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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.

Broker Country
Exness

2008
KenyaCyprusUnited KingdomSeychellesbritish virgin islandsMauritiusSouth AfricaChinaEuropean areaHong KongIndiaIndonesiaRussian FederationSpainThailandTurkeyUnited Arab Emirates
FXTM

2011
KenyaCyprusUnited KingdomMauritiusSouth Africa
FBS

2009
AustraliaCyprusSouth AfricaBelizeUnited Kingdom
Admirals

2001
AustraliaCyprusUnited KingdomEstoniaSeychellesSouth AfricaCanadaJordan
Tickmill

2014
GermanyCyprusUnited KingdomMalaysiaSeychellesSouth Africa
ThinkMarkets

2010
AustraliaUnited KingdomJapanSouth AfricaSeychelles
XTB

2002
SpainCzech RepublicUnited Arab EmiratesUnited KingdomPolandSouth AfricaBelizeEuropean areaFrance
FxPro

2006
CyprusUnited Arab EmiratesUnited KingdomSouth Africa
AvaTrade

2006
AustraliaIrelandJapanUnited Arab Emiratesbritish virgin islandsSouth AfricaIsrael
Plus500

2008
AustraliaCyprusUnited KingdomEstoniaSouth AfricaIsraelSingapore
HF Markets

2010
KenyaCyprusUnited Arab EmiratesUnited KingdomSeychellesSt. Vincent & the GrenadinesMauritiusSouth Africa
IronFX

2010
AustraliaCyprusUnited KingdomSouth Africa
OvalX

1965
CyprusUnited KingdomSouth Africa
VT Markets

2015
AustraliaSouth AfricaSaint Vincent and the Grenadines
Libertex

1997
CyprusMauritiusSouth AfricaBelarus
FXPRIMUS

2009
CyprusSouth AfricaVanuatu
Weltrade

2006
South AfricaBelize
Tradeo
2012
CyprusSouth Africa
FXGM
2011
GermanyFranceSpainItalyCyprusUnited KingdomSouth AfricaEuropean area
CM Trading
2011
SeychellesSouth Africa
One Financial Markets
2007
United KingdomSouth AfricaHong KongChinaEuropean areaIndiaIndonesiaRussian FederationSpainThailandTurkeyUnited Arab Emirates
Velocity Trade
1999
NetherlandsAustraliaUnited KingdomNew ZealandSouth AfricaEuropean areaFrance
INFINOX
2009
United KingdomMauritiusSouth AfricaBahamas
Invest100
2018
South Africa
USGFX
2006
United KingdomSouth Africa
Moneta Markets
2020
Cayman IslandsSouth AfricaVanuatu
Eurotrader
2015
CyprusUnited KingdomSwitzerlandSouth Africa
Colmex Pro
2009
CyprusSouth Africa
Evest
2021
South AfricaVanuatu
Markets.com
2006
NetherlandsAustraliaGermanyCyprusUnited KingdomDenmarkbritish virgin islandsSouth AfricaEuropean areaFrance
Trive
2022
South AfricaMalta

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.



FAQ

What is the best forex broker in South Africa?

Finding the best forex broker in South Africa is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from South Africa, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.


Where can I trade forex in South Africa?

The list in this page can be a good reference if you look to trade with in South Africa. We have sorted specific forex brokers that accept clients from South Africa, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.


What is the best forex broker for beginners?

If you are a beginner and looking for the right broker to trade with in South Africa, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.