This list of the best lowest minimum deposit Forex brokers will shed some light on the sign-ups amounts that are required by some of the best Forex brokers in the markets.
10 Best Forex Brokers with a Minimum Deposit in South Africa.
✔️Alpari
✔️FXTM (ForexTime)
✔️FP Markets
XM
GO Markets
AvaTrade
HotForex
IG
Plus 500
eToro
There are brokers that offer free sign up but that sometimes comes along with inherent drawbacks.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Pros and Cons will be given for the brokers discussed in this article to help you make a more informed decision.
This list does not aim to rank Forex brokers but to rather give more information on them.
Alpari
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit: R 1800
Alpari coordinate their operations in eight locations around the globe and have earned their great reputation within Forex trading. Having tailored product offerings to suit trader’s requirements, Alpari appeals to both the experienced and the novice trader.
The demo account feature will be appreciated by beginner traders as it will allow them to quickly get up to speed with all the moving parts in the Forex world.
Experienced traders will definitely want to take advantage of the “Strategy Manager” role offered by Alpari. This will allow their Forex trading strategies to be adopted by other traders and they’ll earn a share of the profits made.
Alpari’s customer service provides a great experience and users can expect an effortless trading experience.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Great product offering | Needs better research tools |
| Strategy Manager role | Lacks sufficient educational material |
| CFDs on Bitcoin | Small range of CFD trading instruments |
FXTM (ForexTime)
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
Minimum Deposit: R 180
Arriving on the scene in 2011, FXTM, also known as ForexTime, have in excess of two million users all managed by a team of 800 employees.
They certainly have had a tenure in the world of Forex that has earned them their amazing reputation.
FXTM is a well-regulated broker which pays specific attention to ensuring that novice traders make the easiest transition possible into the world of Forex.
This focal point is evident in the abundant educational and research material which is tailored more for beginners.
Creating an account is painless and easy as is the Forex trading experience offered through the web and mobiles platforms.
Any technical issues will be swiftly resolved during working hours by the tech support team.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Great customer service | Withdrawals carry high fees |
| Easy sign up process | Inactivity penalty |
| Educational resources are good | Narrow product offering |
FP Markets
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
Minimum Deposit: R 1188
Successfully navigating through turbulent financial times is what has earned FP Markets their reliable reputation since establishing themselves in 2005.
FP Markets is synonymous in the market with a safe and stable Forex trading experience.
FP Markets have carefully put together the balance between their products and their pricing and are able to appeal to traders of any experience level.
Research and educational tools are extensive and offer a few great utilities.
Creating an account is easy enough and the web and mobile trading platforms offer a great user experience. Client tech support are great at resolving queries albeit only during working hours.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Good tech support | Limited product scope |
| Quick account creation | Some withdrawals attract extra costs |
| No penalties for inactivity | Development needed on web platform |
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
XM
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
Minimum Deposit: R 90
Established in 2009, XM have grown to have an international client base in excess of 3 000 000. Having won the COLWMA in 2025, XM have earned their reputation as one of the bigger market contenders.
XM provides a great Forex trading experience on their web and mobile platforms. Users may find that the mobile platform has the better experience and has all the features of the web platform.
The educational and training material that is made available on the platform will appeal to traders of any experience level and proves to quite useful.
Creating an account is a pain free experience and the client tech support is exceptional.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Painless sign up process | Limited products on offer to European customers |
| Comparatively lower CFD fees | Comparatively high Forex fees |
| Free withdrawals | Penalties for inactivity |
| Good educational tools | |
GO Markets
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSC, FSA, SCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
50+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit: R 3600
GO Markets have an appeal to Forex traders of all experience levels. They offer fantastic features and have educational and analysis tools that are innovative and useful.
Getting an account is simple and quick, and beginner traders will want to capitalise on the demo account feature to help to shorten the learning curve.
Their practical trading platform is available on the web and on mobile and customer support does a great job at making sure that you avoid downtime.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Cheap transaction fees | Few account types |
| Customer support is good | Penalties for inactivity |
| Great technology infrastructure | |
AvaTrade
Minimum Deposit: R 1800
Established in 2006, AvaTrade have built their client base to include over 200 000 active traders who are executing two million transactions a month.
AvaTrade’s mobile platform is for more appealing than the web platform but traders will be able to have a decent experience on either.
Avatrade make it their priority to make sure that traders have the necessary tools to be successful in the Forex world.
There are great training and educational materials available, but the research resources are inherently limited.
Creating an account is effortless much like the trading experience. Customer support is available on a few channels to offer their great expertise to resolve issues.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Easy account creation | Improvement needed for research tools |
| Deposits and withdrawals are free | Phone support has slow response times |
| Educational tools are good | Narrow product offering |
HotForex
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
Minimum Deposit: R 90
HotForex has an amazing reputation for their integrity. Being a winner of the Business Excellence award, HotForex has provided a secure, stable and transparent trading environment and has become a trusted name amongst traders.
Users can expect mobile and web platforms that have been designed well and include great research and educational tools.
Creating a Forex demo account is a little rigorous but that is more for your protection and also once you are want to move from a demo account to a live one, you do not have to sign up again.
Customer support is ready to assist around the clock with resolving your queries.
They responded to our queries very quickly, including a personal telephone call, which in South Africa is a must especially if you are new to Forex trading.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Great range of products | Only few base currencies available |
| Around the clock support | |
| Many account types | |
| Competitive fees | |
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
IG
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
Minimum Deposit: R 4500
Established in 1974, IG has become a prominent broker of CFDs in the Forex market. They have established a solid reputation by holding fast to their customer service ethic.
IG sport a fantastic web platform and have equipped it with excellent research and educational utilities to ensure that the Forex trading experience is as rich as possible.
Registering an account is simple but requires some patience to finalise due to the lengthy confirmation process.
Customer support will resolve user queries quickly and effectively and give the best support via email.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Great web platform | Few products offered |
| Good educational utilities | Improvements need to be made to phone support |
| Low trading fees | |
Plus 500
Min Deposit
USD 100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Platform
WebTrader
Crypto
Yes (Availability subject to regulations)
Total Pairs
70+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CFD Service. Your capital is at risk
Minimum Deposit: R 1500
Plus500 Ltd is based in Israel, established in 2008. Plus 500 see themselves as one of the market leaders in technology and innovation and have a mission to be the first-choice provider of CFD instruments.
Plus 500 are ready to equip traders with their powerful trading platform and show off why they see themselves as the leaders in technology and innovation.
There is a limitation when it comes to product scope as only CFDs are available for trading.
Educational material and research tools need some improvements but the customer support is very and available 24 hours a day.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Great web platforms | Limited research tools |
| 24/7 customer support | Needs phone support |
| Comparatively lower trading fees | Mediocre educational tools |
eToro
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Minimum Deposit: R 3600
Arriving on the Forex scene in 2007, eToro have coined the term Social Trading and have attracted millions of traders worldwide.
They are best known for always challenging the norm and offer traders an impressive range of Forex products.
Users will jump at the opportunity to browse the educational and resource material but may find themselves disappointed with what they find.
The web and mobile platforms, however, make up for the lack of other resources and have been recognised for an amazing trading experience.
Account creation is completely painless and client tech support can provide swift responses and accurate resolutions to user problems.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Free trading on ETF and Stocks for European citizens | One base currency for accounts |
| Easy registration | Comparatively higher forex fees |
XTB
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit: R 4500
XTB have been offering impressive solutions to traders since 2002 and have become a trustworthy Forex broker.
Climbing the learning ladder may be something that could be made easier through the thorough educational and research tools offered by XTB.
Creating an account is straightforward and client tech support are excellent at resolving issues.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Comparatively lower forex fees | Few products offered |
| Easy withdrawals and deposits | Email support could be better |
| Quick and easy account creation | |
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
Forex.com
Min Deposit
USD 100
Regulators
CIMA
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
No
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit: R 900
Established in 2001, FOREX.com make a great impression on novice and seasoned traders because of the good trading experience that they provide.
Research and educational tools are sufficient and vast but have inherent limitations in the fundamental data.
Creating an account is easy enough but traders will need to be patient with the lengthy verification process.
Customer support favours the telephone channel over email and live chat; and their service is relevant and efficient.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Low forex fees | Desktop platform needs development |
| Great research tools | Few products offered |
| Easy registration | |
OvalX
Min Deposit
USD 250
Regulators
FCA, CySEC
Trading Platform
MT4, OvalX Trading Platform
Crypto
Yes
Total Pairs
79
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit: R 1800
Established in 1965, ETX capital have been collecting awards for many years in an effort to cement their position as one of the market leaders in Forex.
Although the trading experience has been proven to be satisfactory, the educational resources are outdated and the platform design needs to be improved.
Account creation is an easy process and the client tech support team are well equipped with all the knowledge to efficiently resolve user queries.
Pros and Cons
| ✅Pros | ❌ Cons |
| Great transaction options | High trading fees |
| Easy registration | Few research tools |
| Adequate resources |
OctaFX
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA and FSC
Trading Platform
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Minimum Deposit: R 900
OctaFX was established in 2011 and have been affording traders the opportunity of choosing from wide variety of products that they offer.
Users can look forward to well developed web and mobile platforms which provide a good trading experience. Research tools and educational material will prove to be useful to both the novice and expert alike.
Account creation is completely digital and effortless and customer support is great and are available through multiple channels.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Good range of trading accounts | Limited deposit and withdrawal options |
| Good research tools | Inactivity penalties |
Vantage FX
Min Deposit
USD 50
Regulators
CIMA, SIBL, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
38
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit: R 1800
Established in 2009, VANTAGE FX have proven to be an exceptional choice for traders offering great and reliable service.
VANTAGE FX sports an impressive platform which is accessible through web and mobile platforms.
Their extensive training and research material is sure to be beneficial to traders of any experience level.
Account registration is a fantastic, effortless process and customer support provide great assistance and is able to assist in many languages.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Great product range | Limited account types offered |
| Exceptional research and educational tools | |
| Easy sign up | |
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
IQ Option
Min Deposit
USD 10
Trading Platform
Proprietary Platform
Crypto
Yes
Account Activation
24 Hours
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
Minimum Deposit: $10 USD
Founded in 2013, IQ Option has grown to facilitate more than 1 000 000 transactions a day to over 100 million registered users.
Offering a wide range of products and services to over 200 countries, it’s easy to see why Forex traders like IQ Option.
Users will have access to IQ Options’ proprietary trading platform which has been specifically tailored for their users’ needs and provide an amazing trading experience.
Education and training tools could be better but the research tools are useful.
Signing up carries no fuss with it. Client tech support is prompt and relevant and toll-free services are available in certain countries.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Great platform | Region limitations |
| Good tech support | |
| Easy sign up | |
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”
Tickmill
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
Minimum Deposit: R 1800
Tickmill was established in 2014 by a team of experienced global market traders and have been focused on building their brand and user base.
Tickmill offers an average web platform and good mobile platform, both of which are easy to use and highly customisable.
The research and educational tools offered by Tickmill are very good and you will definitely benefit.
Their filing system needs to be improved as it can be a bit cumbersome to navigate and right find the right resources.
The account creation process is flawless much like its tech support team whose only drawback is the lack of 24 hour support.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Low trading fees | Few products offered |
| Easy registration | Platforms needs improvement |
| No fees for deposits and withdrawals | |
Conclusion
It’s no secret that starting out in Forex can be quite a daunting task especially considering that you may have to outlay cash with no guaranteed return.
There are so many options offered to traders from reputable, reliable brokers in the market and the Forex trader that you select can either make your life very easy or very difficult, based on whether or not their setup is aligned to your goals as a trader.
In this article we looked at 17 Best Lowest Minimum Deposit Forex Brokers to assist you with making this decision.
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade - #1 JSE Trading Platform
- Time to open Account - Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
Frequently Asked Questions
Who are the best lowest minimum forex brokers?
Here you will find a list and the minimum deposit requirement of the 17 best lowest minimum forex brokers.
Is it possible to start forex trading with $1?
Yes.
Can make forex trading you rich?
Yes, it is possible, but always remember that it can be a rocky highway to very large losses as well.
Can you live off forex trading?
Yes, it is possible, but not easy.
Why is forex dangerous?
The number one danger of forex is that of an uncontrollable market risk. If the markets go against you, you can lose money; or make winning trades.
Top 4 Brokers
