The 10 Best FCA Regulated Forex Brokers revealed. We have rated and reviewed the Best Forex Brokers regulated by the Financial Conduct Authority (UK).
This is a complete listing of The 10 Best FCA Regulated Forex Brokers. In this in-depth write-up, you will learn:
- A Top 10 FCA Regulated Brokers List
- FCA Regulated Firms – Checked and Confirmed
- Best FCA Regulated Brokers Accepting South African Traders
- FCA Regulated MT4 and MT5 Brokers in SA
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Best FCA Regulated Forex Brokers in 2025 – A Comparison
🔎 Broker | 📌 FCA Regulation | 🚀 Open an Account | 💯 FCA Licence Number | 💰 Minimum Deposit |
🥇 IG | Yes | 👉 Open Account | 195355 | $0 USD / 0 ZAR |
🥈 Pepperstone | Yes | 👉 Open Account | 684312 | $0 USD / 0 ZAR |
🥉 XTB | Yes | 👉 Open Account | 522157 | $0 USD / 0 ZAR |
🥇 CMC Markets | Yes | 👉 Open Account | 173730 | $0 USD / 0 ZAR |
🥈 City Index | Yes | 👉 Open Account | - | $0 USD / 0 ZAR |
🥉 FXPro | Yes | 👉 Open Account | 509956 | $100 USD / 1806 ZAR |
🥇 HFM | Yes | 👉 Open Account | 801701 | $0 USD / 0 ZAR |
🥈 Tickmill | Yes | 👉 Open Account | 717270 | $100 USD / 1806 ZAR |
🥉 Exness | Yes | 👉 Open Account | 730729 | $10 USD / 184 ZAR |
🥇 Plus500* | Yes | 👉 Open Account | 509909 | $100 USD / 1806 ZAR |
Financial Conduct Authority (FCA) – A Definition
The Financial Conduct Authority, or FCA, is a financial regulatory body in the United Kingdom responsible for the functioning of the UK financial markets.
10 Best FCA Regulated Forex Brokers (2025)
- ☑️IG Group – Overall, Best FCA Regulated Forex Broker.
- ☑️Pepperstone – Highly regarded for its low spreads.
- ☑️XTB – Wide range of instruments.
- ☑️CMC Markets – Excellent advanced trading platform.
- ☑️City Index – Low minimum deposit.
- ☑️FxPro – Strong regulatory standing.
- ☑️HFM – Wide range of account types.
- ☑️Tickmill – Ultra-low spreads, fast trade execution.
- ☑️Exness – Excellent customer support.
- ☑️Plus500 – Commission-free trading.
1. IG Group
Overview
IG Group is one of the top FCA-regulated brokers because of its listed instruments, low spreads, and two-tier trading platforms.
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
It also provides good educational services, which makes it suitable for new and professional traders.
Features
🔎Broker | IG |
Company Information | |
📅 Year Founded | 1974 |
Current CEO | June Felix |
Founder/s | Stuart Wheeler |
🧑🏻💻 Amount of staff | Over 1,500 |
👩💻 Amount of active traders | Over 239,000 globally |
🌐 Publicly Traded (Listed Company) | Yes (London Stock Exchange - IGG) |
Regulation and Security | |
🛡️ Regulation | FCA, ASIC, FSCA, MAS, CFTC |
🌎 Country of regulation | UK, Australia, South Africa, Singapore, USA |
💻 Account Segregation | Yes |
🪫 Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋 Investor Protection Schemes | UK FSCS (up to £85,000) |
Account Types and Features | |
➕ Accounts | Standard, Limited Risk, Share Trading, Spread Betting |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | No |
📇 Minor account currencies | USD, GBP, EUR, ZAR, others |
💰 Minimum Deposit | $250 |
Trading Conditions | |
🕞 Average deposit/withdrawal processing time | 1-3 business days |
🪙 Fund Withdrawal Fee | No fees |
📊 Spreads from | 0.6 pips on EUR/USD |
💸 Commissions | None on Forex (only spreads) |
💱 Number of base currencies supported | 6+ (USD, GBP, EUR, ZAR, etc.) |
🚀 Swap Fees | Yes (overnight fees) |
📈 Leverage | Up to 1:30 (retail clients) |
📏 Margin requirements | Depends on asset |
☪️ Islamic account (swap-free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | 0.1 seconds (average) |
📆 VPS Hosting | No |
Trading Instruments | |
🧾 CFDs-Total Offered | Over 17,000 |
🗠 CFD Stock Indices | 80+ |
⚖️ CFD Commodities | 35+ |
📜 CFD Shares | 12,000+ |
Watch list | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳 Deposit Options | Credit/Debit card, Bank Transfer, PayPal |
💵 Withdrawal Options | Credit/Debit card, Bank Transfer, PayPal |
Welcome Bonus | No |
Trading Platforms and Tools | |
💻 Trading Platforms | IG Proprietary, MetaTrader 4, ProRealTime, L2 Dealer |
👩💻 OS Compatibility | Windows, macOS, iOS, Android |
🖥️ Forex trading tools | Charts, Indicators, Autochartist |
Customer Support | |
🗣️ Live chat availability | Yes |
📱 Customer Support email address | helpdesk.uk@ig.com |
📞 Customer Support Contact Number | +44 20 7633 5430 |
👾 Social media Platforms | Facebook, Twitter, LinkedIn, Instagram |
🗣️ Languages supported on Website | English, Spanish, French, others |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺 Forex course | Yes |
🧏♀️ Webinars | Yes |
📚 Educational Resources | Yes |
Partnerships and Programs | |
🪪 Affiliate program? | Yes |
👨🏫 Amount of partners | Not specified |
📋 IB Program | Yes |
🏃♂️➡️ Do they sponsor any notable events or teams? | No |
🪙 Rebate program | Yes |
Commission Fee | Varies (based on the asset class) |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official YouTube Channel | Yes |
Official LinkedIn Page | Yes |
Official Instagram Page | Yes |
Official Website address | www.ig.com |
South African Trader Specific Information | |
Does IG Accept South African Traders? | Yes |
Is IG regulated by the South African regulatory body (FSCA)? | Yes |
Does IG offer an Affiliate Program for South African Traders? | Yes |
Does IG allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Regulation
IG is well-regulated by multiple leading global entities, including:
- Financial Conduct Authority (FCA) – United Kingdom FCA License Number: 195355
- Australian Securities and Investments Commission (ASIC) – Australia ASIC License Number: 220440
- Financial Sector Conduct Authority (FSCA) – South Africa FSCA License Number: 41393
- Monetary Authority of Singapore (MAS) – Singapore MAS License Number: CMS100917
- Commodity Futures Trading Commission (CFTC) – United States CFTC Registration Number: 0509630
Pros and Cons
✅ Pros | ❌Cons |
The FCA enforces strict regulatory standards, ensuring IG follows best practices in client fund protection, data security, and transparency. | The FCA imposes leverage limits (up to 1:30 for retail traders), which may limit profit potential for traders who prefer higher leverage options. |
Segregated Client Accounts | Strict Regulatory Requirements |
Fair Trading Environment | Slower Account Processes |
Our Findings
IG offers more than 17,000 financial instruments, including CFDs and FX, with a simple and effective trading interface and amenities.
Its low deposit requirement helps to make the trading experience smoother and easier, and most importantly, it offers good customer relations support.
2. Pepperstone
Overview
Pepperstone is one of the largest regulated Forex Brokers in the World.
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone offers access to market-leading trading platforms, trusted support, and award-winning educational resources.
Features
🔎Broker | Pepperstone |
Company Information | |
📅Year Founded | 2010 |
Current CEO | Chris Perry |
Founder/s | Chris Perry, Nick Madden |
🧑🏻💻Amount of staff | 300+ |
👩💻Amount of active traders | 150,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, FCA, DFSA, IIROC, MAS |
🌎Country of regulation | Australia, United Kingdom, Dubai, Canada, Singapore |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋Investor Protection Schemes | Yes (varies by jurisdiction) |
Account Types and Features | |
➕Accounts | Standard, Razor, Swap-Free |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | Yes (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) |
💰Minimum Deposit | $200 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Same-day |
🪙Fund Withdrawal Fee | No fee |
📊Spreads from | 0.0 pips |
💸Commissions | Varies by account type |
💱Number of base currencies supported | 8 |
🚀Swap Fees | Varies by instrument |
📈Leverage | Up to 500:1 |
📏Margin requirements | Vary by instrument |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Fast execution |
📆VPS Hosting | Available |
Trading Instruments | |
🧾CFDs-Total Offered | 1,200+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 40+ |
📜CFD Shares | 7,000+ |
Watch list | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, PayPal, Skrill, Neteller, UnionPay |
💵Withdrawal Options | Credit/debit cards, bank transfers, PayPal, Skrill, Neteller, UnionPay |
Welcome Bonus | No |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5 |
👩💻OS Compatibility | Windows, Mac, Android, iOS |
🖥️Forex trading tools | Economic calendar, charting tools, news feed, sentiment analysis |
Customer Support | |
🗣️Live chat availability | 24/5 |
📱Customer Support email address | support@pepperstone.com |
📞Customer Support Contact Number | +61 3 9039 6300 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
🗣️Languages supported on Website | English, Chinese, French, German, Italian, Japanese, Portuguese, Spanish |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, guides, videos |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 10,000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes (e.g., Pepperstone Racing) |
🪙Rebate program | Yes (for Introducing Brokers) |
💸Commission Fee | Varies by account type and trading volume |
Social Platforms | |
Official Facebook Page | https://www.facebook.com/Pepperstonefx/ |
Official Twitter Page | https://twitter.com/pepperstonefx?lang=en |
Official Youtube Channel | https://www.youtube.com/channel/UCrNLfyB-wvPotj4RHR_dcSA |
Official Linkedin Page | https://au.linkedin.com/company/pepperstone |
Official Instagram Page | https://www.instagram.com/pepperstonefx/ |
Official Website address | https://pepperstone.com/en-au/ |
South African Trader Specific Information | |
Does Pepperstone Accept South African Traders? | Yes |
Is Pepperstone regulated by the South African regulatory body (FSCA)? | No |
Does Pepperstone offer an Affiliate Program for South African Traders? | Yes |
Does Pepperstone allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Regulation
Pepperstone is regulated by the following authorities:
- Australian Securities and Investments Commission (ASIC) – Australia ASIC License Number: 414530
- Financial Conduct Authority (FCA) in the United Kingdom – United Kingdom FCA License Number: 684312
- Dubai Financial Services Authority (DFSA) – Dubai DFSA License Number: F004356
- Investment Industry Regulatory Organization of Canada (IIROC) – Canada IIROC License Number: 21-128
- Monetary Authority of Singapore (MAS) – Singapore MAS License Number: CMS100648-1
Pros and Cons
✅ Pros | ❌ Cons |
Fast Account Opening | Mostly CFDs Offered |
Excellent Customer Support | Basic MetaTrader Platform |
Negative Balance Protection | No Managed Accounts |
Our Findings
Pepperstone is a leading international forex trading company characterized by capped competitive spreads, speed, and high flexibility, as well as an optimized choice of trading tools.
From its operation in Australia and being managed by a competent and professional workforce, including from its registered office in Australia, overseen by several Tier one financial jurisdictions within a short time in Australia, Cyprus, and the United Kingdom, it is made very easy for users to access a safe trading platform in Pepperstone.
3. XTB
Overview
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.
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
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.
Features
Company Information | |
📅Year Founded | 2002 |
🧑🏻💻Amount of staff | 1,105 |
👩💻Amount of active traders | 1,000,000+ |
🌐Publicly Traded (Listed Company) | Yes |
Regulation and Security | |
🛡️Regulation | FCA, CySEC, KNF, IFSC, FSCA |
🌎Country of regulation | UK |
💻Account Segregation | Yes |
🪫Negative balance protection | No |
🔋Investor Protection Schemes | FSCS (Financial Services Compensation Scheme) up to £85,000 per person. |
Account Types and Features | |
➕Accounts | Standard Account (commission-free, floating spreads) |
💳Institutional Accounts | Not offered |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | USD, EUR, GBP |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free above 50 USD |
📊Spreads from | 0.5 pips |
💸Commissions | Free for CFDs, 0.2% min. 10 EUR for stocks (over 100,000 EUR monthly turnover) |
💱Number of base currencies supported | 5 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:500 (depending on instrument) |
📏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 1700+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes, Popular commodities (e.g., gold, oil, natural gas) |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
💵Withdrawal Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
Trading Platforms and Tools | |
💻Trading Platforms | xStation platform, mobile app and MT4 |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | sales_int@xtb.com |
📞Customer Support Contact Number | +357 257 25356 |
👾Social media Platforms | Facebook, YouTube, Instagram, Twitter |
🗣️Languages supported on Website | English, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish, Spanish |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly known |
📋IB Program | Not offered in UK/EU. Affiliate program is offered instead. |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes, commissions are offered through the affiliate program. |
South African Trader Specific Information | |
Does XTB Accept South African Traders? | Yes, XTB accepts South African traders. |
Is XTB regulated by the South African regulatory body (FSCA)? | Yes, They are regulated by the South African Financial Sector Conduct Authority (FSCA) [XTB gains regulatory license in South Africa]. |
Does XTB offer an Affiliate Program for South African Traders? | Yes, XTB offers an affiliate program, and South African traders can participate. |
Does XTB allow opening trading accounts in ZAR (South African Rand)? | No |
👉Open Account | Open Account |
Regulation
XTB is regulated by the following authorities:
- XTB is regulated by the world’s biggest supervision authorities, including the FCA, KNF, CySEC, and IFSC.
Pros and Cons
✅ Pros | ❌ Cons |
Strong regulation in multiple regions (e.g., FCA, CySEC) | Not available in the US or Canada |
Tight spreads and low commission accounts for certain regions | Fees on stock CFDs can be higher compared to some competitors |
xStation 5 and MetaTrader 4 (MT4) for various trader levels | Fewer account options compared to some brokers |
Offers comprehensive training materials and market analysis | Does not offer MT5 platform, which some traders may prefer |
Reliable and fast order execution with no dealing desk intervention | Lacks promotional bonuses or incentives |
Accessible to beginners as no minimum deposit is required | Charges an inactivity fee after 12 months of no trading activity |
Offers Forex, commodities, indices, stocks, and cryptocurrency CFDs | Market research tools, though solid, are less comprehensive than some competitors |
Provides multilingual customer support via live chat, email, and phone | Regulated regions have lower leverage limits, particularly in Europe |
Ensures that clients cannot lose more than their account balance | Charges fees on withdrawals below a specific threshold |
Our Findings
XTB prioritizes the safety and security of its clients, ensuring a secure trading experience through robust regulatory oversight and advanced technology
4. CMC Markets
Overview
CMC Markets is praised for its advanced trading platform and diverse range of forex pairs.
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
It also provides in-depth market analysis and tools for professional traders while maintaining no minimum deposit requirement.
Features
🔎Broker | CMC Markets |
Company Information | |
📅 Year Founded | 1989 |
Current CEO | Lord Kirkpatrick |
Founder/s | Peter Cruddas |
🧑🏻💻 Amount of Staff | Approximately 1,500 |
👩💻 Amount of Active Traders | Over 50,000 active traders |
🌐 Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange |
Regulation and Security | |
🛡️ Regulation | FCA (Financial Conduct Authority) |
🌎 Country of Regulation | United Kingdom |
💻 Account Segregation | Yes, client funds are held in segregated accounts |
🪫 Negative Balance Protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋 Investor Protection Schemes | Yes, eligible for Financial Services Compensation Scheme (FSCS) |
Account Types and Features | |
➕ Accounts | Standard, Professional |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | Yes |
📇 Minor Account Currencies | Multiple (including ZAR, EUR, GBP, USD, etc.) |
💰 Minimum Deposit | $0 (for standard account) |
Trading Conditions | |
🕞 Average Deposit/Withdrawal Processing Time | 1-3 business days for withdrawals |
🪙 Fund Withdrawal Fee | None |
📊 Spreads From | From 0.7 pips |
💸 Commissions | No commissions on forex trades; spreads apply |
💱 Number of Base Currencies Supported | 10+ |
🚀 Swap Fees | Applicable (depends on position and instrument) |
📈 Leverage | Up to 1:500 (varies by instrument) |
📏 Margin Requirements | Depends on the instrument; generally 0.2% - 2% |
☪️ Islamic Account (Swap-Free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | Typically 100 ms or less |
📆 VPS Hosting | Yes, available for clients |
Trading Instruments | |
🧾 CFDs - Total Offered | Over 10,000 |
🗠 CFD Stock Indices | Yes, multiple global indices available |
⚖️ CFD Commodities | Yes, including metals, energy, and agriculture |
📜 CFD Shares | Yes |
Watch List | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳 Deposit Options | Bank transfer, credit/debit cards, PayPal |
💵 Withdrawal Options | Bank transfer, credit/debit cards |
Welcome Bonus | Not commonly offered |
Trading Platforms and Tools | |
💻 Trading Platforms | CMC Markets Trading Platform, MT4 |
👩💻 OS Compatibility | Windows, macOS, iOS, Android |
🖥️ Forex Trading Tools | Advanced charting tools, trading signals |
Customer Support | |
🗣️ Live Chat Availability | Yes |
📱 Customer Support Email Address | support@cmcmarkets.com |
📞 Customer Support Contact Number | +44 20 7170 8200 |
👾 Social Media Platforms | Facebook, Twitter, LinkedIn, Instagram |
🗣️ Languages Supported on Website | English, Spanish, French, German, and more |
Educational Resources and Support | |
Beginners Trader Friendly UX | Yes |
🖺 Forex Course | Yes, various online courses available |
🧏♀️ Webinars | Yes, regular webinars on trading strategies |
📚 Educational Resources | Extensive library available |
Partnerships and Programs | |
🪪 Affiliate Program? | Yes |
👨🏫 Amount of Partners | Multiple partners globally |
📋 IB Program | Yes |
🏃♂️➡️ Do They Sponsor Notable Events/Teams? | Yes, various sponsorships |
🪙 Rebate Program | Yes |
Commission Fee | N/A (no commissions on forex trades) |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official YouTube Channel | Yes |
Official LinkedIn Page | Yes |
Official Instagram Page | Yes |
Official Website Address | Yes |
South African Trader Specific Information | |
Does CMC Markets Accept South African Traders? | Yes |
Is CMC Markets Regulated by FSCA? | No, regulated by FCA (UK) |
Does CMC Markets Offer an Affiliate Program for South African Traders? | Yes |
Does CMC Markets Allow Opening Trading Accounts in ZAR? | Yes (depends on the account type) |
👉 Open Account | 👉Open Account |
Regulation
CMC Markets is well-regulated by multiple leading global entities, including:
- Financial Conduct Authority (FCA) – United Kingdom FCA License Number: 173730
- Australian Securities and Investments Commission (ASIC) – Australia ASIC License Number: 238054
- Monetary Authority of Singapore (MAS) – Singapore MAS License Number: CMS100246
- Financial Sector Conduct Authority (FSCA) – South Africa FSCA License Number: 30209
- New Zealand Financial Markets Authority (FMA) – New Zealand FMA License Number: FSP195135
Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated by strict entities | US clients not accepted |
Client funds kept in segregated accounts | Spreads are marked-up |
FSCS member | Fixed spreads not provided |
MetaTrader 4 Nextgen supported | No social trading |
Our Findings
CMC Markets is an international online trading company that provides CFDs, forex, and share trading services.
It is renowned for its hi-tech and offering of educational tools for people intending to trade in the marketplace alongside those with considerable experience in the market.
5. City Index
Overview
City Index, founded in 1983, was a pioneering spread betting company in the United Kingdom. City Index moved into CFD (Contract for Difference) trading as the financial environment shifted in 2001.
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
This reputed broker is also tightly regulated, with licenses from top-tier nations like the UK’s Financial Conduct Authority (FCA). This provides traders with great peace of mind in a well-supervised environment.
Features
Company Information | |
📅Year Founded | 1983 |
🧑🏻💻Amount of staff | Over 3,000 |
👩💻Amount of active traders | Over 1 million |
🌐Publicly Traded (Listed Company) | Yes (Part of StoneX Group, listed on NASDAQ) |
Regulation and Security | |
🛡️Regulation | FCA, ASIC, MAS |
🌎Country of regulation | UK, Australia, Singapore |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes, City Index offers negative balance protection to help ensure clients cannot lose more than the funds deposited in their account. |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard Account, MT4 Account |
💳Institutional Accounts | Not available for retail traders |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | EUR/GBP, EUR/AUD, GBP/JPY, EUR/JPY, AUD/JPY |
💰Minimum Deposit | From $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 3-10 business days |
🪙Fund Withdrawal Fee | Yes, City Index may charge a withdrawal fee depending on the withdrawal method and currency |
📊Spreads from | 0.5 pips |
💸Commissions | Yes |
💱Number of base currencies supported | 100 units |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:30 |
📏Margin requirements | 3.3% |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | fast (average under seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 6,000 |
🗠CFD Stock Indices | Over 20 |
⚖️CFD Commodities | Over 25 |
📜CFD Shares | 6,300+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.) |
💵Withdrawal Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | Web Trader, Mobile App (iOS & Android), TradingView, MT4 |
👩💻OS Compatibility | Web Trader, Mobile App (iOS & Android), TradingView, MT4 |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, 24/5 |
📱Customer Support email address | support.uk@cityindex.com - Singapore: support.sg@cityindex.com - Australia: support.au@cityindex.com |
📞Customer Support Contact Number | UK: 0203 194 1801 Australia: 1800 354 182 |
👾Social media Platforms | Facebook, Twitter |
🗣️Languages supported on Website | English |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not displayed |
📋IB Program | Not offered |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, City Index has sponsorship deals with some notable sporting teams. For instance, they have a three-year partnership with the Sydney Roosters NRL and NRLW programs [Roosters Announce New NRL and NRLW Partnership with City Index]. |
🪙Rebate program | Yes, earn monthly cash rebates |
South African Trader Specific Information | |
Does City Index Accept South African Traders? | No |
Is City Index regulated by the South African regulatory body (FSCA)? | No |
Does City Index offer an Affiliate Program for South African Traders? | No |
Does City Index allow opening trading accounts in ZAR (South African Rand)? | No |
👉Open Account | Open Account |
Regulation
City Index is regulated by the following authorities:
- Canadian Investment Regulatory Organization (CIRO)
- Cyprus Securities & Exchange Commission (CySEC)
- The National Futures Association (NFA)
- Commodities Futures Trading Commission (CFTC)
- Cayman Islands Monetary Authority (CIMA)
- Financial Conduct Authority (FCA)
- The Securities and Futures Commission (SFC)
- The Monetary Authority of Singapore (MAS)
- The Australian Securities and Investments Commission (ASIC)
Pros and Cons
✅ Pros | ❌Cons |
Low Forex Fees | Limited Product Portfolio |
Fast Account Opening | High Stock CFD fees |
Diverse research tools | Limited account selection |
Our Findings
According to our research, City Index is an established and dependable broker that distinguishes itself through its competitive pricing, superior market research, and meticulously crafted in-house trading platform.
6. FxPro
Overview
FxPro is a Forex Service Provider with a long history in the financial markets.
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
It offers Contracts for Difference (CFDs) on six asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy.
Features
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 |
Regulation
FxPro is well-regulated by multiple leading global entities, including:
- Financial Conduct Authority (FCA): Registration number 509956
- Cyprus Securities and Exchange Commission (CySEC): License number 078/07
- Financial Sector Conduct Authority (FSCA): Authorization number 45052
- Securities Commission of The Bahamas (SCB): License number SIA-F184
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 is known for its tight spreads, superior trading platforms, and efficient customer relations.
Nevertheless, the users have pointed out small platform problems and the availability of fewer research resources.
In summary, FxPro is a good option for professional traders who are looking for a wider choice of trading tools.
7. HFM
Overview
The strength of HFM is the variety of trading instruments available, favorable trading conditions, and effective trading platforms.
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
Both traders starting with low amounts of capital and those who need more assistance should also consider this broker due to considerable minimum deposits and excellent customer service.
Features
🔎Broker | 🥇HFM |
Company Information | |
👨💼 Year Founded | 2010 |
👩💼👨💼 Current CEO | George Koumantaris |
👩💼👨💼 Founder/s | George Koumantaris, Marcos Kappos |
👥 Amount of staff | 200+ globally |
👨💻 Amount of active traders | Over 2 million |
📈 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🇬🇧 Regulation | FCA (UK), FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FSA (Seychelles) |
🇬🇧 Country of regulation | United Kingdom, South Africa, Cyprus, Dubai, Seychelles |
💼 Account Segregation | Yes, client funds are kept in segregated accounts |
🚫 Negative balance protection | Yes, available to retail clients |
🔐 Two-step Authentication | Yes, supports 2FA for extra account security |
🛡️ Investor Protection Schemes | Yes, clients are protected under the Investor Compensation Fund (ICF) in Europe |
Account Types and Features | |
🏦 Institutional Accounts | Yes, available for institutional clients |
📊 Managed Accounts | Yes, PAMM and MAM accounts are offered |
💱 Minor account currencies | USD, EUR, ZAR, NGN, GBP, and more |
💰 Minimum Deposit | USD 0 / 0 ZAR |
Trading Conditions | |
⏳ Average deposit/withdrawal processing time | Deposits: Instant; Withdrawals: 1-3 business days |
💵 Fund Withdrawal Fee | No fees for most methods, but some third-party charges may apply |
📉 Spreads from | As low as 0.1 pips on the Zero Spread account |
💸 Commissions | $3 per lot on Zero Spread accounts |
🌍 Number of base currencies supported | 10+ (including USD, EUR, ZAR, NGN, and GBP) |
📈 Swap Fees | Swap fees vary by instrument, but Islamic (swap-free) accounts are available |
📈 Leverage | Up to 1:1000 depending on the jurisdiction and account type |
📊 Margin requirements | Starting at 0.5%, varies by asset class and leverage level |
🌙 Islamic account (swap-free) | Yes, available for all account types |
🎓 Demo Account | Yes, unlimited free demo accounts |
⏱️ Order Execution Time | < 1 second on average |
☁️ VPS Hosting | Yes, free VPS for qualifying traders |
🌍 Global Offices | Multiple locations worldwide: Cyprus, UK, Dubai, South Africa, Seychelles |
👆 One-Click Trading | Yes, available on MT4 and MT5 platforms |
🤖 Expert Advisors | Yes, fully supported on MT4 and MT5 |
Trading Instruments | |
📊 CFDs-Total Offered | 1,200+ CFDs |
📈 CFD Stock Indices | Yes, 15+ indices available |
🛢️ CFD Commodities | Yes, includes Gold, Oil, and Silver |
📉 CFD Shares | Yes, 50+ global stocks |
👀 Watch list | Yes, customizable watchlists |
🔔 Trade Alerts | Yes, available through the platforms |
📈 Trading Stocks with GP | Yes, stock trading is available via CFDs |
📊 Trading Indices with GP | Yes, index trading via CFDs available |
🛠️ Swap on trading board | Yes, swaps are visible on the trading platforms |
Deposits and Withdrawals | |
💳 Deposit Options | Credit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller), Crypto |
💸 Withdrawal Options | Bank Transfer, Credit/Debit Card, E-wallets (Skrill, Neteller), Crypto |
🎁 Welcome Bonus | Yes, 100% SuperCharged Bonus available |
Trading Platforms and Tools | |
💻 Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM mobile app |
🚦 Stop-loss Instrument | Yes, fully supported |
🛡️ Investor Protection Schemes | Yes, as per regulation, compensation schemes apply |
🖥️ OS Compatibility | Windows, Mac, Linux, Android, iOS |
🔧 Forex trading tools | Yes, Autochartist, Trading Central, and more |
💬 Customer Support | |
💬 Live chat availability | Yes, 24/5 live chat support |
📧 Customer Support Email address | support@hfm.com |
📞 Customer Support Contact Number | +44 123 456 7890 |
🌐 Languages supported on HFM Website | English, Afrikaans, Arabic, Chinese, and more |
Educational Resources and Support | |
👍 Beginners Trader friendly UX | Yes, beginner-friendly platform design |
📚 Forex course | Yes, free educational courses available |
🖥️ Webinars | Yes, regular free webinars provided |
📖 Educational Resources | Yes, includes tutorials, eBooks, and market analysis |
Partnerships and Programs | |
🤝 Affiliate program? | Yes, generous affiliate program offered |
🤝 Amount of partners | 1,000+ affiliates globally |
📈 IB Program | Yes, multi-tier IB (Introducing Broker) program available |
⚽ Do they sponsor any notable events or teams? | Yes, HFM sponsors various sports teams and events |
💰 Rebate program | Yes, rebate program for active traders |
🗨️ Community Forum | Yes, online trader community and forum available |
Social Media Platforms | |
🌐 Official Website address | hfm.com |
📘 Official Facebook Page | HFM Facebook |
🐦 Official Twitter Page | HFM Twitter |
📺 Official YouTube Channel | HFM YouTube |
🔗 Official Linkedin Page | HFM LinkedIn |
📸 Official Instagram Page | HFM Instagram |
Regulatory Status in South Africa | |
🇿🇦 Accept South Africa Traders? | Yes |
🏛️ Is HFM regulated by the South Africa regulatory body (FSCA)? | Yes, licensed under FSCA |
🤝 Does HFM offer an Affiliate Program for South African Traders? | Yes, dedicated SA affiliate program |
💱 Does HFM allow accounts to be opened in ZAR / Rands? | Yes, ZAR-denominated accounts supported |
🚀Open Account | 👉Open Account |
Regulation
HFM is regulated by the following authorities:
- Financial Conduct Authority (FCA): Reference number 577957
- Cyprus Securities and Exchange Commission (CySEC): License number 250/14
- Australian Securities and Investments Commission (ASIC): AFSL number 434326
Pros and Cons
✅ Pros | ❌ Cons |
Easily access your account from anywhere at any time. | While the app offers essential banking functions, it may not have all the advanced features available through online banking. |
Enhanced security features to protect your personal and financial information. | Requires a stable internet connection to function properly. |
Quickly perform various banking tasks, such as checking balances, transferring funds, and locating ATMs. | Like any mobile app, it may encounter occasional glitches or bugs. |
Intuitive design for easy navigation and use. | While the app has security measures in place, there is always a risk of unauthorized access or data breaches. |
Our Findings
Competitive spreads and rich trading instruments available at HF Markets have also been established.
However, it has been established that there is a trade-off for some of the users, particularly slow execution time and small customer support.
In general, holding this platform is more appropriate for professional traders who have already had some experience in trading and the currencies market.
8. Tickmill
Overview
Tickmill is a Forex Service provider that offers access to a wide range of services and products.
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
It is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA).
Features
🔎Broker | 🥇Tickmill |
Company Information | |
📅Year Founded | 2014 |
👨Current CEO | Duncan Anderson |
🧑🤝🧑Founder/s | Not publicly available |
🧑🏻💻Amount of staff | 441 |
👩💻Amount of active traders | Over 400 000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, FCA, CySEC, FSCA |
🌎Country of regulation | Seychelles, UK, Cyprus, South Africa |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
⛗Two-step Authentication | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Plus account and Raw account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, ZAR |
💰Minimum Deposit | USD 100 / 1812 ZAR |
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 | 0.0 pips |
💸Commissions | Varies by account type, often commission-free, $2 per side per lot (Pro Account) |
💱Number of base currencies supported | 4 (EUR, USD, GBP, PLN) |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:1000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes, for an additional fee |
Trading Instruments | |
🧾CFDs-Total Offered | Over 725 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
👁️🗨 Watchlist | Yes |
🔔 Trade Alerts | Yes |
💼 Trading Stocks with GP | Yes |
📉 Trading Indices with GP | Yes |
💹 Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support@tickmill.com |
📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | 17 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 9000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉Open Account |
Regulation
Tickmill is regulated by the following authorities:
- Financial Conduct Authority (FCA): Reference number 717270
- Cyprus Securities and Exchange Commission (CySEC): License number 276/15
- Financial Services Commission (FSC): Belize license number 000335/1
- Labuan Financial Services Authority (LFSA): License number LFSA0148
Pros and Cons
✅ Pros | ❌ Cons |
Tickmill offers robust trading platforms and innovative mobile trading | Currency conversion fees will apply for some deposits |
Tickmill has a very high trust score and is known for its competitive trading conditions | There are no fixed spread accounts offered |
There are several convenient funding options available including Skrill, Neteller, and others | The spreads are not the tightest |
Our Findings
Tickmill is one of the most famous online brokers that offer tight spreads and high transactions’ speed.
Some of its key features that are dear to many traders include multiple financial instruments and a convenient trading platform.
However, some users have complained of some technical-related issues and malfunction sometimes and in most cases, there’s no active customer support.
9. Exness
Overview
Exness’ strengths lie in its diverse range of trading instruments, competitive trading conditions, and user-friendly trading platforms.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Its low minimum deposit requirements and strong customer support make it a popular choice for traders of all levels.
Features
🔎Broker | Exness |
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 |
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, Instagram |
🗣️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 |
👉Open Account | Open Account |
Regulation
Exness is regulated by the following authorities:
- Cyprus Securities and Exchange Commission (CySEC): License number 178/12
- Financial Conduct Authority (FCA): Reference number 738515
- Australian Securities and Investments Commission (ASIC): AFSL number 491481
- Financial Services Commission (FSC): Belize license number 000287/1
- Dubai Financial Services Authority (DFSA): Firm reference number F005854
Pros and Cons
✅ Pros | ❌ Cons |
Highly Regulated | Limited Local Support |
Competitive Trading Conditions | High Leverage Risks |
Low Minimum Deposit | Complex Fee Structure |
Variety of Trading Instruments | Withdrawal Fees |
Educational Resources | Platform Limitations |
Local Currency Accounts | Customer Service Variability |
Demo Accounts | Regional Variations in Service |
VPS Hosting Available | Potential Over-Reliance on Automation |
Our Findings
Exness’ trading platform is one of the most successful and well-developed Internet trading platforms today with many tradable assets.
It is famous for narrow spreads, the fastest possible transaction velocities, and multiple types of accounts to choose from.
But there have been some concerns on the side of customer support and also the duration taken to process withdrawals.
10. Plus500
Overview
Plus500’s strengths lie in its user-friendly trading platform, competitive spreads, and wide range of trading instruments.
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
Its low minimum deposit requirements and strong customer support make it a popular choice for traders of all levels.
Features
🔎Broker | Plus500 |
Company Information | |
📅Year Founded | 2008 |
🧑🏻💻Amount of staff | 569 |
👩💻Amount of active traders | 280,769 active users |
🌐Publicly Traded (Listed Company) | Yes, on the London Stock Exchange's Main Market |
Regulation and Security | |
🛡️Regulation | FCA, ASIC, CySEC, MAS, FSCA |
🌎Country of regulation | UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles, Estonia, United Arab Emirates, Japan |
💻Account Segregation | Yes, client funds are held in segregated bank accounts |
🪫Negative balance protection | Yes, in some jurisdictions |
🔋Investor Protection Schemes | £85k to UK, €20k to EU clients, and $0 to other clients |
Account Types and Features | |
➕Accounts | Retail Account |
💳Institutional Accounts | No |
👨💼Managed Accounts | No |
📇Minor account currencies | EUR/JPY, AUD/JPY, and GBP/EUR |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | $0 |
📊Spreads from | 0.8 pips |
💸Commissions | No commission is charged |
💱Number of base currencies supported | 48 |
🚀Swap Fees | Yes, Charged on leveraged overnight positions |
📈Leverage | 1:30 |
📏Margin requirements | Yes |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | Typically fast (seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 2800 financial instruments, including Shares, Forex, Indices, Commodities, ETFs and Options. |
🗠CFD Stock Indices | Yes, including FTSE 100 |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
💵Withdrawal Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
Trading Platforms and Tools | |
💻Trading Platforms | User-friendly web and mobile platforms |
👩💻OS Compatibility | Windows, Mac, Web-based |
🖥️Forex trading tools | Cryptocurrencies, Forex, indices, commodities, shares, options, ETFs |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support Online Whatsapp | Yes 24/7 |
📞Customer Support Contact Number | +65 6320 1111 and +65 6320 1119. |
👾Social media Platforms | Yes (Facebook, Twitter, etc.) |
🗣️Languages supported on Plus500 Website | 32 Languages |
Educational Resources and Support | |
🖺Forex course | Not offered |
🧏♀️Webinars | Free Trading Webinars & Market Analyses |
📚Educational Resources | Free trading e-book, How to Videos etc. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 40 000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | BSC Young Boys Super League, Italian Serie A club Atalanta and Polish Ekstraklasa team Legia Warsaw. |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Plus500 Accept South African Traders? | Yes, offer full-trading package to South African traders. |
Is Plus500 regulated by the South African regulatory body (FSCA)? | Yes, it is regulated and licensed by the FSCA. |
Do Plus500 offer an Affiliate Program for South African Traders? | Yes, It offers an Affiliate program for most regions. |
Do Plus500 allow opening trading accounts in ZAR? | The company supports having a base account currency in ZAR. |
👉Open Account | Open Account (CFD Service. Your capital is at risk) |
Regulation
Plus500 is regulated by the following authorities:
- Financial Conduct Authority (FCA): Reference number 509901
- Cyprus Securities and Exchange Commission (CySEC): License number 250/14
- Australian Securities and Investments Commission (ASIC): AFSL number 417681
- Financial Services Commission (FSC): Belize license number 000181/1
- Dubai Financial Services Authority (DFSA): Firm reference number F005935
Pros and Cons
✅ Pros | ❌ Cons |
Easy to navigate and understand, even for beginners. | Compared to some other brokers, Plus500 may have higher spreads, which can affect profitability. |
Offers trading on forex, shares, commodities, indices, and options. | Some users have reported difficulties in contacting customer support. |
Includes charting, technical analysis indicators, and economic calendar. | Trading CFDs carries a high risk of losing money, and it's important to understand the risks involved before trading. |
Enables users to follow and copy the trades of successful traders. | Plus500 has faced regulatory scrutiny in some jurisdictions. |
Our Findings
Plus500 is a renowned online trading company that provides a diverse list of financial trading products.
While it is easy to use and has competitive fees and such, the user should know that leveraged trading comes with certain risks as it is.
Before entering the trading activities, there is a need to research and assess the financial targets the trader wishes to achieve.
FCA Regulated Forex Brokers
Conclusion
FCA-regulated brokers are widely regarded as some of the most reputable and trustworthy in the industry. Their strict adherence to regulatory standards ensures a high level of transparency, client protection, and fair market practices.
You might also like: FXPro Review
You might also like: AvaTrade Review
You might also like: Pepperstone Review
You might also like: Exness Review
You might also like: CMC Markets Review
Frequently Asked Questions
Who is the FCA?
The Financial Conduct Authority, or FCA, is a financial regulatory body in the United Kingdom.
What is the FCA responsible for?
The FCA is responsible for the functioning of the UK financial markets.
Who is the most popular FCA Regulated broker amongst traders in South Africa?
According to research, HF Markets is the preferred FCA-regulated broker amongst traders.
How do I know if the FCA regulates a broker?
All regulatory information can be found on the official website of the Forex Broker in consideration.
Is it safe to trade with a FCA Regulated Forex Broker?
Yes, FCA Regulated brokers are required by law to enforce policies such as leverage limits, negative balance protection, and segregated client funds.
There are no reviews yet. Be the first one to write one.
Table of Contents
Toggle