Top 8 Forex Brokers in South Africa - Nov. 2019

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Nov. 2019
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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
30% Welcome Bonus
$5
0.1 PIPs
Flexible
*Depending on country of residence, knowledge and experience
FSB (South Africa)
2
up to 50% up to $20,000
$100
1 PIPs
400:1
FSB (South Africa)
Special Features
Cryptocurrencies
  • Bitcoin
  • Litecoin
  • Ethereum
  • Ripple
  • Dash
Platform & Devices
  • AvaTradeAct
  • AvaTradeGo
  • Mac Trading
  • Meta Trader 4
3
Negative Balance Protection (T&C apply)
$100
2 PIPs
294:1
FSB (South Africa)
Special Features
  • Guaranteed Stop
  • Price Alerts
  • Trailing Stop
  • Negative Balance Protection
  • Crypto Weekend Trading
Platform & Devices
  • Plus500
4
Deal Cancellation Within an Hour
$100
1 PIPs
400:1
* 30:1 for clients in Europe
CySEC, ASIC
5
Up to 20% Up to $1,000
$250
0.5 PIPs
400:1
FSB (South Africa)
6
No Bonus
$200
0.1 PIPs
500:1
ASIC (Australia)
7
Loyalty Cashback
$1,000
1.2 PIPs
1000:1
FSC
8
Free Trading Central Access
$250
1.5 PIPs
400:1
*for professional traders
CySEC
1
30% Welcome Bonus
97
Users Score
2
up to 50%
95
Users Score
3
Negative Balance Protection
92
Users Score
4
Deal Cancellation
89
Users Score
5
Up to 20%
86
Users Score
6
No Bonus
83
Users Score
7
Loyalty Cashback
80
Users Score
8
Free Trading Central Access
79
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 impressed by the service at AvaTrade and highly suggest them to new and experienced traders alike"
Score: 9 Written on: 12.08.2019
Pros
  • 400:1 leverage
  • Tight spreads
  • Multiple trading platforms (AvaTrader, MT4, mobile and others)
  • Powerful tools and resources available
Cons
  • Deposit and Withdrawal information limited on the website
  • Fewer currency pairs compared to other brokers
  • Limited bonuses and promotions
"As an experienced trader, I've enjoyed working with Markets.com They offer great options and low spreads ."
Score: 9.5 Written on: 01.06.2019
Pros
  • 200:1 leverage on Forex Trades
  • Comprehensive education center
  • Practice Account available to traders
  • Multiple platforms to choose from including MetaTrader 4
Cons
  • Does not accept U.S. traders
  • Live chat is only available 24/5
  • Information on bonuses is scant
"A buddy of mine recommended easyMarkets to me and I've been very pleased with my service thus far"
Score: 9 Written on: 18.08.2019
Pros
  • CFD, Commodities, FX Pairs, Guest Account
  • Demo Account and Live Account
  • MT4 platform
  • 1:400 leverage
  • Deal Cancellation feature 
  • 5 stars rating on TrusPilot from 296 reviews
Cons
  • Not accepting US clients
  • PayPal is not supported
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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