Demo Account Guide
Demo Account Guide
R

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

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

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?

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?

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?

Forex trading is pretty popular in South Africa. The South African forex industry is protected by the Financial Sector Conduct Authority (FSCA), so forex trading in South Africa is completely legal. The FSCA is one of the most reputable authorities in the world that ensures all traders are treated fairly and that the brokers are complying with all the existing rules.

The FSCA aims to protect traders against frauds and promote a healthy and competitive financial marketplace in the country. It also provides regular updates on forex brokers, including risk warnings and compliance reports that traders can easily access.

Continue Reading at 10 Brokers for Swing Trading in South Africa


Country

Broker Categories