Broker Reviews
We've tried and tested leading Forex brokers in South Africa for you. Compare their range of markets, platforms and accounts here, in one place.
FP Markets
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FP Markets is a true ECN broker and accepts all trading styles without restrictions.
Score
4.8 / 5
Platforms
MT4, MT5, cTrader, Copy trading
Regulators
Australia, Cyprus (EU), Kenya, South Africa, St. Vincent & the Grenadines
AvaTrade
AvaTrade is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.
Score
4.7 / 5
Platforms
MT4, MT5, Copy trading
Regulators
Australia, BVI, Cyprus (EU), Gibraltar, Israel, Japan, South Africa, UAE
Pepperstone
Pepperstone is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles.
Score
4.7 / 5
Platforms
MT4, MT5, cTrader, Copy trading
Regulators
Australia, Bahamas, Cyprus (EU), Germany, Kenya, UAE, UK
FxPro
FxPro 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.
Score
4.6 / 5
Platforms
MT4, MT5, cTrader, Copy trading
Regulators
Bahamas, Cyprus (EU), South Africa, UK
Exness
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).
Score
4.3 / 5
Platforms
MT4, MT5, Copy trading
Regulators
BVI, CuraƧao, Cyprus (EU), Kenya, Mauritius, Seychelles, South Africa, UK
HYCM
HYCM, formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5.
Score
4.2 / 5
Platforms
MT4, MT5
Regulators
Cayman Islands, Cyprus (EU), St. Vincent & the Grenadines, UAE, UK
Equiti
Trade CFDs on 400+ instruments with dynamic leverage up to 1:2000, one of the highest on the market. You'll also get first-class execution through its network of 35+ liquidity providers. Equiti.com accepts all trading styles on MT5.
Score
4.2 / 5
Platforms
MT5
Regulators
Armenia, Jordan, Kenya, Seychelles, UAE, UK
LiteFinance
Trade CFDs on a wide range of markets on M4/5, with leverage up to 1:1,000 through LiteFinance.com. LiteFinance accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.
Score
4.1 / 5
Platforms
MT4, MT5, cTrader, Copy trading
Regulators
Cyprus (EU), St. Vincent & the Grenadines
RoboForex
RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.
Score
4.1 / 5
Platforms
MT4, MT5, Copy trading
Regulators
Belize
4XC
4XC is an offshore broker founded in 2018 by Forex veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4/5.
Score
4.1 / 5
Platforms
MT4, MT5
Regulators
Cook Islands
HF Markets
HFM.com, formerly known as Hot Forex, is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MT4 or MT5.
Score
4.1 / 5
Platforms
MT4, MT5, Currenex, Copy trading
Regulators
Cyprus (EU), Kenya, Seychelles, South Africa, St. Vincent & the Grenadines, UAE
Plus500
Trade CFDs on 2,000+ instruments spanning Forex, shares, indices, commodities and ETFs. Plus500 is a regulated broker listed on the London Stock Exchange.
Score
4.1 / 5
Regulators
Australia, Cyprus (EU), Estonia, New Zealand, Seychelles, Singapore, South Africa, UK
JustMarkets
Trade CFDs on over 250 instruments with high leverage, up to 1:3000, through JustMarkets.com. JustMarkets accepts all trading styles and Expert Advisors on MetaTrader 4 and 5.
Score
3.8 / 5
Platforms
MT4, MT5, Copy trading
Regulators
Cyprus (EU), Seychelles
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