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

6 Best CySEC Forex Brokers

CySEC Banner

 

The 6 Best CySEC Regulated Forex Brokers revealed. We have rated and reviewed the Best Forex Brokers regulated by the Cyprus Securities and Exchange Commission.

 

This is a complete listing of The 6 Best CySEC Regulated Forex BrokersIn this in-depth write-up, you will learn:

  • Who is the Best CySEC Regulated Forex Broker in South Africa
  • Pros and Cons of a CySEC Regulated Forex Broker.
  • The Cyprus Securities and Exchange Commission – A Definition.
  • A List of Brokers with a Cyprus Forex License
  • Overview of the Top 6 Cyprus Brokerage Firms
  • CySEC – A Review

 

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

 

Best CySEC Forex Brokers in 2025 – A Comparison

🔎 Broker🚀 Open an Account💰 Minimum Deposit✒️ CySEC Regulated
🥇 HF Markets👉 Open Account
USD 0 / ZAR 0Yes
🥈 FXPro👉 Open Account
USD 100 / ZAR 1806Yes
🥉 AvaTrade👉 Open AccountUSD 100 / ZAR 1806Yes
📌 Exness👉 Open AccountUSD 10 / ZAR 179Yes
📌 Pepperstone👉 Open Account
USD 0 / ZAR 0Yes
🏅 IC Markets👉 Open AccountUSD 200 / ZAR 3540Yes

 

The Cyprus Securities and Exchange Commission (CySEC) – A Definition

The Cyprus Securities and Exchange Commission (CySEC) is Cyprus’s financial regulatory agency.

CySEC is the financial regulator of Cyprus, overseeing the investment services market and ensuring compliance with financial regulations to maintain the integrity of the securities markets.

 

6 Best CySEC Forex Brokers (2025)

  1. ☑️HF Markets – Overall, Best CySEC Regulated Forex Broker
  2. ☑️FXPro – Best CySEC Regulated Broker for Beginners
  3. ☑️AvaTrade – Top Choice for Low Spreads
  4. ☑️Exness – Popular CySEC Broker Choice for Professional Traders
  5. ☑️Pepperstone – Excellent Online Trading Experience
  6. ☑️IC Markets – Low Spread CySEC Forex Broker

 

1. HF Markets

HFM Review

 

HFM is a forex broker that is CySEC-regulated and boasts a solid working base in South Africa.

It offers the clients several account types with no minimum deposit requirement making it suitable for traders at any level.

 

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

 

HFM has built its reputation on its low spreads and strong trading platforms (MT4 and MT5) with a wide range of products including forex, commodities, indices, and crypto suitable for both novice and expert traders.

 

Overview

🔎BrokerHFM
Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff500+
👩‍💻Amount of active traders300,500 000 mil
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSCA,
CySEC,
FCA,
DFSA,
FSA,
CMA
🌎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 / 0 ZAR
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
👉Open Account👉Open Account

 

HFM Regulation

 

HF Markets Regulation

HF Markets is well-regulated by multiple leading global entities, including:

 

Pros and Cons

✅ Pros❌ Cons
Wide range of markets: Foreign Exchange, Stocks, Cryptocurencies, Gold, Silver, Copper, Government Securities, Mutual Funds, Exchange Traded Funds.Offshore entities: Some regulations are in less secure offshore zones
Negative balance protection: But can’t lose more than its deposit.No U.S. clients: Not available to U.S. traders
Multiple platforms: MetaTrader 4, MetaTrader 5, WebTrader, Mobile.Basic research tools: Limited advanced analysis features
High leverage: Up to 1:2000Fees applicable when the account has been unused
Fast execution: Quick trades with low delaysBonus restrictions: Bonuses vary by region
Strong regulation: FCA, FSCA, CySEC, DFSA, FSATransparency on fees: Some fees are less clear, depending on account and region

 

Our Findings

Known for its competitive spreads and robust trading platforms (MT4 and MT5), HFM provides an array of instruments, including forex, commodities, indices, and cryptocurrencies, catering to both beginner and advanced traders.

 

2. FxPro

FXPro Review

 

FxPro is a reputable forex broker widely known within the CySEC regulatory framework and provides South African traders with a safe trading environment with additional regulation from several other bodies, including the FSCA.

 

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

 

Famously known for its No Dealing Desk (NDD) execution, the broker FxPro offers competitive trading conditions with the average spreads of major pairs being 0.3 pips while using a cTrader account and a friendly commission structure applicable for low-cost trading.

 

Overview

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

FxPro Regulation

FxPro is well-regulated by multiple leading global entities, including:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Sector Conduct Authority (FSCA)
  • Securities Commission of The Bahamas (SCB)

 

Pro and Cons

✅ Pros❌ Cons
Competitive SpreadsDoes not offer its services in all countries due to legal jurisdictions
Fast ExecutionSome users have reported mixed experiences with customer support, with occasional delays in responses or difficulties in resolving issues.
Variety of InstrumentsFxPro imposes withdrawal fees for certain payment methods, which can reduce the overall profitability of trading.
Robust Trading PlatformsLimited Research Tools

 

Our Findings

FxPro also caters to South African traders with Rand-denominated accounts, making local banking seamless and reducing currency conversion fees.

 

3. AvaTrade

AvaTrade Review

 

AvaTrade is an old-time player in the forex industry regulated by CySEC. It has a firm foothold in South Africa and serves traders of all needs and levels of experience.

 

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

 

The brokerage company is known for its safe trading conditions, multiple regulations, and easy-to-use trading platforms- including MT4, MT5, and its own AvaTradeGO application.

 

Overview

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

AvaTrade CySEC Forex Brokers

 

AvaTrade Regulation

AvaTrade is well-regulated by multiple leading global entities, including:

 

Pros and Cons

✅ Pros ❌Cons
Wide range of CFDs assets to trade - 1000+You can’t buy stock or cryptocurrency
Worldwide regulated (mention the regulation if necessay)Cryptocurrency deposit is not accepted
Award winnerQuarterly and annual inactivity fees
Multiple platform – MT4, MT5, etcCostumer support is not available 24/7
Negative balance protectionNo bonus for EU based clients
20% welcome bonusNo US clients accepted
Education contentSpread is higher then others brokers
Beginners, friendly platform (webtrade)Imitated crypto assets– only the popular ones are offer

 

Our Findings

AvaTrade provides a wide range of assets, covering forex, stocks, commodities, and cryptocurrencies, and offers competitive spreads and leverage options tailored to enhance trading flexibility.

 

4. Exness

Review Exness

 

Exness provides traders with financial services and investment solutions tailored to their individual needs. It offers access to instant withdrawals and fast and reliable execution.

Exness is a forex broker regulated by CySEC and favored by South African traders due to its appealing trading conditions and a variety of account possibilities.

 

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

 

Exness is known to provide an exquisite trading experience with low spreads and offer both MT4 and MT5 trading platforms that come with an array of sophisticated charting tools fit for any trading style.

 

Overview

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

 

Exness Regulation

Exness is well-regulated by multiple leading global entities, including:

  • Financial Services Authority (FSA)
  • Central Bank of Curaçao and Sint Maarten (CBCS)
  • Financial Services Commission (FSC)
  • Financial Sector Conduct Authority (FSCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Conduct Authority (FCA)

 

Pros and Cons

✅ Pros❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutionsThere is a limited portfolio of financial instruments offered
Traders can choose between several retail investor accountsExness offers a limited number of payment methods that can be used for deposits and withdrawals

 

Our Findings

Exness is also regulated by the FSCA, which reinforces its commitment to transparency and security, making it a strong choice for both new and experienced traders looking for reliability and cost-effective trading options in South Africa.

 

5. Pepperstone

Pepperstone Review South Africa

 

As a broker regulated by CySEC, Pepperstone enjoys a great reputation in South Africa due to its commitment to transparency, quick execution, and a low-cost trading environment.

 

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

 

In addition to supporting traditional trading, which can also engage in scalping and algorithmic trading, Pepperstone also provides access to quite a few trading platforms including MetaTrader 4, MetaTrader 5, and cTrader.

 

Overview

Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staffOver 500
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA (UK),
ASIC (Australia)
🌎Country of regulationUK,
Australia
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes,
through regulatory bodies
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currencies8
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.0 pips
💸CommissionsVariable,
based on account type and trading volume
💱Number of base currencies supported7
🚀Swap FeesApplicable
📈LeverageUp to 500:1
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes,
💻Demo AccountYes
⌛Order Execution Time30-60 milliseconds
📆VPS HostingYes, for clients who meet the criteria
Trading Instruments
🧾CFDs-Total OfferedOver 1200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Credit/Debit Cards, PayPal,
Skrill,
Neteller
💵Withdrawal OptionsBank Transfer,
Credit/Debit Cards, PayPal,
Skrill,
Neteller
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader
👩‍💻OS CompatibilityWindows,
macOS,
iOS,
Android
🖥️Forex trading toolsTradingView, Autochartist,
Myfxbook
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport@pepperstone.com
📞Customer Support Contact Number+44 (0) 203 695 5811
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
🗣️Languages supported on WebsiteEnglish,
Chinese,
Arabic,
German,
Spanish,
Portuguese,
Italian
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesTrading guides,
eBooks,
market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?No
🪙Rebate programYes
👉Open Account👉 Open Account

 

Pepperstone CySEC Forex Brokers

 

Pepperstone Regulation

As well as being regulated by:

ASIC, SCB, FCA, DFSA, CMA, BaFin, and CySEC segregate their client funds with tier 1 banks and offer many fee-free funding methods.

 

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 supports a range of trading styles, from scalping to algorithmic trading. South African traders benefit from Pepperstone’s tight spreads, which can be as low as 0.0 pips on major pairs with Razor accounts, along with competitive commission rates.

 

6. IC Markets

IC Markets Review ZAR

 

IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders, scalpers, and investors new to the Forex market.

 

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

 

As a broker regulated by CySEC, IC Markets is held in high regard by South African traders owing to its fair pricing model and its many trading instruments on offer.

About the provision of the narrowest spreads which are often less than 0.0 pips on the company’s Raw Spread accounts, IC Markets targets cheapskates as well as traders with scalping or high trading activity strategies.

 

Overview

🔎BrokerIC Markets
Company Information
📅Year Founded2007
🧑🏻‍💻Amount of staffOver 200
👩‍💻Amount of active tradersOver 180,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC (Australia),
CySEC (Cyprus),
FSA (Seychelles)
🌎Country of regulationAustralia,
Cyprus,
Seychelles
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, through regulatory bodies
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesEUR,
GBP,
AUD,
CAD,
CHF,
JPY,
NZD,
SGD,
HKD
💰Minimum Deposit$200 / 3607 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNone for most methods
📊Spreads from0.0 pips on Raw Spread accounts
💸Commissions$3.50 per lot per side on Raw Spread accounts
💱Number of base currencies supported10
🚀Swap FeesApplicable
📈LeverageUp to 500:1
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeAverage 40 milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 2300
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
UnionPay,
others
💵Withdrawal OptionsBank Transfer, Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
UnionPay,
others
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader,
IC Markets WebTrader
👩‍💻OS CompatibilityWeb-based
(All major browsers), Windows,
macOS,
iOS,
Android
🖥️Forex trading toolsAutochartist,
Trading Central,
ZuluTrade,
Myfxbook,
Advanced charting tools
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@icmarkets.com
📞Customer Support Contact Number+61 2 8014 4280
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
🗣️Languages supported on WebsiteEnglish,
Chinese,
Spanish,
Italian,
French,
more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesVideo tutorials,
Articles, Webinars,
Market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?No
🪙Rebate programYes
👉Open Account👉 Open Account

 

IC Markets Regulation

 

IC Markets Regulation

 

IC Markets is supervised by some of the strictest regulatory bodies in the world, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA), and the Securities Commission Bahamas (SCB).

 

Pros and Cons

✅ Pros❌ Cons
Low Forex FeesLimited Product Selection
Easy Account OpeningSlow Chat Response

 

Our Findings

IC Markets appeals to cost-conscious traders and those with high-frequency or scalping strategies. The broker offers robust platforms, including MT4, MT5, and cTrader, with a focus on fast execution speeds through high-quality infrastructure.

 

CySEC Forex Brokers

CySEC Forex Brokers

 

Conclusion

Forex brokerages that are regulated by CySEC are highly sought after in South Africa as they provide a safe trading area due to the tough requirements imposed by the Cyprus Securities and Exchange Commission (CySEC).

Brokers regulated by CySEC are required to practice full disclosure, ensure that client funds are kept separate, and employ fair trading policies making them safe for South African clients.

Most of the CySEC brokers also hold a registration with FSCA (Financial Sector Conduct Authority) which further boosts their reputation in the local market.

These brokers including but not limited to Exness, AvaTrade, and Pepperstone have various arrangements to accommodate South Africans, such as ZAR accounts, reasonably priced spreads, and customer service.

Their extensive asset classes, from Forex and commodities to Indices and crypto trading, cover many different types of trading styles and strategies.

 

You might also like:  HF Markets Review

You might also like:  FXPro Review

You might also like:  IronFX Review

You might also like:  EasyMarkets Review

You might also like:  Exness Review

 

Frequently Asked Questions

 

Who is the preferred CySEC Regulated broker amongst traders in South Africa?

HF Markets is the preferred CySEC-regulated broker among traders. It offers access to a wide range of financial assets, great trading platforms, numerous trading tools, and an innovative trading app.

 

Will a CySEC Regulated Broker offer me protection?

Yes, CySEC Regulated Broker will keep all client funds in segregated accounts.

 

What is CySEC regulation?

The Cyprus Securities Exchange Commission (CySEC) regulates the financial industry in Cyprus. CySEC abides by the regulatory framework established under the Markets in Financial Instruments Directive.

 

What are CySEC’s responsibilities?

The main responsibilities of CySEC include the Supervision and control of the Cyprus Stock Market.

 

How do I know if CySEC regulates a broker?

This information can be found on the official site of the Forex Broker in consideration.

4.8/5 - (29 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 12, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

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

Edited by:

Skerdian Meta

Leading Analyst

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

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

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

Accordion Content

🏆 Top 4 Brokers

Account Minimum

$100

Pairs Offered

55+

Account Minimum

$1

Pairs Offered

240+

Account Minimum

$100

Pairs Offered

70+

Account Minimum

$0

Pairs Offered

50+

AvaTrade-Logo

Account Minimum

$15

Exclusive to SAShares Clients

Account Minimum

$1

Account Minimum

$100

Account Minimum

$0