All Share (J203) = 88 342
Rand / Dollar = 18.57
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 927.99
Platinum (usd/oz) = 968.90
Brent (usd/barrel) = 76.37
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best Forex Brokers and Trading Platforms with a $10 Minimum Deposit

Best Brokers and Platforms with a $10 Min Deposit Banner

 

The Top 10 Best Forex Brokers with a $10 Minimum Deposit revealed. We have rated and reviewed the best Forex Brokers with a 10 Minimum Deposit.

This is a complete listing of The 10 Best Forex Brokers with a $10 Minimum DepositIn this in-depth write-up, you will learn:

 

  • Who is the Best Low Deposit Broker for Beginners?
  • Pros and Cons of Low Deposit Trading.
  • Low Minimum Deposit Accounts in South Africa.
  • Low Deposit Forex Brokers.
  • Low or No Minimum Deposit Forex Brokers
  • MT4 / MT5 USD 10 Minimum Deposit Brokers

 

10 Best Forex Brokers with a $10 Minimum Deposit (2025) – A Comparison

 

🔎 Broker🚀 Open an Account💰 Minimum Deposit📈 Leverage (Up to)🔁 Spreads (from)
🥇 Libertex👉 Open Account$10 USDUp to 1:500Tight spreads, commission-based
🥈 RoboForexOpen Account$10 USD1:20000.0 Pips
🥉 IQ OptionOpen Account $10 USD1:300.6 Pips
🏅 InstaForexOpen Account$1 USD1:10000.0 Pips
📌 OandaOpen Account$0 USD1:2000.0 Pips
📍 XTBOpen Account$0 USD1:5000.1 Pips
🏅 IGOpen Account$0 USD200:10.8 Pips
📌 CMC MarketsOpen Account $0 USD1:5000.7 Pips
📍 AxiOpen Account$0 USD1:5000.4 Pips
🏅 Exness👉 Open Account$10 USDUp to 1:UnlimitedFrom 0.3 pips

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Low Minimum Deposit – A Definition

Multiple Forex Brokers require a minimum deposit to open a live trading account.

A higher minimum deposit is generally associated with accounts that offer premium services, whereas lower minimum deposits are offered to attract new customers.

 

10 Best Forex Brokers with a $10 Minimum Deposit (2025)

  1. ☑️Libertex – SA Broker with Low Minimum Deposit
  2. ☑️RoboForex – Best Trading App with Minimum Deposit
  3. ☑️IQ Option – Overall, the best broker with a USD 10 minimum deposit
  4. ☑️InstaForex – High User Trust Score
  5. ☑️Oanda – Best Online Trading Experience
  6. ☑️XTB – Best Platform for Professional Traders
  7. ☑️IG – Trusted USD 10 Minimum Deposit Broker
  8. ☑️CMC Markets – Best Low Minimum Deposit Broker for Beginners
  9. ☑️Axi – Leading Customer Support
  10. ☑️Exness – Wide Range of Assets

 

1. Libertex

Libertex Review

 

Overview

This minimum deposit, starting from 10 dollars, makes Libertex one of the cheapest brokers who accept small initial investments.

Libertex charges for the commission in the trades it executes on various kinds of financial instruments Forex, stocks, and commodities.

 

Min Deposit

USD 10

Regulators

CySEC

Trading Platform

MT4, MT5, Libertex Platform

Crypto

Yes

Total Pairs

0

Trading Fees

Low

Account Activation

24 Hours

 

It boasts of high leverage of up to 1:500 and a simple trading platform therefore, it targets newbies and seasoned traders alike.

With such an unprecedentedly low barrier to entry, manifest in unmatched trading conditions with tight spreads and regulated activity, Libertex is very alluring to a budget trading audience.

 

🔍 Broker🥇 Libertex
📉 Regulation and LicensesNone
🎁 Bonuses✅Yes
⏰ Support Hours24/5
📊 Trading PlatformsLibertex App, MetaTrader 4, MetaTrader 5
🖱️ Account TypesLibertex Portfolio, Libertex CFD Account
🪙 Base CurrenciesEUR, GBP, USD, CHF, PLN
📌 SpreadsFrom 0.0 pips EUR/USD
📍 LeverageUp to 1:1000
💷 Currency Pairs50+; major, minor, and exotic pairs
💶 Minimum Deposit10 USD
💵 Inactivity Fee10 EUR after 6 months of inactivity
🔊 Website LanguagesEnglish, Spanish, Vietnamese, Chinese
💴 Fees and CommissionsSpreads from 0.0 pips, commissions vary
🥰 Affiliate Program✅Yes
🅰️ Scalping✅Yes
🅱️ Hedging✅Yes
📐 Trading InstrumentsForex, metals, indices, soft commodities, ETFs, bonds, energies
🚀Open an Account👉 Open Account

 

Libertex

Libertex Minimum Deposit

The minimum deposit required to register a Libertex l trading account is USD 10. Libertex offers two live trading accounts: the Portfolio and CFD Accounts.

 

Account types:🌐 Libertex Portfolio🌐 Libertex CFD
💳 Minimum deposit$50 $10
ZARR800 ZARR1 600 ZAR
📉 RiskLowHigh
📌 Open an account👉 Open Account👉 Open Account

 

Pros and Cons

✅ Pros❌ Cons
Offers a user-friendly trading platformA limited selection of financial instruments
Offers the popular MetaTrader4 and MetaTrader 5Libertex charges additional fees and commission such as inactivity fee, withdrawal fee, and transaction fee
Low minimum deposit requirement of R160 ZARLibertex offers a low leverage ratio of 1:30 for retail clients
An attractive ‘zero spreads’ modelOffers only one account type that limits traders and investors

 

2. RoboForex

RoboForex Review

 

Overview

RoboForex, an online brokerage established in 2009, provides trading services across various financial instruments: forex, stocks, commodities, and cryptocurrencies.

The International Financial Services Commission (IFSC) regulates the brokers in Belize.

This offers a degree of oversight; however, it may not be as stringent as regulations from other jurisdictions.

 

Min Deposit

USD 10

Regulators

IFSC

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The brokerage supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary R Trader platform, providing users with various tools for analysis and trading.

RoboForex also strongly emphasizes educational resources, offering webinars, tutorials, and market analysis to assist traders in making informed decisions.

Although the broker’s regulatory framework provides some level of security, it may not be as robust as that offered by jurisdictions with more stringent oversight.

 

Company Information
📅Year Founded2013
Current CEODmitry Zaretsky
Founder/sDmitry Zaretsky
🧑🏻‍💻Amount of staffOver 800
👩‍💻Amount of active tradersOver 48 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCySEC
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋Investor Protection SchemesYes, under CySEC regulation
Account Types and Features
➕AccountsTraining account
Real account
VIP account
💳Institutional AccountsNo
👨‍💼Managed AccountsNo
📇Minor account currenciesYes (EUR, USD, GBP)
💰Minimum Deposit$10 USD/171.27 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo, but third-party fees may apply
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported3 (USD, EUR, GBP)
🚀Swap FeesYes, swap fees apply for overnight positions
📈Leverage1:30 (for retail traders in Europe); higher for pro traders
📏Margin requirementsVariable, depending on asset and account type
☪️Islamic account (swap-free)Yes
💻Demo AccountYes, free with $10,000 virtual funds
⌛Order Execution TimeIn seconds
📆VPS HostingNo
Trading Instruments
🧾CFDs-Total Offered300+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes, over 180 shares available
Watch listYes, customizable
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on trading board Yes
Deposits and Withdrawals
💳Deposit OptionsBank transfers, credit cards, e-wallets (Skrill, Neteller)
💵Withdrawal OptionsSame as deposit methods
Welcome BonusNo, IQ Option does not offer a welcome bonus
Trading Platforms and Tools
💻Trading PlatformsIQ Option proprietary platform
👩‍💻OS CompatibilityWindows, Mac, iOS, Android
🖥️Forex trading toolsYes, including charts and indicators
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@iqoption.com
📞Customer Support Contact NumberNot publicly listed, available via email and chat
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteMultiple languages, including English, Spanish, French
Educational Resources and Support
Beginners Trader friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes, periodic webinars
📚Educational ResourcesYes, videos, articles, and tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners284 325
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programNo
Commission FeeNone on most accounts
Social Platforms
Official Facebook PageYes
Official Twitter Pageyes
Official Youtube Channelyes
Official Linkedin Pageyes
Official Instagram Pageyes
Official Website addressyes
South African Trader Specific Information
Does IQ Options Accept South African Traders?Yes
Is IQ Options regulated by the South African regulatory body (FSCA)?No, it is regulated by CySEC (Europe)
Does IQ Options offer an Affiliate Program for South African Traders?Yes
Does IQ Options allow opening trading accounts in ZAR (South African Rand)?No, accounts are opened in USD, EUR, or GBP
👉Open AccountOpen Account

 

RoboForex

 

RoboForex Minimum Deposit

The minimum deposit required to open a RoboForex Account is USD 10. RoboForex provides five live trading accounts: Prime, ECN, R.StocksTrader, ProCent, and Pro.

 

🔎 Account🥇 Prime🥈 ECN🥉 R.StocksTrader🏅 ProCent📌 Pro
💰 Minimum Deposit$10 USD$10 USD📍 $100 USD$10 USD$10 USD
🚀 Open an AccountOpen AccountOpen AccountOpen AccountOpen AccountOpen Account

 

Pros and Cons

✅ Pros ❌Cons
Excellent Asset SelectionLimited Crypto Selection
Wide range of trading instruments (12,000+)High leverage can increase risk for inexperienced traders.
Low minimum deposit (starting at $10 USD)Withdrawal fees can be higher for certain methods.
High leverage available (up to 1:2000)Limited regulatory oversight for some regions.
CopyFX platform for copy tradingBonus programs may be restricted in certain regions.
Fast account setup and funding optionsCustomer support response can be slow during busy times.
Offers VPS hosting for automated tradingNot available to U.S. clients due to regulations.
Free demo accounts availableHigh inactivity fees for dormant accounts.
Tight spreads on ECN accountsSpreads on standard accounts can be wider.
Regular bonuses and promotionsBonus conditions may be complex to fulfill.

 

3. IQ Option

IQ Option Review

 

Overview

IQ Option is a well-known online trading platform that was established in 2013.

It is best known for its intuitive user interface and wide selection of trading instruments, which include CFDs, FX, stocks, ETFs, cryptocurrencies, and binary options.

The broker makes trading accessible to novice and seasoned traders by providing live trading accounts and demo accounts with virtual funds.

 

Min Deposit

USD 10

Trading Platform

Proprietary Platform

Crypto

Yes

Account Activation

24 Hours

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose

 

IQ Option seeks to give a broad range of traders access to an inclusive trading environment with minimal minimum deposit requirements.

The platform’s highly adjustable and award-winning trading interface allows users to customize their trading experience to suit their preferences.

 

Company Information
📅Year Founded2013
Current CEODmitry Zaretsky
Founder/sDmitry Zaretsky
🧑🏻‍💻Amount of staffOver 800
👩‍💻Amount of active tradersOver 48 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCySEC
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋Investor Protection SchemesYes, under CySEC regulation
Account Types and Features
➕AccountsTraining account
Real account
VIP account
💳Institutional AccountsNo
👨‍💼Managed AccountsNo
📇Minor account currenciesYes (EUR, USD, GBP)
💰Minimum Deposit$10 USD/171.27 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo, but third-party fees may apply
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported3 (USD, EUR, GBP)
🚀Swap FeesYes, swap fees apply for overnight positions
📈Leverage1:30 (for retail traders in Europe); higher for pro traders
📏Margin requirementsVariable, depending on asset and account type
☪️Islamic account (swap-free)Yes
💻Demo AccountYes, free with $10,000 virtual funds
⌛Order Execution TimeIn seconds
📆VPS HostingNo
Trading Instruments
🧾CFDs-Total Offered300+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes, over 180 shares available
Watch listYes, customizable
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on trading board Yes
Deposits and Withdrawals
💳Deposit OptionsBank transfers, credit cards, e-wallets (Skrill, Neteller)
💵Withdrawal OptionsSame as deposit methods
Welcome BonusNo, IQ Option does not offer a welcome bonus
Trading Platforms and Tools
💻Trading PlatformsIQ Option proprietary platform
👩‍💻OS CompatibilityWindows, Mac, iOS, Android
🖥️Forex trading toolsYes, including charts and indicators
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@iqoption.com
📞Customer Support Contact NumberNot publicly listed, available via email and chat
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteMultiple languages, including English, Spanish, French
Educational Resources and Support
Beginners Trader friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes, periodic webinars
📚Educational ResourcesYes, videos, articles, and tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners284 325
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programNo
Commission FeeNone on most accounts
Social Platforms
Official Facebook PageYes
Official Twitter Pageyes
Official Youtube Channelyes
Official Linkedin Pageyes
Official Instagram Pageyes
Official Website addressyes
South African Trader Specific Information
Does IQ Options Accept South African Traders?Yes
Is IQ Options regulated by the South African regulatory body (FSCA)?No, it is regulated by CySEC (Europe)
Does IQ Options offer an Affiliate Program for South African Traders?Yes
Does IQ Options allow opening trading accounts in ZAR (South African Rand)?No, accounts are opened in USD, EUR, or GBP
👉Open AccountOpen Account

 

IQ Option Full Landing Page

 

IQ Option Minimum Deposit

The minimum deposit required to open an IQ Option Account is USD 10. IQ Option offers two live trading account types: IQ Option Real and IQ Option VIP.

 

🔎 Account 🥉 Demo🥈 Real🥇 VIP
💰 Minimum DepositFree$10 USDAccount available to clients that deposit significant amounts.
🚀 Open an AccountOpen Account Open Account Open Account

 

Pros and Cons

✅Pros❌ Cons
Low minimum deposit ($10 USD)Limited assets compared to other brokers (fewer CFDs)
Free demo account with $10,000 virtual fundsInactivity fee ($10 after 90 days of inactivity)
No commissions on tradesLimited regulation (only CySEC, no global licenses)
Wide range of payment methods (credit card, e-wallets, bank transfers)Swap fees for holding positions overnight
Regulated by CySECNo VPS hosting for traders
Responsive mobile appLimited advanced trading tools (compared to MetaTrader)
Fast order executionCustomer support can be slow during peak times
Access to educational resourcesNo direct phone support (only via email or chat)
Offers multiple asset classes (Forex, stocks, cryptocurrencies, etc.)Not available to U.S. clients
Two-step authentication for added security No support for third-party platforms (like MetaTrader)
User-friendly proprietary platformLimited assets compared to other brokers (fewer CFDs)

 

4.InstaForex

InstaForex Review South Africa

 

Overview

Global online brokerage InstaForex was founded in 2007 and is well-known for offering a comprehensive array of trading services for various financial assets, such as CFDs, commodities, forex, and cryptocurrencies.

With features including a low minimum deposit and variable leverage choices, the broker offers a wide range of account types to suit the needs of both rookie and experienced traders, enabling a customized trading experience.

 

Min Deposit

USD 1

Regulators

CySEC, FSC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

107+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Operating systems for InstaForex are MetaTrader 4 and MetaTrader 5, which traders like for their sophisticated charting features and automated trading capabilities.

The broker strongly emphasizes instructional materials to assist traders in developing their abilities and making wise selections.

It provides webinars, tutorials, and market research.

 

Company Information
📅Year Founded2007
Current CEOIldar Sharipov
Founder/sIldar Sharipov
🧑🏻‍💻Amount of staffOver 1,000 employees
👩‍💻Amount of active tradersOver 7 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCySEC, BVI FSC, FCA (for UK clients)
🌎Country of regulationCyprus, British Virgin Islands, UK
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes, under CySEC regulation
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsInsta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica
💳Institutional AccountsNo
👨‍💼Managed AccountsYes, PAMM accounts
📇Minor account currenciesYes (USD, EUR, GBP, etc.)
💰Minimum Deposit$1 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business Days
🪙Fund Withdrawal FeeVaries depending on the method
📊Spreads from0.0 pips (for ECN accounts)
💸CommissionsYes, commissions apply to ECN accounts
💱Number of base currencies supported5+ (USD, EUR, GBP, etc.)
🚀Swap FeesYes, swap fees apply
📈LeverageUp to 1:1000
📏Margin requirementsVaries depending on account type and instrument
☪️Islamic account (swap-free)Yes
💻Demo AccountYes, free with virtual funds
⌛Order Execution TimeFast execution (milliseconds)
📆VPS HostingYes, available for eligible accounts
Trading Instruments
🧾CFDs-Total Offered300+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Watch listYes, customizable
Trade AlertsYes
Trading Indices with GPNo
Trading Stocks with GPNo
Swap on trading board Yes
Deposits and Withdrawals
💳Deposit OptionsBank transfers, credit cards, e-wallets (Skrill, Neteller)
💵Withdrawal OptionsSame as deposit methods
Welcome BonusYes, various deposit bonuses
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4, MetaTrader 5
Stop-loss InstrumentYes
👩‍💻OS CompatibilityYesWindows, Mac, iOS, Android
🖥️Forex trading toolsYes, including analytics, indicators, and charts
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@instaforex.com
📞Customer Support Contact Number+44 844 761 6343
🗣️Languages supported on WebsiteMultiple languages, including English, Spanish, French
Educational Resources and Support
Beginners Trader friendly UXYes
🖺Forex courseYes, available
🧏‍♀️WebinarsYes, periodic webinars
📚Educational ResourcesYes, videos, articles, and tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners30,000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, various sports teams and events
🪙Rebate programYes
Commission FeeYes, available
Social Platforms
Official Facebook PageYes
Official Twitter PageYes
Official Youtube ChannelYes
Official Linkedin PageYes
Official Instagram PageYes
Official Website addressYes
South African Trader Specific Information
Accept South African Traders?Yes
Is InstaForex regulated by the South Africa regulatory body (FSCA)?No
Does InstaForex offer an Affiliate Program for South African Traders?Yes
Does InstaForex allow accounts to be opened in ZAR / Rands?No, accounts are opened in USD or EUR
👉Open AccountOpen Account

 

InstaForex

 

InstaForex Minimum Deposit

The minimum deposit required to open an InstaForex Account is USD 1. InstaForex offers four account types: Insta. Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica.

 

🔎 Account🥇 Minimum Deposit🚀 Open an Account
🥇 Insta.Standard$1 USDOpen Account
🥈 Insta.Eurica$1 USDOpen Account
🥉 Cent.Standard$1 USDOpen Account
🏅 Cent.Eurica$1 USDOpen Account

 

Pros and Cons

✅ Pros❌ Cons
Low minimum deposit (starting at $1)Limited regulation (primarily CySEC, BVI FSC)
Wide range of trading instruments (Forex, stocks, commodities)No guaranteed payout (GP) for trading indices or stocks
Multiple account types (including PAMM accounts)Swap fees apply for overnight positions
Offers demo account for practiceInactivity fee ($10 after 12 months of no trading)
Negative balance protectionComplex fee structure may be unclear to beginners
Two-step authentication for added securityLimited customer support availability during peak times
User-friendly trading platform (MetaTrader 4 & 5)No VPS hosting for traders
Educational resources available for beginnersWithdrawal fees may apply depending on the method
Affiliate and IB programs availableNot suitable for U.S. clients
Responsive customer support (live chat and email)No support for accounts in local currencies (ZAR, etc.)

 

5. Oanda

Oanda Review

 

Overview

Oanda is a reputable online FX and CFD broker created in 1996 and is well-known for its dedication to openness and cutting-edge trading solutions.

For further credibility and protection for its clients, the broker is regulated by many agencies, such as the FCA in the UK and the CFTC in the US.

Oanda is available to traders of all skill levels and offers a variety of account types, including a Standard account with no minimum deposit.

The broker gives customers access to a range of trading platforms, such as MetaTrader 4 and its in-house Oanda Trade platform, which provide cutting-edge features and analytical tools to improve trading.

 

Min Deposit

USD 1

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

45

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Oanda is renowned for its trustworthy execution and competitive spreads, both advantageous to high-frequency traders. The broker strongly emphasizes education and provides traders with a wealth of tools, such as webinars, market research, and trading manuals, to assist them in becoming more proficient traders.

Assistance is easily obtainable as customer service is accessible via several channels and is open around the clock.

Even if Oanda offers a reliable trading environment, prospective customers should think about things like the state of the market and their unique trading tactics before opening an account.

 

🔎Broker🥇OANDA
Company Information
📅Year Founded1996
Current CEOGavin Bambury
Founder/sDr. Michael Stumpp, OANDA Corporation founders
🧑🏻‍💻Amount of staffApproximately 1,000+
👩‍💻Amount of active tradersOver 1 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCFTC, NFA, FCA, IIROC, ASIC
🌎Country of regulationUSA, UK, Canada, Australia
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋Investor Protection SchemesYes, through regulatory bodies
Account Types and Features
➕AccountsStandard
Elite Trader
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesYes (including ZAR)
💰Minimum DepositNo minimum deposit requirement
Trading Conditions
🕞Average deposit/withdrawal processing time1-5 business days
🪙Fund Withdrawal FeeNone (may depend on the payment method)
📊Spreads from0.0 pips (depending on account type)
💸CommissionsYes, applicable to certain account types
💱Number of base currencies supported70+
🚀Swap FeesYes, applicable for overnight positions
📈LeverageUp to 1:50 (varies by region)
📏Margin requirementsVaries depending on account type and instrument
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeFast execution (milliseconds)
📆VPS HostingYes, available for eligible accounts
Trading Instruments
🧾CFDs-Total Offered 100+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Watch listYes, customizable
Trade AlertsYes
Trading Indices with GPNo
Trading Stocks with GPNo
Swap on trading board Yes, applicable for overnight positions
Deposits and Withdrawals
💳Deposit OptionsBank transfers, credit cards, e-wallets
💵Withdrawal OptionsSame as deposit methods
Welcome BonusNo
Trading Platforms and Tools
💻Trading PlatformsOANDA Trade, MetaTrader 4
Stop-loss InstrumentYes
👩‍💻OS CompatibilityWindows, Mac, iOS, Android
🖥️Forex trading toolsYes, including analytics and economic calendar
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@oanda.com
📞Customer Support Contact Number1-800-499-3687 (USA)
🗣️Languages supported on WebsiteMultiple languages (English, Spanish, French, etc.)
Educational Resources and Support
Beginners Trader friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes, periodic webinars
📚Educational ResourcesYes, articles and tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNumerous global partners
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, various local events
🪙Rebate programNo
Commission FeeYes
Social Platforms
Official Facebook PageYes
Official Twitter PageYes
Official Youtube ChannelYes
Official Linkedin PageYes
Official Instagram PageYes
Official Website addressYes
South African Trader Specific Information
Accept South African Traders?Yes
Is InstaForex regulated by the South Africa regulatory body (FSCA)?No, but complies with international standards
Does InstaForex offer an Affiliate Program for South African Traders?Yes
Does InstaForex allow accounts to be opened in ZAR / Rands?No
👉Open AccountOpen Account

 

Oanda

 

Oanda Minimum Deposit

The minimum deposit amount required to register an Oanda live trading account ranges from USD 0 – USD 10’000.  Oanda makes two live trading account types available: the Oanda Standard and the Oanda Advanced Trader account.

 

🔎 Oanda Account🥈 Standard🥇 Elite Trader
💰 Min. Deposit$0 USD$10'000 USD
🚀 Open an AccountOpen AccountOpen Account

 

Pros and Cons

✅ Pros❌ Cons
Regulated in multiple major jurisdictions (US, UK, Japan, etc.)Fewer account types compared to some brokers
Competitive spreads, especially for major pairsLacks deposit bonuses or promotions common with other brokers
Offers the popular MetaTrader 4 (MT4) and its proprietary platform Oanda TradeHigher costs on some CFD products (non-Forex instruments)
Flexible for new traders with no minimum deposit requirement Lower leverage limits for clients in regulated regions like the US and Europe
Extensive educational tools and market analysisSpreads can widen during volatile market conditions
API access for developers and algo tradersSmaller selection of tradable instruments (e.g., limited exotic pairs)
Fast order execution with no dealing desk Charges fees for certain withdrawal methods (especially for non-bank transfers)
One of the few brokers offering Forex trading in the USFewer cryptocurrency pairs available compared to other brokers
No hidden fees; spreads and costs are clearDoesn't offer a built-in social or copy trading platform

 

6. XTB

XTB Review

Overview

XTB is one of the largest global stock exchange-listed FX and CFD brokers, with more than 15 years of experience in the field.

The world’s biggest supervision authorities regulate it, and it offers two live trading account options: Standard and Swap-Free.

XTB, a well-known online brokerage established in 2002, is renowned for its emphasis on offering a thorough trading experience for a wide range of financial assets, such as equities, cryptocurrencies, indices, commodities, and FX.

 

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Well-known for its sophisticated trading features and user-friendly interface, XTB’s proprietary trading platform, xStation 5, is praised for its real-time market analysis and customizable design.

XTB offers many educational tools, such as webinars, articles, and trading tutorials, intending to assist traders in developing their abilities and comprehension of the markets.

Customers may contact customer service via phone, email, and live chat, which is available in different languages so that they can get help quickly.

 

Company Information
📅Year Founded1974
Current CEOCharlie Rozes (Interim)
Founder/sStuart Wheeler
🧑🏻‍💻Amount of staff2,400+ globally
👩‍💻Amount of active traders313,000+
🌐Publicly Traded (Listed Company)Yes, LSE: IGG
Regulation and Security
🛡️RegulationFCA (UK), ASIC (Australia), FSCA (South Africa), others globally
🌎Country of regulationUK (Primary), Australia, South Africa, etc.
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss Instrument
🔋Investor Protection SchemesYes (FSCS for UK clients, up to £85,000)
Account Types and Features
➕Accounts
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesGBP, EUR, USD, ZAR, AUD, and others
💰Minimum Deposit £250 (or equivalent in local currency)
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposit: Instant; Withdrawal: 1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.6 pips (Forex)
💸CommissionsNone on Forex, but apply to stocks
💱Number of base currencies supported5+
🚀Swap FeesYes, applicable
📈LeverageUp to 1:200 (FSCA-regulated)
📏Margin requirementsVaries by instrument and account type
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.014 seconds average
📆VPS HostingNo (offered for professional accounts)
Trading Instruments
🧾CFDs-Total Offered17,000+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Watch listYes
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on trading board Yes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal
💵Withdrawal OptionsCredit/Debit Cards, Bank Transfers, PayPal
Welcome BonusNo (due to regulatory restrictions)
Trading Platforms and Tools
💻Trading PlatformsIG Proprietary Platform, MetaTrader 4 (MT4), ProRealTime, L2 Dealer
Stop-loss InstrumentYes (including Guaranteed Stop-Loss)
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes (charting tools, technical analysis, signals)
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addressYes (available on website)
📞Customer Support Contact NumberYes (available on website)
🗣️Languages supported on WebsiteEnglish, French, German, Chinese, Arabic, and more
Educational Resources and Support
Beginners Trader friendly UXYes
🖺Forex courseYes (available on website)
🧏‍♀️WebinarsYes (available on website)
📚Educational ResourcesYes (blogs, tutorials, IG Academy)
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes (cycling events and more)
🪙Rebate programNo
Commission FeeNo
Social Platforms
Official Facebook Page www.ig.com
Official Twitter PageYes
Official Youtube ChannelYes
Official Linkedin PageYes
Official Instagram PageYes
Official Website addressYes
South African Trader Specific Information
Accept South African Traders?Yes
Is XBT regulated by the South Africa regulatory body (FSCA)?Yes
Does XBT offer an Affiliate Program for South African Traders?Yes
Does XBT allow accounts to be opened in ZAR / Rands?Yes
👉Open AccountOpen Account

 

XBT

 

XTB Minimum Deposit

XTB offers two live trading account options, Standard and Swap-Free, and neither requires a minimum deposit.

 

🔎 Account🥇 Standard🥈 Swap-Free
💰 Required Min. DepositNone$ 1 USD
🚀 Open an AccountOpen AccountOpen Account

 

Pros and Cons

✅ Pros❌ Cons
Strong regulation in multiple regions (e.g., FCA, CySEC)Not available in the US or Canada
Tight spreads and low commission accounts for certain regionsFees on stock CFDs can be higher compared to some competitors
xStation 5 and MetaTrader 4 (MT4) for various trader levelsFewer account options compared to some brokers
Offers comprehensive training materials and market analysisDoes not offer MT5 platform, which some traders may prefer
Reliable and fast order execution with no dealing desk interventionLacks promotional bonuses or incentives
Accessible to beginners as no minimum deposit is requiredCharges an inactivity fee after 12 months of no trading activity
Offers Forex, commodities, indices, stocks, and cryptocurrency CFDsMarket research tools, though solid, are less comprehensive than some competitors
Provides multilingual customer support via live chat, email, and phoneRegulated regions have lower leverage limits, particularly in Europe
Ensures that clients cannot lose more than their account balanceCharges fees on withdrawals below a specific threshold

 

7. IG

IG Review

 

Overview

IG is well-known online trading platform founded in 1974.

It offers various trading options, Including Indices, cryptocurrencies, stocks,  FX, and commodities.

Being pioneer in the industry and publicly traded firm, IG is subject to regulation by multiple regulatory organizations,  such as the CFTC in the US and the UK FCA, strengthening its reputation and dedication to consumer safety.

 

Min Deposit

USD 0

Regulators

FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA

Trading Platform

MT4

Crypto

Yes

Total Pairs

80

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Prominent for its sophisticated charting capabilities and easy-to-use interface, IG’s in-house trading platform is compatible with well-known platforms such as MetaTrader 4. 

The broker prioritizes education and offers many tools, such as webinars, articles, and market research, to assist traders in developing their know-how.

 

Company Information
📅Year Founded1974
Current CEOCharlie Rozes (Interim)
Founder/sStuart Wheeler
🧑🏻‍💻Amount of staff2,400+ globally
👩‍💻Amount of active traders313,000+
🌐Publicly Traded (Listed Company)Yes, LSE: IGG
Regulation and Security
🛡️RegulationFCA (UK), ASIC (Australia), FSCA (South Africa), others globally
🌎Country of regulationUK (Primary), Australia, South Africa, etc.
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss Instrument
🔋Investor Protection SchemesYes (FSCS for UK clients, up to £85,000)
Account Types and Features
➕Accounts
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesGBP, EUR, USD, ZAR, AUD, and others
💰Minimum Deposit £250 (or equivalent in local currency)
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposit: Instant; Withdrawal: 1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.6 pips (Forex)
💸CommissionsNone on Forex, but apply to stocks
💱Number of base currencies supported5+
🚀Swap FeesYes, applicable
📈LeverageUp to 1:200 (FSCA-regulated)
📏Margin requirementsVaries by instrument and account type
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.014 seconds average
📆VPS HostingNo (offered for professional accounts)
Trading Instruments
🧾CFDs-Total Offered17,000+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Watch listYes
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on trading board Yes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal
💵Withdrawal OptionsCredit/Debit Cards, Bank Transfers, PayPal
Welcome BonusNo (due to regulatory restrictions)
Trading Platforms and Tools
💻Trading PlatformsIG Proprietary Platform, MetaTrader 4 (MT4), ProRealTime, L2 Dealer
Stop-loss InstrumentYes (including Guaranteed Stop-Loss)
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes (charting tools, technical analysis, signals)
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addressYes (available on website)
📞Customer Support Contact NumberYes (available on website)
🗣️Languages supported on WebsiteEnglish, French, German, Chinese, Arabic, and more
Educational Resources and Support
Beginners Trader friendly UXYes
🖺Forex courseYes (available on website)
🧏‍♀️WebinarsYes (available on website)
📚Educational ResourcesYes (blogs, tutorials, IG Academy)
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes (cycling events and more)
🪙Rebate programNo
Commission FeeNo
Social Platforms
Official Facebook Page www.ig.com
Official Twitter PageYes
Official Youtube ChannelYes
Official Linkedin PageYes
Official Instagram PageYes
Official Website addressYes
South African Trader Specific Information
Accept South African Traders?Yes
Is XBT regulated by the South Africa regulatory body (FSCA)?Yes
Does XBT offer an Affiliate Program for South African Traders?Yes
Does XBT allow accounts to be opened in ZAR / Rands?Yes
👉Open AccountOpen Account

 

IG $10 Minimum Deposit

 

IG Minimum Deposit

No minimum deposit amount is required to register an IG live trading account.

 

🔎 Broker🥇 IG Group
💰 Required Min. Deposit$0 USD
💳 Deposit MethodsCredit / Debit / Bank Transfers
🚀 Open an AccountOpen Account

 

Pros and Cons

✅ Pros ❌ Cons
Operates under top-tier regulators (FCA, ASIC, CFTC, etc.)Minimum deposit can be high, especially outside the UK
Competitive spreads, especially for major pairsCharges an inactivity fee after two years of no activity
Offers MetaTrader 4 (MT4), ProRealTime, and its proprietary platformSpreads can widen during volatile market conditions
Includes Forex, stocks, indices, commodities, and cryptocurrenciesLeverage limits are lower in regions like Europe and Australia due to regulations
Extensive library of webinars, tutorials, and market analysisCryptocurrency CFD trading is restricted in certain areas (like the UK)
No minimum deposit for bank transfers in certain regionsFees for withdrawals via PayPal and credit cards in some regions
Provides protection against extreme market volatilitySome fees can be difficult to understand, such as financing rates and spread costs for less commonly traded instruments
Over 45 years in the market with a solid global reputationLacks promotional offers like deposit bonuses or cashbacks
24/5 customer service and support across multiple languagesAdvanced features and tools may feel complex for new traders
Offers social trading features and trading signalsDoesn't provide built-in copy trading options like some competitors

 

8. CMC Markets

CMC Markets Review

 

Overview

Forex, equities, commodities, indices, and cryptocurrencies are just a few trading possibilities available at CMC Markets, an online brokerage founded in 1989.

Under the watchful eye of respected regulatory bodies, like the FCA in the UK and ASIC in Australia, CMC Markets places a high value on openness and client safety.

The broker offers competitive spreads.

 

Min Deposit

USD 0

Regulators

FCA, IIROC, ASIC, FMA, MAS

Trading Platform

MT4

Crypto

Yes

Total Pairs

158

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Their feature-rich trading platform, Next Generation, has a range of technical indicators, sophisticated charting tools, and an intuitive user interface.

CMC Markets also offers educational materials, including webinars and trading manuals, to help traders improve their abilities.

Customer service is available by phone, email, and live chat, guaranteeing fast assistance.

 

🔎BrokerCMC Markets
Company Information
📅 Year Founded1989
Current CEOLord Kirkpatrick
Founder/sPeter Cruddas
🧑🏻‍💻 Amount of StaffApproximately 1,500
👩‍💻 Amount of Active TradersOver 50,000 active traders
🌐 Publicly Traded (Listed Company)Yes, listed on the London Stock Exchange
Regulation and Security
🛡️ RegulationFCA (Financial Conduct Authority)
🌎 Country of RegulationUnited Kingdom
💻 Account SegregationYes, client funds are held in segregated accounts
🪫 Negative Balance ProtectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋 Investor Protection SchemesYes, eligible for Financial Services Compensation Scheme (FSCS)
Account Types and Features
➕ AccountsStandard, Professional
💳 Institutional AccountsYes
👨‍💼 Managed AccountsYes
📇 Minor Account CurrenciesMultiple (including ZAR, EUR, GBP, USD, etc.)
💰 Minimum Deposit$0 (for standard account)
Trading Conditions
🕞 Average Deposit/Withdrawal Processing Time1-3 business days for withdrawals
🪙 Fund Withdrawal FeeNone
📊 Spreads FromFrom 0.7 pips
💸 CommissionsNo commissions on forex trades; spreads apply
💱 Number of Base Currencies Supported10+
🚀 Swap FeesApplicable (depends on position and instrument)
📈 LeverageUp to 1:500 (varies by instrument)
📏 Margin RequirementsDepends on the instrument; generally 0.2% - 2%
☪️ Islamic Account (Swap-Free)Yes
💻 Demo AccountYes
⌛ Order Execution TimeTypically 100 ms or less
📆 VPS HostingYes, available for clients
Trading Instruments
🧾 CFDs - Total OfferedOver 10,000
🗠 CFD Stock IndicesYes, multiple global indices available
⚖️ CFD CommoditiesYes, including metals, energy, and agriculture
📜 CFD SharesYes
Watch ListYes
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on Trading BoardYes
Deposits and Withdrawals
💳 Deposit OptionsBank transfer, credit/debit cards, PayPal
💵 Withdrawal OptionsBank transfer, credit/debit cards
Welcome BonusNot commonly offered
Trading Platforms and Tools
💻 Trading PlatformsCMC Markets Trading Platform, MT4
👩‍💻 OS CompatibilityWindows, macOS, iOS, Android
🖥️ Forex Trading ToolsAdvanced charting tools, trading signals
Customer Support
🗣️ Live Chat AvailabilityYes
📱 Customer Support Email Addresssupport@cmcmarkets.com
📞 Customer Support Contact Number+44 20 7170 8200
👾 Social Media PlatformsFacebook, Twitter, LinkedIn, Instagram
🗣️ Languages Supported on WebsiteEnglish, Spanish, French, German, and more
Educational Resources and Support
Beginners Trader Friendly UXYes
🖺 Forex CourseYes, various online courses available
🧏‍♀️ WebinarsYes, regular webinars on trading strategies
📚 Educational ResourcesExtensive library available
Partnerships and Programs
🪪 Affiliate Program?Yes
👨‍🏫 Amount of PartnersMultiple partners globally
📋 IB ProgramYes
🏃‍♂️‍➡️ Do They Sponsor Notable Events/Teams?Yes, various sponsorships
🪙 Rebate ProgramYes
Commission FeeN/A (no commissions on forex trades)
Social Platforms
Official Facebook PageYes
Official Twitter PageYes
Official YouTube ChannelYes
Official LinkedIn PageYes
Official Instagram PageYes
Official Website AddressYes
South African Trader Specific Information
Does CMC Markets Accept South African Traders?Yes
Is CMC Markets Regulated by FSCA?No, regulated by FCA (UK)
Does CMC Markets Offer an Affiliate Program for South African Traders?Yes
Does CMC Markets Allow Opening Trading Accounts in ZAR?Yes (depends on the account type)
👉 Open Account👉Open Account

 

CMC Markets Landing Page

 

CMC Markets Minimum Deposit

Registering a CMC Markets live trading account requires no minimum depositCMC Markets offers dedicated spread betting, CFD, and corporate trading accounts.

 

🔎 Broker☑️ CMC Markets
📌 Account🥇 Spread Betting🥈 CFD🥉 Corporate
💵 Required Min. Deposit$0 USD$0 USD$0 USD
💰 Recommended Min. Deposit$100 USD / R1600 ZAR$100 USD / R1600 ZAR$100 USD / R1600 ZAR
🚀 Open an accountOpen Account Open Account Open Account

 

Pros and Cons

✅ Pros❌ Cons
Highly regulated by FCA, ASIC, and other top-tier regulatorsCharges an inactivity fee after 12 months of no trading activity
Offers over 10,000 tradable instruments, including Forex, indices, commodities, and stocksOnly offers MetaTrader 4 (MT4) and proprietary platform Next Generation
Tight spreads, especially on major Forex pairsSpreads can widen during high market volatility
Proprietary platform (Next Generation) is feature-rich with advanced charting toolsThe feature-rich platform can be overwhelming for novice traders
Makes it accessible for all traders, especially beginners No deposit bonuses or promotional offers
Available to protect against extreme market volatilityFewer cryptocurrency offerings compared to other brokers
High-quality execution with no dealing desk interventionWithdrawal fees may apply for non-bank transfer methods like PayPal
Extensive educational materials, webinars, and market analysisResearch features, though solid, could be enhanced for deeper market analysis
Ensures clients cannot lose more than their balanceLeverage is capped in regions like Europe due to regulations
Generally fee-free for most deposits and withdrawals Does not offer built-in copy trading functionality

 

9. Axi

Axi Review

 

Overview

Founded in 2007, Axi is a global broker specializing in forex and CFDs. It is renowned for its cheap trading conditions and emphasis on customer support. Reputable regulatory bodies such as the FCA in the UK oversee Axi, which provides various account options with no minimum deposit requirements for regular accounts.

 

Min Deposit

USD 0

Regulators

ASIC, FCA, DFSA

Trading Platform

MT4

Crypto

Yes

Total Pairs

140+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The broker offers access to well-known trading platforms such as MetaTrader 4 with cutting-edge analytical tools. Axi prioritizes education and provides traders with tools, including webinars and market analysis. Axi strives to provide novice and seasoned traders with a comprehensive and user-friendly trading experience through various deposit and withdrawal methods.

 

Company Information
📅Year Founded2007
Current CEORajesh Yohannan
Founder/s Goran Drapac
🧑🏻‍💻Amount of staff200+
👩‍💻Amount of active traders60,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
FCA,
DFSA,
FSA
FMA
🌎Country of regulationUK, Australia, UAE, New Zealand,
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
🔋Investor Protection SchemesYes (up to £85,000 in the UK through FSCS)
Account Types and Features
➕AccountsStandard,
Pro,
and Elite account
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesAUD,
CAD,
CHF,
EUR,
GBP,
HKD,
JPY,
NZD,
PLN,
SGD,
USD
💰Minimum Deposit$0 for Standard Account
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNo
📊Spreads fromFrom 0.0 pips
💸Commissions$3.50 per lot per side (for Raw accounts)
💱Number of base currencies supported10+
🚀Swap FeesYes (Standard accounts)
📈LeverageUp to 500:1
📏Margin requirements0.2% minimum
☪️Islamic account (swap-free)Yes,
available upon request
💻Demo AccountYes
⌛Order Execution Time<30 milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered130+
🗠CFD Stock Indices30+
⚖️CFD Commodities14
📜CFD Shares50+
Watch ListYes
Trade AlertsYes
Trading Stocks with GPYes
Trading Indices with GPYes
Swap on Trading BoardYes
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards, bank transfer, PayPal, Neteller, Skrill
💵Withdrawal OptionsCredit/debit cards, bank transfer, PayPal, Neteller, Skrill
Welcome BonusNo
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
Axi One
Stop-loss InstrumentYes (Guaranteed stop-loss on select accounts)
👩‍💻OS CompatibilityWindows,
macOS,
iOS,
Android
Investor Protection SchemesYes (UK, Australia)
🖥️Forex trading toolsAutochartist, PsyQuation, Economic Calendar, VPS, Social Trading Tools
Customer Support
🗣️Live chat availabilityYes (24/5)
📱Customer Support email addressservice@axi.com.
📞Customer Support Contact Number+61 2 9965 5830
🗣️Languages supported on WebsiteEnglish,
Arabic,
Chinese,
German,
Spanish,
Educational Resources and Support
Beginners Trader Friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes (eBooks, tutorials, videos)
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners1000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams? Not currently
🪙Rebate programYes
Community ForumYes (via PsyQuation community)
Social Media PlatformsYes
Official Website AddressYes
Official Facebook PageYes
Official Twitter PageYes
Official YouTube ChannelYes
Official LinkedIn PageYes
Official Instagram PageYes
Accept South Africa Traders?Yes
Is Axi Regulated by the South Africa Regulatory Body (FSCA)?No
Does Axi Offer an Affiliate Program for South African Traders? Yes
Does Axi Allow Accounts to be Opened in ZAR/Rands?Yes
👉Open AccountOpen Account

 

Axi Account Overview

 

Axi Minimum Deposit

The minimum deposit amount required to register an Axi live trading account ranges from USD 0 to USD 25000. Axi offers three live trading accounts: the Standard account, the Pro account, and the Elite Account.

 

🔎 Axi Account🥉 Standard🥈 Pro🥇 Elite
💰 Min Deposit$0 USD$0 USD $25'000 USD
🚀 Open an AccountOpen AccountOpen AccountOpen Account

 

Pros and Cons

✅ Pros❌ Cons
Regulated by FCA (UK), ASIC (Australia), DFSA (UAE), and FMA (New Zealand)Not regulated by the FSCA in South Africa
No minimum deposit required for standard accountsNo welcome bonus or promotional incentives
Tight spreads starting from 0.9 pips on Raw accountsStock trading is not available in all countries
Available for high-volume tradersFewer cryptocurrency pairs available compared to competitors

 

10. Exness

Review Exness

 

Exness is known to be quite an accessible broker with a very low minimum deposit: from just $10 for the Standard Account minimal amount allowing all kinds of traders to go into its vast treasury of financial instruments: forex, cryptocurrencies, and commodities.

Exness did even more convenience for traders, with good trading conditions: spreads from 0.3 pips, and leverage up to 1: Unlimited.

Having probably the best online trading platform and supporting maximum transparency, Exness stands in a good position to provide low-cost trading and flexibility.

 

CategoryDetails
Company Information
🏷️Company NameExness
📍Headquarters LocationCyprus
📅Year Established2008
👤CEO/FounderExness was co-founded by a group of partners.
🌐Global Offices Multiple locations worldwide
🔖Licensing BodyFCA (UK),
CySEC (Cyprus),
FSA (Seychelles),
etc.
👥Group CompaniesExness Limited,
Exness (Cyprus) Ltd
🏛️Business ModelMarket Maker,
ECN/STP
🌍Operational LanguagesEnglish,
Arabic,
Spanish,
and others
🏆Awards & RecognitionsNumerous industry awards
Regulation and Security
🛡️RegulationFSA,
CBCS,
FSC,
FSC BVI,
FSCA,
CySEC,
FCA,
CMA
✔️Compliance StandardsHigh compliance with industry standards
💼Client Fund Segregation Yes
🪫Negative balance protectionYes
🕵️‍♂️Financial Conduct OversightStrong regulation by global bodies
💰Insurance CoverageYes,
up to €20,000 (FCA regulated)
📋AML & KYC PolicyStrong anti-money laundering and KYC procedures
🔒Security of Trading PlatformSSL encryption, 2FA security measures
🛡️Investor Compensation FundYes
🖥️Cybersecurity MeasuresAdvanced cybersecurity protocols
Account Types and Features
⚙️Standard Account Available for retail traders
📊ECN Account Yes
🌙Islamic AccountYes
🎮Demo Account Yes
👑VIP AccountYes,
for high volume traders
💵Minimum Deposit$10 USD / R178 ZAR
💱Base CurrenciesUSD,
EUR,
GBP,
and others
⚖️Leverage OptionsUp to 1:2000
📈Spreads (Fixed/Variable)Variable spreads
🔄Swap-Free AccountsYes
🌐Account Currency ConversionAvailable
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedYes
🔁Copy Trading SupportYes
👥Social Trading FeaturesYes
💼Managed AccountsYes
Trading Conditions
🔍Average SpreadsFrom 0.1 pips
💲Commissions per Trade
Depends on account type
🔢Leverage RangeUp to 1:2000
🚀Execution SpeedFast,
with low latency
📊Order Execution TypeMarket Execution,
Instant Execution
🔄Slippage PolicyMinimal slippage
📏Margin requirements50%
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees
Yes
📆Rollover PolicyYes
🛑Guaranteed Stop LossNo
Trading Instruments
💹Forex Currency PairsYes
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes
📉StocksYes
🗂️ETFsYes
🏛️BondsYes
📜Futures Contracts Yes
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes
🎯Micro-Lot TradingYes
💸Spread BettingNot available
🧺Currency BasketsYes
Deposits and Withdrawals
💳Deposit MethodsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.)
💵Withdrawal MethodsCredit/Debit Cards, Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies
(Bitcoin, Ethereum, etc.)
⏱️Processing Time for DepositsInstant to 1-2 business days
🕒Processing Time for Withdrawals 1-2 business days
🚫Deposit FeesNo
💵Withdrawal FeesNo
🔢Minimum Deposit Amount$10 USD / R178 ZAR
📉Minimum Withdrawal Amount$3
🚪Maximum Withdrawal Limit No limit
💱Supported CurrenciesUSD,
EUR,
GBP,
JPY,
etc.
₿Crypto Deposits & WithdrawalsYes
🏦Bank Wire TransfersYes
💳Credit/Debit CardsYes
📲E-Wallets
(Skrill, Neteller, etc.)
Yes
🏘️Local Payment MethodsYes,
region-specific
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes
👩‍💻MetaTrader 5 (MT5)
Yes
🖥️Proprietary PlatformNo
📱Mobile Trading App
Yes
🌐Web-Based PlatformYes
🤖Trading Bots
Yes
🖧VPS ServicesYes
🔌API ConnectivityYes
📉Charting ToolsAdvanced charting available
🧮Custom IndicatorsYes
🧠Market Sentiment Analysis Yes
📩Trading Signals
Yes
🏷️Advanced Order Types
Yes
⚠️Risk Management Tools
Yes
📅Economic Calendar
Yes
📰Market News Feed
Yes
Customer Support
📞Support ChannelsPhone,
email,
live chat
🗨️Live Chat AvailabilityYes
📧Email SupportYes
📱Phone SupportYes
🌍Multilingual SupportYes
❓Help Center/FAQYes
👨‍💼Dedicated Account ManagerYes
⏲️Response Time (Live Chat)Less than 1 minute
🕒Response Time (Email)Within 24 hours
⭐Support Rating 4.5/5
Educational Resources and Support
🎥Webinars Yes
🏫SeminarsYes
📖Trading TutorialsYes
📊Market Analysis ReportsYes
📚E-BooksYes
🎬Video LibraryYes
📜GlossaryYes
❔FAQs Yes
🆕Beginner GuidesYes
🚀Advanced Trading StrategiesYes
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Yes
🏷️White Label SolutionsYes
🎁Partnership Rewards Yes
🏛️Institutional SolutionsYes
🔌API Partnership Yes
🤝Referral ProgramYes
Fees & Charges
💳Deposit FeesNo
📤Withdrawal FeesNo
💤Inactivity FeeYes
🌜Overnight Fees (Swaps)Yes
💱Conversion FeesYes
💰Commission on TradesYes
Market Research Tools
📅Economic CalendarYes
📰Market NewsYes
📩Trading Signals Yes
🔧Technical Analysis ToolsYes
💭Sentiment Analysis Yes
Additional Features
👥PAMM/MAM Accounts Yes
🔗Social Trading PlatformYes
🏆Trading CompetitionsYes
🎁Loyalty RewardsYes
👑Exclusive VIP PerksYes
Promotions & Bonuses
🎁Welcome Bonus Yes
💵Deposit Bonus Yes
🏅Trading ContestsYes
🌟Seasonal PromotionsYes
🎖️Loyalty ProgramsYes
User Experience & Reviews
🖥️User Interface QualityEasy-to-use interface
🔒Platform StabilityHigh stability
📱Mobile App Reviews 4.5/5 on app stores
⭐Overall User Rating4.5/5
🌟Trustpilot Rating4.5/5
😟Common ComplaintsOccasionally slow withdrawals
Mobile
📱Mobile App NameExness Trader
🛠️Developer Exness
📅Release YearOngoing updates
💻OS CompatibilityiOS,
Android
🌐Languages SupportedMultiple languages
📈Trading InstrumentsForex,
crypto,
commodities,
stocks
🔄Real-Time DataYes
🛠️Charting ToolsAdvanced
📊Order Types SupportedMarket,
Limit,
Stop
🚀Order Execution SpeedFast
🔔Custom Alerts Yes
🤝Beginner-Friendly Yes
🔐Security Features2FA,
SSL encryption
🖥️SynchronizationYes
💰Deposit and Withdrawal Yes
📝Account Types AccessibleAll account types available
🔄Switch AccountsYes
💬In-App SupportYes
📚Educational Resources Yes
🎯WatchlistYes
🌙Dark Mode
Yes
🌐Social TradingYes
AI Trading Resources
🤖AI Integration
Yes
📊Data Analysis
Yes
📈Predictive Analytics
Yes
🛠️Customizable Strategies
Yes
📉Risk Management ToolsYes
🧑‍🏫Trading InsightsYes
🚀Execution OptimizationYes
🔄Portfolio Rebalancing
Yes
📚AI TutorialsYes
🎥Video DemonstrationsYes
🧑‍🤝‍🧑Webinars
Yes
🔍AI-Powered Search Yes
🌟Beginner-Friendly
Yes
🖥️Platform AvailabilityDesktop and mobile
📈Backtesting CapabilityYes
🛠️Strategy BuilderYes
🔔Alerts and NotificationsYes
🔒Data ProtectionYes
👁️‍🗨️Transparency Yes
Social Media Platformst
📘FacebookYes
📷InstagramYes
🐦Twitter Yes
💼LinkedIn Yes
🎥YouTubeYes
👉Open Account👉 Open Account

 

 

Exness

 

Exness Minimum Deposit

The minimum deposit required to open an Exness Account is USD 10. Exness offers four live trading account types: Standard, Standard Cent, Pro, Zero, and Raw Spread.

 

📈 Standard Account💹 Raw Spread Account🌐 Zero Account📊 Pro Account
💳Minimum Deposit$10 ( ZAR R160 )$500 ( ZAR R8000 )$500 ( ZAR R8000 )$500 ( ZAR R8000 )
⏱Deposit activation durationUp to 72 hoursUp to 72 hoursUp to 72 hoursUp to 72 hours
📉Leverages1:20001:20001:20001:2000
📈Spreads0.30.00.00.0
📊CommissionsNoUp to 3.5 USDUp to 3.5 USDNo trading commission
📝Order ExecutionsMarketMarketMarketMarket
☪️Swap- Free✔️Yes✔️Yes✔️Yes✔️Yes
👉Open an Account👉 Open Account👉 Open Account👉 Open Account👉 Open Account

 

Pros and Cons

✅ Pros❌ Cons
Highly RegulatedLimited Local Support
Competitive Trading ConditionsHigh Leverage Risks
Low Minimum DepositComplex Fee Structure
Variety of Trading InstrumentsWithdrawal Fees
Educational ResourcesPlatform Limitations
Local Currency AccountsCustomer Service Variability
Demo AccountsRegional Variations in Service
VPS Hosting AvailablePotential Over-Reliance on Automation

 

Conclusion

As you can see, all the Top 10 brokers are well-established and have significant regulations and trust scores.

We advise that you read through and see which broker will fit your trading needs. We can highly recommend any of the above.

 

You might also like:  FXTM Review

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You might also like:  InstaForex Review

You might also like:  Oanda Review

 

Disclaimer

Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the trader’s initial deposit.

Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.

 

Frequently Asked Questions

 

Can I start forex trading in South Africa with USD 10?

Yes, starting forex trading in South Africa with a minimum deposit of USD 10 is possible.

 

Are there any reliable USD 10 minimum deposit brokers in South Africa?

Many reliable USD 10 minimum deposit brokers accept South African Traders, including FXTM.

 

Are there any disadvantages to using a $10 minimum deposit forex broker?

Yes. A disadvantage of using a USD 10 forex broker includes limited trading options and a higher risk due to the small deposit size.

 

What types of accounts are available with a $10 minimum deposit forex broker?

USD 10 minimum deposit. Forex brokers generally offer Micro or Standard Accounts.

 

Is it possible to profit with a $10 minimum deposit in a Forex account?

Yes, it is possible to make a small profit with a minimum deposit of USD 10 in a Forex account.

 

SAShares Instagram

 

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4.3/5 - (50 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 6, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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