We found 11 online brokers that are appropriate for Trading South African Brokers.
When it comes to online trading in South Africa, the infrastructure has already been there for the avid traders for the last 5 years.
You can find numerous brokers in South Africa which you can use to trade various asset classes. At this point, it is highly possible to diversify your investment portfolio in the South African Trading platform.
In terms of stock exchange, South Africa has the top name as Johannesburg Stock Exchange or JSE. It is the biggest exchange in Africa and 19th biggest in the world.
What Does this Mean for South African Traders?
There are a lot of opportunities to invest and trade to make an enormous amount of money. Whether you are in South Africa or out of the country, you will have great opportunities to trade and invest just like many other people.
As mentioned, there are a lot of brokers that you can find in South Africa and it might be daunting for you to pick the best one. Here are a few tips on how to select the best brokerage in South Africa.
Before selecting your brokerage, you will need to select the market first.
You need to know what you are going to trade or invest. After deciding the market, you could proceed in choosing the brokerage.
You will discover everything from the best trading platform that provides you every asset, to the best trading app which focuses only on several asset classes. From time to time, you will note the pros and cons of every platform, which can be your consideration.
Weigh certain variables when choosing your brokerage. You have to be able to locate brokers who will satisfy your needs and requirements..
As you have narrowed down the list based on their ratings, you need to compare them for deeper insights.
Look at the broker reviews and you should be able to discover the strengths and weaknesses but more importantly, you will want to discover their offers. Find ideas from every broker and what makes them different from each other.
One would not really know unless they try it for themselves. The same things go to you too. Use the demo account to assess the brokerage’s features and quality.
Before proceeding with your choice, you will need to cover all the basis about trading. This will help you to brainstorm the ideas about what is the most ideal brokerage for you.
The more you learn about trading, the more you will know what you really want. Therefore, it will be much easier to decide which site that can cater to your needs most.
The quality of the trading brokerage is your priority and must be your safety. You will only need to focus on brokerages which are regulated with the official licenses issued from the formal regulatory institutions in the world.
In the market, the renowned regulatory bodies which arrange the licenses are Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). If the brokerage you search for is licensed and regulated by one of these two, then you are good to go.
The two regulatory bodies above will be prevalent if your trading brokerages are offshore.
For those who want to trade from the South African brokerage, you could focus on the top brokerages who have licenses issued by FSCA - Financial Sector Conduct Authority.
FSCA is the South African regulatory body whose sole purpose is to monitor and regulate all of the financial institutions and groups in the South Africa country.
This includes the trading brokerages as well as the Johannesburg Stock Exchange. When you notice that your brokerage has the licenses from the FSCA, you must not be worried as your money and account will be protected well.
You can start by selecting the best trading platform that you find after seeing our advice above. Make sure that the platform you choose is legally operating in the country. After finding the right broker for you, you will be able to learn how it works from the beginning to the end.
To start trading in South Africa, you will need the minimum deposit amount to activate your brokerage account. The deposit amount will be different from one brokerage to another.
It usually ranges from $25 to $250 as the amount of the initial deposit. But before starting the trade, it is recommended to spare money that you are ready to lose. Do not forget the main rule of trading through the brokerage and never invest the funds that you cannot afford to lose.
We have conducted extensive research and analysis on over multiple data points on South African trading platforms to present you with a comprehensive guide that can help you find the most suitable South African trading platforms. Below we shortlist what we think are the best south African Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching South African trading platforms.
Selecting a reliable and reputable online South African Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade South African Brokers more confidently.
Selecting the right online South African Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for south African Brokers trading, it's essential to compare the different options available to you. Our south African Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a south African Brokers broker that best suits your needs and preferences for south African Brokers. Our south African Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top South African Brokers.
Compare south African Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a south African Brokers broker, it's crucial to compare several factors to choose the right one for your south African Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are south African Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more south African Brokers that accept south African Brokers clients.
Broker | IC Markets | Roboforex | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), 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), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
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Up with nordfx |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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 | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
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 2024 article further below. You can see it now by clicking here
We have listed top South African Brokers below.