Forex Brokers In South Africa 2024

Forex trading is a popular investment option for South Africans, and there are a number of reputable brokers that offer services to the country. The best forex brokers in South Africa offer a wide range of features and services, including low spreads, tight spreads, and a variety of trading platforms. AvaTrade is the top-rated forex broker in South Africa, followed by Tickmill, FxPro, and Exness. When choosing a forex broker in South Africa, it is important to consider your individual needs and preferences. Some factors to consider include the type of trading you want to do, the fees charged by the broker, and the level of customer support offered.

Forex Regulation In South Africa

Forex trading is legal in South Africa, but it is regulated by the Financial Sector Conduct Authority (FSCA). The FSCA requires all forex brokers that operate in South Africa to be licensed and to comply with a number of regulations.

Key regulations that forex brokers in South Africa must comply with include:

• They must have a minimum operating capital of ZAR 5 million.
• They must have a risk management system in place.
• They must provide clients with clear and accurate information about the risks involved in forex trading.
• They must not engage in any misleading or deceptive practices.

If you are considering forex trading in South Africa, it is important to choose a licensed broker that complies with the FSCA regulations.

Forex Brokers In South Africa In 2023

AssetsFX

Start Trading

Full Review

AssetsFX, a Forex broker established in 2013, provides online currency trading and CFD trading on metals, indices, and US and EU stocks. With over 180,000 traders worldwide, AssetsFX is known…

Founded :

2013

Headquarters :

Mauritius

Regulation :

FSC Mauritius registration number C207079 GBC and license number GB23201811.

Trading Desk :

ECN/STP

Min Deposit :

$1

Leverage :

1:500

Platforms :

MT4/MT5, Webtrader

RoboForex

Start Trading

Full Review

RoboForex Ltd, established in 2009, is a globally recognized financial brokerage company adhering to stringent regulatory standards under the Financial Services Commission of Belize. It offers diverse account types suited…

Founded :

2009

Headquarters :

Belize

Regulation :

FSC license No. 000138/333.

Trading Desk :

ECN

Min Deposit :

10

Leverage :

1:1000

Platforms :

MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader

FXRoad

Start Trading

Full Review

FXRoad is a leading online trading platform very low trading costs, charges no fees for deposits and withdrawals, and offers a great trading app powered by TradingView. FXRoad offers range…

Founded :

2023

Headquarters :

Mahe Seychelles

Regulation :

FSA Seychelles with a registration number 8426168-1

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

WebTrader, FXRoad iOS App and FXRoad Android App

CapPlace

Start Trading

Full Review

CapPlace is a leading online trading platform, developed in providing traders of all levels with advanced analytical tools, a user-friendly interface and access to a diverse range of financial instruments…

Founded :

2023

Headquarters :

Comoros

Regulation :

MISA – MWALI International Services Authority license number T2023294

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

Japanese

Finex

Start Trading

Full Review

FINEX is a leading broker providing the best conditions for trading Forex currencies, commodities and indices. FINEX founded in 2012 and are supervised by the regulator in Indonesia, namely BAPPEBTI…

Founded :

2012

Headquarters :

Indonesia

Regulation :

BAPPEBTI

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:500

Platforms :

MT5

Bold Prime

Bold Prime

Full Review

Bold Prime was founded by several teams of experts in multiple sectors of the financial services industry who came together in collaboration to create an amalgamation of all the features,…

Founded :

2020

Headquarters :

Saint Vincent and the Grenadines

Regulation :

SVG FSA, International Business Companies

Trading Desk :

ECN

Min Deposit :

$15

Leverage :

1:2000

Platforms :

MT5, MT4

Doo Prime

Doo Prime

Full Review

Doo Prime Review Doo Prime, an online Forex and CFD trading company headquartered in the Cayman Islands, is a part of the Doo Group company. The company offers clients access…

Founded :

2014

Headquarters :

Vanuatu

Regulation :

Regulated by the SEC and FINRA in the U.S., the FCA in the UK, the ASIC in Australia, the FSA in Seychelles, the FSC in Mauritius, and the FSC in Vanuatu.

Trading Desk :

ECN/STP

Min Deposit :

$0

Leverage :

1:1000

Platforms :

MT4, MT5, Doo Prime InTrad, TradingView

Trive Invest

Start Trading

Full Review

Trive Investment B.V. delivers investment services through its investment platform. It has wholly owned subsidiaries spanning the globe from the United States to Europe, Africa, the Middle East, Indonesia, Australia,…

Founded :

2023

Headquarters :

British Virgin Islands

Regulation :

BVI FSC Regulated

Trading Desk :

ECN

Min Deposit :

$0

Leverage :

1:2000

Platforms :

MT4, MT5

ATROPI

ATROPI

Full Review

ATROPI LLC, is a global financial company which provides Forex Brokerage services to costumers around the world. The company has more than 12 years experience on online brokerage services, Which…

Founded :

2021

Headquarters :

Saint Vincent and the Grenadines

Regulation :

Comoros Mwali International Service Authority

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:1000

Platforms :

MT5

XTrend Speed

XTrend Speed

Full Review

Exploring XTrend Speed, a Multi-Asset Trading Provider. If you’re in the market for trading in forex, indices, commodities, stocks and cryptocurrencies, then XTrend Speed might be the right choice for…

Founded :

2016

Headquarters :

South Africa

Regulation :

XTrend Speed is regulated by FSCA. The FSP license number is 23497.

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:300

Platforms :

MT5, Proprietary

FXGT.com

Start Trading

Full Review

FXGT is a new breed of Forex broker. FXGT is the upshot of the digital transformation of currency markets and the widespread adoption of cryptocurrencies. We offer traders the stability…

Founded :

2019

Headquarters :

Seychelles

Regulation :

Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019

Trading Desk :

ECN/STP, Market Maker

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5, Web, Mobile

XM

XM Group

Full Review

With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well-established international investment firm and has become a true industry leader. XM is…

Founded :

2009

Headquarters :

Belize

Regulation :

The XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), by the FSC in Belize (XM Global Limited) and by the DFSA (Trading Point MENA Limited), adhering to enhanced regulatory standards.

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5, WebTrader

Admiral Markets

Admiral Markets

Full Review

Admirals is a globally recognized online brokerage firm known for its strict regulatory compliance and comprehensive selection of tradable assets. It offers a wider range of instruments compared to its…

Founded :

2001

Headquarters :

United Kingdom

Regulation :

ASIC, CySEC, FCA, FSCA

Trading Desk :

STP

Min Deposit :

$25

Leverage :

1:500

Platforms :

MT4, MT5, MT Supreme

Global Prime

Global Prime

Full Review

Global Prime was founded in 2010 to, at the time, mainly service a growing institutional appetite for MT4 Forex trading. Global Prime is authorised to deal in securities, derivatives and…

Founded :

2010

Headquarters :

Australia

Regulation :

ASIC, VFSC

Trading Desk :

ECN

Min Deposit :

$0

Leverage :

1:1000

Platforms :

MT4, MT5, TradingView, cTrader

IC Markets

IC Markets

Full Review

IC Markets (International Capital Markets) is a brokerage company launched in 2007 in Australia by a team of financial professionals. Currently, IC Markets is one of the major brokers in…

Founded :

2007

Headquarters :

Seychelles

Regulation :

Raw Trading Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s license number SD018

Trading Desk :

ECN

Min Deposit :

$200

Leverage :

1:1000

Platforms :

MT4, MT5, cTrader

Headway

Headway

Full Review

Headway is a online broker based in South Africa and authorised and regulated by FSCA – Financial Sector Conduct Authority, license number 52108. Headway offers the most common currency pairs…

Founded :

2022

Headquarters :

South Africa

Regulation :

FSCA License Number 52108

Trading Desk :

ECN

Min Deposit :

$1

Leverage :

From 1:1 to 1:Unlimited

Platforms :

MT4 and MT5

UNFXB

Full Review

UNFXB brand is one of the subsidiaries of Unicorn Brokers Holding, which started its activities in 2016. UNFXB allows traders to trade more than 1,400 trading charts and 400 cryptocurrencies,…

Founded :

2016

Headquarters :

Vincent and the Grenadines

Regulation :

ASIC, FSA Mauritius, SVGFSA

Trading Desk :

NDD

Min Deposit :

$10

Leverage :

1:1000

Platforms :

MT5

YaMarkets

Full Review

YaMarkets is the industry leader in the Forex and CFD markets. YaMarkets pledge to create a trustworthy, approachable, and ethical trading platform. YaMarkets are committed to offering a convenient trading…

Founded :

2016

Headquarters :

Mauritius

Regulation :

FSC (Mauritius)

Trading Desk :

ECN/STP

Min Deposit :

$10

Leverage :

1:500

Platforms :

MT4, MT5

TradeUltra

Full Review

TradeUltra is a leading STP broker in Asia headquartered in Malaysia. Since its establishment in 2013, TradeUltra operating its business with trust and transparency. TradeUltra is regulated by the Labuan…

Founded :

2013

Headquarters :

Regulation :

Labuan Financial Services Authority Malaysia with License number MB/20/0059, FSC Mauritius & Registered in Saint Vincent and the Grenadines

Trading Desk :

STP

Min Deposit :

100

Leverage :

1:500

Platforms :

MT4, MT5

CPT Markets Ltd

CPT Markets

Full Review

CPT Markets is a leading provider of international financial derivatives and related services. CPT Markets is an OTC derivatives broker headquartered in Belize and founded in 2010. It provides retail…

Founded :

2010

Headquarters :

Belize

Regulation :

FCA (United Kingdom), FSCA (South Africa), FSC (Belize) (License number IFSC000314/247).

Trading Desk :

STP, ECN

Min Deposit :

Classic – 0, Prime – $5000

Leverage :

Max 1:500

Platforms :

MT4, MT5

Is Forex Tradng Legal In South Africa

Forex trading is legal in South Africa, but there are some regulations that must be followed. Traders must use a licensed broker and declare any profits to SARS. The FSCA is the regulatory body for forex trading in South Africa. There are a number of reputable forex brokers that are licensed by the FSCA. If you are considering forex trading, it is important to do your research and choose a reputable broker. You should also be aware of the risks involved in forex trading and only trade with money that you can afford to lose.