The 8 Best Regulated Forex Brokers revealed in South Africa. We have rated and reviewed the Best-regulated Forex Brokers.
This is a complete listing of The 8 Best Forex Brokers with a Regulation. In this in-depth write-up, you will learn:
- Top 8 FSCA Regulated Forex Brokers in South Africa.
- Forex Brokers with ZAR Accounts.
- A list of Regulated Forex Brokers in South Africa.
- Best FSCA Regulated MT4 and MT5 Brokers in SA.
- Regulated Brokers in South Africa for beginners.
- FAQ listed for Best Regulated Forex Brokers
- Pros and Cons for Best Regulated Forex Brokers
Best Regulated Forex Brokers
🔎 Broker | 👉Open Account | 💴 Minimum Dep. | 💵 Regulation |
🥉Alpari | 👉 Open Account | USD 100 / R1806 | FSC |
🥇FXTM | 👉 Open Account | USD 10 / R179 | FCA, FSC, FSCA |
🥉FP Markets | 👉 Open Account | USD 100 / R1806 | ASIC, CySEC, FSCA, CMA |
🥇XM | 👉 Open Account | USD 5 / R89 | IFSC, FCA, CySEC, ASIC, CMA |
🥈 Octa | 👉 Open Account | USD 25 / R447 | CySEC, MISA, FSCA |
🥉GO Markets | 👉 Open Account | USD 200 / R3581 | ASIC, CySEC, FSC, FSA, SCA |
🥇AvaTrade | 👉 Open Account | USD 100 / R1806 | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA |
🥈Exness | 👉 Open Account | USD 10 / R179 | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
8 Best Regulated Forex Brokers:
- ☑️Alpari – Best Overall, with an ultra-competitive cost structure.
- ☑️FXTM – Ideal for high-frequency traders and scalpers.
- ☑️FP Markets – Best Forex Trading App.
- ☑️XM – Trusted Broker for Beginners.
- ☑️Octa – Best multi-asset Platform.
- ☑️Go Markets – Powerful & Reliable Trading Platforms
- ☑️AvaTrade – Best Overall broker for South African traders.
- ☑️Exness – Voted No. 1 Forex Broker – Fully Regulated.
1. Alpari
The FSC regulates the forex broker Alpari in Mauritius and the FSA in St. Vincent and the Grenadines.
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Alpari has a solid reputation for providing high leverage and flexible accounts, including PAMM accounts, to accommodate traders of various levels, from beginners to experts.
The broker’s platforms, such as MetaTrader 4 and 5, give traders a well-established trading experience with great conditions and competition.
Featured
🔎 Broker | 🥇Alpari |
Company Information | |
📅Year Founded | 1998 |
🧑🏻💻Amount of staff | Over 500 |
👩💻Amount of active traders | Over 1,000,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSC |
🌎Country of regulation | Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, ECN, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, RUB |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Fast and efficient |
🪙Fund Withdrawal Fee | No Fees |
📊Spreads from | 0.1 pips |
💸Commissions | Varies based on account type |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:500 |
📏Margin requirements | Vary based on instrument and account type |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Fast execution |
📆VPS Hosting | Available |
Trading Instruments | |
🧾CFDs-Total Offered | 200+ |
🗠CFD Stock Indices | 20+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 100+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, wire transfer, e-wallets |
💵Withdrawal Options | Credit/debit cards, wire transfer, e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👩💻OS Compatibility | Windows, Mac, Android, iOS |
🖥️Forex trading tools | Economic calendar, charting tools, news feed |
Customer Support | |
🗣️Live chat availability | 24/5 |
📱Customer Support email address | customersuppport@alpari.org |
📞Customer Support Contact Number | +44 20 3137 5757 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Russian, Spanish, Arabic, Chinese, and more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, guides |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 10,000 |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $100 |
Average spread EUR/USD – active | From 1.7 |
Average spread EUR/USD – standard | From 1.7 |
VIP or active trader discounts | From 0.4 |
Pros and Cons
✅ Pros | ❌ Cons |
Member of a Financial Commission and provides adequate investor protection | Fixed spreads are not offered |
Offers innovative and powerful online trading platforms | Lack of educational material |
Perfect for beginner traders and offers sophisticated solutions to professional traders | Clients from several countries are not accepted |
Our Findings
Alpari is known for its high-leverage options, flexible account types, and the availability of PAMM accounts for managed trading.
2. FXTM
FXTM is a leading forex broker regulated by the FSCA, FCA, and CySEC, making it a reliable choice for traders seeking strong oversight. Known for fast execution, tight spreads, and flexible leverage, FXTM offers a variety of account types to suit different trading needs.
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
With access to MetaTrader 4 and 5 and robust educational resources, FXTM is ideal for beginners and experienced traders looking for a dependable trading environment.
Featured
🔎Broker | FXTM |
Company Information | |
📅Year Founded | 2011 |
🧑🏻💻Amount of staff | 700+ |
👩💻Amount of active traders | Over 3 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, FSCA, FSC |
🌎Country of regulation | UK, South Africa, Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes (PAMM accounts) |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $200 / R3709 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | Varies by method |
📊Spreads from | 0.1 pips |
💸Commissions | From $4 per lot (on certain accounts) |
💱Number of base currencies supported | 7 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:2000 |
📏Margin requirements | Varies based on leverage and asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 250+ |
🗠CFD Stock Indices | 11 |
⚖️CFD Commodities | 6 |
📜CFD Shares | 120+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, FXTM Trader App |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, VPS, economic calendar |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@fxtm.com |
📞Customer Support Contact Number | +44 203 734 1071 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 15+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 3,000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $10 |
Average spread EUR/USD – active | 0.6 pip spread cost |
Average spread EUR/USD – standard | 0.6 standard pip spread cost |
VIP or active trader discounts | Charges commission with lower spread cost |
Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated broker for traders with a comprehensive regulatory framework | Inactivity fee charged to dormant accounts |
Offers tight spreads and commission-free accounts that have negative balance protection applied | US clients are not accepted |
Our Findings
FXTM is a leading forex broker regulated by the FSCA, FCA, and CySEC, making it a reliable choice for traders seeking strong oversight. Known for fast execution, tight spreads, and flexible leverage
3. FP Markets
FP Markets has an excellent reputation as a forex broker. It is regulated by ASIC, CySEC, FSCA, and CMA, giving traders a safe and transparent enabling environment.
Due to its ECN pricing model, FP Markets has narrow spreads and swift execution, which is ideal for scalpers and high-frequency traders.
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Additionally, this broker supports various platforms, including MetaTrader 4, 5, and IRESS, thus providing flexibility to all traders by offering numerous tradable assets.
It caters to beginner and advanced traders by only requiring a minimum deposit of $100 at FP Markets.
Featured
Company Information | |
📅Year Founded | 2005 |
🧑🏻💻Amount of staff | 274 |
👩💻Amount of active traders | Over 200,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
🌎Country of regulation | Australia, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw ECN, and VIP accounts available |
💳Institutional Accounts | Yes, tailored solutions for institutional clients |
👨💼Managed Accounts | Yes, offered through third-party managed account services |
📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
📈Leverage | Up to 1:500 depending on the account type and instrument |
📏Margin requirements | typically 0.2% - 1% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, available 24/7 |
📱Customer Support email address | support@fpmarkets.com |
📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 100,000 affiliates |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $100 |
Average spread EUR/USD – active | 0.45 pip spread cost |
Average spread EUR/USD – standard | 0.45 standard pip spread cost |
VIP or active trader discounts | Markets base rate + 3.0% |
Pros and Cons
✅ Pros | ❌ Cons |
South Africans can expect commission-free trading on the standard account | FP Markets’ demo account expires if it is not frequently used |
FP Markets offers powerful trading platforms | The functionality on mobile trading apps might not be as rich as that on desktop apps or web-based platforms |
Faster Execution (Potential) | Risk of Slippage |
Platform Options | Discouragement for Beginners |
Our Findings
FP Markets is a highly regarded forex broker regulated by ASIC, CySEC, FSCA, and CMA, offering traders a secure and transparent trading environment. Known for its ECN pricing model
4. XM
XM began its broker journey in 2009 and operates with clients from over 196 countries. Its customer support staff speaks 30 different languages, and it is among the most trusted regulated brokers.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XM’s headquarters is located in Cyprus. Over 1.5 million traders and investors use XM’s wide range of trading products. XM’s goal is to provide its clients with one of the best user experiences in the industry.
Featured
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | 450+ |
👩💻Amount of active traders | Over 5 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | IFSC, FCA, CySEC, ASIC, CMA |
🌎Country of regulation | Australia, Cyprus, Belize |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $5 / R89 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 11 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:1000 |
📏Margin requirements | Varies by asset and region |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,000+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 1,200+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, XM WebTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, indicators, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | +357 25029933 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 25+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes (in multiple languages) |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 5,000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $5 |
Average spread EUR/USD – active | 0.9 spread |
Average spread EUR/USD – standard | 0.5 standard spread |
VIP or active trader discounts | Floating lowest at 0 pips |
Pros and Cons
✅ Pros | ❌ Cons |
Great Educational tools | Limited product portfolio |
Easy and fast account opening | Inactivity fee after 90 days |
No withdrawal fees | Only average Forex fees |
Our Findings
XM is a well-regulated forex broker overseen by the IFSC, FCA, CySEC, ASIC, and CMA, offering traders a secure and compliant trading environment. Known for its competitive spreads, negative balance protection
5. Octa
Octa is a popular forex broker regulated by CySEC, MISA and FSCA, known for its competitive trading conditions and user-friendly experience. The broker offers low spreads, flexible leverage, and swap-free accounts, making it suitable for various traders, including those following Islamic finance principles.
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA and FSC
Trading Platform
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Octa supports MetaTrader 4, 5, and cTrader platforms, providing a comprehensive trading environment. With a minimum deposit of just $25, Octa is accessible to traders of all levels and offers a balanced mix of affordability and functionality.
Featured
Company Information | |
📅Year Founded | 2011 |
Current CEO | Darrell E. Johnson |
Founder/s | Georgios D. Pantzis |
🧑🏻💻Amount of staff | 694 |
👩💻Amount of active traders | Over 1,000,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, MWALI, FSCA |
🌎Country of regulation | Cyprus, Union of the Comoros, South Africa |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | OctaTrader Account, MT4, MT5 |
💳Institutional Accounts | No |
👨💼Managed Accounts | No |
📇Minor account currencies | USD, EUR |
💰Minimum Deposit | $25 / R447 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 2 (USD, EUR) |
🚀Swap Fees | Yes |
📈Leverage | Up to 1:1000 |
📏Margin requirements | margin requirement of 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | In seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 277 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | credit cards, debit cards, bank transfers, e-wallets (like Skrill, Neteller), and cryptocurrency |
💵Withdrawal Options | The same as deposit options |
Trading Platforms and Tools | |
💻Trading Platforms | OctaTrader, MetaTrader 4, MetaTrader 5 |
👩💻OS Compatibility | Web, Mobile (iOS and Android) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, available 24/7 |
📱Customer Support email address | support@octafx.com |
📞Customer Support Contact Number | N/A |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Arabic, Chinese, Indonesian, Malay, Thai, and Vietnamese |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 4,600 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
Commission Fee | None on most accounts |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | yes |
Official Youtube Channel | yes |
Official Linkedin Page | yes |
Official Instagram Page | yes |
Official Website address | yes |
South African Trader Specific Information | |
Does Octa Accept South African Traders? | Yes |
Is Octa regulated by the South African regulatory body (FSCA)? | Yes |
Does Octa offer an Affiliate Program for South African Traders? | Yes |
Does Octa allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $25 |
Average spread EUR/USD – active | 0.9 spread |
Average spread EUR/USD – standard | 0.5 standard spread |
VIP or active trader discounts | Floating lowest at 0 pips |
Pros and Cons
✅ Pros | ❌ Cons |
Regulated by SVGFSA | Limited assets |
Unlimited demo account | Low Crypto coverage |
Advanced technology | No VPS |
Forex and CFDs offered | No education tools on Forex |
More than 80 pairs to trade | No clients from USA, Canada, Belgium, or others outside EU |
Our Findings
Octa is a popular forex broker regulated by CySEC, MISA, and FSCA. It is known for its competitive trading conditions, user-friendly experience, and low spreads.
6. GO Markets
GO Markets is a trusted forex broker regulated by ASIC, CySEC, FSC, FSA, and SCA. It offers traders a secure and well-regulated environment. Known for its competitive spreads, fast execution, and extensive educational resources, GO Markets caters to both beginner and advanced traders.
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSC, FSA, SCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
50+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
The broker supports MetaTrader 4 and 5 platforms and provides access to various instruments, including forex, indices, and commodities. With a minimum deposit of $200, GO Markets is ideal for traders seeking a reliable broker with strong regulatory backing and comprehensive trading tools.
Featured
Company Information | |
📅Year Founded | 2006 |
🧑🏻💻Amount of staff | Approximately 100+ |
👩💻Amount of active traders | Over 100,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, CySEC, FSC, FSA, SCA |
🌎Country of regulation | Australia, Cyprus UK Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
💰Minimum Deposit | $200 / R3581 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.0 pips |
💸Commissions | Depends on account type |
💱Number of base currencies supported | 16 |
🚀Swap Fees | Varies by instrument and account type |
📈Leverage | Up to 500:1 |
📏Margin requirements | Varies by instrument and leverage |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | < 1 second |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1000+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Mastercard Visa Skrill Neteller Bank/Wire Transfer |
💵Withdrawal Options | Mastercard Visa Skrill Neteller Bank/Wire Transfer |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 and cTrader MetaTrader Copy Trader cTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Economic calendar, trading signals, charts |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support.mu@gomarkets.com |
📞Customer Support Contact Number | +230 5869 0074 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | English, Chinese, Japanese, Thai, and others |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Trading guides, video tutorials, market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not specified |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | No |
👉Open Account | 👉 Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $200 standard |
Average spread EUR/USD – active | Variable |
VIP or active trader discounts | Variable |
Pros and Cons
✅ Pros | ❌ Cons |
Access to live market depth and liquidity on ECN accounts. | Requires more experience to manage order types effectively. |
ECN accounts offer faster order execution at fastest available prices. | May not be suitable for smaller accounts due to commissions and inactivity fee. |
Regulated by Tier-1 authorities (ASIC, CySEC) for added security. | Not all features or regulations apply to all regions. |
Demo account available, Islamic accounts available, educational resources offered. | Commissions can complicate cost calculation for beginners. |
Our Findings
GO Markets is a trusted forex broker regulated by ASIC, CySEC, FSC, FSA, and SCA. It offers traders a secure and well-regulated environment and is known for its competitive spreads and fast execution.
7. AvaTrade
AvaTrade is a well-regulated forex broker with oversight from the ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and JFSA, ensuring high security and compliance.
The broker offers fixed spreads, a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and AvaOptions, and a range of account types to suit different trading needs.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
AvaTrade is known for its comprehensive educational resources and user-friendly interfaces, making it a strong choice for new and experienced traders.
With a minimum deposit requirement of $100 and strong customer support, AvaTrade provides a reliable and supportive trading environment.
Featured
Category | Details |
Company Information | |
🏷️Company Name | AvaTrade |
📍Headquarters Location | Dublin, Ireland |
📅Year Established | 2006 |
👤CEO/Founder | Dáire Ferguson |
🌐Global Offices | Over 15 offices worldwide, including Japan, Australia, and South Africa |
🔖Licensing Body | Central Bank of Ireland, ASIC, FSA (Japan), FSCA (South Africa), ADGM (UAE) |
👥Group Companies | Ava Capital Markets, AvaTrade EU, AvaTrade Japan, AvaTrade Middle East |
🏛️Business Model | Market Maker |
🌍Operational Languages | Over 20 languages, including English, Spanish, French, and Arabic |
🏆Awards & Recognitions | Best Broker 2023, Best Trading App 2022, among others |
Regulation and Security | |
🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
✔️Compliance Standards | Adheres to MiFID II, ASIC regulations, and other regional compliance standards |
💼Client Fund Segregation | Yes, client funds are held in segregated accounts |
🪫Negative balance protection | Yes, ensuring traders cannot lose more than their account balance |
🕵️♂️Financial Conduct Oversight | Regular audits and monitoring by respective regulatory bodies |
💰Insurance Coverage | Professional indemnity insurance in line with regulatory requirements |
📋AML & KYC Policy | Strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies |
🔒Security of Trading Platform | Advanced SSL encryption, two-factor authentication (2FA), and secure servers |
🛡️Investor Compensation Fund | Member of investor compensation schemes depending on regional regulations |
🖥️Cybersecurity Measures | Robust firewalls, regular penetration testing, and secure backups |
Account Types and Features | |
⚙️Standard Account | Yes, available with competitive features |
📊ECN Account | No, AvaTrade does not offer an ECN account |
🌙Islamic Account | Yes, swap-free accounts are available for Muslim traders |
🎮Demo Account | Yes, a free demo account is available with virtual funds |
👑VIP Account | Yes, available for high-net-worth traders with enhanced features |
💵Minimum Deposit | $100 / R1806 |
💱Base Currencies | USD, EUR, GBP, AUD, and others depending on the region |
⚖️Leverage Options | Up to 1:400 (varies based on region and asset class) |
📈Spreads (Fixed/Variable) | Fixed spreads EUR/USD starts at 0.9 pips |
🔄Swap-Free Accounts | Yes, available for Islamic accounts |
🌐Account Currency Conversion | Yes, account currencies can be converted during setup |
🚨Margin Call Level | 50% |
❌Stop-Out Level | 20% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | No, scalping is not permitted under AvaTrade’s policies |
🔁Copy Trading Support | Yes, through integration with ZuluTrade and DupliTrade |
👥Social Trading Features | Yes, via third-party platforms |
💼Managed Accounts | No, AvaTrade does not offer managed accounts |
Trading Conditions | |
🔍Average Spreads | EUR/USD starts from 0.9 pips (fixed spreads) |
💲Commissions per Trade | None, spreads only |
🔢Leverage Range | Up to 1:400 |
🚀Execution Speed | Ultra-fast execution |
📊Order Execution Type | Market execution |
🔄Slippage Policy | Minimal slippage, detailed in terms |
📏Margin requirements | Varies by asset class |
⏹️Stop-Loss and Take-Profit Orders | Yes |
🔁Trailing Stops | Yes |
🕑Pending Orders | Yes |
🔽Partial Fills | Yes |
🧾Dividend Adjustments | Yes |
🌙Overnight Swap Fees | Applicable, waived for Islamic accounts |
📆Rollover Policy | Follows market standards |
🛑Guaranteed Stop Loss | Yes, for specific instruments |
Trading Instruments | |
💹Forex Currency Pairs | 55+ pairs, including majors, minors, and exotics |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes, including soft commodities |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | Yes (via platforms and email) |
📉Stocks | Yes, global stocks available |
🗂️ETFs | Yes |
🏛️Bonds | No |
📜Futures Contracts | No |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes, leverage up to 1:400 |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | Yes, available in some regions |
🧺Currency Baskets | No |
Deposits and Withdrawals | |
💳Deposit Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller), Local Payment Methods |
💵Withdrawal Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller) |
⏱️Processing Time for Deposits | YesInstant for most methods, 1-3 business days for bank transfers |
🕒Processing Time for Withdrawals | 24-48 hours for most methods, up to 5 business days for bank transfers |
🚫Deposit Fees | No |
💵Withdrawal Fees | No |
🔢Minimum Deposit Amount | $100 |
📉Minimum Withdrawal Amount | $100 (may vary by method) |
🚪Maximum Withdrawal Limit | No specific limit, subject to account balance |
💱Supported Currencies | USD, EUR, GBP, AUD, and more |
₿Crypto Deposits & Withdrawals | Not supported |
🏦Bank Wire Transfers | Supported |
💳Credit/Debit Cards | Supported |
📲E-Wallets (Skrill, Neteller, etc.) | Supported |
🏘️Local Payment Methods | Supported (varies by region) |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes, fully supported |
👩💻MetaTrader 5 (MT5) | Yes, available for advanced trading |
🖥️Proprietary Platform | Yes, AvaTradeGo and WebTrader |
📱Mobile Trading App | Yes, AvaTradeGo offers comprehensive mobile trading |
🌐Web-Based Platform | Yes, WebTrader is available |
🤖Trading Bots | Yes, compatible with EAs (Expert Advisors) |
🖧VPS Services | Available upon request |
🔌API Connectivity | No |
📉Charting Tools | Advanced charting tools are available |
🧮Custom Indicators | Supported via MT4/MT5 |
🧠Market Sentiment Analysis | Yes, integrated into platforms |
📩Trading Signals | Yes, via partnerships with Trading Central |
🏷️Advanced Order Types | Yes, including stop orders and limit orders |
⚠️Risk Management Tools | Yes, includes guaranteed stop-loss and negative balance protection |
📅Economic Calendar | Yes, provided within the platform |
📰Market News Feed | Yes, updated in real-time |
Customer Support | |
📞Support Channels | Live Chat, Email, Phone, FAQ/Help Center |
🗨️Live Chat Availability | 24/5 |
📧Email Support | Available |
📱Phone Support | Available |
🌍Multilingual Support | Yes, supports multiple languages |
❓Help Center/FAQ | Comprehensive Help Center and FAQs |
👨💼Dedicated Account Manager | Available for premium accounts |
⏲️Response Time (Live Chat) | Within a few minutes |
🕒Response Time (Email) | 24-48 hours |
⭐Support Rating | High-rated for responsiveness and efficiency |
Educational Resources and Support | |
🎥Webinars | Regular webinars on various trading topics |
🏫Seminars | Available in selected locations |
📖Trading Tutorials | Comprehensive beginner and advanced tutorials |
📊Market Analysis Reports | Daily and weekly market analysis reports |
📚E-Books | Various e-books covering different aspects of trading |
🎬Video Library | Extensive library with video tutorials |
📜Glossary | Detailed glossary of trading terms |
❔FAQs | Frequently Asked Questions section covering general and account-related inquiries |
🆕Beginner Guides | Step-by-step beginner guides to help new traders |
🚀Advanced Trading Strategies | In-depth strategies for experienced traders to enhance trading skills |
Partnerships and Programs | |
📋IB Program | Yes |
🪪Affiliate program? | Commission-based program for affiliates promoting AvaTrade |
🏷️White Label Solutions | Customized solutions for financial institutions and brokers to offer AvaTrade's services under their brand |
🎁Partnership Rewards | Rewards and bonuses for partners based on performance and business growth |
🏛️Institutional Solutions | Tailored solutions for financial institutions, including liquidity services |
🔌API Partnership | AvaTrade offers API access for integrating their trading services into third-party platforms |
🤝Referral Program | Incentives for clients who refer new traders to AvaTrade |
Fees & Charges | |
💳Deposit Fees | No deposit fees for most methods |
📤Withdrawal Fees | No withdrawal fees for most methods |
💤Inactivity Fee | Inactivity fee of $50/month after 3 months of no trading activity |
🌜Overnight Fees (Swaps) | Charges/credits depend on the position, asset class, and market conditions |
💱Conversion Fees | Conversion fees apply when depositing or withdrawing in a different currency than the account's base currency |
💰Commission on Trades | No commission for standard accounts, but commissions may apply for certain account types like ECN accounts |
Market Research Tools | AvaTrade offers an economic calendar with key financial events and news updates. |
📅Economic Calendar | AvaTrade offers an economic calendar with key financial events and news updates. |
📰Market News | AvaTrade provides real-time market news from leading financial sources. |
📩Trading Signals | AvaTrade offers trading signals through third-party providers and on its platform. |
🔧Technical Analysis Tools | AvaTrade includes charting tools, technical indicators, and analysis features. |
💭Sentiment Analysis | AvaTrade provides sentiment indicators, showing the market mood and trends. |
Additional Features | |
👥PAMM/MAM Accounts | AvaTrade offers PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) accounts for fund managers and clients. |
🔗Social Trading Platform | AvaTrade provides a social trading platform allowing users to follow and copy trades of others. |
🏆Trading Competitions | AvaTrade hosts periodic trading competitions with cash prizes and other rewards. |
🎁Loyalty Rewards | AvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders. |
👑Exclusive VIP Perks | AvaTrade offers VIP clients exclusive services like personalized account management and special offers. |
Promotions & Bonuses | |
🎁Welcome Bonus | AvaTrade offers a welcome bonus to new clients upon opening and funding their accounts. |
💵Deposit Bonus | AvaTrade may offer deposit bonuses, providing additional trading funds on qualifying deposits. |
🏅Trading Contests | AvaTrade organizes trading contests, where participants can win prizes based on their trading performance. |
🌟Seasonal Promotions | AvaTrade runs seasonal promotions throughout the year, offering special deals and bonuses. |
🎖️Loyalty Programs | AvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses. |
User Experience & Reviews | |
🖥️User Interface Quality | AvaTrade’s platform offers a clean and intuitive interface, designed for both beginner and experienced traders. |
🔒Platform Stability | AvaTrade’s platform is known for its stability, with minimal downtime and robust performance under various market conditions. |
📱Mobile App Reviews | The mobile app receives positive reviews for its ease of use, offering a wide range of features similar to the desktop platform. |
⭐Overall User Rating | AvaTrade generally holds a solid rating from users, with many praising its comprehensive offerings and user-friendly interface. |
🌟Trustpilot Rating | AvaTrade maintains a strong Trustpilot rating, with many clients expressing satisfaction with their services. |
😟Common Complaints | Common complaints include slow customer support response times and occasional withdrawal issues. |
Mobile | |
📱Mobile App Name | AvaTradeGO |
🛠️Developer | AvaTrade Ltd. |
📅Release Year | 2019 |
💻OS Compatibility | iOS, Android |
🌐Languages Supported | English, French, Spanish, Italian, Arabic, Portuguese, and others |
📈Trading Instruments | Forex, CFDs, Commodities, Stocks, Indices, Cryptocurrencies |
🔄Real-Time Data | Yes, with live market data and updates |
🛠️Charting Tools | Advanced charting tools with technical analysis indicators |
📊Order Types Supported | Market Orders, Limit Orders, Stop Orders, OCO, Trailing Stop |
🚀Order Execution Speed | Fast, near-instant execution on mobile |
🔔Custom Alerts | Yes, users can set price alerts and notifications |
🤝Beginner-Friendly | Yes, the app is designed with simplicity and ease of use |
🔐Security Features | Two-factor authentication (2FA), encryption |
🖥️Synchronization | Syncs across all devices (mobile and desktop) |
💰Deposit and Withdrawal | Yes, mobile deposits and withdrawals are supported |
📝Account Types Accessible | All account types available, including demo accounts |
🔄Switch Accounts | Yes, users can switch between accounts easily |
💬In-App Support | Live chat support available within the app |
📚Educational Resources | Access to tutorials, webinars, and market analysis |
🎯Watchlist | Yes, users can create and manage a personalized watchlist |
🌙Dark Mode | Yes, the app supports dark mode for better visibility |
🌐Social Trading | Yes, users can engage in social trading within the app |
AI Trading Resources | |
🤖AI Integration | AvaTrade offers AI-powered trading tools, integrated into the platform |
📊Data Analysis | Yes, AI-driven data analysis for enhanced decision-making |
📈Predictive Analytics | Yes, predictive tools are available to anticipate market trends |
🛠️Customizable Strategies | Yes, users can customize their trading strategies using AI tools |
📉Risk Management Tools | Advanced AI tools to assess and manage trading risks |
🧑🏫Trading Insights | AI-based insights and recommendations for optimal trades |
🚀Execution Optimization | AI-driven algorithms that optimize order execution speed |
🔄Portfolio Rebalancing | Yes, AI can assist in portfolio rebalancing based on market changes |
📚AI Tutorials | Available educational resources on how to use AI tools in trading |
🎥Video Demonstrations | Yes, video tutorials explaining how to use AI features |
🧑🤝🧑Webinars | Yes, webinars are available to discuss AI trading strategies |
🔍AI-Powered Search | Yes, search tools are enhanced with AI to provide more accurate results |
🌟Beginner-Friendly | Yes, AI tools are designed to be accessible for beginners |
🖥️Platform Availability | Available on both desktop and mobile platforms |
📈Backtesting Capability | Yes, users can backtest strategies using historical data |
🛠️Strategy Builder | Yes, users can build and customize their own AI-driven strategies |
🔔Alerts and Notifications | Yes, AI-powered alerts for market events and strategy changes |
🔒Data Protection | Strong encryption and data protection measures in place |
👁Transparency | Full transparency on how AI algorithms work and make decisions |
Social Media Platformst | |
AvaTrade is active on Facebook, providing updates, news, and promotions. |
|
AvaTrade uses Instagram to share educational content, market analysis, and trading tips. |
|
AvaTrade regularly tweets market insights, promotions, and company news. | |
AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news. | |
🎥YouTube | AvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content. |
👉Open Account | Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $100 |
Average spread EUR/USD – active | 1.3 active spread |
Average spread EUR/USD – standard | 1.3 Standard spread |
VIP or active trader discounts | Variable |
Pros and Cons
✅ Pros | ❌ Cons |
Easy and Fast account opening | Only CFDs, Forex, and Crypto offered |
Free deposit and withdrawal options | Poor phone support |
No withdrawals fees | Inactivity fee |
Our Findings
AvaTrade is a well-regulated forex broker with oversight from the ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and JFSA, ensuring high security and compliance. The broker offers fixed spreads and a variety of trading platforms.
8. Exness
Exness is a top choice for South African traders due to its strong regulatory framework, which includes oversight from the CBCS, CySEC, FCA, FSA, FSC, FSCA, and CMA.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Known for offering flexible leverage, tight spreads, and a range of account types, Exness is well-suited for beginners and experienced traders. The broker also provides instant withdrawals and supports multiple platforms, such as MetaTrader 4 and 5, ensuring a seamless trading experience.
Featured
Company Information | |
📅Year Founded | 2008 |
🧑🏻💻Amount of staff | Over 2,100 |
👩💻Amount of active traders | Over 320,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | EUR/USD & USD/JPY |
💰Minimum Deposit | $10 / R179 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.3 pips |
💸Commissions | Varies by account type, often commission-free |
💱Number of base currencies supported | +40 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:2000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@exness.com |
📞Customer Support Contact Number | +35725030959 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 15 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 64 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Exness Accept South African Traders? | Yes |
Is Exness regulated by the South African regulatory body (FSCA)? | Yes |
Does Exness offer an Affiliate Program for South African Traders? | Yes |
Does Exness allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Fees and Commissions
🟣Features | 💰Prices |
Minimum Initial deposit to start trading | $10 |
Average spread EUR/USD – active | From 0.0 pips |
VIP or active trader discounts | Yes, available through the VIP account and special promotions |
Pros and Cons
✅ Pros | ❌ Cons |
Highly Regulated | Limited Local Support |
Competitive Trading Conditions | High Leverage Risks |
Low Minimum Deposit | Complex Fee Structure |
Variety of Trading Instruments | Withdrawal Fees |
Educational Resources | Platform Limitations |
Local Currency Accounts | Customer Service Variability |
Demo Accounts | Regional Variations in Service |
VPS Hosting Available | Potential Over-Reliance on Automation |
Our Findings
Exness stands out as a top choice for forex traders due to its robust regulation by the CBCS, CySEC, FCA, FSA, FSC, FSCA, and CMA. It is also known for its flexible leverage options, competitive spreads, and various account types.
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Frequently Asked Questions
What are regulated forex brokers?
When a broker is regulated, it means they are safe and legit and adhere to various
rules and regulations of a specific international authority.
Can you trade forex without a regulated broker?
Yes, but it’s not safe.
Who are the best-regulated brokers?
See the complete list and info of 8 Best regulated forex brokers on our SAShares website.
Is Alpari International a regulated broker?
Yes, they are regulated by FSC.
Is XM.com a regulated broker?
Yes, XM is a regulated broker.
Why is it important to trade forex with a regulated broker?
Trading with regulated forex brokers ensures that your funds are protected and that you operate within a framework of rules and standards set by financial authorities.
How can I verify if a Forex broker is regulated?
You can verify a broker’s regulation by checking their website for regulatory licenses and registration numbers.
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