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 Markets | R0 ($0) | 👉 Open Account | Competitive spreads, ZAR accounts | CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine |
🥇 Exness | R150 ($10) | 👉 Open Account | High leverage, low costs | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
🥇 Tickmill | R3534 ($200) | 👉 Open Account | South African focus, competitive spreads, local customer support | CySEC, FCA, FSA, FSCA |
🏅XM | R75 ($5) | 👉 Open Account | Low spreads, multiple account types | IFSC, FCA, CySEC, ASIC, CMA |
🥈Trade Nation | R0 ($0) | 👉 Open Account | Local presence, low deposit | FCA, ASIC, FSCA, SCB, FSA |
🥈AvaTrade | R1500 ($100) | 👉 Open Account | Strong platform variety, fixed spread options, educational resources | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA |
🥉FP Markets | R1500 ($100) | 👉 Open Account | Transparent pricing, ZAR options | ASIC, CySEC, FSCA, CMA |
🥇FxPro | R530 ($30) | 👉 Open Account | Comprehensive research tools, ECN account availability, strong regulation | FCA, CySEC, FSCA |
🥉SuperForex | R16 ($1) | 👉 Open Account | Low deposit, bonus promotions, accessible for beginners | IFSC |
🏅FXCM | R883 ($50) | 👉 Open Account | Focus 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
10 Best Forex Brokers with ZAR Accounts (2025*)
- ☑️HF Markets – Overall, the Best ZAR South African Forex broker
- ☑️Exness – Favorite broker to trade NAS100 in South Africa
- ☑️Tickmill – Well-respected ZAR ODP broker.
- ☑️XM – No deposit or withdrawal fees in ZAR.
- ☑️Trade Nation – Lowest Minimum Rand Deposit
- ☑️AvaTrade – Local RAND broker that offers more than 200 instruments.
- ☑️FP Markets – Great Spreads and Online Trading Experience.
- ☑️FXPro – Excellent all-around offering for professional traders.
- ☑️SuperForex – Regulated by the Financial Services Commission.
- ☑️FXCM – offers excellent trading tools and education services
1. HF Markets
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
🔎Broker | HFM |
Company Information | |
📅Year Founded | 2010 |
🧑🏻💻Amount of staff | 500+ |
👩💻Amount of active traders | 300,500 000 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSCA, CySEC, FCA, DFSA, FSA, CMA |
🌎Country of regulation | UK, South Africa, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
💰Minimum Deposit | $0 USD / 0 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free up to a certain amount |
📊Spreads from | 0.1 pips |
💸Commissions | No |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | 1:30 |
📏Margin requirements | 0.50% |
☪️Islamic account (swap-free) | Yes, available upon request |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 500+ |
🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
📜CFD Shares | Yes, 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 Options | Credit/debit cards, bank transfers, electronic wallets. |
💵Withdrawal Options | Must be sent via the same payment method used for deposit |
Trading Platforms and Tools | |
💻Trading Platforms | HFM Platform, MT4 |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support.za@hfm.com |
📞Customer Support Contact Number | +27-104 439 924 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 27 languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
👨🏫Amount of partners | 41 000 |
📋IB Program | Yes, 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 program | Yes |
👉Open Account | 👉Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Test Trading Skills | Does not fully simulate real trading conditions |
Test Broker before sign up to live account | Can breed negative habits |
Test Trading strategies | Three 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
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
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
🔎Broker | Exness |
Company Information | |
📅Year Founded | 2008 |
🧑🏻💻Amount of staff | Over 2,100 |
👩💻Amount of active traders | Over 320,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | EUR/USD & USD/JPY |
💰Minimum Deposit | $10 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.3 pips |
💸Commissions | Varies by account type, often commission-free |
💱Number of base currencies supported | +40 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:2000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@exness.com |
📞Customer Support Contact Number | +35725030959 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | 15 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 64 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Easy account opening process | Some 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 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 Founded | 2014 |
👨Current CEO | Duncan Anderson |
🧑🤝🧑Founder/s | Not publicly available |
🧑🏻💻Amount of staff | 441 |
👩💻Amount of active traders | Over 400 000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, FCA, CySEC, FSCA |
🌎Country of regulation | Seychelles, UK, Cyprus, South Africa |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
⛗Two-step Authentication | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Plus account and Raw account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, ZAR |
💰Minimum Deposit | USD 100 / 1812 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.0 pips |
💸Commissions | Varies by account type, often commission-free, $2 per side per lot (Pro Account) |
💱Number of base currencies supported | 4 (EUR, USD, GBP, PLN) |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:1000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes, for an additional fee |
Trading Instruments | |
🧾CFDs-Total Offered | Over 725 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
👁️🗨 Watchlist | Yes |
🔔 Trade Alerts | Yes |
💼 Trading Stocks with GP | Yes |
📉 Trading Indices with GP | Yes |
💹 Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support@tickmill.com |
📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | 17 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 9000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Advanced trading platforms such as MetaTrader 4 and 5 are available to South Africans | Tickmill 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 bonus | South 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 effectively | Promotional 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
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
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 Founded | 2009 |
🧑🏻💻Amount of staff | 450+ |
👩💻Amount of active traders | Over 5 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | IFSC, FCA, CySEC, ASIC, CMA |
🌎Country of regulation | Australia, Cyprus, Belize |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $5 / R89 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 11 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:1000 |
📏Margin requirements | Varies by asset and region |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,000+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 1,200+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, XM WebTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, indicators, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | +357 25029933 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 25+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes (in multiple languages) |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 5,000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking license | Increased spreads on the Micro and Standard accounts |
55+ Currency pairs to trade with | South Africans may find educational options that are less targeted to local market needs |
Low stock CFD withdrawal fees | No 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
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, ASIC, FSCA, 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
🔍Feature | ℹ️ Information |
🗓 Year Founded | 2014 |
👥 Amount of Staff | 100+ |
📊 Amount of Active Traders | 10,000+ |
🏢 Publicly Traded | No |
Regulation and Security | |
🛡 Regulation | FSCA, FCA, ASIC |
🔑 Account Segregation | Yes |
🚫 Negative Balance Protection | Yes |
🛡 Investor Protection Schemes | Yes |
Account Types and Features | |
🏛 Institutional Accounts | No |
🧑💼 Managed Accounts | No |
💵 Minor Account Currencies | ZAR, GBP, USD, EUR |
💳 Minimum Deposit | $0 / ZAR 0 |
Trading Conditions | |
⏱ Average Deposit/Withdrawal Processing Time | 1–3 days |
💸 Fund Withdrawal Fee | No |
📉 Spreads From | 0.3 pips |
💰 Commissions | No |
💱 Number of Base Currencies Supported | 4 |
🔄 Swap Fees | Yes |
📈 Leverage | Up to 1:200 |
🏦 Margin Requirements | Based on position size |
🌙 Islamic Account (Swap-Free) | Yes |
🧪 Demo Account | Yes |
⏲ Order Execution Time | 0.1 seconds |
💻 VPS Hosting | Yes |
Trading Instruments | |
📉 CFDs - Total Offered | 3,500+ |
📊 CFD Stock Indices | 10+ |
🛢 CFD Commodities | 5+ |
🏦 CFD Shares | 1,000+ |
Deposits and Withdrawals | |
💳 Deposit Options | Bank Transfer, Debit/Credit Cards, E-wallets |
💵 Withdrawal Options | Bank Transfer, Debit/Credit Cards, E-wallets |
Trading Platforms and Tools | |
💻 Trading Platforms | MT4, Trade Nation WebTrader |
🖥 OS Compatibility | Windows, MacOS, iOS, Android |
🛠 Forex Trading Tools | Economic Calendar, Technical Analysis |
Customer Support | |
💬 Live Chat Availability | Yes |
✉️ Customer Support Email | support@tradenation.com |
📞 Customer Support Contact | +44 203 180 5952 |
🌐 Social Media Platforms | Facebook, Twitter, |
Educational Resources | |
🏫 Forex Course | Yes |
🖥 Webinars | Yes |
📖 Educational Resources | Guides, Tutorials, Videos |
Partnerships and Programs | |
💼 Affiliate Program | Yes |
🌐 Amount of Partners | 50+ |
👥 IB Program | Yes |
🎉 Sponsorships | No |
💸 Rebate Program | Yes |
South African Trader Info | |
✔️ Accepts South African Traders | Yes |
🇿🇦 FSCA Regulated | Yes |
🌐 Affiliate Program for SA | Yes |
💵 ZAR Accounts | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Good customer support is provided | High forex fees are applicable |
Good research and education tools provided | Traders may find educational options that are less targeted to local market needs |
No inactivity fees charged | Not 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 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
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
Category | Details |
Company Information | |
🏷️Company Name | AvaTrade |
📍Headquarters Location | Dublin, Ireland |
📅Year Established | 2006 |
👤CEO/Founder | Dáire Ferguson |
🌐Global Offices | Over 15 offices worldwide, including Japan, Australia, and South Africa |
🔖Licensing Body | Central Bank of Ireland, ASIC, FSA (Japan), FSCA (South Africa), ADGM (UAE) |
👥Group Companies | Ava Capital Markets, AvaTrade EU, AvaTrade Japan, AvaTrade Middle East |
🏛️Business Model | Market Maker |
🌍Operational Languages | Over 20 languages, including English, Spanish, French, and Arabic |
🏆Awards & Recognitions | Best Broker 2023, Best Trading App 2022, among others |
Regulation and Security | |
🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
✔️Compliance Standards | Adheres to MiFID II, ASIC regulations, and other regional compliance standards |
💼Client Fund Segregation | Yes, client funds are held in segregated accounts |
🪫Negative balance protection | Yes, ensuring traders cannot lose more than their account balance |
🕵️♂️Financial Conduct Oversight | Regular audits and monitoring by respective regulatory bodies |
💰Insurance Coverage | Professional indemnity insurance in line with regulatory requirements |
📋AML & KYC Policy | Strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies |
🔒Security of Trading Platform | Advanced SSL encryption, two-factor authentication (2FA), and secure servers |
🛡️Investor Compensation Fund | Member of investor compensation schemes depending on regional regulations |
🖥️Cybersecurity Measures | Robust 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 Account | Yes, swap-free accounts are available for Muslim traders |
🎮Demo Account | Yes, a free demo account is available with virtual funds |
👑VIP Account | Yes, available for high-net-worth traders with enhanced features |
💵Minimum Deposit | $100 / R1806 |
💱Base Currencies | USD, EUR, GBP, AUD, and others depending on the region |
⚖️Leverage Options | Up to 1:400 (varies based on region and asset class) |
📈Spreads (Fixed/Variable) | Fixed spreads EUR/USD starts at 0.9 pips |
🔄Swap-Free Accounts | Yes, available for Islamic accounts |
🌐Account Currency Conversion | Yes, account currencies can be converted during setup |
🚨Margin Call Level | 50% |
❌Stop-Out Level | 20% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | No, scalping is not permitted under AvaTrade’s policies |
🔁Copy Trading Support | Yes, through integration with ZuluTrade and DupliTrade |
👥Social Trading Features | Yes, via third-party platforms |
💼Managed Accounts | No, AvaTrade does not offer managed accounts |
Trading Conditions | |
🔍Average Spreads | EUR/USD starts from 0.9 pips (fixed spreads) |
💲Commissions per Trade | None, spreads only |
🔢Leverage Range | Up to 1:400 |
🚀Execution Speed | Ultra-fast execution |
📊Order Execution Type | Market execution |
🔄Slippage Policy | Minimal slippage, detailed in terms |
📏Margin requirements | Varies by asset class |
⏹️Stop-Loss and Take-Profit Orders | Yes |
🔁Trailing Stops | Yes |
🕑Pending Orders | Yes |
🔽Partial Fills | Yes |
🧾Dividend Adjustments | Yes |
🌙Overnight Swap Fees | Applicable, waived for Islamic accounts |
📆Rollover Policy | Follows market standards |
🛑Guaranteed Stop Loss | Yes, for specific instruments |
Trading Instruments | |
💹Forex Currency Pairs | 55+ pairs, including majors, minors, and exotics |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes, including soft commodities |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | Yes (via platforms and email) |
📉Stocks | Yes, global stocks available |
🗂️ETFs | Yes |
🏛️Bonds | No |
📜Futures Contracts | No |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes, leverage up to 1:400 |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | Yes, available in some regions |
🧺Currency Baskets | No |
Deposits and Withdrawals | |
💳Deposit Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller), Local Payment Methods |
💵Withdrawal Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller) |
⏱️Processing Time for Deposits | YesInstant for most methods, 1-3 business days for bank transfers |
🕒Processing Time for Withdrawals | 24-48 hours for most methods, up to 5 business days for bank transfers |
🚫Deposit Fees | No |
💵Withdrawal Fees | No |
🔢Minimum Deposit Amount | $100 |
📉Minimum Withdrawal Amount | $100 (may vary by method) |
🚪Maximum Withdrawal Limit | No specific limit, subject to account balance |
💱Supported Currencies | USD, EUR, GBP, AUD, and more |
₿Crypto Deposits & Withdrawals | Not supported |
🏦Bank Wire Transfers | Supported |
💳Credit/Debit Cards | Supported |
📲E-Wallets (Skrill, Neteller, etc.) | Supported |
🏘️Local Payment Methods | Supported (varies by region) |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes, fully supported |
👩💻MetaTrader 5 (MT5) | Yes, available for advanced trading |
🖥️Proprietary Platform | Yes, AvaTradeGo and WebTrader |
📱Mobile Trading App | Yes, AvaTradeGo offers comprehensive mobile trading |
🌐Web-Based Platform | Yes, WebTrader is available |
🤖Trading Bots | Yes, compatible with EAs (Expert Advisors) |
🖧VPS Services | Available upon request |
🔌API Connectivity | No |
📉Charting Tools | Advanced charting tools are available |
🧮Custom Indicators | Supported via MT4/MT5 |
🧠Market Sentiment Analysis | Yes, integrated into platforms |
📩Trading Signals | Yes, via partnerships with Trading Central |
🏷️Advanced Order Types | Yes, including stop orders and limit orders |
⚠️Risk Management Tools | Yes, 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 Channels | Live Chat, Email, Phone, FAQ/Help Center |
🗨️Live Chat Availability | 24/5 |
📧Email Support | Available |
📱Phone Support | Available |
🌍Multilingual Support | Yes, supports multiple languages |
❓Help Center/FAQ | Comprehensive Help Center and FAQs |
👨💼Dedicated Account Manager | Available 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 |
🏫Seminars | Available in selected locations |
📖Trading Tutorials | Comprehensive beginner and advanced tutorials |
📊Market Analysis Reports | Daily and weekly market analysis reports |
📚E-Books | Various e-books covering different aspects of trading |
🎬Video Library | Extensive library with video tutorials |
📜Glossary | Detailed glossary of trading terms |
❔FAQs | Frequently Asked Questions section covering general and account-related inquiries |
🆕Beginner Guides | Step-by-step beginner guides to help new traders |
🚀Advanced Trading Strategies | In-depth strategies for experienced traders to enhance trading skills |
Partnerships and Programs | |
📋IB Program | Yes |
🪪Affiliate program? | Commission-based program for affiliates promoting AvaTrade |
🏷️White Label Solutions | Customized 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 Solutions | Tailored solutions for financial institutions, including liquidity services |
🔌API Partnership | AvaTrade offers API access for integrating their trading services into third-party platforms |
🤝Referral Program | Incentives for clients who refer new traders to AvaTrade |
Fees & Charges | |
💳Deposit Fees | No deposit fees for most methods |
📤Withdrawal Fees | No withdrawal fees for most methods |
💤Inactivity Fee | Inactivity 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 Fees | Conversion fees apply when depositing or withdrawing in a different currency than the account's base currency |
💰Commission on Trades | No commission for standard accounts, but commissions may apply for certain account types like ECN accounts |
Market Research Tools | AvaTrade offers an economic calendar with key financial events and news updates. |
📅Economic Calendar | AvaTrade offers an economic calendar with key financial events and news updates. |
📰Market News | AvaTrade 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 Tools | AvaTrade 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 Platform | AvaTrade provides a social trading platform allowing users to follow and copy trades of others. |
🏆Trading Competitions | AvaTrade hosts periodic trading competitions with cash prizes and other rewards. |
🎁Loyalty Rewards | AvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders. |
👑Exclusive VIP Perks | AvaTrade 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 Contests | AvaTrade organizes trading contests, where participants can win prizes based on their trading performance. |
🌟Seasonal Promotions | AvaTrade runs seasonal promotions throughout the year, offering special deals and bonuses. |
🎖️Loyalty Programs | AvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses. |
User Experience & Reviews | |
🖥️User Interface Quality | AvaTrade’s platform offers a clean and intuitive interface, designed for both beginner and experienced traders. |
🔒Platform Stability | AvaTrade’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 Rating | AvaTrade generally holds a solid rating from users, with many praising its comprehensive offerings and user-friendly interface. |
🌟Trustpilot Rating | AvaTrade maintains a strong Trustpilot rating, with many clients expressing satisfaction with their services. |
😟Common Complaints | Common complaints include slow customer support response times and occasional withdrawal issues. |
Mobile | |
📱Mobile App Name | AvaTradeGO |
🛠️Developer | AvaTrade Ltd. |
📅Release Year | 2019 |
💻OS Compatibility | iOS, Android |
🌐Languages Supported | English, French, Spanish, Italian, Arabic, Portuguese, and others |
📈Trading Instruments | Forex, CFDs, Commodities, Stocks, Indices, Cryptocurrencies |
🔄Real-Time Data | Yes, with live market data and updates |
🛠️Charting Tools | Advanced charting tools with technical analysis indicators |
📊Order Types Supported | Market Orders, Limit Orders, Stop Orders, OCO, Trailing Stop |
🚀Order Execution Speed | Fast, 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 Features | Two-factor authentication (2FA), encryption |
🖥️Synchronization | Syncs across all devices (mobile and desktop) |
💰Deposit and Withdrawal | Yes, mobile deposits and withdrawals are supported |
📝Account Types Accessible | All account types available, including demo accounts |
🔄Switch Accounts | Yes, users can switch between accounts easily |
💬In-App Support | Live chat support available within the app |
📚Educational Resources | Access to tutorials, webinars, and market analysis |
🎯Watchlist | Yes, users can create and manage a personalized watchlist |
🌙Dark Mode | Yes, the app supports dark mode for better visibility |
🌐Social Trading | Yes, users can engage in social trading within the app |
AI Trading Resources | |
🤖AI Integration | AvaTrade offers AI-powered trading tools, integrated into the platform |
📊Data Analysis | Yes, AI-driven data analysis for enhanced decision-making |
📈Predictive Analytics | Yes, predictive tools are available to anticipate market trends |
🛠️Customizable Strategies | Yes, users can customize their trading strategies using AI tools |
📉Risk Management Tools | Advanced AI tools to assess and manage trading risks |
🧑🏫Trading Insights | AI-based insights and recommendations for optimal trades |
🚀Execution Optimization | AI-driven algorithms that optimize order execution speed |
🔄Portfolio Rebalancing | Yes, AI can assist in portfolio rebalancing based on market changes |
📚AI Tutorials | Available educational resources on how to use AI tools in trading |
🎥Video Demonstrations | Yes, 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 Availability | Available on both desktop and mobile platforms |
📈Backtesting Capability | Yes, users can backtest strategies using historical data |
🛠️Strategy Builder | Yes, users can build and customize their own AI-driven strategies |
🔔Alerts and Notifications | Yes, AI-powered alerts for market events and strategy changes |
🔒Data Protection | Strong encryption and data protection measures in place |
👁Transparency | Full transparency on how AI algorithms work and make decisions |
Social Media Platformst | |
AvaTrade is active on Facebook, providing updates, news, and promotions. |
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AvaTrade uses Instagram to share educational content, market analysis, and trading tips. |
|
AvaTrade regularly tweets market insights, promotions, and company news. | |
AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news. | |
🎥YouTube | AvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content. |
👉Open Account | Open Account |
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 winner | Quarterly and annual inactivity fees |
Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
Negative balance protection | No bonus for EU based clients |
20% welcome bonus | No US clients accepted |
Education content | Spread 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 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
🔎Broker | FP Markets |
Company Information | |
📅Year Founded | 2005 |
🧑🏻💻Amount of staff | 274 |
👩💻Amount of active traders | Over 200,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
🌎Country of regulation | Australia, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw ECN, and VIP accounts available |
💳Institutional Accounts | Yes, tailored solutions for institutional clients |
👨💼Managed Accounts | Yes, offered through third-party managed account services |
📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
📈Leverage | Up to 1:500 depending on the account type and instrument |
📏Margin requirements | typically 0.2% - 1% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, available 24/7 |
📱Customer Support email address | support@fpmarkets.com |
📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 100,000 affiliates |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
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 Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
South African traders can benefit from FP Markets' advanced technology infrastructure | FP 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 crew | Because 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 skills | While 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 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 Name | FxPro |
🏢 Company Information | FxPro Group Limited |
📅 Year Founded | 2006 |
👩💼👨💼 Current CEO | Charalambos Psimolophitis |
👩💼👨💼 Founder/s | Denis Sukhotin |
👥 Amount of staff | Over 200 employees |
👨💻 Amount of active traders | Over 1.8 million |
📈 Publicly Traded (Listed Company) | No |
🇬🇧 Regulation and Security | Strong regulatory oversight |
🇬🇧 Regulation | FCA, CySEC, FSCA |
🇬🇧 Country of regulation | UK, Cyprus, South Africa |
💼 Account Segregation | Yes, funds are segregated |
🚫 Negative balance protection | Yes |
🔐 Two-step Authentication | Available |
🛡️ Investor Protection Schemes | Yes, under regulatory authorities |
📋 Account Types and Features | Standard, MT4, MT5, and cTrader accounts |
🏦 Institutional Accounts | Yes |
📊 Managed Accounts | No |
💱 Minor account currencies | USD, EUR, GBP, ZAR |
💰 Minimum Deposit | $100 / 1700 ZAR |
📊 Trading Conditions | Competitive spreads, fast execution |
⏳ Average deposit/withdrawal processing time | 1-2 business days |
💵 Fund Withdrawal Fee | No fees on most methods |
📉 Spreads from | 0.0 pips |
💸 Commissions | On cTrader accounts (from $4.5) |
🌍 Number of base currencies supported | 7 |
📈 Swap Fees | Yes, applicable on overnight trades |
📈 Leverage | Up to 1:500 |
📊 Margin requirements | 2% |
🌙 Islamic account (swap-free) | Yes |
🎓 Demo Account | Yes, unlimited |
⏱️ Order Execution Time | < 11ms |
☁️ VPS Hosting | Available for high-frequency traders |
🌍 Global Offices | UK, Cyprus, Bahamas, Dubai |
👆 One-Click Trading | Yes |
🤖 Expert Advisors | Supported on MT4/MT5 |
📊 Trading Instruments | Forex, Stocks, Indices, Metals, Energy |
📊 CFDs-Total Offered | Over 2000 instruments |
📈 CFD Stock Indices | Yes, major global indices |
🛢️ CFD Commodities | Yes, energy and metals |
📉 CFD Shares | Yes, large selection |
👀 Watch list | Customizable |
🔔 Trade Alerts | Yes |
📈 Trading Stocks with GP | Yes |
📊 Trading Indices with GP | Yes |
🛠️ Swap on trading board | Yes |
💳 Deposits and Withdrawals | Credit/Debit cards, Bank Wire, PayPal, Skrill, Neteller |
💳 Deposit Options | Multiple methods supported |
💸 Withdrawal Options | Same as deposit methods |
🎁 Welcome Bonus | No |
💻 Trading Platforms and Tools | MT4, MT5, cTrader, FxPro Edge |
🚦 Stop-loss Instrument | Yes |
🛡️ Investor Protection Schemes | Yes, under regulatory bodies |
🖥️ OS Compatibility | Windows, macOS, iOS, Android |
🔧 Forex trading tools | Yes, extensive |
💬 Customer Support | 24/5 support available |
💬 Live chat availability | Yes, 24/5 |
📧 Customer Support Email address | support@fxpro.com |
📞 Customer Support Contact Number | +44 (0) 203 151 5550 |
🌐 Languages supported on FxPro Website | 18 languages |
📚 Educational Resources and Support | Webinars, articles, video tutorials |
👍 Beginners Trader friendly UX | Yes |
📚 Forex course | Yes, basic to advanced |
🖥️ Webinars | Yes |
📖 Educational Resources | Yes, rich library |
🤝 Partnerships and Programs | Yes |
🤝 Affiliate program? | Yes |
🤝 Amount of partners | 10,000+ |
📈 IB Program | Yes |
⚽ Do they sponsor any notable events or teams? | Yes, McLaren F1 team |
💰 Rebate program | Yes, for IBs |
🗨️ Community Forum | No |
📱 Social Media Platforms | Facebook, Twitter, Instagram, YouTube, LinkedIn |
🌐 Official Website address | FxPro |
📘 Official Facebook Page | FxPro |
🐦 Official Twitter Page | FxPro |
📺 Official YouTube Channel | FxPro |
🔗 Official Linkedin Page | FxPro |
📸 Official Instagram Page | FxProGlobal |
🇿🇦 Regulatory Status in South Africa | FSCA regulated |
🇿🇦 Accept South Africa Traders? | Yes |
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)? | Yes |
🤝 Does FxPro offer an Affiliate Program for South African Traders? | Yes |
💱 Does FxPro allow accounts to be opened in ZAR / Rands? | Yes |
🚀 Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Easy account opening | Only CFDs and forex |
Great customer service | High trading fees |
Free deposit and withdrawal | Inactivity 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 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 Founded | 2013 |
🧑🏻💻 Amount of staff | 98+ |
👩💻 Amount of active traders | 400,000+ |
🌐 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️ Regulation | IFSC (Belize) |
🌎 Country of regulation | Belize |
💻 Account Segregation | Yes |
🪫 Negative balance protection | Yes |
🔋 Investor Protection Schemes | No |
Account Types and Features | |
➕ Accounts | Standard, Swap-Free, No Spread, Crypto |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | No |
📇 Minor account currencies | Yes (EUR, GBP, JPY) |
💰 Minimum Deposit | $1 |
Trading Conditions | |
🕞 Deposit/withdrawal processing | Instant for most methods |
🪙 Fund Withdrawal Fee | None (but depends on withdrawal method) |
📊 Spreads from | 0.0 pips (No Spread Account) |
💸 Commissions | No commission on Standard accounts |
💱 Number of base currencies | 12+ |
🚀 Swap Fees | Yes (except Swap-Free accounts) |
📈 Leverage | Up to 1:2000 |
📏 Margin requirements | Variable based on leverage |
☪️ Islamic account (swap-free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | 0.03 seconds on average |
📆 VPS Hosting | Yes, free for eligible clients |
Trading Instruments | |
🧾 CFDs - Total Offered | 400+ |
🗠 CFD Stock Indices | 11 |
⚖️ CFD Commodities | 7 |
📜 CFD Shares | 100+ |
Deposits and Withdrawals | |
💳 Deposit Options | Bank Transfer, Credit/Debit Cards, E-wallets |
💵 Withdrawal Options | Bank Transfer, Credit/Debit Cards, E-wallets |
Trading Platforms/Tools | |
💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
👩💻 OS Compatibility | Windows, macOS, iOS, Android |
🖥️ Forex trading tools | Economic Calendar, Market News, AutoChartist |
Customer Support | |
🗣️ Live chat availability | Yes (24/5) |
📱 Customer Support email | support@superforex.com |
📞 Customer Support Contact Number | +442032877101 |
👾 Social media Platforms | Facebook, Twitter, Instagram, YouTube, LinkedIn |
🗣️ Languages supported | 10+ |
Educational Resources and Support | |
🖺 Forex course | Yes (beginner to advanced) |
🧏♀️ Webinars | Yes |
📚 Educational Resources | Articles, Video Tutorials, Glossary, Market News |
Partnerships and Programs | |
🪪 Affiliate program? | Yes |
👨🏫 Amount of partners | 20,000+ |
📋 IB Program | Yes |
🚀 Sponsorship | Yes (various sponsorship deals) |
🪙 Rebate program | Yes (for partners and clients) |
👉 Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Regulated | Offshore regulation |
Social trading supported | Only one trading platform supported |
MetaTrader 4 supported | Spreads 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
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 Founded | 1999 |
🧑🏻💻Amount of staff | Over 150 |
👩💻Amount of active traders | Not publicly disclosed |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA (UK), ASIC (Australia), FSCA (South Africa), CySEC (Cyprus) |
🌎Country of regulation | UK, Australia, South Africa, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, through regulatory bodies |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | EUR, GBP, AUD, JPY, CAD |
💰Minimum Deposit | $50 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | Varies by method |
📊Spreads from | 1.3 pips on EUR/USD |
💸Commissions | None on standard accounts |
💱Number of base currencies supported | 4 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 30:1 |
📏Margin requirements | Variable based on asset and leverage |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 20-30 milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 350 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, UnionPay, others |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, UnionPay, others |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, Trading Station, NinjaTrader, ZuluTrade |
👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
🖥️Forex trading tools | Trading signals, Market analysis tools, Automated trading |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | info@fxcm.com |
📞Customer Support Contact Number | +44 2073984050 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
🗣️Languages supported on Website | English, French, German, Chinese, Italian, Arabic, more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Video tutorials, Articles, Webinars, Market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | No |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Easy Account Setup | High Withdrawal Fees |
Social trading supported | Limited 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.
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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.
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