fbs loyalty program
octafx deposit bonus
fbs loyalty program

Forex Brokers In South Africa 2024

Forex trading is a popular investment option for South Africans, and there are a number of reputable brokers that offer services to the country. The best forex brokers in South Africa offer a wide range of features and services, including low spreads, tight spreads, and a variety of trading platforms. AvaTrade is the top-rated forex broker in South Africa, followed by Tickmill, FxPro, and Exness. When choosing a forex broker in South Africa, it is important to consider your individual needs and preferences. Some factors to consider include the type of trading you want to do, the fees charged by the broker, and the level of customer support offered.

Forex trading is legal in South Africa, but it is regulated by the Financial Sector Conduct Authority (FSCA). The FSCA requires all forex brokers that operate in South Africa to be licensed and to comply with a number of regulations.

Key regulations that forex brokers in South Africa must comply with include:

  • They must have a minimum operating capital of ZAR 5 million.
  • They must have a risk management system in place.
  • They must provide clients with clear and accurate information about the risks involved in forex trading.
  • They must not engage in any misleading or deceptive practices.

If you are considering forex trading in South Africa, it is important to choose a licensed broker that complies with the FSCA regulations.

Tickmill

Tickmill

#1 Broker In South Africa

Tickmill provides premium trading products and services with transparency and innovative technology. Tickmill is a low-cost broker that offers competitive spreads and tight spreads. Tickmill is regulated by the FCA, CySEC, and other top-tier regulators. Tickmill South Africa (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA).

Min. Deposit$100
Max. Leverage1:500
Trading DeskECN

Tickmill Review

exness

Exness

#2 Broker In South Africa

Exness is a well-established forex broker that has been in operation since 2008. They are regulated by a number of top-tier regulators, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission (FSC) in Belize.

Min. Deposit$5000
Max. Leverage1:Unlimited
Trading DeskSTP, ECN

Exness Review

cpt markets

CPT Markets

#3 Broker In South Africa

CPT Markets is a global forex broker that provides online trading services in forex, commodities, indices, and cryptocurrencies. The company was founded in 2016 and is headquartered in Belize, with additional offices in Hong Kong and Taiwan.

Min. Deposit$5000
Max. Leverage1:500
Trading DeskSTP, ECN

CPT Markets Review

FXGT

fxgt.com

Mini. Deposit : 5 US Dollar
Year Founded : 2019
Leverage : 1:1000
FXGT review

EGM Securities

EGM Securities

Mini. Deposit : 15 US Dollar
Year Founded : 2016
Reg. : Capital Markets Authority
EGM Securities review

FXPesa

Mini. Deposit : 100 US Dollar
Year Founded : 2009
Reg. : Capital Markets Authority
FXPesa review

OctaFX

octafx

Mini. Deposit : 25 US Dollar
Year Founded : 2011
Leverage : 1:1000
OctaFX review

FBS Markets

fbs markets

Mini. Deposit : 5 US Dollar
Year Founded : 2009
Leverage : 1:3000
FBS review

Tamam Brokerage

tamam brokerage

Mini. Deposit : 10 US Dollar
Year Founded : 2022
Leverage : 1:1000
TBS review

Key To Markets

key to markets

Mini. Deposit : 100 US Dollar
Year Founded : 2010
Leverage : 1:1000
Key To Markets review

FXChoice

fxchoice

Mini. Deposit : 100 US Dollar
Year Founded : 2010
Leverage : 1:200
FXChoice review

RoboForex

roboforex

Mini. Deposit : 10 US Dollar
Year Founded : 2009
Leverage : 1:1000
RoboForex review

Capital.com

Capital.com

Mini. Deposit : $250
Year Founded : 2016
Leverage : 1:30
Capital.com review

XM

XM Group

Mini. Deposit : 10 US Dollar
Spread: From 0.0 pips
Leverage : 1:888
XM review

CMC Markets

cmc markets

Mini. Deposit : 50 US Dollar
Spread : From 0.7 pips
Leverage : 1:500
CMC Markets review

BelleoFX

BelleoFX

Mini. Deposit : 100 US Dollar
Year Founded : 2020
Leverage : 1:500
BelleoFX review

AvaTrade

avatrade

Mini. Deposit : 100 US Dollar
Spread : From 0.0 pips
Leverage : 1:500
AvaTrade review

Axi

axi

Mini. Deposit : 0 US Dollar
Spread : From 0.0 pips
Leverage : 1:500
Axi review

Hantec Markets

Hantec Markets

Mini. Deposit : 10 US Dollar
Year Founded : 1990
Leverage : 1:500
Hantec Markets review

Forex trading is legal in South Africa, but there are some regulations that must be followed. Traders must use a licensed broker and declare any profits to SARS. The FSCA is the regulatory body for forex trading in South Africa. There are a number of reputable forex brokers that are licensed by the FSCA. If you are considering forex trading, it is important to do your research and choose a reputable broker. You should also be aware of the risks involved in forex trading and only trade with money that you can afford to lose.

The promotion is being shared here solely for informational purposes. Please note that this should not be considered as financial advice.

FSCA Regulated

Competitive Spread

1:1000 Leverage

50+ Awards Winner

11 Years on Market

50% Deposit Bonus

Technology Focused

Regulated Broker

No Fees on Deposits

1:1000 Leverage

Ultra-Low Spreads

Spread From 0 Pips