ZAR Forex Account
Compare regulated brokers that accept the South African rand (ZAR) as a base currency for your trading account.
Brokers we recommend
FxPro.com is a global broker, winner of 100+ awards including 'Best FX Service Provider' in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles.
Exness.com is an offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage (conditions apply).
Trade CFDs on over 250 instruments with high leverage through JustMarkets.com. JustMarkets accepts all trading styles and Expert Advisors on MetaTrader 4 and 5. It provides a good trading environment, but customer support is underwhelming.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| Overall | Markets | Trading environment | Deposits and withdrawals | Investor protection | Customer service | |
|---|---|---|---|---|---|---|
| FxPro | 4.6 | 4.1 | 4.9 | 4.6 | 4.8 | 4.7 |
| Exness | 4.3 | 3.8 | 4.0 | 5.0 | 3.8 | 4.7 |
| JustMarkets | 4.0 | 3.9 | 4.5 | 4.8 | 4.5 | 2.3 |
| Forex (CFD) | Cryptos (CFD)* | Stocks (CFD) | Indices (CFD) | Metals (CFD) | Energy (CFD) | Commodities (CFD) | |
|---|---|---|---|---|---|---|---|
| FxPro | 70 | 27 | 137 | 18 | 8 | 4 | 4 |
| Exness | 96 | 11 | 98 | 10 | 4 | 3 | |
| JustMarkets | 61 | 14 | 165 | 13 | 7 | 3 |
| MT4 | MT5 | cTrader | Copy trading | |
|---|---|---|---|---|
| FxPro | ||||
| Exness | ||||
| JustMarkets |
| Bank transfer | Broker to broker transfer | Debit card | Credit card | BTC (Bitcoin) | USDT (Tether) | NETELLER * | Skrill * | Binance Pay | |
|---|---|---|---|---|---|---|---|---|---|
| FxPro | |||||||||
| Exness | |||||||||
| JustMarkets |
| Bahamas | Cyprus (EU) | Seychelles | South Africa | UK | |
|---|---|---|---|---|---|
| FxPro | |||||
| Exness | |||||
| JustMarkets |
* Availability is subject to local laws and regulations.
Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.
FxPro.com is a global broker, winner of 100+ awards including 'Best FX Service Provider' in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles.
- Likes
- CFDs on 250+ instruments.
- FxPro accepts all trading styles on MT4/5 and cTrader.
- Trade on fixed or floating spreads, with or without commission.
- Many deposit methods, including crypto and broker-to-broker transfers.
- Get daily trading signals from Trading Central.
- Dislikes
- You cannot trade CFDs on ETFs or government bonds.
- Copy trading isn't available.
It's hard to find fault with FxPro, a broker with a 20-year track record. We've traded through FxPro's Raw account and enjoy the razor-thin floating spreads and low commissions. This account, which comes with a $1,000 minimum deposit, will appeal to experienced traders.
If you're new to trading, you could also open a Standard account with a low $100 deposit. You'll enjoy a more predictable trading environment with fixed, albeit wider, spreads. In short, FxPro is a platform you can grow into as you gain experience.
The educational content available on FxPro.com also caught our attention. You'll find learning paths for both beginners and advanced users, in the form of online courses, video tutorials and webinars.
Exness.com is an offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage (conditions apply).
- Likes
- Low and stable spreads.
- No swap charges across most FX pairs.
- Unlimited leverage on MetaTrader 4 and 5 (conditions apply).
- Withdrawals processed instantly in a wide range of currencies.
- Negative balance protection is available.
- Dislikes
- No access to a compensation fund in the event of bankruptcy.
- No CFDs on agricultural commodities, ETFs or government bonds.
Once you start trading with Exness, you soon understand why this broker is trusted by over 500,000 active clients. We traded through its MT5 Standard account with spreads from just 0.3 pips. Most instruments have no swap charges at all, which makes it easy to estimate how profitable each trade could be.
You'll find a wide range of instruments through its platform. These include over 100 currency pairs, crypto, U.S. stocks, global indices and commodities. The gold and silver crosses against the euro, the British Pound and the Aussie dollar will appeal to gold bugs.
Its web trading platform, built around TradingView charts, is sleek. If you're into technical analysis, you'll be able to customise charts with over 100 indicators and save them for later. Visit Exness to create an account and see for yourself what this broker has to offer.
Trade CFDs on over 250 instruments with high leverage through JustMarkets.com. JustMarkets accepts all trading styles and Expert Advisors on MetaTrader 4 and 5. It provides a good trading environment, but customer support is underwhelming.
- Likes
- Flexible leverage up to 1:3000.
- All trading strategies and EAs are allowed on MT4/5.
- You can also trade on raw spreads, plus commission.
- No fees on deposits or withdrawals.
- Dislikes
- No access to an investor compensation fund as this broker is incorporated in the Seychelles.
- Withdrawals can go missing.
- Customer support is underwhelming.
JustMarkets offers trading accounts for traders both new and experienced. Its Standard and Standard Cent accounts, designed with beginners in mind, have a low US$10 minimum deposit. Its Pro and Raw Spread accounts will appeal to day traders and scalpers.
With JustMarkets, you can open a trading account in USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and even ZAR. If possible, open a trading account in your currency to avoid currency conversion fees. Notably, JustMarkets charges no fees on deposits or withdrawals.
Our withdrawals have generally been processed swiftly. However, our first bank withdrawal took several weeks because of an error by its payment provider. During that period, customer support was slow to respond and acknowledge the underlying problem.
Brokers that accept ZAR
Exness
If you live in South Africa, you can fund your ZAR trading account with Exness using a wide range of local payment options. These include bank transfers in rands from select banks, Ozow, Skrill and Neteller. Create a free account on Exness.com to see all payment options available to you.
JustMarkets
If you live in South Africa, you could also open an ZAR trading account with JustMarkets and fund it in rand. JustMarkets accepts EFT payments and Neteller, and charges no fees on deposits or withdrawals. Create a free account on JustMarkets.com to see all funding options available to you.
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About the author
I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.