6 Best Forex Trading Brokers in South Africa 2026

Such platforms are usually focused on the needs of different levels of traders and are easy to navigate and use. I assessed the pricing mechanism of PrimeXBT’s universal trading account, which features commission-free trading (except for cryptocurrencies) and floating spreads from 0.9 pips. Live testing revealed that the broker’s fees vary across instruments from different asset classes. The broker provides 7 types of accounts, including floating and fixed-spread accounts, as well as a commissions-based Live Zero Fixed Spread account. Traders will also benefit from multiple deposit and withdrawal options.

Why we chose Tradeview

The broker offers a rich collection of highly informative webinars and podcasts on its YouTube channel, as well as a very detailed glossary, which explains various financial terms. Founded in 2005, FP Markets offers trading in forex, commodities, stocks, ETFs, indices, and cryptocurrencies. FP Markets is regulated by CySEC, ASIC, and FSCA, and also has an unregulated entity registered in St. Vincent & the Grenadines. The broker offers the popular MetaTrader 4 and MetaTrader 5 platforms, cTrader, and iRESS (for the ASIC-regulated entity). Listed on the London Stock Exchange, Pluss500 is a UK-based online forex and stock trading company with their own proprietary Forex trading platform. To suit the needs of aggressive traders, Plus500 developed its own customized trading platform.

Any new trader entering the FOREX market is heading into a space that is much more vibrant, competitive, and safe than at any time in our history. Like any such enterprise, you need to make sure you are safe from pitfalls. That’s why we will always reiterate our key message which is that any of the top online FOREX brokers you pick must be legally licensed and well-regulated. Professional or institutional clients might have access to diverse levels of leverage, depending on the regulatory environment and the broker’s policies. As we can see, responsible regulators closely monitor leverage levels. A swap/rollover fee is charged when you hold a leveraged position overnight.

Best Brokers for Forex Trading

Additionally, the specific percentage and the order in which positions are closed can vary among brokers, so you need to be aware of your broker’s policy on stop-out levels. Imagine you have a trading account with a balance of ZAR10,000, and you’ve opened several positions in the market. Your broker has a 0% Stop-Out Level policy, which means is iqcent legit that if your margin level drops to 0%, they will automatically close all your open positions to prevent further losses. Not all brokers are regulated by tier-one regulators, but you can still rest easy if your broker works with the regulator in your area. To verify if your broker is registered with a regulator, navigate to the regulator’s official website. We selected this broker for its fast and flexible funding options, including bank transfers and card payments.

Top 10 Best Forex Trading Platforms For Beginners In South Africa

The firm provides access to diverse trading products, including FOREX, commodities, futures, and indices. ICM offers a secure and efficient trading environment by combining advanced technology with deep liquidity. The company prides itself on delivering high liquidity, tight spreads, mobile trading, and advanced technical analysis.

Our tests showed that FP Markets offers low-to-medium spreads compared to the industry average. For example, we measured EUR/USD spreads in the 1.0–1.2 range during our tests. If you prefer to do business in a language other than English, you might want to choose a broker with a website that translates into your preferred language.

Most importantly, brokers must be authorized by the Financial Sector Conduct Authority (FSCA) in South Africa. Being authorized by the FSCA is a sign of legitimacy and is beneficial for forex traders. As such, using protective measures, like stop-loss orders and not over-leveraging, is always a good idea.

Best FOREX Brokers in South Africa for 2026

In this decentralized market, currencies are bought and sold electronically over the counter (OTC). The FOREX market operates 24 hours a day, five days a week, excluding international holidays. This article will help you understand the implications of round-the-clock trading for market participants. Explore the pivotal role of the best FOREX brokers in South Africa and learn how they facilitate clients’ participation through trading platforms. Founded in 2006, AvaTrade provides access to more than 1250 instruments in forex, stocks, indices, commodities, cryptocurrencies, and FX options.

• The web-based Marketsx platform can be accessed from anywhere with an internet connection.
• With the upsurge of popularity in Forex trading in South Africa a great number of Forex brokers have entered the market, offering a variety of trading features and platforms.
• They accommodate basic technical analysis and offer easy order execution.
• As part of our evaluation process, the Arincen team gathered and cross-checked broker pricing from official documentation and live trading environments.
• This is the most aggressive stop-out level, and it gives no room for your positions to recover, even if the market turns in your favor immediately after reaching this level.
• The stop-out level is typically expressed as a percentage, representing the margin level at which the broker starts to close out open trades.

Best Forex Trading Platforms in South Africa

The MetaTrader platform provides advanced charting, trading signals, and access to Expert Advisors – software programs designed to automate trading strategies on the MetaTrader platform. We shortlisted brokers that accept South African residents and operate under FSCA regulation, giving traders a clear layer of protection. We favored brokers that provide local customer support and offer bonuses or regional perks for South African traders. Plus500’s financial offerings encompass more than 2,000 Forex and CFD instruments. As such, access to a wide range of marketplaces and assets can give SA traders more trading options to earn money.

Our tests indicated that AvaTrade’s trading fees for Forex and commodities were better than the industry average. Novice traders can benefit from ATFX’s reliable customer support and extensive collection of educational materials. The broker absolutely shines in the education category with a dozen published e-books and hundreds of written articles. Beginners can learn about trading essentials, such as technical analysis, fundamental analysis, trading psychology, and risk management. Finding the right forex broker in South Africa means balancing strong regulation, local access, and fair trading conditions.

Platforms

FxPro is a broker that excels in many areas, but its order execution performance is especially impressive. The company was established in 1999 and has its headquarters in London. FxPro clients can choose from more than 2100 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and ETFs. Keep in mind that the type of trading software a broker supports is vitally important as well.

FOREX Trading Customer Service

Some traders would find the domestic regulation more comfortable to work with. I assessed Vantage’s spreads on a Raw ECN account, which features spreads from 0.0 pips and a $6 round-turn commission per traded lot. This account type has an extremely low minimum deposit requirement of $50, making it quite accessible. For enhanced performance, I recommend FxPro’s Raw account type, which features a $7 round-turn commission per traded lot and raw spreads from 0.0 pips. The account type is available against a low initial deposit of only $100. Live testing revealed that FxPro’s fees sit in the upper range across the board.

What leverage is available for traders in South Africa?

For you, the user, this means more variety of choices, but this also means more complexity.At Arincen, we are always striving to simplify the world of trading for you, our readers. For this reason, we will be listing the best FOREX brokers in South Africa today. This ranking is the result of a detailed review process carried out by our experts at Arincen. We will share our review methodology so you can understand why we chose the companies we did. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. We consider spreads below 1 pip for EUR/USD and 3 pips for GBP/JPY to be low.

Why Do Forex Traders in South Africa Prefer Newton Global?

Fixed spreads don’t react to the market, giving traders a consistent spread cost. On the other hand, variable spreads can offer lower costs during normal market conditions but can widen and become more expensive during volatile times. There is a high degree of risk involved in trading securities like FOREX, or CFDs, which are highly complex instruments.