
The 10 Best FSCA Regulated Forex Brokers revealed in South Africa. We have rated and reviewed the Best FSCA Regulated Forex Brokers for 2025.
This is a complete listing of The 10 Best Forex Brokers with an FSCA Regulation. In this in-depth write-up, you will learn:
- Top 10 FSCA Regulated Forex Brokers in South Africa for 2025.
- ODP licensed Forex Brokers with ZAR Accounts.
- A list of Regulated Forex Brokers in South Africa.
- Best FSCA Regulated MT4 and MT5 Brokers in SA.
- FSCA Regulated Brokers in South Africa for beginners.
- NASDAQ-listed SA Brokers.
- Which forex brokers are legal in South Africa?
- How do you check if the broker is regulated by FSCA?
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Best FSCA Regulated Forex Brokers 2025
Open an Account | 📌 FSCA Regulated | 💯 Licence Number | 💵 Min. Deposit (USD) | 💴 Min. Deposit (ZAR) | |
🥇AvaTrade | 👉Open Account | Yes | FSP45584 | $100 | R1680 |
🥈HFM | 👉Open Account | Yes | FSP45956 | $0 | R0 |
🥉Exness | 👉Open Account | Yes | FSP50350 | $50 | R840 |
📌IG | 👉Open Account | Yes | FSP41393 | $0 | R0 |
🏅FXPro | 👉Open Account | Yes | FSP47237 | $100 | R1600 |
🥉ATFX | 👉 Open Account | Yes | FSP 44816 | $100 | R1500 |
🥈CM Trading | 👉 Open an Account | Yes | FSP43080 | $100 | R1600 |
📌FXTM | 👉 Open Account | Yes | FSP46614 | $200 | R3709 |
🥈JustMarkets | 👉 Open Account | Yes | FSP51114 | $10 | R180 |
🥉Tickmill | 👉Open Account | Yes | FSP50926 | $100 | R1900 |
The Financial Sector Conduct Authority – A Definition
The Financial Sector Conduct Authority, or FSCA, is the market conduct regulator of financial institutions in South Africa. It is responsible for market conduct regulation and supervision. The FSCA was previously known as the FSB (Financial Services Board).
The FSCA has several key responsibilities, including regulating capital markets, insurers, and financial services providers. One of its most important functions is protecting investors from fraud and unfair business practices.
The FSCA regulates financial institutions and educates consumers about financial matters. Its website provides various resources, including information on choosing a financial advisor and avoiding scams.
The FSCA is an important part of the South African financial system. It plays a vital role in protecting investors and promoting fair and orderly markets.
Why is it so important to use a regulated Broker?
South African law requires brokers to be regulated by the Financial Sector Conduct Authority (FSCA). This ensures an extra layer of security for traders, as FSCA-approved brokers must follow strict financial rules that protect client funds.
10 Best Forex Brokers FSCA Regulated(2025)
- AvaTrade – Best FSCA-regulated broker.
- HFM – Great Overall FSCA-Regulated Broker.
- Exness – Regulated Trading Conditions.
- IG – MT4 Broker for beginners in SA.
- FxPro – Affordable price grid.
- ATFX – Provides multiple types of accounts.
- CM Trading – Large Regulated Local Broker.
- FXTM – Provides easy-to-use trading platforms.
- JustMarkets – Low spreads, several accounts, many instruments.
- Tickmill – Established presence in South Africa.
1. AvaTrade
Overview
AvaTrade is a heavily licensed and regulated service provider that empowers investors to trade CFDs on FX, Stocks, Commodities, and Crypto, They are regulated by the Australian Securities and Investments Commission (ASIC) and the South African Financial Sector Conduct Authority (FSCA). Their trading fees are very competitive.
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
They are a trustworthy broker. AvaTrade offers AvaTradeGo for trading on the go.
Features
Company Information | |
📅Year Founded | 2006 |
🧑🏻💻Amount of staff | 614 |
👩💻Amount of active traders | 300,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
🌎Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) | * Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) | |
Account Types and Features | |
➕Accounts | Standard Account, Retail Islamic account, Professional account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | AvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts. |
📇Minor account currencies | AUD, JPY, GBP, USD, EUR, CHF |
💰Minimum Deposit | $100 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free up to a certain amount |
📊Spreads from | 0.7 pips |
💸Commissions | No |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 400:1 |
📏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 1,250+ |
🗠CFD Stock Indices | Major global indices (e.g., US 30, FTSE 100, DAX 30) |
⚖️CFD Commodities | Precious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn) |
📜CFD Shares | Thousands of shares from various global exchanges (US, Europe, Asia) |
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 | MetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading) |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | Online email on website |
📞Customer Support Contact Number | +447520644093 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | Over 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 70 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does AvaTrade Accept South African Traders? | Yes, HFM accepts South African traders. |
Is AvaTrade regulated by the South African regulatory body (FSCA)? | Yes, HFM is regulated by the South African regulatory body, the Financial Sector Conduct Authority (FSCA). |
Does AvaTrade offer an Affiliate Program for South African Traders? | Yes, HFM offers an Affiliate Program that is likely available to South African traders. |
Does AvaTrade allow opening trading accounts in ZAR (South African Rand)? | Yes, HFM allows opening trading accounts in ZAR (South African Rand). |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Easy Account opening | Limited product portfolio |
No withdrawal fee | Administration fee |
Low trading fees | Inactivity fee |
Negative balance protection | Not listed on stock exchange |
Our Findings
In our opinion, AvaTrade has a fantastic and reliable track record; ActivTrades is a regulated forex broker with low trading fees. The account opening process is excellent, and deposits and withdrawals are free.
2. HFM
Overview
HFM is regulated by multiple leading entities, including the Financial Sector Conduct Authority (FSCA), the Cyprus Securities and Exchange Commission (CySEC), and the Dubai Financial Services Authority (DFSA) As well as the Capital Markets Authority (CMA).
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
HFM offers access to various trading instruments, including CFDs on Forex, Metals, Energies, Commodities, Indices, Stocks, Cryptocurrencies, ETFs, and Bonds.
Features
🔎Broker | 🥇HFM |
Company Information | |
👨💼 Year Founded | 2010 |
👩💼👨💼 Current CEO | George Koumantaris |
👩💼👨💼 Founder/s | George Koumantaris, Marcos Kappos |
👥 Amount of staff | 200+ globally |
👨💻 Amount of active traders | Over 2 million |
📈 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🇬🇧 Regulation | FCA (UK), FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FSA (Seychelles) |
🇬🇧 Country of regulation | United Kingdom, South Africa, Cyprus, Dubai, Seychelles |
💼 Account Segregation | Yes, client funds are kept in segregated accounts |
🚫 Negative balance protection | Yes, available to retail clients |
🔐 Two-step Authentication | Yes, supports 2FA for extra account security |
🛡️ Investor Protection Schemes | Yes, clients are protected under the Investor Compensation Fund (ICF) in Europe |
Account Types and Features | |
🏦 Institutional Accounts | Yes, available for institutional clients |
📊 Managed Accounts | Yes, PAMM and MAM accounts are offered |
💱 Minor account currencies | USD, EUR, ZAR, NGN, GBP, and more |
💰 Minimum Deposit | USD 0 / 0 ZAR |
Trading Conditions | |
⏳ Average deposit/withdrawal processing time | Deposits: Instant; Withdrawals: 1-3 business days |
💵 Fund Withdrawal Fee | No fees for most methods, but some third-party charges may apply |
📉 Spreads from | As low as 0.1 pips on the Zero Spread account |
💸 Commissions | $3 per lot on Zero Spread accounts |
🌍 Number of base currencies supported | 10+ (including USD, EUR, ZAR, NGN, and GBP) |
📈 Swap Fees | Swap fees vary by instrument, but Islamic (swap-free) accounts are available |
📈 Leverage | Up to 1:1000 depending on the jurisdiction and account type |
📊 Margin requirements | Starting at 0.5%, varies by asset class and leverage level |
🌙 Islamic account (swap-free) | Yes, available for all account types |
🎓 Demo Account | Yes, unlimited free demo accounts |
⏱️ Order Execution Time | < 1 second on average |
☁️ VPS Hosting | Yes, free VPS for qualifying traders |
🌍 Global Offices | Multiple locations worldwide: Cyprus, UK, Dubai, South Africa, Seychelles |
👆 One-Click Trading | Yes, available on MT4 and MT5 platforms |
🤖 Expert Advisors | Yes, fully supported on MT4 and MT5 |
Trading Instruments | |
📊 CFDs-Total Offered | 1,200+ CFDs |
📈 CFD Stock Indices | Yes, 15+ indices available |
🛢️ CFD Commodities | Yes, includes Gold, Oil, and Silver |
📉 CFD Shares | Yes, 50+ global stocks |
👀 Watch list | Yes, customizable watchlists |
🔔 Trade Alerts | Yes, available through the platforms |
📈 Trading Stocks with GP | Yes, stock trading is available via CFDs |
📊 Trading Indices with GP | Yes, index trading via CFDs available |
🛠️ Swap on trading board | Yes, swaps are visible on the trading platforms |
Deposits and Withdrawals | |
💳 Deposit Options | Credit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller), Crypto |
💸 Withdrawal Options | Bank Transfer, Credit/Debit Card, E-wallets (Skrill, Neteller), Crypto |
🎁 Welcome Bonus | Yes, 100% SuperCharged Bonus available |
Trading Platforms and Tools | |
💻 Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM mobile app |
🚦 Stop-loss Instrument | Yes, fully supported |
🛡️ Investor Protection Schemes | Yes, as per regulation, compensation schemes apply |
🖥️ OS Compatibility | Windows, Mac, Linux, Android, iOS |
🔧 Forex trading tools | Yes, Autochartist, Trading Central, and more |
💬 Customer Support | |
💬 Live chat availability | Yes, 24/5 live chat support |
📧 Customer Support Email address | support@hfm.com |
📞 Customer Support Contact Number | +44 123 456 7890 |
🌐 Languages supported on HFM Website | English, Afrikaans, Arabic, Chinese, and more |
Educational Resources and Support | |
👍 Beginners Trader friendly UX | Yes, beginner-friendly platform design |
📚 Forex course | Yes, free educational courses available |
🖥️ Webinars | Yes, regular free webinars provided |
📖 Educational Resources | Yes, includes tutorials, eBooks, and market analysis |
Partnerships and Programs | |
🤝 Affiliate program? | Yes, generous affiliate program offered |
🤝 Amount of partners | 1,000+ affiliates globally |
📈 IB Program | Yes, multi-tier IB (Introducing Broker) program available |
⚽ Do they sponsor any notable events or teams? | Yes, HFM sponsors various sports teams and events |
💰 Rebate program | Yes, rebate program for active traders |
🗨️ Community Forum | Yes, online trader community and forum available |
Social Media Platforms | |
🌐 Official Website address | hfm.com |
📘 Official Facebook Page | HFM Facebook |
🐦 Official Twitter Page | HFM Twitter |
📺 Official YouTube Channel | HFM YouTube |
🔗 Official Linkedin Page | HFM LinkedIn |
📸 Official Instagram Page | HFM Instagram |
Regulatory Status in South Africa | |
🇿🇦 Accept South Africa Traders? | Yes |
🏛️ Is HFM regulated by the South Africa regulatory body (FSCA)? | Yes, licensed under FSCA |
🤝 Does HFM offer an Affiliate Program for South African Traders? | Yes, dedicated SA affiliate program |
💱 Does HFM allow accounts to be opened in ZAR / Rands? | Yes, ZAR-denominated accounts supported |
🚀Open Account | 👉Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Offers multiple account options | High leverage can increase risk |
Provides tight spreads and low commissions | Lacking its own trading platform. |
Offers comprehensive educational content | Support may be limited |
Our Findings
HFM is a well-established online broker. It offers various trading instruments, competitive spreads, and multiple account types. The broker is regulated by several financial authorities, ensuring high safety and compliance.
3. Exness
Exness is a leading forex and CFD broker licensed and regulated by multiple leading international governing bodies. They are allowing Exness clients to trade with financial security.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
They are registered with the Seychelles Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, South Africa Financial Sector Conduct (FSCA)
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 |
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | There is a limited portfolio of financial instruments offered |
Traders can choose between several retail investor accounts | Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
Our Findings
Exness is a popular trading broker, offering many accounts catering to different trading needs. Their customer service is one of the best among a wide range of brokers. Being regulated by several financial authorities, you can be sure they are legit and trustworthy.
4. IG
Overview
IG is a leading online trading provider authorized and regulated by the Financial Conduct Authority (FCA) and the Financial Sector Conduct Authority (FSCA).
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
🔎Broker | IG |
Company Information | |
📅Year Founded | 1974 |
🧑🏻💻Amount of staff | Over 1,000 |
👩💻Amount of active traders | Over 239,000 |
🌐Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange (LSE) |
Regulation and Security | |
🛡️Regulation | Regulated by multiple financial authorities including FCA (UK), ASIC (Australia), and others |
🌎Country of regulation | South Africa, United States, UK |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes (under FCA and ASIC regulations) |
Account Types and Features | |
➕Accounts | Institutional and Retail corporate clients |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | USD, EUR, GBP, AUD, CAD, JPY, and others |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.6 pips |
💸Commissions | Variable |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Yes (varies by account type) |
📈Leverage | Up to 200:1 |
📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | < 1 second |
📆VPS Hosting | No |
Trading Instruments | |
🧾CFDs-Total Offered | 16000+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfer, credit/debit cards, e-wallets |
💵Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | IG Trading Platform, MetaTrader 4, |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Trading signals, economic calendar, charting tools |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | newaccounts.za@ig.com. |
📞Customer Support Contact Number | 010 500 8624 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | English, Spanish, Chinese, and others |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Trading Academy, webinars, market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not specified |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | No |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌Cons |
The FCA enforces strict regulatory standards, ensuring IG follows best practices in client fund protection, data security, and transparency. | The FCA imposes leverage limits (up to 1:30 for retail traders), which may limit profit potential for traders who prefer higher leverage options. |
Segregated Client Accounts | Strict Regulatory Requirements |
Fair Trading Environment | Slower Account Processes |
Our Findings
In our opinion, IG has a wide range of tools to assist traders in learning the trading world. It offers 24/7 support and online trader and staff support in the IG Community chat box, where experienced traders and beginners can chat, ask questions, and give advice.
5. FxPro
Overview
FxPro offers access to Contracts for Difference (CFDs) on 6 asset classes, top-tier liquidity, and advanced trade execution with no dealing desk intervention.
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
The Broker Financial Services Limited is authorized and regulated by the South Africa Financial Sector Conduct Authority.
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 |
High Regulatory Standards | High Minimum Deposit for Some Accounts |
Wide Range of Trading Instruments | Swap Fees |
Competitive Spreads | Customer Support Variability |
Advanced Trading Platforms | Fees for Inactive Accounts |
High Leverage | Limited Customer Support Channels |
Islamic Accounts Available | Complex Fee Structure |
Educational Resources | Geographical Restrictions |
Our Findings
FxPro has a good reputation for forex trading and the financial tools it offers, and it focuses on its customers, making it one of the best in the world.
6. ATFX
Overview
According to research in South Africa, ATFX is a global broker with offices in 23 jurisdictions that has been in operation since 2014.
Min Deposit
R100
Regulators
FCA, CySEC, ASIC, FSCA, SCA
Trading Platform
MT5
Crypto
No
Total Pairs
43
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
As a well-regulated and authorized broker, ATFX keeps client funds separate from the broker account in segregated bank accounts, and funds may only be used for trading activities.
Features
🔎Broker | 🥇ATFX |
Company Information | |
📅 Year Founded | 2014 |
🧑🏻💻 Amount of staff | 500+ employees |
👩💻 Amount of active traders | 200,000+ traders |
🌐 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️ Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), FSC (Mauritius), SCA (UAE), SCA(Jordan) |
🌎 Country of regulation | United Kingdom, Cyprus, Australia, South Africa, Mauritius, UAE, Jordan |
💻 Account Segregation | Yes |
🪫 Negative balance protection | Yes |
🔋 Investor Protection Schemes | Up to £85,000 (FSCS - UK) |
Account Types and Features | |
➕ Accounts | Standard, ECN |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | No |
📇 Minor account currencies | USD, ZAR |
💰 Minimum Deposit | R100 |
Trading Conditions | |
🕞 Deposit/withdrawal processing | Instant for deposits, same day for withdrawals |
🪙 Fund Withdrawal Fee | No fees |
📊 Spreads from | 0.6 pips (Standard), 0.0 pips (ECN) |
💸 Commissions | No (Standard), Yes (ECN accounts) |
💱 Number of base currencies | 2 (ZAR & USD) |
🚀 Swap Fees | Yes |
📈 Leverage | Up to 1:500 |
📏 Margin requirements | Depends on the asset class and leverage |
☪️ Islamic account (swap-free) | No |
💻 Demo Account | Yes |
⌛ Order Execution Time | 0.01 seconds (Ultra-fast execution) |
📆 VPS Hosting | Yes (for higher-tier accounts) |
Trading Instruments | |
🧾 CFDs-Total Offered | 65 |
🗠 CFD Stock Indices | 15+ |
⚖️ CFD Commodities | 8 |
📜 CFD Shares | None |
Deposits and Withdrawals | |
💳 Deposit Options | Bank Transfer, Credit/Debit Cards, Instant EFT |
💵 Withdrawal Options | Bank Transfer |
Trading Platforms/Tools | |
💻 Trading Platforms | MT5, ATFX WebTrader, Mobile App |
👩💻 OS Compatibility | Windows, MacOS, iOS, Android |
🖥️ Forex trading tools | Trading Central, Auto - Chartist |
Customer Support | |
🗣️ Live chat availability | Yes |
📱 Customer Support Email | support.sa@atfxafrica.com |
📞 Customer Support Contact Number | +27 31 300 3117 |
👾 Social media Platforms | Facebook, Twitter, LinkedIn, Instagram |
🗣️ Languages supported | Most local SA languages |
Educational Resources and Support | |
🖺 Forex course | Yes |
🧏♀️ Webinars | Yes |
📚 Educational Resources | Yes (eBooks, videos, articles) |
Partnerships and Programs | |
🪪 Affiliate program? | Yes |
👨🏫 Amount of partners | 1,000+ |
📋 IB Program | Yes |
🚀 Sponsorship | Yes (varies by region) |
🪙 Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Competitive trading conditions | Not much information on trading and no-trading fees |
No deposit fees or withdrawal fees charged | One Standard Account offered |
Our Findings
ATFX is considered low-risk and can be summarised as a trustworthy forex broker. It uses MetaTrader 5 as a trading platform and charges very low trading fees.
7. CM Trading
Overview
CM Trading is a well-established, award-winning Forex Broker that is well-regulated by The Financial Sector Conduct Authority (FSCA) and The Seychelles Financial Services Authority (FSA), respectively.
Min Deposit
USD 1
Regulators
FSA, FSCA
Trading Platform
MT4, PandaTS, Webtrader
Crypto
Yes
Total Pairs
174+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
Company Information | |
📅Year Founded | 2012 |
⚙️Current CEO | Ibrahim Abu Aita |
Founder/s | Daniel Kibel, Maurice Krawczyk |
🧑🏻💻Amount of staff | Over 100 |
👩💻Amount of active traders | Over 1,000,000 |
🌐Publicly Traded (Listed Company) | No |
🏦 Headquartered | South Africa |
Regulation and Security | |
🛡️Regulation | FSCA, FSA |
🌎Country of regulation | South Africa |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Bronze, silver, Gold, VIP |
💳Institutional Accounts | Yes, tailored solutions for institutional clients |
👨💼Managed Accounts | Yes, offered through third-party managed account services |
📇Minor account currencies | USD, EUR, GBP |
💰Minimum Deposit | $250 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.9 pips |
💸Commissions | None for most accounts |
💱Number of base currencies supported | 3 (USD, EUR, GBP) |
🚀Swap Fees | Yes |
📈Leverage | Up to 1:200 |
📏Margin requirements | margin requirement of only 2% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.1 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Watch List | Yes |
▶️ Hedging | Yes |
💹 Scalping | Yes |
Trade Alerts | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfer, credit/debit card, e-wallets |
💵Withdrawal Options | Bank transfer, credit/debit card, e-wallets |
Welcome Bonus | No |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, Sirix |
Stop-Loss Instrument | Yes |
👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, available 24/5 |
📱Customer Support email address | support@cmtrading.com |
📞Customer Support Contact Number | +27 10 500 8026 |
🗣️Languages supported on Website | English, Arabic, French, Spanish |
Educational Resources and Support | |
📍Beginners Trader Friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 50,000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
🧑🏿🤝🧑🏼Community Forum | No |
👤Social Media Platforms | Facebook, Twitter, Instagram, YouTube, LinkedIn |
Official Website Address | www.cmtrading.com |
Official Facebook Page | facebook.com/CMTrading |
Official Twitter Page | twitter.com/cmtrading |
Official YouTube Channel | youtube.com/user/cmtrading |
Official LinkedIn Page | linkedin.com/company/cmtrading |
Official Instagram Page | instagram.com/cmtrading_official |
South African Trader Specific Information | |
Does CM Trading Accept South African Traders? | Yes |
Is CM Trading regulated by the South African regulatory body (FSCA)? | Yes |
Does CM Trading offer an Affiliate Program for South African Traders? | Yes |
Does CM Trading allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Segregated Client Funds | No VPS |
Well-Established | Limited Range of Instruments |
Our Findings
After much investigation, we can confidently say that CMTrading is a broker with fantastic support and trading conditions. With years of experience, great customer service, and excellent security, you can trade with full trust with this broker.
8. FXTM
Overview
FXTM or ForexTime is a leading online Forex broker that provides a suitable trading environment, easy-to-use trading platforms, comprehensive materials and tools for education, a wide choice of accounts, and good legal requirements to increase trader’s opportunities.
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
🔎Broker | FXTM |
Company Information | |
📅Year Founded | 2011 |
🧑🏻💻Amount of staff | 700+ |
👩💻Amount of active traders | Over 3 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, FSCA, FSC |
🌎Country of regulation | UK, South Africa, Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes (PAMM accounts) |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $200 / R3709 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | Varies by method |
📊Spreads from | 0.1 pips |
💸Commissions | From $4 per lot (on certain accounts) |
💱Number of base currencies supported | 7 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:2000 |
📏Margin requirements | Varies based on leverage and asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 250+ |
🗠CFD Stock Indices | 11 |
⚖️CFD Commodities | 6 |
📜CFD Shares | 120+ |
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, FXTM Trader App |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, VPS, economic calendar |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@fxtm.com |
📞Customer Support Contact Number | +44 203 734 1071 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 15+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 3,000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Fast execution speeds | Bonus programs might be restricted in some regions. |
High leverage (up to 1:2000) | High leverage can increase risk, especially for beginners. |
Tight spreads on ECN accounts | Lower leverage options for EU/UK clients due to regulations (1:30 for retail traders). |
Access to MetaTrader 4 & 5 | High inactivity fees if the account is dormant. |
Good educational resources | Customer support can sometimes be slow during peak times. |
Regulated by several authorities (FCA, CySEC, FSCA) | Limited product offering outside Forex (fewer stocks and indices). |
Our Findings
FXTM is an established and regulated forex broker that enjoys a reputation for its competitive spreads, multiple account types, and easily accessible trading platforms. It particularly enjoys a fine reputation in education accounts, client care, and provides business edges, has numerous packages both for novices and for experts.
9. JustMarkets
Overview
JustMarkets is an international brokerage company with low spreads, several accounts, many instruments, and powerful platforms. This one addresses security, regulation, education, and client support as core values that seek to enable traders globally.
Min Deposit
USD 10
Regulators
FSA, CySEC, FSCA, FSC
Trading Platform
MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
Crypto
No
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
🔎 Broker | 🥇 JustMarkets |
🗓Year Founded | 2019 |
👥Amount of Staff | Information not publicly disclosed |
🧑🏽🤝🧑🏽Amount of Active Traders | Information not publicly disclosed |
📌Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | Regulated by multiple authorities |
🏦Country of Regulation | Belize, Vanuatu |
💴Account Segregation | Yes |
🔑Negative Balance Protection | Yes |
📑Investor Protection Schemes | Not specified |
Account Types and Features | |
👤Institutional Accounts | No |
📒Managed Accounts | No |
📋Minor Account Currencies | Multiple including USD, EUR, GBP, JPY, AUD, etc. |
🪙Minimum Deposit | USD 10 / 180 ZAR |
Trading Conditions | |
💷Average Deposit/Withdrawal Processing Time | 1-3 business days for withdrawals |
💵Fund Withdrawal Fee | Varies by payment method and region |
📉Spreads From | 0.0 pips |
📈Commissions | Varies by account type and instrument |
💹Number of Base Currencies Supported | 20+ |
📊Swap Fees | Varies by instrument and account type |
↪️Leverage | Up to 1:1000 |
📌Margin Requirements | Varies by instrument and account type |
☪️Islamic Account (Swap-Free) | Yes |
🆓Demo Account | Yes |
⏰Order Execution Time | 0.1-0.3 seconds |
📲VPS Hosting | Available upon request |
Trading Instruments | |
📍CFDs-Total Offered | 1,000+ |
📍CFD Stock Indices | Yes |
📍CFD Commodities | Yes |
📍CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfer, credit/debit cards, e-wallets |
🪙Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
Trading Platforms and Tools | |
🖥️Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
📱OS Compatibility | Windows, macOS, iOS, Android |
⚙️Forex Trading Tools | Economic calendar, trading calculators, charting tools |
Customer Support | |
🗣️Live Chat Availability | Yes |
📧Customer Support Email Address | support@justmarkets.com |
📞Customer Support Contact Number | Varies by region |
🖥Social Media Platforms | Facebook, Twitter, LinkedIn, |
🔖Languages Supported on JustMarkets Website | 10+ |
Educational Resources and Support | |
📜Forex Course | No |
🖥Webinars | Yes |
📚Educational Resources | Articles, guides, and videos |
Partnerships and Programs | |
🤝Affiliate Program | Yes |
👥Amount of Partners | Varies |
🗂IB Program | Yes |
❓Do They Sponsor Any Notable Events or Teams? | Not specified |
✅Rebate Program | No |
🚀 Open a account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Wide Range of Payments | US Traders are not accepted |
Low minimum Deposit | Only Offshore Regulation |
Swap-Free Accounts | Limited variety of instruments |
Multiple Account Types | Lacks a top-tier regulatory license |
Leverage up to 1:3000 | Inactivity Fee |
Our Findings
JustMarkets presents various types of accounts, low spreads, and favorable leverage. MetaTrader trading platforms are acknowledged; there are various training materials available; and the regulation is well-developed. Clients have the option of fast withdrawals, a responsive customer support team, and also it is easy to navigate through the site.
10. Tickmill
Overview
Another critical benefit is the broker’s solid regulatory structure. Multiple top-tier regulators regulate the broker, including the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC).
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
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
Tickmill allows any strategy to trade through their platform, so if you have your technique, they will gladly accept your plan. They are a very competitive broker with low speeds, and there are low forex fees, no withdrawal fees, and no inactivity fees.
FSCA Regulated Forex Brokers
Conclusion
In our research, we have verified a list of Regulated brokers in South Africa, but not only have we varied them, but we have also taken safety, customer support, track record, and factors such as spreads and tight leverage into consideration to offer you the best of the best brokers to choose from to trade with.
You might also like: HF Markets Review.
You might also like: Exness Review.
You might also like: IG Review.
You might also like: AvaTrade Review
You might also like: Tickmill Review
Frequently Asked Questions
Who is the FSCA/FSB?
The Financial Sector Conduct Authority, or FSCA, is the market conduct regulator of financial institutions in South Africa. It was previously known as the FSB (Financial Services Board).
What is the purpose of the FSCA/FSB?
The FSCA is responsible for market conduct regulation and supervision in South Africa.
Who is the Best Overall FSCA Regulated Forex Broker?
According to research, HF Markets is the Best Overall FSCA/FSB Regulated Forex Broker.
What are the Key Responsibilities of the FSCA?
The Key Responsibilities of the FSCA include the regulation of Capital Markets, Insurers, and Financial Services Providers.
Do all FSCA Regulated Forex Brokers offer ZAR accounts?
No. Only a selection of FSCA Regulated Forex Brokers will make ZAR accounts available.
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