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 Regulation Detail User Reviews
FxPro Review FxPro FCA, CySEC, SCB, FSCA, DFSA
Min. Deposit: 500 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, cTrader, FxPro Markets
4 Reviews FxPro Review
IG Markets review IG Markets FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC
Min. Deposit: GBP 250
Max. Leverage: 1:30
Trading Platforms: MT4, IG Proprietary
0 Reviews IG Markets Review
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
former ThinkForex review ThinkMarkets ASIC, FCA
Min. Deposit: 250 US$
Max. Leverage: 1:400
Trading Platforms: MT4, Trade Interceptor
0 Reviews ThinkMarkets 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 Bank of Ireland, ASIC, JFSA, FSCA
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