Forex Brokers in 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.

Broker Regulation Max Leverage Min Deposit General Rating
FXTM
South Africa
2011
CySEC 185/12
FCA (UK), 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
1:2000 $10 Review
FXCM
South Africa
1999
ASIC 309763
CONSOB (Italy), 76
CySEC, 392/20
DMCC (Dubai), 31171
FCA (UK), 217689
ISA (Israel), 2
SFC (Hong Kong), AIM232
1:400 $1 Review
Plus500
South Africa
2008
ASIC, 417727
CySEC, 250/14
FCA (UK) 509909
FSCA (South Africa), 47546
ISA (Israel), 5
Monetary Authority of Singapore, 2017-12-11
1:300 $100 Review
Tradeo
South Africa
2012
FSCA (South Africa) 46452
1:30 $250 Review
GKFX
South Africa
2009
ASIC, 424122
BaFin 130602
CONSOB (Italy), 2915
Czech National Bank, 256/2004
DMCC (Dubai), 32142
FCA (UK), 501320
Finansinspektionen (Sweden), 556873-1326
SFC (Hong Kong), AZJ874
1:30 $200 Review
ThinkMarkets
South Africa
2010
ASIC, 424700
FCA (UK), 629628
FSCA (South Africa), FSP No 49835
1:30 $1 Review
Capital Index
South Africa
2014
FCA (UK), 709693
1:200 $100 Review
CM Trading
South Africa
2011
FSCA (South Africa), 38782
1:200 $250 Review
JustForex
South Africa
2012
IFSC (Belize) IFSC/60/241/TS/17
1:3000 $1 Review
IG
South Africa
1974
CFTC/NFA 0509630
FCA (UK), 195355
1:50 $1 Review
Velocity Trade
South Africa
1999
ASIC, 329813
FCA (UK), 497263
Financial Dispute Resolution (NZ) FM0279
FMA (New Zealand), FSP20003
FSCA (South Africa), 43295
1:200 $1000 Review
Grand Capital
South Africa
2006
FFMS 1204
The Financial Commission, 15.01.2016
1:500 $10 Review
ForexChief
South Africa
2014
Ministry of Finance and Economic Management (Vanuatu) 14777
1:1000 $50 Review
IronFX
South Africa
2010
ASIC, 417482
CySEC, 125/10
FCA (UK), 585561
FSCA (South Africa), 45276
1:30 $100 Review
AvaTrade
South Africa
2006
ASIC, 406668
Central Bank of Ireland C53877
Financial Futures Association (Japan), 1574
Financial Services Regulatory Authority (Abu Dhabi), 190018
FSA (Japan), 1662
FSC (BVI), 2013-07-30
FSCA (South Africa), 45984
IS
1:400 $100 Review

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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