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!

10 Best Online Forex Brokers

Best Online Forex Brokers Banner

 

When choosing the best online forex brokers, consider factors such as regulation, trading platforms, fees, and available instruments.

According to research in South Africa, choosing an online broker is one of the most important decisions you will make as an investor. There are many great online brokers out there, but just because they are good doesn’t necessarily mean they suit you.

This is a complete listing of The 10 Best Online Forex Brokers requiredIn this in-depth write-up, you will learn:

 

  • The Top 10 Online Forex Brokers in South Africa
  • Who are the Best-regulated Forex Brokers
  • Best online broker with MT5
  • Our recommended Forex Broker for Beginners
  • Pros and Cons for Online Forex Brokers
  • FAQ for Online Forex Brokers

 

And much, much more!

 

Best Online Forex Brokers

🔎 Broker👉Open Account💴 Minimum Dep.💵 Regulation💶 Leverage
🥇 AvaTrade👉 Open Account$100 / R1806 ZARFSCA,
ASIC,
CySEC
1:400
🥈 HFM👉 Open Account
$0 USD / 0 ZARFSCA,
FCA,
CySEC
1:1000
🥉 Exness👉 Open Account$10 USD / 177 ZARFSCA,
CySEC,
FCA
1:2000
🏅 FXTM👉 Open Account$10 USD / 177 ZARFSCA,
FCA,
CySEC
1:1000
🥉XM👉 Open Account$5 USD / 88 ZARFSCA,
ASIC,
CIMA
1:888
🎖️ Vantage👉 Open Account$200 USD / 3557 ZARFSCA,
ASIC,
CIMA
1:500
🏆 FXPro👉 Open Account$100 / R1806 ZARFCA,
CySEC,
FSCA
1:500
🥇Pepperstone👉 Open Account$0 USD / 0 ZARFSCA,
ASIC,
FCA
1:500
🥉IC Markets👉 Open Account$200 USD / 3557 ZARASIC,
FSCA
1:500
🥈FP Markets👉 Open Account$100 USD / R1806 ZARFSCA,
ASIC,
CySEC
1:500

 

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

 

What is Online Forex Brokers – Definition

The greatest providers of online foreign exchange brokers offer a complete trading experience built on the foundations of regulatory compliance, competitive spreads, and strong trading platforms. They are generally monitored by respected bodies such as FSCA, FCA, or CySEC to guarantee safety during transactions.

Moreover, leading brokers facilitate transactions involving a variety of financial instruments, including foreign exchange (forex), commodities, indices, and cryptocurrencies.

 

10 Best Online Forex Brokers in South Africa

  1. ☑️AvaTrade – Overall, the Best Online Forex Broker in South Africa.
  2. ☑️HFM -South African Forex broker regulated by the FSCA.
  3. ☑️Exness – High User Trust Score 95/100 with ZAR support.
  4. ☑️FXTM – Quality Educational Materials with a deposit bonus.
  5. ☑️XM – High User Trust Score 95/100 with ZAR support.
  6. ☑️Vantage – Good Option for Beginners for South Africans.
  7. ☑️FXPro – Excellent trading platforms and online support.
  8. ☑️Pepperstone – Great Spreads and Online Trading Experience.
  9. ☑️IC Markets – Regulated in SA, High User Trust Score 92/100.
  10. ☑️FP MarketsExcellent all-around offering for professional traders.

 

1. AvaTrade

AvaTrade Review

 

AvaTrade: an underlined online Forex Broker operating under several authorities, including FSCA, ASIC, and CySEC. Unlike other platforms with complex structures, such as MT4s or MT5s, they have user-friendly interfaces.

 

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

 

With a minimum deposit of $100 and leverage up to 1:400, it caters to novice and experienced traders. Moreover, the company is known for its all-encompassing educational resources that help traders grow their skills while providing reliable customer service at all times, thus making it one of the leading choices for individuals in South Africa engaged in online trading.

The wide range of financial instruments includes forex (foreign exchange), shares (equities), commodities, etc., making AvaTrade an option with competitive spreads.

 

Featured

Company Information
📅Year Founded2006
🧑🏻‍💻Amount of staff614
👩‍💻Amount of active traders300,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCBI,
BVI FSC,
ASIC,
FSCA,
ADGM,
FRSA,
ISA
🌎Country of regulationIreland,
Australia,
Japan,
South Africa,
Abu Dhabi,
British Virgin Islands, European Union, Polish Branch.
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) |
* Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) |
Account Types and Features
➕AccountsStandard Account,
Retail Islamic account,
Professional account
💳Institutional AccountsYes
👨‍💼Managed AccountsAvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts.
📇Minor account currenciesAUD,
JPY,
GBP,
USD,
EUR,
CHF
💰Minimum Deposit$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree up to a certain amount
📊Spreads from0.7 pips
💸CommissionsNo
💱Number of base currencies supportedOver 50
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 400:1
📏Margin requirements0.50%
☪️Islamic account (swap-free)Yes,
available upon request
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,250+
🗠CFD Stock IndicesMajor global indices
(e.g., US 30, FTSE 100, DAX 30)
⚖️CFD CommoditiesPrecious metals (gold, silver),
Energy
(oil, gas),
Agricultural
(wheat, corn)
📜CFD SharesThousands of shares from various global exchanges (US, Europe, Asia)
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
bank transfers,
electronic wallets.
💵Withdrawal OptionsMust be sent via the same payment method used for deposit
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading)
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile
(Android, iOS)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addressOnline email on website
📞Customer Support Contact Number+447520644093
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on WebsiteOver 14 languages, including English, Spanish,
French,
German,
Italian,
Arabic,
Russian,
Portuguese
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners70 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

AvaTrade Online Forex

 

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 offers a comprehensive range of asset classes, including forex, commodities, stocks, and cryptocurrencies. The broker provides competitive spreads starting from 0.9 pips and has a strong regulatory standing.

 

2. HFM

HFM Review

 

HFM is an appropriately regulated internet forex trading company, and this is recognized by some bodies such as FSCA and FCA. It offers numerous trading instruments, such as forex, indices, or cryptocurrencies, and it functions on famous platforms such as Meta Trader 4 (MT4) and Meta Trader 5 (MT5).

 

Min Deposit

USD 0 / ZAR 0

Regulators

FSCA, DFSA, FSC, CMA. FCA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

No Trading Fees

Account Activation

24 Hours

 

Every type of trader can access HFM since it requires a starting deposit of only $5 and allows up to 1:1000 leverage. This South African broker has become increasingly popular because it offers several zero-pip accounts, robust training resources, and efficient customer service.

 

Featured

Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff500+
👩‍💻Amount of active traders300,500 000 mil
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSCA,
DFSA,
FSC,
CMA.
FCA
🌎Country of regulationUK,
South Africa,
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPremium Account,
Zero Spread Account,
Pro Account,
HFcopy Account
💳Institutional AccountsYes
👨‍💼Managed AccountsNot offered
📇Minor account currenciesAUD,
GBP,
USD,
EUR,
CAD,
CHF,
JPY,
SGD,
HUF,
PLN,
NZD,
ZAR
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree up to a certain amount
📊Spreads from0.1 pips
💸CommissionsNo
💱Number of base currencies supportedOver 50
🚀Swap FeesOvernight financing fees apply
📈Leverage1:30
📏Margin requirements0.50%
☪️Islamic account (swap-free)Yes, available upon request
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 500+
🗠CFD Stock IndicesYes,
HFM offers CFDs on major global stock indices,
including US30 (Dow Jones),
UK100 (FTSE), and many more.
⚖️CFD CommoditiesYes,
HFM provides CFDs on a variety of commodities, including Gold,
Oil,
and others.
📜CFD SharesYes,
HFM allows trading CFDs on a selection of popular company shares,
such as Amazon and Meta.
However, the total number of individual stock CFDs may be limited compared to specialized stock brokers.
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
bank transfers,
electronic wallets.
💵Withdrawal OptionsMust be sent via the same payment method used for deposit
Trading Platforms and Tools
💻Trading PlatformsHFM Platform, MT4
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile (Android, iOS)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport.za@hfm.com
📞Customer Support Contact Number+27-104 439 924
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website27 languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes,
HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support.
👨‍🏫Amount of partners41 000
📋IB ProgramYes,
HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients.
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
South African Trader Specific Information
Does HFM Accept South African Traders?Yes,
HFM accepts South African traders.
Is HFM regulated by the South African regulatory body (FSCA)?Yes,
HFM is regulated by the South African regulatory body,
the Financial Sector Conduct Authority (FSCA).
Does HFM offer an Affiliate Program for South African Traders?Yes,
HFM offers an Affiliate Program that is likely available to South African traders.
Does HFM allow opening trading accounts in ZAR (South African Rand)?Yes, HFM allows opening trading accounts in ZAR (South African Rand).
👉Open AccountOpen Account

 

HFM

 

Pros and Cons

✅ Pros❌ Cons
No fees for deposits or withdrawalsCommissions high on Zero account
Spreads are low on EURUSD and average on other pairsLimited range of instruments
The low deposit requirement for new traders with Micro accountsAccount opening is not the easiest

 

Our Findings

HFM stands out for its wide range of trading instruments, including forex, commodities, indices, and competitive spreads starting from 0.1 pips. It is well-regulated by multiple authorities, such as CySEC and the FCA.

 

3. Exness

Review Exness

 

The online forex broker Exness has gained considerable recognition. The FSCA, FCA, and CySEC regulate it. Exness is distinct because it offers up to 1:2000 leverage, the highest of any forex broker, with meager trading costs and an instant account withdrawal process.

 

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

 

In addition, Exness supports multiple trading instruments, such as forex pairs, precious metals, and cryptos, through famous platforms like MetaTrader 4 (MT4) and Metatrader 5 (MT5). Whatever your level of trading, Exness offers a minimum investment of only $10, excellent customer service, and an extensive range of educational material.

 

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

 

Exness

 

Pros and Cons

✅ Pros❌ Cons
Tight spreads on major currency pairsLimited range of trading instruments compared to some brokers
Multiple account types to suit different tradersRestricted availability of some features in certain regions
Fast and reliable order executionLimited educational resources for beginners

 

Our Findings

Exness offers a well-rounded trading experience with ultra-low spreads starting from 0.0 pips and a broad selection of assets, including forex, cryptocurrencies, and metals. Regulated by top authorities like the FCA and CySEC

 

4. FXTM

FXTM Review South Africa

 

FXTM (ForexTime) is an online forex broker known worldwide and supervised by FSCA, FCA, and CySEC. This broker has been praised for offering many kinds of accounts to choose from, allowing for a low minimum deposit of $10, and providing fierce competition in leverage that goes as high as 1:1000.

 

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

 

FXTM is a brokerage that offers the well-known trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) to trade forex, commodities, and indices.

In addition, FXTM has gained recognition for its wide range of educational materials, which makes it suitable for novices. It also provides sophisticated instruments and tight spreads for expert traders.

 

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

 

Pros and Cons

✅ Pros❌ Cons
Great customer ServiceLimited range of trading instruments compared to some brokers
Strong Educational tools for the beginner traderRestricted availability of some features in certain regions
Fast account openingLimited educational resources for beginners

 

Our Findings

FXTM delivers a solid trading experience with tight spreads starting from 0.1 pips and diverse trading options across forex, commodities, and CFDs. It is regulated by major entities like CySEC and the FCA, ensuring reliable security.

 

5. XM

XM Review

 

XM is among the most established foreign exchange dealers, connecting with industry veterans through its broad line of instruments and conditions.

This dealer offers beginners and professional investors numerous currency pairs, commodities, indexes, and cryptocurrencies.

 

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

 

It supports different types of trading platforms, including Meta Trader 4 and 5. It is renowned for its simple interface, facilitating trading, and fast customer care service.

XM’s commitment to low spreads and no hidden fees enhances its appeal to traders seeking transparency and cost-efficiency in their trading endeavors.

 

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

 

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 offers a comprehensive trading environment with low spreads starting from 0.6 pips and access to over 1,000 instruments, including forex, stocks, and commodities. Regulated by multiple authorities, such as CySEC and ASIC

 

6. Vantage

Vantage FX Review

 

Vantage is a restricted online forex broker overseen by FSCA, ASIC, and CIMA authorities. It offers different trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and ProTrader, making it appropriate for inexperienced and experienced traders.

 

Min Deposit

USD 200

Regulators

CIMA, SIBL, ASIC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

38

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Vantage offers over 940 instruments to trade, including forex, commodities, stock indices, and cryptocurrencies, with a raw spread of 0 pips.

Known for its competitive pricing scheme for traders, low minimum deposit of just $50, and high leverage options that can go as much as 1 to 500 are among the most remarkable features of this broker. Moreover, Vantage has educational tools and sophisticated trading mechanisms that enable traders to diversify their trading experience.

 

Featured

Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff200+
👩‍💻Amount of active traders100,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
FCA,
VFSC,
CIMA
🌎Country of regulationAustralia,
UK,
Vanuatu,
Cayman Islands
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesFSCS (UK clients)
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsYes (PAMM accounts)
📇Minor account currenciesUSD,
GBP,
EUR,
AUD,
JPY
💰Minimum Deposit$200 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.0 pips
💸CommissionsFrom $3 per lot
💱Number of base currencies supported9
🚀Swap FeesApplicable
📈LeverageUp to 1:500
📏Margin requirementsVaries based on asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,000+
🗠CFD Stock Indices15+
⚖️CFD Commodities15+
📜CFD Shares100+
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,
ProTrader,
WebTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsEconomic calendar,
VPS,
trading signals
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@vantagemarkets.com
📞Customer Support Contact Number+44 208 036 3883
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website10+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners1,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

Vantage

 

Pros and Cons

✅ Pros❌ Cons
Low spreads on major forex pairsLimited range of account types
Offers both MetaTrader 4 and MetaTrader 5Customer support may be slow during peak hours
High leverage options availableLimited educational resources for new traders

 

Our Findings

Vantage provides a competitive trading environment with tight spreads starting from 0.0 pips and offers access to a wide range of markets, including forex, commodities, and indices. It is regulated by ASIC and the FCA, ensuring strong client protection.

 

7. FxPro

FXPro Review

 

FXPro is a well-acclaimed online forex broker known for its full range of trading services and advanced platforms. By concentrating on offering competitive spreads and a broad assortment of financial instruments such as forex, stocks, indices, and commodities, FXPro serves both retail and institutional traders.

 

Min Deposit

USD 100

Regulators

FCA, CySEC, FSCA, SCB

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

70

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The broker guarantees a versatile trading experience by providing access to widely used platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Moreover, FXPro is known for its robust regulatory framework, which enhances trading security and transparency.

 

Featured

Company Information
Company NameFxPro
🏢 Company InformationFxPro Group Limited
📅 Year Founded 2006
👩‍💼👨‍💼 Current CEOCharalambos Psimolophitis
👩‍💼👨‍💼 Founder/sDenis Sukhotin
👥 Amount of staffOver 200 employees
👨‍💻 Amount of active tradersOver 1.8 million
📈 Publicly Traded (Listed Company)No
🇬🇧 Regulation and SecurityStrong regulatory oversight
🇬🇧 RegulationFCA, CySEC, FSCA
🇬🇧 Country of regulationUK, Cyprus, South Africa
💼 Account SegregationYes, funds are segregated
🚫 Negative balance protectionYes
🔐 Two-step AuthenticationAvailable
🛡️ Investor Protection SchemesYes, under regulatory authorities
📋 Account Types and FeaturesStandard, MT4, MT5, and cTrader accounts
🏦 Institutional AccountsYes
📊 Managed AccountsNo
💱 Minor account currenciesUSD, EUR, GBP, ZAR
💰 Minimum Deposit$100 / 1700 ZAR
📊 Trading ConditionsCompetitive spreads, fast execution
⏳ Average deposit/withdrawal processing time1-2 business days
💵 Fund Withdrawal FeeNo fees on most methods
📉 Spreads from0.0 pips
💸 CommissionsOn cTrader accounts (from $4.5)
🌍 Number of base currencies supported7
📈 Swap FeesYes, applicable on overnight trades
📈 LeverageUp to 1:500
📊 Margin requirements2%
🌙 Islamic account (swap-free)Yes
🎓 Demo AccountYes, unlimited
⏱️ Order Execution Time< 11ms
☁️ VPS HostingAvailable for high-frequency traders
🌍 Global OfficesUK, Cyprus, Bahamas, Dubai
👆 One-Click TradingYes
🤖 Expert AdvisorsSupported on MT4/MT5
📊 Trading InstrumentsForex, Stocks, Indices, Metals, Energy
📊 CFDs-Total OfferedOver 2000 instruments
📈 CFD Stock IndicesYes, major global indices
🛢️ CFD CommoditiesYes, energy and metals
📉 CFD SharesYes, large selection
👀 Watch listCustomizable
🔔 Trade AlertsYes
📈 Trading Stocks with GPYes
📊 Trading Indices with GPYes
🛠️ Swap on trading boardYes
💳 Deposits and WithdrawalsCredit/Debit cards, Bank Wire, PayPal, Skrill, Neteller
💳 Deposit OptionsMultiple methods supported
💸 Withdrawal OptionsSame as deposit methods
🎁 Welcome BonusNo
💻 Trading Platforms and ToolsMT4, MT5, cTrader, FxPro Edge
🚦 Stop-loss InstrumentYes
🛡️ Investor Protection SchemesYes, under regulatory bodies
🖥️ OS CompatibilityWindows, macOS, iOS, Android
🔧 Forex trading toolsYes, extensive
💬 Customer Support24/5 support available
💬 Live chat availabilityYes, 24/5
📧 Customer Support Email addresssupport@fxpro.com
📞 Customer Support Contact Number+44 (0) 203 151 5550
🌐 Languages supported on FxPro Website18 languages
📚 Educational Resources and SupportWebinars, articles, video tutorials
👍 Beginners Trader friendly UXYes
📚 Forex courseYes, basic to advanced
🖥️ WebinarsYes
📖 Educational ResourcesYes, rich library
🤝 Partnerships and ProgramsYes
🤝 Affiliate program?Yes
🤝 Amount of partners10,000+
📈 IB ProgramYes
⚽ Do they sponsor any notable events or teams?Yes, McLaren F1 team
💰 Rebate programYes, for IBs
🗨️ Community ForumNo
📱 Social Media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🌐 Official Website addressFxPro
📘 Official Facebook PageFxPro
🐦 Official Twitter PageFxPro
📺 Official YouTube ChannelFxPro
🔗 Official Linkedin PageFxPro
📸 Official Instagram PageFxProGlobal
🇿🇦 Regulatory Status in South AfricaFSCA regulated
🇿🇦 Accept South Africa Traders?Yes
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)?Yes
🤝 Does FxPro offer an Affiliate Program for South African Traders?Yes
💱 Does FxPro allow accounts to be opened in ZAR / Rands?Yes
🚀 Open AccountOpen Account

 

FxPro

 

Pros and Cons

✅ Pros❌ Cons
Great customer serviceTemperamental website
Quick transactionsMinimum transaction size
Access to multiple trading platforms

 

Our Findings

FxPro offers a well-rounded trading experience with competitive spreads from 0.3 pips and access to various instruments, including forex, shares, and commodities. Major authorities like the FCA and CySEC regulate.

 

8. Pepperstone

Pepperstone Review South Africa

 

Pepperstone is renowned and recognized for being one of the best forex brokers in the world, offering low spreads and fast order execution. Anyone can trade in this platform since it provides diverse options, from currency pairs to indices, commodities, and even cryptocurrencies.

 

Min Deposit

USD 0

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Platform

MT4, MT5, cTrader, TradingView

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pepperstone allows for several different trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. All of these platforms have advanced charting tools and customizable features that make them highly sought after by traders.

Additionally, this broker’s responsive customer support and competitively priced services have led to its popularity among traders who desire effective and affordable trading solutions.

 

Featured

🔎BrokerPepperstone
Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff300+
👩‍💻Amount of active traders300,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
BaFin,
CMA,
CySEC,
DFSA,
FCA,
SCB
🌎Country of regulationAustralia,
UK,
Dubai,
Bahamas,
Kenya
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesFSCS
(UK clients)
Account Types and Features
💳Institutional AccountsNo
👨‍💼Managed AccountsYes (MAM/PAMM)
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, CHF
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo fees
📊Spreads from0.0 pips
💸CommissionsFrom $3.50 per lot (Razor Account)
💱Number of base currencies supported10+
🚀Swap FeesApplicable (except Islamic accounts)
📈LeverageUp to 1:500
📏Margin requirementsVaries by asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time30ms
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,200+
🗠CFD Stock Indices15+
⚖️CFD Commodities25+
📜CFD Shares900+
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,
cTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsSmart Trader Tools, Autochartist,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@pepperstone.com
📞Customer Support Contact Number+44 203 097 8755
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website10+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
videos,
webinars,
tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners1,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

Pepperstone

 

Pros and Cons

✅ Pros❌ Cons
Free withdrawals and depositsLimited product portfolio of CFD, Forex an Crypto
Great customer serviceNo Research or technical analysis data
Low minimum deposit

 

Our Findings

Pepperstone stands out for its ultra-low spreads starting from 0.0 pips and advanced trading platforms like MetaTrader 4 and 5. Regulated by top authorities such as ASIC and FCA

 

9. IC Markets

IC Markets Review

 

IC Markets is one of the most recognizable foreign exchange (forex) brokers, with low spreads and abundant liquidity available online. This platform allows users to trade everything from forex to commodities, indices, and cryptocurrencies, appealing to both retail and larger investors alike.

 

Min Deposit

USD 200

Regulators

ASIC, CySEC, FSA, SCB

Trading Platform

MT4, MT5, WebTrader

Crypto

Yes

Total Pairs

61

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Many traders approving of this broker attribute their unprivileged situation to favorable pricing and a great environment for efficient trading. This allows users to view real-time changing charts and make immediate orders when necessary.

 

Featured

🔎BrokerIC Markets
Company Information
📅Year Founded2007
👨‍💼 Current CEOAndrew Budzinski
🏗️ Founder/sAndrew Budzinski
🧑🏻‍💻Amount of staff852
👩‍💻Amount of active traders180,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCySEC,
ASIC,
SCB,
FSA
🌎Country of regulationAustralia, Cyprus, Seychelles
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
🔐 Two-step AuthenticationYes
Account Types and Features
➕AccountscTrader,
Raw Spread,
standard
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesAUD,
USD,
JPY,
EUR,
NZD,
SGD,
GBP,
CAD,
HKD,
CHF,
RMB,
💰Minimum Deposit$200 USD
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant for deposits, 1-2 business days for withdrawals
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads fromFrom 0.0 pips
💸Commissions$3 per lot per side
💱Number of base currencies supported10+
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:500
📏Margin requirements100 USD traded, 1 USD margin
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offeredover +2200
🗠CFD Stock Indices25+
⚖️CFD Commodities22+
s
📜CFD Shares1,600+
👀 Watch listYes
📢 Trade AlertsNo
📉 Trading Stocks with GPYes
📊 Trading Indices with GPYes
💱 Swap on the trading boardYes
Deposits and Withdrawals
💳Deposit OptionsCredit Card,
Debit Card,
PayPal,
Skrill,
Neteller,
UnionPay,
Wire Transfer,
Bpay,
FasaPay,
Poli
💵Withdrawal OptionsCredit Card,
Debit Card,
PayPal,
Skrill,
Neteller,
UnionPay,
Wire Transfer,
Bpay,
FasaPay,
Poli
🎁 Welcome BonusNo
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
👩‍💻OS CompatibilityWindows,
Mac (via emulation), Android,
iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@icmarkets.com (General)
📞Customer Support Contact NumberThailand: +661800011956
Indonesia: +6280332160329
Colombia: +5718005190364
Vietnam: +8412032513
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website15 +
Educational Resources and Support
🎓 Beginners Trader friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes, articles, videos, and tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 2 500+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, the Qatar Economic Forum 2025
🪙Rebate programYes
💬 Community ForumNo
South African Trader Specific Information
🌐 Official Website addresswww.icmarkets.com
👍 Official Facebook PageYes
🐦 Official Twitter PageYes
▶️ Official Youtube ChannelYes
🏢 Official Linkedin PageYes
📸 Official Instagram PageYes
🌍 South African Specific Information
Does IC Markets Accept South African Traders?Yes
Is IC Markets regulated by the South African regulatory body (FSCA)?No
Does IC Markets offer an Affiliate Program for South African Traders?Yes
Does IC Markets allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

IC Markets

 

Pros and Cons

✅ Pros❌ Cons
Low Forex feesNo negative balance protection
Great Customer ServiceOnly Forex, crypto, and CFD trading

 

Our Findings

IC Markets excels with some of the lowest spreads in the industry, starting from 0.0 pips. The broker provides access to a wide range of trading instruments, including forex, commodities, and indices. It is well-regulated by ASIC, CySEC, and SCB.

 

10. FP Markets

FPMarkets Review

 

FP Markets is a well-established online forex broker famous for its all-inclusive trading products and competitive conditions. The broker provides access to different types of financial instruments, such as forex, commodities, indices, and shares.

 

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

 

FP Markets is known for having low spreads and rapid execution times through platforms such as MetaTrader 4, MetaTrader 5, and IRESS. Aiming at both inexperienced and professional traders who desire an effective trading experience, FP Markets guarantees transparency while ensuring clients have the best support possible.

 

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
🌎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 USD
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
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/5
📱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
South African Trader Specific Information
Does FP Markets Accept South African Traders?Yes
Is FP Markets regulated by the South African regulatory body (FSCA)?Yes
Does FP Markets offer an Affiliate Program for South African Traders?Yes
Does FP Markets allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

fpmarkets

 

Pros and Cons

✅ Pros❌ Cons
Great Educational toolsLimited portfolio
Great Customer ServiceWeb Platform needs to be updated a bit
Large Product offeringHigh fee for international bank withdrawal

 

Our Findings

FP Markets offers a strong trading environment with competitive spreads starting from 0.0 pips and a broad selection of instruments, including forex, commodities, and indices. The broker is well-regulated by ASIC and the CySEC.

 

Frequently Asked Questions

 

Which online broker is the best for beginners?

See the comprehensive list of 27 best online brokers of SAShares on our website, which provides information that can guide you as a beginner.

 

What is an online broker?

In short – an intermediary between the buyer and seller of financial instrument(s).

 

Are online brokers considered safe?

Generally, it is safe to trade forex online, and online brokers do everything possible to minimize threats. You should also implement your security
measures.

 

How do online brokers work?

By buying and selling stocks through an exchange, they charge a commission. They
can be found on the trading floor, by making trades electronically, or by phone.

 

Is online trading legit?

Yes.

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

September 8, 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.

Accordion Content