简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:South Africans looking for an online forex broker will have a plethora of alternatives to select from. This article will assist to clarify the air by assessing and rating the top ten forex brokers in South Africa right now.
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 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.
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.
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 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, 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 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 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.
Keep an eye out for more FX news.
WikiFX App may be downloaded through the App Store or the Google Play Store.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Master the top 10 Forex trading indicators to analyze real-time Forex quotes, trends, and market signals. Learn strategies to boost accuracy and avoid mistakes.
You've heard many times that geopolitical events have a significant impact on the Forex market. But do you know what geopolitical events are and how they affect the FX market? Let us learn about it today.
Trade execution is a pivotal moment for traders. It is when analysis turns into action, and potential profits or losses become reality. However, for many traders, this moment is accompanied by fear. Why does this happen, and how can you address it?
In the midst of financial innovation and regulation, WikiGlobal, the organizer of WikiEXPO, stays abreast of industry trends and conducts a series of insightful and distinctive interviews on pivotal topics. We are delighted to have the privilege of inviting Simone Martin for an in-depth conversation this time.