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 | Max Leverage | Min Deposit | |
|---|---|---|---|
| IG Australia 1974
| 1:50 | $1 | Review |
| Admirals Argentina 2001
| 1:500 | $100 | Review |
| AvaTrade Australia 2006
| 1:400 | $100 | Review |
| ThinkMarkets Australia 2010
| 1:500 | $1 | Review |
| Plus500 Australia 2008
| 1:300 | $100 | Review |
| FXTM Belize 2011
| 1:2000 | $10 | Review |
| IronFX Australia 2010
| 1:30 | $100 | Review |
| FXCM Australia 1999
| 1:400 | $1 | Review |
| Grand Capital Armenia 2006
| 1:500 | $10 | Review |
| GKFX Chile 2009
| 1:30 | $200 | Review |
| Velocity Trade New Zealand 1999
| 1:200 | $1000 | Review |
| CM Trading Cyprus 2011
| 1:200 | $100 | Review |
| Tradeo Cyprus 2012
| 1:30 | $250 | Review |
| Capital Index Australia 2014
| 1:200 | $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.
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.
