Forex Brokers in South Africa

Whether you are in Cape Town atop Table Mountain or roaming through wine country or the Kruger National Park, South Africa is a “jewel” that most travelers fail to visit due to the long distance flight times required. Make no mistake about it, however, this country is connected to global commerce in a big way, and retail forex trading is just as popular here as anywhere else. The nation benefits from the infrastructure long established during years gone by and offers greater protection against forex fraud than what is available in most other parts of this region.

That is not to say that retail forex trading is a part of the mainstream in the country, at least not yet. While still at a very early stage, the finance sector of South Africa is one of the most liberalized and advanced ones on the continent and has the greatest potential for retail forex brokers. There are many well-established forex brokers, including many of the major banks in the country, with longstanding ties to Europe and the London trading establishment.

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• How to Start CFD Trading in South Africa
• The Best Time to Trade Forex in South Africa
• Is Forex Trading Legal in South Africa?
• The Best Forex Brokers in South Africa

Broker	Features	Regulator	Platforms	Next Step
Between 74-89% of CFD traders lose Founded: 2010 Between 74-89 % of retail investor accounts lose money when trading CFDs	Low trading costs Great market flow Research and analysis which helps spot trades Wide range of Copy and Social Trading options Limited range of non-forex markets Read Pepperstone Review	ASIC, FCA	MetaTrader 4, MetaTrader 5, cTrader	Sign Up OPEN FREE DEMO ACCOUNT Read Pepperstone Review
Your capital is at risk Founded: 2006 Europe* CFDs ar...	Multi-asset broker offering a wide variety of markets Strong regulatory framework Innovative risk management tools Choice of market-leading platforms Wide spreads on some markets Expiry date on Demo Accounts Read AvaTrade Review	ASIC, FSA, FSB, MiFID	MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader	Sign Up OPEN FREE DEMO ACCOUNT Read AvaTrade Review
Your capital is at risk Founded: 2014	User-friendly platform with great trade-analysis tools Leverage Up To 1:500 Spreads as low as 0.00 pips Quality trade execution thanks to high-spec IT infrastructure $0 minimum account opening balance 26,000 tradeable instruments Not available in all jurisdictions Regulatory infrastructure Read BlackBull Review	FSPR	MT4	Sign Up OPEN FREE DEMO ACCOUNT Read BlackBull Review
Your capital is at risk Founded: 2009, 2015, 2017	Low minimum deposit Super- tight bid-offer spreads Impressive trading platforms Tier-1 regulators Difficult to contact tech support No Crypto Read XM Group Review	ASIC, CySEC, IFSC	MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5	Sign Up OPEN FREE DEMO ACCOUNT Read XM Group Review

Read our reviews of more forex brokers that did not make our top list above: