BEST FOREX BROKERS IN SOUTH AFRICA

Forex South Africa
Forex South Africa

There is a big Forex community in South Africa among 60 million population of the country. Forex brokers in South Africa are regulated from The Financial Sector Conduct Authority (FSCA). But as there isn't restriction the citizens of South Africa use local forex broker, they are free to choose a forex broker regulated outside the country if it offers better trading conditions.

How to Choose Best Forex and CFD broker in South Africa

One of the most important criteria, when you choose a forex broker, is the regulation. Unfortunately, some of the jurisdictions of forex brokers have some restrictions. For example, leverage cap or the forex brokers are not allowed to offer bonuses to their retail clients. If these points are important for you, you should choose jurisdictions outside of the European Union (offshore broker or forex broker from Australia for example.

Another important criterion when you assess the forex broker is the fees. There are different types of fees. If you trade frequently, the spreads are one of the most important criteria. Another case is if you plan to deposit a small amount of money. In this case, the deposit fee can be more important. Or if you plan to do often withdrawal of a small amount of money, then check withdrawal fees. A Rollover fee is another type of fee that is good to be evaluated.

Forex Broker Min deposit Leverage Deposit method Platforms Spread Swaps Support
Pepperstone

Visit

200 AUD  1:30
  • Visa
  • Mastercard
  • POLi
  • Bank transfer
  • BPay
  • PayPal
  • Neteller
  • Skrill
  • Union Pay
  • MT4
  • MT5
  • cTrader
Plus500

Visit
100 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • PayPal
  • Skrill
  • Plus500
XTB

Visit
250 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • PayPal
  • Skrill
  • MT4
XM

Visit
5 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • Other electronic methods
  • MT4
CMC Markets 0 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • MT4
  • Next Generation
IG Markets 300 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • HKD FPS
  • MT4
  • IG's trading platform

Trading platforms

For the traders from South Africa are available a big number of different trading platforms. The most known platforms like MetaTrader 4 and MetaTrader5. Also, the traders can use different own build platforms from the forex brokers with a big amount of different features and additional tools.

List of trading instruments

As the traders from South Africa can trade in the best forex brokers in the world, the variety of instruments that they can use is big. There are over 80 forex pairs, a lot of CFDs based on world stock indices, metals, commodities, cryptocurrencies, and others.

Conclusion

South Africa is one of the best destinations to trade forex. The traders from the country can use one of the best conditions from the top forex brokers. They can choose between a lot of different trading platforms and trade over thousands of different trading instruments form different trading classes.

Forex Brokers Ranking

Looking for an independent and professional Forex brokers review? Our researches will help you find a broker supporting all financial instruments you may need. It will also help you choose the best trading platform for your manual or automated trading.

Disclaimer: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. Please note that FxBrokersRanking.com do not provide any kind of financial advices or recommendations.

Advertiser Disclosure: FxBrokersRanking.com is free for everyone, but earns a commission from some of the brokers. We get a commission, with no additional cost to you.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram