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 Brokers. In 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
Best CySEC Forex Brokers in 2025 – A Comparison
🔎 Broker | 🚀 Open an Account | 💰 Minimum Deposit | ✒️ CySEC Regulated |
🥇 HF Markets | 👉 Open Account | USD 0 / ZAR 0 | Yes |
🥈 FXPro | 👉 Open Account | USD 100 / ZAR 1806 | Yes |
🥉 AvaTrade | 👉 Open Account | USD 100 / ZAR 1806 | Yes |
📌 Exness | 👉 Open Account | USD 10 / ZAR 179 | Yes |
📌 Pepperstone | 👉 Open Account | USD 0 / ZAR 0 | Yes |
🏅 IC Markets | 👉 Open Account | USD 200 / ZAR 3540 | Yes |
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)
- ☑️HF Markets – Overall, Best CySEC Regulated Forex Broker
- ☑️FXPro – Best CySEC Regulated Broker for Beginners
- ☑️AvaTrade – Top Choice for Low Spreads
- ☑️Exness – Popular CySEC Broker Choice for Professional Traders
- ☑️Pepperstone – Excellent Online Trading Experience
- ☑️IC Markets – Low Spread CySEC Forex Broker
1. HF Markets
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
🔎Broker | HFM |
Company Information | |
📅Year Founded | 2010 |
🧑🏻💻Amount of staff | 500+ |
👩💻Amount of active traders | 300,500 000 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSCA, CySEC, FCA, DFSA, FSA, CMA |
🌎Country of regulation | UK, South Africa, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
💰Minimum Deposit | $0 USD / 0 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free up to a certain amount |
📊Spreads from | 0.1 pips |
💸Commissions | No |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | 1:30 |
📏Margin requirements | 0.50% |
☪️Islamic account (swap-free) | Yes, available upon request |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 500+ |
🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
📜CFD Shares | Yes, 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 Options | Credit/debit cards, bank transfers, electronic wallets. |
💵Withdrawal Options | Must be sent via the same payment method used for deposit |
Trading Platforms and Tools | |
💻Trading Platforms | HFM Platform, MT4 |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support.za@hfm.com |
📞Customer Support Contact Number | +27-104 439 924 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 27 languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
👨🏫Amount of partners | 41 000 |
📋IB Program | Yes, 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 program | Yes |
👉Open Account | 👉Open Account |
HF Markets Regulation
HF Markets is well-regulated by multiple leading global entities, including:
- Financial Sector Conduct Authority (FSCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Dubai Financial Services Authority (DFSA)
- Financial Services Authority (FSA)
- Financial Conduct Authority (FCA)
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 1:2000 | Fees applicable when the account has been unused |
Fast execution: Quick trades with low delays | Bonus restrictions: Bonuses vary by region |
Strong regulation: FCA, FSCA, CySEC, DFSA, FSA | Transparency 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 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 Name | FxPro |
🏢 Company Information | FxPro Group Limited |
📅 Year Founded | 2006 |
👩💼👨💼 Current CEO | Charalambos Psimolophitis |
👩💼👨💼 Founder/s | Denis Sukhotin |
👥 Amount of staff | Over 200 employees |
👨💻 Amount of active traders | Over 1.8 million |
📈 Publicly Traded (Listed Company) | No |
🇬🇧 Regulation and Security | Strong regulatory oversight |
🇬🇧 Regulation | FCA, CySEC, FSCA |
🇬🇧 Country of regulation | UK, Cyprus, South Africa |
💼 Account Segregation | Yes, funds are segregated |
🚫 Negative balance protection | Yes |
🔐 Two-step Authentication | Available |
🛡️ Investor Protection Schemes | Yes, under regulatory authorities |
📋 Account Types and Features | Standard, MT4, MT5, and cTrader accounts |
🏦 Institutional Accounts | Yes |
📊 Managed Accounts | No |
💱 Minor account currencies | USD, EUR, GBP, ZAR |
💰 Minimum Deposit | $100 / 1700 ZAR |
📊 Trading Conditions | Competitive spreads, fast execution |
⏳ Average deposit/withdrawal processing time | 1-2 business days |
💵 Fund Withdrawal Fee | No fees on most methods |
📉 Spreads from | 0.0 pips |
💸 Commissions | On cTrader accounts (from $4.5) |
🌍 Number of base currencies supported | 7 |
📈 Swap Fees | Yes, applicable on overnight trades |
📈 Leverage | Up to 1:500 |
📊 Margin requirements | 2% |
🌙 Islamic account (swap-free) | Yes |
🎓 Demo Account | Yes, unlimited |
⏱️ Order Execution Time | < 11ms |
☁️ VPS Hosting | Available for high-frequency traders |
🌍 Global Offices | UK, Cyprus, Bahamas, Dubai |
👆 One-Click Trading | Yes |
🤖 Expert Advisors | Supported on MT4/MT5 |
📊 Trading Instruments | Forex, Stocks, Indices, Metals, Energy |
📊 CFDs-Total Offered | Over 2000 instruments |
📈 CFD Stock Indices | Yes, major global indices |
🛢️ CFD Commodities | Yes, energy and metals |
📉 CFD Shares | Yes, large selection |
👀 Watch list | Customizable |
🔔 Trade Alerts | Yes |
📈 Trading Stocks with GP | Yes |
📊 Trading Indices with GP | Yes |
🛠️ Swap on trading board | Yes |
💳 Deposits and Withdrawals | Credit/Debit cards, Bank Wire, PayPal, Skrill, Neteller |
💳 Deposit Options | Multiple methods supported |
💸 Withdrawal Options | Same as deposit methods |
🎁 Welcome Bonus | No |
💻 Trading Platforms and Tools | MT4, MT5, cTrader, FxPro Edge |
🚦 Stop-loss Instrument | Yes |
🛡️ Investor Protection Schemes | Yes, under regulatory bodies |
🖥️ OS Compatibility | Windows, macOS, iOS, Android |
🔧 Forex trading tools | Yes, extensive |
💬 Customer Support | 24/5 support available |
💬 Live chat availability | Yes, 24/5 |
📧 Customer Support Email address | support@fxpro.com |
📞 Customer Support Contact Number | +44 (0) 203 151 5550 |
🌐 Languages supported on FxPro Website | 18 languages |
📚 Educational Resources and Support | Webinars, articles, video tutorials |
👍 Beginners Trader friendly UX | Yes |
📚 Forex course | Yes, basic to advanced |
🖥️ Webinars | Yes |
📖 Educational Resources | Yes, rich library |
🤝 Partnerships and Programs | Yes |
🤝 Affiliate program? | Yes |
🤝 Amount of partners | 10,000+ |
📈 IB Program | Yes |
⚽ Do they sponsor any notable events or teams? | Yes, McLaren F1 team |
💰 Rebate program | Yes, for IBs |
🗨️ Community Forum | No |
📱 Social Media Platforms | Facebook, Twitter, Instagram, YouTube, LinkedIn |
🌐 Official Website address | FxPro |
📘 Official Facebook Page | FxPro |
🐦 Official Twitter Page | FxPro |
📺 Official YouTube Channel | FxPro |
🔗 Official Linkedin Page | FxPro |
📸 Official Instagram Page | FxProGlobal |
🇿🇦 Regulatory Status in South Africa | FSCA 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 Account | Open Account |
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 Spreads | Does not offer its services in all countries due to legal jurisdictions |
Fast Execution | Some users have reported mixed experiences with customer support, with occasional delays in responses or difficulties in resolving issues. |
Variety of Instruments | FxPro imposes withdrawal fees for certain payment methods, which can reduce the overall profitability of trading. |
Robust Trading Platforms | Limited 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 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
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
Category | Details |
Company Information | |
🏷️Company Name | AvaTrade |
📍Headquarters Location | Dublin, Ireland |
📅Year Established | 2006 |
👤CEO/Founder | Dáire Ferguson |
🌐Global Offices | Over 15 offices worldwide, including Japan, Australia, and South Africa |
🔖Licensing Body | Central Bank of Ireland, ASIC, FSA (Japan), FSCA (South Africa), ADGM (UAE) |
👥Group Companies | Ava Capital Markets, AvaTrade EU, AvaTrade Japan, AvaTrade Middle East |
🏛️Business Model | Market Maker |
🌍Operational Languages | Over 20 languages, including English, Spanish, French, and Arabic |
🏆Awards & Recognitions | Best Broker 2023, Best Trading App 2022, among others |
Regulation and Security | |
🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
✔️Compliance Standards | Adheres to MiFID II, ASIC regulations, and other regional compliance standards |
💼Client Fund Segregation | Yes, client funds are held in segregated accounts |
🪫Negative balance protection | Yes, ensuring traders cannot lose more than their account balance |
🕵️♂️Financial Conduct Oversight | Regular audits and monitoring by respective regulatory bodies |
💰Insurance Coverage | Professional indemnity insurance in line with regulatory requirements |
📋AML & KYC Policy | Strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies |
🔒Security of Trading Platform | Advanced SSL encryption, two-factor authentication (2FA), and secure servers |
🛡️Investor Compensation Fund | Member of investor compensation schemes depending on regional regulations |
🖥️Cybersecurity Measures | Robust firewalls, regular penetration testing, and secure backups |
Account Types and Features | |
⚙️Standard Account | Yes, available with competitive features |
📊ECN Account | No, AvaTrade does not offer an ECN account |
🌙Islamic Account | Yes, swap-free accounts are available for Muslim traders |
🎮Demo Account | Yes, a free demo account is available with virtual funds |
👑VIP Account | Yes, available for high-net-worth traders with enhanced features |
💵Minimum Deposit | $100 / R1806 |
💱Base Currencies | USD, EUR, GBP, AUD, and others depending on the region |
⚖️Leverage Options | Up to 1:400 (varies based on region and asset class) |
📈Spreads (Fixed/Variable) | Fixed spreads EUR/USD starts at 0.9 pips |
🔄Swap-Free Accounts | Yes, available for Islamic accounts |
🌐Account Currency Conversion | Yes, account currencies can be converted during setup |
🚨Margin Call Level | 50% |
❌Stop-Out Level | 20% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | No, scalping is not permitted under AvaTrade’s policies |
🔁Copy Trading Support | Yes, through integration with ZuluTrade and DupliTrade |
👥Social Trading Features | Yes, via third-party platforms |
💼Managed Accounts | No, AvaTrade does not offer managed accounts |
Trading Conditions | |
🔍Average Spreads | EUR/USD starts from 0.9 pips (fixed spreads) |
💲Commissions per Trade | None, spreads only |
🔢Leverage Range | Up to 1:400 |
🚀Execution Speed | Ultra-fast execution |
📊Order Execution Type | Market execution |
🔄Slippage Policy | Minimal slippage, detailed in terms |
📏Margin requirements | Varies by asset class |
⏹️Stop-Loss and Take-Profit Orders | Yes |
🔁Trailing Stops | Yes |
🕑Pending Orders | Yes |
🔽Partial Fills | Yes |
🧾Dividend Adjustments | Yes |
🌙Overnight Swap Fees | Applicable, waived for Islamic accounts |
📆Rollover Policy | Follows market standards |
🛑Guaranteed Stop Loss | Yes, for specific instruments |
Trading Instruments | |
💹Forex Currency Pairs | 55+ pairs, including majors, minors, and exotics |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes, including soft commodities |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | Yes (via platforms and email) |
📉Stocks | Yes, global stocks available |
🗂️ETFs | Yes |
🏛️Bonds | No |
📜Futures Contracts | No |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes, leverage up to 1:400 |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | Yes, available in some regions |
🧺Currency Baskets | No |
Deposits and Withdrawals | |
💳Deposit Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller), Local Payment Methods |
💵Withdrawal Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller) |
⏱️Processing Time for Deposits | YesInstant for most methods, 1-3 business days for bank transfers |
🕒Processing Time for Withdrawals | 24-48 hours for most methods, up to 5 business days for bank transfers |
🚫Deposit Fees | No |
💵Withdrawal Fees | No |
🔢Minimum Deposit Amount | $100 |
📉Minimum Withdrawal Amount | $100 (may vary by method) |
🚪Maximum Withdrawal Limit | No specific limit, subject to account balance |
💱Supported Currencies | USD, EUR, GBP, AUD, and more |
₿Crypto Deposits & Withdrawals | Not supported |
🏦Bank Wire Transfers | Supported |
💳Credit/Debit Cards | Supported |
📲E-Wallets (Skrill, Neteller, etc.) | Supported |
🏘️Local Payment Methods | Supported (varies by region) |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes, fully supported |
👩💻MetaTrader 5 (MT5) | Yes, available for advanced trading |
🖥️Proprietary Platform | Yes, AvaTradeGo and WebTrader |
📱Mobile Trading App | Yes, AvaTradeGo offers comprehensive mobile trading |
🌐Web-Based Platform | Yes, WebTrader is available |
🤖Trading Bots | Yes, compatible with EAs (Expert Advisors) |
🖧VPS Services | Available upon request |
🔌API Connectivity | No |
📉Charting Tools | Advanced charting tools are available |
🧮Custom Indicators | Supported via MT4/MT5 |
🧠Market Sentiment Analysis | Yes, integrated into platforms |
📩Trading Signals | Yes, via partnerships with Trading Central |
🏷️Advanced Order Types | Yes, including stop orders and limit orders |
⚠️Risk Management Tools | Yes, includes guaranteed stop-loss and negative balance protection |
📅Economic Calendar | Yes, provided within the platform |
📰Market News Feed | Yes, updated in real-time |
Customer Support | |
📞Support Channels | Live Chat, Email, Phone, FAQ/Help Center |
🗨️Live Chat Availability | 24/5 |
📧Email Support | Available |
📱Phone Support | Available |
🌍Multilingual Support | Yes, supports multiple languages |
❓Help Center/FAQ | Comprehensive Help Center and FAQs |
👨💼Dedicated Account Manager | Available for premium accounts |
⏲️Response Time (Live Chat) | Within a few minutes |
🕒Response Time (Email) | 24-48 hours |
⭐Support Rating | High-rated for responsiveness and efficiency |
Educational Resources and Support | |
🎥Webinars | Regular webinars on various trading topics |
🏫Seminars | Available in selected locations |
📖Trading Tutorials | Comprehensive beginner and advanced tutorials |
📊Market Analysis Reports | Daily and weekly market analysis reports |
📚E-Books | Various e-books covering different aspects of trading |
🎬Video Library | Extensive library with video tutorials |
📜Glossary | Detailed glossary of trading terms |
❔FAQs | Frequently Asked Questions section covering general and account-related inquiries |
🆕Beginner Guides | Step-by-step beginner guides to help new traders |
🚀Advanced Trading Strategies | In-depth strategies for experienced traders to enhance trading skills |
Partnerships and Programs | |
📋IB Program | Yes |
🪪Affiliate program? | Commission-based program for affiliates promoting AvaTrade |
🏷️White Label Solutions | Customized solutions for financial institutions and brokers to offer AvaTrade's services under their brand |
🎁Partnership Rewards | Rewards and bonuses for partners based on performance and business growth |
🏛️Institutional Solutions | Tailored solutions for financial institutions, including liquidity services |
🔌API Partnership | AvaTrade offers API access for integrating their trading services into third-party platforms |
🤝Referral Program | Incentives for clients who refer new traders to AvaTrade |
Fees & Charges | |
💳Deposit Fees | No deposit fees for most methods |
📤Withdrawal Fees | No withdrawal fees for most methods |
💤Inactivity Fee | Inactivity fee of $50/month after 3 months of no trading activity |
🌜Overnight Fees (Swaps) | Charges/credits depend on the position, asset class, and market conditions |
💱Conversion Fees | Conversion fees apply when depositing or withdrawing in a different currency than the account's base currency |
💰Commission on Trades | No commission for standard accounts, but commissions may apply for certain account types like ECN accounts |
Market Research Tools | AvaTrade offers an economic calendar with key financial events and news updates. |
📅Economic Calendar | AvaTrade offers an economic calendar with key financial events and news updates. |
📰Market News | AvaTrade provides real-time market news from leading financial sources. |
📩Trading Signals | AvaTrade offers trading signals through third-party providers and on its platform. |
🔧Technical Analysis Tools | AvaTrade includes charting tools, technical indicators, and analysis features. |
💭Sentiment Analysis | AvaTrade provides sentiment indicators, showing the market mood and trends. |
Additional Features | |
👥PAMM/MAM Accounts | AvaTrade offers PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) accounts for fund managers and clients. |
🔗Social Trading Platform | AvaTrade provides a social trading platform allowing users to follow and copy trades of others. |
🏆Trading Competitions | AvaTrade hosts periodic trading competitions with cash prizes and other rewards. |
🎁Loyalty Rewards | AvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders. |
👑Exclusive VIP Perks | AvaTrade offers VIP clients exclusive services like personalized account management and special offers. |
Promotions & Bonuses | |
🎁Welcome Bonus | AvaTrade offers a welcome bonus to new clients upon opening and funding their accounts. |
💵Deposit Bonus | AvaTrade may offer deposit bonuses, providing additional trading funds on qualifying deposits. |
🏅Trading Contests | AvaTrade organizes trading contests, where participants can win prizes based on their trading performance. |
🌟Seasonal Promotions | AvaTrade runs seasonal promotions throughout the year, offering special deals and bonuses. |
🎖️Loyalty Programs | AvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses. |
User Experience & Reviews | |
🖥️User Interface Quality | AvaTrade’s platform offers a clean and intuitive interface, designed for both beginner and experienced traders. |
🔒Platform Stability | AvaTrade’s platform is known for its stability, with minimal downtime and robust performance under various market conditions. |
📱Mobile App Reviews | The mobile app receives positive reviews for its ease of use, offering a wide range of features similar to the desktop platform. |
⭐Overall User Rating | AvaTrade generally holds a solid rating from users, with many praising its comprehensive offerings and user-friendly interface. |
🌟Trustpilot Rating | AvaTrade maintains a strong Trustpilot rating, with many clients expressing satisfaction with their services. |
😟Common Complaints | Common complaints include slow customer support response times and occasional withdrawal issues. |
Mobile | |
📱Mobile App Name | AvaTradeGO |
🛠️Developer | AvaTrade Ltd. |
📅Release Year | 2019 |
💻OS Compatibility | iOS, Android |
🌐Languages Supported | English, French, Spanish, Italian, Arabic, Portuguese, and others |
📈Trading Instruments | Forex, CFDs, Commodities, Stocks, Indices, Cryptocurrencies |
🔄Real-Time Data | Yes, with live market data and updates |
🛠️Charting Tools | Advanced charting tools with technical analysis indicators |
📊Order Types Supported | Market Orders, Limit Orders, Stop Orders, OCO, Trailing Stop |
🚀Order Execution Speed | Fast, near-instant execution on mobile |
🔔Custom Alerts | Yes, users can set price alerts and notifications |
🤝Beginner-Friendly | Yes, the app is designed with simplicity and ease of use |
🔐Security Features | Two-factor authentication (2FA), encryption |
🖥️Synchronization | Syncs across all devices (mobile and desktop) |
💰Deposit and Withdrawal | Yes, mobile deposits and withdrawals are supported |
📝Account Types Accessible | All account types available, including demo accounts |
🔄Switch Accounts | Yes, users can switch between accounts easily |
💬In-App Support | Live chat support available within the app |
📚Educational Resources | Access to tutorials, webinars, and market analysis |
🎯Watchlist | Yes, users can create and manage a personalized watchlist |
🌙Dark Mode | Yes, the app supports dark mode for better visibility |
🌐Social Trading | Yes, users can engage in social trading within the app |
AI Trading Resources | |
🤖AI Integration | AvaTrade offers AI-powered trading tools, integrated into the platform |
📊Data Analysis | Yes, AI-driven data analysis for enhanced decision-making |
📈Predictive Analytics | Yes, predictive tools are available to anticipate market trends |
🛠️Customizable Strategies | Yes, users can customize their trading strategies using AI tools |
📉Risk Management Tools | Advanced AI tools to assess and manage trading risks |
🧑🏫Trading Insights | AI-based insights and recommendations for optimal trades |
🚀Execution Optimization | AI-driven algorithms that optimize order execution speed |
🔄Portfolio Rebalancing | Yes, AI can assist in portfolio rebalancing based on market changes |
📚AI Tutorials | Available educational resources on how to use AI tools in trading |
🎥Video Demonstrations | Yes, video tutorials explaining how to use AI features |
🧑🤝🧑Webinars | Yes, webinars are available to discuss AI trading strategies |
🔍AI-Powered Search | Yes, search tools are enhanced with AI to provide more accurate results |
🌟Beginner-Friendly | Yes, AI tools are designed to be accessible for beginners |
🖥️Platform Availability | Available on both desktop and mobile platforms |
📈Backtesting Capability | Yes, users can backtest strategies using historical data |
🛠️Strategy Builder | Yes, users can build and customize their own AI-driven strategies |
🔔Alerts and Notifications | Yes, AI-powered alerts for market events and strategy changes |
🔒Data Protection | Strong encryption and data protection measures in place |
👁Transparency | Full transparency on how AI algorithms work and make decisions |
Social Media Platformst | |
AvaTrade is active on Facebook, providing updates, news, and promotions. |
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AvaTrade uses Instagram to share educational content, market analysis, and trading tips. |
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AvaTrade regularly tweets market insights, promotions, and company news. | |
AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news. | |
🎥YouTube | AvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content. |
👉Open Account | Open Account |
AvaTrade Regulation
AvaTrade is well-regulated by multiple leading global entities, including:
- Australian Securities and Investments Commission (ASIC)
- Financial Services Commission (FSC) of Mauritius
- British Virgin Islands Financial Services Commission (BVI FSC)
- Cyprus Securities and Exchange Commission
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 winner | Quarterly and annual inactivity fees |
Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
Negative balance protection | No bonus for EU based clients |
20% welcome bonus | No US clients accepted |
Education content | Spread 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
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
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 Founded | 2008 |
🧑🏻💻Amount of staff | Over 2,100 |
👩💻Amount of active traders | Over 320,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | EUR/USD & USD/JPY |
💰Minimum Deposit | $10 / R179 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.3 pips |
💸Commissions | Varies by account type, often commission-free |
💱Number of base currencies supported | +40 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:2000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@exness.com |
📞Customer Support Contact Number | +35725030959 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 15 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 64 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Exness Accept South African Traders? | Yes |
Is Exness regulated by the South African regulatory body (FSCA)? | Yes |
Does Exness offer an Affiliate Program for South African Traders? | Yes |
Does Exness allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
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 institutions | There is a limited portfolio of financial instruments offered |
Traders can choose between several retail investor accounts | Exness 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
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 Founded | 2010 |
🧑🏻💻Amount of staff | Over 500 |
👩💻Amount of active traders | Over 200,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA (UK), ASIC (Australia) |
🌎Country of regulation | UK, Australia |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, through regulatory bodies |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | 8 |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.0 pips |
💸Commissions | Variable, based on account type and trading volume |
💱Number of base currencies supported | 7 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 500:1 |
📏Margin requirements | Variable based on asset and leverage |
☪️Islamic account (swap-free) | Yes, |
💻Demo Account | Yes |
⌛Order Execution Time | 30-60 milliseconds |
📆VPS Hosting | Yes, for clients who meet the criteria |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | TradingView, Autochartist, Myfxbook |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support@pepperstone.com |
📞Customer Support Contact Number | +44 (0) 203 695 5811 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, |
🗣️Languages supported on Website | English, Chinese, Arabic, German, Spanish, Portuguese, Italian |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Trading guides, eBooks, market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | No |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
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 deposits | Limited product portfolio of CFD, Forex an Crypto |
Great customer service | No 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 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
🔎Broker | IC Markets |
Company Information | |
📅Year Founded | 2007 |
🧑🏻💻Amount of staff | Over 200 |
👩💻Amount of active traders | Over 180,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
🌎Country of regulation | Australia, Cyprus, Seychelles |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, through regulatory bodies |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD |
💰Minimum Deposit | $200 / 3607 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | None for most methods |
📊Spreads from | 0.0 pips on Raw Spread accounts |
💸Commissions | $3.50 per lot per side on Raw Spread accounts |
💱Number of base currencies supported | 10 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 500:1 |
📏Margin requirements | Variable based on asset and leverage |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Average 40 milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 2300 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets WebTrader |
👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
🖥️Forex trading tools | Autochartist, Trading Central, ZuluTrade, Myfxbook, Advanced charting tools |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@icmarkets.com |
📞Customer Support Contact Number | +61 2 8014 4280 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
🗣️Languages supported on Website | English, Chinese, Spanish, Italian, French, more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Video tutorials, Articles, Webinars, Market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | No |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
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 Fees | Limited Product Selection |
Easy Account Opening | Slow 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
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.
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