Forex Brokers in South Africa

Recently, South Africa showing a significant increase in trading activity that happened for several reasons besides that South Africa as a very developed country’s economic system constantly shows its growth 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 international Brokers.

  • 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.

Forex Trading Regulations in South Africa

The good news and obvious benefits of South Africa is that Forex is regulated with greater protection against malicious companies due to its laws and regulations applied. Particularly through an established national regulator FSCA that also brings a legal and safe way to operate brokerage. Moreover, we would mention that regulation took a quite serious and well-organized path in South Africa, following the successor to the previously known FSB.

The abovementioned tasks are now performed by the FSCA – Financial Sector Conduct Authority, Website: www.fsca.co.za Where FSCA is in charge of the licensing of financial companies and trading Brokers, and monitor developments to comply with the relevant legislation and customers’ protection rights.

  • FSCA was formed in 2018 and for now is among leading world authorities with sharp international standards, overseeing and control over the proposals. Read more about the FSCA establishment through Wikipedia.
  • Before the launch and legit status in South Africa, every brokerage firm should obtain an FSCA license that guarantees a balanced framework and safe trading environment governed by the FSCA. See FSCA regulated broker FXTM.

You can check broker details through an official website and see company records to verify conditions, also we would also recommend following FSCA official Twitter to stay updated with recent news and warnings @FSCA_ZA

South Africa FSCA website

Best Forex Brokers in South Africa

To find and select Top Forex Brokers you should define your own need, along with the strategy, level of experience and conditions that may be offered by the broker.

The important note about regulation is already covered here are we create a list solely based in South Africa Regulated Forex Brokers, where below you can see listing created according to the specified criteria and its High Scores.

  • HFM – Best Overall Broker in South Africa 2022
  • BlackBull Markets – Best Lowest Spread Broker in South Africa 2022
  • FP Markets – Best MT4 Broker in South Africa 2022
  • Pepperstone– Best for Beginners Broker in South Africa 2022
  • BDSwiss – Best EA Trading Broker in South Africa 2022

Who are South Africa Brokers?

Many well known international Brokers with good regulation operate entities in South Africa and available for almost all African region.

However, there are still many unregulated forex brokers that are in Fake forex brokers list South Africa. These brokers target local population mainly due to their lack of good knowledge about investments. Thus you should be extremely careful while choosing the South African broker to trade with and follow strict criteria based on the legit status of the Brokers as first.

What are best Forex Trading sessions in South Africa time?

Forex trading is available around the clock due to time differences, so major financial centers opening one after another. The best time for trading is mainly depend on the instrument you trade, since European and US market opening hours are considered the most active and volatile.

South Africa Forex Brokers List

These are the regulated brokers that accept clients from South Africa:

Broker Detail
Fineco Bank Review Fineco Bank
Min. Deposit: 0 US$
Max. Leverage: 1:30
Trading Platforms: Powerdesk, Stock Screener
Regulation: CONSOB, ECB
Fineco Bank Review
Swissquote Review Swissquote
Min. Deposit: 1,000 US$
Max. Leverage: 1:100 | 1:30
Trading Platforms: eTrader, Swiss DOTS
Regulation: FINMA, FCA, MFSA, SFC, DFSA
Swissquote Review
Dukascopy Review Dukascopy
Min. Deposit: 1,000 US$
Max. Leverage: 1:30
Trading Platforms: JForex, MT4
Regulation: FINMA
Dukascopy Review
Scope Markets
Min. Deposit: $50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: CySEC, IFSC
Scope Markets Review
InterTrader review InterTrader
Min. Deposit: 500 US$
Max. Leverage: 1:30
Trading Platforms: InterTrader, MT4, Sigma Trading
Regulation: FCA
InterTrader Review
FXOpen Review FXOpen
Min. Deposit: $1
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, TickTrader
Regulation: FCA, CySEC, ASIC
FXOpen Review
ATC Brokers review ATC Brokers
Min. Deposit: 5,000 US$
Max. Leverage: 1:30
Trading Platforms: MT4
Regulation: FCA, CIMA
ATC Brokers Review
Skilling logo Skilling
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, cTrader, Skilling Trader
Regulation: CySEC, FSA
Skilling Review
ADS Securities Broker review ADS Securities
Min. Deposit: 100 US$
Max. Leverage: 1:400
Trading Platforms: OREX, MT4
Regulation: UAE Central Bank, FCA, SFC
ADS Securities Review
GKFX Prime
Min. Deposit: $0
Max. Leverage: 1:1000
Trading Platforms: MT4. MT5, Social Trading
Regulation: FSC BVI, SECC
GKFX Prime Review