7 Best Forex Brokers in Southern Africa (2021)

JP Markets

JP Markets is a South African forex broker company in operation since 2016 based in Johannesburg and authorised by FSCA. JP Markets strives for trading capability to local and global traders with trading opportunities for several countries. JP Markets has accumulated several awards during 2019, like Best Broker for 2019 awarded by Global Business Outlook. JP Markets offers two account types, an STP standard account and an ECN account, and PAMM services. Apart from MT4, this broker also offers its own JPMarkets platform with an App for Android and Apple. Clients can trade up to 30 forex pairs, other CFDs, gold, stock indices and oil.

Markets.com

Markets.com was created in 2008 and is part of the TradeTech Group, a constituent of Playtech, a FTSE 250 listed company. The broker has its head offices in Nicosia, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and by the South African Financial Sector Conduct Authority (FSCA). The broker offers Marketsx, as a fast, reliable trading platform, a mobile platform and automated trades with MT4 and MT5 platforms. Traders have access to Indexes (42), Bonds (4), Blends (23), commodities (26), Currencies (67), ETFs (59) and Cryptos (6) as trading instruments. Pro Tip: Best forex brokers rated side by side in South Africa

Avatrade

AvaTrade was founded in 2006 and is headquartered in Ireland and is properly regulated globally. Avatrade has limited account types, divided between residents of the European Union, and persons outside the European Union. Avatrade provides the MetaTrader 4, MetaTrader 5, 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 operates in a highly regulated financial environment with similarity to both United States and United Kingdom arenas. CM TRADING provides state of the art trading platforms and guarantees utmost liquidity for traders’ safe investment and trading. The properly regulated environment enables traders to trade Forex, Index and Commodities, including Cryptocurrencies with confidence. The broker offers both MetaTrader 4 and Sirix WebTrader platforms and a maximum leverage of 200:1 can be used. Open a FREE Trading Account here

Kwezi Trade

Khwezi Trade is a respected South African brokerage headquartered in Cape Town, South Africa. It was founded in 2013, operates as an STP broker, and provides traders with excellent trading conditions, dedicated customer support and a variety of deposit and withdrawal options free of charge. Khwezi Trade is regulated by the Financial Intelligence Centre Act (FICA), and the FSCA. All customer funds are fully segregated with a reputable local bank, Standard Bank, and in ZAR currencies. Its MetaTrader4 trading platform is one of the best and the broker uses a reputable local bank to keep customer funds segregated from the company’s own funds.

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 Exness (UK) is authorised and regulated by 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.

Blackstone Futures

BlackStone Futures is an established FSCA-regulated broker based in Johannesburg and founded in 2009. It offers ZAR and USD accounts on MT4 and the proprietary Cloud Trade platforms and STP execution. Spreads are tight and leverage low until traders can prove their ability. Ready to start trading? Open a FREE trading account here