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Forex Brokers in South Africa

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Financial Sector Conduct Authority (FSCA) have been supervised forex brokers in South Africa since 2018. In spite of being the most evolved countries in Africa, there are still many unregulated forex brokers in this region.

South Africa has become a dynamic forex broker network, with exponentially growing forex markets and traders. Since the loose limitation from FSCA, forex industries in South Africa has various trading conditions and leverage rules.


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Score Broker Country Regulation Min Deposit Max Leverage

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.

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Some popular brokers that adhere to the rules and are regulated by FSCA include:

  1. FBS broker: Regulated by FSCA with license number of 50885, headquarters in Cape Town, ZAR account avaliable.
  2. Exness:  ZAR accounts are available, regulated by FSCA 51024, and have headquarters in South Africa.
  3. AvaTrade: FSCA regulated under license number 45984, South African headquarters available. ZAR Accounts are not available, as well as deposits and withdrawals.
  4. Tickmill: FSCA regulated under license number 49464. Not supporting ZAR account-based currency, deposit, and withdrawal. No South African Headquarters.
  5. FXTM: Regulated by FSCA  with license number 46614, no headquarters in South Africa, ZAR account not available.
  6. Axi: ZAR account available, as well as deposit and withdrawal. South Africa headquarters is available. Not regulated by the FSCA.
  7. XM Broker: ZAR base currency. South Africa headquarters is available. Not regulated by the FSCA. 

Continue Reading at Top Forex Brokers in South Africa

Forex trading in South Africa is regulated by the Financial Sector Conduct Authority (FSCA). It is one of the oldest and most reputable regulators in the world with over 1,000 entities under its watch.

Continue Reading at Do Forex Traders Pay Tax in South Africa?

We have compiled 10 best-performing forex brokers that are suitable for swing traders in South Africa.

  • IC Markets: IC Markets is particularly suitable for traders who value easy trading execution and low trading costs.
  • Exness: The broker is regulated by several trusted authorities such as the FSCA, FCA, and CySEC.
  • Khwezi Trade: Khwezi Trade supports Rand-based forex and CFD trading with a wide range of trading instruments.
  • FXTM: The broker supports MetaTrader 4 and 5 as trading platforms, both of which can be accessed from various devices such as PC, laptops, tablets, and/or mobile phones.
  • FBS: Traders can open a trading account with only $1 and there is no inactivity fee.
  • AvaTrade: When it comes to trading fees, AvaTrade offers a fixed spread of 0.9 pips per trade.
  • FxPro: The broker also provides customer service that responds quickly and is able to provide relevant answers in multiple languages.
  • FP Markets: One of the greatest advantages of this broker is that it uses true ECN bridges and advanced technology.
  • Pepperstone: Pepperstone is often considered to be the best broker in Australia that's suitable for almost any kind of trader including swing traders.
  • HF Markets: Conveniently, HF Markets offers a ZAR trading account for South African traders as well as USD and EUR accounts.

Continue Reading at 10 Brokers for Swing Trading in South Africa

According to South African rules, a fixed tax of 28% from taxable income applies to any forex trading conducted through a company registered in South Africa.

Continue Reading at Do Forex Traders Pay Tax in South Africa?


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