Top 8 Forex Brokers in South Africa - April 2021

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April 2021
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Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.
RANK
BROKER
SPECIAL
OFFER
MIN
DEPOSIT
SPREADS
FROM
USER
SCORE
MAX
LEVERAGE
REGULATION
SUPPORT
START
TRADING
1
up to 20% Bonus From $1,000
$100
0.9 PIPs
400:1
FSB (South Africa)
Special Features
Platform & Devices
2
30% Deposit Bonus up to $150
$5
0.1 PIPs
Flexible
*Depending on country of residence, knowledge and experience
FSB (South Africa)
3
Deal Cancellation Within an Hour
$100
1 PIPs
400:1
* 30:1 for clients in Europe
CySEC, ASIC
Special Features
Platform & Devices
  • easyMarkets Web
  • easyMarkets MT4
  • easyMarkets for iOS
  • easyMarkets for Android
  • Vanilla Options Platform
4
No Bonus
$200
0 PIPs
500:1
FMA (New Zealand), FSA
5
Free Demo Account 30-Day Trial
$100
0.1 PIPs
88
500:1
ASIC (Australia), VFSC
6
Up to 20% Up to $1,000
$250
0.5 PIPs
400:1
FSB (South Africa)
7
No Bonus
$ 10
0.5 PIPs
500:1
CySEC
8
No bonus
$200
0.0 PIPs
500:1
ASIC (Australia)
1
up to 20% Bonus
97
Users Score
2
30% Deposit Bonus
95
Users Score
3
Deal Cancellation
92
Users Score
4
No Bonus
90
Users Score
5
Free Demo Account
88
Users Score
6
Up to 20%
86
Users Score
7
No Bonus
83
Users Score
8
No bonus
80
Users Score
Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

Forex Trading in South-Africa

South Africa is a beacon of hope for the African continent, and the world at large. It is a multicultural melting pot bustling with diversity and economic activity. As Africa’s powerhouse, FX trading is high on the agenda for South African traders. The global FX market is currently worth an estimated $5 trillion per day, and South Africa certainly chips in with its share of the currency trading market…  Read More>>

Latest Expert Reviews Summary:
"Very professional broker, good support & online webinar. Thank you"
Score: 9.5 Written on: 27.07.2020 by Amoo Akbar
Pros
  • Tight spreads and low commissions on all major pairs
  • Offering multiple accounts types including cent, standard & ECN
  • FXTM invest allows investors to connect with your strategy for a fee
  • Trustworthy and regulated by FSB (South Africa) & FCA (UK)
Cons
  • Limited selection of CFD stocks to trade
  • Doesn’t accept clients from the US
"Amazing service, always providing new webinars to assist you in getting the best possible results with your future trading"
Score: 9 Written on: 15.12.2020 by Mekyle
Pros
  • Tight spreads
  • Multiple trading platforms on desktop, browser and mobile
  • Large selection of trading instruments
  • Regulated in many jurisdictions including FSB (South Africa)

 

Cons
  • Limited promotions & bonuses
"As a UK resident I opened an account with Blackbull to benefit from higher leverage. The opening process is different from UK but still straightforward. Trading conditions are great and I withdrew money back to my card that funded the account also with no problems"
Score: 9 Written on: 21.03.2020 by Steve Wilks
Pros
  • Offers Metatrader 4,5 and virtual private servers
  • Segregated accounts
  • Up to 500:1 leverage
Cons
  • Local customer support may be partial
  • Minimum deposit is $200
How to Choose a Forex Broker?

Top8ForexBrokers.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:

  • Is the Forex Broker regulated?
  • Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too. 
  • Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
  • Availability of Customer Service. 
  • Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience. 

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