Forex brokers in South Africa

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This is a complete list of onlone forex brokers in South Africa.

The Financial Services Board (FSB) is the goverment of South African financial regulatory agent that oversees the non-banking financial services industry, which includes.

  • investment institutions
  • Retirement funds
  • insurance
  • Funerals
  • Financial advisory
  • Capital markets
  • Nominee companies
  • Collective investment schemes

FSB is in charge of the licensing process of financial service providers, it is responsible for ensuring that the regulated entities comply with the relevant legislation as well as the capital adequacy requirements to promote financial soundness of these entities and thereby protecting the investing community.

Moreover, the FSB has enforcement powers to deal with breaches through the enforcement committee, and also runs a customer complaints service.and there is a separate appeals board that can be approached by anybody aggrieved by a decision of the FSB or it’s executive officers

With  forex trading allowed and well-regulated by the FSB and with relatively few limitations, such as the investment limit of R5 million.

Below is a list of forex brokers operating in South Africa with minimum deposit, maximum leverage, trading platform and broker type.

ACM GoldForex brokers in South Africa
  • Min. Deposit: R5000

  • Max. Leverage: 1:500

  • Broker type: MM

  • Platforms: MT4, web

  • Operating since: 2004


ALFA FINANCIALSForex brokers in South Africa
  • Min. Deposit: $1000

  • Max. Leverage: 1:100

  • Regulated by: FSB

  • Broker type: ECN

  • Platforms: Alfa Trader

  • Operating since: 2014


AvaTradeForex brokers in South Africa
  • Min. Deposit: $100

  • Max. Leverage: 1:400

  • Regulated by: FSB, FCA

  • Platforms: MT4, AvaTrader

  • Broker type: MM


BlackStone FuturesForex brokers in South Africa
  • Min. Deposit: R5,000

  • Max. Leverage: 1:100

  • Regulated by: FSB

  • Platforms: MT4, CloudTrade

  • Broker type: NDD


CM TradingForex brokers in South Africa
  • Min. Deposit: $250

  • Max. Leverage: 1:200

  • Platforms: FCA

  • Regulated by: FSB, FCA


FXCM
  • Min. Deposit: $50

  • Max. Leverage: 1:500

  • Regulated by: FSB, FCA

  • Platforms: MT4, Ninja Trader, Trading Station

  • Broker type: NDD


Fx ProForex brokers in South Africa

Min. Deposit: $100


Max. Leverage: 1:500


Regulated by: FSB, FCA


Platforms: MT4, MT5, FxPro Markets, cTrader


Broker type: NDD



FXTMForex brokers in South Africa

Min. Deposit: $100


Max. Leverage: 1:500


Regulated by: FSB, FCA, CySEC, IFSC


Platforms: MT4, MT5, Web


Broker type: NDD


 

Payment options: credit/ debit card,  bank wire transfer, skrill, Neteller, webmoney, western Union, Payza, Qiwi



Hot forexForex brokers in South Africa
  • Min. Deposit:  $5

  • Max. Leverage: 1:1000

  • Regulated by: FSB, FCA

  • Platforms: MT4, MT5, Web

  • Broker type: ECN+ MM

IGForex brokers in South Africa
  • Min. Deposit: $1000

  • Max. Leverage: 1:200

  • Regulated by: FSB, FCA

  • Platforms: MT4, 2Deaer,,ProRealTime

  • Broker type: ECN


Top 20 most recommended and reliable forex brokers in the world
 Iron FxForex brokers in South Africa
  • Min. Deposit: $100
  • Max. Leverage: 1:500
  • Regulated by: FSB, FCA
  • Platforms: MT4
  • Broker type: ECN
JP marketsForex brokers in South Africa
  • Min. Deposit: $3500
  • Max. Leverage: 1:500
  • Regulated by: FSB, FCA
  • Platforms: MT4
  • Broker type: ECN
Khwezi TradeForex brokers in South Africa
  • Min. Deposit: R500
  • Max. Leverage: 1:200
  • Regulated by: FSB, FCA
  • Broker type: MM
  • Platforms: MT4
Markets.com
  • Min. Deposit: $100
  • Max. Leverage: 1:300
  • Regulated by: FSB
  • Broker type: ECN+ MM
  • Platforms: Mobile,Sirix Web
  • Operating since: 2011
OINVESTForex brokers in South Africa
  • Min. Deposit: $100
  • Max. Leverage: 1:500
  • Regulated by:  FSB
  • Platforms: MT4
  • Broker type: ECN
Plus500Forex brokers in South Africa
  • Min. Deposit: $100
  • Max. Leverage:
  • Regulated by: FCA,ASIC,CySEC
  • Platforms: mobile, web
  • Broker type: ECN
Saxo Capital MarketsForex brokers in South Africa
  • Min. Deposit: R15,000
  • Max. Leverage: 1:66
  • Regulated by: FSB
  • Platforms: SaxoTrader, Web
  • Broker type: ECN
XTRADERForex brokers in South Africa
  • Min. Deposit: $100
  • Max. Leverage: 1:400
  • Regulated by: CySEC
  • Platforms: Xtrader Pro ( no MetaTrader)
  • Broker type: Market maker
  • Payment options: credit/ debit card, PayPal, bank wire transfer, Neteller, Skril, webmoney, POLi, Alipay, QIWI, mister cash

I hope I didn’t miss any South African broker, if I did, let me know in the comment section below and I will add it. Thanks!

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