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Top Ten Forex Brokers for Traders in South Africa


The brokers below represent what we believe to be the best forex brokers for traders in South Africa. This is based both upon the broker's independent trader rating and their market share in South Africa. Click on the links in the left column menu for the best forex brokers for traders in other countries.

(The number in parenthesis behind the broker name is their independent trader rating. You can click on the regulation info to verify the broker's regulation. Languages link to the broker's site in that language)

Forex Brokers in South Africa Top Ten Forex Brokers for Traders in South Africa South African Forex Brokers

IC Markets Review IC Markets (8.01) IC Markets Review

Headquarters: Sydney, NSW, Australia Popularity Percentile: 96.8
Regulated by: ASIC (Australia) Platforms: cTrader, cTrader cAlgo, cTrader Mobile, cTrader Web, FIX API, Metatrader 4, Metatrader 5, MT4 Mobile, Myfxbook AutoTrade, SignalTrader, ZuluTrade Social
Forex Online Since: 2007 No. of Currency Pairs: 64
Broker Type / Order Processing: ECN Maximum Leverage: 1:500
Account Types: Standard, True ECN, cTrader ECN, Islamic Swap Free Client Funds Segregated: Yes, funds held in National Australia Bank and Westpac Banking Corporation
VPS Available: 100 round turn lots per month qualifies for sponsored VPS Minimum Account: $200
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, EUR, GBP, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: No Trading Contests: No
Languages: Chinese Simplified, English, Japanese, Russian

Global Prime Pty Ltd Review Global Prime Pty Ltd (7.77) Global Prime Pty Ltd Review

Headquarters: Sydney, NSW, Australia Popularity Percentile: 88.1
Regulated by: ASIC (Australia) Platforms: FIX API, Metatrader 4, MT4 Mobile, Myfxbook AutoTrade
Forex Online Since: 2010 No. of Currency Pairs: 42
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:100
Account Types: ECN Client Funds Segregated: Yes, held in trust account with Westpac Banking Corporation
VPS Available: Free through ForexVPS.net with 20 lots per month or discounted through Beeks FX VPS Minimum Account: $500
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CAD, EUR, GBP, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: No
Languages: English

Orbex Limited Review Orbex Limited (7.10) Orbex Limited Review

Headquarters: Limassol, Cyprus Popularity Percentile: 84.9
Regulated by: CySEC (Cyprus), FCA (UK), BaFin (Germany), AMF (France), CNMV (Spain) Platforms: Metatrader 4, MT4 Mobile, MT4 Multiterminal
Forex Online Since: 2002 No. of Currency Pairs: 35
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:500
Account Types: Universal Mini, Universal Standard, Universal Advanced, ECN Standard, ECN Advanced Client Funds Segregated: Yes
VPS Available: Yes, free Minimum Account: $500
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: EUR, GBP, PLN, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Bengali, Chinese Simplified, English, German, Indonesian, Japanese, Persian / Farsi, Polish, Russian, Spanish, Urdu

AxiTrader Review AxiTrader (7.01) AxiTrader Review

Headquarters: North Sydney, NSW, Australia Popularity Percentile: 81.9
Regulated by: ASIC (Australia) Platforms: Metatrader 4, MT4 MAM, MT4 Mobile, MT4 NexGen, MT4 Web, Myfxbook AutoTrade
Forex Online Since: 2011 No. of Currency Pairs: 81
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:400
Account Types: MT4 Standard, MT4 Pro Client Funds Segregated: Yes, funds held with NAB and NatWest
VPS Available: Yes, free Minimum Account: $1
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: Yes

FXCC Review FXCC (6.21) FXCC Review

Headquarters: Limassol, Cyprus Popularity Percentile: 79.6
Regulated by: CySEC (Cyprus), FCA (UK) Platforms: Metatrader 4, MT4 Mobile, MT4 MultiTerminal
Forex Online Since: 2005 No. of Currency Pairs: 46
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:300
Account Types: ECN Standard, ECN XL, ECN Advanced Client Funds Segregated: Yes
VPS Available: Yes, through BeeksFX, free with $2500 account Minimum Account: $100
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: EUR, GBP, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Chinese Simplified, English, French, German, Italian, Portuguese, Russian

RoboForex (CY) Ltd Review RoboForex (CY) Ltd (5.41) RoboForex (CY) Ltd Review

Headquarters: Limassol, Cyprus Popularity Percentile: 99.1
Regulated by: CySEC (Cyprus), IFSC (Belize), NAFD (Russia), FC (International) Platforms: cTrader, cTrader Mobile, cTrader Web, Metatrader 4, Metatrader 5, MT4 MultiTerminal, MT4 WebTrader, MT5 Mobile
Forex Online Since: 2007 No. of Currency Pairs: 34
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:1000
Account Types: Fix-Cent, Pro-Cent, Fix-Standard, Pro-Standard, ECN-Pro NDD, ECN-FixSpread NDD Client Funds Segregated: Yes
VPS Available: Yes, free with $300 account Minimum Account: $1
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: CNY, EUR, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Chinese Simplified, Chinese Traditional, English, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Ukrainian

OANDA Corporation Review OANDA Corporation (7.02) OANDA Corporation Review

Subsidiaries: OANDA Australia Pty Ltd - Sydney, Australia; OANDA Japan Inc. - Tokyo, Japan; OANDA Singapore - Singapore; OANDA (Canada) Corporation ULC - Toronto, ON, Canada; OANDA Europe Limited - London, UK
Headquarters: New York, NY, US Popularity Percentile: 98.3
Regulated by: NFA (US), IIROC (Canada), FCA (UK), MAS (Singapore), ASIC (Australia), JFSA (Japan), FFAJ (Japan) Platforms: fxTrade, fxTrade Mobile, Metatrader 4, MT4 Hedging, MT5 Mobile
Forex Online Since: 2001 No. of Currency Pairs: 90
Broker Type / Order Processing: NDD Maximum Leverage: 1:50
Account Types: fxTrade Client Funds Segregated: No
VPS Available: No Minimum Account: $1
Islamic Swap Free Accounts: No Minimum Transaction: 0.001 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: No Trading Contests: No
Languages: Chinese Simplified, English, French, German, Italian, Japanese, Portuguese, Russian, Spanish

GDMFX Review GDMFX (5.23) GDMFX Review

Headquarters: Auckland, NZ Popularity Percentile: 82.9
Regulated by: FSPR (NZ) Platforms: Metatrader 4, MT4 Mobile, MT4 Multiterminal, MT4 Web
Forex Online Since: 2013 No. of Currency Pairs: 38
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:500
Account Types: Classic, Blade, Blade Pro, Prime Client Funds Segregated: Yes
VPS Available: No Minimum Account: $100
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: AUD, EUR, GBP, JPY, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: No
Languages: Chinese Simplified, Chinese Traditional, English, Indonesian, Malay, Portuguese, Russian, Turkish, Vietnamese

MaxFX Review MaxFX (5.07) MaxFX Review

Related Brokers: Kawase - Limassol, Cyprus; TopFX Ltd - Limassol, Cyprus
Headquarters: Limassol, Cyprus Popularity Percentile: 47.3
Regulated by: CySEC (Cyprus), FCA (UK), BaFin (Germany) Platforms: cMirror, cTrader, cTrader cAlgo, cTrader Mobile, cTrader Web, Metatrader 4, MT4 Mobile, Myfxbook AutoTrade
Forex Online Since: 2015 No. of Currency Pairs: 80
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:500
Account Types: Fixed Spread, Zero, ECN Max, VIP Max Client Funds Segregated: Yes, through Barclays UK, Societe Generale and Hellenic Bank
VPS Available: No Minimum Account: $100
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: CHF, EUR, GBP, JPY, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: No
Languages: English, German, Japanese, Russian

Synergy FX Review Synergy FX (4.98) Synergy FX Review

Headquarters: Sydney, NSW, Australia Popularity Percentile: 75.1
Regulated by: ASIC (Australia) Platforms: Metatrader 4, MT4 Mobile
Forex Online Since: 2011 No. of Currency Pairs: 30
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:500
Account Types: Standard STP, Pure ECN Client Funds Segregated: Yes, funds held at Commonwealth Bank of Australia
VPS Available: Yes, through BeeksFX Minimum Account: $500
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, EUR, GBP, JPY, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Chinese Simplified, English

South Africa Regulatory News South Africa (FSB) Regulation News South Africa Regulatory News


HotForex Activates South Africa FSB License, Opens Johannesburg Office

11 May 2017, Johannesburg, South Africa - LeapRate - Global retail forex broker HotForex has announced the launch of a dedicated office in Johannesburg. HotForex is a unified brand name of the HF Markets Group, which includes . . .


FXCM Opens Office in South Africa

16 Nov 2016, Johannesburg, South Africa - FXCM Press Release - FXCM Inc. (NASDAQ:FXCM), a leading online provider of foreign exchange (FX) trading, Contract for Difference (CFD) and related services, announces the opening of . . .


Forex Broker XM Applies for License with South Africa's FSB

10 Oct 2016, Pretoria, South Africa - SMN Weekly - Dually-licensed forex brokerage XM has applied for a financial service provider license with the Financial Services Board (FSB) of South Africa, according to data published . . .


FXTM Gains License from FSB in South Africa as Global Expansion Continues

2 Aug 2016, Pretoria, South Africa - FinanceFeeds Press Release - Today, Cyprus based retail FX brokerage owned by Andrey Dashin has announced that it has received a license from the Financial Services Board (FSB) in South Africa.


HotForex is Granted a Financial Service Provider License by the Financial Services Board (FSB) of South Africa

21 Jun 2016, Johannesburg, South Africa - PRNewsWire - The HotForex Brand has now Been Officially Licensed by the Financial Services Board (FSB) of South Africa, Solidifying its Commitment to Offering Clients the Highest . . .


South Africa's FSB Warns Against FX Firm TradingBanks

4 May 2016, Pretoria, South Afica - LeapRate - South Africa's Financial Services Board (FSB) has issued a public warning against conducting financial services business with TradingBanks, an offshore FX firm, purporting to be . . .



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