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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