Best forex brokers in South Africa.
17 brokers with real search demand from South Africa, ranked by regulation, yearly cost and outside ratings.
| # | Broker | Regulation | Max leverage | |||||
|---|---|---|---|---|---|---|---|---|
| 1 | FP Markets MT4 · MT5 · RBI Alert List | 9.4 | TIER 1 · FSA-SC · ASIC +1 | $1,440 | — | 1:500 | 4.8 (10,366) | Verdict |
| 2 | Vantage MT4 · MT5 · RBI Alert List | 8.4 | TIER 2 · FSC-MU · FSCA +1 | $1,440 | $50 | — | 4.4 (15,615) | Verdict |
| 3 | AvaTrade MT4 · MT5 · RBI Alert List | 8.3 | TIER 1 · CMA-KE · CBI +6 | — | — | — | 4.8 (13,589) | Verdict |
| 4 | FxPro MT4 · MT5 | 8.1 | TIER 1 · FCA · SCB +1 | — | $0 | 1:500 | — | Verdict |
| 5 | HFM (HotForex) MT4 · MT5 · RBI Alert List | 8.1 | TIER 1 · FCA · FSA-SC +1 | — | $0 | 1:2000 | — | Verdict |
| 6 | FOREX.com MT4 · MT5 · RBI Alert List | 8.0 | TIER 1 · CIMA · FCA +1 | — | — | — | 4.6 (2,488) | Verdict |
| 7 | FXCM Trading Station · TradingView · RBI Alert List | 7.9 | TIER 1 · FCA · CySEC +1 | — | — | 1:1000 | 4.6 (987) | Verdict |
| 8 | OANDA MT4 · MT5 | 7.6 | TIER 1 · BVI FSC · FCA | $2,400 | — | — | 3.5 (1,239) | Verdict |
| 9 | FBS MT4 · MT5 · RBI Alert List | 7.4 | TIER 2 · CySEC | — | $5 | 1:3000 | 4.3 (10,035) | Verdict |
| 10 | Swissquote MT4 · MT5 | 7.2 | TIER 1 · FINMA · CySEC | — | — | — | 3.5 (4,353) | Verdict |
| 11 | JustMarkets MT4 · MT5 · RBI Alert List | 6.9 | TIER 2 · FSA-SC · FSC-MU +2 | — | $10 | 1:3000 | — | Verdict |
| 12 | Axiory MT4 · MT5 | 6.8 | TIER 2 · FSC-BZ · FSC-MU +1 | $2,160 | $10 | 1:2000 | 2.6 (70) | Verdict |
| 13 | Tickmill MT4 · MT5 · RBI Alert List | 6.8 | TIER 1 · FSA-SC · FCA +3 | — | $100 | 1:1000 | 2.3 (1,193) | Verdict |
| 14 | IFX Brokers MT4 · MT5 | 6.6 | TIER 2 · FSCA | $1,440 | $10 | 1:1000 | 1.5 (38) | Verdict |
| 15 | ThinkMarkets MT4 · MT5 · RBI Alert List | 4.9 | OFFSHORE · FSA-SC | — | — | 1:5000 | 3.5 (544) | Verdict |
| 16 | XM MT4 · MT5 · RBI Alert List | 4.6 | OFFSHORE · FSC-BZ | — | $5 | — | — | Verdict |
| 17 | RoboForex MT4 · MT5 | 4.0 | OFFSHORE · FSC-BZ | — | — | 1:2000 | 2.0 (776) | Verdict |
Inclusion rule: South Africa is one of the broker's top five organic-search markets, or sends it at least 500 organic visits a month (Semrush). Brokers that bar residents of South Africa in their terms are removed when we find it.