Forex Brokers in RSA
Find a list of the best Forex brokers regulated in South Africa registered with Financial Sector Conduct Authority (FSCA), for Forex trading online with ZAR accounts wherever you are in RSA, in Cape Town or in Sandton, Johannesburg, ZA.
| # | Broker | Popularity | FSCA | Bonus | Min. Deposit |
ECN (min. deposit) |
MT4 | MT5 | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
51024 | R20 | R200 | ✓ | ✓ | > Visit → | ||
|
Exness is known for its transparency and unique trading conditions, such as instant withdrawals and flexible leverage. It offers stable spreads and specific account types with distinct margin features. Key features include tick history transparency, competitive transaction costs, and around-the-clock support. Designed for volume traders and those needing flexible margin conditions. |
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| 2 |
|
47346 | R100 | ✓ | ✓ | > Visit → | |||
|
XM is a global broker with a strict no-requotes policy. It offers a unified account structure. Key strengths include negative balance protection and active support. A reliable choice suitable for both new and experienced traders. |
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| 3 |
|
49464 | $30 | R2000 | R2000 | ✓ | ✓ | > Visit → | |
|
Tickmill is a broker focused on keeping trading costs low. It offers competitive spreads and commissions. Key highlights include no requotes and allowance of all strategies including scalping. Essential for cost-conscious and professional traders. |
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| 4 |
|
45052 | n/a | ✓ | ✓ | > Visit → | |||
|
FxPro is a broker with a reputation for NDD (No Dealing Desk) execution. It offers multiple platforms and its own proprietary interface. Key features include execution statistics transparency, fund management tools, and support for algorithmic trading. A choice for serious traders requiring reliability and professional execution standards. |
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| 5 |
|
45984 | $100 | ✓ | ✓ | > Visit → | |||
|
AvaTrade is a globally present broker known for its fixed spreads and risk management tools. It offers a suite of proprietary platforms for web and mobile. Key strengths are its educational academy, stable trading environment, and specialized options trading solutions. Suitable for traders who prioritize a structured and user-friendly experience. |
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| 6 |
|
46632 | n/a | ✓ | ✓ | > Visit → | |||
|
HFM is a multi-asset broker with a global presence, offering a unified trading experience. It provides specialized account types and a social trading system. Key highlights include a loyalty program and free liability insurance. Suitable for traders seeking a full-service broker with diverse tools. |
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| 7 |
|
51268 | $50 | $500 | ✓ | ✓ | > Visit → | ||
|
Vantage is a global multi-asset broker offering ECN infrastructure. It connects traders to deep liquidity for fast execution. Key features include professional tools packages and raw ECN accounts. Suitable for traders seeking speed, reliability, and professional-grade tools. |
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| 8 |
|
50926 | $100 | $100 | ✓ | ✓ | > Visit → | ||
|
FP Markets is an Australian broker offering ECN pricing and DMA access to global equity markets. It connects traders to advanced platforms with raw spreads. Key features include deep liquidity, no dealing desk intervention, and a massive range of tradable assets. Suitable for professional traders and equity investors looking for direct market access. |
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| 9 |
|
51311 | $1 | ✓ | ✓ | > Visit → | |||
|
Admirals is a global financial hub offering a vast selection of instruments, including Stocks, ETFs, Forex, and CFDs. It provides advanced analysis tools and a comprehensive educational section. Key features include a wide range of analytical resources, competitive spreads, and a diverse portfolio of tradable assets. It is a solid choice for traders looking for market depth and analysis. |
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| 10 |
|
48500 | R2000 | > Visit → | |||||
|
|
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| 11 |
|
45276 | R2000 | R2000 | ✓ | > Visit → | |||
|
IronFX is a global broker offering multiple account types to suit every trading style, from floating to fixed spreads. It is known for its live trading competitions. Key features include a massive range of instruments, localized support, and flexible leverage. Suitable for traders who enjoy flexible trading conditions. |
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| 12 |
|
50691 | $25 | > Visit → | |||||
|
Weltrade is a customer-centric broker known for its loyalty program and fast execution speeds. It supports digital asset trading. Key features include instant withdrawals and continuous support. A choice for traders who value rewards and a community atmosphere. |
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| 13 |
|
46614 | $50 | $500 | ✓ | ✓ | > Visit → | ||
|
FXTM (ForexTime) is a global broker with a focus on education and automated solutions. It offers ECN conditions and a copy trading program. Key highlights include fast order execution, educational resources, and local support in many regions. Suitable for traders seeking education and ECN execution speeds. |
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exness
Exness is known for its transparency and unique trading conditions, such as instant withdrawals and flexible leverage. It offers stable spreads and specific account types with distinct margin features. Key features include tick history transparency, competitive transaction costs, and around-the-clock support. Designed for volume traders and those needing flexible margin conditions.
| Popularity |
|
|---|---|
| Min. Deposit | R20 |
| ECN (min. deposit) | R200 |
| FSCA | 51024 |
| Platforms | MT4 ✓ MT5 ✓ |
XM
XM is a global broker with a strict no-requotes policy. It offers a unified account structure. Key strengths include negative balance protection and active support. A reliable choice suitable for both new and experienced traders.
| Popularity |
|
|---|---|
| Min. Deposit | R100 |
| ECN | |
| FSCA | 47346 |
| Platforms | MT4 ✓ MT5 ✓ |
tickmill
Tickmill is a broker focused on keeping trading costs low. It offers competitive spreads and commissions. Key highlights include no requotes and allowance of all strategies including scalping. Essential for cost-conscious and professional traders.
| Popularity |
|
|---|---|
| Min. Deposit | R2000 |
| ECN (min. deposit) | R2000 |
| FSCA | 49464 |
| Platforms | MT4 ✓ MT5 ✓ |
| No Deposit Bonus | $30 → |
FxPro
FxPro is a broker with a reputation for NDD (No Dealing Desk) execution. It offers multiple platforms and its own proprietary interface. Key features include execution statistics transparency, fund management tools, and support for algorithmic trading. A choice for serious traders requiring reliability and professional execution standards.
| Popularity |
|
|---|---|
| ECN | |
| FSCA | 45052 |
| Platforms | MT4 ✓ MT5 ✓ cTrader ✓ |
AvaTrade
AvaTrade is a globally present broker known for its fixed spreads and risk management tools. It offers a suite of proprietary platforms for web and mobile. Key strengths are its educational academy, stable trading environment, and specialized options trading solutions. Suitable for traders who prioritize a structured and user-friendly experience.
| Popularity |
|
|---|---|
| Min. Deposit | $100 |
| ECN | |
| FSCA | 45984 |
| Platforms | MT4 ✓ MT5 ✓ |
HFM is a multi-asset broker with a global presence, offering a unified trading experience. It provides specialized account types and a social trading system. Key highlights include a loyalty program and free liability insurance. Suitable for traders seeking a full-service broker with diverse tools.
| Popularity |
|
|---|---|
| ECN | |
| FSCA | 46632 |
| Platforms | MT4 ✓ MT5 ✓ |
Vantage
Vantage is a global multi-asset broker offering ECN infrastructure. It connects traders to deep liquidity for fast execution. Key features include professional tools packages and raw ECN accounts. Suitable for traders seeking speed, reliability, and professional-grade tools.
| Popularity |
|
|---|---|
| Min. Deposit | $50 |
| ECN (min. deposit) | $500 |
| FSCA | 51268 |
| Platforms | MT4 ✓ MT5 ✓ |
FP Markets is an Australian broker offering ECN pricing and DMA access to global equity markets. It connects traders to advanced platforms with raw spreads. Key features include deep liquidity, no dealing desk intervention, and a massive range of tradable assets. Suitable for professional traders and equity investors looking for direct market access.
| Popularity |
|
|---|---|
| Min. Deposit | $100 |
| ECN (min. deposit) | $100 |
| FSCA | 50926 |
| Platforms | MT4 ✓ MT5 ✓ |
admirals
Admirals is a global financial hub offering a vast selection of instruments, including Stocks, ETFs, Forex, and CFDs. It provides advanced analysis tools and a comprehensive educational section. Key features include a wide range of analytical resources, competitive spreads, and a diverse portfolio of tradable assets. It is a solid choice for traders looking for market depth and analysis.
| Popularity |
|
|---|---|
| Min. Deposit | $1 |
| ECN | |
| FSCA | 51311 |
| Platforms | MT4 ✓ MT5 ✓ |
IronFX is a global broker offering multiple account types to suit every trading style, from floating to fixed spreads. It is known for its live trading competitions. Key features include a massive range of instruments, localized support, and flexible leverage. Suitable for traders who enjoy flexible trading conditions.
| Popularity |
|
|---|---|
| Min. Deposit | R2000 |
| ECN (min. deposit) | R2000 |
| FSCA | 45276 |
| Platforms | MT4 ✓ |
weltrade
Weltrade is a customer-centric broker known for its loyalty program and fast execution speeds. It supports digital asset trading. Key features include instant withdrawals and continuous support. A choice for traders who value rewards and a community atmosphere.
| Popularity |
|
|---|---|
| Min. Deposit | $25 |
| ECN | |
| FSCA | 50691 |
FXTM
FXTM (ForexTime) is a global broker with a focus on education and automated solutions. It offers ECN conditions and a copy trading program. Key highlights include fast order execution, educational resources, and local support in many regions. Suitable for traders seeking education and ECN execution speeds.
| Popularity |
|
|---|---|
| Min. Deposit | $50 |
| ECN (min. deposit) | $500 |
| FSCA | 46614 |
| Platforms | MT4 ✓ MT5 ✓ |
In South Africa, the trading of currencies is regulated by the Financial Services Board (FSB) and the South African Reserve Bank (SARB).
Forex trading has become increasingly popular in South Africa in recent years, with many individuals and institutions participating in the market. The South African Rand (ZAR) is a popular currency to trade due to its volatility and the fact that it is often used as a hedge against other currencies.
There are a number of ways to participate in the Forex market in South Africa, including through online trading platforms, managed accounts, and through a broker. It is important to note that the FSB and SARB have strict regulations in place to protect traders and ensure a fair and transparent market.
One of the key benefits of Forex trading in South Africa is the ability to trade 24 hours a day, five days a week. This allows traders to take advantage of market movements and fluctuations in currency values, regardless of their location or the time of day.
However, Forex trading can be risky and it is important to have a good understanding of the market before getting started. It is also important to have a trading plan and risk management strategy in place to minimize losses.
Overall, Forex trading in South Africa can be an opportunity for those who are well-informed and disciplined in their approach to the market. However, it is important to be aware of the risks and to seek professional advice before getting started.
What is Forex?
Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.
Forex trading
Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.
What is a broker?
Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.
