We found 11 online brokers that are appropriate for Trading South Africa Forex Brokers.
Can you conduct Forex activity in South Africa? Is it possible to make a Forex trade in South Africa? How great is the market? You can get the answers here in this guide.
When it comes to Forex in South Africa, your focus currency will be the South African rand with is among the most traded currencies in the world by volume.
In fact, Rand has been in the top 20 currencies since 2004. Rand is the only currency from the African continent which attains the ranking in a Forex market.
Just like with many other currencies, there will be risks trading with South African rand as a base currency or vice versa.
When it comes to South African Forex, it will come down to your preparation and knowledge of the opportunities and takeaways.
Before proceeding to indulge yourself in the South Africa Forex, you will need to equip yourself with good foundation and skills to use to compete in the market.
Thanks to the nature of Forex, which is global, you can take advantage of financial market opportunities happening anywhere in the world while online in South Africa.
What is required to get started in South Africa Forex? Here are the things you can take into account.
Low-end devices can actually still be a good option when using Forex brokerage apps and services.
But if you have more budget to upgrade your PC or laptop, a desktop computer is a better option to maintain sustainability and performance of your trading.
Whether you are living or traveling in South Africa, it is important to know that you need to have good internet connection every time you trade.
A decent internet connection is a key to seamless Forex trading experience. The reason is obvious. As Forex is about the timing.
The last thing you want is you miss the opportunity to make profit, or even lose money. Ask for some internet providers in South Africa and pick the best internet package which really comes with value of your money.
Online Forex brokerage is the key to make a great Forex trade.
From South Africa, you can browse around hundreds of Forex brokerages available on the internet. You can connect with any broker that can cater for your requirements.
Be certain that the brokerage you choose is regulated and certified. Cross-check the regulatory institutions or firms who provide accreditation and permission to the brokers.
The benefit is that South Africa has great protections to the traders in the country. But some regulations might not be able to protect you if you join with brokerages which are hosted offshore.
So, make sure you read all the terms of agreement and rules first before proceeding.
Depending on the website you choose to join with, the registration process can be different from one to another. But it shouldn’t be difficult for new users like you.
You just need to follow the registration process through and make the first deposit to your Forex account.
Making deposits is crucial. But you can choose not to use your real money to test the water. Each Forex brokerage has an offering to use virtual money.
You will be granted a demo account with a virtual balance. You can test your strategies first using your demo account to find out if it is good enough for the market. Then when your confidence builds, you just need to proceed to use your real account.
The next step is to download your trading platform. As I mentioned before, you could upgrade your laptop or PC so that it can operate the app well.
Some trading platforms even come with the mobile app version which you can use in your smartphone or tablet.
The reputable brokers have such great trading platforms. Use the services which have the resilient software so that you can maximize your trading activity.
After preparing all your infrastructure, you are ready to go. Plan is the key to your successful Forex rodeo.
The more strategies you have at hand, the more likely you are able to profit from the South Africa Forex.
Consider covering all the basis first before you indulge yourself in the South African Forex market. There are some strategies that you can use such as price action, day trading, range trading, as well as trend trading.
We've collected thousands of datapoints and written a guide to help you find the best South Africa Forex 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 Africa Forex 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 Africa Forex 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 Africa Forex Brokers.
Compare South Africa Forex Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are South Africa Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more South Africa Forex Brokers that accept South Africa Forex Brokers clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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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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Rating | |||||||||||
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) | Cyprus Securities and Exchange Commission (CySEC) | 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) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 1 | 100 | 200 | 100 | 5 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ |
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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, Mac, Web Trader, cTrader, Tablet & Mobile apps | 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 |
Support |
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Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with xtb |
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Up with avatrade |
Sign
Up with roboforex |
Sign
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 |
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 | 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 |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM 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 | 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 |
You can compare South Africa Forex 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 Africa Forex Brokers for 2021 article further below. You can see it now by clicking here
We have listed top South Africa Forex Brokers below.