This is a complete listing of The 6 Best Future Forex Brokers in South Africa for 2025.
In this in-depth write-up you will learn:
- The Best Broker for Futures Trading
- Best Futures Trading Platform for Beginners
- A Detailed Futures Brokers List
- The Cheapest Discount Futures Broker – Revealed.
- Commission-Free Futures trading – Explained
- Best MT4 / MT5 Brokers for Futures Trading in SA.
- Can you trade futures in South Africa?
- What are Futures in Forex?
- Is Future Forex trading legit?
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Best Futures Forex Brokers in South Africa
| 🔎 Provider | 📉 Futures Trading | 🚀 Open an Account | 💶 Min. Deposit (USD) |
| 🥇Interactive Brokers | ✅ Yes | 👉 Open Account | $0 USD / 0 ZAR |
| 🥈 Tickmill | ✅ Yes | 👉 Open Account | $100 USD / 1806 ZAR |
| 🥉IG | ✅ Yes | 👉 Open Account | $0 USD / 0 ZAR |
| 🏅AvaTrade | ✅ Yes | 👉 Open Account | $100 USD / 1806 ZAR |
| 🥈FXCM | ✅ Yes | 👉 Open Account | $50 USD / 912 ZAR |
| 🥇FxPro | ✅ Yes | 👉 Open Account | $100 USD / 1806 ZAR |
Forex Futures – A Definition
Forex futures are standardized futures contracts to buy or sell currency at a set date, time, and contract size.
Unlike forwards, futures contracts are publicly traded, non-customizable, and guaranteed against credit losses by an intermediary.
6 Best Futures Forex Brokers in South Africa
- ☑️Interactive Brokers – Best Futures Broker in 2025
- ☑️Tickmill – Best Suited to Professional Futures Traders
- ☑️IG – Desktop Futures Trading
- ☑️AvaTrade – Mobile Futures Traders
- ☑️FXCM – Competitive pricing
- ☑️FxPro – Leading Broker for Futures Education
1. Interactive Brokers
Interactive Brokers is a leading broker that offers access to low commissions for futures traders with the ability to trade commodity futures and futures options globally on 30+ market centers.
Min Deposit
USD 0
Regulators
CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF
Trading Platform
Proprietary Platforms
Crypto
Yes
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Interactive Brokers additionally offers industry-low margin rates, powerful futures trading tools, and educational material for beginner futures traders.
Featured
| Company Information | |
| 📅Year Founded | 1977 |
| 🧑🏻💻Amount of staff | 2,950+ |
| 👩💻Amount of active traders | 2.1 mil |
| 🌐Publicly Traded (Listed Company) | Yes (Ticker Symbol: IBKR) |
| Regulation and Security | |
| 🛡️Regulation | CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF, FSCA |
| 🌎Country of regulation | United States, Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA) - Canada: Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Not offered |
| 🔋Investor Protection Schemes | US: SIPC (Securities Investor Protection Corporation) offers limited protection for cash and securities in case of brokerage failure (up to $500,000, including $250,000 for cash claims). - Canada: CIPF (Canadian Investor Protection Fund) offers similar protection (up to $1 million). - Coverage may vary depending on account type and country. |
| Account Types and Features | |
| ➕Accounts | Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, SAR, SEK, SGD, TRY, ZAR and KRW |
| 💰Minimum Deposit | From $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Bank Wire Transfer and PayPal. Bank Wire Transfer US Automated Clearing House (ACH) Transfer Initiated at Interactive Brokers Cheques Direct Debit/Electronic Money Transfer Canadian Electronic Funds Transfer, or EFT Single Euro Payment Area (SEPA) BACS/GIRO/ACH |
| 🪙Fund Withdrawal Fee | Generally free, but may apply for certain methods or inactive accounts |
| 📊Spreads from | From 0.1 pips DMA |
| 💸Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 💱Number of base currencies supported | Over 20 base currencies supported |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | 1:5 to 1:400 (ASIC Regulations) |
| 📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically fast (seconds) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | IBKR offers CFD trading on around 5,200 markets including 100 forex pairs, 20 commodities, 13 indices, and thousands of international stocks. |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Wire Transfer and PayPal. |
| 💵Withdrawal Options | Bank Wire Transfer US Automated Clearing House (ACH) Transfer Initiated at Interactive Brokers Cheques Direct Debit/Electronic Money Transfer Canadian Electronic Funds Transfer, or EFT Single Euro Payment Area (SEPA) BACS/GIRO/ACH |
| Trading Platforms and Tools | |
| 💻Trading Platforms | Interactive Brokers’ Client Portal Desktop TWS IBKR Mobile IBot IBKR WebTrader (Only for IBKR Pro Accounts) IBKR APIs (Only for IBKR Pro Accounts) |
| 👩💻OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 🖥️Forex trading tools | Advanced Charts: A range of technical indicators and drawing tools for in-depth market analysis. * Market News & Analysis: Stay informed with breaking news and expert analysis from IG on various markets. * Economic Calendar: Track key economic data releases that can impact forex markets. * Risk Management Tools: Stop-loss and take-profit orders to help manage your risk exposure. |
| Customer Support | |
| 🗣️Live chat availability | Yes, for existing customers through the Help & Support Hub on the IG desktop or mobile trading platform. |
| 📱Customer Support email address | Not supported |
| 📞Customer Support Contact Number | 010 500 8624 |
| 👾Social media Platforms | |
| 🗣️Languages supported on Website | English, French, German, Spanish, Italian, Russian, Simplified and Traditional Chinese, Japanese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes, Interactive Brokers offers free trader webinars through Traders' University on a variety of topics including using their platforms, specific products (like options), and general market information. Live and recorded webinars are available. |
| 📚Educational Resources | Yes, A wide range of educational resources are available through Traders' Academy including: * Featured video courses (e.g. TWS for Beginners, Introduction to Stocks) * Users' guides * Cheat sheets * QuickStart guides * FAQs * Articles and other content These resources can help you learn about the financial markets, Interactive Brokers' platform, and different investment products. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes, Interactive Brokers offers two affiliate programs: Influencer Program and CPC Publisher Program. |
| 👨🏫Amount of partners | Not publicly advertised |
| 📋IB Program | Yes, Interactive Brokers offers a program for introducing brokers called "Introducing Brokers". This program allows other brokers to leverage Interactive Brokers' platform for their clients. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | There is no publicly available information about Interactive Brokers sponsoring notable events or teams. |
| 🪙Rebate program | Interactive Brokers does not offer a traditional rebate program. However, they do offer commission-free trading for stocks and ETFs. |
| South African Trader Specific Information | |
| Does Interactive Brokers Accept South African Traders? | Yes |
| Is Interactive Brokers regulated by the South African regulatory body (FSCA)? | No, Interactive Brokers is not regulated by the FSCA. However, it is regulated by several other financial authorities including the FCA, CFTC, ASIC, MAS, and IIROC. |
| Does Interactive Brokers offer an Affiliate Program for South African Traders? | Interactive Brokers' affiliate program is likely available to South African residents, but the program itself is not specific to any particular country. |
| Does Interactive Brokers allow opening trading accounts in ZAR (South African Rand)? | No, Interactive Brokers does not currently allow opening trading accounts in ZAR. You will need to deposit funds in a supported currency. |
| 👉Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide range of products | Limited Funding and Withdrawal Options |
| Highly regulated | Best suited to experienced traders |
| Trades on 80+ exchanges | Commission structure benefits high volume trades |
Our Findings
Interactive Brokers is a globally recognized brokerage offering a wide range of financial instruments, including forex, stocks, futures, and options.
2. Tickmill
Tickmill offers traders the opportunity to invest in several futures exchanges with leverage up to 1:500 all whilst using exclusive analysis items and trading tools.
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 access to some of the most popular futures, including an S&P 500 micro e-mini, NASDAQ 100 micro e-mini, and micro Bitcoin futures.
Featured
| Company Information | |
| 📅Year Founded | 2014 |
| 🧑🏻💻Amount of staff | 441 |
| 👩💻Amount of active traders | Over 400 000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| 🌎Country of regulation | Seychelles, UK, Cyprus, Malaysia, South Africa |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | 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 | $100 USD |
| 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 |
| 💱Number of base currencies supported | 4 |
| 🚀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 |
| 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 | [email protected] |
| 📞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 |
| South African Trader Specific Information | |
| Does Tickmill Accept South African Traders? | Yes |
| Is Tickmill regulated by the South African regulatory body (FSCA)? | Yes |
| Does Tickmill offer an Affiliate Program for South African Traders? | Yes |
| Does Tickmill allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Tickmill offers robust trading platforms and innovative mobile trading | Currency conversion fees will apply for some deposits |
| Tickmill has a very high trust score and is known for its competitive trading conditions | There are no fixed spread accounts offered |
| There are several convenient funding options available including Skrill, Neteller, and others | The spreads are not the tightest |
Our Findings
My findings on Tickmill as one of the best futures Forex brokers show that it offers low spreads, fast execution, and FSCA regulation for South African traders.
3. IG
The Futures Forex broker IG stands among the best options because it gives traders extensive access to forex and indices and commodities futures markets with excellent spreads combined with tight market liquidity.
The trading platforms created by IG allow traders to take advantage of fast execution through built-in charting tools provided by both MetaTrader 4 and their proprietary web platform.
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
The Financial Sector Conduct Authority in South Africa regulates IG and ensures both trading security and transparency.
Future trading traders should consider IG as their first choice because its flexible leverage system robust risk management tools and broad market accessibility provide them with reliable trading confidence.
Featured
| 🔎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 | [email protected]. |
| 📞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
My findings on IG as the best futures Forex broker highlight its strong reputation, competitive pricing, and extensive market offerings.
4. AvaTrade
Among all futures Forex brokers, AvaTrade takes a leading position through its secure platform which provides extensive features.
A reliable platform for Forex indices commodity futures trading exists under the supervision of the FSCA in South Africa as part of its regulated trading operations.
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
AvaTrade offers traders access to competitive spreads in addition to leverage and operates through platforms such as MetaTrader 4, MetaTrader 5, and AvaTradeGO.
Advanced futures traders plus beginners can find a perfect trading solution at the broker because it provides robust risk management systems alongside educational resources and non-stop customer support.
Featured
| 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, AvaTrade accepts South African traders. |
| Is AvaTrade regulated by the South African regulatory body (FSCA)? | Yes, AvaTrade 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, AvaTrade offers an Affiliate Program that is likely available to South African traders. |
| Does AvaTrade allow opening trading accounts in ZAR (South African Rand)? | Yes, AvaTrade allows opening trading accounts in ZAR (South African Rand). |
| 👉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
My findings on AvaTrade as a Best Futures Forex Broker reveal that it offers a well-regulated and feature-rich trading experience for South African traders.
With FSCA regulation, AvaTrade ensures a secure environment for trading futures on forex, commodities, and indices.
5. FXCM
FXCM offers access to Futures Trading via Ninja Trader. NinjaTrader offers access to a trading platform both suited to beginner and advanced traders.
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
Ninja Trader comes packed with a wide range of technical analysis tools and traders will have access to charts, simulated trading, and market analysis, the essentials for futures trading.
Featured
| 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 | [email protected] |
| 📞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 |
| FXCM offers several resources to professional clients | Professional traders are not protected by compensation or a negative balance |
Our Findings
My findings on FXCM as one of the best futures Forex brokers show that it offers a regulated and reliable trading environment with competitive pricing and advanced trading tools.
6. FxPro
Futures trading clients choose FxPro as one of the premier Forex brokers since it allows trading across major currency pairs and commodities and indices.
FxPro delivers fast market execution and MetaTrader 4 MetaTrader 5 and cTrader trading platforms together with its low spreads in a secure trading environment.
Min Deposit
USD 100
Regulators
FCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Clients can trade with assurance due to top-tier authority regulation of the broker platform.
Very competitive leverage options and exceptional customer service make FxPro an excellent platform for anyone seeking to trade futures through the Forex market.
Featured
| 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 | [email protected] |
| 📞 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, |
| 🌐 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 |
| South Africans can expect instant processing time on some withdrawal methods | FxPro has limited payment methods for withdrawals |
| South Africans are not subject to withdrawal fees | There are strict withdrawal terms and conditions |
Our Findings
FxPro provides educational resources and robust customer support, making it a solid choice for both beginner and experienced traders.
Forward Contracts vs. Futures Contracts: What’s Best?
The term “forward contract” refers to a private and customizable agreement that will be settled at the end of the agreement and will be traded over the counter or OTC.
A futures contract refers to an agreement with standardized terms and it is traded on an exchange, where prices are settled on a daily basis until the end of the contract.
Future Contracts are regulated and they come with less counterparty risk than forward contracts, therefore, in this instance, Future Contracts are best.
Futures vs Options: What’s best?
Futures and options are both commonly used derivatives contracts. Both hedgers and speculators use both Futures and options on a variety of underlying securities.
However, Futures have several advantages over options, including:
- Futures are often easier to understand and value.
- Futures have greater margin use.
- Futures are often more liquid.
Therefore, in this instance, Futures are the better choice.
Conclusion
South African traders need to examine three key factors when selecting their ideal future Forex Broker including regulatory status, transaction fee platform performance, and trading market capabilities.
South African traders who choose FSCA-regulated brokers can access secure trading features such as competitive spreads together with leverage options and advanced trading tools.
The most suitable brokers provide futures contracts that support major currency pairs and commodities and indices alongside markets for beginner and experienced traders.
The combination of dependable execution systems with risk management features and local funding options enables South African traders to conduct futures trading safely and achieve better market performance.
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Frequently Asked Questions
How does Forex futures work?
Forex futures are standard futures contracts that are used to buy or sell currency at a set date, time, and contract size.
What’s the difference between forex and futures trading?
Forex trading involves the buying and selling of currency, whereas futures trading is a way to trade thousands of financial markets.
Which is better to trade futures or forex?
With Forex, traders will get rapid execution and price certainty under normal market conditions. On the other hand, futures and equities markets do not offer price certainty or instant trade execution.
How many types of futures are there?
Futures Contracts include equity futures, index futures, commodity futures, currency futures, interest rate futures, VIX futures, and more.
Can Beginners Trade Futures?
Yes, Beginner Traders can trade futures and it is relatively easy and straightforward to understand.
