Trading forex currencies in South Africa is popular among residents. For a historical breakdown, here's a link to the Financial Services Board webpage on Wikipedia. To find the best forex brokers in South Africa, we created a list of all brokers that list South Africa as a country they accept new customers from. We then ranked brokers by their Overall ranking. Compare South Africa authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below.
This broker list is sorted by the firm's ForexBrokers. To identify if a forex broker is authorised by the FSCA, the first step is to identify the FSP registration number from the disclosure text at the bottom of the broker's homepage. South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance.
Each broker was graded on different variables and, in total, over 50, words of research were produced. Less Information. Special Features. Read Review.
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More Info. Forex Trading in South-Africa. Latest Expert Reviews Summary:. Thank you". Read the Full Review. Tight spreads Multiple trading platforms on desktop, browser and mobile Large selection of trading instruments Regulated in many jurisdictions including FSB South Africa.
The opening process is different from UK but still straightforward. Trading conditions are great and I withdrew money back to my card that funded the account also with no problems". Offers Metatrader 4,5 and virtual private servers Segregated accounts Up to leverage.
We suggest keeping the following checklist in mind when making your decision: Is the Forex Broker regulated? Not all of them are licensed, and not all of them are experienced, but it is still possible to find the SA Forex brokers who operate in an honest and legitimate manner. For example, one of the most important things that the best Forex broker in South African should have, besides a valid license, is an impeccable reputation. In other words, if no one is complaining about the companies — the chances are that South Africa FX Brokers in question are providing a good service.
Of course, not all traders are the same, and we all have our particular tastes and personal preferences, so this category is highly subjective, and sometimes we cannot fully rely on this factor. On the other hand, some other elements constitute a good broker, and these features are a bit more concrete, which allows us to judge them objectively.
For instance, some of the characteristics include execution speed, the quality of the trading platform , banking methods, and so on.
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When we start the search for the best South Africa Forex broker, we have to check all of these features, and this course of action will allow us to find the perfect trading company for our needs easily. Even though South Africa is still mostly recognized for its mining industry and tourism, i. Forex trading brokers in South African are becoming increasingly popular in this part of the world, and best brokers in South Africa are continuously improving the quality of their services so that they can compete with the rest of the world.
10 Best Forex Brokers in South Africa -
As we all know, foreign exchange is the largest financial market on the globe, and broker companies from South Africa are keeping up with the trends and modern standards in the business. Be the first one to find out about available Forex trading bonuses that can be trusted. XM Group. Maximum leverage Year founded Open Account Read Review.
Account Types
Minimum deposit No limit. Regulation FSA. Trading platform MT5. Trading platform MT4, MT5. Read Review. IQ Option.
Regulation CySEC. Trading platform WebTrader.
Minimum deposit 1 USD. Maximum leverage 1:Unlimited. Regulation IFSC.
Trading platform MT4, WebTrader. Trading platform MT4. CM Trading. Regulation FSCA. Blackstone Futures.