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.

Broker Features Regulator Platforms Next Step
Number One Broker ForexTime Logo Founded: 2011

- Over 400k Account Registered
- More than 250 Trading Instruments
- MT4, MT5 and Web Trader Platforms
- Full ECN Trading Model


CySEC, FSB, IFSC MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
AvaTrade Logo Founded: 2006

- Active 10+ years
- 40% New Member Bonus
- Very well regulated


ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
FxPro Logo Founded: 2006

- Support in 18 languages
- Negative balance protection
- 24/5 Support


CySEC, FCA, FSB MetaTrader4, MetaTrader5, cTrader, FxPro SuperTrader
Markets.com logo Founded: 2008

- $25 no deposit offer(t&c apply)
- Beginner friendly
- Leverage 1:300


CySEC, FSB Markets.com Platform
IronFX Logo Founded: 2010

- 1 Million GBP Insurance by Lloyds of London

- ECN Real Raw Spreads, 0.2 EUR/USD
- Scalping allowed


ASIC, CySEC, FCA, FSB Metatrader, Webtrader
CM Trading Logo Founded: 2011

- Automated mirroring service
- One on one training
- 24x5 customer support


FSB MT4 & Sirix
eToro Logo Founded: 2007

- Social Trading Platform
- 24/5 Customer Support
- Beginner Friendly


CySEC, FCA eToro OpenBook, eToro WebTrader, eToro Mobile Trader
City Index Logo Founded: 1983

- Well established
- Beginner friendly
- Free Webinars


ASIC, FCA, MAS Advantage Web, AT Pro, MT4
easyMarkets logo Founded: 2001

- 50% FTD Bonus! (non EU Traders only)
- Active since 2001
- 300+ markets can be traded


ASIC, CySEC MT4, Web platform & Easy-forex on mobile
Plus500 Logo Founded: 2008

Multi Asset Trading Platform
No Time Frame for Demo Accounts
Very well regulated


ASIC, CySEC, FCA Plus500
HotForex Logo Founded: 2008

100% FTD Bonus
Social Trading Features
Available in 25 languages


CySEC, FSA MT4
OctaFX Logo Founded: 2011

- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone
- Scalping, hedging, trading on the news, and EAs are permitted.


FCA MT4 and cTrader
XM Logo Founded: 2010

- $30 + Deposit Bonus up to $5,000 (t&c apply)
- Very well regulated
- 24 hour support


CySEC, FCA MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader
FXPrimus Logo Founded: 1999

- 24/5 Customer support
- Well established
- Well regulated


CySEC MT4
Oanda Logo Founded: 1996

- No Minimum Deposit
- Very well established
- 24/5 Customer Support


ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA fxTrade, MT4
FXGlobe Logo Founded: 2013

- No dealing desk executions
- Account management for traders on varying experience levels


CySEC, MiFID MT4, FXGlobe Web Trader

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