Whether you are in Cape Town atop Table Mountain or roaming through wine country or the Kruger National Park, South Africa is a “jewel” that most travelers fail to visit due to the long distance flight times required. Make no mistake about it, however, this country is connected to global commerce in a big way, and retail forex trading is just as popular here as anywhere else. The nation benefits from the infrastructure long established during years gone by and offers greater protection against forex fraud than what is available in most other parts of this region.

That is not to say that retail forex trading is a part of the mainstream in the country, at least not yet. 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. There are many well-established forex brokers, including many of the major banks in the country, with longstanding ties to Europe and the London trading establishment.


Related Articles



Broker Features Regulator Platforms Next Step
Number One Broker Forex.com logo74% of clients lose money. Capital at risk. Founded: 1999

- Trusted Global Market Leader
- Online FX & CFD Trading
- 180+  Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin
- Available to US traders

CFTC, CIMA, FCA, FSA, IIRO, NFA FOREXTrader & MT4 for PC, MAC, iPhone, iPad and Android, WebTrader
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
Your capital is...
  • Choose from four high-quality platforms.
  • Good trading conditions with fast execution speeds
  • Excellent research and analysis
  • Strong client protection
  • Winner of Most Popular Broker award for three consecutive years.
  • Fees and commissions are inline rather than market-leading.
  • Satisfactory rather than impressive range of instruments.
ASIC, CFTC, FCA, IIROC, JFSA, MAS fxTrade, MT4
eToro LogoYour capital is at risk Founded: 2019

- Trade 15 cryptocurrencies
- Beginner friendly

- eToro

    Read our reviews of more forex brokers that did not make our top list above:

    NetoTrade – Read review Orbex – Read review
    iForex – Read review Trade24 – Read review
    xTrade – Read review Trade360 – Read review
    24Option – Read review UFX – Read review
    IG Group – Read review HarborX – Read review
    MexGroup – Read review Oanda – Read review
    Tradeo – Read review London Capital Group – Read review
    IC Markets – Read review CFD Global – Read review
    ATFX – Read review TradeFred – Read review
    IQ Option – Read review Libertex – Read review
    Swiss Markets – Read review iTrader – Read review
    FX Globe – Read review Formax – Read review
    Think Markets – Read review Z.com Trade – Read review
    Orbex – Read review NSFX – Read review
    USGFX – Read review STO – Read review
    Trio Markets – Read review HYCM – Read review
    eToro – Read review FXGiants – Read review
    BD Swiss – Read review ETX Capital – Read review
    Trade.com – Read review easyMarkets – Read review
    Finq – Read review XTB – Read review
    everFX – Read review