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 Forex Brokers with ZAR Accounts

Best Forex Brokers with ZAR Accounts ( Rand )

 

The 10 Best Regulated Forex Brokers with ZAR Accounts in South Africa revealed. We tested and verified the best brokers offering trading conditions in the South African Rand. (R) 🇿🇦

 

This is a complete guide for forex trading brokers with ZAR Trading Accounts. Updated for 2025.*

In this in-depth guide, you’ll learn:

  • How to choose the best ZAR trading broker.
  • How to compare the best trading apps for ZAR trading pairs.
  • Who are all the best forex brokers for South African ZAR / Rand accounts for 2025?
  • What is the significance of ZAR accounts for South African traders?
  • Step-by-step instructions on how to sign up for a ZAR trading account.
  • Regulations for trading in the RAND currency are according to the FSCA.

And Lots more…

 

So, if you’re ready to go “all in” with trading in your native RAND account, this guide is for you.

Let’s dive right in…

 

Best Forex Brokers with ZAR Accounts

✅ Forex Broker💰 Minimum Deposit🔥 Open an Account💼 Key Features📜Regulators
🥉 HF MarketsR0 ($0)👉 Open AccountCompetitive spreads,
ZAR accounts
CySEC,
FSCA,
FCA,
FSA,
DFSA,
CMA,
St. Vincent & the Grenadine
🥇 ExnessR150 ($10)👉 Open AccountHigh leverage,
low costs
CBCS,
CySEC,
FCA,
FSA,
FSC,
FSCA,
CMA
🥇 TickmillR3534 ($200)👉 Open AccountSouth African focus, competitive spreads,
local customer support
CySEC,
FCA,
FSA,
FSCA
🏅XMR75 ($5)👉 Open AccountLow spreads,
multiple account types
IFSC,
FCA,
CySEC,
ASIC,
CMA
🥈Trade NationR0 ($0)👉 Open AccountLocal presence,
low deposit
FCA,
ASIC,
FSCA,
SCB,
FSA
🥈AvaTradeR1500 ($100)👉 Open AccountStrong platform
variety, fixed spread options,
educational resources
ASIC,
FSA,
CBI,
BVI,
FSCA,
FRSA,
CySEC,
ISA,
JFSA
🥉FP MarketsR1500 ($100)👉 Open AccountTransparent pricing,
ZAR options
ASIC,
CySEC,
FSCA,
CMA
🥇FxProR530 ($30)👉 Open AccountComprehensive research tools,
ECN account availability,
strong regulation
FCA,
CySEC,
FSCA
🥉SuperForexR16 ($1)👉 Open AccountLow deposit,
bonus promotions,
accessible for beginners
IFSC
🏅FXCMR883 ($50)👉 Open AccountFocus on tech-driven tools,
active trader programs,
educational resources
FCA

 

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

 

10 Best Forex Brokers with ZAR Accounts (2025*)

  1. ☑️HF Markets – Overall, the Best ZAR South African Forex broker
  2. ☑️ExnessFavorite broker to trade NAS100 in South Africa
  3. ☑️TickmillWell-respected ZAR ODP broker.
  4. ☑️XMNo deposit or withdrawal fees in ZAR.
  5. ☑️Trade NationLowest Minimum Rand Deposit
  6. ☑️AvaTradeLocal RAND broker that offers more than 200 instruments.
  7. ☑️FP MarketsGreat Spreads and Online Trading Experience.
  8. ☑️FXPro Excellent all-around offering for professional traders.
  9. ☑️SuperForexRegulated by the Financial Services Commission.
  10. ☑️FXCMoffers excellent trading tools and education services

 

1. HF Markets

HFM Review

 

HF Markets is listed as one of the Top 100 Companies by the World Finance Magazine and is recognized for its integrity by its peers and the financial industry. HFM is a highly regulated forex broker licensed by major global regulatory bodies, including FCA, CySEC, and the local Financial Security Conduct Authority FSCA.

As an STP broker regulated by multiple major international organizations, HFM is an international broker with a reputation for achieving a stable, fair, secure, and transparent trading environment—a top option as one of the best Forex brokers with ZAR accounts.

 

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

 

Deposits with HFM are handled on weekdays, and conditions apply. With no minimum deposit requirement, HFM provides South African traders with an accessible entry point into the market.

Withdrawals are processed within 24 hours on a weekday, and conditions apply. HFM  provides a strong platform designed for South African traders, featuring various account types

 

Features

🔎BrokerHFM
Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff500+
👩‍💻Amount of active traders300,500 000 mil
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSCA,
CySEC,
FCA,
DFSA,
FSA,
CMA
🌎Country of regulationUK,
South Africa,
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPremium Account,
Zero Spread Account,
Pro Account,
HFcopy Account
💳Institutional AccountsYes
👨‍💼Managed AccountsNot offered
📇Minor account currenciesAUD,
GBP,
USD,
EUR,
CAD,
CHF,
JPY,
SGD,
HUF,
PLN,
NZD,
ZAR
💰Minimum Deposit$0 USD / 0 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree up to a certain amount
📊Spreads from0.1 pips
💸CommissionsNo
💱Number of base currencies supportedOver 50
🚀Swap FeesOvernight financing fees apply
📈Leverage1:30
📏Margin requirements0.50%
☪️Islamic account (swap-free)Yes,
available upon request
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 500+
🗠CFD Stock IndicesYes,
HFM offers CFDs on major global stock indices,
including US30 (Dow Jones),
UK100 (FTSE),
and many more.
⚖️CFD CommoditiesYes,
HFM provides CFDs on a variety of commodities, including Gold, Oil, and others.
📜CFD SharesYes,
HFM allows trading CFDs on a selection of popular company shares,
such as Amazon and Meta.
However, the total number of individual stock CFDs may be limited compared to specialized stock brokers.
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
bank transfers,
electronic wallets.
💵Withdrawal OptionsMust be sent via the same payment method used for deposit
Trading Platforms and Tools
💻Trading PlatformsHFM Platform, MT4
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile
(Android, iOS)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport.za@hfm.com
📞Customer Support Contact Number+27-104 439 924
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website27 languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support.
👨‍🏫Amount of partners41 000
📋IB ProgramYes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients.
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open Account👉Open Account

 

HFM Forex Brokers with ZAR Accounts

 

Pros and Cons

✅ Pros❌ Cons
Test Trading SkillsDoes not fully simulate real trading conditions
Test Broker before sign up to live accountCan breed negative habits
Test Trading strategiesThree entities in offshore zones

 

Our Findings

HFM introduces ZAR accounts to make trading more convenient and cheaper for its South African clients. These accounts are used specifically by South African traders. Thus, they can execute transactions and manage their funds in their native currency without converting it. As a result, they eliminate currency exchange expenses that might be high enough to make significant savings.

 

 

2. Exness

Exness Review

 

For traders in South Africa, there is now provision for the ZAR (South African Rand) trading account, making it considerably more convenient and local for those trading and transacting within the region with their specific currency.

This account allows the South African forex trader to support money directly and withdraw funds in the domestic denomination while saving an extensive counter-conversion cost on each transaction.

 

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

 

Competitive spreads, quick execution, and access to a variety of trading instruments meeting consumer preferences indicate that Exness ZAR is a strong consideration for someone looking for low-cost forex trading.

Exness is a leading Cyprus-based Forex broker highly regulated in several jurisdictions, including the CBCS, CySEC, FCA, FSA, FSC, and FSCA.

Exness is listed as the best stock trading app in South Africa because of its excellent trading environment that enhances trading strategies. Exness is one of the best investment apps that offer stock CFD trading.

 

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

 

 

Pros and Cons

✅ Pros❌ Cons
Easy account opening processSome trading conditions restricted in certain jurisdictions due to regulation
Extremely low minimum deposit
High leverage

 

Our Findings

Exness offers ZAR (South African Rand) accounts that enable savvy traders to trade in their local currency. This is particularly useful for South African traders because they do not have to convert money into other currencies, which helps them reduce trading costs. ZAR accounts provide traders with a better experience and make Exness more attractive as a choice.

 

 

3. Tickmill

Tickmill Review

 

Tickmill is regulated by the Financial Sector Conduct Authority (FSCA) as Tickmill South Africa (Pty) Ltd, under FSP 49464. Their global regulations are listed below in the table.

We will process payments only in EUR, GBP, ZAR, and USD. Payments done in other currencies will be automatically converted to the above-stated currencies as per your bank or eWallet, which may charge a conversion fee in that case, and that is something beyond our control.

 

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

 

Tickmill offers three live accounts in addition to a demo account. The required initial deposit is the main determining factor, though the account type enhances the terms of trade.

The specific requirements of its South African customers come first at Tickmill, shown by the presence of ZAR accounts.

It is easy for South African traders to trade forex on Tickmill since the broker has a ZAR account, which is local to SA traders.

Tickmill knows that it is a struggle and also very costly to convert currencies all the time, therefore they allow their traders to trade in local currency without conversion each time they open or close a position. Hence, traders can plan their strategies, not thinking about other things going up and down, such as exchange rates.

This broker’s commitment to having ZAR accounts shows how much they care about serving their South African customer base.

 

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

Pros and Cons

✅ Pros❌ Cons
Advanced trading platforms such as MetaTrader 4 and 5 are available to South AfricansTickmill provides a limited set of research tools and market analysis
South Africans can take part in frequent promotions and competitions, including a $30 no-deposit bonusSouth Africans may find educational options that are less targeted to local market needs
Tickmill provides risk management solutions to help traders manage their trading risks effectivelyPromotional offers and bonuses may be less appealing to South Africans compared to some local competitors

 

Our Findings

The specific requirements of its South African customers come first at Tickmill, shown by the presence of ZAR accounts. South African traders can easily trade forex on Tickmill as the broker has a ZAR (South African Rand) account that is local to SA traders.

 

 

4. XM

XM Review

 

Since then, XM.com has become a large and well-established international investment firm and industry leader, with over 2,500,000 clients from 196 countries.

This implies that natives from South Africa can easily deposit money, make trades, and withdraw money using the Rand, enhancing easy financial interactions within the country and making them more efficient and reliable.

 

Min Deposit

USD 5

Regulators

FSC, CySEC, ASIC,

Trading Platform

MT4, MT5

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

XM.com can be described as a worthwhile company for potential traders, retail traders, experienced traders, or professional traders,  knowing that they approach your needs with openness to cultural, national, ethnic, and religious diversity.

Their advanced trading platforms and flexible trading conditions suit a diverse global clientele. Their expertise is due to extensive experience and knowledge of the global financial markets.

 

Features

Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff450+
👩‍💻Amount of active tradersOver 5 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationIFSC,
FCA,
CySEC,
ASIC,
CMA
🌎Country of regulationAustralia,
Cyprus,
Belize
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$5 / R89
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported11
🚀Swap FeesApplicable
📈LeverageUp to 1:1000
📏Margin requirementsVaries by asset and region
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,000+
🗠CFD Stock Indices30+
⚖️CFD Commodities15+
📜CFD Shares1,200+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
XM WebTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals, indicators,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@xm.com
📞Customer Support Contact Number+357 25029933
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website25+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes (in multiple languages)
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 5,000
📋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 Account👉 Open Account

 

XM Forex Brokers with ZAR Accounts

Pros and Cons

✅ Pros❌ Cons
Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking licenseIncreased spreads on the Micro and Standard accounts
55+ Currency pairs to trade withSouth Africans may find educational options that are less targeted to local market needs
Low stock CFD withdrawal feesNo 24/7 Customer support

 

Our Findings

XM provides ZAR accounts to give South African traders a more personalized trading experience. By making these accounts available, XM avoids the need to convert currency. Consequently, these should lessen the hassle of additional charges and complexities of changing money when trading.

 

 

5. Trade Nation

TradeNation Review

 

Overall, Trade Nation is considered a low-to-medium risk broker with an overall trust score of 79 out of 99.

Trade Nation is a trustworthy broker regulated and licensed by the FCA, ASICFSCA, and SCB (high trust).

 

Min Deposit

USD 0

Regulators

FCA, ASIC, FSCA, SCB, FSA

Trading Platform

MT4, Trade Nation Platform

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Trade Nation provides two different account types: an Individual account for retail customers and a Corporate account for corporate clients. Trade Nation offers GBP, USD, EUR, AUD, and ZAR accounts, as well as DKK, NOK, and SEK.

Trade Nation offers a range of educational materials to assist Beginner Forex Traders with their overall trading experience. Trade Nation also offers MT4 and CloudTrade as mobile apps.

Customer support is available 7 am-10 pm Monday through Friday and 12 pm-10 pm Saturday and Sunday; the trading desk is available 24/5.

 

Features

🔍Featureℹ️ Information
🗓 Year Founded2014
👥 Amount of Staff100+
📊 Amount of Active Traders10,000+
🏢 Publicly TradedNo
Regulation and Security
🛡 RegulationFSCA,
FCA,
ASIC
🔑 Account SegregationYes
🚫 Negative Balance ProtectionYes
🛡 Investor Protection SchemesYes
Account Types and Features
🏛 Institutional AccountsNo
🧑‍💼 Managed AccountsNo
💵 Minor Account CurrenciesZAR,
GBP,
USD,
EUR
💳 Minimum Deposit$0 / ZAR 0
Trading Conditions
⏱ Average Deposit/Withdrawal Processing Time1–3 days
💸 Fund Withdrawal FeeNo
📉 Spreads From0.3 pips
💰 CommissionsNo
💱 Number of Base Currencies Supported4
🔄 Swap FeesYes
📈 LeverageUp to 1:200
🏦 Margin RequirementsBased on position size
🌙 Islamic Account (Swap-Free)Yes
🧪 Demo AccountYes
⏲ Order Execution Time0.1 seconds
💻 VPS HostingYes
Trading Instruments
📉 CFDs - Total Offered3,500+
📊 CFD Stock Indices10+
🛢 CFD Commodities5+
🏦 CFD Shares1,000+
Deposits and Withdrawals
💳 Deposit OptionsBank Transfer, Debit/Credit Cards,
E-wallets
💵 Withdrawal OptionsBank Transfer, Debit/Credit Cards,
E-wallets
Trading Platforms and Tools
💻 Trading PlatformsMT4,
Trade Nation WebTrader
🖥 OS CompatibilityWindows,
MacOS,
iOS,
Android
🛠 Forex Trading ToolsEconomic Calendar,
Technical Analysis
Customer Support
💬 Live Chat AvailabilityYes
✉️ Customer Support Emailsupport@tradenation.com
📞 Customer Support Contact+44 203 180 5952
🌐 Social Media PlatformsFacebook,
Twitter,
LinkedIn
Educational Resources
🏫 Forex CourseYes
🖥 WebinarsYes
📖 Educational ResourcesGuides,
Tutorials,
Videos
Partnerships and Programs
💼 Affiliate ProgramYes
🌐 Amount of Partners50+
👥 IB ProgramYes
🎉 SponsorshipsNo
💸 Rebate ProgramYes
South African Trader Info
✔️ Accepts South African TradersYes
🇿🇦 FSCA RegulatedYes
🌐 Affiliate Program for SAYes
💵 ZAR AccountsYes
👉Open Account👉 Open Account

 

Trade Nation

 

Pros and Cons

✅ Pros❌ Cons
Good customer support is providedHigh forex fees are applicable
Good research and education tools providedTraders may find educational options that are less targeted to local market needs
No inactivity fees chargedNot a large product portfolio

 

Our Findings

Trade Nation is popular worldwide for its transparency, competitive prices, and strong client support. Offering a variety of trading instruments such as foreign exchange and indices, among others, it serves the needs of beginners and professionals in trade. It has easy-to-use tools for the users, teaching materials, and fees without any deceitfulness. By being fair and following the norms of fair trading, the company focuses on exits.

 

 

6. AvaTrade

AvaTrade Review

 

AvaTrade is an Ireland-based company founded in the year 2006 to empower people‘s ability to trade confidently.

Administrative headquarters of the company are kept in Dublin, sales centers are set up in Dublin, Paris, Milan, Sydney, Tokyo, Madrid, Mongolia, Beijing, Nigeria, Santiago, and Johannesburg.

 

Min Deposit

USD 100

Regulators

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

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

With strong core values of integrity and innovation, AvaTrade vows to put the customer first.

It aims to successfully assist traders of all levels and ensure its clients a pleasant experience. The AvaTradeGO app is available anytime, anywhere, and provides a user-friendly interface and innovative tools to meet this need.

The Australian Securities and Investments Commission (ASIC), the Japanese Financial Services Agency (FSA), and the Financial Futures Association of Japan (FFAJ) are also included.

Two hundred thousand registered traders worldwide place more than two million trades monthly and are happy to get the choice, support, and security they need.

 

Features

CategoryDetails
Company Information
🏷️Company NameAvaTrade
📍Headquarters LocationDublin, Ireland
📅Year Established2006
👤CEO/FounderDáire Ferguson
🌐Global Offices Over 15 offices worldwide,
including Japan,
Australia,
and South Africa
🔖Licensing BodyCentral Bank of Ireland, ASIC,
FSA (Japan),
FSCA (South Africa),
ADGM (UAE)
👥Group CompaniesAva Capital Markets,
AvaTrade EU,
AvaTrade Japan,
AvaTrade Middle East
🏛️Business ModelMarket Maker
🌍Operational LanguagesOver 20 languages, including English,
Spanish,
French,
and Arabic
🏆Awards & RecognitionsBest Broker 2023,
Best Trading App 2022, among others
Regulation and Security
🛡️RegulationCBI,
BVI FSC,
ASIC,
FSCA,
ADGM,
FRSA,
ISA
✔️Compliance StandardsAdheres to MiFID II,
ASIC regulations,
and other regional compliance standards
💼Client Fund Segregation Yes,
client funds are held in segregated accounts
🪫Negative balance protectionYes,
ensuring traders cannot lose more than their account balance
🕵️‍♂️Financial Conduct OversightRegular audits and monitoring by respective regulatory bodies
💰Insurance CoverageProfessional indemnity insurance in line with regulatory requirements
📋AML & KYC PolicyStrict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies
🔒Security of Trading PlatformAdvanced SSL encryption, two-factor authentication (2FA), and secure servers
🛡️Investor Compensation FundMember of investor compensation schemes depending on regional regulations
🖥️Cybersecurity MeasuresRobust firewalls, regular penetration testing,
and secure backups
Account Types and Features
⚙️Standard Account Yes,
available with competitive features
📊ECN Account No,
AvaTrade does not offer an ECN account
🌙Islamic AccountYes,
swap-free accounts are available for Muslim traders
🎮Demo Account Yes,
a free demo account is available with virtual funds
👑VIP AccountYes,
available for high-net-worth traders with enhanced features
💵Minimum Deposit$100 / R1806
💱Base CurrenciesUSD,
EUR,
GBP,
AUD,
and others depending on the region
⚖️Leverage OptionsUp to 1:400
(varies based on region and asset class)
📈Spreads (Fixed/Variable)Fixed spreads
EUR/USD starts at 0.9 pips
🔄Swap-Free AccountsYes,
available for Islamic accounts
🌐Account Currency ConversionYes,
account currencies can be converted
during setup
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedNo,
scalping is not permitted under AvaTrade’s policies
🔁Copy Trading SupportYes,
through integration with ZuluTrade and DupliTrade
👥Social Trading FeaturesYes,
via third-party platforms
💼Managed AccountsNo, AvaTrade does not offer managed accounts
Trading Conditions
🔍Average SpreadsEUR/USD starts from 0.9 pips (fixed spreads)
💲Commissions per Trade None,
spreads only
🔢Leverage RangeUp to 1:400
🚀Execution SpeedUltra-fast execution
📊Order Execution TypeMarket execution
🔄Slippage PolicyMinimal slippage,
detailed in terms
📏Margin requirementsVaries by asset class
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees Applicable,
waived for Islamic accounts
📆Rollover PolicyFollows market standards
🛑Guaranteed Stop LossYes,
for specific instruments
Trading Instruments
💹Forex Currency Pairs55+ pairs,
including majors,
minors,
and exotics
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes,
including soft commodities
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes (via platforms and email)
📉StocksYes,
global stocks available
🗂️ETFsYes
🏛️BondsNo
📜Futures Contracts No
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes,
leverage up to 1:400
🎯Micro-Lot TradingYes
💸Spread BettingYes,
available in some regions
🧺Currency BasketsNo
Deposits and Withdrawals
💳Deposit MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller),
Local Payment Methods
💵Withdrawal MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller)
⏱️Processing Time for DepositsYesInstant for most methods,
1-3 business days for bank transfers
🕒Processing Time for Withdrawals24-48 hours for most methods,
up to 5 business days for bank transfers
🚫Deposit FeesNo
💵Withdrawal FeesNo
🔢Minimum Deposit Amount$100
📉Minimum Withdrawal Amount$100 (may vary by method)
🚪Maximum Withdrawal Limit No specific limit,
subject to account balance
💱Supported CurrenciesUSD,
EUR,
GBP,
AUD,
and more
₿Crypto Deposits & WithdrawalsNot supported
🏦Bank Wire TransfersSupported
💳Credit/Debit CardsSupported
📲E-Wallets
(Skrill, Neteller, etc.)
Supported
🏘️Local Payment MethodsSupported
(varies by region)
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes,
fully supported
👩‍💻MetaTrader 5 (MT5)Yes,
available for advanced trading
🖥️Proprietary PlatformYes,
AvaTradeGo and WebTrader
📱Mobile Trading AppYes,
AvaTradeGo offers comprehensive mobile trading
🌐Web-Based PlatformYes,
WebTrader is available
🤖Trading BotsYes,
compatible with EAs (Expert Advisors)
🖧VPS ServicesAvailable upon request
🔌API ConnectivityNo
📉Charting ToolsAdvanced charting tools are available
🧮Custom IndicatorsSupported via MT4/MT5
🧠Market Sentiment Analysis Yes,
integrated into platforms
📩Trading SignalsYes,
via partnerships with Trading Central
🏷️Advanced Order TypesYes,
including stop orders and limit orders
⚠️Risk Management ToolsYes,
includes guaranteed stop-loss and negative balance protection
📅Economic Calendar Yes,
provided within the platform
📰Market News Feed Yes,
updated in real-time
Customer Support
📞Support ChannelsLive Chat,
Email,
Phone,
FAQ/Help Center
🗨️Live Chat Availability24/5
📧Email SupportAvailable
📱Phone SupportAvailable
🌍Multilingual SupportYes,
supports multiple languages
❓Help Center/FAQComprehensive Help Center and FAQs
👨‍💼Dedicated Account ManagerAvailable for premium accounts
⏲️Response Time (Live Chat)Within a few minutes
🕒Response Time (Email)24-48 hours
⭐Support Rating High-rated for responsiveness and efficiency
Educational Resources and Support
🎥Webinars Regular webinars on various trading topics
🏫SeminarsAvailable in selected locations
📖Trading TutorialsComprehensive beginner and advanced tutorials
📊Market Analysis ReportsDaily and weekly market analysis reports
📚E-BooksVarious e-books covering different aspects of trading
🎬Video LibraryExtensive library with video tutorials
📜GlossaryDetailed glossary of trading terms
❔FAQs Frequently Asked Questions section covering general and account-related inquiries
🆕Beginner GuidesStep-by-step beginner guides to help new traders
🚀Advanced Trading StrategiesIn-depth strategies for experienced traders to enhance trading skills
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Commission-based program for affiliates promoting AvaTrade
🏷️White Label SolutionsCustomized solutions for financial institutions and brokers to offer AvaTrade's services under their brand
🎁Partnership Rewards Rewards and bonuses for partners based on performance and business growth
🏛️Institutional SolutionsTailored solutions for financial institutions, including liquidity services
🔌API Partnership AvaTrade offers API access for integrating their trading services into third-party platforms
🤝Referral ProgramIncentives for clients who refer new traders to AvaTrade
Fees & Charges
💳Deposit FeesNo deposit fees for most methods
📤Withdrawal FeesNo withdrawal fees for most methods
💤Inactivity FeeInactivity fee of $50/month after 3 months of no trading activity
🌜Overnight Fees (Swaps)Charges/credits depend on the position,
asset class,
and market conditions
💱Conversion FeesConversion fees apply when depositing or withdrawing in a different currency than the account's base currency
💰Commission on TradesNo commission for standard accounts,
but commissions may apply for certain account types like ECN accounts
Market Research ToolsAvaTrade offers an economic calendar with key financial events and news updates.
📅Economic CalendarAvaTrade offers an economic calendar with key financial events and news updates.
📰Market NewsAvaTrade provides real-time market news from leading financial sources.
📩Trading Signals AvaTrade offers trading signals through third-party providers and on its platform.
🔧Technical Analysis ToolsAvaTrade includes charting tools,
technical indicators,
and analysis features.
💭Sentiment Analysis AvaTrade provides sentiment indicators, showing the market mood and trends.
Additional Features
👥PAMM/MAM Accounts AvaTrade offers PAMM
(Percentage Allocation Management Module) and MAM
(Multi-Account Manager)
accounts for fund managers and clients.
🔗Social Trading PlatformAvaTrade provides a social trading platform allowing users to follow and copy trades of others.
🏆Trading CompetitionsAvaTrade hosts periodic trading competitions with cash prizes and other rewards.
🎁Loyalty RewardsAvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders.
👑Exclusive VIP PerksAvaTrade offers VIP clients exclusive services like personalized account management and special offers.
Promotions & Bonuses
🎁Welcome Bonus AvaTrade offers a welcome bonus to new clients upon opening and funding their accounts.
💵Deposit Bonus AvaTrade may offer deposit bonuses,
providing additional trading funds on qualifying deposits.
🏅Trading ContestsAvaTrade organizes trading contests,
where participants can win prizes based on their trading performance.
🌟Seasonal PromotionsAvaTrade runs seasonal promotions throughout the year,
offering special deals and bonuses.
🎖️Loyalty ProgramsAvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses.
User Experience & Reviews
🖥️User Interface QualityAvaTrade’s platform offers a clean and intuitive interface,
designed for both beginner and experienced traders.
🔒Platform StabilityAvaTrade’s platform is known for its stability,
with minimal downtime and robust performance under various market conditions.
📱Mobile App Reviews The mobile app receives positive reviews for its ease of
use,
offering a wide range of features similar to the desktop platform.
⭐Overall User RatingAvaTrade generally holds a solid rating from users,
with many praising its comprehensive offerings and user-friendly interface.
🌟Trustpilot RatingAvaTrade maintains a strong Trustpilot rating,
with many clients expressing satisfaction with their services.
😟Common ComplaintsCommon complaints include slow customer support response times and occasional withdrawal issues.
Mobile
📱Mobile App NameAvaTradeGO
🛠️Developer AvaTrade Ltd.
📅Release Year2019
💻OS CompatibilityiOS, Android
🌐Languages SupportedEnglish,
French,
Spanish,
Italian,
Arabic,
Portuguese,
and others
📈Trading InstrumentsForex,
CFDs,
Commodities,
Stocks,
Indices,
Cryptocurrencies
🔄Real-Time DataYes,
with live market data and updates
🛠️Charting ToolsAdvanced charting tools with technical analysis indicators
📊Order Types SupportedMarket Orders,
Limit Orders,
Stop Orders,
OCO,
Trailing Stop
🚀Order Execution SpeedFast,
near-instant execution on mobile
🔔Custom Alerts Yes,
users can set price alerts and notifications
🤝Beginner-Friendly Yes,
the app is designed with simplicity and ease of use
🔐Security FeaturesTwo-factor authentication (2FA), encryption
🖥️SynchronizationSyncs across all devices (mobile and desktop)
💰Deposit and Withdrawal Yes,
mobile deposits and withdrawals are supported
📝Account Types AccessibleAll account types available,
including demo accounts
🔄Switch AccountsYes,
users can switch between accounts easily
💬In-App SupportLive chat support available within the app
📚Educational Resources Access to tutorials, webinars,
and market analysis
🎯WatchlistYes,
users can create and manage a personalized watchlist
🌙Dark ModeYes,
the app supports dark mode for better visibility
🌐Social TradingYes,
users can engage in social trading within the app
AI Trading Resources
🤖AI IntegrationAvaTrade offers AI-powered trading tools,
integrated into the platform
📊Data Analysis Yes,
AI-driven data analysis for enhanced decision-making
📈Predictive AnalyticsYes,
predictive tools are available to anticipate market trends
🛠️Customizable StrategiesYes,
users can customize their trading strategies using AI tools
📉Risk Management ToolsAdvanced AI tools to assess and manage trading risks
🧑‍🏫Trading InsightsAI-based insights and recommendations for optimal trades
🚀Execution OptimizationAI-driven algorithms that optimize order execution speed
🔄Portfolio RebalancingYes,
AI can assist in portfolio rebalancing based on market changes
📚AI TutorialsAvailable educational resources on how to use AI tools in trading
🎥Video DemonstrationsYes,
video tutorials explaining how to use AI features
🧑‍🤝‍🧑Webinars Yes,
webinars are available to discuss AI trading strategies
🔍AI-Powered Search Yes,
search tools are enhanced with AI to provide more accurate results
🌟Beginner-Friendly Yes,
AI tools are designed to be accessible for beginners
🖥️Platform AvailabilityAvailable on both desktop and mobile platforms
📈Backtesting CapabilityYes,
users can backtest strategies using historical data
🛠️Strategy BuilderYes,
users can build and customize their own AI-driven strategies
🔔Alerts and NotificationsYes,
AI-powered alerts for market events and strategy changes
🔒Data ProtectionStrong encryption and data protection measures in place
👁Transparency Full transparency on how AI algorithms work and make decisions
Social Media Platformst
📘FacebookAvaTrade is active on Facebook,
providing updates,
news,
and promotions.
📷InstagramAvaTrade uses Instagram to share educational content,
market analysis,
and trading tips.
🐦Twitter AvaTrade regularly tweets market insights, promotions, and company news.
💼LinkedIn AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news.
🎥YouTubeAvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content.
👉Open AccountOpen Account

 

AvaTrade

 

Pros and Cons

✅ Pros ❌Cons
Wide range of CFDs assets to trade - 1000+You can’t buy stock or cryptocurrency
Worldwide regulated (mention the regulation if necessay)Cryptocurrency deposit is not accepted
Award winnerQuarterly and annual inactivity fees
Multiple platform – MT4, MT5, etcCostumer support is not available 24/7
Negative balance protectionNo bonus for EU based clients
20% welcome bonusNo US clients accepted
Education contentSpread is higher then others brokers
Beginners, friendly platform (webtrade)Imitated crypto assets– only the popular ones are offer

 

Our Findings

Based on my research for this AvaTrade Review, the broker appears to be a regulated broker whose primary focus is on beginners’ education. They use user-friendly platforms and mobile apps to provide CFD and forex trading on various assets. Remember that trading CFDs is highly speculative and may result in the loss of your entire portfolio.

 

 

7. FP Markets

Fp markets review

 

FP Markets requires a minimum $100/ R1700 deposit in South Africa. South African traders can open positions on over 70 forex pairs, with spreads from 0 pips and leverage up to 1:500.

 

Min Deposit

USD 100

Regulators

ASIC, CySEC, FSCA, CMA

Trading Platform

MT4, MT5, Iress Trader, cTrader

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FP Markets renders courses in both MetaTrader 4 and MetaTrader 5 stages. These degrees are stylish because of their rule-breaking trading gears and characteristics.

Ultra-thin spreads, quick execution, and various explanations for disparate trading wishes are the benefits of traders. There is no doubt that this company offers the best client service, so buying or selling products here will be perfect.”

 

Features

🔎BrokerFP Markets
Company Information
📅Year Founded2005
🧑🏻‍💻Amount of staff274
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC, CySEC, FSCA, FSA, FSC, CMA
🌎Country of regulationAustralia, Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw ECN, and VIP accounts available
💳Institutional AccountsYes, tailored solutions for institutional clients
👨‍💼Managed AccountsYes, offered through third-party managed account services
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, and others
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposits are typically processed instantly; withdrawals usually within 1-2 business days
🪙Fund Withdrawal FeeGenerally no fees for withdrawals; may vary based on method
📊Spreads fromSpreads start from 0.0 pips on Raw ECN accounts
💸CommissionsFrom $3.5 per side per lot on Raw ECN accounts
💱Number of base currencies supportedOver 10 base currencies including USD, EUR, GBP, AUD, JPY, and others
🚀Swap FeesSwap fees apply; may vary depending on the position and account type
📈LeverageUp to 1:500 depending on the account type and instrument
📏Margin requirementstypically 0.2% - 1%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically 40-50 milliseconds on Raw ECN accounts
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,000 CFDs across various asset classes
🗠CFD Stock IndicesYes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more
⚖️CFD CommoditiesYes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more
📜CFD SharesYes, A wide range of global stocks from major markets including US, UK, EU, and Asia
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets
💵Withdrawal OptionsBank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/7
📱Customer Support email addresssupport@fpmarkets.com
📞Customer Support Contact Number+61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK)
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish, Chinese, Arabic, and other major languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 100,000 affiliates
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
South African Trader Specific Information
Does FP Markets Accept South African Traders?Yes
Is FP Markets regulated by the South African regulatory body (FSCA)?Yes
Does FP Markets offer an Affiliate Program for South African Traders?Yes
Does FP Markets allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

FP Markets

 

Pros and Cons

✅ Pros❌ Cons
South African traders can benefit from FP Markets' advanced technology infrastructureFP Markets only supports one local deposit and withdrawal method specifically for South Africans
South Africans have access to extensive customer service from a skilled and attentive crewBecause of FP Markets' worldwide focus, certain South African payment methods may not be supported
FP Markets provides a thorough instructional suite, which is advantageous for South African traders wishing to improve their trading knowledge and skillsWhile the high leverage provided by FP Markets may be beneficial, it also increases the danger of substantial losses

 

Our Findings

FP Markets is a broker for CFDs and forex with years of trading experience, with fees that compare well to other providers and good trading tools. At FP Markets, traders can access more than 10,000 different assets, such as currency trading, stock market indexes, commodities, and basic stocks. Major regulators, like ASIC and CySEC, allow their licenses to FP Markets, making sure it runs in a safe and fair way. The two popular programs brokers use at FP Markets are MetaTrader 5 and MetaTrader 4.

 

 

8. FXPro

FxPro Review

 

FxPro offers clients access to Contracts for Difference (CFDs) on six asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energies. Its services are available in more than 170 countries worldwide.

 

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

 

FxPro does provide a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.  The FxPro demo account expires after 180 days.

With FxPro Wallet, the platform made funding and withdrawal of funds even easier.

You can transfer money between your trading accounts and the FxPro Wallet when the option is possible. Funding in USD, EUR, GBP, CHF, PLN, AUD, JPY, and ZAR is accommodated by FxPro when it comes to making funding and withdrawals.

 

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 Landing Page

 

Pros and Cons

✅ Pros❌ Cons
Easy account openingOnly CFDs and forex
Great customer serviceHigh trading fees
Free deposit and withdrawalInactivity fee

 

Our Findings

Suitable for traders with any level of experience, the FxPro service is thus an appropriate option for both novices and financial experts who have stayed in this sector for a long time. It can serve various traders because it is designed with a wide range of user-centered elements, various categories of accounts, and state-of-the-art tools.

 

 

9. SuperForex

SuperForex Review

 

SuperForex is very authorized in the international brokerage business as has been registered with the Financial Services Commission (IFSC), which dates from 2013.

Moreover, the activities of high-level trading and investment in the financial supermarkets have continued without obstruction for a long time related to the private and corporate clients around 150 countries of the world, where the actions of Lockheed admit the business as a matter of fact.

In fact, SuperForex comprises trade accounts done in local currencies, free from extra currency conversion costs, such that you focus on earning the same money.

The regulation is a heavy, award-winning organization whose SuperForex brokerage really stands, assuring total defense on your funds.

You may simply and quickly refund your accounts by deposit, or withdraw any profit from your trade, using a segregated account system for the fund security.

 

Min Deposit

USD 1

Regulators

IFSC

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

SuperForex is a legitimate forex trading company and a fully regulated and transparent broker with high operational standards, low trading fees, and superior service delivery. It helps investors reach their objectives.

It caters to traders of all types and with different levels of experience. Trading with SuperForex involves fees from USD 1 / ZAR 16, fixed + floating spreads, and Commissions imposed by third-party providers on the withdrawal options.

SuperForex offers multiple deposit and withdrawal options, including Bank Wire Transfers, Credit/Debit Cards, Electronic Payment, Cryptocurrencies, Local Payment, and SuperForex Money.

 

Features

🔎Broker🥇SuperForex
Company Information
📅 Year Founded2013
🧑🏻‍💻 Amount of staff98+
👩‍💻 Amount of active traders400,000+
🌐 Publicly Traded (Listed Company)No
Regulation and Security
🛡️ RegulationIFSC (Belize)
🌎 Country of regulationBelize
💻 Account SegregationYes
🪫 Negative balance protectionYes
🔋 Investor Protection SchemesNo
Account Types and Features
➕ AccountsStandard, Swap-Free, No Spread, Crypto
💳 Institutional AccountsYes
👨‍💼 Managed AccountsNo
📇 Minor account currenciesYes (EUR, GBP, JPY)
💰 Minimum Deposit$1
Trading Conditions
🕞 Deposit/withdrawal processingInstant for most methods
🪙 Fund Withdrawal FeeNone (but depends on withdrawal method)
📊 Spreads from0.0 pips (No Spread Account)
💸 CommissionsNo commission on Standard accounts
💱 Number of base currencies12+
🚀 Swap FeesYes (except Swap-Free accounts)
📈 LeverageUp to 1:2000
📏 Margin requirementsVariable based on leverage
☪️ Islamic account (swap-free)Yes
💻 Demo AccountYes
⌛ Order Execution Time0.03 seconds on average
📆 VPS HostingYes, free for eligible clients
Trading Instruments
🧾 CFDs - Total Offered400+
🗠 CFD Stock Indices11
⚖️ CFD Commodities7
📜 CFD Shares100+
Deposits and Withdrawals
💳 Deposit OptionsBank Transfer, Credit/Debit Cards, E-wallets
💵 Withdrawal OptionsBank Transfer, Credit/Debit Cards, E-wallets
Trading Platforms/Tools
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
👩‍💻 OS CompatibilityWindows, macOS, iOS, Android
🖥️ Forex trading toolsEconomic Calendar, Market News, AutoChartist
Customer Support
🗣️ Live chat availabilityYes (24/5)
📱 Customer Support emailsupport@superforex.com
📞 Customer Support Contact Number+442032877101
👾 Social media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🗣️ Languages supported10+
Educational Resources and Support
🖺 Forex courseYes (beginner to advanced)
🧏‍♀️ WebinarsYes
📚 Educational ResourcesArticles, Video Tutorials, Glossary, Market News
Partnerships and Programs
🪪 Affiliate program?Yes
👨‍🏫 Amount of partners20,000+
📋 IB ProgramYes
🚀 SponsorshipYes (various sponsorship deals)
🪙 Rebate programYes (for partners and clients)
👉 Open AccountOpen Account

Superforex account 2

Pros and Cons

✅ Pros❌ Cons
RegulatedOffshore regulation
Social trading supportedOnly one trading platform supported
MetaTrader 4 supportedSpreads are not the tightest in the industry

 

Our Findings

SuperForex serves as an internet securities and derivatives trader, providing 400+ instruments that work on the MetaTrader 4 platform and ECN and STP execution. The experience of SuperForex clients who have logged in and undergone account verification processes will be shared as recommendations on registering and opening live accounts, including information on maximum leverage that this company allows and members’ area safety, among other things.

 

 

10. FXCM

FXCM Review

Beginners can use various trading tools and educational resources related to forex. For more experienced traders FXCM provides advanced trading tools education and platforms.

To open a live trading account with FXCM you need to make a minimum deposit of USD 50- At the current exchange rate between the US dollar and the South African Rand, this means you need about R750. 00 ZAR.

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, NinjaTrader, Trading Station

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FXCM also supports most of the major trading platforms, including MT4. It offers commission-free trading, a standard demo account, and a single live account. One powerful way of engaging in global currency trade is through a 14-day trial of FXCM’s free forex trading signals service.

An award-winning and leading provider of online foreign exchange(FX) trading, stocks, CFD trading, and related services in South Africa & worldwide.

 

Features

Company Information
📅Year Founded1999
🧑🏻‍💻Amount of staffOver 150
👩‍💻Amount of active tradersNot publicly disclosed
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA (UK),
ASIC (Australia),
FSCA (South Africa),
CySEC (Cyprus)
🌎Country of regulationUK,
Australia,
South Africa,
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, through regulatory bodies
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesEUR,
GBP,
AUD,
JPY,
CAD
💰Minimum Deposit$50 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeVaries by method
📊Spreads from1.3 pips on EUR/USD
💸CommissionsNone on standard accounts
💱Number of base currencies supported4
🚀Swap FeesApplicable
📈LeverageUp to 30:1
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time20-30 milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 350
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer,
Credit/Debit Cards,
Skrill,
Neteller,
UnionPay,
others
💵Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
Skrill,
Neteller,
UnionPay,
others
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
Trading Station,
NinjaTrader,
ZuluTrade
👩‍💻OS CompatibilityWeb-based (All major browsers),
Windows,
macOS,
iOS,
Android
🖥️Forex trading toolsTrading signals,
Market analysis tools,
Automated trading
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addressinfo@fxcm.com
📞Customer Support Contact Number+44 2073984050
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
🗣️Languages supported on WebsiteEnglish,
French,
German,
Chinese,
Italian,
Arabic,
more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesVideo tutorials,
Articles, Webinars,
Market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?No
🪙Rebate programYes
👉Open Account👉 Open Account

 

FXCM Landing Page

 

Pros and Cons

✅ Pros❌ Cons
Easy Account SetupHigh Withdrawal Fees
Social trading supportedLimited Product Portfolio
Good Technical Tools

 

Our Findings

If you are interested in forex or CFD trading, FXCM Broker is your best bet. It has a tight spread, a user-friendly trading platform that is easy to navigate, and strong regulatory oversight that guarantees security.”

 

 

Conclusion

Overall, South African Rand accounts are readily available. However, many brokers in South Africa only offer USD or EUR accounts, which is mainly due to a lack of ZAR liquidity providers. International-based brokers have their costs priced in USD and do not want to take on the exchange rate risk associated with ZAR trading accounts. Only trade in South Africa with brokers offering ZAR deposits and withdrawals.

The benefits of brokers who offer ZAR as a base currency in South Africa are worth searching for.   Having a Forex broker with a ZAR Account in South Africa is very important for many South African traders, and choosing an account currency that is the same as their home currency has its perks; traders will avoid any broker conversion fees, and they will also avoid the large conversion spreads that banks charge when making a wire deposit or withdrawal.

 

Best Forex Brokers with ZAR Accounts spreads

 

You might also like: Best FCA Regulated Forex Brokers.

You might also like: Best Cryptocurrencies under $1

You might also like: How to make my First Trade in South Africa

You might also like: Best FREE Forex Trading Apps October 2025

You might also like: Best High Leverage Forex Brokers

 

Frequently Asked Questions

 

What is ZAR or Rand?

ZAR is the currency abbreviation for the South African Rand, which is the national currency of South Africa and is distributed by the South African Reserve Bank.

 

What is a ZAR trading account?

ZAR Forex Trading Accounts are especially useful for traders in South Africa as they will help investors avoid losses in fees during the conversion of currency on deposits or withdrawals. Having a ZAR Account will generally imply that all funds with the broker will be kept in Rand.  ZAR trading accounts may also be referred to as African Trading Accounts.

 

Do all brokers have ZAR trading accounts?

No, only a few local South African brokers and a few international brands will make ZAR Forex Trading Accounts available.

 

Does Exness have a ZAR trading account?

Yes.  Exness does make a ZAR Forex Account available to South African traders.

 

What is a ZAR Forex Broker?

The South African rand (ZAR) is the official currency in South Africa,, and a Forex Broker that offers a ZAR Forex Trading Account to its clients can be referred to as a ZAR Forex Broker.

 

Do ZAR Forex Trading Accounts carry currency conversion fees?

If you are a South African Forex Trader who uses a ZAR or Rand account, there is no conversion fee as there will be no currency to convert.

 

Does ZAR form part of any major currency pair?

In addition to its advanced offering, HFM offers deposit bonuses, an instant deposit option, and zero fees for deposits and withdrawals.

 

Is the USD/ZAR pairing classified as an Exotic Currency Pair?

Yes.  The U.S. dollar (USD) / South African rand (ZAR) exchange rate has become one of the most popular exotic currency pairs amongst global forex traders.

 

Why should I have a ZAR trading account?

Having a trading account in Rand (ZAR) for deposits and withdrawals in Forex trading has several advantages. For instance if you trade currency pairs that include ZAR like USD/ZAR or EUR/ZAR you won’t need to convert money when you start or finish a trade.

 

Can a ZAR account be a disadvantage?

Yes.  For traders who mainly trade currency pairs without the ZAR as the quote currency (EUR/USD),  having a ZAR account could be a disadvantage over time as currency conversion fees will come back into play.

 

What Is The Significance of ZAR Accounts for South African Traders?

When traders use brokers that provide ZAR accounts, they gain advantages such as better currency risk management and savings on conversion fees that can reduce profits.

 

Why are there so few Brokers with ZAR Accounts?

Many forex brokers cannot provide accounts in South African Rand (ZAR) because there are not enough ZAR liquidity providers. Also brokers that do offer ZAR accounts need to have a large amount of Rand available in the liquidity pools to support their clients’ trades. Right now there is a clear shortage of banks in South Africa willing to fund this need.

4.7/5 - (26 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

January 21, 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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