Latest Best Forex Brokers in South Africa

Our evaluations emphasize on key criteria such as supported pairings, payments, fees, spreads, regulation, customer service, and more to help our readers make an educated selection.

Reviewed South African Forex Brokers

We spent numerous hours comparing the finest forex brokers in South Africa.

The 10 top forex brokers in South Africa are rated in terms of service, costs, supported currency markets, payments, leverage, and other factors in the reviews below.

Capital.com

Capital.com emerged as the obvious victor as the finest forex broker in South Africa. Those looking for minimal trading expenses will like the fact that Capital.com does not charge commissions, and spreads on EUR/USD begin at a very competitive 0.6 pips.

eToro

When looking for the finest Forex brokers in South Africa, the next choice to consider is eToro. This platform is very user-friendly, and it provides a large range of capabilities that will appeal to newcomers. The Copy Trading function, for example, allows eToro users to mimic the investments of a successful forex trader.

Libertex

Following that is Libertex, which is maybe the greatest trading app in South Africa. This Android and iOS mobile software enables traders to speculate on FX while on the go. There are dozens of major, minor, and exotic currency pairings available, and spreads on EUR/USD start at only 0.3 pips.

AvaTrade

AvaTrade is a highly regulated CFD broker that is licensed by eight different financial institutions. This includes the FSCA, South Africa's major regulator. The platform provides 55 currency pairings, including majors, minors, and exotics.

Peppertstone

Pepperstone is one of the finest forex brokers in South Africa for experienced traders who often start positions with higher sums of money. The platform provides raw spread accounts, which are equivalent to ECN plans.

Forex.com

Forex.com, as the name suggests, is a currency brokerage business. It provides access to over 80 currency pairings, including a wide range of exotics. Forex.com was founded in 2001, making it one of the most experienced brokers in the industry.

XM

XM is an online Forex broker that tries to cater to traders of all levels of expertise and financial means. There are many account kinds to select from, each with a $5 minimum first-time deposit. Furthermore, the platform's minimum lot size is just 0.01.

HotForex

HotForex is another high-leverage Forex broker to consider today. This top-rated platform, like XM, provides leverage of up to 1:1000 on major currency pairings and less on other markets. There are various account kinds to select from here, while the micro plan may be more suited to newcomers.

IG Markets

IG Markets is the next platform to examine from our list of the top forex brokers in South Africa. This brokerage has been in business since the 1970s and is well-regulated. Users will have access to over 80 currency pairings, including several developing currencies.

Interactive Brokers

In the worldwide investing arena, Interactive Brokers is a household name. The platform provides a full forex trading platform with support for over 100 currency pairings. Perhaps most crucially, this service is South Africa's top forex broker for large-scale investors.

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