The 10 Best MetaTrader4 Brokers (MT4) were revealed in South Africa. We have rated and reviewed the Best Forex Brokers that offer the MT4 trading platform.
This is a complete listing of The 10 Best MetaTrader 4 Brokers. In this in-depth write-up, you will learn:
- A Top 10 MetaTrader 4 Brokers List
- MetaTrader 4 Broker Reviews
- The Best MetaTrader 4 Brokers in South Africa
- Do MetaTrader4 Brokers offer Demo Accounts?
- Best MT4 brokers for beginners
and much, much more!
Best MetaTrader4 Brokers – An MT4 Comparison
🔎 Broker | 👉 Open an Account | 💰 Min. Deposit | 4️⃣ MetaTrader4 |
🥇 AvaTrade | 👉 Open Account | $100 USD / R1806 ZAR | Yes |
🥈 XM | 👉 Open Account | $5 USD / R89 ZAR | Yes |
🥉 Pepperstone | 👉 Open Account | $0 USD / 0 ZAR | Yes |
🏅 CMC Markets | 👉 Open Account | $0 USD / 0 ZAR | Yes |
📌 HF Markets | 👉 Open Account | $0 USD / 0 ZAR | Yes |
📍 FXTM | 👉 Open Account | $10 / R179 ZAR | Yes |
📌 FXPro | 👉 Open Account | $100 USD / R1806 ZAR | Yes |
📍 IC Markets | 👉 Open Account | $200 USD / R3557 ZAR | Yes |
📌 Axi | 👉 Open Account | $0 USD / 0 ZAR | Yes |
📍 IG | 👉 Open Account | $0 USD / 0 ZAR | Yes |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
MetaTrader4 – A Definition
MetaTrader 4 (MT4) is an extremely popular trading platform developed by MetaQuotes in 2005. Although it is most commonly associated with Forex Trading, it can be used to trade a wide range of markets.
10 Best MetaTrader4 / MT4 Brokers (2025)
- ☑️AvaTrade – Overall, Best MetaTrader4 Broker in South Africa
- ☑️XM – Popular Forex Broker for Experience Traders
- ☑️Pepperstone – Full MetaTrader Suite
- ☑️CMC Markets – High Forex Trust Score
- ☑️HF Markets – Highly Regulated Broker Choice in SA
- ☑️FXTM – Low Deposit MT4 Broker
- ☑️FXPro – Excellent MT4 Mobile Trading Experience
- ☑️IC Markets – Low Spread MT4 Broker
- ☑️Axi – Best MT4 Broker for Beginners
- ☑️IG – Award-Winning MetaTrader4 Broker
1. AvaTrade
AvaTrade is globally considered a pioneering broker. AvaTrade offers access to competitive spreads, a wide range of automated trading platforms, and customer service support in multiple languages.
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 makes the traders-choice MetaTrader4 trading platform available. The MetaTrader4 platforms come packed with features, including:
- Fast Trading
- Platform Flexibility
- Trading Signals provided by Top Providers
- Expert Advisors
- Access across PC, Web, and Mobile
Featured
Category | Details |
Company Information | |
🏷️Company Name | AvaTrade |
📍Headquarters Location | Dublin, Ireland |
📅Year Established | 2006 |
👤CEO/Founder | Dáire Ferguson |
🌐Global Offices | Over 15 offices worldwide, including Japan, Australia, and South Africa |
🔖Licensing Body | Central Bank of Ireland, ASIC, FSA (Japan), FSCA (South Africa), ADGM (UAE) |
👥Group Companies | Ava Capital Markets, AvaTrade EU, AvaTrade Japan, AvaTrade Middle East |
🏛️Business Model | Market Maker |
🌍Operational Languages | Over 20 languages, including English, Spanish, French, and Arabic |
🏆Awards & Recognitions | Best Broker 2023, Best Trading App 2022, among others |
Regulation and Security | |
🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
✔️Compliance Standards | Adheres to MiFID II, ASIC regulations, and other regional compliance standards |
💼Client Fund Segregation | Yes, client funds are held in segregated accounts |
🪫Negative balance protection | Yes, ensuring traders cannot lose more than their account balance |
🕵️♂️Financial Conduct Oversight | Regular audits and monitoring by respective regulatory bodies |
💰Insurance Coverage | Professional indemnity insurance in line with regulatory requirements |
📋AML & KYC Policy | Strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies |
🔒Security of Trading Platform | Advanced SSL encryption, two-factor authentication (2FA), and secure servers |
🛡️Investor Compensation Fund | Member of investor compensation schemes depending on regional regulations |
🖥️Cybersecurity Measures | Robust firewalls, regular penetration testing, and secure backups |
Account Types and Features | |
⚙️Standard Account | Yes, available with competitive features |
📊ECN Account | No, AvaTrade does not offer an ECN account |
🌙Islamic Account | Yes, swap-free accounts are available for Muslim traders |
🎮Demo Account | Yes, a free demo account is available with virtual funds |
👑VIP Account | Yes, available for high-net-worth traders with enhanced features |
💵Minimum Deposit | $100 / R1806 |
💱Base Currencies | USD, EUR, GBP, AUD, and others depending on the region |
⚖️Leverage Options | Up to 1:400 (varies based on region and asset class) |
📈Spreads (Fixed/Variable) | Fixed spreads EUR/USD starts at 0.9 pips |
🔄Swap-Free Accounts | Yes, available for Islamic accounts |
🌐Account Currency Conversion | Yes, account currencies can be converted during setup |
🚨Margin Call Level | 50% |
❌Stop-Out Level | 20% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | No, scalping is not permitted under AvaTrade’s policies |
🔁Copy Trading Support | Yes, through integration with ZuluTrade and DupliTrade |
👥Social Trading Features | Yes, via third-party platforms |
💼Managed Accounts | No, AvaTrade does not offer managed accounts |
Trading Conditions | |
🔍Average Spreads | EUR/USD starts from 0.9 pips (fixed spreads) |
💲Commissions per Trade | None, spreads only |
🔢Leverage Range | Up to 1:400 |
🚀Execution Speed | Ultra-fast execution |
📊Order Execution Type | Market execution |
🔄Slippage Policy | Minimal slippage, detailed in terms |
📏Margin requirements | Varies by asset class |
⏹️Stop-Loss and Take-Profit Orders | Yes |
🔁Trailing Stops | Yes |
🕑Pending Orders | Yes |
🔽Partial Fills | Yes |
🧾Dividend Adjustments | Yes |
🌙Overnight Swap Fees | Applicable, waived for Islamic accounts |
📆Rollover Policy | Follows market standards |
🛑Guaranteed Stop Loss | Yes, for specific instruments |
Trading Instruments | |
💹Forex Currency Pairs | 55+ pairs, including majors, minors, and exotics |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes, including soft commodities |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | Yes (via platforms and email) |
📉Stocks | Yes, global stocks available |
🗂️ETFs | Yes |
🏛️Bonds | No |
📜Futures Contracts | No |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes, leverage up to 1:400 |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | Yes, available in some regions |
🧺Currency Baskets | No |
Deposits and Withdrawals | |
💳Deposit Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller), Local Payment Methods |
💵Withdrawal Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller) |
⏱️Processing Time for Deposits | YesInstant for most methods, 1-3 business days for bank transfers |
🕒Processing Time for Withdrawals | 24-48 hours for most methods, up to 5 business days for bank transfers |
🚫Deposit Fees | No |
💵Withdrawal Fees | No |
🔢Minimum Deposit Amount | $100 |
📉Minimum Withdrawal Amount | $100 (may vary by method) |
🚪Maximum Withdrawal Limit | No specific limit, subject to account balance |
💱Supported Currencies | USD, EUR, GBP, AUD, and more |
₿Crypto Deposits & Withdrawals | Not supported |
🏦Bank Wire Transfers | Supported |
💳Credit/Debit Cards | Supported |
📲E-Wallets (Skrill, Neteller, etc.) | Supported |
🏘️Local Payment Methods | Supported (varies by region) |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes, fully supported |
👩💻MetaTrader 5 (MT5) | Yes, available for advanced trading |
🖥️Proprietary Platform | Yes, AvaTradeGo and WebTrader |
📱Mobile Trading App | Yes, AvaTradeGo offers comprehensive mobile trading |
🌐Web-Based Platform | Yes, WebTrader is available |
🤖Trading Bots | Yes, compatible with EAs (Expert Advisors) |
🖧VPS Services | Available upon request |
🔌API Connectivity | No |
📉Charting Tools | Advanced charting tools are available |
🧮Custom Indicators | Supported via MT4/MT5 |
🧠Market Sentiment Analysis | Yes, integrated into platforms |
📩Trading Signals | Yes, via partnerships with Trading Central |
🏷️Advanced Order Types | Yes, including stop orders and limit orders |
⚠️Risk Management Tools | Yes, includes guaranteed stop-loss and negative balance protection |
📅Economic Calendar | Yes, provided within the platform |
📰Market News Feed | Yes, updated in real-time |
Customer Support | |
📞Support Channels | Live Chat, Email, Phone, FAQ/Help Center |
🗨️Live Chat Availability | 24/5 |
📧Email Support | Available |
📱Phone Support | Available |
🌍Multilingual Support | Yes, supports multiple languages |
❓Help Center/FAQ | Comprehensive Help Center and FAQs |
👨💼Dedicated Account Manager | Available for premium accounts |
⏲️Response Time (Live Chat) | Within a few minutes |
🕒Response Time (Email) | 24-48 hours |
⭐Support Rating | High-rated for responsiveness and efficiency |
Educational Resources and Support | |
🎥Webinars | Regular webinars on various trading topics |
🏫Seminars | Available in selected locations |
📖Trading Tutorials | Comprehensive beginner and advanced tutorials |
📊Market Analysis Reports | Daily and weekly market analysis reports |
📚E-Books | Various e-books covering different aspects of trading |
🎬Video Library | Extensive library with video tutorials |
📜Glossary | Detailed glossary of trading terms |
❔FAQs | Frequently Asked Questions section covering general and account-related inquiries |
🆕Beginner Guides | Step-by-step beginner guides to help new traders |
🚀Advanced Trading Strategies | In-depth strategies for experienced traders to enhance trading skills |
Partnerships and Programs | |
📋IB Program | Yes |
🪪Affiliate program? | Commission-based program for affiliates promoting AvaTrade |
🏷️White Label Solutions | Customized solutions for financial institutions and brokers to offer AvaTrade's services under their brand |
🎁Partnership Rewards | Rewards and bonuses for partners based on performance and business growth |
🏛️Institutional Solutions | Tailored solutions for financial institutions, including liquidity services |
🔌API Partnership | AvaTrade offers API access for integrating their trading services into third-party platforms |
🤝Referral Program | Incentives for clients who refer new traders to AvaTrade |
Fees & Charges | |
💳Deposit Fees | No deposit fees for most methods |
📤Withdrawal Fees | No withdrawal fees for most methods |
💤Inactivity Fee | Inactivity fee of $50/month after 3 months of no trading activity |
🌜Overnight Fees (Swaps) | Charges/credits depend on the position, asset class, and market conditions |
💱Conversion Fees | Conversion fees apply when depositing or withdrawing in a different currency than the account's base currency |
💰Commission on Trades | No commission for standard accounts, but commissions may apply for certain account types like ECN accounts |
Market Research Tools | AvaTrade offers an economic calendar with key financial events and news updates. |
📅Economic Calendar | AvaTrade offers an economic calendar with key financial events and news updates. |
📰Market News | AvaTrade provides real-time market news from leading financial sources. |
📩Trading Signals | AvaTrade offers trading signals through third-party providers and on its platform. |
🔧Technical Analysis Tools | AvaTrade includes charting tools, technical indicators, and analysis features. |
💭Sentiment Analysis | AvaTrade provides sentiment indicators, showing the market mood and trends. |
Additional Features | |
👥PAMM/MAM Accounts | AvaTrade offers PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) accounts for fund managers and clients. |
🔗Social Trading Platform | AvaTrade provides a social trading platform allowing users to follow and copy trades of others. |
🏆Trading Competitions | AvaTrade hosts periodic trading competitions with cash prizes and other rewards. |
🎁Loyalty Rewards | AvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders. |
👑Exclusive VIP Perks | AvaTrade offers VIP clients exclusive services like personalized account management and special offers. |
Promotions & Bonuses | |
🎁Welcome Bonus | AvaTrade offers a welcome bonus to new clients upon opening and funding their accounts. |
💵Deposit Bonus | AvaTrade may offer deposit bonuses, providing additional trading funds on qualifying deposits. |
🏅Trading Contests | AvaTrade organizes trading contests, where participants can win prizes based on their trading performance. |
🌟Seasonal Promotions | AvaTrade runs seasonal promotions throughout the year, offering special deals and bonuses. |
🎖️Loyalty Programs | AvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses. |
User Experience & Reviews | |
🖥️User Interface Quality | AvaTrade’s platform offers a clean and intuitive interface, designed for both beginner and experienced traders. |
🔒Platform Stability | AvaTrade’s platform is known for its stability, with minimal downtime and robust performance under various market conditions. |
📱Mobile App Reviews | The mobile app receives positive reviews for its ease of use, offering a wide range of features similar to the desktop platform. |
⭐Overall User Rating | AvaTrade generally holds a solid rating from users, with many praising its comprehensive offerings and user-friendly interface. |
🌟Trustpilot Rating | AvaTrade maintains a strong Trustpilot rating, with many clients expressing satisfaction with their services. |
😟Common Complaints | Common complaints include slow customer support response times and occasional withdrawal issues. |
Mobile | |
📱Mobile App Name | AvaTradeGO |
🛠️Developer | AvaTrade Ltd. |
📅Release Year | 2019 |
💻OS Compatibility | iOS, Android |
🌐Languages Supported | English, French, Spanish, Italian, Arabic, Portuguese, and others |
📈Trading Instruments | Forex, CFDs, Commodities, Stocks, Indices, Cryptocurrencies |
🔄Real-Time Data | Yes, with live market data and updates |
🛠️Charting Tools | Advanced charting tools with technical analysis indicators |
📊Order Types Supported | Market Orders, Limit Orders, Stop Orders, OCO, Trailing Stop |
🚀Order Execution Speed | Fast, near-instant execution on mobile |
🔔Custom Alerts | Yes, users can set price alerts and notifications |
🤝Beginner-Friendly | Yes, the app is designed with simplicity and ease of use |
🔐Security Features | Two-factor authentication (2FA), encryption |
🖥️Synchronization | Syncs across all devices (mobile and desktop) |
💰Deposit and Withdrawal | Yes, mobile deposits and withdrawals are supported |
📝Account Types Accessible | All account types available, including demo accounts |
🔄Switch Accounts | Yes, users can switch between accounts easily |
💬In-App Support | Live chat support available within the app |
📚Educational Resources | Access to tutorials, webinars, and market analysis |
🎯Watchlist | Yes, users can create and manage a personalized watchlist |
🌙Dark Mode | Yes, the app supports dark mode for better visibility |
🌐Social Trading | Yes, users can engage in social trading within the app |
AI Trading Resources | |
🤖AI Integration | AvaTrade offers AI-powered trading tools, integrated into the platform |
📊Data Analysis | Yes, AI-driven data analysis for enhanced decision-making |
📈Predictive Analytics | Yes, predictive tools are available to anticipate market trends |
🛠️Customizable Strategies | Yes, users can customize their trading strategies using AI tools |
📉Risk Management Tools | Advanced AI tools to assess and manage trading risks |
🧑🏫Trading Insights | AI-based insights and recommendations for optimal trades |
🚀Execution Optimization | AI-driven algorithms that optimize order execution speed |
🔄Portfolio Rebalancing | Yes, AI can assist in portfolio rebalancing based on market changes |
📚AI Tutorials | Available educational resources on how to use AI tools in trading |
🎥Video Demonstrations | Yes, video tutorials explaining how to use AI features |
🧑🤝🧑Webinars | Yes, webinars are available to discuss AI trading strategies |
🔍AI-Powered Search | Yes, search tools are enhanced with AI to provide more accurate results |
🌟Beginner-Friendly | Yes, AI tools are designed to be accessible for beginners |
🖥️Platform Availability | Available on both desktop and mobile platforms |
📈Backtesting Capability | Yes, users can backtest strategies using historical data |
🛠️Strategy Builder | Yes, users can build and customize their own AI-driven strategies |
🔔Alerts and Notifications | Yes, AI-powered alerts for market events and strategy changes |
🔒Data Protection | Strong encryption and data protection measures in place |
👁Transparency | Full transparency on how AI algorithms work and make decisions |
Social Media Platformst | |
AvaTrade is active on Facebook, providing updates, news, and promotions. |
|
AvaTrade uses Instagram to share educational content, market analysis, and trading tips. |
|
AvaTrade regularly tweets market insights, promotions, and company news. | |
AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news. | |
🎥YouTube | AvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content. |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
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
AvaTrade is a well-regulated forex broker with oversight from the ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and JFSA, ensuring high security and compliance. The broker offers fixed spreads and a variety of trading platforms.
2. XM
XM is a well-established and experienced service provider that offers its services to thousands of traders in over 190 countries worldwide.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XM offers access to the MetaTrader4 trading platform, which is available on PC/MAC, SmartPhones, and Tablets.
MT4 features include:
- Low Spreads
- Selection of Chart Types
- Micro Lot Accounts
Featured
🔎Broker | 🥇XM |
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | 450+ |
👩💻Amount of active traders | Over 5 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSC, CySEC, ASIC, |
🌎Country of regulation | Australia, Cyprus, Belize |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $5 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 11 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:1000 |
📏Margin requirements | Varies by asset and region |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,000+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 1,200+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, XM WebTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, indicators, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | +357 25029933 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 25+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes (in multiple languages) |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 5,000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Fast digital account opening | Account types vary according to jurisdiction |
Our Findings
With its commitment to transparency and client satisfaction, XM is a solid choice for traders seeking a reliable and comprehensive trading experience.
3. Pepperstone
Pepperstone is a Forex Broker regulated by ASIC, FCA, and CMA. Client funds are kept in segregated accounts, and multiple fee-free funding methods are available.
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone offers access to the world’s most popular trading platform from across phones, tablets, and desktops – MetaTrader4. Reasons to choose MetaTrader4 include:
- Customize the Platform
- Access 28 Indicators
- Flexible Order Types
Featured
🔎Broker | Pepperstone |
Company Information | |
📅Year Founded | 2010 |
🧑🏻💻Amount of staff | 300+ |
👩💻Amount of active traders | 300,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
🌎Country of regulation | Australia, UK, Dubai, Bahamas, Kenya |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | FSCS (UK clients) |
Account Types and Features | |
💳Institutional Accounts | No |
👨💼Managed Accounts | Yes (MAM/PAMM) |
📇Minor account currencies | USD, EUR, GBP, AUD, JPY, CHF |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No fees |
📊Spreads from | 0.0 pips |
💸Commissions | From $3.50 per lot (Razor Account) |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Applicable (except Islamic accounts) |
📈Leverage | Up to 1:500 |
📏Margin requirements | Varies by asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 30ms |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,200+ |
🗠CFD Stock Indices | 15+ |
⚖️CFD Commodities | 25+ |
📜CFD Shares | 900+ |
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, cTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Smart Trader Tools, Autochartist, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@pepperstone.com |
📞Customer Support Contact Number | +44 203 097 8755 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 10+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, videos, webinars, tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 1,000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Fast Account Opening | Mostly CFDs Offered |
Excellent Customer Support | Basic MetaTrader Platform |
Negative Balance Protection | No Managed Accounts |
Our Findings
Pepperstone is a leading forex and CFD broker recognized for its fast execution speeds and competitive pricing.
4. CMC Markets
CMC Markets is a global CFD and forex broker company regulated by several global authorities, including the FCA. It offers a dedicated spread betting and CFD trading account as well as a corporate trading account.
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CMC Markets offers its clients one of the leading platforms in the market: MetaTrader4 (MT4). Although MetaTrader4 is most commonly associated with forex trading, it can be used to trade a range of markets, including forex, indices, cryptocurrencies, and commodities.
Featured
🔎Broker | CMC Markets |
Company Information | |
📅 Year Founded | 1989 |
Current CEO | Lord Kirkpatrick |
Founder/s | Peter Cruddas |
🧑🏻💻 Amount of Staff | Approximately 1,500 |
👩💻 Amount of Active Traders | Over 50,000 active traders |
🌐 Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange |
Regulation and Security | |
🛡️ Regulation | FCA (Financial Conduct Authority) |
🌎 Country of Regulation | United Kingdom |
💻 Account Segregation | Yes, client funds are held in segregated accounts |
🪫 Negative Balance Protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋 Investor Protection Schemes | Yes, eligible for Financial Services Compensation Scheme (FSCS) |
Account Types and Features | |
➕ Accounts | Standard, Professional |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | Yes |
📇 Minor Account Currencies | Multiple (including ZAR, EUR, GBP, USD, etc.) |
💰 Minimum Deposit | $0 (for standard account) |
Trading Conditions | |
🕞 Average Deposit/Withdrawal Processing Time | 1-3 business days for withdrawals |
🪙 Fund Withdrawal Fee | None |
📊 Spreads From | From 0.7 pips |
💸 Commissions | No commissions on forex trades; spreads apply |
💱 Number of Base Currencies Supported | 10+ |
🚀 Swap Fees | Applicable (depends on position and instrument) |
📈 Leverage | Up to 1:500 (varies by instrument) |
📏 Margin Requirements | Depends on the instrument; generally 0.2% - 2% |
☪️ Islamic Account (Swap-Free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | Typically 100 ms or less |
📆 VPS Hosting | Yes, available for clients |
Trading Instruments | |
🧾 CFDs - Total Offered | Over 10,000 |
🗠 CFD Stock Indices | Yes, multiple global indices available |
⚖️ CFD Commodities | Yes, including metals, energy, and agriculture |
📜 CFD Shares | Yes |
Watch List | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳 Deposit Options | Bank transfer, credit/debit cards, PayPal |
💵 Withdrawal Options | Bank transfer, credit/debit cards |
Welcome Bonus | Not commonly offered |
Trading Platforms and Tools | |
💻 Trading Platforms | CMC Markets Trading Platform, MT4 |
👩💻 OS Compatibility | Windows, macOS, iOS, Android |
🖥️ Forex Trading Tools | Advanced charting tools, trading signals |
Customer Support | |
🗣️ Live Chat Availability | Yes |
📱 Customer Support Email Address | support@cmcmarkets.com |
📞 Customer Support Contact Number | +44 20 7170 8200 |
👾 Social Media Platforms | Facebook, Twitter, LinkedIn, Instagram |
🗣️ Languages Supported on Website | English, Spanish, French, German, and more |
Educational Resources and Support | |
Beginners Trader Friendly UX | Yes |
🖺 Forex Course | Yes, various online courses available |
🧏♀️ Webinars | Yes, regular webinars on trading strategies |
📚 Educational Resources | Extensive library available |
Partnerships and Programs | |
🪪 Affiliate Program? | Yes |
👨🏫 Amount of Partners | Multiple partners globally |
📋 IB Program | Yes |
🏃♂️➡️ Do They Sponsor Notable Events/Teams? | Yes, various sponsorships |
🪙 Rebate Program | Yes |
Commission Fee | N/A (no commissions on forex trades) |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official YouTube Channel | Yes |
Official LinkedIn Page | Yes |
Official Instagram Page | Yes |
Official Website Address | Yes |
South African Trader Specific Information | |
Does CMC Markets Accept South African Traders? | Yes |
Is CMC Markets Regulated by FSCA? | No, regulated by FCA (UK) |
Does CMC Markets Offer an Affiliate Program for South African Traders? | Yes |
Does CMC Markets Allow Opening Trading Accounts in ZAR? | Yes (depends on the account type) |
👉 Open Account | 👉Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Highly regulated by FCA, ASIC, and other top-tier regulators | Charges an inactivity fee after 12 months of no trading activity |
Offers over 10,000 tradable instruments, including Forex, indices, commodities, and stocks | Only offers MetaTrader 4 (MT4) and proprietary platform Next Generation |
Tight spreads, especially on major Forex pairs | Spreads can widen during high market volatility |
Proprietary platform (Next Generation) is feature-rich with advanced charting tools | The feature-rich platform can be overwhelming for novice traders |
Makes it accessible for all traders, especially beginners | No deposit bonuses or promotional offers |
Available to protect against extreme market volatility | Fewer cryptocurrency offerings compared to other brokers |
High-quality execution with no dealing desk intervention | Withdrawal fees may apply for non-bank transfer methods like PayPal |
Extensive educational materials, webinars, and market analysis | Research features, though solid, could be enhanced for deeper market analysis |
Ensures clients cannot lose more than their balance | Leverage is capped in regions like Europe due to regulations |
Generally fee-free for most deposits and withdrawals | Does not offer built-in copy trading functionality |
Our Findings
Our findings on CMC Markets reveal it to be a well-established and trusted broker regulated by top-tier authorities such as the FCA.
5. HF Markets
HFM is an award-winning forex and commodities broker that provides trading services and facilities to retail and institutional clients. It only uses major global banks, and clients’ funds are kept in bank accounts separate from those used by the company. Negative Balance protection is also available.
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
HF Markets offers multiple trading platforms, with MetaTrader4 at the top of the list. HFM MT4 is available on PCs, the Web, and a selection of mobile devices.
Featured
🔎Broker | HFM |
Company Information | |
📅Year Founded | 2010 |
🧑🏻💻Amount of staff | 500+ |
👩💻Amount of active traders | 300,500 000 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSCA, CySEC, FCA, DFSA, FSA, CMA |
🌎Country of regulation | UK, South Africa, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
💰Minimum Deposit | $0 USD / 0 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free up to a certain amount |
📊Spreads from | 0.1 pips |
💸Commissions | No |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | 1:30 |
📏Margin requirements | 0.50% |
☪️Islamic account (swap-free) | Yes, available upon request |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 500+ |
🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
📜CFD Shares | Yes, HFM allows trading CFDs on a selection of popular company shares, such as Amazon and Meta. However, the total number of individual stock CFDs may be limited compared to specialized stock brokers. |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
💵Withdrawal Options | Must be sent via the same payment method used for deposit |
Trading Platforms and Tools | |
💻Trading Platforms | HFM Platform, MT4 |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support.za@hfm.com |
📞Customer Support Contact Number | +27-104 439 924 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 27 languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
👨🏫Amount of partners | 41 000 |
📋IB Program | Yes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients. |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Wide range of markets: Foreign Exchange, Stocks, Cryptocurencies, Gold, Silver, Copper, Government Securities, Mutual Funds, Exchange Traded Funds. | Offshore entities: Some regulations are in less secure offshore zones |
Negative balance protection: But can’t lose more than its deposit. | No U.S. clients: Not available to U.S. traders |
Multiple platforms: MetaTrader 4, MetaTrader 5, WebTrader, Mobile. | Basic research tools: Limited advanced analysis features |
High leverage: Up to 1:2000 | Fees applicable when the account has been unused |
Fast execution: Quick trades with low delays | Bonus restrictions: Bonuses vary by region |
Strong regulation: FCA, FSCA, CySEC, DFSA, FSA | Transparency on fees: Some fees are less clear, depending on account and region |
Our Findings
Our findings highlight that HFM has a strong regulatory standing, user-friendly platform, and multiple account types to cater to various trader profiles.
6. FXTM
FXTM is a global CFD and FX broker regulated by multiple financial authorities. It offers customer service in several languages, multiple educational tools, and a demo account.
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
FXTM MetaTrader4 is the number-one choice for thousands of traders worldwide. It provides access to various markets and financial instruments, including FX, metals, commodities, CFDs, and indices.
Featured
🔎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
Our findings reveal that FXTM offers competitive spreads and a broad selection of forex pairs and CFDs. The broker is well-regulated and provides access to popular platforms like MetaTrader 4 and MetaTrader 5.
7. FXPro
FxPro offers clients access to Contracts for Difference (CFDs) on six asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energies. FxPro is a well-known, trustworthy broker regulated by the FCA, CySEC, FSCA, and SCB.
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
MetaTrader 4 has been established as the industry standard and offers access to advanced trading infrastructure, competitive pricing, and superior order execution. The MetaTrader4 Desktop Platform comes stocked with
- 50+ preinstalled technical indicators
- 24 analytical charting tools
- 3 chart types & 9 time-frames
- 1-click trading & trade from charts
- Trailing Stop
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 | 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 |
Segregates client funds | Not ASIC Regulated |
Highly Regulated (FCA, CySEC, FSCA) | High trading fees |
Low Minimum Deposit | Inactivity Fee |
User-Friendly account registration | Only CFDs and Forex |
Fast Trade Execution (Ultra-low latency) | No Bonuses or Promotions |
Multiple Trading Platforms (MT4, MT5, cTrader, FxPro Edge) | Limited Range of Tradable Assets (No direct stocks or ETFs) |
No Deposit Fees | Higher Spreads on Some Accounts |
24/5 Multilingual Support | No Social Trading Features |
Our Findings
Our findings on FxPro reveal a well-established broker with solid regulatory oversight, including the FCA, CySEC, and FSCA.
8. IC Markets
IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders and scalpers. It is authorized and regulated by multiple Regulators worldwide, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA), and the Securities Commission Bahamas (SCB).
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The award-winning IC Markets MetaTrader 4 platform offers fast execution speeds and flexible trading conditions.
Featured
🔎Broker | IC Markets |
Company Information | |
📅Year Founded | 2007 |
🧑🏻💻Amount of staff | Over 200 |
👩💻Amount of active traders | Over 180,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
🌎Country of regulation | Australia, Cyprus, Seychelles |
💻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, CAD, CHF, JPY, NZD, SGD, HKD |
💰Minimum Deposit | $200 / 3607 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | None for most methods |
📊Spreads from | 0.0 pips on Raw Spread accounts |
💸Commissions | $3.50 per lot per side on Raw Spread accounts |
💱Number of base currencies supported | 10 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 500:1 |
📏Margin requirements | Variable based on asset and leverage |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Average 40 milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 2300 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets WebTrader |
👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
🖥️Forex trading tools | Autochartist, Trading Central, ZuluTrade, Myfxbook, Advanced charting tools |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@icmarkets.com |
📞Customer Support Contact Number | +61 2 8014 4280 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
🗣️Languages supported on Website | English, Chinese, Spanish, Italian, French, 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 |
Low Forex Fees | Limited Product Selection |
Easy Account Opening | Slow Chat Response |
Our Findings
With its emphasis on transparency, fast execution, and comprehensive customer support, IC Markets is a strong choice for both novice and experienced traders.
9. Axi
Axi is an industry-leading online trading company with tight spreads, supersonic execution, advanced tools, and award-winning customer service.
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Axi MetaTrader4 is a simple-to-use and fully functional trading platform with features like charts, price alerts, custom indicators, and analysis tools.
Featured
Company Information | |
📅Year Founded | 2007 |
Current CEO | Rajesh Yohannan |
Founder/s | Goran Drapac |
🧑🏻💻Amount of staff | 200+ |
👩💻Amount of active traders | 60,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, FCA, DFSA, FSA FMA |
🌎Country of regulation | UK, Australia, UAE, New Zealand, |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
🔋Investor Protection Schemes | Yes (up to £85,000 in the UK through FSCS) |
Account Types and Features | |
➕Accounts | Standard, Pro, and Elite account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD |
💰Minimum Deposit | $0 for Standard Account |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | From 0.0 pips |
💸Commissions | $3.50 per lot per side (for Raw accounts) |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Yes (Standard accounts) |
📈Leverage | Up to 500:1 |
📏Margin requirements | 0.2% minimum |
☪️Islamic account (swap-free) | Yes, available upon request |
💻Demo Account | Yes |
⌛Order Execution Time | <30 milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 130+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 14 |
📜CFD Shares | 50+ |
Watch List | 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, bank transfer, PayPal, Neteller, Skrill |
💵Withdrawal Options | Credit/debit cards, bank transfer, PayPal, Neteller, Skrill |
Welcome Bonus | No |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, Axi One |
Stop-loss Instrument | Yes (Guaranteed stop-loss on select accounts) |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
Investor Protection Schemes | Yes (UK, Australia) |
🖥️Forex trading tools | Autochartist, PsyQuation, Economic Calendar, VPS, Social Trading Tools |
Customer Support | |
🗣️Live chat availability | Yes (24/5) |
📱Customer Support email address | service@axi.com. |
📞Customer Support Contact Number | +61 2 9965 5830 |
🗣️Languages supported on Website | English, Arabic, Chinese, German, Spanish, |
Educational Resources and Support | |
Beginners Trader Friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes (eBooks, tutorials, videos) |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 1000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Not currently |
🪙Rebate program | Yes |
Community Forum | Yes (via PsyQuation community) |
Social Media Platforms | Yes |
Official Website Address | Yes |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official YouTube Channel | Yes |
Official LinkedIn Page | Yes |
Official Instagram Page | Yes |
Accept South Africa Traders? | Yes |
Is Axi Regulated by the South Africa Regulatory Body (FSCA)? | No |
Does Axi Offer an Affiliate Program for South African Traders? | Yes |
Does Axi Allow Accounts to be Opened in ZAR/Rands? | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Regulated by FCA (UK), ASIC (Australia), DFSA (UAE), and FMA (New Zealand) | Not regulated by the FSCA in South Africa |
No minimum deposit required for standard accounts | No welcome bonus or promotional incentives |
Tight spreads starting from 0.9 pips on Raw accounts | Stock trading is not available in all countries |
Available for high-volume traders | Fewer cryptocurrency pairs available compared to competitors |
Our Findings
Our findings on Axi show that it is a reputable broker regulated by top-tier authorities such as ASIC and FCA. Axi offers competitive trading conditions, including low spreads starting from 0.0 pips.
10. IG
IG is a leading global online service provider that offers traders access to opportunities across thousands of financial markets through intuitive platforms and apps.
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
IG MT4 offers instant access to 18 free add-ons and indicators, expert advisors, and more. It is also available as a downloadable mobile app.
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 | 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 |
Operates under top-tier regulators (FCA, ASIC, CFTC, etc.) | Minimum deposit can be high, especially outside the UK |
Competitive spreads, especially for major pairs | Charges an inactivity fee after two years of no activity |
Offers MetaTrader 4 (MT4), ProRealTime, and its proprietary platform | Spreads can widen during volatile market conditions |
Includes Forex, stocks, indices, commodities, and cryptocurrencies | Leverage limits are lower in regions like Europe and Australia due to regulations |
Extensive library of webinars, tutorials, and market analysis | Cryptocurrency CFD trading is restricted in certain areas (like the UK) |
No minimum deposit for bank transfers in certain regions | Fees for withdrawals via PayPal and credit cards in some regions |
Provides protection against extreme market volatility | Some fees can be difficult to understand, such as financing rates and spread costs for less commonly traded instruments |
Over 45 years in the market with a solid global reputation | Lacks promotional offers like deposit bonuses or cashbacks |
24/5 customer service and support across multiple languages | Advanced features and tools may feel complex for new traders |
Offers social trading features and trading signals | Doesn't provide built-in copy trading options like some competitors |
Our Findings
Our findings on IG highlight its position as a leading and highly regulated broker, with oversight from the FCA, ASIC, and CFTC authorities.
Conclusion
In conclusion, the best MetaTrader 4 brokers in South Africa stand out for their robust trading platforms, competitive pricing, and strong regulatory oversight. These brokers deliver reliable and efficient trading solutions, making them top choices for South African traders using MT4.
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Frequently Asked Questions
Which is the most popular MT4 Broker Choice in South Africa?
According to research, AvaTrade is the most popular MT4 Broker choice amongst forex traders in South Africa.
How do I compare Metatrader4 brokers?
There are a few important factors to consider when comparing MT4 brokers, such as 1. account types, 2. regulation, and 3. Execution Method and Speed, 4. trading costs involved, 5. plugins and MT4 tools offered by the broker, and 6. customer support, Analysis, and Education resources.
Why do so many brokers offer MetaTrader4?
Metatrader4 broker tasks, such as processing trades, transmitting quotes, and managing accounts, are done with high efficiency in MT4. Other factors that explain why so many forex brokers use MT4 include trade servers, access points, gateways, data feeds, backup and recovery functions, powerful security systems, and many opportunities to expand functionality.
Can I use MetaTrader4 without selecting a Broker?
No, to trade with MetaTrader4, a brokerage account is required.
What are the Pros of trading with MetaTrader4 forex brokers?
Choosing to trade with MetaTrader4 includes multiple positive aspects, including excellent charting capabilities.
Which broker is the best for Zar?
Best broker for ZAR is Exness, Tickmill, HF Markets, FxPro, XM, FXCM.
Who owns MetaTrader 4?
MetaQuotes Software developed it.
Can I make money on MetaTrader 4?
Yes, you can. With MetaTrader 4, you can set buy and sell limits in the ‘orders’ window.
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