Top South African Brokers for 2025
We found 11 online brokers that are appropriate for Trading South African.
Best South African Brokers Guide
Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - April 15, 2025
South Africa Financial Markets
South African Brokers
South Africa is one of the few countries with an economy that is constantly growing. Recently, the state has seen a significant increase in trading activities that have made it the most progressive economy in the region.
The financial market may still be in the development phase in South Africa, but the sector is quite liberated and holds great potential that increases its demand as more international brokers conduct trading operations in South Africa.
It has been estimated that South Africa consists of more than 1,000,000 active traders (of which 275k are estimated Forex traders in South Africa). By 2025, the number of active South African traders is projected to exceed 1.2 million, and by 2026, it is expected to grow further to 1.4 million. Because of the growing rise in online trading in South Africa, many new trading platforms traditionally serving European clients have started to open their trading platforms to South Africans.
I’ve seen firsthand how South Africa brokers have really grown along with South Africans appetite for online trading in Africa. With one of the continent’s most sophisticated financial markets, the country has attracted both local and international brokers, making it one of the most progressive trading environments in the region. Many trading accounts, deposits, and withdrawals are conducted in the local currency, the South African Rand (ZAR).
While the financial sector in South Africa continues to evolve, it is known for its liberalized framework and robust regulatory oversight provided by the Financial Sector Conduct Authority (FSCA). This strong regulatory environment has encouraged global brokers to expand their operations locally, giving South African traders access to a wide range of Forex, stocks, commodities, and indices through regulated platforms.
Current estimates suggest that South Africa is home to millions of active online traders, with a significant portion engaged in Forex trading. Although exact figures can vary, industry projections indicate steady growth in the trader base over the coming years, driven by increased digital adoption and broader market access. This expansion has also prompted many international brokers to enhance their services for South African clients, further boosting market accessibility and competitiveness—an evolution reflected on platforms listed on major financial venues like the Johannesburg Stock Exchange (JSE).
With robust regulatory oversight, a growing trader base, and enhanced access to top-tier brokers, South Africa offers a compelling environment for both beginners and experienced traders looking to navigate the financial markets.
Best South African Brokers
South African traders have access to highly regulated, advanced trading platforms. Many brokers offer fast live account openings, diverse financial instruments, flexible funding options, and low fees. Below are some of the best platforms available.
To trade in South Africa, start by choosing a suitable online broker. You can trade with local brokers or use international ones that offer access to the JSE.
You may open an account with a local broker or opt for an international broker that provides quick access to foreign stock exchanges.
Most brokers in South Africa are regulated by reputable agencies to ensure safety, but unregulated firms may still target uninformed traders.
Be cautious when selecting a broker, and always avoid unregulated firms to protect your assets.
IC Markets
IC Markets is highly favored among South African traders for its ultra-fast execution speeds—averaging just 40ms—and its tight spreads starting from 0.0 pips. The platform’s support for advanced tools like MT4, MT5, cTrader, and TradingView, along with a free VPS service, equips South African traders with precision and versatility to navigate both local and international markets.
As a South African trader who has actively used IC Markets as my broker, I can attest that the IC Markets platform is the culmination of years of expertise by veteran investors in the financial markets. The IC Markets team has meticulously developed an innovative, robust system that is continuously refined to enhance speed, security, scalability, and profitability. With immediate access upon registration, this free, fully automated trading platform uniquely supports simultaneous trading in both major and minor currencies, making it a reliable choice for South African forex traders.
The platform's powerful and dedicated customer service team is always on hand to assist with any inquiries, ensuring that every trader, whether local or international, feels well-supported. This exceptional trading system offers two key modes: standard and test. With the standard setting, traders can access a wide array of twenty-four international markets, while the test setting allows you to explore the platform risk-free with a demo account for a full week.
Designed for both new and seasoned traders, the IC Markets platform features two distinct modes: standard and practice. I’ve found that the flexibility to customize risk levels and determine the number of daily trades is especially beneficial. For those new to the market, the practice setting is ideal for trading one or two markets—perfect for refining your skills and building the confidence needed to take on larger positions in the global market.
The customer service provided through IC Markets is truly top-notch. In my experience, I never felt overwhelmed or underserved, as the team consistently offered knowledgeable, technical support and timely updates on major and minor currency pairs worldwide—vital for staying ahead in today’s fast-paced markets.
Specifically tailored for South African traders, the IC Markets platform delivers the essential tools and up-to-date information required to succeed in the financial markets. Its user-friendly interface, exceptional security measures, and impressive scalability have all contributed to my confidence and success in trading. IC Markets truly stands out as a mature and reliable trading platform in the competitive global arena.
RoboForex
RoboForex offers South African traders high leverage options and ultra-competitive spreads starting from zero. Its seamless execution on MT4 and MT5, combined with EA scripting for algorithmic trading, makes it ideal for those looking to capitalize on rapid market movements in a volatile trading environment.
eToro
eToro empowers South African traders through its innovative CopyTrading feature, which lets users mimic the strategies of seasoned investors. With a large global community and an intuitive platform blending social and traditional trading, eToro provides a unique opportunity for local traders to diversify their portfolios while benefiting from strong regulatory oversight by FCA and CySEC.
XTB
XTB equips South African traders with advanced research tools and localized educational resources to deepen market knowledge. Its competitive spreads and secure trading environment—regulated by FCA and CySEC—make it a solid choice for both novice and experienced traders aiming to access diverse markets.
XM
XM provides South African traders with a balanced trading platform that combines exceptional customer support and multiple account types. With access to a broad range of instruments and robust regulation from ASIC, CySEC, and IFSC, XM is ideal for those prioritizing reliability and a diverse asset selection across global markets.
Pepperstone
Pepperstone stands out for South African traders by offering exceptional customer service, competitive pricing, and a versatile range of asset classes. Its fast execution and reliable performance, supported by FCA and ASIC regulation, ensure that local traders can confidently access both domestic and international markets.
AvaTrade
AvaTrade offers South African traders a flexible, user-friendly platform with integrated social trading features like AvaSocial. The AvaTradeGo mobile app enhances trading on the move, while commission-free trading and diverse funding options make it an excellent choice for those seeking cost-efficiency and community-driven insights.
If you are looking for a trusted and reliable online trading platform, AvaTrade is a great choice. AvaTrade is a leading online brokerage firm that provides its clients full access to CFD trading on equities, derivatives, currencies, indexes, and commodities. The company also offers free spread betting to its UK and Irish members.
What makes Avatrade stand out from other online trading platforms in South Africa is its ability to offer its clients many online trading strategies from which they can choose. Avatrade provides technical analysis tools that can be directly applied to your chosen pair of stocks.
Many South African traders look towards Avatrade as their primary platform for trading because it is cost effective, secure, and easy to use. To start trading, all you need to do is open an account at AvaTrade - regardless of your current experience level. You will only need your details to sign up. Once you have established an account with the broker, you will be able to start trading. There are a variety of ways to manage your trading accounts, and the accounts are easy to log in to. You can set up alerts to notify when an ideal time to trade has come along.
The fixed spreads make Avatrade stand out from other online trading platforms. These are the minimum losses you should incur when buying and selling a stock. Some traders want to minimise their losses as much as possible. However, Avatrade has no margin requirements, so this is not an issue. With its risk management features, you can still maximise your profits and minimise your losses.
One of the many features that makes Avatrade stand out from other financial asset traders is its risk management system. Since spreads are how traders make money, they are also considered risky. Traders want to minimise their losses but risk losing all of their capital if they do not. Avatrade has a risk management system through which trades are made using predetermined spreads. Each trade will only pay out the amount of money that was originally invested.
Avatrade provides a high level of protection to its members. Their software has anti hackers features, which can help protect your private information from thieves. There are various security protocols included in their software to ensure maximum security. Aside from that, their advanced account monitoring system will monitor your trading activities and prevent any misuse or fraud. These features make Avatrade among the most reliable of its competitors.
FP Markets
FP Markets caters to South African traders by delivering advanced features on both MetaTrader 4 and 5 platforms, optimized for efficient trading. With competitive spreads and a diverse range of instruments, FP Markets offers a tailored trading experience that aligns with the dynamic needs of local traders in both volatile and stable market conditions.
Why South Africa Is Experiencing Robust New Levels of Traders
Despite economic challenges in South Africa and globally, online trading of global financial markets has seen significant growth in South Africa. The increasing number of traders reflects a shift toward online financial markets, driven by both necessity and opportunity.
The COVID-19 lockdowns forced many South Africans to seek alternative income sources, leading to a surge in online trading activity. With more people working remotely and exploring new ways to generate income, legal electronic trading platforms saw a dramatic rise in sign-ups. This trend has continued even after restrictions eased, reinforcing forex trading as a mainstream financial activity.
Another key factor driving this growth is South Africa's strong regulatory framework. The country boasts a well-developed financial sector that has attracted traders and brokerages alike. Many international brokers have opened local offices in South Africa, complying with the region's regulatory standards to offer services to a growing trader base.
The Financial Sector Conduct Authority (FSCA) regulates SA. As the primary regulatory body, the FSCA oversees licensing and compliance, making South Africa a forex trading hub. It is one of the oldest and most respected regulators in Africa, with over 1,000 registered financial entities. These clear and trader-friendly regulations have positioned South Africa as one of the most attractive forex trading markets on the continent.
Trading In South Africa
Demand for secure trading platforms continues to surge among South African investors, with the regulated financial sector expanding and adapting to modern digital trends. Recent innovations, such as fintech integrations by major banks like FNB and Standard Bank, underscore this growth.
South Africa now leads local retail FX trading demand. In 2023, platforms like EasyEquities and IG have surged in popularity due to their robust regulation and user-friendly interfaces, meeting the strong local investor demand.
Foreign interest in the South African economy and currency remains high. Recent market reports highlight that Nigerian traders and Kenyan traders are 2 and 4 in African regional trading numbers.
The rapidly expanding South African population and economy create abundant business and investment opportunities, notably in emerging sectors such as technology and renewable energy.
With a young, tech-savvy population and a growing middle class, South Africa offers significant potential for both local and international investors.
Moreover, the South African financial market remains highly liquid and volatile, with a low-cost trading environment and steady economic growth driving investor interest.
Additional advantages include political stability and strong investor relations. The widespread use of English further simplifies communication for international traders entering the Forex market.
What Instruments Can You Trade Online In South Africa?
South African traders have access to a wide range of financial instruments, catering to both beginners and experienced investors. Whether you're looking for traditional investments or high-risk, high-reward opportunities, the South African market provides diverse trading options.
Stocks & Shares: Traders can invest in shares listed on the Johannesburg Stock Exchange (JSE), Africa’s largest stock exchange. Investors can trade stocks of well-known South African companies like Naspers, Sasol, and MTN, as well as international stocks through certain brokers.
Bonds: South African government and corporate bonds offer a stable, lower-risk investment option with relatively high yields compared to developed markets. Typically denominated in South African Rand (ZAR), these bonds are a favored choice for income-focused investors.
Forex & Currency Pairs: The South African forex market is highly active, with traders speculating on currency pairs such as USD/ZAR, EUR/ZAR, and GBP/ZAR. The liquidity and volatility of the ZAR make it a popular choice for both short-term and long-term trading strategies.
Commodities: South Africa is a major global producer of gold, platinum, and other precious metals, which bolsters its commodity trading sector. In addition, the country’s robust agricultural industry supports trading in products like maize, wheat, and sugar, while global commodities such as oil and natural gas remain key instruments for traders.
Exchange-Traded Funds (ETFs): ETFs offer investors an easy way to gain exposure to a diversified portfolio of stocks, bonds, or commodities. South African ETFs often track local indices like the FTSE/JSE Top 40 or the JSE All Share Index, providing access to the nation’s top-performing companies.
Derivatives: Futures and options trading is available for those seeking leveraged exposure to South African stocks, forex, and commodities. Regulated brokers facilitate access to these derivatives, allowing traders to hedge risks or capitalize on market movements through instruments traded on local exchanges.
Cryptocurrencies: Crypto trading is rapidly gaining traction in South Africa, with digital assets such as Bitcoin, Ethereum, and others available on both local and international platforms. Some brokers also offer crypto CFDs, enabling leveraged trading in an evolving market.
With a diverse array of financial instruments to choose from, traders in South Africa have ample opportunities to diversify their portfolios and capitalize on both local and global market movements.
The financial system in South Africa plays a crucial role in the country's economic stability and has been a key hub for global financial establishments for decades.
The main South African securities market is the Johannesburg Stock Exchange (JSE), the largest and most liquid exchange in Africa. The JSE facilitates the trading of stocks, bonds, stock index options, commodities, and futures, making it a vital part of the country's financial ecosystem.
Over the past decade, South Africa's financial markets have undergone significant restructuring and deregulation, improving transparency, efficiency, and competitiveness. This has strengthened sectors such as banking, insurance, shipping, and commodities trading, attracting both local and international investors.
The South African Reserve Bank (SARB) is responsible for overseeing monetary policy, ensuring financial stability, and regulating inflation. Its policies play a pivotal role in shaping South Africa's economic landscape and maintaining investor confidence.
With a well-developed financial infrastructure, strong regulatory oversight, and a growing investor base, South Africa remains one of the most influential financial hubs on the continent.
The South African Financial Market
The South African financial market has experienced notable growth in recent years, driven by increased infrastructure development and a rise in investor participation. While it represents a smaller share of the global Forex market, South Africa has emerged as a leading financial hub in Africa, with its financial markets gaining increasing attention from local and international investors.
Retail Forex trading has become an attractive option for South Africans, allowing even small investors to participate in the global currency market through retail Forex brokers. These brokers act as intermediaries, executing trades on behalf of traders and providing access to a wide range of currency pairs, including the South African rand (ZAR) against major currencies like the US dollar (USD).
Interestingly, many of these brokers do not need to be large corporate firms to provide effective trading services. Some independent brokers operate successfully without the need for high-profile offices, offering South African traders access to the market from the comfort of their homes.
The Cape Town Stock Exchange (CTSE) is one of South Africa's key financial markets, playing an important role in equity trading. Similar to the rand, the stock market is influenced by inflation and broader economic conditions. However, unlike currency trading, which is largely driven by exchange rate fluctuations, the stock market is dominated by non-financial sectors, such as mining and commodities.
Below is an example of the USD/ZAR exchange rate chart, showcasing the fluctuations in the value of the South African rand against the US dollar:
Market regulators oversee financial activities, ensuring stability and fair trading conditions. They intervene when necessary to maintain balance and protect investors. The South African government actively encourages private investment to stimulate economic growth, further strengthening the financial market’s development.
Forex Brokers In South Africa
Forex brokers in South Africa offer traders a chance to buy and sell foreign currencies (not just RAND) at a convenient pace. In a region like South Africa, where regulatory bodies are strict, the financial system is stable and does not stop even amidst a global pandemic, forex trading thrives.
With a broker on hand, forex trading becomes easier, and traders may enlist services for speculating the direction of currencies and the forex market as well.
Follow All Licensing And Regulations In South Africa
Forex Broker refers to those in the financial industry facilitating trade in foreign currency exchange. Although the popularity of Forex Brokers has declined because of recent legislation cracking down on trading activities, the industry is still growing steadily. This industry is high-risk; hence, brokers are expected to follow all governmental regulations and standards. All brokers must register with the Commodity Futures Trading Commission and follow all applicable financial regulatory guidelines. Forex brokers in South Africa must also keep updated with all market movements and developments.
The role of a broker in the South African Forex industry is extremely important. Brokers play an important role in the Forex industry because they provide valuable tools and assistance to traders, thereby facilitating transactions. But these brokers must follow all regulations and rules laid down by financial regulatory law. The role of the South African Financial Sector Conduct Authority and Financial Services Board. The South African regulatory bodies govern a code of conduct that all brokers must strictly observe.
All the information about the brokerage house employees needs to be kept in strict confidence. All the employees who interact with the public must be trained and monitored regularly. This way, brokers can ensure complete safety and efficiency in all their dealings.
How To Check A South African Brokers Regulation
Regulation is important because it ensures the protection of your assets and protects you in the event of any unethical behaviour by the broker, such as fraud or manipulation. In South Africa, you must determine whether or not the broker is regulated by the Financial Services Commission of South Africa (FSCA).
Any broker in South Africa can claim to be regulated. Check this is true on the Financial Sector Conduct Authority website https://www.fsca.co.za/ and the Financial Conduct Authority of South African https://fca.org.uk to check a brokers regulation is valid.
If the broker you are planning to deal with is not regulated, has a genuine complaint against it, or has been punished for some unethical behaviour, you should avoid them. Also, never use a broker not regulated by at least one top regulator, such as the FSCA, FCA, CySEC, or ASIC.
You can do this by searching for your broker's name or regulatory number on the websites of the related financial regulators, as most of them have public search capabilities.
Many brokers claim to be regulated, but it is crucial to verify this information. You can check a broker's license directly on the FSCA website: https://www.fsca.co.za/. Additionally, cross-checking with international regulators like the Financial Conduct Authority (FCA) at https://fca.org.uk ensures that the broker meets global regulatory standards.
If a broker is unregulated, has unresolved complaints, or has been sanctioned for unethical practices, it is best to avoid them. To verify a broker's legitimacy, search for their regulatory number or name on the FSCA website. Reputable brokers should also be regulated by at least one top-tier authority, such as the FCA (UK), CySEC (Cyprus), or ASIC (Australia).
Adequate Customer Service From South African Brokers
South African brokers vary in their level of customer service, with some catering to niche traders while others serve a broader audience. A broker’s commitment to excellent customer support can significantly impact your trading experience. Poor customer service is often a red flag, indicating potential operational inefficiencies.
Due to the competitive nature of the industry, only brokers that prioritize client satisfaction and offer responsive customer support tend to thrive. It is essential to ensure that the broker you choose provides efficient communication channels, such as live chat, email, and phone support. Good brokers also have knowledgeable support teams that can assist with technical issues, trading queries, and account management.
Many brokers operating in South Africa offer multilingual customer support to accommodate the country’s diverse population. While English is the primary language of financial services, some brokers provide assistance in Afrikaans, Zulu, Xhosa, and other local languages. This can be particularly beneficial for traders who prefer communicating in their native language.
Some brokers charge high fees but fail to offer quality service. South African traders should be wary of brokers with excessive charges and ensure that their fees justify the level of service provided.
Offers a Demo Account to South Africans
A demo account is one of the best tools for South African traders, providing a risk-free environment to practice trading before committing real funds. Most reputable South African brokers offer free demo accounts, allowing traders to test trading strategies and familiarize themselves with the platform.
Demo accounts use virtual funds, giving traders the opportunity to refine their skills in live market conditions without financial risk. This is particularly valuable for beginners who need to gain experience before transitioning to real-money trading. Additionally, demo accounts help traders develop discipline by following a structured trading plan and managing risk effectively.
For those evaluating different brokers, demo accounts allow traders to assess execution speeds, platform functionality, and customer service. Testing a broker’s demo account before depositing real funds ensures that you are comfortable with their trading environment.
To open a demo account, simply sign up with your chosen South African broker. Most brokers provide easy access to demo trading with no obligation to deposit funds.
Ease of Deposits and Withdrawals for South Africans
Convenient deposit and withdrawal options are a crucial factor when selecting a forex broker in South Africa. Traders should choose brokers that support local banking methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller.
Many South African brokers also support deposits and withdrawals in South African Rand (ZAR), reducing currency conversion costs. Additionally, traders should check withdrawal processing times, as some brokers process withdrawals within 24 hours, while others may take several days.
Some brokers allow traders to open multiple accounts to diversify trading strategies. When selecting a broker, ensure they offer flexible account funding and withdrawal options that suit your needs.
Pros and Cons of Trading in South Africa
South Africa presents excellent opportunities for investors, with a rapidly developing economy and a well-established financial market. As one of the fastest-growing countries in the world, it offers an attractive landscape for traders looking to capitalize on its expanding markets. However, like any trading environment, South Africa has both advantages and challenges that traders must consider.
Opportunities in the South African Market
South Africa provides numerous trading opportunities across different sectors. Investors can take advantage of low-priced stocks and sell when prices increase, making it a lucrative market for those with the right strategies. Additionally, the country has thriving industries such as gold mining, diamonds, oil exploration, textiles, petroleum, cement, and entertainment, offering diverse investment options.
Another benefit is South Africa’s well-regulated financial sector, which enhances transparency and security for traders. With a strong legal framework and institutions like the Financial Sector Conduct Authority (FSCA), traders have access to a relatively stable trading environment.
Challenges and Risks of Trading in South Africa
Despite its potential, trading in South Africa comes with certain risks. One of the biggest concerns is the political and economic instability, which can create uncertainty in the financial markets. While not always a major issue, factors such as policy changes, regulatory shifts, and market fluctuations can impact trading conditions.
Another major challenge is the high level of corruption in the country. Reports of fraudulent activities and lack of transparency in some sectors discourage traders from fully engaging in the market. Moreover, bureaucratic inefficiencies can sometimes create unnecessary obstacles for investors.
Given that trading is inherently speculative, unforeseen risks such as market downturns, currency volatility, and sudden regulatory changes can impact profitability. To navigate these challenges, traders need to employ effective risk management strategies and stay updated with market developments.
Forex Trading In South Africa
Forex trading is booming in South Africa. The foreign exchange market is a significant contributor to the country's economy. Some citizens of the country engage in everyday Forex trading as one of their primary sources of income.
How Much Tax Do Traders Pay In South Africa?
Forex trading profits in South Africa are taxable, and traders must report their earnings to the South African Revenue Service (SARS).
For the 2025/26 tax year (1 March 2025 to 29 February 2026), South African Forex traders are subject to a progressive tax system. The tax brackets for individuals are as follows:
- 18% on the first R237,100 of taxable income
- 26% on taxable income from R237,101 to R370,500
- 31% on taxable income from R370,501 to R512,800
- 36% on taxable income from R512,801 to R673,000
- 39% on taxable income from R673,001 to R857,900
- 41% on taxable income from R857,901 to R1,817,000
- 45% on taxable income exceeding R1,817,000
Traders must declare their earnings on their Personal Income Tax (ITR12) form. Profits from Forex trading are generally classified as income and taxed accordingly. Depending on the nature of the trading activity—whether it is your primary source of income or not—profits might be treated differently. It is advisable to consult a registered tax professional for personalized guidance and to ensure full compliance with SARS regulations.
For up-to-date tax information, visit the official SARS website: SARS Tax Rates.
What Forex Leverage Limits Are Available In South Africa?
The amount of leverage a South African broker is authorized to offer is not regulated by South African financial regulators. As a result, the leverage available will differ from one South African Forex broker to the next, with the majority giving a norm of 30:1, 200:1, 400:1, or 500:1. Your trading history and the discretion of the South African broker regulate your leverage.
Minimal Age Requirements For Forex Trading in South Africa?
In South Africa, the legal age to join a regulated trading platform is 18, as this is the age allowed by the majority of respectable and regulated South African Forex brokers, as well as the age that allows you to send money overseas without parental authorization.
You cant trade financial markets without a broker in South Africa, you need to open the account with a broker first.
Most South African traders use trading platforms approved by foreign regulatory bodies, the most well-known being European regulatory agencies.
IC Markets, RoboForex are amongst the best brokers available to South African traders. When looking for a broker in South Africa, several factors are important to consider to ensure that you choose a platform that aligns with your trading needs and preferences. Firstly, ensure that the broker is regulated by a reputable financial authority and has robust security measures to protect your data. Understand the costs involved, including commission, spreads, and any additional fees. Check the range of assets available for trading, such as stocks, forex, and commodities, and confirm that the broker provides access to your preferred markets.
For a broker to be legal in South Africa, it has to be regulated by the FSCA (Financial Services Conduct Authority) and FSB (Financial Services Board) of South Africa but many South Africans use international brokers with central European financial regulation like the UK Financial Conduct Authority, Australian Securities and Investments Commission (ASIC) or Cysec. The FSB is a government board that regulates financial services in South Africa that are not banking-related. The FSCA regulates financial institutions in South Africa.
When it comes to taxation, all trading profits made with a South African broker are taxable under a progressive tax rate, ranging from 18% to 45%. Traders must report their earnings to the South African Revenue Service (SARS) and ensure compliance with tax regulations. If uncertain, consulting a registered tax professional can help navigate tax filings effectively.
Leverage options vary widely among brokers, as South African financial regulators do not impose leverage limits. Traders may access leverage as high as 500:1 (really high risk), depending on the broker’s policies and the trader’s experience level. However, responsible risk management is crucial when using high leverage.
To legally trade in South Africa, one must be at least 18 years old. Additionally, a broker must be regulated by either the Financial Sector Conduct Authority (FSCA) or a reputable international regulator such as the FCA, ASIC, or CySEC. Ensuring that a broker meets these regulatory standards is vital for security and protection against fraud.
Ultimately, finding the best South African broker comes down to your individual trading needs and goals. Personally, I always prioritize regulation, execution speed, and trading costs before committing to a platform. With the right broker, South African traders can take full advantage of the global markets while ensuring their funds remain secure.
We have conducted extensive research and analysis on over multiple data points on South African Brokers to present you with a comprehensive guide that can help you find the most suitable South African Brokers. Below we shortlist what we think are the best south african brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching South African Brokers.
Trading in South Africa
When trading in South Africa you will need to chec what your options with your South Africa trading broker are.
We list below the various regulated trading account types available to traders in South Africa. If you are looking for a trading platform or broker in South Africa that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this South Africa broker guide will explain the things you should check and be aware of before you invest.
Forex Trading in South Africa
You've probably noticed how Forex trading is really taking off in South Africa, right? Over the past half-dozen years or so, the trading volume in South Africa has been on a steady climb. It's like everyone in South Africa is getting in on the action. But traders in South Africa must understand the risks.
Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.
Modern software, more affordable mobile devices in South Africa and higher internet uptake in South Africa has increased competition for new trading clients among brokerages in South Africa, which has opened Forex trading to a new audience.
Is Forex Trading Legal in South Africa?
There's this common myth floating around that diving into Forex trading in South Africa is illegal, this is not the case, but Forex trading in South Africa is risky. Forex trading in South Africa is not a get rich quick scheme, you will be competing with people not just in South Africa, but all over the world. The key, though, is to be smart about it. You have to choose a broker in South Africa that's not just reputable but also strictly regulated and allowed to offer services to traders in South Africa.
Trading in Forex is allowed in South Africa as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in South Africa and investing internationally. South Africa Forex trading is not banned, their are many top-notch international online brokers available to traders in South Africa offering regulated trading environments.
Do Forex Traders Pay Tax in South Africa?
Once a traders profits reach a level where the income on the Forex trading can be taxed in South Africa the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in South Africa. You've must file taxes in South Africa even if the markets chewed you up and you spat out losses this year. Also in South Africa you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in South Africa who knows the ins and outs of the tax labyrinth in South Africa. In South Africa, Islamic accounts are not restricted.
Cryptocurrencies in South Africa
Here in South Africa, the crypto scene is still pretty new, and cryptocurrency in South Africa is getting more and more tangled up in the local financial regulatory rule in South Africa. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in South Africa, they're not as rattled by interest rate shifts or the political drama in South Africa that's always on the news. Crypto in South Africa is a different beast altogether.
You know, with the surge of younger traders in South Africa, who are not only tech-savvy but also starting to speculate with decent money in South Africa, there's a noticeable shift happening in South Africa towards the crypto market (which is highly volitle and high risk in South Africa). Cryptocurrency traders in South Africa contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
Commodity Trading in South Africa
In South Africa commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in South Africa since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like South Africa are able to take advantage of this demand.
We list brokers that allow you to trade commodities in South Africa here.
Islamic Accounts in South Africa
South Africa brokers support Islamic accounts or swap-free accounts. South Africa Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in South Africa offer accounts that are suitable for Islamic traders. These South Africa brokers complies with Sharia law.
Benefits of Trading in South Africa
South Africa economy and population is growing. The middle class population in South Africa is increasing which means a growing consumer base. Many business and financial opportunities exist in South Africa. South Africa has a young population educated in technology and the internet.
Concerns of Trading in South Africa
South Africa digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this South Africa guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. South Africa Brokers offering high leverage trades in South Africa can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some South Africa brokers offer as a level of protection. you can learn more about further below on this guide.
Reputable South African Brokers Checklist
Selecting a reliable and reputable online South African trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade South African more confidently.
Selecting the right online South African trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen South African broker has a solid track record of at least two years in the industry.
- Verify that the South African broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the South African broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the South African broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for South African brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the South African broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable South African broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of South African Brokers in Our Brokerage Comparison Table
When choosing a broker for south african trading, it's essential to compare the different options available to you. Our south african brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each south african broker.
- The funding methods available for south african with each broker.
- The types of instruments you can trade with each south african broker, such as forex, stocks, commodities, and indices.
- The trading platforms each south african broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each south african broker affects the cost of trading.
- The level of customer support each south african broker offers, including their availability, responsiveness, and quality of service.
- Whether each south african broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a south african broker that best suits your needs and preferences for south african. Our south african broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 South African Brokers of 2025 compared
Here are the top South African Brokers (ZA).
Compare south african brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a south african broker, it's crucial to compare several factors to choose the right one for your south african needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are south african brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more south african brokers that accept south african clients.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Admiral
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating | |||||||||||
| locality | IC Markets accept South African clients | Roboforex accept South African clients | XTB accept South African clients | XM accept South African clients | Pepperstone accept South African clients | AvaTrade accept South African clients | FP Markets accept South African clients | easyMarkets accept South African clients | SpreadEx accept South African clients | FxPro accept South African clients | Admiral Markets accept South African clients |
| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) |
| Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 |
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| Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ |
| Benefits |
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| Accounts |
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| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Sign
Up with admiralmarkets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR |
All South african brokers in more detail
You can compare South African 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 Brokers for 2025 article further below. You can see it now by clicking here
We have listed top South african brokers below.
South African Brokers Table of Contents
- Financial Markets in South Africa
- Online Trading in South Africa
- Forex Trading in South Africa
- Is Forex Trading Legal in South Africa
- Do Forex Traders Pay Tax in South Africa
- Cryptocurrencies in South Africa
- Commodity Trading in South Africa
- Islamic Accounts in South Africa
- Benefits of Trading in South Africa
- Concerns of Trading in South Africa
- South African Brokers Explained
- 6 Factors to Consider when Choosing South African Brokers
- Are Your South African Brokers Trusted And Established?
- Are The South African Brokers World Leading?
- What are the South African Brokers Commissions and Fees?
- What are the South African Brokers Funding and Withdrawl Methods?
- Find South African Brokers with Round-the-clock support?
- Make sure the South African Brokers Offer Comprehensive Trader resources?
- Why South African Brokers needs to be regulated?
- South African Brokers FAQ
- What are the best South african brokers?
- What is the best South african broker?
- Is Forex Trading Legal in South Africa?
- Do Forex Traders Pay Tax in South Africa?
- How do you trade Forex or CFDs in South Africa?
- Related South African Brokers Reviews
- Related South African Brokers Alternatives
- Related South African Brokers Comparisons
South African Brokers Explained
Trading volatile financial markets with South African Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by South African Brokers to ensure a successful trading experience.
Selecting South African Brokers at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile South African markets effectively.
Reliability is key to gaining access to financial markets. Look for South African Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with South African Brokers confidently.
6 Factors to Consider when Choosing South African Brokers
Follow these five rules for selecting South African Brokers that are right for you:
Are Your South African Brokers Trusted And Established?
Search for a reputable South African Brokers with a extensive proven track record for South African, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated South African broker is IC Markets. Established in 2007, and in operation for 18 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 16 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.
| Broker |
IC Markets
|
Roboforex
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2002 | 2009 | 2010 | 2006 | 2005 | 2001 |
| Head Office | Australia | Belize | Poland | Cyprus | Australia | Ireland | Australia | Cyprus, Australia |
| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) |
| Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | Yes | No | No | Yes |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit easyMarkets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk |
Are The South African Brokers World Leading?
Opt for South African Brokers that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for South African Brokers is Roboforex. Roboforex Segregates clients funds and offers over 12000 instruments.
| Broker |
IC Markets
|
Roboforex
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 12000 | 6000 | 1000 | 1200 | 1000 | 10000 | 275 |
| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 55 | 70 | 150 |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 55 | 70 | 150 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | No | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 21 | 15 | 16 | 17 | 18 | 12 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 1696 | 160 | 1100 | 1000 | 10000 | 52 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the South African Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated South African broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated South African broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
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Roboforex
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XTB
|
XM
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Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 0 | 5 | 0 | 100 | 100 | 25 |
| Withdrawl Fees | No | No | Yes | No | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | No | Yes | No | No |
| Deposit Fees | No | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | Yes | No | Yes | No | Yes | No |
What are the South African Brokers Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with South African Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with South African Brokers.
| Broker |
IC Markets
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Roboforex
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XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Skrill | Yes | No | Yes | No | Yes | No | Yes | Yes |
| Payoneer | No | Yes | Yes | No | Yes | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find South African Brokers with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with South African Brokers.
South African Brokers customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by South African Brokers can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | English, German, Arabic, Chinese, Spanish and Polish |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit easyMarkets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk |
Make sure the South African Brokers Offer Comprehensive Trader resources?
It's important to ensure your South African Brokers provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with South African Brokers. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with South African Brokers.
Why South African Brokers needs to be regulated?
Regulated South African Brokers lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated South African Brokers.
Consumers are protected by South African Brokers regulation, critical to preventing inadequate services and potential financial harm.
Regulation of South African Brokers is necessary to prevent fraud. The South African Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with South African Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
South African Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading CentralCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), WindowsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile AppsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingViewCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTraderCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits