Overall, Compass FX can be summarized as a trustworthy broker that offers trading with Forex.com, FXCM, Direct FX, FXDD Global, and Tier1FX. The minimum deposit amount is $500 USD / R8000 ZAR and leverage ranges from 1:50 to 1:200. Compass FX provides quality education material through Institutional Trade Programs.
CompassFX at a Glance
| Broker's Name | Compass FX |
| 🏛️ Headquartered | Richardson, Texas |
| 👋 National Futures Association, NFA | registration number 0232832 |
| 🏦 Accounts | Standard account, Micro account |
| 📅 Year Founded | 1990 |
| ⚖️ Regulating Authorities | National Futures Association (NFA), Australian Securities and Investment Commission (ASIC) |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 💹 Sign up Bonus | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | Up to 200:1 leverage through FX Solutions Australia, Gain Capital U.K. and FXDD. |
| 💰 Minimum Deposit | $500 USD / R8000 ZAR |
| 💳 Deposit Options | Bank wire transfer, credit cards |
| 💳 Withdrawal Options | According to introduced brokers |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Web, Desktop, Mobile |
| 📈 Tradable assets offered | Forex, CFDs and gold and silver |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | Not indicated |
| 📆 Customer Service Language | English |
| 📆 Customer Service Hours | 24/7 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
USD 500
Regulators
NFA, ASIC
Trading Platform
MT4, NinjaTrader, Tradingview
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CompassFX Review – 20 key points quick overview:
- ☑️CompassFX at a Glance
- ☑️Compass FX Overview
- ☑️Compass FX Safety and Security
- Compass FX Sign Up Bonus
- Compass FX Minimum Deposit
- Compass FX Demo Account
- How to Open a Compass FX Demo Account – Step by Step Guide
- Compass FX Account
- Compass FX Market Instruments
- Compass FX Fees, Spreads, and Commissions
- Compass FX Leverage
- Compass FX Deposit and Withdrawal
- Compass FX Trading Platforms
- Compass FX Best Countries by Traders
- Compass FX vs Exness vs XM – a Comparison
- Compass FX Customer Reviews
- Compass FX Pros and Cons
- Compass FX Conclusion
- Compass FX Disclaimer
- Frequently Asked Questions
Compass FX Overview
According to research in South Africa, Compass FX is an independent representative of brokerage companies, headquartered in Richardson, Texas.
Since its foundation in 1990 Compass FX prides itself on unbiased research, unrivaled customer service, and the fact that it offers virtually every way possible to navigate the world of commodities and forex trading.
Compass FX acts mainly as an introducing broker for other forex brokers and is regulated by the National Futures Association (NFA – 0232832).
Compass FX (RTY Trading Group, Compass Inc) serves as an intermediary between the US traders and clearing houses, and Compass Foreign Exchange, LLC, a non-registered member, serves as an intermediary between traders and clearing houses outside the United States.
Compass FX sees as its primary mission the creation of smarter and more successful investors, believing that a better-informed individual has a greater probability of success in the markets.
Compass FX is formed of foreign exchange traders that understand other forex traders well and offer forex trading services with confidence and pride via the popular MetaTrader4 trading platform.
Compass FX places great importance on having the suitable resources and tools to enable trading, both for the novice and the expert.
Compass FX Safety and Security
One of the best benchmarks to measure the safety of a broker like Compass FX, is to establish which regulating authorities are watchdogs over its actions.
Compass FX is regulated by the National Futures Association, NFA registration number 0232832. Since it has a long operational history dating back to 1990, it is an experienced forex trading company that also only makes use of top-tier liquidity providers.
Compass FX is also regulated and authorized by the Australian Securities and Investment Commission (ASIC)
Compass FX offers good and reliable multiple trading tools, gives traders the opportunity to access ample market research and commentary, and is ready to provide exceptional customer support whenever any client may need it.
Compass FX Sign Up Bonus
Compass FX does not, at this time, offer a Sign-Up bonus or welcome bonus but does offer training programs in the forms of “Sharp Edge Institutional Trade Program”, “Reading the Tape Trade Series” & “Order Flow and Equity Program”
| 🔎 Broker | 🥇 Compass FX |
| 🎉 Sign Up Bonus | ❌ No |
| 🤝 Training Programs | ✔️ Yes |
| 🤝 Affiliate Program | ❌ No |
Compass FX Minimum Deposit
The minimum deposit amount required to register a Compass FX trading account is $500 USD. This minimum deposit is equivalent to R8000 ZAR at the current exchange rate between the South African Rand & United States Dollar at the time of writing.
| 🔎 Account | 🥇 Compass FX Standard Account |
| 💰 Minimum Deposit | $500 USD |
| 💷 South African Rand (ZAR) | R8000 ZAR |
| 🚀 Open an Account | 👉 Click Here |
Compass FX Demo Account
Compass FX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment by selecting one of the firms for the demo, FXCM, Forex.com, and OANDA. The CornerTrader Demo account expires after 60 days.
| 🔎 Broker | 🥇 Compass FX |
| ☑️ Account | 🆓 Demo |
| 💳 Firms selection | FXCM Forex.com OANDA Direct FX FXDD Malta Tier 1 FX |
| 💰 Min. Deposit | None |
| 💻 Trading | Simulated |
| 💵 Currency | Virtual |
10 Best Forex Brokers in South Africa for 2025
Rank
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Review
Regulators
Min Deposit
Official Site
Compass FX Account
A Forex account at Compass FX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
In the case of Compass FX, they offer a Standard Account.
Compass FX does not have Islamic Trading Accounts but provides trading demo accounts through the forex brokers they introduce for.
| 🔎 Account | 🥇 Standard |
| 💰 Minimum Deposit | $500 USD |
| 💷 South African Rand (ZAR) | R8000 ZAR |
| 💻 Multiple Trading Platforms | MT4 |
| 🖥️ Tech Support | Yes |
| 🤝 Trading Support | Yes |
| 💼 Investment Platforms | 📌 Yes |
| ✅ Product Training | 📌 No |
| 🚀 Open an Account | 👉 Click Here |
How to open a Compass FX account
1. Step 1: Obtain approval via “KYC”
Similar to a bank, if you want to register a forex trading account with Compass FX for the first time, you will be required to go through a basic “know your customer” process.
2. Step 2: Registration completion
After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.
Compass FX Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading, currency trading, or FX trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Along with currency exchange markets, commodity markets offer many investment opportunities for traders.
Soft commodities have been traded for centuries and investors’ preference for these financial derivatives is credited to their major role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.
Indices
Equity indices, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market, or they can represent a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Apart from forex trading, long-term investing in gold and other precious metals is worldwide a popular way of portfolio risk management during times of inflation or economic or political uncertainty.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth. Such conditions can decrease or increase demand for consumer services related to these energies.
Since Compass FX has been in the trading industry for many years, they are known for offering trading with Forex.com, FXCM, DirectFX, FXDD Global, and Tier1FX.
The D.O.T.S. (Daily Open Trading System) Method is an intraday price-based trading model that displays market entries, exits, and target levels at the opening of each trading session. The D.O.T.S. The method can help traders know where to get in and out of the market.
Compass FX Fees, Spreads, and Commissions
Due to its global presence Compass FX may offer various account types across various firms that may differ according to the regulated entity to which it complies, therefore clients may experience different fee structures too, according to their country or place of residence.
Cost depends on different factors, like spread and margins.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
| 🔎 Broker | 🥇 Compass FX |
| 💰 Minimum Deposit | $500 USD |
| 💰 South African Rand | R8000 ZAR |
| 🔁 Conversion Fee | ☑️ No |
| 📊 Spreads from | Various over firms |
| 🛑 Inactivity Fee | ☑️ No |
Compass FX Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
The leverage offered by Compass FX ranges from 1:50 to 1:200. Moreover, micro-lots and IRA accounts are available.
With Compass FX spreads on EUR/USD and USD/JPY are from 2 to 3 points, while on other currency pairs spreads vary from 3 to 4 points. The company provides fast order execution. Added to this, hedging is allowed.
| 🔎 Broker | 🥇 Compass FX |
| ⏳ Leverage | Ranges from 1:50 to 1:200 |
| 💰 Minimum Deposit | $500 USD |
| 💰 South African Rand | R8000 ZAR |
Compass FX Deposit and Withdrawal
Compass FX deposits and withdrawals are made through the currency brokers they introduce for. A minimum account opening deposit of $250 dollars is required for the Micro Account and for the Standard Account a minimum of $2,500 is required.
The funding of an account can be done with the use of a Wire Transfer or a credit card.
Compass FX Trading Platforms
A forex trading platform is in essence the software provided by Compass FX to its clients to carry out their trades.
A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.
The decision about which platform to choose will always depend on what a client would like to trade.
Compass FX provides MetaTrader4 for trading. It is one of the most popular platforms, due to the fact that it is very innovative and powerful.
MT4 features a user-friendly multi-functional interface that enables traders to control their deals just as easy on mobile devices.
MetaTrader4 has many distinct advantages that can satisfy the needs of the most demanding users trading in the Forex, CFD, and Futures markets.
It combines a user-friendly and accessible interface with a wide range of powerful functions, making it highly flexible and enabling you to efficiently manage trades.
The platform allows:
- Expert Advisors, which is automated programs designed to analyze the market, make decisions based on programmed criteria, execute orders and manage open positions automatically online.
- Custom Indicators, which are technical indicators that can analyze market conditions in many ways, while some custom indicators generate signals to notify of potential trading conditions.
- Scripts are designed for a single execution of specific actions.
Compass FX Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥈 Germany | 35.70% |
| 🥈 USA | 14.26% |
| 🥉 Australia | 12.75% |
| 🥉 Thailand | 5.82% |
| 🥉 India | 4.53% |
| 🥉 Others | 26.95% |
Compass FX vs Exness vs XM – a Comparison
| 🔎 Broker | 🥇 Compass FX | 🥈 Exness | 🥉 XM |
| Established | Established in 1990 | Established in 2008 | Established in 2009 |
| 💵 Min. Deposit | $500 USD / R 8000 ZAR | $1 USD / R16 USD | $5 USD / R80 ZAR |
| 💳 Inactivity Fee | No | Yes | Yes |
| ☪️ Islamic Account | 📌 No | Yes | Yes |
| 🎉 Demo Account | Yes | Yes | Yes |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Compass FX Customer Reviews
Good Profit…
I have earned some good profits since I joined Compass Fx. At the moment, my fund grows up to $1050, and I have already made some withdrawals several times. I normally trade on EUR/USD or USD/CAD as it has become my favorite currency pair as well. The platform system is working smoothly, and I also used MT4. The platforms Mt 4 and Mt 5 are working fast and without the broker manipulating the prices. Spreads are tight and the customer staff is very polite.
Great broker…
My friend introduced Compass FX to me. Since he said that he has an amazing experience with this broker, I did not hesitate anymore and started my own account. Indeed, this broker is incredible. The trading platform is easy to use and it runs smoothly. The fees are competitive and the support team is responsive.
Compass FX Pros and Cons
| ✔️Pros | ❌ Cons |
| Informative website | High spreads |
| Platform in 12 languages for global reach | No information about payment methods |
| Amazing liquidity | No Islamic Account options |
| Popular Internet trading software | No real choice of account types available |
| 2-3 pip spreads on EUR/USD and USD/JPY | |
| 3-4 pip spreads on other major currencies | |
| Fast and reliable trade execution | |
| Trailing stops and hedging capability | |
| Demo accounts can be opened | |
| Excellent customer service | |
| Platform available in 12 languages | |
| Trailing stops and hedging capability | |
Min Deposit
USD 500
Regulators
NFA, ASIC
Trading Platform
MT4, NinjaTrader, Tradingview
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Compass FX Conclusion
Overall, Compass FX can be summarized as a reliable broker that provides trading with Forex.com, FXCM, Direct FX, FXDD Global, and Tier1FX. The minimum deposit amount is $500 USD / R8000 ZAR and leverage ranges from 1:50 to 1:200. Compass FX provides quality education through Institutional Trade Programs.
Compass FX can be summarily described as a worthwhile company for potential traders, as it is regulated and authorized by the NFA, and provides an advanced platform and services in a simple structure that is accessible to novice traders and professional traders.
Compass FX is also regulated and authorized by the Australian Securities and Investment Commission (ASIC) and apart from the extra security, Compass FX is a company that prides itself in knowing what traders want in the world of Foreign Exchange.
Compass FX Disclaimer
Compass FX warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
Before deciding to trade the products offered by Compass FX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
Compass FX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.
Therefore Compass FX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
You might also like: Compass FX Account Types Overview
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Frequently Asked Questions
Is Compass FX a legit broker?
Compass FX is highly regulated by the NFA (the United States of America, registration number 0232832 and ASIC (Australia) and therefore considered legit.
Which trading platforms are supported by Compass FX?
Compass FX makes use of the following trading platforms: NinjaTrader; Tradingview & MetaTrader4
What are the advantages of trading with Compass FX?
Compass FX provides 2-3 pip spreads on EUR/USD and USD/JPY, with a platform in 12 languages for global reach & popular internet trading software
For which type of trader is Compass FX best suited?
Compass FX is best suited for beginner and professional traders as they provide education as well as trading opportunities to trade with various firms
Does Compass FX manipulate the market?
Compass FX does not manipulate the market but does provide training programs for new traders
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