The Top Forex Brokers in the World reviewed. We have rated and reviewed the 100 Best Forex Brokers that offer their services to Forex Traders worldwide.
This is a complete listing of The Top and Best Forex Brokers in the World. In this in-depth write-up, you will learn:
- The Top 100 Forex Brokers in the World – List
- The Top 20 Forex Brokers in the World – an Overview
- The Best Forex Broker for Beginners in South Africa.
- Best Forex Broker and Top Forex Trader in South Africa.
- The Largest Forex Broker in the World.
- Best Brokers with ZAR Accounts, Low Spreads, and No-Deposit Bonus.
- Brokers with MT4/MT5, Small Accounts, Scalping, and High-Leverage.
- Forex Brokers with Minimum Deposit of USD 1.
- Top 3 Market Leading Forex Brokers in the World by Volume.
- The Top 10 Biggest Forex Brokers by active accounts.
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
Top 100 Forex Brokers in the World (2025) – A Comparison
| ➡️ Broker | 👉Open Account | ✒️ Regulation | 💰 Minimum Deposit | 🔣Trust Score (5) |
| Avatrade | 👉 Open Account | Central Bank of Ireland, ASIC, FSA, BVI Financial Services Commission | $100 | 4.5 |
| Exness | 👉 Open Account | FCA, CySEC, FSCA | $10 | 4.4 |
| IG Group | 👉 Open Account | FCA, ASIC, CFTC | $0 | 4.6 |
| XM | 👉 Open Account | CySEC, ASIC, FCA | $5 | 4.5 |
| Saxo Bank | 👉 Open Account | FSA, ASIC, FCA, FINMA | $2,000 | 4.6 |
| OANDA | 👉 Open Account | CFTC, FCA, ASIC, IIROC | $0 | 4.5 |
| Pepperstone | 👉 Open Account | ASIC, FCA | $200 | 4.5 |
| eToro | 👉 Open Account | FCA, CySEC, ASIC, FinCEN | $200 | 4.4 |
| Tickmill | 👉 Open Account | FCA, CySEC, FSA | $100 | 4.5 |
| FP Markets | 👉 Open Account | ASIC, FCA, FSA | $100 | 4.5 |
| Forex.com | 👉 Open Account | CFTC, NFA, FCA | $50 | 4.5 |
| FXTM | 👉 Open Account | FCA, CySEC, FSC | $100 | 4.3 |
| CMC Markets | 👉 Open Account | FCA, ASIC, IIROC | $0 | 4.5 |
| Dukascopy | 👉 Open Account | FINMA | $1,000 | 4.5 |
| IC Markets | 👉 Open Account | ASIC, CySEC, FSA | $200 | 4.6 |
| Plus500 | 👉 Open Account | FCA, ASIC, CySEC | $100 | 4.4 |
| Admirals | 👉 Open Account | FCA, ASIC, EFSA | $1 | 4.5 |
| HFM | 👉 Open Account | FCA, FSA, FSC | $50 | 4.4 |
| Alpari | 👉 Open Account | CySEC, FCA, FSC | $100 | 4.5 |
| Octa | 👉 Open Account | CySEC, FSA | $100 | 4.5 |
| FXPro | 👉 Open Account | FCA, CySEC, FSCA, DFSA | $100 | 4.8 |
| RoboForex | 👉 Open Account | IFSC | $10 | 4.6 |
| FBS | 👉 Open Account | IFSC, CySEC | $1 | 4.5 |
| XTB | 👉 Open Account | FCA, KNF, CySEC | $0 | 4.7 |
| ThinkMarkets | 👉 Open Account | FCA, ASIC | $0 | 4.5 |
| HYCM | 👉 Open Account | FCA, CySEC, DFSA | $100 | 4.5 |
| Markets.com | 👉 Open Account | CySEC, FCA | $100 | 4.6 |
| FXChoice | 👉 Open Account | IFSC | $100 | 4.4 |
| InstaForex | 👉 Open Account | IFSC (Belize), FCA (UK) | $1 | 3.5 |
| FXOpen | 👉 Open Account | FCA (UK), ASIC (Australia) | $1 | 4.0 |
| FXPIG | 👉 Open Account | Not regulated (operates offshore) | $500 | 3.0 |
| BlackBull Markets | 👉 Open Account | FMA (New Zealand) | $200 | 4.5 |
| Vantage FX | 👉 Open Account | ASIC (Australia), CIMA (Cayman Islands) | $200 | 4.0 |
| Interactive Brokers | 👉 Open Account | FCA (UK), SEC (USA), CFTC (USA) | $0 | 4.8 |
| Capital.com | 👉 Open Account | FCA (UK), CySEC (Cyprus) | $20 | 3 |
| Eightcap | 👉 Open Account | ASIC (Australia) | $100 | 4 |
| Swissquote | 👉 Open Account | FINMA (Switzerland) | Varies by account type | 4 |
| LegacyFX | 👉 Open Account | Unregulated (Caution Advised) | $250 | N/A |
| Axi | 👉 Open Account | ASIC (Australia), FCA (UK) | $0 (account opening fee may apply) | 4 |
| City Index | 👉 Open Account | FCA (UK) | £100 | 4 |
| BDSwiss | 👉 Open Account | CySEC (Cyprus), FCA (UK) | $100 | 4 |
| ForexChief | 👉 Open Account | CySEC (Cyprus), SVG Financial Services Authority (St. Vincent & the Grenadines) | $100 | 3 |
| ATFX | 👉 Open Account | FCA (UK), FSC (British Virgin Islands) | $200 | 3 |
| SuperForex | 👉 Open Account | CySEC (Cyprus) | $100 | 3 |
| NordFX | 👉 Open Account | CySEC, FSCA | $100 | 4 |
| Windsor Brokers | 👉 Open Account | CySEC, FSA | $100 | 4 |
| FreshForex | 👉 Open Account | FCA, CySEC, FSCA | $100 | 4 |
| JustMarkets | 👉 Open Account | FCA, CySEC, FSCA | $100 | 4 |
| LiteForex | 👉 Open Account | FCA, CySEC, FSCA | $100 | 4 |
| Orbex | 👉 Open Account | FCA, CySEC, FSCA | $100 | 4 |
| Grand Capital | 👉 Open Account | FSCA, ASIC | $100 | 3 |
| Equiti | 👉 Open Account | FCA, CySEC, FSCA | $100 | 4 |
| FXPrimus | 👉 Open Account | FCA, CySEC, FSCA | $100 | 4 |
| ACY securities | 👉 Open Account | ASIC, FCA, CySEC | $100 | 4 |
| LMFX | 👉 Open Account | CySEC | $100 | 4 |
| easyMarkets | 👉 Open Account | ASIC, CySEC, FCA | $100 | 4 |
| GO Markets | 👉 Open Account | ASIC, CySEC | $100 | 4 |
| ActivTrades | 👉 Open Account | FCA, CySEC | $100 | 4 |
| Trade Nation | 👉 Open Account | FCA | $100 | 4 |
| FXGlobe | 👉 Open Account | CySEC | $100 | 4 |
| LQDFX | 👉 Open Account | CySEC | $100 | 4 |
| Forex4you | 👉 Open Account | FSC | $100 | 3 |
| CM Trading | 👉 Open Account | FSCA | $100 | 3 |
| Global Prime | 👉 Open Account | FCA, ASIC | $100 | 5 |
| Finq.com | 👉 Open Account | CySEC | $100 | 4 |
| TeraFX | 👉 Open Account | FCA | $100 | 5 |
| OvalX (ETX Capital) | 👉 Open Account | FCA | $100 | 5 |
| Skilling | 👉 Open Account | CySEC | $100 | 4 |
| TIOmarkets | 👉 Open Account | CySEC | $100 | 5 |
| ZFX (Zeal Capital Market) | 👉 Open Account | FCA | $100 | 5 |
| AAAFx | 👉 Open Account | IFSC | $100 | 3 |
| Just2Trade | 👉 Open Account | FSCA | $100 | 4 |
| Scope Markets | 👉 Open Account | FCA | $100 | 5 |
| FXCM | 👉 Open Account | US, UK, Australia, Canada, Cyprus, New Zealand | $50 | 4 |
| FXCL Markets | 👉 Open Account | Cyprus, New Zealand | $100 | 3 |
| KwikTrade | 👉 Open Account | UK, Australia | $100 | 4 |
| Valutraders | 👉 Open Account | UK | $100 | 3 |
| AlphaFX | 👉 Open Account | UK | $100 | 4 |
| Questrade | 👉 Open Account | Canada | $1,000 | 5 |
| Core Spreads | 👉 Open Account | UK | $100 | 4 |
| USGFX | 👉 Open Account | US | $100 | 3 |
| Libertex | 👉 Open Account | Cyprus, Europe | $100 | 3 |
| VIBHS Financials | 👉 Open Account | India | $100 | 2 |
| LimeFX | 👉 Open Account | Unregulated (Caution Advised) | 100 | 2 |
| Trade.com | 👉 Open Account | CySEC (Europe) | 250 | 4 |
| Deriv | 👉 Open Account | VFSC (Vanuatu) | 5 | 3 |
| IBKR | 👉 Open Account | FINRA (US), FCA (UK) | 10000 | 5 |
| GMO Trading | 👉 Open Account | FSA (Japan) | 1000 | 4 |
| TigerWit | 👉 Open Account | ASIC (Australia) | 200 | 4 |
| Invast Global | 👉 Open Account | Unregulated (Caution Advised) | 250 | 1 |
| IQ Option | 👉 Open Account | CySEC (Europe), SVG (St. Vincent) | 10 | 2 |
| PaxForex | 👉 Open Account | FSC (Belize) | 100 | 3 |
| Trade360 | 👉 Open Account | CySEC (Europe) | 50 | 4 |
| FXTrading.com | 👉 Open Account | FSC (Belize) | 100 | 2 |
| TopFX | 👉 Open Account | Unregulated (Caution Advised) | 250 | 1 |
| VT Markets | 👉 Open Account | ASIC (Australia), FCA (UK) | 200 | 4 |
| Key to Markets | 👉 Open Account | SVG (St. Vincent) | 100 | 2 |
| Eightcap | 👉 Open Account | ASIC (Australia) | 100 | 4 |
| DooPrime | 👉 Open Account | Financial Conduct Authority (FCA) | 100 USD | 5 |
Top 10 Regulated Forex Brokers in The World (2025)
- ☑️ IG Group –Best and Overall Biggest Forex Broker in the World
- ☑️ AvaTrade – Advanced trading platforms and broad asset offerings.
- ☑️ Exness – Leading Broker Choice for both Beginners and Professionals.
- ☑️ XM – Trusted Broker with a Low Minimum Deposit of $5.
- ☑️ Saxo Bank – Cater to both retail and institutional clients.
- ☑️ OANDA – Trading accounts offer a wide range of benefits.
- ☑️ Pepperstone – Impressive customer relations.
- ☑️ eToro – Multiple financial instruments.
- ☑️ Tickmill – Has low costs of trading.
- ☑️ FP Markets – Top Broker with Low Spreads.
1. IG Group
IG Group is one of the largest brokers in the world because of its regulation, experience, trading instruments, platforms, offices, capital, education, innovation, competitive rates, and support.
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎Broker | IG |
| Company Information | |
| 📅Year Founded | 1974 |
| 🧑🏻💻Amount of staff | Over 1,000 |
| 👩💻Amount of active traders | Over 239,000 |
| 🌐Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange (LSE) |
| Regulation and Security | |
| 🛡️Regulation | Regulated by multiple financial authorities including FCA (UK), ASIC (Australia), and others |
| 🌎Country of regulation | South Africa, United States, UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes (under FCA and ASIC regulations) |
| Account Types and Features | |
| ➕Accounts | Institutional and Retail corporate clients |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | USD, EUR, GBP, AUD, CAD, JPY, and others |
| 💰Minimum Deposit | $0 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | No |
| 📊Spreads from | 0.6 pips |
| 💸Commissions | Variable |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Yes (varies by account type) |
| 📈Leverage | Up to 200:1 |
| 📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
| ☪️Islamic account (swap-free) | No |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | < 1 second |
| 📆VPS Hosting | No |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 16000+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💵Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | IG Trading Platform, MetaTrader 4, |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Trading signals, economic calendar, charting tools |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | [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
IG Group occupies a dominant position among global brokers and provides a diversified service offering, reputable protection, and enhanced trading terminals. It continues to be an industry leader in
online trading with an international market scope, relatively fair trading environment, and broad market connectivity.
2. AvaTrade
AvaTrade is the Best and Largest Forex Broker in the World.
It allows investors to trade CFDs on FX, Stocks, Commodities, Crypto, Indices, and options.
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
Features
| Company Information | |
| 📅Year Founded | 2006 |
| 🧑🏻💻Amount of staff | 614 |
| 👩💻Amount of active traders | 300,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
| 🌎Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) | * Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) | |
| Account Types and Features | |
| ➕Accounts | Standard Account, Retail Islamic account, Professional account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | AvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts. |
| 📇Minor account currencies | AUD, JPY, GBP, USD, EUR, CHF |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.7 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 400:1 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,250+ |
| 🗠CFD Stock Indices | Major global indices (e.g., US 30, FTSE 100, DAX 30) |
| ⚖️CFD Commodities | Precious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn) |
| 📜CFD Shares | Thousands of shares from various global exchanges (US, Europe, Asia) |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading) |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | Online email on website |
| 📞Customer Support Contact Number | +447520644093 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | Over 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 70 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does AvaTrade Accept South African Traders? | Yes, 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 | 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 |
Our Findings
AvaTrade, based in Dublin, is one of the largest global brokers with numerous trading instruments, tight spreads, and strong platforms.
Due to the firm’s base in the regulation, multiple account types, and desire to help customers, it’s a suitable option for many people to trade.
3. Exness
Exness is the Leading Broker Choice for both Beginners and Professionals.
Exness offers instant withdrawals, fast and reliable execution, and a wide range of live trading accounts.
Min Deposit USD 10 Regulators CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Trading Platform MT4, MT5, WebTerminal, Exness Terminal Crypto Yes
Features
| 🔎Broker | Exness |
| Company Information | |
| 📅Year Founded | 2008 |
| 🧑🏻💻Amount of staff | Over 2,100 |
| 👩💻Amount of active traders | Over 320,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🌎Country of regulation | Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | EUR/USD & USD/JPY |
| 💰Minimum Deposit | $10 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.3 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | +40 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:2000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 200 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| 💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +35725030959 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 15 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 64 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Tight spreads on major currency pairs | Limited range of trading instruments compared to some brokers |
| Multiple account types to suit different traders | Restricted availability of some features in certain regions |
| Fast and reliable order execution | Limited educational resources for beginners |
Our Findings
Founded in 2008, Exness is one of the largest brokers.
It has earned its reputation through its excellent commitment to strict regulation, superior trading platforms, the best trade conditions, and multiple account opening options that accommodate traders globally.
4. XM
XM is a trusted broker for beginners, and a low minimum deposit is required.
XM offers access to 1000+ trading instruments, Personal Account Managers, and trusted 24/7 live customer support.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
Features
| 🔎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 | [email protected] |
| 📞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 |
| Offers a low entry barrier | Charges inactivity fees |
| Supports MetaTrader 4 and MetaTrader 5 | Does not offer fixed spreads |
| Offers extensive educational content | Lacks some advanced trading tools |
Our Findings
XM is truly one of the biggest brokers globally.
It provides numerous financial instruments, favorable trading terms, and exceptional client services.
The company has a rigorous set of rules, and the platforms provided seem easy and safe for traders across the world.
5. Saxo Bank
Saxo Bank’s global success as one of the biggest brokers is rooted in its regulatory strength, financial stability, advanced technology, multi-asset offerings, and global reach.
Its ability to cater to both retail and institutional clients with high service standards makes it a leader in the brokerage industry.
Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎Broker | 🥇Saxo Bank |
| Company Information | |
| 📅Year Founded | 1992 |
| 🧑🏻💻Amount of staff | 2,500 |
| 👩💻Amount of active traders | 1,200,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA, Consob, Czech National Bank, Bank of the Netherlands, Monetary Authority of Singapore, FINMA, Bank of France, Central Bank of the UAE, FSA, Securities and Futures Commission of Hong Kong, ASIC |
| 🌎Country of regulation | Denmark, United Kingdom, Singapore, Netherlands, Hong Kong, Australia, UAE, France |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes, Saxo Bank offers negative balance protection. |
| 🔋Investor Protection Schemes | Yes, investor protection is available at Saxo |
| Account Types and Features | |
| ➕Accounts | Saxo Account Joint account Corporate account Professional account Portfolio ased Margin account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | Euro, the British pound or the Japanese yen. |
| 💰Minimum Deposit | $0 USD/ R 0 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1 to 2 business days |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | 0.10% |
| 💱Number of base currencies supported | 11 Different currencies |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Max 1:3000 |
| 📏Margin requirements | 4% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Ultemately -fast (average under 1 second) |
| 📆VPS Hosting | Not offered |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 8,800+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer , Debit Card |
| 💵Withdrawal Options | Bank Transfer |
| Trading Platforms and Tools | |
| 💻Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 👩💻OS Compatibility | Windows, Mac Web-based, Mobile (iOS & Android) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | No, Ticket support is available |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | tel:+44 (0)207 151 2100 |
| 👾Social media Platforms | Facebook, Twitter, YouTube |
| 🗣️Languages supported on Website | English, Polish, Russian, and more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, Saxo Bank provides a variety of educational resources including articles, videos, and glossaries. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly advertised |
| 📋IB Program | Not offered |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
| 🪙Rebate program | Yes, When you trade above the threshold on the eligible products, you will automatically earn cash rebates. |
| South African Trader Specific Information | |
| Does Saxo Bank Accept South African Traders? | Yes, Saxo Bank allows South African residents to open trading accounts. |
| Is Saxo Bank regulated by the South African regulatory body (FSCA)? | No, Saxo Bank itself is not directly regulated by the FSCA |
| Does Saxo Bank offer an Affiliate Program for South African Traders? | Yes, Saxo Bank's affiliate program is available globally, including South Africa. |
| Does Saxo Bank allow opening trading accounts in ZAR (South African Rand)? | No, they don't offer ZAR accounts directly |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platform | High bond, options, and futures fees |
| Outstanding research | High minimum deposit |
| Broad product portfolio | Lacks live chat and 24/7 availability |
Our Findings
Saxo Bank is a leading broker in the global financial market.
It is noteworthy for its extensive trading offer, strong compliance with the laws and rules for brokers, and a wide palette of offered financial instruments.
This provides professional service as a result of which traders prefer it to provide sophisticated tools and access to markets.
6. OANDA
OANDA offers access to tight spreads on major, minor, and exotic currency pairs with a $1 Minimum Deposit.
Furthermore, OANDA trading accounts offer many benefits, including institutional-grade execution and 24-hour customer support.
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎Broker | 🥇OANDA |
| Company Information | |
| 📅Year Founded | 1996 |
| Current CEO | Gavin Bambury |
| Founder/s | Dr. Michael Stumpp, OANDA Corporation founders |
| 🧑🏻💻Amount of staff | Approximately 1,000+ |
| 👩💻Amount of active traders | Over 1 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CFTC, NFA, FCA, IIROC, ASIC |
| 🌎Country of regulation | USA, UK, Canada, Australia |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| Two-step Authentication | Yes |
| Stop-loss Instrument | Yes |
| 🔋Investor Protection Schemes | Yes, through regulatory bodies |
| Account Types and Features | |
| ➕Accounts | Standard Elite Trader |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | Yes (including ZAR) |
| 💰Minimum Deposit | No minimum deposit requirement |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-5 business days |
| 🪙Fund Withdrawal Fee | None (may depend on the payment method) |
| 📊Spreads from | 0.0 pips (depending on account type) |
| 💸Commissions | Yes, applicable to certain account types |
| 💱Number of base currencies supported | 70+ |
| 🚀Swap Fees | Yes, applicable for overnight positions |
| 📈Leverage | Up to 1:50 (varies by region) |
| 📏Margin requirements | Varies depending on account type and instrument |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Fast execution (milliseconds) |
| 📆VPS Hosting | Yes, available for eligible accounts |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 100+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Watch list | Yes, customizable |
| Trade Alerts | Yes |
| Trading Indices with GP | No |
| Trading Stocks with GP | No |
| Swap on trading board | Yes, applicable for overnight positions |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank transfers, credit cards, e-wallets |
| 💵Withdrawal Options | Same as deposit methods |
| Welcome Bonus | No |
| Trading Platforms and Tools | |
| 💻Trading Platforms | OANDA Trade, MetaTrader 4 |
| Stop-loss Instrument | Yes |
| 👩💻OS Compatibility | Windows, Mac, iOS, Android |
| 🖥️Forex trading tools | Yes, including analytics and economic calendar |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | 1-800-499-3687 (USA) |
| 🗣️Languages supported on Website | Multiple languages (English, Spanish, French, etc.) |
| Educational Resources and Support | |
| Beginners Trader friendly UX | Yes |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes, periodic webinars |
| 📚Educational Resources | Yes, articles and tutorials |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Numerous global partners |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, various local events |
| 🪙Rebate program | No |
| Commission Fee | Yes |
| 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 | |
| Accept South African Traders? | Yes |
| Is InstaForex regulated by the South Africa regulatory body (FSCA)? | No, but complies with international standards |
| Does InstaForex offer an Affiliate Program for South African Traders? | Yes |
| Does InstaForex allow accounts to be opened in ZAR / Rands? | No |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌Cons |
| Accepts U.S. clients | No account protection for U.S. clients |
| Regulated by FCA and NFA | No guaranteed stop losses for U.S. or U.K. clients |
| Well-designed platforms | Traders cannot access cryptocurrencies or single-stock CFDs |
| Superior research offerings | A lot of ancillary fees |
Our Findings
OANDA is one of the world’s leading brokers, known for its robust regulatory framework, cutting-edge trading platforms, and transparent pricing.
With a global presence, OANDA offers traders competitive spreads, diverse assets, and exceptional customer support.
7. Pepperstone
Pepperstone is a Leading MT4 / MT5 Forex Broker with NAS100.
Pepperstone offers access to 1200+ CFDs to trade, fast execution, and “razor” sharp spreads.
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
Features
| 🔎Broker | Pepperstone |
| Company Information | |
| 📅Year Founded | 2010 |
| Current CEO | Chris Perry |
| Founder/s | Chris Perry, Nick Madden |
| 🧑🏻💻Amount of staff | 300+ |
| 👩💻Amount of active traders | 150,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, FCA, DFSA, IIROC, MAS |
| 🌎Country of regulation | Australia, United Kingdom, Dubai, Canada, Singapore |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| Two-step Authentication | Yes |
| Stop-loss Instrument | Yes |
| 🔋Investor Protection Schemes | Yes (varies by jurisdiction) |
| Account Types and Features | |
| ➕Accounts | Standard, Razor, Swap-Free |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | Yes (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) |
| 💰Minimum Deposit | $200 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Same-day |
| 🪙Fund Withdrawal Fee | No fee |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Varies by account type |
| 💱Number of base currencies supported | 8 |
| 🚀Swap Fees | Varies by instrument |
| 📈Leverage | Up to 500:1 |
| 📏Margin requirements | Vary by instrument |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Fast execution |
| 📆VPS Hosting | Available |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 1,200+ |
| 🗠CFD Stock Indices | 30+ |
| ⚖️CFD Commodities | 40+ |
| 📜CFD Shares | 7,000+ |
| 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 | Credit/debit cards, bank transfers, PayPal, Skrill, Neteller, UnionPay |
| 💵Withdrawal Options | Credit/debit cards, bank transfers, PayPal, Skrill, Neteller, UnionPay |
| Welcome Bonus | No |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5 |
| 👩💻OS Compatibility | Windows, Mac, Android, iOS |
| 🖥️Forex trading tools | Economic calendar, charting tools, news feed, sentiment analysis |
| Customer Support | |
| 🗣️Live chat availability | 24/5 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +61 3 9039 6300 |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🗣️Languages supported on Website | English, Chinese, French, German, Italian, Japanese, Portuguese, Spanish |
| Educational Resources and Support | |
| Beginners Trader friendly UX | Yes |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, guides, videos |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 10,000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes (e.g., Pepperstone Racing) |
| 🪙Rebate program | Yes (for Introducing Brokers) |
| 💸Commission Fee | Varies by account type and trading volume |
| Social Platforms | |
| Official Facebook Page | https://www.facebook.com/Pepperstonefx/ |
| Official Twitter Page | https://twitter.com/pepperstonefx?lang=en |
| Official Youtube Channel | https://www.youtube.com/channel/UCrNLfyB-wvPotj4RHR_dcSA |
| Official Linkedin Page | https://au.linkedin.com/company/pepperstone |
| Official Instagram Page | https://www.instagram.com/pepperstonefx/ |
| Official Website address | https://pepperstone.com/en-au/ |
| South African Trader Specific Information | |
| Does Pepperstone Accept South African Traders? | Yes |
| Is Pepperstone regulated by the South African regulatory body (FSCA)? | No |
| Does Pepperstone offer an Affiliate Program for South African Traders? | Yes |
| Does Pepperstone allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive pricing with tight spreads | Not as extensive in research and analysis tools |
| Quick trade execution | Relies on third-party platforms |
| Supports a variety of platforms | Lacks promotional offers |
Our Findings
Another distinguished brokerage arm is Pepperstone, which presents to the market as one of the largest, most reliable brokers today with the best spread, powerful trading platforms, and impressive
customer relations. With strong regulation and higher-level trading tools, it is a safe harbor for both novices and experts.
8. eToro
eToro’s success stems from its innovative approach to social trading, user-friendly platform, wide range of assets, and strong global marketing.
Its ability to cater to both beginner and experienced traders while constantly innovating has made it one of the world’s largest and most respected brokers.
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.
Features
| 🔎Broker | eToro |
| Company Information | |
| 📅Year Founded | 2007 |
| 🧑🏻💻Amount of staff | Over 1,200 |
| 👩💻Amount of active traders | Over 30 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia) |
| 🌎Country of regulation | UK, Cyprus, Australia |
| 💻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 | USD |
| 💰Minimum Deposit | $50 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-5 business days |
| 🪙Fund Withdrawal Fee | $5 per withdrawal |
| 📊Spreads from | 1 pip on major currency pairs |
| 💸Commissions | No direct commissions on trades |
| 💱Number of base currencies supported | 1 (USD) |
| 🚀Swap Fees | Yes |
| 📈Leverage | Up to 30:1 (Retail clients), higher for professional clients |
| 📏Margin requirements | Variable based on asset and leverage |
| ☪️Islamic account (swap-free) | Yes, |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Average of 1 second |
| 📆VPS Hosting | No |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 2,000 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| Trading Platforms and Tools | |
| 💻Trading Platforms | eToro WebTrader, eToro Mobile App |
| 👩💻OS Compatibility | Web-based (All major browsers), iOS, Android |
| 🖥️Forex trading tools | CopyTrader, Social Trading, Market Analysis Tools |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | Not directly provided, contact via support portal |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, Instagram, YouTube |
| 🗣️Languages supported on Website | English, French, German, Spanish, Italian, Chinese, Arabic, more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | eToro Academy, Blog, Guides, Tutorials |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly disclosed |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsored various sports teams and events |
| 🪙Rebate program | No |
| 👉Open Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Free stock trading | High forex fees |
| Easy Sign-Up | Slow Withdrawal |
| Social Trading | Single base currency |
| Low CFD Fees | $5 USD Withdrawal Fee |
Our Findings
eToro is among the largest global brokers offering social trading, excellent regulation, and multiple financial instruments.
A fully functional platform with a relatively simple design can be a plus in the eyes of novice and professional traders.
9. Tickmill
Tickmill’s combination of strong regulation, competitive trading conditions, fast execution, robust trading platforms, and global presence make it one of the biggest and most well-regarded brokers in the world.
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔎Broker | 🥇Tickmill |
| Company Information | |
| 📅Year Founded | 2014 |
| 👨Current CEO | Duncan Anderson |
| 🧑🤝🧑Founder/s | Not publicly available |
| 🧑🏻💻Amount of staff | 441 |
| 👩💻Amount of active traders | Over 400 000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, FCA, CySEC, FSCA |
| 🌎Country of regulation | Seychelles, UK, Cyprus, South Africa |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| ⛗Two-step Authentication | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Plus account and Raw account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, ZAR |
| 💰Minimum Deposit | USD 100 / 1812 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Varies by account type, often commission-free, $2 per side per lot (Pro Account) |
| 💱Number of base currencies supported | 4 (EUR, USD, GBP, PLN) |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes, for an additional fee |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 725 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| 👁️🗨 Watchlist | Yes |
| 🔔 Trade Alerts | Yes |
| 💼 Trading Stocks with GP | Yes |
| 📉 Trading Indices with GP | Yes |
| 💹 Swap on Trading Board | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| 💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | [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 |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Advanced trading platforms such as MetaTrader 4 and 5 are available to South Africans | Tickmill provides a limited set of research tools and market analysis |
| South Africans can take part in frequent promotions and competitions, including a $30 no-deposit bonus | South Africans may find educational options that are less targeted to local market needs |
| Tickmill provides risk management solutions to help traders manage their trading risks effectively | Promotional offers and bonuses may be less appealing to South Africans compared to some local competitors |
Our Findings
Tickmill offers low trading costs for its clients, a wide range of instruments, attractive spreads, and highly respected regulations.
The reliability of its trading platforms, coupled with its superior customer relations, make it a favorite for traders who expect the finest trading environment.
10. FP Markets
FP Markets is a Top Broker with Low Spreads.
FP Markets allow clients to trade CFDs across Forex, Shares, Indices, Commodities & Cryptocurrencies.
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
Features
| 🔎Broker | FP Markets |
| Company Information | |
| 📅Year Founded | 2005 |
| 🧑🏻💻Amount of staff | 274 |
| 👩💻Amount of active traders | Over 200,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🌎Country of regulation | Australia, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw ECN, and VIP accounts available |
| 💳Institutional Accounts | Yes, tailored solutions for institutional clients |
| 👨💼Managed Accounts | Yes, offered through third-party managed account services |
| 📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
| 🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
| 📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
| 💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
| 💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
| 🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
| 📈Leverage | Up to 1:500 depending on the account type and instrument |
| 📏Margin requirements | typically 0.2% - 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
| 🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
| ⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
| 📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
| 💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
| 👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes, available 24/7 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 100,000 affiliates |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does FP Markets Accept South African Traders? | Yes |
| Is FP Markets regulated by the South African regulatory body (FSCA)? | Yes |
| Does FP Markets offer an Affiliate Program for South African Traders? | Yes |
| Does FP Markets allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great Educational tools | Limited portfolio |
| Great Customer Service | Web Platform needs to be updated a bit |
| Large Product offering | High fee for international bank withdrawal |
Our Findings
Currently, FP Markets is among the largest companies in the industry specializing in forex, CFDs, and gold and silver trading by providing high protection measures and favorable terms of
cooperation. _Supported by cutting-edge technology and considered to have very good customer care it is a popular platform for trading for both the rookie and experienced trader from all over the world.
Conclusion
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Frequently Asked Questions
Who is the Best Forex Broker for Beginners in South Africa?
The best brokers for beginner traders in South Africa include AvaTrade, FXCM, and FP Markets.
How do you choose the Best Broker for you?
The most important factor to consider when choosing a broker is Regulation. Secondly, use the brokers’ Demo Accounts to practice trading on their platform.
Who is the Best Forex Broker and top Forex Trader in South Africa?
The Best Forex Broker in South Africa is AvaTrade, and Ref Wayne takes the Top trader spot. Ref Wayne is a self-made millionaire, author, speaker, and philanthropist.
Who is the Largest Forex Broker in the World?
IC Markets is the largest forex broker in the world by volume.
Who is the Best Broker with a ZAR Account?
The best brokers with ZAR accounts include HFM, Exness, and XM.
Who is the Best Broker with Low Spreads?
The Best Brokers with Low Spreads include Pepperstone, FP Markets, and AvaTrade.
Who is the Best Broker with a No-Deposit Bonus Offer?
The Best Brokers with No-Deposit Bonus offers include Admirals, RoboForex, and SuperForex.
Who is the Best Broker with MT4/MT5?
The Best MT4/MT5 Brokers include IC Markets, FP Markets, and Pepperstone.
Who is the best broker that allows scaling?
The Best Brokers for scalping include FBS, FXPro, and Swissquote.
Who is the Best Broker with high leverage?
The best high-leverage brokers include eToro, XTB, and Vantage.
Who are the Top 3 Market Leading Forex Brokers by Volume?
The three largest brokers in the world by volume are IC Markets, Forex.com, and XM. Other additions to the Top 10 list are Saxo Bank, HF Markets, Oanda, AvaTrade, IG Markets, Pepperstone, and FXPro.
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