Forex Deposit bonus
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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 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.

IC Markets has grown into one of the world’s largest forex and CFD brokers, renowned for its ultra-tight spreads and advanced trading platforms. Founded in 2007 and based in Australia,…
Seychelles
2007
ECN
Raw Trading Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s license number SD018
1:1000
$200
MT4, MT5, cTrader
ZForex Capital Market LLC is established as a Retail Broker company that provides high-standard online forex trading services through innovative and creative learning techniques and multi-asset tools. The company aims…
Bulgaria
2022
ECN
St Vincent and the Grenadines Certificate number: 2145 LLC 2022
1:1000
$10
MT5, cTrader
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…
Belize
2010
STP, ECN
FCA (United Kingdom), FSCA (South Africa), FSC (Belize) (License number IFSC000314/247).
Max 1:500
Classic – 0, Prime – $5000
MT4, MT5
South Africa
2023
STP
FSCA Regulated – FAIS licence with FSP No. 53192
1:1000
$100 (Standard Account)
MT5
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…
Mauritius
2013
ECN/STP
FSC Mauritius registration number C207079 GBC and license number GB23201811.
1:500
$1
MT4/MT5, Webtrader
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…
Belize
2009
ECN
FSC license No. 000138/333.
1:1000
10
MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader
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…
Mahe Seychelles
2023
ECN
FSA Seychelles with a registration number 8426168-1
1:200
$250
WebTrader, FXRoad iOS App and FXRoad Android App
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…
Comoros
2023
ECN
MISA – MWALI International Services Authority license number T2023294
1:200
$250
Japanese
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…
Indonesia
2012
ECN
BAPPEBTI
1:500
$10
MT5
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,…
Saint Vincent and the Grenadines
2020
ECN
SVG FSA, International Business Companies
1:2000
$15
MT5, MT4
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…
Vanuatu
2014
ECN/STP
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.
1:1000
$0
MT4, MT5, Doo Prime InTrad, TradingView
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,…
British Virgin Islands
2023
ECN
FCA, FINRA, ASIC, CMA, FSCA, FSC Mauritius
1:2000
$0
MT4, MT5
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…
Saint Vincent and the Grenadines
2021
ECN
Comoros Mwali International Service Authority
1:1000
$10
MT5
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…
South Africa
2016
ECN
XTrend Speed is regulated by FSCA. The FSP license number is 23497.
1:300
$5
MT5, Proprietary
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…
Seychelles
2019
ECN/STP, Market Maker
Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019
1:1000
$5
MT4, MT5, Web, Mobile
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…
Belize
2009
ECN
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.
1:1000
$5
MT4, MT5, WebTrader
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…
United Kingdom
2001
STP
ASIC, CySEC, FCA, FSCA
1:500
$25
MT4, MT5, MT Supreme
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…
Australia
2010
ECN
ASIC, VFSC
1:1000
$0
MT4, MT5, TradingView, cTrader
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…
South Africa
2022
ECN
FSCA License Number 52108
From 1:1 to 1:Unlimited
$1
MT4 and MT5
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,…
Vincent and the Grenadines
2016
NDD
ASIC, FSA Mauritius, SVGFSA
1:1000
$10
MT5

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.

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