Forex Brokers in South Africa

The obvious benefits of South Africa offer greater protection against malicious companies due to its laws and regulations, as well as a very developed country economy system that constantly shows its growing 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 great potential that increases its demand through more and more international Brokers that engage to South Africa trading operations.

  • Many of Forex Brokers from South Africa are eventually some of the world known Brokers that were attracted by the relatively easy limitations and the destination’s promising opportunities.

Another important part in the trading industry, which is the regulation of the trading markets and financial services firms itself along with Forex trading within the country is quite well organized in South Africa. The abovementioned tasks are performed by the FSCA – Financial Sector Conduct Authority, which is in charge of the licensing of financial companies’ and trading Brokers, and monitor developments to compliance with the relevant legislation and customers’ protection rights. However, there are many brokerage houses and firms that operate without any registration and operational oversight in South Africa, thus the traders and investors should be careful while choosing the South African broker to trade with and follow strict criteria based on a legit status of the Brokers, which is, in fact, the regulatory status. 

Broker Detail
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: CySEC,FCA, IFSC, FSCA
FXTM Review
alpari review Alpari
Min. Deposit: 20 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: SVG FSC, IFSC
Alpari Review
FPMarkets Logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC
FP Markets Review
avatrade review AvaTrade
Min. Deposit: 100 US$
Max. Leverage: 400:1
Trading Platforms: MT4, AvatradeGo
Regulation: Bank of Ireland, ASIC, JFSA, FSCA
AvaTrade Review
Markets.com Broker review Markets.com
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400
Trading Platforms: Markets.com Web, MT5
Regulation: CySEC, ASIC, FSCA
Markets.com Review
IG Markets review IG Markets
Min. Deposit: GBP 250
Max. Leverage: 1:30
Trading Platforms: MT4, IG Proprietary
Regulation: FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC
IG Markets Review
FXCM review FXCM
Min. Deposit: 50 US$
Max. Leverage: 1:200
Trading Platforms: MT4, Trading Station
Regulation: ASIC, FCA
FXCM Review
Saxo Bank broker review Saxo Bank
Min. Deposit: 2,000 US$
Max. Leverage: 1:30 | 1:100
Trading Platforms: SaxoTraderGo, SaxoTraderPRO
Regulation: Danish FSA, ASIC, JFSA, MAS, FCA, FSC
Saxo Bank Review
One financial markets broker review One Financial Markets
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: ONE MT4
Regulation: FCA, DIFC, FSCA
One Financial Markets Review
CMTrading Review CMTrading
Min. Deposit: 250 US$
Max. Leverage: 1:200
Trading Platforms: MT4, Sirix
Regulation: FSB
CMTrading Review