Top South African Brokers for 2021

We found 11 online brokers that are appropriate for Trading South African.

Best South African Brokers Guide

Updated September 23, 2021

South Africa Financial Markets

South African Brokers

There are over an estimated 650,000 active South African traders in South Africa, and this number is expected to reach over 1 million active South African traders by 2023. To cater to the growing rise in online trading, 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 lots of highly regulated advanced trading platforms available for their use. Many South African brokers offer Low Forex fees and easy account opening. Low spreads and super-fast order execution with low trading spreads from 0 pips. We list some of the best trading platforms for South Africans below.

If you are interested in trading in South Africa, the first step you are 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. When you are trading in South Africa or any other country apart from your country of residence, you have a couple of choices. You can decide to open an account with a local broker located in the country that 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 stocks exchange that you need.

  1. eToro - A best social trading platform available to South African Traders with over 20 million users worldwide.
  2. XTB - South African trading fees are very low with XTB.
  3. Avatrade - Good South African CFD broker with some tremendous technical research tools.
  4. IC Markets - IC Markets offer South African traders some of the best available spreads with very fast order execution speeds.
  5. RoboForex - No minium deposit, reduced spreads from 0 pips, high leverage available up to 1:300 to South African traders.
  6. Plus500 - Good South African broker for trading CFDs.

Why South Africa is Experiencing Record 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.

Apart from the high liquidity offered by the Forex market with a reduction in transactional costs, anybody can now trade Forex on their mobile device. Africa’s economy is booming at a fast rate, even though of challenges it's facing. The continent remains one of the most lucrative continents all over the world.

Trading In South Africa

The trading industry has developed in South Africa with many new traders. This has increased demand for safe trading platforms and activity among South African investors, interested brokers, and the regulated South African finance sector.

South Africa is leading the way in terms of 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, Nigeria traders rank second, and Kenyan traders ranked Fourth.

The South African population and economy are increasing at a fast rate, thus, there is an increasing consumer base for the traders. There are many business and investment opportunities in South Africa. South Africa has a very young population mostly educated in the internet and technology. The population has a growing middle class and a lot of potential for the investors.

The South African financial market is very liquid and can be volatile. The most important reason for investing in south Africa is the low cost market and the steady growth in the market. The other reasons are the 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 you are transacting in the Forex trading. You can buy and sell from anywhere in the world with just a few keystrokes. Most importantly, most of the transactions are done online.

The economic growth in south Africa is expected to keep on rising. There is more investment in the financial sector. The professionals are well equipped and trained to carry out the transactions and close transactions successfully. The brokers help you buy and sell in the financial market. The brokers also provide you information about the different sectors and new trends in the market.

Growth Of South African Brokers And Investment Platforms

In south Africa conditions are becoming more favorable for Stock, Forex, commodities and cryptocurrency traders. Now trading platforms in Europe, are shifting their attention towards South African traders and the South African economy. South Africa offers both a lucrative economy and comparatively low operating expenses. However, it is important to note that although South Africa has become an attractive proposition for Forex traders, you should not think that the same will be true across the entire continent. Rather, certain rules apply to each country and region. For example, trading in South Africa requires you to follow all applicable laws.

The first factor to consider when you start Forex trading in South Africa is to know exactly what you want to get from your investment decisions. You should be aware of what you want to accomplish from the venture, and how much risk you are willing to face. Will you be taking a short term position (selling your currency when it reaches a lower price), or do you want to hold out and wait for better times? Many investors find that they can make good money trading in South Africa when they buy the local currency at a low price, then sell for a profit when things pick up. Others prefer to hold out and hope that the market will eventually turn, but they still make money by buying and selling at regular intervals.

What Instruments can you Trade online in South Africa

Stocks in South Africa

The shares of a company made available for trading public in the South African stock exchange are called stocks. The allotment of the shares happens when a company decides to go public. The shares are launched in the exchange, which is to be traded in the stock exchange or stock market. You can either buy or sell as a trader within the day, or you take the delivery of the shares to your account.

Bonds In South Africa

The units of the total debt the South African government or investors raise from corporates are called bonds. Bonds tend to be less risky than buying shares because buying shares as a bond repayment has more priority than shareholder's payments.

Debentures In South Africa

Instruments used for Loan issuing are called debentures; the capital for debentures can be raised during the ongoing business cycle; they also have higher rates compared to bonds because they have no collateral backing. They are also risker than bonds and should be invested by experienced investors.

Crypto Trading In South Africa

South Africa possesses the most sophisticated financial sector on the continent; the country was now walking a different path when it sensed a significant increase or boom in the crypto trade in the county, Africa, and the financial market generally. The country recognizes cryptocurrencies as a growing investment sector and taxable asset.

South Africa Economy And COVID

The South Africa economy is expected to grow by 2.5%, while the unrest effect in July 2021 may reduce the gross domestic product estimates for 2021.

The disturbance in the worldwide economy during 2020 from the Coronavirus pandemic, keeps on having delayed repercussions that sway the monetary recovery in South Africa and the rest of the world.

In the interim, South Africa is falling behind its developing business sector peers in carrying out Coronavirus inoculations. Before the finish of July, the nation had wholly immunized just 4.8% of the populace.

South African Investment Strategies

When you are looking for a suitable broker to assist you in your south African trading plans, it is worth investigating some trading investment strategies, trying some South African trading platforms and their analysis tools. One of the most important factors in determining the success of a South African broker is the quality of service and education they are able to offer.

South African Financial System

South Africa's financial system has been a world financial center for many centuries.

South Africa also known as SA or Republiek van Suid-Afrika has a number of established reputable financial markets.

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 the development of infrastructure around the country. While this constitutes only a small portion of the total global Forex market, it nonetheless is a market that is 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 the fact that even small investors (that would be you and I) can get access to 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 to gain exposure to this exciting trading market on a regular basis. 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 operating from their own 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 turnover of the shares in the company, the stock market is largely controlled by non-financial companies, like mining companies. This means that the rates are set by regulatory bodies, who determine the profitability of the companies based on the overall health of the market and the state of the economy. Regulators usually intervene once the market starts to become unevenly balanced. In fact, this is one of the reasons why the government encourages private investment in the country's economy.

Trading in South Africa

South African Forex trading for experienced traders can be profitable. However it can be high risk. Due to political and economic issues in South Africa. Currency trading is done through South African brokers or agents. There are different types of Forex trading that are done through brokers.

Forex Brokers In South Africa

Follow All Licensing and Regulations

The term Forex Broker is used to refer to those in the financial industry who facilitate the 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 a high-risk undertaking; hence brokers are expected to follow all governmental regulations and standards. All brokers have to register with the Commodity futures Trading Commission and follow all applicable financial regulatory guidelines. Forex brokers in South Africa also need to keep themselves 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 it is essential for these brokers to follow all regulations and rules laid down by financial regulatory law. The role of the South African The Financial Sector Conduct Authority and Financial Services Board. The South African regulatory bodies govern a code of conduct which all South African brokers must strictly observe.

All the information about the employees of the brokerage house need to be kept in the 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.

Adequate Customer Service From South Afrian Brokers

All well regulated South African broker firms offer a high level of service. The only thing that distinguishes them is their business models. Many of these brokerage firms are highly specialized in providing service to a small number of traders, whereas other firms that have large customer bases tend to specialize in providing service to everyone.

This is where you need to be careful. If the South African broker you are considering trying out does not provide good customer service then they will not be around for long. The days when the biggest brokerage firms was the best to work with are over. Nowadays, the market is competitive and it is very hard to survive unless you have a lot of experience under your belt. You also need to ensure that your trading in FX or stocks is done through a broker who is willing to provide you with outstanding service.

It can often be difficult to determine whether an FX firm is good or bad, particularly because there are so many of them. Most people join one, because they are told by friends that 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 fees for their services. There is a lot of talk about how South African brokers should charge clients but they should provide decent service and this should include customer service.

Offers A Demo Account to South Africans

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. Free demo accounts allow new investors to get a feel for how brokerage firms operate and allows brokers to gauge interest before committing themselves financially.

In order to obtain a demo account, you will need to open a brokerage account with the South African broker of your choice. Once you have chosen a South African brokerage firm, you will need to open a demo account. This is a separate account from your primary account. This lets you play around with how trades are executed, and gives you the opportunity 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 when you run into any problems.

Ease Of Deposits And Withdrawals For South Africans

There are a number of trading platforms on offer for South African traders. These trading platforms offer the ease of making deposits as well as 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 also allow you to open multiple accounts at the same time. You may choose the one that best suits your needs.

Apart from the traditional financial industry offers various online brokers, there are also those who specialize in specific areas. For example, there are Forex brokers who deal with only Forex Market, whereas there are other who also deal with Stocks, commodities, indices, ETFs, cryptocurrencies and CFDs. They also offer various tips on how you can make the most out of your investment.

Forex brokers also offer various tools and calculators to help you assess the present market. They also guide you on various things such as trends in the market, and how different currencies and markets affect each other. These calculators are very helpful for the beginners as they can use them to understand the complex and fluid nature of the Forex market. There are also many news websites and articles available that would guide you on the latest happenings in the industry. It is not difficult to keep up with the latest developments in the Forex Market.

South African CFD Trading

CFD trading, short for Contracts for Difference, are a high risk leveraged trade becoming popular in South Africa which describes the complex system that provides foreign investors and traders the ability to earn profits from speculating on the movements of price without actually owning the underlying assets. CFDs are a contract between the trader and the broker that allow traders and investors to speculate on changes in the value of contracts. CFDs are not traded on traditional exchanges; instead they are traded over the counter (OTC). CFDs allow you greater exposure to the market than your deposited amount but are very high risk.

Opportunities of Trading in South Africa

In the world of commodity trading, South Africa offers an excellent opportunity. The country has a huge potential for development of its economy as it is one of the fastest developing countries in the world. The country is also facing numerous challenges to overcome from internal and external factors such as political and economic turmoil and insecurity. Although these issues are not so significant on a macro scale, but South Africa is facing them as a result of its own failure to implement the necessary reforms that will boost its economy.

Opportunities of Trading in South Africa therefore offers you an excellent opportunity to buy stocks at low prices and sell them when the prices go up. However, there are risks involved in this kind of trading. Since this is a very speculative business, you may face many unforeseen issues or risks that can put your trading in jeopardy. Therefore, you need to be equipped with right information and strategies regarding the risks involved and use appropriate trading techniques.

One of the major risks of trading in South Africa is the high level of alleged corruption that is widespread in the country. There are various reports and news articles about the corrupt dealings going on in the country, which make traders avoid doing business with this country altogether. In addition to this, 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 an opportunity to earn great profits by trading in South Africa. Opportunities of Trading in South Africa include gold mining, diamonds and oil exploration and production.

Opportunities of Trading in South Africa also includes the possibility of investing in various industries in the country such as textiles, petroleum, cement and the entertainment industry. You can choose the most appropriate opportunity that best suits your needs and financial objectives. You can do research online for more details on different trading options.

Best South African Brokers

eToro – Best South Africa Broker For Social Trading

eToro is the best South Africa broker for social trading. eToro has a unique trading platform with an unprecedented level of functionality and tools that allows its users to achieve financial success. eToro is based on two basic pillars of commitment, security and trust, which has earned it the trust and respect of millions of its registered users. This is in stark contrast to other brokers in the market who have not paid sufficient attention to these main areas.

eToro's platform is unique in many ways. It has an intuitive user interface which makes navigation of its features simple and fast. It also has a feature-rich and easy to use reporting system which automatically informs you of the state of your accounts, giving you detailed reports on all aspects such as your buy/sell activities and overall progress. In addition, it also offers the best in real time trading news updates and analysis, giving you all the latest information on the trends and strategies used by professional traders around the world to trade on the financial market.

Avatrade – Best Fixed Spread CFD Broker

If you are looking for a trusted and reliable online trading platform, Avatrade is a great choice. Avatrade is a leading online broker 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 is its ability to offer its clients a number of 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 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 level of experience. You will only need your personal 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 login to. You can set up alerts so you are notified when an ideal time to trade has come along.

The fixed spreads are what make Avatrade stand out from other online trading platforms. These are the minimum losses that you should incur when you buy and sell a stock. Some traders want to minimize their losses as much as possible. With Avatrade, however, since there are no margin requirements, this is not an issue. You will still be able to maximize your profits and minimize your losses with its risk management features.

One of the many features that makes Avatrade stand out from other financial asset traders is its risk management system. Since spreads are the way in which traders make their money, they are also considered a type of risk. Traders want to minimize their losses, but if they do not, they run the risk of losing all of their capital. This is why Avatrade has a risk management system through which trades are made using predetermined spreads. This ensures that 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 feature 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 keep an eye on your trading activities and prevent any misuse or frauds. These features make Avatrade amongst the most reliable of its competitors.

XTB Trading

The XTB trading platform has been developed by a group of veteran investors who have spent years in the industry. The XTB team has put together an innovative and robust system that is constantly being refined and updated for speed, security, scalability, and profitability. The system is a free, fully automated trading platform that is 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 designed to assist customers with any questions they may have about this exceptional product. There are two basic settings to this outstanding trading system: standard and test. With the standard setting you will be able to trade in twenty-four international markets. You will also be able to use this platform on a demo account for one week.

The XTB trading Forex trading platform is designed with two different settings: standard and practice. This is perfect for new and experienced traders alike. The XTB trading platform allows you to customize your risk level and customize the number of trades that you want to place throughout the day. If you are a new trader and want to trade one or two markets, the practice setting is the way to go. This is 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 will be able to answer any questions that you may have. This service also provides traders with up to date news and information on any major or minor currency pairs around the world.

The XTB trading platform provides South African traders with all of the tools and information they need to become successful in the financial markets. They are easy to use and are very intuitive. They provide an extremely high level of security as well. The scalability is one of the best selling points of the mature trading platform.

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.

Any earnings you make due to 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 any trading earnings, you must file a Personal Income Tax form with SARS. The tax rate varies from 18 percent to 45%, depending on the amount of profit you made. Profits can also be reported as foreign income on your ITR12. Consult a registered South African tax professional if you're unsure how to file your taxes to the South African Revenue Service. We list the 2022 South African tax rates below. This data was taken from the SARS website and may be subject to change.

How Much Tax Do Forex Traders Pay In South Africa?

Trading with a South African broker is taxable.

Any earnings you make as a result of 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 any trading earnings, you must file a Personal Income Tax form with SARS. The tax rate varies from 18 percent to 45%, depending on the amount of profit you made. 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 2022 South African tax rates below. This data was taken from the SARS website and maybe subject to change.

South African 2022 tax year (1 March 2020 – 28 February 2021)

​Trading Taxable income in Rand ​Rates of tax in Rand
1 – 216,200 Rand18% of taxable income
216,201 – 337,800 Rand38,916 + 26% of taxable income above 216,200 Rand
337,801 – 467,500 Rand70,532 + 31% of taxable income above 337,800 Rand
467,501 – 613,600 Rand110,739 + 36% of taxable income above 467,500 Rand
613,601 – 782,200 Rand163,335 + 39% of taxable income above 613,600 Rand
782,201 – 1,656,600 Rand229,089 + 41% of taxable income above 782,200 Rand
1,656,601 Rand and above587,593 + 45% of taxable income above 1,656,600 Rand

How To Check A South African Brokers Regulation

Regulation is important because it assures 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 African 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 with whom you are planning to deal with is not regulated, has a genuine complaint against it, or has been punished in the past for some unethical behaviour, you should avoid them. Also, never use a broker that is not regulated by at least one top regulator, such as the FSCA, FCA, CySEC, or ASIC.

You can do this by searching for your brokers name or regulatory number on the websites of the related financial regulators, as most of them have public search capabilities.

What Forex Leverage Limits Are Available In South Africa?

The amount of leverage a South African broker is authorised to offer is not regulated by the 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 leverage is regulated by your trading history and the discretion of the South African broker.

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.

The South African Rand in Forex Trading

For South African Forex traders the South African Rand is a popular choice is due of the volatility and liquidity of the Rand curreny. South Africas economy belongs to a group of rising economies, which have a better chance of earning good returns on official currencies than other, more established markets. The Reserve Bank of South Africa stabilises the Rand versus other currencies to some extent, giving it some free floating space that can be exploited for profit as it fluctuates more wildly against other, more stable currencies.

The Rand is a widely traded currency on Forex markets and is included in a variety of currency pairs. The most common are the GBP/ZAR and the USD/ZAR pairs as the two currencies are more easily compared and analyzed against the Rand, as opposed to other options. This is why most South African traders are interested in Forex trading: they not only have a wealth of resources regarding the USD and GBP, but they also have a better understanding of their own countrys economy than traders from other countries.

South Africa Brokers Common Questions

Which South African Broker Is The Best?

XTB Trading broker is one of the best for trading in South Africa. With more than 15 years of experience in FX trading and services for both online and offline Forex trading, XTB Trading Company is at the forefront of the industry. In their relentless pursuit to remain at the forefront, XTB Trading Company constantly improves and upgrades their platform.

With an exclusive technology called XTB Trading Company is able to provide clients with a real-time execution experience. This is made possible through an exclusive web-based interface, which eliminates the need for expensive internet connection fees and other expenses. XTB Trading also makes available various features and services for their traders including live streaming news and information, the ability to manage multiple accounts, customer support and deposit features. There are many more features, which you can check out on their website.

If you need help with anything related to trading or have any problems with your account, there are various ways that you can get access to customer support from XTB Trading. Most of the time, their customer support service is very prompt and efficient, as most of their clients rely on them so much. XTB Trading does not even charge any fee for this service, which is quite uncommon in this industry. Also, they offer different currency pairs for their clients so that they can make the most out of their investments. They also provide their clients with technical and fundamental analysis tools, which are invaluable tools in making sound trades.

One of the things that most new traders ask about is whether or not the broker offers a demo account. The reason why it's important to have a demo account is because it allows one to learn the various aspects of trading without actually having to risk any money. It is ideal for those who do not want to lose money while still learning. In fact, most successful traders recommend that traders open a demo account before they start trading with real money. You can learn how to track the various indicators, read the news and signals and so on.

Which Broker Is The Best For Forex?

The IC Markets is arguably one of the best Forex trading platforms available to traders. With many years of experience in the industry, IC Markets has compiled a huge library of profitable strategies for you to use. It's important to note that the IC Markets are based on a simple concept: stop loss and take profit. With this setup, you can let your trades dictate when you get out while at the same time keeping a close eye on your profits to ensure you don't go too far in the loss department.

Can I Trade Without A Broker in South Africa?

No this is not possible. South African brokers not only organise the buying and selling of trades, but they can also combine trades in bulk to get better prices on financial instruments. As a results South African brokers can action buy and sell trades at a faster and more cost effective way they an individual trader can.

Which South African Brokers Are Legal?

The majority of South African traders use trading platforms approved by foreign regulatory bodies, the most well-known of which 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 list brokers that are legal in South Africa below.

The best South African brokers have Low trading fees and easy account opening. Low spreads and super-fast order execution and spreads from 0 pips with fast order execution.

Best South African Brokers

We've collected thousands of datapoints and written a guide to help you find the best South African Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best south african brokers below.

Trading in South Africa

When trading in South Africa you will need to know what your options with your South Africa trading broker are.

We list below the trading account types available in South Africa. If you are looking for brokers in South Africa that are suitable for trading in the Forex, CFD's, Indices 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

Forex trading is growing in popularity in South Africa. The volume of Forex traded in South Africa has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in South Africa and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in South Africa?

Their is a misconception that trading Forex on the financial market in South Africa is considered unsafe. This is not the case, Forex trading in South Africa is very active.

Trading in Forex is allowed in South Africa as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. South Africa Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

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. South Africa taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in South Africa. You should seek advice with a South Africa tax professional to ensure they are abiding by all proper tax laws in South Africa. In South Africa Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in South Africa

Cryptocurrency markets in South Africa are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in South Africa things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in South Africa for example.

Due to a large young population in South Africa with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in South Africa. $6 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

There are a number of important factors to consider when picking an online South African trading brokerage.

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.

Our brokerage comparison table below allows you to compare the below features for brokers offering South African Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 South African Brokers of 2021 compared

Here are the top South African Brokers (ZA).

Compare South African Brokers min deposits, regulation, headquarters, benefits, funding methods and fees 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 eToro XTB IC Markets AvaTrade Roboforex Pepperstone XM FP Markets Plus500 FXPrimus EasyMarkets
Rating
locality eToro accept South African clients XTB accept South African clients IC Markets accept South African clients AvaTrade accept South African clients Roboforex accept South African clients Pepperstone accept South African clients XM accept South African clients FP Markets accept South African clients Plus500 accept South African clients FXPrimus accept South African clients easyMarkets accept South African clients
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) Cyprus Securities and Exchange Commission (CySEC) 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 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Min Deposit 50 No minimum deposit 200 250 1 200 5 100 100 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 20,000,000+ 250,000+ 180,000+ 200,000+ 10,000+ 89,000+ 3,500,000+ 10,000+ 15,500+ 10,000+ 142,500+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
xtb
Sign Up with
icmarkets
Sign Up with
avatrade
Sign Up with
roboforex
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
fpmarkets
Sign Up with
plus500
Sign Up with
fxprimus
Sign Up with
easymarkets
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. 77% 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. Losses can exceed deposits 72% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Your capital is at risk Losses can exceed deposits 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Losses can exceed deposits Your capital is at risk
Demo eToro
Demo
XTB
Demo
IC Markets
Demo
AvaTrade
Demo
Roboforex
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Plus500
Demo
FXPrimus
Demo
easyMarkets
Demo
Excluded Countries ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, US, IN, PK, BD, NG , ID, BE, AU AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA BE, BR, KP, NZ, TR, US, CA, SG US, JP BR, KR, IR, IQ, SY, JP, US US, CA, IL, KR, IR, MM, CU, SD, SY US, JP, NZ MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US

eToro Risk Disclosure

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


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 2021 article further below. You can see it now by clicking here

We have listed top South african brokers below.

South African Brokers List

eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 77% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

Learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.