With forex trading exploding around the world, especially in African countries such as Burundi, forex traders may still be unsure over the best brokers to trade this market.
Burundi traders looking for a broker that offers competitive trading conditions along with comprehensive trading solutions and services need not look further than the list below.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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Globex360
Overview
Globex360 is a forex broker based in South Africa. Globex360 offers trading with Forex and CFDs, indices, precious metals, energy, and cryptocurrencies. The company uses state-of-the-art software and is authorised to provide financial services to clients around the world, complying with the legislation of each country it operates. Globex360 was founded in 2017.
Pros and Cons
| PROS | CONS |
| Several types of trading accounts | Does not provide negative balance protection |
| Regulated by proper authorities | Only MT4 trading platform |
| Variety of trading instruments | Withdrawal process is slow |
Features
| Feature | Information |
| Regulation | FSCA, FIAMLA 2002, POCA 2002, POTA 2002 |
| Minimum deposit | $25 |
| Average spread from | Not clearly indicated |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Compass FX
Overview
Compass FX is a forex broker in the United States of America and acts as an introducing broker for other forex brokers.
The company was founded in 1990 and is regulated by the National Futures Association (NFA).
Compass FX offers a Standard Account and Micro Account and gives traders access to the best trading opportunities possible over all asset classes.
Pros and Cons
| PROS | CONS |
| Fast and reliable trade execution | High spreads |
| Platform in 12 languages for global reach | No information about payment methods |
| Popular Internet trading software |
Features
| Feature | Information |
| Regulation | National Futures Association (NFA), Australian Securities and Investment Commission (ASIC) |
| Minimum deposit | $250 |
| Average spread from | Depend on brokers they introduce for |
| Commissions from | Depend on brokers |
| Deposit/Withdrawal Fees | Depend on brokers |
| Maximum Leverage | Depend on brokers |
| Bonuses | No |
| Customer Support and hours | 24/7 |
HFM
Overview
HFM is a forex broker company in in St. Vincent and the Grenadines. It was founded in 2010 and includes well-known brands such as HFM and Hot Forex.
The broker is highly regulated and offers a variety of tradable assets.
Pros and Cons
| PROS | CONS |
| No deposit or withdrawal fees | Charges inactivity fee |
| Offers wide range of tradable assets | Does not accept clients from the US |
| Regulated in multiple countries |
Features
| Feature | Information |
| Regulation | FCA, CySEC, FSCA, DFSA, FSA |
| Minimum deposit | $100 |
| Average spread from | 1 pip |
| Commissions from | $0.03 per 1K lot |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:30 |
| Bonuses | No |
| Customer Support and hours | 24/7 |
Go Markets
Overview
GO Markets is a forex broker company established in 2006 and based in Melbourne in Australia.
GO Markets provides MT4, MT5, mobile trading and a web-based platform.
The broker offers spread-based and commission-based trading accounts with more than 350 tradeable CFD instruments including Forex, Shares, Indices and Commodities and Cryptocurrencies.
Pros and Cons
| PROS | CONS |
| Allows scalping and hedging | Limited range of instruments |
| Regulated by ASIC | Only two account types available |
Features
| Feature | Information |
| Regulation | ASIC, AFSL |
| Minimum deposit | 200 AUD |
| Average spread from | Depends on region |
| Commissions from | $2.5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 500:1 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
JustForex
Overview
JustForex is a forex broker based in Kingstown, Saint Vincent, and Grenadines.
JustForex was founded in 2012 and is registered by the Financial Services Authority.
JustForex provides the MetaTrader 4 platform as well as a wide choice of accounts.
JustForex offers a fair choice of popular payment methods, lots of financial instruments, tight spreads, no limits on trading strategies and beneficial partner programmes.
Pros and Cons
| PROS | CONS |
| Commission-free trading accounts. | No MetaTrader MAC version |
| Low minimum deposit | Only offshore regulation |
| Many payment methods | |
| Regulated by FSA | |
| Wide range of asset classes |
Features
| Feature | Information |
| Regulation | FSA |
| Minimum deposit | $1 |
| Average spread from | 1 pip |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:3000 |
| Bonuses | Yes |
| Customer Support and hours | English support: 24/7 |
Aetos
Overview
Aetos Capital Group is a market-leading Australian broker based in Sydney and established in 2007, offering customers in more than 100 countries worldwide access to a wide range of markets including forex, metals, energy, and indices.
Regulated by two separate world authorities, it offers three different accounts with an initial deposit of 250 USD.
Pros and Cons
| PROS | CONS |
| Segregated client funds used | Demo account use limited to 14 days |
| Well-regulated | US Clients not accepted |
Features
| Feature | Information |
| Regulation | ASIC, FCA |
| Minimum deposit | $250 |
| Average spread from | 0.8 |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1400 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Advanced Markets
Overview
Advanced Markets is an ECN-broker that was established in 2006 and is being regulated by the Australian Securities and Investments Commission (ASIC) and the National Futures Association (NFA).
The company’s head office is in Charlotte, North Carolina but the broker is registered on the Cayman Islands.
The broker offers currency pairs, precious metals, and CFDs on financial products and commodities but requires a large minimum deposit of $2 500. It provides only one type of trading account for individuals.
Pros and Cons
| PROS | CONS |
| Broker is regulated by reputable authority | High minimum deposit required |
| One-click or two-click trading | Limited account options |
| Segregated accounts for customers’ funds | No Islamic account option provided |
| Only one way to withdraw funds |
Features
| Feature | Information |
| Regulation | NFA, ASIC, FCA |
| Minimum deposit | $2500 |
| Average spread from | 0.5 |
| Commissions from | $20.00 per USD Million |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 100:1 |
| Bonuses | Yes |
| Customer Support and hours | 24/7 |
MARKETSX / Markets.com
Overview
MARKETSX is a forex broker company that offers services in South Africa, also known as Markets.com.
The broker operates since 2008 and listed on the London Stock Exchange and a constituent of the FTSE 250. It is regulated in five jurisdictions and offers four trading platforms from which traders have access to over 2 200 assets.
Pros and Cons
| PROS | CONS |
| Member of an investor compensation scheme | Fixed spread accounts not offered |
| Negative balance protection offered | Limited account types offered |
| Proprietary trading platform offered | |
| Segregated client funds | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | CySEC, FCA, ASIC, FSC, FSCA |
| Minimum deposit | $250 /£250 /€250 |
| Average spread from | 2.4 pips |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:300 |
| Bonuses | Yes |
| Customer Support and hours | 24/5 |
Direct FX
Overview
Direct FX is a forex broker company in Australia.
The broker was founded in 2006 and is licensed and regulated by the Australian Securities and Investment Commission (ASIC) and a member of the Financial Ombudsman Service (FOS), an Australian dispute resolution system that deals with complaints about financial services.
Direct FX offers more than 40 currency pairs, precious metals (Gold and Silver), and some CFDs on commodities, indices, bonds, equities, as well as binary options are available to trade.
Pros and Cons
| PROS | CONS |
| Several account types | Website lacks valuable information |
| Well regulated |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit | $100 |
| Average spread from | 1 pip |
| Commissions from | No |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support and hours | 24/7 |
Exness
Overview
Exness was founded in 2008 and is registered and authorised in Seychelles by the FSA, in Cyprus by CySEC and the FCA in the United Kingdom.
The broker offers MT4 and MT5 and a WebTerminal as trading platforms, with more than 130 currency pairs, metals, cryptocurrencies, energies, and Indices as trading instruments.
Pros and Cons
| PROS | CONS |
| 1$ minimum deposit | Deposit fee in certain regions |
| Free withdrawals | |
| USD and EUR as currencies |
Features
| Feature | Information |
| Regulation | CySEC, SFSA FCA, FSA(JP) |
| Minimum deposit | $1 |
| Average spread from | 0.1 pips |
| Commissions from | $10- $30 |
| Deposit/Withdrawal Fees | Deposit fee in some regions |
| Maximum Leverage | 1:30 |
| Bonuses | No |
| Customer Support and hours | 24/5, 11 languages; 24/7 in English and Chinese |
XM
Overview
XM was founded in 2009 in Cyprus and is authorised and regulated by CySEC, IFSC, FCA, ASIC and the Dubai DFSA.
The broker offers many secure payment methods and MT4 and MT5 trading platforms for trading Forex, Stocks, CFDs, Commodities, Equity Indices, Precious Metals, Energies and Shares.
Pros and Cons
| PROS | CONS |
| Allows scalping and hedging | No managed accounts |
| Minimum deposit from $55. | No US clients |
| Offers negative balance protection | |
| Properly regulated |
Features
| Feature | Information |
| Regulation | CySEC, IFSC), FCA, ASIC and DFSA |
| Minimum deposit | $5 |
| Average spread from | 1.7 pips |
| Commissions from | $3.5 per lot per trade |
| Deposit/Withdrawal Fees | Bank withdrawals below $200 – $15 |
| Maximum Leverage | 500:1 |
| Bonuses | No. |
| Customer Support and hours | 24/5 |
IC Markets
Overview
IC Markets is a well-regulated and reputable broker established in 2007, and one of the largest true ECN brokers.
It offers traders more than 230 tradable financial instruments to trade via advanced trading platforms and competitive trading conditions.
IC Markets allows a variety of trading strategies such as hedging and scalping, social trading opportunities, offers free deposits and withdrawals, and has transparent fee schedules.
Pros and Cons
| PROS | CONS |
| ECN-pricing model | No fixed spread accounts |
| Low trading and non-trading fees | US Clients not accepted |
| Tight and competitive spreads | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | $200 |
| Average spread from | 0.0 pips |
| Commissions from | $3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Tickmill
Overview
Tickmill brokerage is regulated by the Seychelles FSA and FCA in the UK.
Tickmill offers three live account types and its own proprietary WebTrader or MetaTrader 4 to trade forex currency pairs, stock indices and oil, precious metals, and bonds.
Pros and Cons
| PROS | CONS |
| Fast and easy account opening | Average CFD fees |
| Free deposit and withdrawals | Only basic news feeds |
| Low forex fees | |
| No inactivity or withdrawal fee |
Features
| Feature | Information |
| Regulation | FSA, FCA |
| Minimum deposit | $100 |
| Average spread from | 0.13 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:500 |
| Bonuses | $30 welcome bonus |
| Customer Support and hours | 24/5 |
XTB
Overview
XTB is an English CFD, Crypto and forex broker company founded in 2002, based in London and regulated by several international authorities including the FCA.
XTB offers a range of educational materials and an award-winning platform. It is listed on the Warsaw stock exchange and offers trading of more than 1500 global markets. s
Pros and Cons
| PROS | CONS |
| Award winning platform | Limited product portfolio, mostly CFD and FX |
| Free deposit and withdrawal | Poor email support |
| Good educational material | |
| Negative balance protection | |
| Regulated by FCA |
Features
| Feature | Information |
| Regulation | FCA and Polish KNF |
| Minimum deposit | £250/$250/€250 |
| Average spread from | 0.5 |
| Commissions from | No |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:30 in EU, 1:200 international |
| Bonuses | No |
| Customer Support and hours | 24/5. |
eToro
Overview
eToro was established in 2007 and is based in Israel. It is authorised and regulated by CySEC, the FCA and ASIC.
eToro boasts more than 1.5 million customers in more than 130 countries and has transparent and user-friendly modes of trading currencies, indices, and commodities online.
Pros and Cons
| PROS | CONS |
| Low minimum deposit | High forex fees and non-trading fees |
| No deposit fee | Only one account base currency |
| Offers free stock and ETF trading in the EU | |
| Seamless account opening | |
| Social trading |
Features
| Feature | Information |
| Regulation | FCA, ASIC, CySEC |
| Minimum deposit | 30 USD |
| Average spread from | 1.0 pips |
| Commissions from | 0.09% |
| Deposit/Withdrawal Fees | $5 on withdrawals |
| Maximum Leverage | 1:20 |
| Bonuses | Welcome and referral bonuses |
| Customer Support and hours | 24/5 |
AvaTrade
Overview
AvaTrade is an Irish forex broker company founded in 2006 and based in Dublin with sales centres in several countries.
AvaTrade is regulated by financial watchdog authorities in Europe, the British Virgin Islands, Australia, Japan, and South Africa. The company’s own AvaTradeGO app is available with user-friendly interface and innovative tools.
Pros and Cons
| PROS | CONS |
| Great educational tools | Inactivity fee |
| Multiple payment options | Limited research tools |
| No withdrawal fee | Offers only CFDs, forex, and cryptos |
Features
| Feature | Information |
| Regulation | Central Bank of Ireland, MiFID, ASiC, BVI |
| Minimum deposit | $100 |
| Average spread from | 0.6 pips |
| Commissions from | Zero |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:400 |
| Bonuses | Occasionally |
| Customer Support and hours | 24/5 |
FP Markets
Overview
FP Markets is an Australian forex broker company established in 2005 and based in Sydney and Kingstown, St. Vincent, and the Grenadines. It offers traders access to CFDs trading across forex, indices, commodities, stocks, and cryptocurrencies.
Pros and Cons
| PROS | CONS |
| Fast account opening | High stock CFD fees |
| Quick deposit and withdrawal | Limited product portfolio |
| Tight spreads | |
| Multi-lingual support |
Features
| Feature | Information |
| Regulation | ASIC, CySEC, SCB |
| Minimum deposit | $100 |
| Average spread from | 0.09 |
| Commissions from | Commission rates are complex and are obtainable from Support. |
| Deposit/Withdrawal Fees | No fees except international withdrawals |
| Maximum Leverage | 1:500 |
| Bonuses | Deposit bonus |
| Customer Support and hours | 24/5 |
CMC Markets
Overview
CMC Markets is UK-based Market Maker broker established in 1989, and regulated and authorised by FCA, ASIC, MAS, FMA, and IIROC.
Clients can trade more than 10 000 financial instruments across several asset classes through trading platforms such as Next Gen and MetaTrader 4.
CMC Markets offer comprehensive analysis, a variety of trading tools, educational materials, and the advantage of no minimum deposit requirement when registering a trading account.
Pros and Cons
| PROS | CONS |
| Innovative platform tools provided | No copy trading platforms |
| Multi-regulated | No fixed spread accounts |
| No minimum deposit | No PAMM or MAM accounts |
| Segregated client funds | No US Clients |
Features
| Feature | Information |
| Regulation | FCA, ASIC, MAS, FMA, IIROC |
| Minimum deposit from | $0 |
| Average spread from | 0.7 |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Pepperstone
Overview
Pepperstone is an Australian forex broker company regulated in Australia and the UK, with offices in the United States, United Kingdom, China, and Thailand.
Pepperstone was established in 2010 in Melbourne and offers low forex fees, easy deposit and withdrawals and advanced trading platforms.
Pros and Cons
| PROS | CONS |
| Fast and fully digital account opening | High bank withdrawal fee outside EU/Australia |
| Free deposit and withdrawal | No investor protection for non-EU clients |
| Low forex and equity index CFD fees | Only forex, CFDs, and crypto |
| Low non-trading fees |
Features
| Feature | Information |
| Regulation | FCA and ASIC |
| Minimum deposit | $200 |
| Average spread from | 0 pips |
| Commissions from | 7 units of the base currency per lot of the FX pair |
| Deposit/Withdrawal Fees | $20 for clients outside the EU and Australia |
| Maximum Leverage | 500:1 |
| Bonuses | No |
| Customer Support and hours | 24/5. |
Oanda
Overview
OANDA is an AMERICAN forex broker company that is based in New York City. OANDA was founded in 1996.
OANDA has offices in eight financial centres in the United States of America, Canada, the United Kingdom, Japan, Singapore, and Australia and serves clients in 200 countries, offering Forex and CFD trading, corporate FX payments and exchange rate services for many companies and investors all over the world.
Pros and Cons
| PROS | CONS |
| Account opening process is fully digital | High withdrawal fee for bank transfers |
| Easy and digital account opening | Only FX and some CFDs available |
| Easy-to-use web trading platform | |
| No minimum deposit required |
Features
| Feature | Information |
| Regulation | CFTC in the US, FCA in the UK, ASIC in Australia, IIROC in Canada, MAS in Singapore and the FFAJ in Japan |
| Minimum deposit | $0 |
| Average spread from | 0.1 pips |
| Commissions from | $0.01 USD per trade |
| Deposit/Withdrawal Fees | No deposit fees but high withdrawal fees for bank transfers |
| Maximum Leverage | 1:50 |
| Bonuses | No |
| Customer Support and hours | 24/5 |
Alpari
Overview
Alpari has been a properly regulated broker for more than two decades with experience in offering traders comprehensive trading solutions globally.
Alpari was established in Russia in 1998, but now has offices in Saint Vincent and the Grenadines, Russia, and Africa to service more than 2 million registered traders in more than 150 countries. Traders can enjoy competitive trading conditions, with powerful trading platforms and multilingual customer support.
Pros and Cons
| PROS | CONS |
| Well-regulated | No fixed spread accounts |
| PAMM Accounts offered | Restriction on clients from some countries |
| Multilingual customer support | Offshore broker |
| MetaTrader 4 and 5 as trading platforms |
Features
| Feature | Information |
| Regulation | FSC, FSA |
| Minimum deposit from | $5 |
| Average spread from | 0.4 pips |
| Commissions from | $1.5 per lot per side |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
Forex.com
Overview
Forex.com is a STP, ECN, and DMA broker that was established in 2001.
Forex.com is authorised and regulated by several reputable entities and offers traders from around the world a secure and dynamic trading environment with which they can trade more than 300 financial instruments via advanced trading platforms.
Pros and Cons
| PROS | CONS |
| Strictly regulated by several authorities | Fixed spreads not offered |
| Advanced, powerful trading platforms | Limited payment methods |
| US Clients welcome |
Features
| Feature | Information |
| Regulation | ASIC, CFTC, FCA, FSA, IIROC, JFSA, NFA |
| Minimum deposit from | $50 |
| Average spread from | $0.11 on XAU/USD |
| Commissions from | $0 – $5 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:50 |
| Bonuses | Yes |
| Customer Support | 24/5 |
IQ Option
Overview
IQ Option is a Cypriot forex broker since 2013 and based in Limassol but managed and owned by IQ Options Europe Ltd.
IQ Option provides financial services to clients from the European Economic Area (EEA) with a vast amount of tradable financial instruments across several asset classes. Its trading platform is intuitive and features a variety of tools for traders of all skills, knowledge, experience, or trading style.
Pros and Cons
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| Segregated client funds and member of ICF | Restricted leverage |
| Vast variety of financial instruments | No fixed spread accounts |
| Advanced trading platform |
Features
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | $10 |
| Average spread from | 5 pips on GBP/USD |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | Some fees may apply |
| Maximum Leverage | 1:30 |
| Bonuses | No |
| Customer Support | 24/5 |
CM Trading
Overview
CM Trading is an STP broker based in South Africa, offering traders in the rest of Africa opportunities to trade in a variety of financial instruments through MetaTrader 4 and Sirix. CM trading offers competitive trading conditions and is properly regulated to trade Forex, Index and Commodities, including Cryptocurrencies.
Pros and Cons
| PROS | CONS |
| Commission-free accounts | Charges fees for deposits and withdrawals |
| Daily market analysis offered | High minimum deposit requirement |
| Hedging and scalping allowed | |
| Regulated |
Features
| Feature | Information |
| Regulation | FSCA |
| Minimum deposit from | $250 |
| Average spread from | 0.9 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:200 |
| Bonuses | Yes |
| Customer Support | 24/5 |
InstaForex
Overview
InstaForex was established in 2007, is a well-regulated and multi-award-winning broker offering more than 300 financial instruments which can be traded with MetaTrader 4 and MetaTrader 5.
InstaForex provide a variety of flexible trading accounts, some of which offer commission-free trading, free VPS, a variety of trading tools and educational material.
Their quality of services is confirmed by more than dozen awards.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Charges commission |
| MetaTrader 4 and 5 available | EU-clients restricted on leverage |
| Variety of account types and instruments | US clients not allowed |
| Variety of financial |
Features
| Feature | Information |
| Regulation | CySEC, BVI, SVGFSA |
| Minimum deposit from | $1 |
| Average spread from | 0.0 pips |
| Commissions from | 0.03% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
SuperForex
Overview
SuperForex was founded in 2013 and is based in Belize but operates globally and is regulated by the International Financial Services Commission (IFSC). They offer a wide range of financial instruments for trading, investment, and funds management services in more than 150 countries.
Pros and Cons
| PROS | CONS |
| Large variety of accounts | Not properly regulated |
| Leverage offered | Offshore broker |
| More than 300 trading instruments |
Features
| Feature | Information |
| Regulation | IFSC |
| Minimum deposit | $1 |
| Average spread from | fixed from 0 pips |
| Commissions from | 0 |
| Deposit/Withdrawal Fees | Withdrawals charged |
| Maximum Leverage | 1:1000 |
| Bonuses | Welcome bonus |
| Customer Support and hours | 24/7 |
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Frequently Asked Questions
Is forex trading allowed in Burundi?
Yes, citizens of Burundi are allowed to trade on the forex markets.
Who are the best forex brokers in Burundi?
All the forex brokers in Burundi on this list have been tested and are regarded as good to trade with.
What is an easy way for beginners to start trading forex in Burundi?
The best way for a beginner to start trading forex is by opening a demo account with a forex broker as demo accounts simulate the real trading environment therefore giving traders an opportunity to experience forex trading before moving on to live trading accounts.
Do forex brokers in Burundi offer demo trading accounts?
Yes, most of the brokers in Burundi in this article do have a demo trading account option.
Are Islamic forex trading accounts available in Burundi?
Yes, many of the brokers in this article do offer the option of an Islamic forex trading account.
Top 4 Brokers
