPRIMUS CySEC, FSCA, VFSC
Min. Deposit: 100 US$
Max. Leverage: 1:200
Trading Platforms: MT4
0 Reviews FXPRIMUS Review
avatrade review AvaTrade ASIC, FCP, FSA
Min. Deposit: 250 US$
Max. Leverage: 400:1
Trading Platforms: MT4, AvatradeGo
0 Reviews AvaTrade Review
HotForex Review HotForex CySEC
Min. Deposit: 50 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT4 WebTerminal, HotForex App
0 Reviews HotForex Review