ads

Forex Brokers in South Africa

HOME / COUNTRY / SOUTH AFRICA

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.


Scroll for more details

Score Broker Country Regulation Min Deposit Max Leverage
64
Exness
Exness
South Africa
FSCA
$10
1 : 2000
52
FBS
FBS
South Africa
FSCA
$5
1 : 3000
70
HF Markets
HF Markets
South Africa
FSCA
$0
1 : 2000
723
Admirals
Admirals
South Africa
FSCA
$1
1 : 500
684
AvaTrade
AvaTrade
South Africa
FSCA
$100
1 : 400
120
ThinkMarkets
ThinkMarkets
South Africa
FSCA
$0
1 : 500
396
FP Markets
FP Markets
South Africa
FSCA
$100
1 : 500
1
FXTM
FXTM
South Africa
FSCA
$10
1 : 2000
461
BDSwiss
BDSwiss
South Africa
FSC (Mauritius)
$10
1 : 2000
773
JustMarkets
JustMarkets
South Africa
FSCA
$1
1 : 3000
10
Tickmill
Tickmill
South Africa
FSCA
$100
1 : 500
706
FxPro
FxPro
South Africa
FSCA
$100
1 : 10000
660
Fxview
Fxview
South Africa
FSCA
$50
1 : 500
482
XTB
XTB
South Africa
FSCA
$0
1 : 30
190
AAAFx
AAAFx
South Africa
FSCA
$100
1 : 500
615
IronFX
IronFX
South Africa
FSCA
$100
1 : 30
768
Markets.com
Markets.com
South Africa
FSCA
$100
1 : 300
523
Weltrade
Weltrade
South Africa
FSCA
$25
1 : 500
738
Eurotrader
Eurotrader
South Africa
FSCA
$50
1 : 500
694
USGFX
USGFX
South Africa
FSCA
$100
1 : 500
116
FXPRIMUS
FXPRIMUS
South Africa
FSCA
$15
1 : 1000
743
Colmex Pro
Colmex Pro
South Africa
FSCA
$2000
1 : 30
13
Plus500
Plus500
South Africa
FSCA
$100
1 : 300
616
Libertex
Libertex
South Africa
FSCA
$1
1 : 600
219
FXGM
FXGM
South Africa
FSCA
$200
1 : 30
736
VT Markets
VT Markets
South Africa
FSCA
$200
1 : 500
492
One Financial Markets
One Financial Markets
South Africa
FSCA
$250
1 : 30
630
INFINOX
INFINOX
South Africa
FSCA
$100
1 : 30
63
Tradeo
Tradeo
South Africa
FSCA
$250
1 : 30
494
Velocity Trade
Velocity Trade
South Africa
FSCA
$1000
1 : 200
795
PU Prime
PU Prime
South Africa
FSCA
$20
1 : 1000
302
CM Trading
CM Trading
South Africa
FSCA
$100
1 : 200
724
Moneta Markets
Moneta Markets
South Africa
FSCA
$50
1 : 500
791
Headway
Headway
South Africa
FSCA
$1
1 : 2000
552
FXGlobe
FXGlobe
South Africa
FSCA
€250
1 : 0
747
Evest
Evest
South Africa
FSCA
$250
1 : 400
650
Invest100
Invest100
South Africa
FSCA
$250
1 : 400
779
Trive
Trive
South Africa
FSCA
$1
1 : 30

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.


Additional FAQ

Yes, forex trading is taxable in South Africa. Any South African traders who profit from forex trading within the country's borders are subject to tax.

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

The tax range in South Africa can differ between individuals and businesses. However, it varies from 18% to 40%, depending on the profits made.

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

Forex trading in South Africa was announced as a legal activity in 2010. A lot of people have turned to forex trading as a source of income. There are 200,000 forex traders with a transaction size of about $19 million per day.

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