All Share (J203) = 89 062
Rand / Dollar = 18.40
Rand / Pound = 23.22
Rand / Euro = 19.24
Gold (usd/oz) = 2 931.46
Platinum (usd/oz) = 976.70
Brent (usd/barrel) = 76.02
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

8 Best Regulated Forex Brokers

Best Forex Regulated Brokers Banner

 

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 RegulationIn 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 AccountUSD 100 / R1806FSC
🥇FXTM👉 Open AccountUSD 10 / R179FCA,
FSC,
FSCA
🥉FP Markets👉 Open AccountUSD 100 / R1806ASIC,
CySEC,
FSCA,
CMA
🥇XM👉 Open AccountUSD 5 / R89IFSC,
FCA,
CySEC,
ASIC,
CMA
🥈 Octa👉 Open Account
USD 25 / R447CySEC,
MISA,
FSCA
🥉GO Markets👉 Open AccountUSD 200 / R3581ASIC,
CySEC,
FSC,
FSA,
SCA
🥇AvaTrade👉 Open AccountUSD 100 / R1806ASIC,
FSA,
CBI,
BVI,
FSCA,
FRSA,
CySEC,
ISA,
JFSA
🥈Exness👉 Open AccountUSD 10 / R179CBCS,
CySEC,
FCA,
FSA,
FSC,
FSCA,
CMA

 

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

 

8 Best Regulated Forex Brokers:

  1. ☑️Alpari – Best Overall, with an ultra-competitive cost structure.
  2. ☑️FXTM – Ideal for high-frequency traders and scalpers.
  3. ☑️FP Markets – Best Forex Trading App.
  4. ☑️XM – Trusted Broker for Beginners.
  5. ☑️Octa – Best multi-asset Platform.
  6. ☑️Go MarketsPowerful & Reliable Trading Platforms
  7. ☑️AvaTradeBest Overall broker for South African traders.
  8. ☑️ExnessVoted No. 1 Forex Broker – Fully Regulated.

 

1. Alpari

Alpari Review

 

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 Founded1998
🧑🏻‍💻Amount of staffOver 500
👩‍💻Amount of active tradersOver 1,000,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSC
🌎Country of regulationMauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard,
ECN,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD,
EUR,
GBP,
JPY,
AUD,
CAD,
CHF,
SGD,
NZD,
RUB
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing timeFast and efficient
🪙Fund Withdrawal FeeNo Fees
📊Spreads from0.1 pips
💸CommissionsVaries based on account type
💱Number of base currencies supported10+
🚀Swap FeesApplicable
📈LeverageUp to 1:500
📏Margin requirementsVary based on instrument and account type
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeFast execution
📆VPS HostingAvailable
Trading Instruments
🧾CFDs-Total Offered200+
🗠CFD Stock Indices20+
⚖️CFD Commodities15+
📜CFD Shares100+
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
wire transfer,
e-wallets
💵Withdrawal OptionsCredit/debit cards,
wire transfer,
e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👩‍💻OS CompatibilityWindows,
Mac,
Android,
iOS
🖥️Forex trading toolsEconomic calendar,
charting tools,
news feed
Customer Support
🗣️Live chat availability24/5
📱Customer Support email addresscustomersuppport@alpari.org
📞Customer Support Contact Number+44 20 3137 5757
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish,
Russian,
Spanish,
Arabic,
Chinese,
and more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
guides
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 10,000
📋IB ProgramYes
🪙Rebate programYes
👉Open AccountOpen Account

 

Alpari

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$100
Average spread EUR/USD – activeFrom 1.7
Average spread EUR/USD – standardFrom 1.7
VIP or active trader discountsFrom 0.4

 

Pros and Cons

✅ Pros❌ Cons
Member of a Financial Commission and provides adequate investor protectionFixed spreads are not offered
Offers innovative and powerful online trading platformsLack of educational material
Perfect for beginner traders and offers sophisticated solutions to professional tradersClients 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 Review South Africa

 

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

🔎BrokerFXTM
Company Information
📅Year Founded2011
🧑🏻‍💻Amount of staff700+
👩‍💻Amount of active tradersOver 3 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA,
FSCA,
FSC
🌎Country of regulationUK,
South Africa,
Mauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsYes (PAMM accounts)
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$200 / R3709
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeVaries by method
📊Spreads from0.1 pips
💸CommissionsFrom $4 per lot (on certain accounts)
💱Number of base currencies supported7
🚀Swap FeesApplicable
📈LeverageUp to 1:2000
📏Margin requirementsVaries based on leverage and asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered250+
🗠CFD Stock Indices11
⚖️CFD Commodities6
📜CFD Shares120+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
FXTM Trader App
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals,
VPS,
economic calendar
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@fxtm.com
📞Customer Support Contact Number+44 203 734 1071
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website15+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners3,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

FXTM

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$10
Average spread EUR/USD – active0.6 pip spread cost
Average spread EUR/USD – standard0.6 standard pip spread cost
VIP or active trader discountsCharges commission with lower spread cost

 

Pros and Cons

✅ Pros❌ Cons
Well-regulated broker for traders with a comprehensive regulatory frameworkInactivity fee charged to dormant accounts
Offers tight spreads and commission-free accounts that have negative balance protection appliedUS 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

FPMarkets Review

 

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 Founded2005
🧑🏻‍💻Amount of staff274
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC, CySEC, FSCA, FSA, FSC, CMA
🌎Country of regulationAustralia, Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw ECN, and VIP accounts available
💳Institutional AccountsYes, tailored solutions for institutional clients
👨‍💼Managed AccountsYes, offered through third-party managed account services
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, and others
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposits are typically processed instantly; withdrawals usually within 1-2 business days
🪙Fund Withdrawal FeeGenerally no fees for withdrawals; may vary based on method
📊Spreads fromSpreads start from 0.0 pips on Raw ECN accounts
💸CommissionsFrom $3.5 per side per lot on Raw ECN accounts
💱Number of base currencies supportedOver 10 base currencies including USD, EUR, GBP, AUD, JPY, and others
🚀Swap FeesSwap fees apply; may vary depending on the position and account type
📈LeverageUp to 1:500 depending on the account type and instrument
📏Margin requirementstypically 0.2% - 1%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically 40-50 milliseconds on Raw ECN accounts
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,000 CFDs across various asset classes
🗠CFD Stock IndicesYes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more
⚖️CFD CommoditiesYes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more
📜CFD SharesYes, A wide range of global stocks from major markets including US, UK, EU, and Asia
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets
💵Withdrawal OptionsBank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/7
📱Customer Support email addresssupport@fpmarkets.com
📞Customer Support Contact Number+61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK)
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish, Chinese, Arabic, and other major languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 100,000 affiliates
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

FP Markets

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$100
Average spread EUR/USD – active0.45 pip spread cost
Average spread EUR/USD – standard0.45 standard pip spread cost
VIP or active trader discountsMarkets base rate + 3.0%

 

Pros and Cons

✅ Pros❌ Cons
South Africans can expect commission-free trading on the standard accountFP Markets’ demo account expires if it is not frequently used
FP Markets offers powerful trading platformsThe 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 OptionsDiscouragement 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 Review

 

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

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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 Founded2009
🧑🏻‍💻Amount of staff450+
👩‍💻Amount of active tradersOver 5 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationIFSC,
FCA,
CySEC,
ASIC,
CMA
🌎Country of regulationAustralia,
Cyprus,
Belize
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$5 / R89
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported11
🚀Swap FeesApplicable
📈LeverageUp to 1:1000
📏Margin requirementsVaries by asset and region
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,000+
🗠CFD Stock Indices30+
⚖️CFD Commodities15+
📜CFD Shares1,200+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
XM WebTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals, indicators,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@xm.com
📞Customer Support Contact Number+357 25029933
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website25+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes (in multiple languages)
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 5,000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
👉Open Account👉 Open Account

 

XM

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$5
Average spread EUR/USD – active0.9 spread
Average spread EUR/USD – standard0.5 standard spread
VIP or active trader discountsFloating lowest at 0 pips

 

Pros and Cons

✅ Pros❌ Cons
Great Educational toolsLimited product portfolio
Easy and fast account openingInactivity fee after 90 days
No withdrawal feesOnly 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 Review

 

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 Founded2011
Current CEODarrell E. Johnson
Founder/sGeorgios D. Pantzis
🧑🏻‍💻Amount of staff694
👩‍💻Amount of active tradersOver 1,000,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCySEC, MWALI, FSCA
🌎Country of regulationCyprus, Union of the Comoros, South Africa
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsOctaTrader Account, MT4, MT5
💳Institutional AccountsNo
👨‍💼Managed AccountsNo
📇Minor account currenciesUSD, EUR
💰Minimum Deposit$25 / R447
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported2 (USD, EUR)
🚀Swap FeesYes
📈LeverageUp to 1:1000
📏Margin requirementsmargin requirement of 50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeIn seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 277
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on trading board Yes
Deposits and Withdrawals
💳Deposit Optionscredit cards, debit cards, bank transfers, e-wallets (like Skrill, Neteller), and cryptocurrency
💵Withdrawal OptionsThe same as deposit options
Trading Platforms and Tools
💻Trading PlatformsOctaTrader, MetaTrader 4, MetaTrader 5
👩‍💻OS CompatibilityWeb, Mobile (iOS and Android)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/7
📱Customer Support email addresssupport@octafx.com
📞Customer Support Contact NumberN/A
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish, Arabic, Chinese, Indonesian, Malay, Thai, and Vietnamese
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 4,600
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
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 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 AccountOpen Account

 

Octa

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$25
Average spread EUR/USD – active0.9 spread
Average spread EUR/USD – standard0.5 standard spread
VIP or active trader discountsFloating lowest at 0 pips

 

Pros and Cons

✅ Pros❌ Cons
Regulated by SVGFSALimited assets
Unlimited demo accountLow Crypto coverage
Advanced technologyNo VPS
Forex and CFDs offeredNo education tools on Forex
More than 80 pairs to tradeNo 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 Review

 

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 Founded2006
🧑🏻‍💻Amount of staffApproximately 100+
👩‍💻Amount of active tradersOver 100,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
CySEC,
FSC,
FSA,
SCA
🌎Country of regulationAustralia,
Cyprus
UK
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesAUD,
USD,
EUR,
GBP,
NZD,
CAD,
SGD,
CHF,
HKD
💰Minimum Deposit$200 / R3581
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.0 pips
💸CommissionsDepends on account type
💱Number of base currencies supported16
🚀Swap FeesVaries by instrument and account type
📈LeverageUp to 500:1
📏Margin requirementsVaries by instrument and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time< 1 second
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered 1000+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsMastercard
Visa
Skrill
Neteller
Bank/Wire Transfer
💵Withdrawal OptionsMastercard
Visa
Skrill
Neteller
Bank/Wire Transfer
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
and cTrader
MetaTrader Copy Trader
cTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsEconomic calendar,
trading signals,
charts
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport.mu@gomarkets.com
📞Customer Support Contact Number+230 5869 0074
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on WebsiteEnglish,
Chinese,
Japanese,
Thai,
and others
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesTrading guides,
video tutorials,
market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot specified
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programNo
👉Open Account👉 Open Account

 

GO MARKETS

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$200 standard
Average spread EUR/USD – activeVariable
VIP or active trader discountsVariable

 

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 Review

 

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

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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

CategoryDetails
Company Information
🏷️Company NameAvaTrade
📍Headquarters LocationDublin, Ireland
📅Year Established2006
👤CEO/FounderDáire Ferguson
🌐Global Offices Over 15 offices worldwide,
including Japan,
Australia,
and South Africa
🔖Licensing BodyCentral Bank of Ireland, ASIC,
FSA (Japan),
FSCA (South Africa),
ADGM (UAE)
👥Group CompaniesAva Capital Markets,
AvaTrade EU,
AvaTrade Japan,
AvaTrade Middle East
🏛️Business ModelMarket Maker
🌍Operational LanguagesOver 20 languages, including English,
Spanish,
French,
and Arabic
🏆Awards & RecognitionsBest Broker 2023,
Best Trading App 2022, among others
Regulation and Security
🛡️RegulationCBI,
BVI FSC,
ASIC,
FSCA,
ADGM,
FRSA,
ISA
✔️Compliance StandardsAdheres to MiFID II,
ASIC regulations,
and other regional compliance standards
💼Client Fund Segregation Yes,
client funds are held in segregated accounts
🪫Negative balance protectionYes,
ensuring traders cannot lose more than their account balance
🕵️‍♂️Financial Conduct OversightRegular audits and monitoring by respective regulatory bodies
💰Insurance CoverageProfessional indemnity insurance in line with regulatory requirements
📋AML & KYC PolicyStrict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies
🔒Security of Trading PlatformAdvanced SSL encryption, two-factor authentication (2FA), and secure servers
🛡️Investor Compensation FundMember of investor compensation schemes depending on regional regulations
🖥️Cybersecurity MeasuresRobust 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 AccountYes,
swap-free accounts are available for Muslim traders
🎮Demo Account Yes,
a free demo account is available with virtual funds
👑VIP AccountYes,
available for high-net-worth traders with enhanced features
💵Minimum Deposit$100 / R1806
💱Base CurrenciesUSD,
EUR,
GBP,
AUD,
and others depending on the region
⚖️Leverage OptionsUp to 1:400
(varies based on region and asset class)
📈Spreads (Fixed/Variable)Fixed spreads
EUR/USD starts at 0.9 pips
🔄Swap-Free AccountsYes,
available for Islamic accounts
🌐Account Currency ConversionYes,
account currencies can be converted
during setup
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedNo,
scalping is not permitted under AvaTrade’s policies
🔁Copy Trading SupportYes,
through integration with ZuluTrade and DupliTrade
👥Social Trading FeaturesYes,
via third-party platforms
💼Managed AccountsNo, AvaTrade does not offer managed accounts
Trading Conditions
🔍Average SpreadsEUR/USD starts from 0.9 pips (fixed spreads)
💲Commissions per Trade None,
spreads only
🔢Leverage RangeUp to 1:400
🚀Execution SpeedUltra-fast execution
📊Order Execution TypeMarket execution
🔄Slippage PolicyMinimal slippage,
detailed in terms
📏Margin requirementsVaries by asset class
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees Applicable,
waived for Islamic accounts
📆Rollover PolicyFollows market standards
🛑Guaranteed Stop LossYes,
for specific instruments
Trading Instruments
💹Forex Currency Pairs55+ pairs,
including majors,
minors,
and exotics
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes,
including soft commodities
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes (via platforms and email)
📉StocksYes,
global stocks available
🗂️ETFsYes
🏛️BondsNo
📜Futures Contracts No
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes,
leverage up to 1:400
🎯Micro-Lot TradingYes
💸Spread BettingYes,
available in some regions
🧺Currency BasketsNo
Deposits and Withdrawals
💳Deposit MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller),
Local Payment Methods
💵Withdrawal MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller)
⏱️Processing Time for DepositsYesInstant for most methods,
1-3 business days for bank transfers
🕒Processing Time for Withdrawals24-48 hours for most methods,
up to 5 business days for bank transfers
🚫Deposit FeesNo
💵Withdrawal FeesNo
🔢Minimum Deposit Amount$100
📉Minimum Withdrawal Amount$100 (may vary by method)
🚪Maximum Withdrawal Limit No specific limit,
subject to account balance
💱Supported CurrenciesUSD,
EUR,
GBP,
AUD,
and more
₿Crypto Deposits & WithdrawalsNot supported
🏦Bank Wire TransfersSupported
💳Credit/Debit CardsSupported
📲E-Wallets
(Skrill, Neteller, etc.)
Supported
🏘️Local Payment MethodsSupported
(varies by region)
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes,
fully supported
👩‍💻MetaTrader 5 (MT5)Yes,
available for advanced trading
🖥️Proprietary PlatformYes,
AvaTradeGo and WebTrader
📱Mobile Trading AppYes,
AvaTradeGo offers comprehensive mobile trading
🌐Web-Based PlatformYes,
WebTrader is available
🤖Trading BotsYes,
compatible with EAs (Expert Advisors)
🖧VPS ServicesAvailable upon request
🔌API ConnectivityNo
📉Charting ToolsAdvanced charting tools are available
🧮Custom IndicatorsSupported via MT4/MT5
🧠Market Sentiment Analysis Yes,
integrated into platforms
📩Trading SignalsYes,
via partnerships with Trading Central
🏷️Advanced Order TypesYes,
including stop orders and limit orders
⚠️Risk Management ToolsYes,
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 ChannelsLive Chat,
Email,
Phone,
FAQ/Help Center
🗨️Live Chat Availability24/5
📧Email SupportAvailable
📱Phone SupportAvailable
🌍Multilingual SupportYes,
supports multiple languages
❓Help Center/FAQComprehensive Help Center and FAQs
👨‍💼Dedicated Account ManagerAvailable 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
🏫SeminarsAvailable in selected locations
📖Trading TutorialsComprehensive beginner and advanced tutorials
📊Market Analysis ReportsDaily and weekly market analysis reports
📚E-BooksVarious e-books covering different aspects of trading
🎬Video LibraryExtensive library with video tutorials
📜GlossaryDetailed glossary of trading terms
❔FAQs Frequently Asked Questions section covering general and account-related inquiries
🆕Beginner GuidesStep-by-step beginner guides to help new traders
🚀Advanced Trading StrategiesIn-depth strategies for experienced traders to enhance trading skills
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Commission-based program for affiliates promoting AvaTrade
🏷️White Label SolutionsCustomized 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 SolutionsTailored solutions for financial institutions, including liquidity services
🔌API Partnership AvaTrade offers API access for integrating their trading services into third-party platforms
🤝Referral ProgramIncentives for clients who refer new traders to AvaTrade
Fees & Charges
💳Deposit FeesNo deposit fees for most methods
📤Withdrawal FeesNo withdrawal fees for most methods
💤Inactivity FeeInactivity 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 FeesConversion fees apply when depositing or withdrawing in a different currency than the account's base currency
💰Commission on TradesNo commission for standard accounts,
but commissions may apply for certain account types like ECN accounts
Market Research ToolsAvaTrade offers an economic calendar with key financial events and news updates.
📅Economic CalendarAvaTrade offers an economic calendar with key financial events and news updates.
📰Market NewsAvaTrade 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 ToolsAvaTrade 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 PlatformAvaTrade provides a social trading platform allowing users to follow and copy trades of others.
🏆Trading CompetitionsAvaTrade hosts periodic trading competitions with cash prizes and other rewards.
🎁Loyalty RewardsAvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders.
👑Exclusive VIP PerksAvaTrade 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 ContestsAvaTrade organizes trading contests,
where participants can win prizes based on their trading performance.
🌟Seasonal PromotionsAvaTrade runs seasonal promotions throughout the year,
offering special deals and bonuses.
🎖️Loyalty ProgramsAvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses.
User Experience & Reviews
🖥️User Interface QualityAvaTrade’s platform offers a clean and intuitive interface,
designed for both beginner and experienced traders.
🔒Platform StabilityAvaTrade’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 RatingAvaTrade generally holds a solid rating from users,
with many praising its comprehensive offerings and user-friendly interface.
🌟Trustpilot RatingAvaTrade maintains a strong Trustpilot rating,
with many clients expressing satisfaction with their services.
😟Common ComplaintsCommon complaints include slow customer support response times and occasional withdrawal issues.
Mobile
📱Mobile App NameAvaTradeGO
🛠️Developer AvaTrade Ltd.
📅Release Year2019
💻OS CompatibilityiOS, Android
🌐Languages SupportedEnglish,
French,
Spanish,
Italian,
Arabic,
Portuguese,
and others
📈Trading InstrumentsForex,
CFDs,
Commodities,
Stocks,
Indices,
Cryptocurrencies
🔄Real-Time DataYes,
with live market data and updates
🛠️Charting ToolsAdvanced charting tools with technical analysis indicators
📊Order Types SupportedMarket Orders,
Limit Orders,
Stop Orders,
OCO,
Trailing Stop
🚀Order Execution SpeedFast,
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 FeaturesTwo-factor authentication (2FA), encryption
🖥️SynchronizationSyncs across all devices (mobile and desktop)
💰Deposit and Withdrawal Yes,
mobile deposits and withdrawals are supported
📝Account Types AccessibleAll account types available,
including demo accounts
🔄Switch AccountsYes,
users can switch between accounts easily
💬In-App SupportLive chat support available within the app
📚Educational Resources Access to tutorials, webinars,
and market analysis
🎯WatchlistYes,
users can create and manage a personalized watchlist
🌙Dark ModeYes,
the app supports dark mode for better visibility
🌐Social TradingYes,
users can engage in social trading within the app
AI Trading Resources
🤖AI IntegrationAvaTrade offers AI-powered trading tools,
integrated into the platform
📊Data Analysis Yes,
AI-driven data analysis for enhanced decision-making
📈Predictive AnalyticsYes,
predictive tools are available to anticipate market trends
🛠️Customizable StrategiesYes,
users can customize their trading strategies using AI tools
📉Risk Management ToolsAdvanced AI tools to assess and manage trading risks
🧑‍🏫Trading InsightsAI-based insights and recommendations for optimal trades
🚀Execution OptimizationAI-driven algorithms that optimize order execution speed
🔄Portfolio RebalancingYes,
AI can assist in portfolio rebalancing based on market changes
📚AI TutorialsAvailable educational resources on how to use AI tools in trading
🎥Video DemonstrationsYes,
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 AvailabilityAvailable on both desktop and mobile platforms
📈Backtesting CapabilityYes,
users can backtest strategies using historical data
🛠️Strategy BuilderYes,
users can build and customize their own AI-driven strategies
🔔Alerts and NotificationsYes,
AI-powered alerts for market events and strategy changes
🔒Data ProtectionStrong encryption and data protection measures in place
👁Transparency Full transparency on how AI algorithms work and make decisions
Social Media Platformst
📘FacebookAvaTrade is active on Facebook,
providing updates,
news,
and promotions.
📷InstagramAvaTrade uses Instagram to share educational content,
market analysis,
and trading tips.
🐦Twitter AvaTrade regularly tweets market insights, promotions, and company news.
💼LinkedIn AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news.
🎥YouTubeAvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content.
👉Open AccountOpen Account

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$100
Average spread EUR/USD – active1.3 active spread
Average spread EUR/USD – standard1.3 Standard spread
VIP or active trader discountsVariable

 

Pros and Cons

✅ Pros❌ Cons
Easy and Fast account openingOnly CFDs, Forex, and Crypto offered
Free deposit and withdrawal optionsPoor phone support
No withdrawals feesInactivity 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

Review 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

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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 Founded2008
🧑🏻‍💻Amount of staffOver 2,100
👩‍💻Amount of active tradersOver 320,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw Spread, Standard Cent, Zero, Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesEUR/USD & USD/JPY
💰Minimum Deposit$10 / R179
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.3 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported+40
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:2000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies (Bitcoin, Ethereum, etc.)
💵Withdrawal OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies
(Bitcoin, Ethereum, etc.)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5),
Exness Trade
👩‍💻OS CompatibilityWindows,
macOS,
iOS,
Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@exness.com
📞Customer Support Contact Number+35725030959
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website15 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners64 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
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 AccountOpen Account

 

Fees and Commissions

🟣Features💰Prices
Minimum Initial deposit to start trading$10
Average spread EUR/USD – activeFrom 0.0 pips
VIP or active trader discountsYes, available through the VIP account and special promotions

 

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

 

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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5/5 - (45 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

September 10, 2024

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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