All Share (J203) = 88 342
Rand / Dollar = 18.57
Rand / Pound = 23.38
Rand / Euro = 19.37
Gold (usd/oz) = 2 936.83
Platinum (usd/oz) = 978.50
Brent (usd/barrel) = 76.67
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best FCA Regulated Forex Brokers

Best FCA Regulated Brokers

 

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 BrokersIn 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

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Best FCA Regulated Forex Brokers in 2025 – A Comparison

🔎 Broker📌 FCA Regulation🚀 Open an Account💯 FCA Licence Number💰 Minimum Deposit
🥇 IGYes👉 Open Account195355$0 USD / 0 ZAR
🥈 PepperstoneYes👉 Open Account684312$0 USD / 0 ZAR
🥉 XTBYes👉 Open Account522157$0 USD / 0 ZAR
🥇 CMC MarketsYes👉 Open Account173730$0 USD / 0 ZAR
🥈 City IndexYes👉 Open Account-$0 USD / 0 ZAR
🥉 FXProYes👉 Open Account509956$100 USD / 1806 ZAR
🥇 HFMYes👉 Open Account801701$0 USD / 0 ZAR
🥈 TickmillYes👉 Open Account717270$100 USD / 1806 ZAR
🥉 ExnessYes👉 Open Account730729$10 USD / 184 ZAR
🥇 Plus500*Yes👉 Open Account509909$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)

  1. ☑️IG Group – Overall, Best FCA Regulated Forex Broker.
  2. ☑️Pepperstone – Highly regarded for its low spreads.
  3. ☑️XTB – Wide range of instruments.
  4. ☑️CMC Markets – Excellent advanced trading platform.
  5. ☑️City Index – Low minimum deposit.
  6. ☑️FxPro – Strong regulatory standing.
  7. ☑️HFM – Wide range of account types.
  8. ☑️Tickmill – Ultra-low spreads, fast trade execution.
  9. ☑️Exness – Excellent customer support.
  10. ☑️Plus500 – Commission-free trading.

 

1. IG Group

IG Review

 

Overview

 

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

 

 

Features

🔎BrokerIG
Company Information
📅 Year Founded1974
Current CEOJune Felix
Founder/sStuart Wheeler
🧑🏻‍💻 Amount of staffOver 1,500
👩‍💻 Amount of active tradersOver 239,000 globally
🌐 Publicly Traded (Listed Company)Yes (London Stock Exchange - IGG)
Regulation and Security
🛡️ RegulationFCA, ASIC, FSCA, MAS, CFTC
🌎 Country of regulationUK, Australia, South Africa, Singapore, USA
💻 Account SegregationYes
🪫 Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋 Investor Protection SchemesUK FSCS (up to £85,000)
Account Types and Features
➕ AccountsStandard, Limited Risk, Share Trading, Spread Betting
💳 Institutional AccountsYes
👨‍💼 Managed AccountsNo
📇 Minor account currenciesUSD, GBP, EUR, ZAR, others
💰 Minimum Deposit$250
Trading Conditions
🕞 Average deposit/withdrawal processing time1-3 business days
🪙 Fund Withdrawal FeeNo fees
📊 Spreads from0.6 pips on EUR/USD
💸 CommissionsNone on Forex (only spreads)
💱 Number of base currencies supported6+ (USD, GBP, EUR, ZAR, etc.)
🚀 Swap FeesYes (overnight fees)
📈 LeverageUp to 1:30 (retail clients)
📏 Margin requirementsDepends on asset
☪️ Islamic account (swap-free)Yes
💻 Demo AccountYes
⌛ Order Execution Time0.1 seconds (average)
📆 VPS HostingNo
Trading Instruments
🧾 CFDs-Total OfferedOver 17,000
🗠 CFD Stock Indices80+
⚖️ CFD Commodities35+
📜 CFD Shares12,000+
Watch listYes
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on trading boardYes
Deposits and Withdrawals
💳 Deposit OptionsCredit/Debit card, Bank Transfer, PayPal
💵 Withdrawal OptionsCredit/Debit card, Bank Transfer, PayPal
Welcome BonusNo
Trading Platforms and Tools
💻 Trading PlatformsIG Proprietary, MetaTrader 4, ProRealTime, L2 Dealer
👩‍💻 OS CompatibilityWindows, macOS, iOS, Android
🖥️ Forex trading toolsCharts, Indicators, Autochartist
Customer Support
🗣️ Live chat availabilityYes
📱 Customer Support email addresshelpdesk.uk@ig.com
📞 Customer Support Contact Number+44 20 7633 5430
👾 Social media PlatformsFacebook, Twitter, LinkedIn, Instagram
🗣️ Languages supported on WebsiteEnglish, Spanish, French, others
Educational Resources and Support
Beginners Trader friendly UXYes
🖺 Forex courseYes
🧏‍♀️ WebinarsYes
📚 Educational ResourcesYes
Partnerships and Programs
🪪 Affiliate program?Yes
👨‍🏫 Amount of partnersNot specified
📋 IB ProgramYes
🏃‍♂️‍➡️ Do they sponsor any notable events or teams?No
🪙 Rebate programYes
Commission FeeVaries (based on the asset class)
Social Platforms
Official Facebook PageYes
Official Twitter PageYes
Official YouTube ChannelYes
Official LinkedIn PageYes
Official Instagram PageYes
Official Website addresswww.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 AccountOpen Account

 

IG FCA Regulated

 

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 AccountsStrict Regulatory Requirements
Fair Trading EnvironmentSlower Account Processes

 

Our Findings

 

2. Pepperstone

Pepperstone Review South Africa

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

🔎BrokerPepperstone
Company Information
📅Year Founded2010
Current CEOChris Perry
Founder/sChris Perry, Nick Madden
🧑🏻‍💻Amount of staff300+
👩‍💻Amount of active traders150,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC, FCA, DFSA, IIROC, MAS
🌎Country of regulationAustralia, United Kingdom, Dubai, Canada, Singapore
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋Investor Protection SchemesYes (varies by jurisdiction)
Account Types and Features
➕AccountsStandard, Razor, Swap-Free
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesYes (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD)
💰Minimum Deposit$200
Trading Conditions
🕞Average deposit/withdrawal processing timeSame-day
🪙Fund Withdrawal FeeNo fee
📊Spreads from0.0 pips
💸CommissionsVaries by account type
💱Number of base currencies supported8
🚀Swap FeesVaries by instrument
📈LeverageUp to 500:1
📏Margin requirementsVary by instrument
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeFast execution
📆VPS HostingAvailable
Trading Instruments
🧾CFDs-Total Offered1,200+
🗠CFD Stock Indices30+
⚖️CFD Commodities40+
📜CFD Shares7,000+
Watch listYes
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on trading boardYes
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards, bank transfers, PayPal, Skrill, Neteller, UnionPay
💵Withdrawal OptionsCredit/debit cards, bank transfers, PayPal, Skrill, Neteller, UnionPay
Welcome BonusNo
Trading Platforms and Tools
💻Trading PlatformsMT4, MT5
👩‍💻OS CompatibilityWindows, Mac, Android, iOS
🖥️Forex trading toolsEconomic calendar, charting tools, news feed, sentiment analysis
Customer Support
🗣️Live chat availability24/5
📱Customer Support email addresssupport@pepperstone.com
📞Customer Support Contact Number+61 3 9039 6300
👾Social media PlatformsFacebook, Twitter, LinkedIn, YouTube
🗣️Languages supported on WebsiteEnglish, Chinese, French, German, Italian, Japanese, Portuguese, Spanish
Educational Resources and Support
Beginners Trader friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles, guides, videos
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners10,000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes (e.g., Pepperstone Racing)
🪙Rebate programYes (for Introducing Brokers)
💸Commission FeeVaries by account type and trading volume
Social Platforms
Official Facebook Pagehttps://www.facebook.com/Pepperstonefx/
Official Twitter Pagehttps://twitter.com/pepperstonefx?lang=en
Official Youtube Channelhttps://www.youtube.com/channel/UCrNLfyB-wvPotj4RHR_dcSA
Official Linkedin Pagehttps://au.linkedin.com/company/pepperstone
Official Instagram Pagehttps://www.instagram.com/pepperstonefx/
Official Website addresshttps://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 AccountOpen Account

 

Pepperstone FCA Regulated

 

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 OpeningMostly CFDs Offered
Excellent Customer SupportBasic MetaTrader Platform
Negative Balance ProtectionNo 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

XTB Review South Africa

 

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 Founded2002
🧑🏻‍💻Amount of staff1,105
👩‍💻Amount of active traders1,000,000+
🌐Publicly Traded (Listed Company)Yes
Regulation and Security
🛡️RegulationFCA, CySEC, KNF, IFSC, FSCA
🌎Country of regulationUK
💻Account SegregationYes
🪫Negative balance protectionNo
🔋Investor Protection SchemesFSCS (Financial Services Compensation Scheme) up to £85,000 per person.
Account Types and Features
➕AccountsStandard Account (commission-free, floating spreads)
💳Institutional AccountsNot offered
👨‍💼Managed AccountsNot offered
📇Minor account currenciesUSD, EUR, GBP
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree above 50 USD
📊Spreads from0.5 pips
💸CommissionsFree for CFDs, 0.2% min. 10 EUR for stocks (over 100,000 EUR monthly turnover)
💱Number of base currencies supported5
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:500 (depending on instrument)
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1700+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes, Popular commodities (e.g., gold, oil, natural gas)
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc)
💵Withdrawal OptionsBank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc)
Trading Platforms and Tools
💻Trading PlatformsxStation platform, mobile app and MT4
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssales_int@xtb.com
📞Customer Support Contact Number+357 257 25356
👾Social media PlatformsFacebook, YouTube, Instagram, Twitter
🗣️Languages supported on WebsiteEnglish, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish, Spanish
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly known
📋IB ProgramNot offered in UK/EU. Affiliate program is offered instead.
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes, 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 AccountOpen 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.

 

XTB FCA Regulated

 

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 regionsFees on stock CFDs can be higher compared to some competitors
xStation 5 and MetaTrader 4 (MT4) for various trader levelsFewer account options compared to some brokers
Offers comprehensive training materials and market analysisDoes not offer MT5 platform, which some traders may prefer
Reliable and fast order execution with no dealing desk interventionLacks promotional bonuses or incentives
Accessible to beginners as no minimum deposit is requiredCharges an inactivity fee after 12 months of no trading activity
Offers Forex, commodities, indices, stocks, and cryptocurrency CFDsMarket research tools, though solid, are less comprehensive than some competitors
Provides multilingual customer support via live chat, email, and phoneRegulated regions have lower leverage limits, particularly in Europe
Ensures that clients cannot lose more than their account balanceCharges 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

CMC Markets Review

 

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

🔎BrokerCMC Markets
Company Information
📅 Year Founded1989
Current CEOLord Kirkpatrick
Founder/sPeter Cruddas
🧑🏻‍💻 Amount of StaffApproximately 1,500
👩‍💻 Amount of Active TradersOver 50,000 active traders
🌐 Publicly Traded (Listed Company)Yes, listed on the London Stock Exchange
Regulation and Security
🛡️ RegulationFCA (Financial Conduct Authority)
🌎 Country of RegulationUnited Kingdom
💻 Account SegregationYes, client funds are held in segregated accounts
🪫 Negative Balance ProtectionYes
Two-step AuthenticationYes
Stop-loss InstrumentYes
🔋 Investor Protection SchemesYes, eligible for Financial Services Compensation Scheme (FSCS)
Account Types and Features
➕ AccountsStandard, Professional
💳 Institutional AccountsYes
👨‍💼 Managed AccountsYes
📇 Minor Account CurrenciesMultiple (including ZAR, EUR, GBP, USD, etc.)
💰 Minimum Deposit$0 (for standard account)
Trading Conditions
🕞 Average Deposit/Withdrawal Processing Time1-3 business days for withdrawals
🪙 Fund Withdrawal FeeNone
📊 Spreads FromFrom 0.7 pips
💸 CommissionsNo commissions on forex trades; spreads apply
💱 Number of Base Currencies Supported10+
🚀 Swap FeesApplicable (depends on position and instrument)
📈 LeverageUp to 1:500 (varies by instrument)
📏 Margin RequirementsDepends on the instrument; generally 0.2% - 2%
☪️ Islamic Account (Swap-Free)Yes
💻 Demo AccountYes
⌛ Order Execution TimeTypically 100 ms or less
📆 VPS HostingYes, available for clients
Trading Instruments
🧾 CFDs - Total OfferedOver 10,000
🗠 CFD Stock IndicesYes, multiple global indices available
⚖️ CFD CommoditiesYes, including metals, energy, and agriculture
📜 CFD SharesYes
Watch ListYes
Trade AlertsYes
Trading Indices with GPYes
Trading Stocks with GPYes
Swap on Trading BoardYes
Deposits and Withdrawals
💳 Deposit OptionsBank transfer, credit/debit cards, PayPal
💵 Withdrawal OptionsBank transfer, credit/debit cards
Welcome BonusNot commonly offered
Trading Platforms and Tools
💻 Trading PlatformsCMC Markets Trading Platform, MT4
👩‍💻 OS CompatibilityWindows, macOS, iOS, Android
🖥️ Forex Trading ToolsAdvanced charting tools, trading signals
Customer Support
🗣️ Live Chat AvailabilityYes
📱 Customer Support Email Addresssupport@cmcmarkets.com
📞 Customer Support Contact Number+44 20 7170 8200
👾 Social Media PlatformsFacebook, Twitter, LinkedIn, Instagram
🗣️ Languages Supported on WebsiteEnglish, Spanish, French, German, and more
Educational Resources and Support
Beginners Trader Friendly UXYes
🖺 Forex CourseYes, various online courses available
🧏‍♀️ WebinarsYes, regular webinars on trading strategies
📚 Educational ResourcesExtensive library available
Partnerships and Programs
🪪 Affiliate Program?Yes
👨‍🏫 Amount of PartnersMultiple partners globally
📋 IB ProgramYes
🏃‍♂️‍➡️ Do They Sponsor Notable Events/Teams?Yes, various sponsorships
🪙 Rebate ProgramYes
Commission FeeN/A (no commissions on forex trades)
Social Platforms
Official Facebook PageYes
Official Twitter PageYes
Official YouTube ChannelYes
Official LinkedIn PageYes
Official Instagram PageYes
Official Website AddressYes
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

 

CMC Markets Regulation

 

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 entitiesUS clients not accepted
Client funds kept in segregated accountsSpreads are marked-up
FSCS memberFixed spreads not provided
MetaTrader 4 Nextgen supportedNo social trading

 

Our Findings

CMC Markets is an international online trading company that provides CFDs, forex, and share trading services.

It

 

5. City Index

CityIndex Review

 

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 Founded1983
🧑🏻‍💻Amount of staffOver 3,000
👩‍💻Amount of active tradersOver 1 million
🌐Publicly Traded (Listed Company)Yes (Part of StoneX Group, listed on NASDAQ)
Regulation and Security
🛡️RegulationFCA, ASIC, MAS
🌎Country of regulationUK, Australia, Singapore
💻Account SegregationYes
🪫Negative balance protectionYes, City Index offers negative balance protection to help ensure clients cannot lose more than the funds deposited in their account.
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard Account, MT4 Account
💳Institutional AccountsNot available for retail traders
👨‍💼Managed AccountsNot offered
📇Minor account currenciesEUR/GBP, EUR/AUD, GBP/JPY, EUR/JPY, AUD/JPY
💰Minimum DepositFrom $0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time3-10 business days
🪙Fund Withdrawal FeeYes, City Index may charge a withdrawal fee depending on the withdrawal method and currency
📊Spreads from0.5 pips
💸CommissionsYes
💱Number of base currencies supported100 units
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:30
📏Margin requirements3.3%
☪️Islamic account (swap-free)No
💻Demo AccountYes
⌛Order Execution Timefast (average under seconds)
📆VPS HostingNot offered
Trading Instruments
🧾CFDs-Total OfferedOver 6,000
🗠CFD Stock IndicesOver 20
⚖️CFD CommoditiesOver 25
📜CFD Shares6,300+
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.)
💵Withdrawal OptionsCredit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.)
Trading Platforms and Tools
💻Trading PlatformsWeb Trader, Mobile App (iOS & Android), TradingView, MT4
👩‍💻OS CompatibilityWeb Trader, Mobile App (iOS & Android), TradingView, MT4
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, 24/5
📱Customer Support email addresssupport.uk@cityindex.com - Singapore: support.sg@cityindex.com - Australia: support.au@cityindex.com
📞Customer Support Contact NumberUK: 0203 194 1801
Australia: 1800 354 182
👾Social media PlatformsFacebook, Twitter
🗣️Languages supported on WebsiteEnglish
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot displayed
📋IB ProgramNot 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 programYes, 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 AccountOpen Account

 

City Index FCA Regulated

 

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 FeesLimited Product Portfolio
Fast Account OpeningHigh Stock CFD fees
Diverse research toolsLimited 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

FXPro Review

 

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 NameFxPro
🏢 Company InformationFxPro Group Limited
📅 Year Founded 2006
👩‍💼👨‍💼 Current CEOCharalambos Psimolophitis
👩‍💼👨‍💼 Founder/sDenis Sukhotin
👥 Amount of staffOver 200 employees
👨‍💻 Amount of active tradersOver 1.8 million
📈 Publicly Traded (Listed Company)No
🇬🇧 Regulation and SecurityStrong regulatory oversight
🇬🇧 RegulationFCA, CySEC, FSCA
🇬🇧 Country of regulationUK, Cyprus, South Africa
💼 Account SegregationYes, funds are segregated
🚫 Negative balance protectionYes
🔐 Two-step AuthenticationAvailable
🛡️ Investor Protection SchemesYes, under regulatory authorities
📋 Account Types and FeaturesStandard, MT4, MT5, and cTrader accounts
🏦 Institutional AccountsYes
📊 Managed AccountsNo
💱 Minor account currenciesUSD, EUR, GBP, ZAR
💰 Minimum Deposit$100 / 1700 ZAR
📊 Trading ConditionsCompetitive spreads, fast execution
⏳ Average deposit/withdrawal processing time1-2 business days
💵 Fund Withdrawal FeeNo fees on most methods
📉 Spreads from0.0 pips
💸 CommissionsOn cTrader accounts (from $4.5)
🌍 Number of base currencies supported7
📈 Swap FeesYes, applicable on overnight trades
📈 LeverageUp to 1:500
📊 Margin requirements2%
🌙 Islamic account (swap-free)Yes
🎓 Demo AccountYes, unlimited
⏱️ Order Execution Time< 11ms
☁️ VPS HostingAvailable for high-frequency traders
🌍 Global OfficesUK, Cyprus, Bahamas, Dubai
👆 One-Click TradingYes
🤖 Expert AdvisorsSupported on MT4/MT5
📊 Trading InstrumentsForex, Stocks, Indices, Metals, Energy
📊 CFDs-Total OfferedOver 2000 instruments
📈 CFD Stock IndicesYes, major global indices
🛢️ CFD CommoditiesYes, energy and metals
📉 CFD SharesYes, large selection
👀 Watch listCustomizable
🔔 Trade AlertsYes
📈 Trading Stocks with GPYes
📊 Trading Indices with GPYes
🛠️ Swap on trading boardYes
💳 Deposits and WithdrawalsCredit/Debit cards, Bank Wire, PayPal, Skrill, Neteller
💳 Deposit OptionsMultiple methods supported
💸 Withdrawal OptionsSame as deposit methods
🎁 Welcome BonusNo
💻 Trading Platforms and ToolsMT4, MT5, cTrader, FxPro Edge
🚦 Stop-loss InstrumentYes
🛡️ Investor Protection SchemesYes, under regulatory bodies
🖥️ OS CompatibilityWindows, macOS, iOS, Android
🔧 Forex trading toolsYes, extensive
💬 Customer Support24/5 support available
💬 Live chat availabilityYes, 24/5
📧 Customer Support Email addresssupport@fxpro.com
📞 Customer Support Contact Number+44 (0) 203 151 5550
🌐 Languages supported on FxPro Website18 languages
📚 Educational Resources and SupportWebinars, articles, video tutorials
👍 Beginners Trader friendly UXYes
📚 Forex courseYes, basic to advanced
🖥️ WebinarsYes
📖 Educational ResourcesYes, rich library
🤝 Partnerships and ProgramsYes
🤝 Affiliate program?Yes
🤝 Amount of partners10,000+
📈 IB ProgramYes
⚽ Do they sponsor any notable events or teams?Yes, McLaren F1 team
💰 Rebate programYes, for IBs
🗨️ Community ForumNo
📱 Social Media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🌐 Official Website addressFxPro
📘 Official Facebook PageFxPro
🐦 Official Twitter PageFxPro
📺 Official YouTube ChannelFxPro
🔗 Official Linkedin PageFxPro
📸 Official Instagram PageFxProGlobal
🇿🇦 Regulatory Status in South AfricaFSCA regulated
🇿🇦 Accept South Africa Traders?Yes
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)?Yes
🤝 Does FxPro offer an Affiliate Program for South African Traders?Yes
💱 Does FxPro allow accounts to be opened in ZAR / Rands?Yes
🚀 Open AccountOpen Account

 

FxPro FCA Regulated

 

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

 

Our Findings

 

7. HFM

HFM Review

 

Overview

 

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

 

 

Features

🔎Broker🥇HFM
Company Information
👨‍💼 Year Founded2010
👩‍💼👨‍💼 Current CEOGeorge Koumantaris
👩‍💼👨‍💼 Founder/sGeorge Koumantaris, Marcos Kappos
👥 Amount of staff200+ globally
👨‍💻 Amount of active tradersOver 2 million
📈 Publicly Traded (Listed Company)No
Regulation and Security
🇬🇧 RegulationFCA (UK), FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FSA (Seychelles)
🇬🇧 Country of regulationUnited Kingdom, South Africa, Cyprus, Dubai, Seychelles
💼 Account SegregationYes, client funds are kept in segregated accounts
🚫 Negative balance protectionYes, available to retail clients
🔐 Two-step AuthenticationYes, supports 2FA for extra account security
🛡️ Investor Protection SchemesYes, clients are protected under the Investor Compensation Fund (ICF) in Europe
Account Types and Features
🏦 Institutional AccountsYes, available for institutional clients
📊 Managed AccountsYes, PAMM and MAM accounts are offered
💱 Minor account currenciesUSD, EUR, ZAR, NGN, GBP, and more
💰 Minimum DepositUSD 0 / 0 ZAR
Trading Conditions
⏳ Average deposit/withdrawal processing timeDeposits: Instant; Withdrawals: 1-3 business days
💵 Fund Withdrawal FeeNo fees for most methods, but some third-party charges may apply
📉 Spreads fromAs low as 0.1 pips on the Zero Spread account
💸 Commissions$3 per lot on Zero Spread accounts
🌍 Number of base currencies supported10+ (including USD, EUR, ZAR, NGN, and GBP)
📈 Swap FeesSwap fees vary by instrument, but Islamic (swap-free) accounts are available
📈 LeverageUp to 1:1000 depending on the jurisdiction and account type
📊 Margin requirementsStarting at 0.5%, varies by asset class and leverage level
🌙 Islamic account (swap-free)Yes, available for all account types
🎓 Demo AccountYes, unlimited free demo accounts
⏱️ Order Execution Time< 1 second on average
☁️ VPS HostingYes, free VPS for qualifying traders
🌍 Global OfficesMultiple locations worldwide: Cyprus, UK, Dubai, South Africa, Seychelles
👆 One-Click TradingYes, available on MT4 and MT5 platforms
🤖 Expert AdvisorsYes, fully supported on MT4 and MT5
Trading Instruments
📊 CFDs-Total Offered1,200+ CFDs
📈 CFD Stock IndicesYes, 15+ indices available
🛢️ CFD CommoditiesYes, includes Gold, Oil, and Silver
📉 CFD SharesYes, 50+ global stocks
👀 Watch listYes, customizable watchlists
🔔 Trade AlertsYes, available through the platforms
📈 Trading Stocks with GPYes, stock trading is available via CFDs
📊 Trading Indices with GPYes, index trading via CFDs available
🛠️ Swap on trading boardYes, swaps are visible on the trading platforms
Deposits and Withdrawals
💳 Deposit OptionsCredit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller), Crypto
💸 Withdrawal OptionsBank Transfer, Credit/Debit Card, E-wallets (Skrill, Neteller), Crypto
🎁 Welcome BonusYes, 100% SuperCharged Bonus available
Trading Platforms and Tools
💻 Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM mobile app
🚦 Stop-loss InstrumentYes, fully supported
🛡️ Investor Protection SchemesYes, as per regulation, compensation schemes apply
🖥️ OS CompatibilityWindows, Mac, Linux, Android, iOS
🔧 Forex trading toolsYes, Autochartist, Trading Central, and more
💬 Customer Support
💬 Live chat availabilityYes, 24/5 live chat support
📧 Customer Support Email addresssupport@hfm.com
📞 Customer Support Contact Number+44 123 456 7890
🌐 Languages supported on HFM WebsiteEnglish, Afrikaans, Arabic, Chinese, and more
Educational Resources and Support
👍 Beginners Trader friendly UXYes, beginner-friendly platform design
📚 Forex courseYes, free educational courses available
🖥️ WebinarsYes, regular free webinars provided
📖 Educational ResourcesYes, includes tutorials, eBooks, and market analysis
Partnerships and Programs
🤝 Affiliate program?Yes, generous affiliate program offered
🤝 Amount of partners1,000+ affiliates globally
📈 IB ProgramYes, multi-tier IB (Introducing Broker) program available
⚽ Do they sponsor any notable events or teams?Yes, HFM sponsors various sports teams and events
💰 Rebate programYes, rebate program for active traders
🗨️ Community ForumYes, online trader community and forum available
Social Media Platforms
🌐 Official Website addresshfm.com
📘 Official Facebook PageHFM Facebook
🐦 Official Twitter PageHFM Twitter
📺 Official YouTube ChannelHFM YouTube
🔗 Official Linkedin PageHFM LinkedIn
📸 Official Instagram PageHFM 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

 

HFM

 

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

 

8. Tickmill

Tickmill Review South Africa

 

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 Founded2014
👨Current CEODuncan Anderson
🧑‍🤝‍🧑Founder/sNot publicly available
🧑🏻‍💻Amount of staff441
👩‍💻Amount of active tradersOver 400 000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, FCA, CySEC, FSCA
🌎Country of regulationSeychelles, UK, Cyprus, South Africa
💻Account SegregationYes
🪫Negative balance protectionYes
⛗Two-step AuthenticationYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPlus account and Raw account
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD, EUR, GBP, ZAR
💰Minimum DepositUSD 100 / 1812 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.0 pips
💸CommissionsVaries by account type, often commission-free, $2 per side per lot (Pro Account)
💱Number of base currencies supported4 (EUR, USD, GBP, PLN)
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:1000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes, for an additional fee
Trading Instruments
🧾CFDs-Total OfferedOver 725
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
👁️‍🗨 WatchlistYes
🔔 Trade AlertsYes
💼 Trading Stocks with GPYes
📉 Trading Indices with GPYes
💹 Swap on Trading BoardYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
💵Withdrawal OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport@tickmill.com
📞Customer Support Contact NumberSouth Africa: +278 7250 0696
International: +852 5808 7849
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website17 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners9000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open Account👉Open Account

 

Tickmill FCA Regulated

 

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 tradingCurrency conversion fees will apply for some deposits
Tickmill has a very high trust score and is known for its competitive trading conditionsThere are no fixed spread accounts offered
There are several convenient funding options available including Skrill, Neteller, and othersThe spreads are not the tightest

 

Our Findings

 

9. Exness

Review 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

Total Pairs

97

Islamic Account

Yes

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

🔎BrokerExness
Company Information
📅Year Founded2008
🧑🏻‍💻Amount of staffOver 2,100
👩‍💻Amount of active tradersOver 320,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesEUR/USD
& USD/JPY
💰Minimum Deposit$10
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.3 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported+40
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:2000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies (Bitcoin, Ethereum, etc.)
💵Withdrawal OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5),
Exness Trade
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@exness.com
📞Customer Support Contact Number+35725030959
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website15 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners64 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
👉Open AccountOpen Account

 

Exness FCA Regulated

 

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 RegulatedLimited Local Support
Competitive Trading ConditionsHigh Leverage Risks
Low Minimum DepositComplex Fee Structure
Variety of Trading InstrumentsWithdrawal Fees
Educational ResourcesPlatform Limitations
Local Currency AccountsCustomer Service Variability
Demo AccountsRegional Variations in Service
VPS Hosting AvailablePotential Over-Reliance on Automation

 

Our Findings

 

10. Plus500

Plus500 Review

 

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

🔎BrokerPlus500
Company Information
📅Year Founded2008
🧑🏻‍💻Amount of staff569
👩‍💻Amount of active traders280,769 active users
🌐Publicly Traded (Listed Company)Yes, on the London Stock Exchange's Main Market
Regulation and Security
🛡️RegulationFCA, ASIC, CySEC, MAS, FSCA
🌎Country of regulationUK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles, Estonia, United Arab Emirates, Japan
💻Account SegregationYes, client funds are held in segregated bank accounts
🪫Negative balance protectionYes, in some jurisdictions
🔋Investor Protection Schemes£85k to UK, €20k to EU clients, and $0 to other clients
Account Types and Features
➕AccountsRetail Account
💳Institutional AccountsNo
👨‍💼Managed AccountsNo
📇Minor account currenciesEUR/JPY, AUD/JPY, and GBP/EUR
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal Fee$0
📊Spreads from0.8 pips
💸CommissionsNo commission is charged
💱Number of base currencies supported48
🚀Swap FeesYes, Charged on leveraged overnight positions
📈Leverage1:30
📏Margin requirementsYes
☪️Islamic account (swap-free)No
💻Demo AccountYes
⌛Order Execution TimeTypically fast (seconds)
📆VPS HostingNot offered
Trading Instruments
🧾CFDs-Total OfferedOver 2800 financial instruments, including Shares, Forex, Indices, Commodities, ETFs and Options.
🗠CFD Stock IndicesYes, including FTSE 100
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank wires, credit/debit cards, Skrill, Neteller, and Paypal.
💵Withdrawal OptionsBank wires, credit/debit cards, Skrill, Neteller, and Paypal.
Trading Platforms and Tools
💻Trading PlatformsUser-friendly web and mobile platforms
👩‍💻OS CompatibilityWindows, Mac, Web-based
🖥️Forex trading toolsCryptocurrencies, Forex, indices, commodities, shares, options, ETFs
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support Online WhatsappYes 24/7
📞Customer Support Contact Number+65 6320 1111 and +65 6320 1119.
👾Social media PlatformsYes (Facebook, Twitter, etc.)
🗣️Languages supported on Plus500 Website32 Languages
Educational Resources and Support
🖺Forex courseNot offered
🧏‍♀️WebinarsFree Trading Webinars & Market Analyses
📚Educational ResourcesFree trading e-book, How to Videos etc.
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners40 000+
📋IB ProgramYes
🏃‍♂️‍➡️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 programYes
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 AccountOpen Account (CFD Service. Your capital is at risk)

 

Plus500 FCA Regulated

 

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

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

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.

 

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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.

 

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5/5 - (3 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 13, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

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

Edited by:

Skerdian Meta

Leading Analyst

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

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

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

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