We found 11 online brokers that are appropriate for Trading South African Markets Brokers.
When it comes to the Forex trading times, you will want to know what is the right time to conduct trading activites so that you can maximize your earnings.
The good news is that Forex trading is available 24 hours a day, 5 days a week. So, you can trade almost every day. But there is rollover time which takes place at 5 PM New York time. In this instance, you will not be able to place the trades for a few minutes.
The duration of the rollover time will be dependent on the brokerage you are using. It could take between two to five minutes, or even more. Before the rollover time, there will be a significant gap of the spreads in the currency pairs. Therefore, it would be riskier to trade when it is close to the rollover time.
No matter where you are, you will need to understand the Forex trading sessions so that you won’t be trading at the wrong time.
There are four main Forex trading sessions: Sydney, Tokyo, London, and New York session.
Depending on your brokerages, they might be using different sessions as the benchmark. However, the most common trading session is the New York session.
If this is the case, the Forex Market will open every Sunday at 17.00 New York Time and close on Friday at the very same time.
The 17:00 New York time is the end of the US session. So, if you are in South Africa and use the New York session as your benchmark, you will want to convert the time to your local time so that you will know when the roll over takes place.
When the US Session closes at 17:00 EST, it will be midnight in South Africa or (00.00.). Meanwhile, the time will be different when it is summertime in the northern hemisphere of the US.
The session which closes at 17:00 EDT will be 23:00 in South Africa. So, it is pretty much safe to comprehend that the opens and closes take place at either 23:00 from March to November, or, 00:00 between October and March.
It is suggested not to take risks when the time is close to the rollover.
It is true that you can access the Forex market every day from Sunday to Friday. But you need to be aware of the closing for rollover every 17:00 EST/EDT, or 23:00 or 00:000 at local time.
After the rollover of the New York session, the Sydney trading session will start. This cycle will take place daily. The rollover will also take place when the market closes.
If you are trading in South Africa, the most appropriate approach in trading the Forex is by using the South Africa Standard Time or SAST. In this situation, the best time to trade the Forex is between 10:00 to 16:00 SAST.
We have mentioned earlier about the risks of trading close to the rollover time. That’s why the time windows from 10:00 to 16:00 is an ideal time to maximize the opportunities to get more on Forex.
It is a perfect time to get news and updates about the economic components. If you can exploit this time window, you can benefit from the exchange rates as well.
When the US session opens, the volume of trading is enormous. You can maximize the opportunities by exploiting the market movement. In this time gap, the fake outs will not be significant.
During the first few hours of Tokyo and Sydney sessions, you can rest assured that the market false moves are not a big threat. In this case, the market can be rooting for the larger positions as well.
The EST is seven hours behind SAST - South Africa Standard Time. Of course, you will want to get on right time to trade to maximize your profit.
It is important to know that the right time to trade will give you perks in a less volatile market. In this instance, the start time for the London trading session is at 10:00 SAST.
Meanwhile, the starting time for the US trading session would be at 15:00. You can see the huge gap here.
When it comes to the transition in March, the time will switch from the EST to EDT. At that time, you will want to know that the London Session will open at 09:00 SAST and the starting time for the US Session will be at 14:00.
Some traders have been known to fail as their sessions were overlapping and to make it simpler, you will want to focus on one trading session first. But if you think you can cope with the differences for maximizing your earning, you have a greenlight.
We've collected thousands of datapoints and written a guide to help you find the best South Africa Forex Trading Times for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best South African Markets Brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online South African Markets Brokers trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top South African Markets Brokers.
Compare South African Markets Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are South African Markets Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more South African Markets Brokers that accept South African Markets Brokers clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare South African Markets Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top South African Markets Brokers for 2021 article further below. You can see it now by clicking here
We have listed top South African Markets Brokers below.