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

  • ASIC
  • CySEC
  • FCA (UK)
  • FSA (Estonia)
  • FSA (Seychelles)
  • FSCA (South Africa)
  • IIROC 29.04.2022
  • Jordan Securities Commission
1:500 $100 Review
AvaTrade
Australia 2006

  • ASIC
  • Central Bank of Ireland C53877
  • Financial Futures Association (Japan)
  • Financial Services Regulatory Authority (Abu Dhabi)
  • FSA (Japan)
  • FSC (BVI)
  • FSCA (South Africa)
  • IS
1:400 $100 Review
ThinkMarkets
Australia 2010

  • ASIC
  • FCA (UK) 629628
  • FSA (Japan)
  • FSCA (South Africa)
1:500 $1 Review
Plus500
Australia 2008

  • ASIC
  • CySEC 250/14
  • FCA (UK)
  • FSA (Estonia)
  • FSCA (South Africa)
  • ISA (Israel)
  • Monetary Authority of Singapore
1:300 $100 Review
FXTM
Belize 2011

1:2000 $10 Review
IronFX
Australia 2010

  • ASIC
  • CySEC
  • FCA (UK)
  • FSCA (South Africa)
1:30 $100 Review
FXCM
Australia 1999

  • ASIC 309763
  • CONSOB (Italy)
  • CySEC
  • DMCC (Dubai)
  • FCA (UK)
  • ISA (Israel)
  • SFC (Hong Kong)
  • ESMA
1:400 $1 Review
Grand Capital
Armenia 2006

  • FFMS 1204
  • The Financial Commission
1:500 $10 Review
GKFX
Chile 2009

  • ASIC
  • BaFin 130602
  • CONSOB (Italy)
  • Czech National Bank
  • DMCC (Dubai)
  • FCA (UK)
  • Finansinspektionen (Sweden)
  • FINRA
  • SFC (Hong Kong)
  • ESMA
1:30 $200 Review
Velocity Trade
New Zealand 1999
  • AFM (Netherlands) 29.05.2020
  • ASIC
  • FCA (UK)
  • Financial Dispute Resolution (NZ)
  • FMA (New Zealand)
  • FSCA (South Africa)
  • ESMA
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.



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