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 | |
|---|---|---|
 Alpari | Min. Deposit: 20 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: SVG FSC, IFSC | 1 |
 GO Markets | Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, WebTrader Regulation: ASIC, CySEC | 2 |
 FP Markets | Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC | 3 |
 XM | Min. Deposit: US$5 Max. Leverage: 1:30 to 1:888 Trading Platforms: MT4, MT5, XM WebTrader Regulation: CySEC, ASIC, IFSC | 4 |
 FXCM | Min. Deposit: 50 US$ | 300 GBP Max. Leverage: 1:200 | 1:30 Trading Platforms: MT4, Trading Station, ZuluTrade, TradingView, Ninja Trader Regulation: ASIC, FCA, FSCA | 5 |
 FXTM | Min. Deposit: US$200 Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, MT5 Regulation: CySEC,FCA, FSCA | FXTM Review |
 OctaFX | Min. Deposit: 100 EUR Max. Leverage: 1:30 | 1:500 Trading Platforms: MT5, cTrader Regulation: CySEC | OctaFX Review |
 Plus500 – CFD Service | Min. Deposit: 100 US$ Max. Leverage: 1:30 - EU/UK/ 1:300 - AU Trading Platforms: Plus500 Platform Regulation: FCA, CySEC, ASIC, MAS | Plus500 – CFD Service Review |
 IG | Min. Deposit: GBP 250 Max. Leverage: 1:30 Trading Platforms: MT4, IG Proprietary Regulation: FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC | IG Review |
 AvaTrade | Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:400 Trading Platforms: MT4, AvatradeGo Regulation: Bank of Ireland, ASIC, JFSA, FSCA | AvaTrade Review |