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've collected thousands of datapoints and written a guide to help you find the best South African trading platforms 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. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online South African Brokers trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top South African Brokers.
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 Brokers clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | 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) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with etoro |
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Up with icmarkets |
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Up with xtb |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with plus500 |
Sign
Up with pepperstone |
Sign
Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 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. 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. | 76.4% 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. | 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 | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | 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, | 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, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
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.