The 9 Best ETF Brokers revealed. Various factors combine to make the best ETF Forex Brokers, these brokers are an attractive investment.
In this article, we explore the best brokers that provide access to ETFs, also known as Exchange Traded Fund Forex Brokers alongside excellent trading conditions.
- The Best ETF to Invest in (2025)
- Can an ETF go to zero?
- Can You trade ETF on MT4/MT5?
- Which ETF is best for beginners?
- Is ETF trading profitable in South Africa?
- How long should you hold ETFs?
- How to invest in South Africa using ETFs
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Best ETF Forex Brokers
| 🔎 Broker | ⭐ETF Forex Brokers | 👉 Open an Account | 💰 Minimum Deposit | 💻 Trading Platform |
| 1. AvaTrade | Yes | 👉 Open Account | USD 100 / R1816 ZAR | MT4, MT5, Ava Social, Ava Protect, Trading Central |
| 2. BDSwiss | Yes | 👉 Open Account | USD 10 / R184 ZAR | MT4, MT5, WebTrader, BDSwiss app |
| 3. Plus500 | Yes | 👉 Open Account | USD 100 / R1816 ZAR | WebTrader |
| 4. FXTM | Yes | 👉 Open Account | USD 10 / R184 ZAR | MT4, MT5, FXTM Trader |
| 5. FXCM | Yes | 👉 Open Account | USD 50 / R750.00 ZAR | Trading Station Desktop, Metatrader 4, Capitalise AI, Tradingview Pro |
| 6. XTB | Yes | 👉 Open Account | USD 0 | MT4, xStation |
| 7. Saxo Bank | Yes | 👉 Open Account | USD 0 | Proprietary Platform |
| 8. City Index | Yes | 👉 Open Account | USD 0 | MT4, WebTrader |
| 9. Admiral Markets | Yes | 👉 Open Account | USD 25 / R 461 ZAR | MT4, MT5, WebTrader |
What are ETF forex brokers?
The ETF is an investment fund that tracks underlying assets like indices, bonds, and commodities and divides ownership of those assets into shares.
ETFs are traded on an exchange, and their value shifts during the day, due to buying and selling actions done by the traders.
9 Best ETF Forex Brokers Revealed (2025):
- ☑️AvaTrade – the Best ETF Forex Broker.
- ☑️BDSwiss – High Trader Trust Score.
- ☑️Plus500 – Secure Access t0 the Most Popular ETFs.
- ☑️FXTM – Award-Winning ETF Forex Broker
- ☑️FXCM – Leading online CFD broker in South Africa.
- ☑️XTB – ETFs with 0% Commission.
- ☑️Saxo Bank – Access more than 7000 exchange-traded funds.
- ☑️City Index – Trade CFDs from a single trading account.
- ☑️Admiral Markets – Best state-of-the-art platform.
1. AvaTrade
AvaTrade has carved a reputation as a revolutionary leader in online trading by providing a reliable, user-oriented trading environment built on the most advanced platforms and regulated on five continents.
The broker is regulated by numerous authorities and bodies worldwide, including the Central Bank of Ireland and the B.V.I Financial Services Commission in the British Virgin Islands.
The Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) in South Africa, the Japanese Financial Services Agency (FSA), and the Financial Futures Association of Japan (FFAJ) are also included.
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
Trading volumes can reach more than US$60 billion per month, and all of this activity is created as a result of their offering traders a platform that strikes the optimal balance between ease of use and depth of functionality.
AvaTrade is a regulated online broker that trades various financial instruments, including Forex, and CFDs on stocks, indices, commodities, cryptocurrencies, and ETFs.
AvaTrade offers a range of popular ETFs to trade as CFDs, allowing traders to trade long or short with leverage of up to 5:1.
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | Central Bank of Ireland, MiFID, ASiC, BVI |
| 💰 Minimum Deposit | $100 / R1600 ZAR |
| 📊 Average spreads from | 0.9 pips |
| 💹 Commissions from | No commission on Forex |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:400 |
| 🔥 Bonus | First Deposit Bonus |
| ☎️ Customer support | 24/5 - multilingual |
| 👥 Account Types | Standard, Plus, Professional, Islamic. |
| 📈 Leverage | 1:400, EU - 1:30 and 1:400 (Professional Accounts) |
| 🔘Products Offered | Forex, CFDs on stocks, indices, commodities, cryptocurrencies, and ETFs. |
| 👍 Demo / Practice Account | Yes, 100% Free |
| 💰 Spreads | 0,9 pips |
| 🚀Bonus | Open a trading account in 1 minute and receive up to $10 000 Bonus. |
| 💵 Account currencies | AUD, JPY, GBP, USD, EUR, CHF |
| 📙 Education | Sharp Trader, Videos, Articles, Webinars, eBook. |
| 💳 Withdrawal and Deposit Options | Bank Wire Transfer, Credit/Debit Card, PayPal, WebMoney, Neteller, Skrill |
| 🇿🇦 ZAR accounts | Yes, Avatrade offers ZAR trading accounts |
| ☎️ South African Telephone Number | 010 594 1353 |
| 👉 Open an Account | 👉 Open Account |
AvaTrade Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | AvaTrade offers commission-free trading on stocks and ETFs, meaning no additional charges per trade. |
| 💹Spread | The cost is embedded in the spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | AvaTrade charges an inactivity fee of $50 per quarter after three months of inactivity. |
| ✔️Overnight Fee | Positions held overnight are subject to a swap fee, which is a financing charge applied daily. |
| 📌Currency Conversion Fee | If trading stocks or ETFs in a different currency than your account, a currency conversion fee may apply. |
| 💳Deposit/Withdrawal Fees | AvaTrade does not charge for deposits, but there may be withdrawal fees depending on the method used. |
| 🔘Market Data Fees | AvaTrade does not charge for market data; however, this can vary depending on specific stock exchanges. |
| 🔑Regulatory Fees | Any applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | AvaTrade does not charge any platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | AvaTrade does not impose an account maintenance fee, apart from the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Well-regulated | US clients are not accepted |
| Multiple awards won over the years | |
| Tight spreads and zero commissions | |
| Powerful trading platforms |
Our Findings
AvaTrade is seen as an all-encompassing platform for forex and CFD trades on the internet which may appeal to both newcomers as well as seasoned players in this field.
Does AvaTrade offer direct ETF trading?
No, AvaTrade does not offer direct ETF trading. While they provide a platform for trading various financial instruments, including forex, CFDs on indices, and shares, ETFs are not currently included in their product range.
How can I potentially gain exposure to the ETF market through AvaTrade?
AvaTrade offers CFDs on various stock indices and by trading forex, you might indirectly benefit from ETF-related market movements.
2. BDSwiss
BDSwiss is a traditional online broker that offers a trading platform that can be used in several different ways.
This particular broker’s website supports CFDs, Binary Options, and Forex trading, and the website promises that traders can anticipate profits of up to 85% of their investments.
They are currently active in more than 125 countries across the world and are striving tirelessly to expand their reach even further.
Min Deposit
USD 10
Regulators
FSCA, FSC, FSA, MISA
Trading Platform
MT4, MT5, WebTrader, BDSwiss app
Crypto
Yes
Total Pairs
53
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The platform is well-known for offering CFDs, including forex, cryptocurrencies, commodities, indices, and stock trading, catering to various financial interests.
Tight spreads, especially appealing to forex traders, and a minimal minimum deposit requirement make it accessible to a wide spectrum of investors.
More than a thousand new contracts for difference (CFDs), in addition to over 900 prominent stocks and 80 exchange-traded funds (ETFs) with direct market access, were just recently introduced by BDSwiss Group as part of the company’s recent initiative to broaden the product range it provides.
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | CySEC, FSC, NFA |
| 💰 Minimum Deposit | $10 USD / R184 ZAR |
| 📊 Average spreads from | 1.3 pips |
| 💷 Minimum Commission per Trade | Cent & Classic: $0 on pairs / $2 on indices / 0.15% on shares VIP: $0 on pairs & indices / 0.15% on shares Zero-Spread (ex Raw) : $6 on pairs & commodities / $2 on indices / 0.15% on shares |
| 💳 Deposit / Withdrawal fees | 10 EUR from 20 EUR upwards |
| 📊 Maximum leverage | 1:500 |
| 🔥 Bonus | None |
| ☎️ Customer support | 24/5 |
| 🤝 Affiliate Program | Yes |
| 📈Products Offered | Forex, CFDs on stocks, indices, commodities, cryptocurrencies. |
| 🖥️Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), BDSwiss WebTrader, BDSwiss Mobile App. |
| 👥Account Types | Classic, Platinum, VIP, and Swap-Free. |
| 💴 0% fees on Deposits and CC Withdrawals | Yes |
| 📉 Personal Account Manager | Yes, with a $1,000 deposit |
| ⏰ Instant Withdrawals offered | Yes, only on credit cards up to 2,000 €/$/£ |
| 💳 Instant Deposits and Instant Withdrawals | |
| ▶️ Customer Support Languages | Multilingual |
| 🖍️ Education for South African beginners | Yes |
| ☎️ South African Telephone Number | 010 449 4445 |
| 🇿🇦 ZAR accounts | Yes |
| 👉 Open an Account | 👉 Open Account |
BDSwiss Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | BDSwiss charges a commission fee of 0.1% per trade for stocks and ETFs. |
| 💹Spread | The cost is embedded in the spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | BDSwiss charges an inactivity fee of €30 per month after 90 days of inactivity. |
| ✔️Overnight Fee | Positions held overnight are subject to a swap fee, which is a financing charge applied daily. |
| 📌Currency Conversion Fee | If trading stocks or ETFs in a different currency than your account, a currency conversion fee may apply. |
| 💳Deposit/Withdrawal Fees | BDSwiss does not charge for deposits, but there may be withdrawal fees depending on the method used. |
| 🔘Market Data Fees | BDSwiss does not charge for market data; however, this can vary depending on specific stock exchanges. |
| 🔑Regulatory Fees | Any applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | BDSwiss does not charge any platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | BDSwiss does not impose an account maintenance fee, apart from the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and 5 are available | Relatively high minimum deposit |
| BDSwiss provides useful educational resources as well as market analysis | As the platform caters to a global audience, some BDSwiss features and products may not be especially customised to the South African market |
| South African traders benefit from the platform's multi-regulation. | The primary focus of BDSwiss on CFDs and forex trading may not be compatible with the interests of investors seeking direct stock trading or long-term investments |
Our Findings
BDSwiss makes an impression due to its numerous features and adherence to secure trading conditions.
My research into BDSwiss indicates that it is an all-around trading platform for various financial instruments like foreign exchange (forex) pairs, equity shares (stocks), materials like oil or gold (commodities), and digital currencies (cryptocurrencies).
Can I access ETF-like investments through BDSwiss?
Even though BDSwiss doesn’t provide direct access to ETF trading, you can still be exposed to the underlying assets with the help of CFDs on indices. These instruments mirror some of the most significant stock indices’ performance in a similar way as broad-based ETFs do.
Does BDSwiss offer direct ETF trading?
BDSwiss primarily offers CFD trading on a variety of financial instruments, including indices, shares, commodities, and forex. While they provide exposure to a wide range of markets, they do not currently offer direct ETF trading.
3. Plus500
Plus500 is a popular online platform for trading Contracts for Difference (CFD), and the platform is owned by a holding company that goes by the name Plus500 Ltd.
A total of three separate subsidiaries are responsible for the day-to-day operations of the parent company, which is traded on the Main Market of the London Stock Exchange (LON: PLUS).
Min Deposit
USD 100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Platform
WebTrader
Crypto
Yes (Availability subject to regulations)
Total Pairs
70+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Plus500 (or its subsidiaries) is regulated in several different jurisdictions across the world.
Plus500 offers leveraged trading on some of the most well-known exchange-traded funds (ETFs), including VXX Volatility and SPDRUSA500, among others. Traders can set free Stops and Limits on their positions to maintain control over both their gains and losses.
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | FCA, ASIC |
| 💰 Minimum Deposit | $100 USD / R1600 ZAR |
| 📊 Average spreads from | Variable |
| 💹 Commissions from | No commissions and tight spreads |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:30 |
| ☎️ Customer support | 24/7 |
| 📊 Scalping | No |
| 💴 Base Currencies | USD, GBP, ZAR, EUR |
| 💷 Inactivity Fee | Yes, 10 USD after three months of inactivity |
| 🖱️ Account Types | Live Trading Account |
| 💶 Currency Pairs | 60+ Minor, Major, and Exotic pairs |
| 🇿🇦 ZAR accounts | Yes |
| ☎️ South African Telephone Number | No |
| 💻 Trading Platforms | Plus500 platform |
| 📍 Trading Instruments | Cryptocurrencies, Forex, indices, commodities, shares, options, ETFs |
| 👉 Open an Account | 👉 Open Account (CFD Service. Your capital is at risk) |
Plus500 Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | Plus500 does not charge a commission fee for trading stocks and ETFs. |
| 💹Spread | The cost is embedded in the spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | Plus500 charges an inactivity fee of $10 per month after three months of inactivity. |
| ✔️Overnight Fee | Positions held overnight are subject to a swap fee, which is a financing charge applied daily. |
| 📌Currency Conversion Fee | If trading stocks or ETFs in a different currency than your account, a currency conversion fee may apply. |
| 💳Deposit/Withdrawal Fees | Plus500 does not charge for most deposits and withdrawals, but there may be fees for certain withdrawal methods. |
| 🔘Market Data Fees | Plus500 does not charge for market data. |
| 🔑Regulatory Fees | Any applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | Plus500 does not charge any platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | Plus500 does not impose an account maintenance fee, apart from the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide range of market instruments | Relatively limited research tools |
| Competitive pricing | |
| Well regulated |
Our Findings
Plus500 is a platform for CFD trading that permits access to various financial instruments like forex, indices, commodities, shares, and options.
Although it does not provide ETF trading directly, but provides CFDs on indices which serve as a substitute. The platform’s primary focus is on simplicity and accessibility, which makes it an alternative for new and expert traders alike.
Can you use Plus500 in South Africa?
Plus500AU Pty Ltd is an Authorised Financial Services Provider #47546 in South Africa.
Is Plus500 legit?
Yes, Plus500 is a legitimate trading platform
4. FXTM
ForexTime is regulated by the Cyprus Securities and Exchange Commission, licensed by the Financial Services Board (FSB) of South Africa, and ForexTime UK Limited is registered with the Financial Conduct Authority of the UK.
Forex Time (FXTM) is a renowned global broker that provides traders with the opportunity to trade foreign exchange (Forex) and contracts for difference (CFDs). Andrey Dashin is the one who initiated the establishment of FXTM in the year 2011.
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
You have the opportunity to invest in exchange-traded funds (ETFs), index futures, or index options when you use FXTM.
The company specializes in leveraged trading, which offers investors the opportunity to create financial returns on rising as well as falling prices across a variety of markets, including foreign exchange (Forex), indices, commodities, exchange-traded funds (ETFs), and shares.
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | CySEC, FCA, FSCA |
| 💰 Minimum Deposit | $100 USD / R1600 ZAR |
| 📊 Average spreads from | 0.9 pips |
| 💹 Commissions from | No commission |
| 💳 Deposit / Withdrawal fees | $3 / R48 ZAR |
| 📊 Maximum leverage | 1:500 on average |
| 🔥 Bonus | $300 / R4800 ZAR Trading Bonus |
| ☎️ Customer support | 24/5 |
| 💳 Institutional Accounts | No |
| 💰 Deposit and Withdrawal Options | Bank Wire Transfer Local Transfers Credit/Debit Cards Neteller Skrill, and more |
| 📉 Tradable Assets | CFDs on commodities CFDs on indices Spot Metals Stock CFDs Stocks Forex |
| 📲 OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📒 Account Types | Micro, Advantage, Advanatge Plus, Standard, ECN, ECN Zero, Cent, Shares, Pro Account |
| 🇿🇦 ZAR accounts | Yes |
| ☎️ South African Telephone Number | No |
| 💰 Spreads | 0.1 pips |
| 👉Open Account | 👉 Open Account |
FXTM Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | FXTM charges a commission on stock and ETF trades, which varies depending on the account type. |
| 💹Spread | The cost is embedded in the spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | FXTM charges an inactivity fee of $5 per month after six months of inactivity. |
| ✔️Overnight Fee | Positions held overnight are subject to a swap fee, which is a financing charge applied daily. |
| 📌Currency Conversion Fee | If trading stocks or ETFs in a different currency than your account, a currency conversion fee may apply. |
| 💳Deposit/Withdrawal Fees | FXTM does not charge for most deposits and withdrawals, but there may be fees for certain withdrawal methods. |
| 🔘Market Data Fees | FXTM does not charge for market data. |
| 🔑Regulatory Fees | Any applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | FXTM does not charge any platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | FXTM does not impose an account maintenance fee, apart from the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great customer Service | Inactivity and withdrawal fees |
| Strong Educational tools for the beginner trader | High CFD fees |
| Fast account opening | Limited product range |
Our Findings
FXTM tends to be seen as an all-in-one web-based trading site that offers foreign exchange currencies, contracts for differences on indices, commodities like grains or oil, stock shares, and digital currencies.
Does FXTM work in South Africa?
Yes, FXTM is a safe broker for South African traders to trade.
How can I potentially gain exposure to the ETF market through FXTM?
While FXTM doesn’t offer direct ETF trading, you can explore CFDs on indices, which represent a basket of stocks similar to ETFs.
5. FXCM
FXCM is regulated by the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority of South Africa (FSCA), and the Cyprus Securities and Exchange Commission (CySEC).
Furthermore, FXCM provides negative balance protection for retail clients under selected regulated entities.
FXCM has offices in a wide variety of global locations, including Berlin and Sydney with more than 130’000 customer accounts registered worldwide
Min Deposit
USD 50
Regulators
FCA
Trading Platform
MT4, NinjaTrader, Trading Station
Crypto
Yes
Total Pairs
42
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FXCM, which stands for Forex Capital Markets, is one of the most significant foreign exchange (Forex) traders that offer ETF trading. FXCM’s ability to accommodate any foreign exchange traders, independent of other factors, is often regarded as one of the company’s strongest points.
After customers have completed the FXCM login process, in addition to the FXCM demo account, users have access to several other accounts as well.
FXCM is a UK-based broker that offers CFD trading on shares, stock indices, forex, commodities, and cryptos to a global market.
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | FCA, ASIC, ACPR, FSP |
| 💰 Minimum Deposit | $50 USD / R750 ZAR |
| 📊 Average spreads from | 1.3 pips |
| 💹 Commissions from | £4 / R80 ZAR per standard round-turn lot (£2 / R40 ZAR per side) |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:400 |
| 🔥 Bonus | $20 / R320 ZAR Welcome Bonus |
| ☎️ Customer support | 24/5 |
| 🚀 Sign Up Bonus | Yes |
| ☑️ Account Currency | USD, GBP, EUR |
| ➕ Copy Trading | Yes |
| ✅ Swap / Rollover Fee | No |
| 🔎 Account | Standard, Active Trader |
| 🖥️Trading Platforms | Trading Station, MetaTrader4, NinjaTrader |
| 🔁 Tradeable Instruments | 276 |
| 📈 Leverage | 1:30 |
| 📧 Email/SMS Alerts | Yes |
| 🖥️ Automated Trading | Yes |
| 👉Open Account | 👉 Open Account |
FXCM Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | FXCM charges a commission on stock and ETF trades, which varies depending on the account type. |
| 💹Spread | The cost is embedded in the spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | FXCM charges an inactivity fee of $50 after one year of inactivity. |
| ✔️Overnight Fee | Positions held overnight are subject to a swap fee, which is a financing charge applied daily. |
| 📌Currency Conversion Fee | If trading stocks or ETFs in a different currency than your account, a currency conversion fee may apply. |
| 💳Deposit/Withdrawal Fees | FXCM does not charge for most deposits and withdrawals, but there may be fees for certain withdrawal methods. |
| 🔘Market Data Fees | FXCM does not charge for market data. |
| 🔑Regulatory Fees | Any applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | FXCM does not charge any platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | FXCM does not impose an account maintenance fee, apart from the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Excellent educational resources for beginner traders | No Web Trader option available for trading platforms |
| Low minimum deposit requirement | Rudimentary mobile trading platform |
| Advanced research tools | Limited product portfolio |
| Excellent customer support |
Our Findings
FXCM serves as an all-encompassing online trading platform that provides forex options CFDs on indices commodities stocks and cryptos.
They have designed their platform with all levels of traders in mind; from newbies to experts who need a variety of tools and resources.
Does FXCM have a Zar account?
FXCM only offers accounts denominated in USD to South African traders.
Does FXCM have indices?
Yes. FXCM offers over a dozen stock indices allowing traders to trade their opinion of the US, European, Asian, and Australian markets.
6. XTB
XTB is regulated by the world’s biggest supervision authorities, including the FCA, KNF, CySEC, and IFSC.
Furthermore, XTB provides their clients with insurance purchased from Lloyd’s of London, with coverage of up to 1 million Euro, GBP, or AUD.
XTB is one of the largest, global stock exchange-listed FX & CFD brokers with more than 15 years of experience in the field.
XTB has offices in over 13 countries across the globe and provides clients with a proprietary trading platform plus dedicated customer support.
Using the xStation mobile app from XTB to trade ETFs can simplify the process.
Simply pressing a button grants you access to more than one hundred different instruments in a matter of seconds.
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders that use XTB have access to a comprehensive list of markets where they can engage and transact business.
Over one thousand five hundred global markets are available for trading, and these markets can be broken down into six distinct asset classes forex, indices, commodities, cryptocurrencies, equity CFDs, and exchange-traded funds (ETFs).
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | KNF, FCA, CySEC and IFSC |
| 💰 Minimum Deposit | $0 USD / R0 ZAR |
| 📊 Average spreads from | 1.02 pips |
| 💹 Commissions from | 0.08% of trade value with an $8 / R128 ZAR minimum |
| 💳 Deposit / Withdrawal fees | $30 /R480 on withdrawals of less than $50 / R800 ZAR |
| 📊 Maximum leverage | 1:500 |
| 🔥 Bonus | $40 / R640 ZAR |
| ☎️ Customer support | 24/5 |
| 🎉 Sign Up Bonus | Yes |
| 👨💼Account Types | Standard, Pro, and XTB Zero accounts |
| 💻Trading Platforms | XTB Trader, MetaTrader 4, MetaTrader 5 |
| 🔘Products Offered | Forex, CFDs on indices, shares, commodities, cryptocurrencies |
| 🛑 Inactivity Fee | $10 USD / R160 ZAR |
| 🇿🇦 ZAR accounts | Yes |
| 📈 CFD Markets | 1500+ |
| 📚Educational Resources | Webinars, market analysis, educational materials |
| ☪️ Islamic Account | Yes |
| 🔁 Execution Type | Market |
| 💻 Instruments | 2100+ |
| ✅ Segregated Accounts | Yes |
| 📞Customer Support | 24/7 |
| 👉Open Account | 👉 Open Account |
XTB Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | XTB charges a commission on stock and ETF trades, typically starting at 0.08% of the trade value. |
| 💹Spread | The cost is embedded in the spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | XTB charges an inactivity fee of €10 per month after 12 months of inactivity. |
| ✔️Overnight Fee | Positions held overnight are subject to a swap fee, which is a financing charge applied daily. |
| 📌Currency Conversion Fee | If trading stocks or ETFs in a different currency than your account, a currency conversion fee may apply. |
| 💳Deposit/Withdrawal Fees | XTB does not charge for most deposits and withdrawals, but there may be fees for certain withdrawal methods. |
| 🔘Market Data Fees | XTB provides free market data for stocks and ETFs. |
| 🔑Regulatory Fees | Any applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | XTB does not charge any platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | XTB does not impose an account maintenance fee, apart from the inactivity fee mentioned above |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Excellent educational resources for beginner traders | No Web Trader option available for trading platforms |
| Low minimum deposit requirement | Rudimentary mobile trading platform |
| Advanced research tools | Limited product portfolio |
| Excellent customer support |
Our Findings
XTB offers several trading platforms to meet the varying needs of traders.
With regulation from various financial authorities, they prioritize security and transparency.
XTB aims to provide easy-to-use online trading options while providing a variety of financial instruments such as forex, CFDs on indices, stocks, commodities, and cryptocurrency. Accessibility is their main goal.
Is XTB a good trading platform?
XTB offers a robust web trading platform that emphasizes user-friendliness and technical proficiency.
Can I buy shares on XTB?
To invest in shares you’ll need a broker to buy and sell shares on the stock market.
XTB offers 3000+ instruments from 16 major exchanges all over the world including the US, UK, and EU allowing you to choose between forex, indices, commodities, shares, and ETFs.
7. Saxo Bank
Traders with Saxo Bank have access to more than 6,400 exchange-traded funds across 30 different exchanges located all over the world, which enables them to trade using a variety of devices. investments.
Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Numerous monetary authorities from all over the world have granted Saxo Bank a license to operate.
The Financial Conduct Authority (FCA), the Swiss Federal Banking Commission, and the Bank of France are all examples of top-tier regulatory agencies.
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | FCA, Consob, Czech National Bank, Bank of the Netherlands, Monetary Authority of Singapore, FINMA, Bank of France, Central Bank of the UAE, FSA, Securities and Futures Commission of Hong Kong, ASIC |
| 💰 Minimum Deposit | $0 USD / R0 ZAR |
| 👥 Account Types | Saxo Account Joint account Corporate account Professional account Portfolio ased Margin account |
| ☪️ Islamic account (swap-free) | No |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:3000 |
| 💳 Deposit and Withdrawal Options | Bank wire transfer Credit and debit card |
| 📈 Tradable assets offered | Forex Bonds Equities ETFs Mutual Funds Options Futures CFDs (Depending on region) Cryptos |
| 📊 Platform Types | Saxo TraderGO |
| 🔥 Bonus | None |
| 💳 Deposit / Withdrawal fees | None |
| 🎉 Demo Account | Yes |
| 🖍️ Education for South African beginners | Yes |
| 💵 Account currencies | AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, TRY, SEK, SGD, ZAR, USD |
| 📶 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📙 Education | Webinars, market analysis, educational materials |
| 🇿🇦 ZAR accounts | Yes |
| ☎️ South African Telephone Number | 010 449 4445 |
| 🌐 Countries not accepted for trade | United States, India, South Africa, Nigeria, Brazil, Pakistan, Spain, Portugal, Mexico, Kenya |
| 💬 Languages supported on Website | Multiple |
| ⏲️ Customer Service Hours | 24/5 |
| 👉 Open an Account | 👉 Open Account |
Saxo Bank Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | Saxo Bank charges a commission on stock and ETF trades, which varies by market. For example, 0.10% for US stocks with a minimum fee of $10. |
| 💹Spread | The cost is included in the bid-ask spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | Saxo Bank charges an inactivity fee of $100 per quarter if no trades are made in that period. |
| ✔️Overnight Fee | Positions held overnight are subject to a financing charge, which is applied daily based on market rates. |
| 📌Currency Conversion Fee | Saxo Bank charges a currency conversion fee of 0.5% when trading stocks or ETFs in a different currency than your account. |
| 💳Deposit/Withdrawal Fees | Saxo Bank typically does not charge for deposits but may charge for certain withdrawal methods. |
| 🔘Market Data Fees | Saxo Bank charges for real-time market data for stocks and ETFs, with fees varying by exchange. |
| 🔑Regulatory Fees | Applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | Saxo Bank does not charge platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | Saxo Bank does not impose an account maintenance fee, other than the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Segregates client funds | Doesn’t allow hedging |
| Established in 2012 | Limited range of instruments |
| Regulated by Financial Conduct Authority | Not ASIC Regulated |
| Minimum deposit from $6,500 |
Our Findings
A prestigious online trading and investment platform around the world, Saxo Bank presents numerous financial instruments like forex, CFDs, ETFs, and shares.
Can I buy ETFs on Saxo?
Yes, the large variety of ETFs available in the Saxo platforms can enable you to tailor your portfolio according to your investment strategy and risk appetite
How does Saxo pay dividends?
Dividends are paid after deduction of any applicable dividend tax.
8. City Index
City Index provides investors with access to a comprehensive selection of exchange-traded funds (ETFs).
City Index is a supplier of foreign exchange (Forex) and contracts for difference (CFD) trading with headquarters in London, United Kingdom.
City Index is an award-winning, multi-asset financial services provider that offers exceptional execution speed, a global presence and Market-leading spreads on major indices.
Min Deposit
USD 0
Regulators
FCA
Trading Platform
MT4, WebTrader
Crypto
Yes
Total Pairs
84
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
City Index is a trading name used by GAIN Capital UK Limited.
GAIN Capital UK Limited is a company that is registered in England and Wales and is regulated by the Financial Conduct Authority.
CityIndex offers an award-winning proprietary Web Trader platform, MetaTrader4, and mobile apps for iOS and Android.
Trade a wide range of assets from a single position with our range of exchange-traded funds (ETFs).
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | FCA, RFED |
| 💰 Minimum Deposit | None |
| 📊 Average spreads from | 1.6 pips |
| 💹 Commissions from | $0.01 / R0.16 ZAR per trade |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:100 |
| 🔥 Bonus | None |
| ☎️ Customer support | 24/5 |
| 📊 Forex Pairs | 84 |
| 🪙 Inactivity fee | Yes |
| 🔁 Spreads from | 1.0 Pips |
| 🔎 Account | Standard and MT4 |
| 💻Trading Platforms | Web Trader platform, MetaTrader4 |
| 🆓 Demo Account | Yes |
| 🪙 Cryptocurrency | Yes |
| 📊 Spread Type | Variable |
| 🎉 Sign-Up Bonus | No |
| 📌 Spread Betting | Yes |
| ⚙️ Markets | 13'500+ |
| 📧 Email/SMS Alerts | Yes |
| 🇿🇦 ZAR accounts | Yes |
| ☎️ South African Telephone Number | 010 449 4445. |
| 👉Open Account | 👉 Open Account |
City Index Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | City Index charges a commission on stock and ETF trades, which varies by market. For example, $0.015 per share for US stocks with a minimum fee of $15. |
| 💹Spread | The cost is included in the bid-ask spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | City Index charges an inactivity fee of $12 per month if no trades are made in a 12-month period. |
| ✔️Overnight Fee | Positions held overnight are subject to a financing charge, which is applied daily based on market rates. |
| 📌Currency Conversion Fee | City Index charges a currency conversion fee of 0.3% when trading stocks or ETFs in a different currency than your account. |
| 💳Deposit/Withdrawal Fees | City Index typically does not charge for deposits but may charge for certain withdrawal methods. |
| 🔘Market Data Fees | City Index offers free real-time market data for stocks and ETFs, but additional premium data services may incur fees. |
| 🔑Regulatory Fees | Applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | City Index does not charge platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | City Index does not impose an account maintenance fee, other than the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great customer support | Could do with more research tools |
| Popular platform | No choices on trading platforms, the company has only one platform |
Our Findings
Several tradable instruments are offered by Capital Index, a forex and CFD broker.
It is worth mentioning that CFDs, their main product, however, are complex instruments and carry a high risk of losing your money although they enable one to access Forex, Indices, Commodities, Shares, and Cryptocurrencies among other markets.
What does the city index do?
City Index is a high-caliber provider of spread betting and CFD trading.
Is the City Index a market maker?
City Index acts as a market-maker for all 6,000+ of the markets we offer.
9. Admiral Markets
Admiral Markets fall under the regulatory authority of multiple high-security institutions. Regulators include CySEC and FCA.
Admirals offer trading platforms, teaching tools or resources, and other components necessary for online foreign exchange trading.
Admiral Markets operate under the Admirals trademark.
They are leading online trading service providers that offer investment services for trading with Forex and CFDs on indices, metals, energies, agricultures, stocks, ETFs, and bonds. Admiral Markets has an active presence in 130+ countries across the globe.
Min Deposit
USD 25
Regulators
CySEC, FCA
Trading Platform
MT4, MT5, WebTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Admirals are concerned with the business of providing investing and brokerage services in financial markets such as foreign exchange (Forex), stocks, exchange-traded funds (ETFs), futures, and contracts for difference (CFDs).
Admiral Markets was established in 2001, and it is authorized to conduct business in the European Union thanks to a license granted by the Estonian Financial Supervision Authority (EFSA) and regulation under MiFID.
Account base currencies include EUR, USD, GBP, and CHF amongst others. Accounts on offer are available with either the MetaTrader4 or MetaTrader5 trading platforms.
Features
| ⭐ Features | ℹ️ Information |
| 🏛️ Regulation | CySEC, FCA, ASIC |
| 💰 Minimum Deposit | USD 25 / R 461 ZAR |
| 📊 Average spreads from | 0.75 pips |
| 💹 Commissions from | No commission on stocks and ETFs |
| 💳 Deposit / Withdrawal fees | $5 / R80 ZAR |
| 📊 Maximum leverage | 1:30 |
| 🔥 Bonus | $50 / R800 ZAR Welcome Offer And $50 / R800 ZAR Per Referral |
| ☎️ Customer support | 24/5 - multilingual |
| 📌 Account Type | Trade.MT5, Zero.MT5, Trade.MT4, Zero.MT4 |
| ⚙️ Trading Instruments | Currencies, Metal CFDs, Commodities, Stock CFDs |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🤖 Trading Robots | Yes |
| ➖ Min. Trade | 0.01 lots |
| 💳 Withdrawal and Deposit Options | iBank / BankLink, Neteller, Skrill, PayPal, Bank Transfer, Klarna, Visa / Mastercard, SafetyPay, Przelewy, iDeal |
| 💵 Account currencies | ARS, AUD, BGN, CHF,CZK, HKD, HRK, HUF, NOK, NZD, PLN, RON, RUB, SEK, SGD. |
| 💻Trading Platforms | MT4, MT5, and WebTrader |
| 📧Email address | southafrica@admiralmarkets.com |
| ☑️ SA Traders Accepted | Yes |
| 📙 Education | Webinars, market analysis, educational materials |
| ☎️ South African Telephone Number | +27 12 004 1882 |
| 👉 Open an Account | 👉 Open Account |
Admiral Markets Stock and ETF Trading Fees
| 🔍Fee Type | ℹ️ Description |
| 📈Commission Fee | Admiral Markets charges a commission on stock and ETF trades, which varies by account type. For example, $0.02 per share for Invest.MT5 accounts with a minimum fee of $1.00. |
| 💹Spread | The cost is included in the bid-ask spread, which varies depending on the stock or ETF being traded. |
| ⬇️Inactivity Fee | Admiral Markets charges an inactivity fee of $10 per month if no trades are made in a 24-month period. |
| ✔️Overnight Fee | Positions held overnight are subject to a financing charge, which is applied daily based on market rates. |
| 📌Currency Conversion Fee | Admiral Markets charges a currency conversion fee of 0.3% when trading stocks or ETFs in a different currency than your account. |
| 💳Deposit/Withdrawal Fees | Admiral Markets typically does not charge for deposits but may charge for certain withdrawal methods. |
| 🔘Market Data Fees | Admiral Markets offers free real-time market data for stocks and ETFs, but additional premium data services may incur fees. |
| 🔑Regulatory Fees | Applicable regulatory fees, such as SEC fees for U.S. stocks, are passed on to the trader. |
| 📱Platform Fees | Admiral Markets does not charge platform fees for accessing its trading platforms. |
| 📍Account Maintenance Fee | Admiral Markets does not impose an account maintenance fee, other than the inactivity fee mentioned above. |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Segregated client accounts | No fixed spread accounts |
| Zero-pip spreads on certain accounts | Fractional share trading is not offered |
| Large range of financial instruments | Inactivity fees apply |
| MetaTrader 4 and 5 | Limited Account Types for Beginners |
| Comprehensive educational material | Limited Customer Support |
Our Findings
Admiral Markets broker that provides user-friendly trading conditions, quality education material, and research tools. They are leading online trading service providers that offer investment services for trading
Is Admiral Markets regulated in South Africa?
Admiral Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, providing a level of protection for South African traders.
What trading platforms does Admiral Markets offer?
Admiral Markets offers a variety of platforms to suit different trading styles, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Admiral Markets Supreme Edition, which is a customized version of MT4 with additional features.
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Conclusion
An Exchange Traded Fund, often known as an ETF, is a type of investment that is traded on stock exchanges and tracks an index.
ETFs hold assets such as stocks, commodities, or bonds and divide ownership of those assets into shares.
In general, an ETF is an attractive investment instrument due to its low cost, higher liquidity, and various winning features of stocks; at the same time, the ETF keeps the asset price close to its net asset value.
Frequently Asked Questions
Which order type is best for ETF?
Limit order: Gives you control, but may not be filled. A limit order is an order to buy or sell an ETF at a specified price. Unlike market orders, limit orders prioritize price over speed of execution. As their name implies, they enable investors to set a limit on the price of their purchase or sale.
What is a good ETF ratio?
A good rule of thumb is to not invest in any fund with an expense ratio higher than 1% since many ETFs have much lower expense ratios.
How long should you hold ETFs?
If you hold ETF shares for one year or less, then the gain is short-term capital gain. If you hold ETF shares for more than one year, then the gain is long-term capital gain.
Can an ETF go to zero?
For most standard, unleveraged ETFs that track an index, the maximum you can theoretically lose is the amount you invested, driving your investment value to zero.
How to invest in South Africa using ETFs
The easiest way to invest in the whole South African stock market is to invest in a broad market index. This can be done at a low cost by using ETFs.
what are ETF forex brokers?
The ETF is a type of investment fund that tracks underlying assets like indices, bonds, and commodities and divides ownership of those assets into shares. ETFs are traded on an exchange, and their value shifts during the day, due to buying and selling actions done by the traders.
Can You trade ETF on MT4/MT5?
MetaTrader5 is the favorite choice for ETF traders around the globe.
What is the difference between ETF and CFD trading?
CFDs are financial derivatives that allow traders to speculate on the price movements of an underlying asset without actually owning the asset. ETFs, on the other hand, are investment funds that hold a basket of assets and are traded on stock exchanges like stocks.
Is the S&P 500 an ETF or CFD?
The S&P 500 is neither an ETF nor a CFD, it is an index that tracks the performance of the 500 largest publicly traded companies in the US stock market. However, some ETFs and CFDs track the performance of the S&P 500 index.
How does ETF trading work?
The popularity of trading ETFs can be attributed to the fact that it combines the benefits of stock trading with mutual funds’ diversification. How they are bought or sold resembles that of stocks; this makes them an efficient way to take advantage of broader trends in the market because they mirror the composition of some index or sector. Such an example is the US 500 index which enables one to speculate on broader markets through ETFs.
Are ETFs good for beginners?
Trading ETFs is a perfect way for a beginner to become familiar with the markets and begin their trading career. This is because ETFs feature low costs, excellent liquidity, diversification, a broad choice of investments, and a low initial capital requirement.
Can you make money trading ETFs?
Because ETFs are bought and sold similarly to stocks or other asset classes they can be used to make profits. However, they do not guarantee profits. A loss can be incurred from an ETF trade just as it can from any other type of trading. So it is important to understand the ETF you’re buying before investing.
