Forex brokers in South Africa
Which brokers hold a local licence in South Africa, which international brokers accept residents, and what to check first.
South Africa has a local licensing regime for forex and CFD brokers. Firms that give advice or intermediary services need a Financial Services Provider (FSP) licence from the Financial Sector Conduct Authority, and several international brands have set up a South African entity.
What to check first
Look up the FSP number on the FSCA’s register and confirm it belongs to the company named in your client agreement. Some brands hold an FSP licence but still open client accounts with an offshore affiliate, so read which entity you are contracting with. The FSCA does not cap retail leverage, which means position sizing is your own responsibility.
Local regulator: FSCA
Brokers licensed in South Africa
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| 1 Plus500 Since 2008 · LSE: PLUS | 91/99 | ASIC #417727, FMA #486026, FSCA #47546 Plus500AU Pty Ltd | $100 | Own platform | Review Visit Plus500Official site · we earn no commission here |
| 2 AvaTrade Since 2006 | 68/99 | FSCA #45984 Ava Capital Markets Pty Ltd | $100 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit AvaTradeOfficial site · we earn no commission here |
| 3 Admirals Since 2001 | 66/99 | FSCA #51311 Admirals SA (Pty) Ltd | $100 | MetaTrader 4, MetaTrader 5 | Review Visit AdmiralsOfficial site · we earn no commission here |
| 4 ThinkMarkets Since 2010 | 66/99 | FSCA #49835 TF Global Markets (South Africa) (Pty) Ltd | $0 | MetaTrader 4, MetaTrader 5, TradingView, Own platform | Review Visit ThinkMarketsOfficial site · we earn no commission here |
| 5 Vantage Since 2009 | 64/99 | FSCA #51268 Vantage Markets (Pty) Ltd | $50 | MetaTrader 4, MetaTrader 5, TradingView, Own platform | Review Visit VantageOfficial site · we earn no commission here |
| 6 Exness Since 2008 | 60/99 | FSCA #51024 Exness ZA (PTY) Ltd | $10 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit ExnessOfficial site · we earn no commission here |
| 7 HFM Since 2010 | 60/99 | FSCA #46632 HF Markets SA (PTY) Ltd | $0 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit HFMOfficial site · we earn no commission here |
| 8 FP Markets Since 2005 | 58/99 | FSCA #50926 FP Markets (Pty) Ltd | $100 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Review Visit FP MarketsOfficial site · we earn no commission here |
| 9 FxPro Since 2006 | 58/99 | CySEC #078/07, FSCA #45052 FxPro Financial Services Ltd | $100 | MetaTrader 4, MetaTrader 5, cTrader, Own platform | Review Visit FxProOfficial site · we earn no commission here |
| 10 Tickmill Since 2014 | 56/99 | FSCA #49464 Tickmill South Africa (Pty) Ltd | $100 | MetaTrader 4, MetaTrader 5, TradingView | Review Visit TickmillOfficial site · we earn no commission here |
| 11 Octa Since 2011 | 50/99 | FSCA #51913 Orinoco Capital (Pty) Ltd | $25 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit OctaOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
International brokers that accept clients from South Africa
These brokers serve this country through an entity licensed elsewhere. Local protections may not apply.
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| 1 Interactive Brokers Since 1978 · NASDAQ: IBKR | 91/99 | CFTC/NFA #0258600 Interactive Brokers LLC | $0 | Own platform, TradingView | Review Visit Interactive BrokersOfficial site · we earn no commission here |
| 2 Swissquote Since 1996 · SIX: SQN | 89/99 | FINMA Swissquote Bank Ltd | $1,000 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit SwissquoteOfficial site · we earn no commission here |
| 3 Saxo Since 1992 | 76/99 | Danish FSA #1149 Saxo Bank A/S | $0 | Own platform, TradingView | Review Visit SaxoOfficial site · we earn no commission here |
| 4 FOREX.com Since 2001 · NASDAQ: SNEX (parent) | 62/99 | CIMA #25033 GAIN Global Markets Inc. | $100 | Own platform, MetaTrader 4, MetaTrader 5, TradingView | Review Visit FOREX.comOfficial site · we earn no commission here |
| 5 IG Since 1974 · LSE: IGG | 60/99 | BMA IG International Limited | — | Own platform, MetaTrader 4, TradingView | Review Visit IGOfficial site · we earn no commission here |
| 6 eToro Since 2007 · NASDAQ: ETOR | 56/99 | FSA Seychelles #SD076 eToro (Seychelles) Ltd | $50 | Own platform | Review Visit eToroOfficial site · we earn no commission here |
| 7 OANDA Since 1996 | 54/99 | BVI FSC OANDA Global Markets Ltd | $0 | Own platform, MetaTrader 4, MetaTrader 5, TradingView | Review Visit OANDAOfficial site · we earn no commission here |
| 8 Pepperstone Since 2010 | 54/99 | SCB #SIA-F217 Pepperstone Markets Limited | $0 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Review Visit PepperstoneOfficial site · we earn no commission here |
| 9 XTB Since 2002 · WSE: XTB | 50/99 | FSC Belize XTB International Limited | $0 | Own platform | Review Visit XTBOfficial site · we earn no commission here |
| 10 Eightcap Since 2009 | 46/99 | SCB #SIA-F220 Eightcap Global Ltd | $100 | MetaTrader 4, MetaTrader 5, TradingView | Review Visit EightcapOfficial site · we earn no commission here |
| 11 Capital.com Since 2016 | 44/99 | SCB #SIA-F245 Capital Com Online Investments Ltd | $20 | Own platform, MetaTrader 4, TradingView | Review Visit Capital.comOfficial site · we earn no commission here |
| 12 XM Since 2009 | 40/99 | FSC Belize XM Global Limited | $5 | MetaTrader 4, MetaTrader 5 | Review Visit XMOfficial site · we earn no commission here |
| 13 FBS Since 2009 | 38/99 | FSC Belize FBS Markets Inc. | $5 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit FBSOfficial site · we earn no commission here |
| 14 FXTM Since 2011 | 38/99 | FSC Mauritius #C113012295 Exinity Limited | $200 | MetaTrader 4, MetaTrader 5 | Review Visit FXTMOfficial site · we earn no commission here |
| 15 IC Markets Since 2007 | 38/99 | FSA Seychelles #SD018 Raw Trading Ltd | $200 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Review Visit IC MarketsOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.