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 - December 23, 2024
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 850,000 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.
Which Broker Is Best In South Africa
South African traders are spoilt for choice with several highly regulated advanced trading platforms available. Many South African brokers offer fast live trading account opening, a range of financial instruments, funding and withdrawal methods and low fees. We list some of the best trading platforms for South Africans below.
If you are interested in trading financial markets in South Africa, the first step is to find a suitable online broker. There is a high possibility of trading in South Africa using different brokers operating in the region or brokers offering access to JSE.
You can decide to open an account with a local broker in the country you plan on trading in, or you can choose to trade using an international broker located in your country that can quickly provide you access to the foreign stock exchange that you need.
Most brokers in South Africa or any country are regulated by an advanced trading platform or a reputable agency to ensure public safety and security. There may still be unregulated brokers that target the local populace, especially in areas where the public lacks sufficient knowledge of trading and finance.
Not only should you be careful when choosing a South African broker or trade with, but you should also consider the possibility of an unregulated broker in other regions. Taking preventive measures will be advised to avoid being in financial difficulty and losing your assets.
Top South African Brokers
| Broker | Summary | ||
|---|---|---|---|
| 1 |  |
IC Markets | IC Markets offer South African tight spreads and extremely fast buy and sell order execution speeds and is used by many professional traders worldwide. |
| 2 |  |
RoboForex | RoboForex has trading spreads from 0 pips, high leverage available up to 1:300 on CFD trades available to South African traders on the MT4, MT5 and cTrader platforms. |
| 3 |  |
Pepperstone | Pepperstone provides access to a wide range of financial instruments, including shares, indices, forex, commodities, and cryptocurrencies. It also offers a variety of trading tools, including technical analysis charts and live news feeds. |
| 4 |  |
XTB | XTB is a full-service brokerage firm that offers a range of investment products, including shares, ETFs, and unit trusts. It also offers research and analysis tools to help traders make informed decisions. |
| 5 |  |
XM | The XM platform provides access to a wide range of financial products, including stocks, ETFs, forex, commodities, and bonds. It also offers advanced trading tools and educational resources to help traders make informed decisions. |
| 6 |  |
AvaTrade | AvaTrade is a user-friendly platform that allows traders to buy and sell shares, exchange-traded funds (ETFs), and other investment products with no minimum investment amounts. It also offers fractional share ownership, making it accessible to traders with smaller amounts of capital. |
Why South Africa Is Experiencing Robust New Levels Of Traders
Irrespective of the economic challenges that have been experienced in South Africa and worldwide, Forex trading has increased and also strengthened in South Africa.
As a result of the lockdown that led to the constraint of many people forcing them to work remotely and seeking an alternative way of making income, so many people have looked to dabble into Forex trading, which has led to a tremendous increase in the number of people who have signed on legal electronic trading platforms.
One of the biggest reasons behind the rapid growth of forex traders in South Africa is the existing regulations. The region houses a strong financial sector that has compelled traders to establish South Africa as their hub of operations in trading. Many brokerages in South Africa have opened local offices in the country, all following South Africa's regulatory body.
The Financial Sector Conduct Authority, or the FSCA, is behind the licensing and regulation of trading in South Africa. The FSCA has laid down well-organised and trade-friendly regulations, resulting in South Africa's status as a forex trading hub. The agency is the oldest and most respected regulator on the continent. The FSCA has registered more than 1,000 financial entities.
Trading In South Africa
Demand for safe trading platforms and activity among South African investors has increased, and the regulated South African finance sector has grown.
South Africa is leading the way in the local retail Fx trading demand; one of the primary reasons is the strong and tightly regulated financial sector, which is paired with a local demand from investors.
With the interest of foreign investors in the South African economy and currency. At the same time, Nigerian traders rank second, and Kenyan traders rank fourth.
The South African population and economy are expanding quickly. As a result, there are many business and investment opportunities in South Africa.
South Africa has a very young population, mostly educated on the internet and technology. The population has a growing middle class and a lot of potential for investors.
Moreover, the South African financial market is very liquid and volatile. The most important reason for investing in South Africa is the low-cost market and the steady growth.
The other reasons are political stability, good investor relations, etc. The people of South Africa speak English, so you don't have to communicate much with the locals when transacting in Forex trading.
What Instruments Can You Trade Online In South Africa?
Here are a few asset classes you can trade online in South Africa. As expected, one can trade stocks, bonds, derivatives, ETFs, commodities, crypto, etc.
South African Financial System
The financial system in South Africa has been the centre of global financial establishments for countless centuries.
The main South African securities markets include the Johannesburg Stock Exchange (JSE) which allows the exchange of official stocks and shares, stock index options, commodities, and futures.
The South African financial markets have seen a period of restructuring and deregulation in the last ten years. Johannesburg Stock Exchange (JSE), insurance, banking, shipping, and commodity markets.
The South African Reserve Bank is responsible for issuing monetary policy in South Africa.
The South African Financial Market
The South African Financial Market has experienced growth in recent years due to a sharp increase in infrastructure development around the country. Even though this constitutes only a small portion of the global Forex market, it is nonetheless a market increasing in magnitude and popularity across the African region, particularly in South Africa.
Retail Forex trading offers a particularly appealing opportunity in South Africa, given that even small investors (you and I) can access this highly profitable market via retail Forex brokerage, creating a wide scope for significant investment potential. Retail Forex brokers in South Africa are usually intermediates who make trades on your behalf, helping you gain regular exposure to this exciting trading market.
The great news is that brokers like these do not need to be big-name firms. They often work just as well as those who operate from high-profile offices, simply from their homes.
The Cape Town Stock Exchange (Capex) is South Africa's largest stock market and one of the biggest financial markets in the world. Like the rand, the stock market has been affected by inflation. However, unlike the rand, which is set by the rate of the company's shares turnover, the stock market is largely controlled by non-financial companies, like mining companies.
Here's the example of the USD/ZAR chart.
The rates are set by regulatory bodies, which determine the companies' profitability based on the market's overall health and the state of the economy. Regulators usually intervene once the market starts to become unevenly balanced. One of the reasons why the government encourages private investment in the country's economy.
Forex Brokers In South Africa
Forex brokers in South Africa offer traders a chance to buy and sell foreign currencies 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://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.
Adequate Customer Service From South African Brokers
South African broker firms are well-regulated and offer plenty of high-level services to clients. The only thing that distinguishes them is their business models. Many of these brokerage firms are highly specialised in providing service to a small number of traders. In contrast, other firms with large customer bases specialise in providing service to everyone.
This is where you need to be careful. If the South African broker you have considered trying out does not provide good customer service, they will not be around for long in the market. Gone are the days when the biggest brokerage firm was the best to work with. Nowadays, the market is competitive and very hard to survive unless you have years of experience. You also need to ensure that your trading in Forex or stocks is done through a broker willing to provide outstanding service.
It can often be difficult to determine whether an FX firm is good or bad since many of them are available. Most people join one because friends tell them it's a great place to make money. Unfortunately, this often leads to bad decision-making. People often make the fatal mistake of joining a company that charges outrageous service fees. Many discussions have been held over how South African brokers charge clients for high fees and how they should provide decent customer service. Brokers should strive for customer satisfaction and make the fees count for their services.
Offers A Demo Account to South Africans
The best Forex brokers in South Africa have come up with a novel way to give their clients a taste of world financial markets. All of the best South African brokers offer a free demo account to new traders. Here's why it is important to first trade with a demo account.
A demo trading account is an invaluable tool for South African traders, whether you're a beginner or an experienced investor. It's like a training ground for the real market, where you use virtual money instead of real funds. This allows you to develop your trading skills without the risk of losing actual money. You can experiment with different strategies, get comfortable with the trading platform's features, and understand the dynamics of the financial markets in a completely safe environment.
One of the key benefits of a demo account is the ability to practice and refine your trading strategies. You can test your approaches in real-time market conditions, adjust your tactics, and see how they would perform in the real world, all without any financial risk. This hands-on experience is crucial for building confidence and competence in your trading decisions.
Furthermore, a demo account helps you build discipline. Successful trading requires a disciplined approach to manage risks and adhere to your trading plans. Practicing with a demo account lets you cultivate this discipline in a controlled setting.
Also, for those considering a specific broker, a demo account offers a great opportunity to evaluate their services, including execution speed and customer support, before you commit any real funds. Lastly, it prepares you psychologically for real trading by helping you understand your emotional responses to different market scenarios, such as stress, fear, and excitement. This psychological preparation is key to making well-informed, rational trading decisions when you transition to a real account.
To obtain a demo account, you must open a brokerage account with the South African broker of your choice. Once you have chosen a South African brokerage firm, you must open a demo account. A separate account from your primary account. Learn how trades are executed and allow you to learn without investing any actual money.
Nowadays, Forex brokers in South Africa have a variety of different ways in which you can open a demo account. These brokers have great customer support that will help you with any problems.
Ease Of Deposits And Withdrawals For South Africans
Many trading platforms are available in South Africa, all offering their services to traders in buying and selling currencies. These trading platforms offer the ease of making deposits and withdrawing your trading portfolio profits. These trading platforms will offer a range of deposit and withdrawal methods available to local South Africans.
Some South African brokerages will allow you to open multiple accounts at the same time as well. Choose the account that best suits your needs.
Pros and Cons Of Trading In South Africa
South Africa offers an excellent opportunity for investors. The country has a huge potential for developing its economy as it is one of the fastest developing countries in the world.
South Africa faces numerous challenges from internal and external factors, such as political and economic turmoil and insecurity. Although these issues are not significant on a macro scale, the country faces them due to its failure to implement the necessary reforms that will boost its economy.
Opportunities for trading in South Africa are many. There are many moments when you will be offered the chance to buy low-price stocks and sell them when the prices go up. However, there are risks involved in this kind of trading.
Since trading is a very speculative business, you may face many unforeseen issues or risks that can jeopardise your trading. Therefore, you must be equipped with the right information and strategies regarding risks and use appropriate trading techniques.
One of the major risks of trading in South Africa is the high level of widespread corruption in the country. There are various reports and news articles about the corrupt dealings in the country, which makes traders avoid doing business with this country altogether. In addition, the country's non-transparent and inefficient administration can also bring about unnecessary risks to traders. It is important to note that despite all these risks and disadvantages that you have to face, you still have the chance to earn great profits by trading in South Africa. Opportunities for Trading in South Africa include gold mining, diamonds, and oil exploration and production.
You can also invest in various industries in the country, such as textiles, petroleum, cement, and entertainment. All these present the perfect opportunities for trading in South Africa. Now you can choose the option that best suits your needs and financial objectives. You can do research online for more details on different trading options.
Best South African Brokers
South Africa is filled with various lucrative opportunities, and it is best to do so with a reputable broker. Take advantage of the best brokers in South Africa and begin developing your business.
IC Markets - Fast Order Execution In South Africa
The IC Markets platform has been developed by veteran investors who have spent years in the industry. The IC Markets team has created an innovative and robust system that is constantly refined and updated for speed, security, scalability, and profitability. The system is a free, fully automated trading platform available immediately after registering. A unique feature of this Forex trading platform is that it can trade both major and minor currencies simultaneously.
The Forex trading platform has a powerful and robust customer service department to assist customers with any questions about this exceptional product. This outstanding trading system has two basic settings: standard and test. With the standard setting, you will be able to trade in twenty-four international markets. You can also use this platform on a demo account for one week.
The IC Markets Forex trading platform is designed with two different settings: standard and practice. Suitable for new and experienced traders alike. The IC Markets platform allows you to customise your risk level and the number of trades you want to place throughout the day. The practice setting is the way to go if you are a new trader and want to trade one or two markets. Perfect for honing your skills and gaining confidence before entering into the bigger markets.
The customer service provided on this platform is top-notch. You will never feel overwhelmed or short-changed when using this service. You will always have access to an experienced technical trader who can answer any questions you may have. This service also provides traders with up-to-date news and information on any major or minor currency pairs worldwide.
The IC Markets platform provides South African traders with the tools and information they need to succeed in the financial markets. They are easy to use and very intuitive. They provide an extremely high level of security as well. Scalability is one of the best selling points of the mature trading platform.
AvaTrade - Best Fixed Spreads Broker
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 free, 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.
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 Forex Traders Pay In South Africa?
Trading with a South African broker is taxable.
For the South African tax year 2024 (1 March 2023 to 29 February 2024), Forex traders, like other taxpayers, are subject to a progressive tax rate structure. This means their tax liability depends on their taxable income. The rates start at 18% for incomes up to R237,100 and progressively increase to a maximum of 45% for incomes above R1,817,000. The specific tax brackets and rates can be found on the South African Revenue Service (SARS) website. It's important for Forex traders to consider these rates when calculating their tax liabilities on their trading income.
Any earnings you make from trading with a South African broker will be subject to tax, which must be reported to the South African Revenue Service. https://www.sars.gov.za/ is the website of the South African Revenue Service.
If you make trading earnings, you must file a Personal Income Tax form with SARS. The tax rate varies from 18% to 45%, depending on your profit. Profits can also be reported as foreign income on your ITR12. Consult a registered South African tax professional if you are not sure how to file your taxes to the South African Revenue Service. We list the 2024 South African tax rates below. This data was taken from the SARS website and may be subject to change.
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.
South Africa Brokers Common Questions
Which South African Broker Is The Best?
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.
Can I Trade Without A Broker In South Africa?
No, you need to open the account with a regulated broker first.
Which South African Brokers Are Legal?
Most South African traders use trading platforms approved by foreign regulatory bodies, the most well-known being European regulatory agencies.
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 or a central European financial regulator 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.
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
|
Roboforex
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
SpreadEx
|
FXPro
|
Admiral
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Funding |
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
|
|
|
|
|
|
|
|
|
| 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 | 74-83% 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 17 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 15 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 | 74-83% 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
|
Roboforex
|
XTB
|
XM
|
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
|
Roboforex
|
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
|
Roboforex
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| 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 | 74-83% 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