Top South African Brokers for 2022

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

Best South African Brokers Guide

Updated June 28, 2022

South Africa Financial Markets

South African Brokers

South Africa is one of the few countries with an economic system that constantly shows its growth. 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 650,000 active traders. By 2023, the number of active South African traders is expected to have reached over 1 million. 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 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. 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 stock exchange that you need.

The majority of 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 the 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 consider the possibility of an unregulated broker in other regions as well. Taking precautionary measures will be advised to avoid being in a financial quandary and losing your assets.

  1. IC Markets - IC Markets offer South African traders some of the best available spreads with very fast order execution speeds.
  2. Avatrade - Good South African CFD broker with some tremendous technical research tools.
  3. RoboForex - No minimum deposit, reduced spreads from 0 pips, high leverage available up to 1:300 to South African traders.
  4. XTB - South African trading fees are very low with XTB.
  5. 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.

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 have traded large columns in South Africa and have opened local offices in the country, all in accordance with 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 regulations that are well organized and trade-friendly, 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.

Forex trading is one of the largest financial markets which holds great potential for high gains at fast returns. Due to the larger volume of currency trading at convenient timings, it opens doors for many opportunities in liquidity. This marks another reason why trading in South Africa is popular for many. Forex trading markets are less risky than markets of the stock exchange. Risks can not be avoided, but with the right strategies, investors can reap the benefits of trading with minimum risks.

Apart from the high liquidity offered by forex markets with reduced transaction costs, trading is also convenient. Anyone can trade forex using a plethora of mobile apps and websites. In some cases, they may not need to buy or sell real currencies to enter forex exchange markets as it allows ample opportunities to trade in different ways. Africa’s economy is booming at a fast rate, despite the challenges it's facing. The African 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, Nigerian traders rank second, and Kenyan traders rank 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 on the internet and technology. The population has a growing middle class and a lot of potential for 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 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 Forex trading. You can buy and sell from anywhere in the world with just a few keystrokes via the best forex broker. Most importantly, most of the transactions are done online through trading tools.

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 with information about the different sectors and new trends in the market.

Growth Of South African Brokers And Investment Platforms

Economic conditions are becoming more favourable for Stock, Forex, commodities, and cryptocurrency traders in South Africa. Trading platforms from Europe are shifting their bases and turning their attention towards the economy and trading opportunities in South Africa.

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, and 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.

Another important fact you should bear in mind is the market regulations. The FSCA oversees the local trading platforms and ensures the safety of traders and investors. The agency is responsible for supervising and regulating forex traders in South Africa and platforms associated with forex. Understanding the complete regulations firsthand is crucial to your success. It is the most organized and regulated region in the entire African continent.

What Instruments Can You Trade Online In South Africa?

Telecommunications and low-cost transactions are the highlights of South African traders. There are various financial instruments that can be used to trade in forex markets. The risk and return, tenure, and investment amount that comes with each instrument decide its selection. And in South Africa, there are quite a few instruments you can trade online.

Stocks In South Africa

The shares of a company made available for trading publicly on 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 on 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 payments.

Derivatives In South Africa

Derivatives are financial contracts whose value depends on a group of assets, benchmarks, or underlying assets. They are used in the diversification of portfolios and in risk management, but can also be used to speculate on any movements in the market. Trading derivatives is huge in South Africa as many investors can transfer financial risks and diversify their investment portfolio with additional products.

ETFS In South Africa

Exchange Traded Funds, ETFs track the performance of shares, bonds, and commodities in groups or baskets. They can be bought and sold the same as shares. ETFs are used by investors to gain exposure to different sectors, types of shares, asset classes, government bonds, and commodities. For those who are new to the investment world, ETFs are the ideal instruments as it enables an investor in South Africa to invest in a wide range of asset classes via a single investment product.

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 riskier than bonds and should be invested by experienced South African 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 African economy is expected to grow by 2.5%, while the unrest effect in July 2021 may reduce the gross domestic product estimates for 2022.

The disturbance in the worldwide economy during 2020 from the Coronavirus pandemic, keeps 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 end 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, and 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

The financial system in South Africa has been the centre of global financial establishments for countless 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. Even though this constitutes only a small portion of the total global Forex market, it is nonetheless 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, which 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 is profitable for experienced traders, but it can come with high risk as well. 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

Forex brokers in South Africa are ideal for buying and selling foreign currencies at a convenient pace. In a region like South Africa where regulatory bodies are strong; 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

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 Financial Sector Conduct Authority and Financial Services Board. The South African regulatory bodies govern a code of conduct that all South African brokers must strictly observe.

All the information about the employees of the brokerage house 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.

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 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 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 it is very hard to survive unless you have years of experience under your belt. You also need to ensure that your trading in Forex 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 since there are quite many of them available. 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 its services. Plenty of discussions have been held over how South African brokers charge clients for high fees, and how they should provide decent customer services. Brokers should strive for customer satisfaction and make the fees count for the services they provide.

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. Free demo trading accounts allow new investors to get a feel for how brokerage firms operate and allow 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

A great number of 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 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 will allow you to open multiple accounts at the same time as well. This can be beneficial as now you may choose the one account that best suits your needs.

Apart from the traditional financial industry offering various online brokers, there are also those who specialize in specific areas. For example, there are Forex brokers who deal with only the Forex Market, whereas there are others 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 quite helpful for 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, is a high-risk leverage trade that is growing popular in South Africa. The terms of CFDs describe the complex systems that provide foreign investors and traders with the ability to earn profits from speculating the movements of prices without owning the underlying assets. CFDs are contracts 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 the development of its economy as it is one of the fastest developing countries in the world. South Africa faces numerous challenges from both internal and external factors, such as political and economical turmoil along with insecurity. Although these issues are not significant on a macro scale, the country faces 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, are many. There are ample moments where you will be offered the chance 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 the 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 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 the entertainment industry. All these present the perfect opportunities for trading in South Africa. Now you can choose the appropriate 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 to start your business 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 In South Africa

The IC Markets platform has been developed by a group of veteran investors who have spent years in the industry. The IC Markets 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 IC Markets Forex trading platform is designed with two different settings: standard and practice. This is perfect for new and experienced traders alike. The IC Markets 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 IC Markets 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.

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 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 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 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 log in 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 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 keep an eye on your trading activities and prevent any misuse or fraud. These features make Avatrade amongst 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.

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 may be 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 ensures the protection of your assets and protects you in the event of any unethical behavior 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 with whom you are planning to deal is not regulated, has a genuine complaint against it, or has been punished in the past for some unethical behavior, 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 broker's 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 authorized 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 due to the volatility and liquidity of the Rand currency. South Africa's 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 stabilizes 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 is 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 country's economy than traders from other countries.

South Africa Brokers Common Questions

Which South African Broker Is The Best?

IC Markets 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, IC Markets Company is at the forefront of the industry. In its relentless pursuit to remain at the forefront, IC Markets Company constantly improves and upgrades its platform.

With an exclusive technology called IC Markets 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. IC Markets 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 IC Markets. Most of the time, their customer support service is very prompt and efficient, as a majority of their clients rely on them so much. IC Markets does not even charge any fees 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 that 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 South African Broker Is The Best For Forex?

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 organize the buying and selling of trades, but they can also combine trades in bulk to get better prices on financial instruments. As a result, South African brokers can buy and sell trades in a faster and more cost-effective way than 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. These are the ideal aspects that investors look for when searching for brokers to assist them in buying and selling foreign currencies. We have listed the top brokers in South Africa, regulated, fully licensed, and reliable.

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. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider 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 2022 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 IC Markets Roboforex AvaTrade XTB Pepperstone XM NordFX FP Markets Trading212 Plus500 EasyMarkets
Rating
locality IC Markets accept South African clients Roboforex accept South African clients AvaTrade accept South African clients XTB accept South African clients Pepperstone accept South African clients XM accept South African clients NordFX accept South African clients FP Markets accept South African clients Trading 212 accept South African clients Plus500 accept South African clients easyMarkets accept South African clients
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa 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 Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Min Deposit 200 1 100 No minimum deposit 200 5 1 100 1 100 100
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 180,000+ 10,000+ 300,000+ 250,000+ 89,000+ 3,500,000+ 10,000+ 10,000+ 15,000,000+ 15,500+ 142,500+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • 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
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps 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
icmarkets
Sign Up with
roboforex
Sign Up with
avatrade
Sign Up with
xtb
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
nordfx
Sign Up with
fpmarkets
Sign Up with
trading212
Sign Up with
plus500
Sign Up with
easymarkets
Risk Warning Losses can exceed deposits Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider 74% 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. 74-89 % of retail investor accounts lose money when trading CFDs CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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 Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 73% 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. Your capital is at risk
Demo IC Markets
Demo
Roboforex
Demo
AvaTrade
Demo
XTB
Demo
Pepperstone
Demo
XM
Demo
NordFX
Demo
FP Markets
Demo
Trading 212
Demo
Plus500
Demo
easyMarkets
Demo
Excluded Countries AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US, JP BE, BR, KP, NZ, TR, US, CA, SG US, IN, PK, BD, NG , ID, BE, AU AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW US, CA, IL, KR, IR, MM, CU, SD, SY US, CA, EU, RU, SY, KP, CU US, JP, NZ US, CA MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE US


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 2022 article further below. You can see it now by clicking here

We have listed top South african brokers below.

South African Brokers List

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 ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
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 ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% 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 ECN 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies 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 ECN account
Islamic account XM Zero account VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
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 ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

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 ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 73% 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 ECN 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
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 ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits