7 Best Forex Brokers in South Africa

Rated and reviewed for 2021.

XM.com

XM.com was founded in 2009 and has its head office in Cyprus. It is regulated under the IFSC International Financial Services Commission of Belize, CySEC, and the Australian Securities and Investments Commission (ASIC). The broker accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries but no traders from the United States, Canada, Israel or Iran. XM.com offers several secure payment methods, full feature trading platforms and 24/5 personal customer service. XM.com offers the MT4 and MT5 platforms, which includes the XM WebTrader. Clients can trade more than 1000 instruments. Open a Trading Account

Exness

Exness was founded in 2008 and is registered and authorised in Seychelles by the Financial Services Authority (FSA), in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. The broker offers MT4 and MT5 and a WebTerminal as trading platforms, with more than 130 currency pairs, metals, cryptocurrencies, energies and Indices as trading instruments.

Avatrade

AvaTrade was founded in 2006 and is headquartered in Ireland. It is properly regulated by many authorities, including the South African Financial Sector Conduct Authority. Avatrade has a limited choice of account types, but accounts offer a market-maker/dealing desk execution type. Avatrade provides the MetaTrader 4, MetaTrader 5 and a proprietary and Web-based platform, to be used with a maximum leverage of 1:400 for trading Forex, CFDs, Commodities, Metals, Oil, Gold and Indices.

CM Trading

CM TRADING is based in Johannesburg, South Africa, and is locally regulated. CM TRADING provides state of the art trading platforms and guarantees utmost liquidity for traders’ safe investment and trading. The broker offers both MetaTrader 4 and Sirix WebTrader platforms and a maximum leverage of 200:1 can be used. CM TRADING offers competitive spreads and is a good choice for new traders due to their educational material and the CopyKat copy-trading system. You might like: The top 27 Forex Brokers in South Africa

JustForex

JustForex is based in Kingstown, Saint Vincent and Grenadines and was founded in 2012 and is registered by the Financial Services Authority in the jurisdiction. It offers several trading options on the МetaTrader 4 platform, a choice of accounts and conditions, suitable for traders with experience too. JustForex provides exceptional analytical materials free of charge, lots of financial instruments, tight spreads, no limits on trading strategies and a range of beneficial partner programmes. Clients of JustForex will be able to access a certain number of assets depending on the account they have chosen, but in total JustForex offers more than 140 instruments.

Tickmill

Tickmill brokerage as a member of the Tickmill Group, is regulated by the Seychelles Financial Services Authority (FSA) as well as the Financial Conduct Authority (FCA) in the UK. Tickmill offers three different live accounts and a demo account. Trading conditions depend on account types and the initial deposit required. Tickmill provides a proprietary WebTrader and MetaTrader 4 and traders have access to forex currency pairs, stock indices and oil, precious metals, and bonds to trade.

Hotforex

HOTFOREX is a Cypriot forex broker founded in 2010 with headquarters in Larnaca. It is an award-winning forex and commodities broker offering trade in more than 150 trading products via the MT4 and MT5 platforms and the mobile HotForex Mobile Application, on several account types. The brokerage has offices in Dubai, South Africa and offshore St Vincent and the Grenadines and is authorised by the CySEC, DFSA, FCA, FSA and FSCA. Ready to start trading? Open a FREE TRADING ACCOUNT now

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