Forex Broker South Africa

The Financial Services Board of South Africa is responsible for the oversight and regulation of all non-bank financial intermediaries in the African nation. The FSB, which has the power to impose unlimited fines and penalties on infringing parties, operates a customer complaints service where aggrieved investors can alert authorities to unethical, or potentially illegal activities of financial service companies. While still at a very early stage, the finance sector of South Africa is one of the most liberalized and advanced ones on the continent, and has the greatest potential for retail forex brokers. The office of the FSB is in Pretoria.

As a forex trader based in South Africa, your best chance is to find a Western firm that is licensed and regulated by the FSB. The country benefits from the infrastructure established during white rule, and offers greater protection against forex fraud than what is available in its region. That is not to say that retail forex trading is a part of the mainstream in the country, at least not yet.

If you would like to become a forex trader but don`t know where to begin or which broker to open an account with, we are here to facilitate your entry in the exciting world of forex trading by providing our own selection of the best forex brokers. Regulated and authorized, these firms are some of the most reliable in the forex business, and while the final choice is yours alone, you`ll lose nothing by taking a look at our choice picks of the forex world.

1		Regulator: CySEC Leverage: 200:1 Min. Deposit: $100 Spread: 1.5 pips*	$2,000 Max. First Deposit Bonus	Sign up Read Review
2		Regulator: ASIC/ FSA Leverage: 500:1 Min. Deposit: $100 Spread: ECN 1.5 pips	$2,500 Max. First Deposit Bonus	Sign up Read Review
3		Regulator: CySEC Leverage: 200:1 Min. Deposit: $100 Spread: 3 pips	$2,000 Max. First Deposit Bonus	Sign up Read Review
4		Regulator: CySEC Leverage: 500:1 Min. Deposit: $1 Spread: 1.9 pips	$2,000 Max First Time Deposit Bonus	Sign up Read Review
5		Regulator: MIFID & ASIC Leverage: 400:1 Min. Deposit: $100 Spread: Fixed Spread- 3 pips	High Bonuses FREE Webinars & Signals	Sign up Read Review
6		Regulator: CySEC Leverage: up to 1:500 Min. Deposit: $200 Spread: < 1 pip on some majors	$200 Min. Deposit	Sign up Read Review
7		Regulator: IFSC Leverage: 400:1 Min. Deposit: $2000 Spread: 1 pip	10% welcome bonus	Sign up Read Review
8	Accepts US Clients	Regulator: NFA Leverage: 50:1 Min. Deposit: $250 Spread: 1 pip*	Free Live Sessions with Expert	Sign up Read Review

- LEVERAGE: Controls the equity you need to take a margin position. E.g. 50:1 leverage means you can take a $5,000 trade with just $100 in your account. Note that a high degree of leverage can work against you as well as for you.
- Leverage over 50:1 for majors and 20:1 for minors is not available to traders in the U.S.
- As indicated in the list, only NFA regulated brokers are available to U.S. customers.
* Broker offers variable spreads which means that the spreads are subject to current market conditions.