100 brokers measured in South Africabroker data checked 27.08.2026

Written and checked by the Lantern Review editorial team · how we score · base recalculated 13.10.2026

Recalculated 13.10.2026 · 100 brokers · 56 accounts

Forex and CFD brokers for residents of South Africa, measured

By formula v1.0, CFI ranks first at 4.69: a — round turn, 0 minimum deposit and a local FSCA licence. We measured 100 brokers and 56 accounts; 100 accept South African residents, and 55 are authorised by the country's own regulator.

100of 103

onboarding residents

97% of 103

67of 100

scored on all six axes

67% of 100

80of 103

publish a price

78% of 103

72of 103

publish a leverage figure for this country

70% of 103

Compare all 100 brokers and 56 accounts (100 of 103 shown)

20 of 103 shown

By score, formula v1.0. No row here is paid or promoted: the order is the formula's alone. · Cost, leverage and withdrawal apply to the entity that onboards South African residents, not the group.

		2.0–5.0	USD · ZA	USD · or as stated	South Africa entity	hours	Execution	Founded	Funding
1	CFICFI Financial (Pty) Ltd, local South African entity.	4.69	—	0advertised	500retail · ZA	24measured	ECN/raw + standard	1998	3 methods · local
2	FinvasiaSouth Africa served via Fxview — Finvasia Capital South Africa (Pty) Ltd, an FSCA-authorised FSP (local licence).	4.62	4per lot · std	50 groupadvertised	1000 groupretail · ZA	—	ECN/raw	2007	5 methods · local
3	OctaFXOrinoco Capital Pty Ltd	4.55	9per lot · std	25advertised	1000retail · ZA	3measured	ECN/raw + standard	2011	3 methods · local
4	Capital.comSouth African clients are now onboarded by the new local entity Capital Com South Africa (Pty) Ltd, which received FSCA approval in June 2026 (previously SA was served offshore/restricted).	4.48	6per lot · std	20advertised	30 groupretail · ZA	24measured	Standard	2016	3 methods · local
5	FP MarketsSouth African clients are onboarded under the locally licensed entity FP Markets (Pty) Ltd, an FSCA-authorised financial services provider.	4.46	6.5per lot · std	100advertised	500retail · ZA	72measured	ECN/raw + standard	2005	3 methods
6	HFMSA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.	4.46	6per lot · std	0 groupadvertised	2000retail · ZA	24measured	ECN/raw + standard	2010	3 methods · local
7	ExinityExinity Limited	4.38	4per lot · std	—	—stated, not verified	24measured	ECN/raw + standard	2020	2 methods · local
8	ACY SecuritiesACY Securities SA (Pty) Ltd (formerly Ingot Brokers SA), a locally licensed entity.	4.37	6per lot · std	50 groupadvertised	500 groupretail · ZA	24measured	ECN/raw + standard	2011	5 methods · local
9	FXGTSouth African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.	4.36	6per lot · std	10advertised	5000retail · ZA	24measured	ECN/raw + standard	2019	6 methods · local
10	AdmiralsSouth African clients served by locally licensed Admirals SA (Pty) Ltd.	4.36	6per lot · std	25advertised	500retail · ZA	24measured	ECN/raw + standard	2001	4 methods · local
11	MitradeMitrade Markets Pty Ltd	4.32	8.5per lot · std	20advertised	200retail · ZA	24measured	Standard	2011	4 methods
12	ThinkMarketsPty Ltd	4.28	7per lot · std	50advertised	500retail · ZA	4measured	ECN/raw + standard	2010	5 methods · local
13	IG Markets SAIG Markets South Africa Limited	4.28	7.5per lot · std	50advertised	30retail · ZA	72measured	Standard	1974	2 methods · local
14	AvaTradeLocal Ava Capital Markets Pty Ltd	4.27	9per lot · std	100advertised	400retail · ZA	24measured	Standard	2006	5 methods · local
15	TickmillTickmill South Africa (Pty) Ltd — locally licensed.	4.27	6per lot · std	100advertised	1000retail · ZA	24measured	ECN/raw + standard	2014	4 methods · local
16	FXCMServed locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).	4.26	7per lot · std	4advertised	400retail · ZA	72measured	ECN/raw + standard	1999	2 methods · local
17	CMTradingGCMT South Africa (Pty) Ltd; FSCA licence carried via Blackstone Marketing SA (Pty) Ltd. Home market.	4.24	8per lot · std	300advertised	200retail · ZA	24measured	ECN/raw + standard	2012	4 methods · local
18	STARTRADERSTARTRADER International Pty Ltd	4.23	4per lot · std	50advertised	1000retail · ZA	24measured	ECN/raw + standard	2019	4 methods
19	HeadwayHome base: Jarocel (Pty) Ltd, East London, South Africa.	4.2	3per lot · std	1advertised	—stated, not verified	0.5measured	ECN/raw + standard	2023	4 methods · local
20	JustMarketsJust Global Markets Pty Ltd	4.18	3per lot · std	10 groupadvertised	3000retail · ZA	48measured	ECN/raw + standard	2012	3 methods · local
21	CAPEXJME Financial Services (Pty) Ltd, operating za.capex.com — the locally licensed CAPEX entity for SA.	4.15	6.5per lot · std	100advertised	300retail · ZA	24measured	ECN/raw + standard	2016	3 methods · local
22	Grand CapitalGrand Capital Ltd	4.14	5per lot · std	10advertised	500retail · ZA	0.25measured	ECN/raw + standard	2006	3 methods
23	Fusion MarketsSouth African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA), not a local FSCA entity.	4.13	4.5per lot · std	0advertised	500retail · ZA	1measured	ECN/raw + standard	2017	6 methods
24	IG MarketsIG Markets South Africa Ltd	4.13	13.6per lot · std	50advertised	20retail · ZA	72measured	ECN/raw + standard	1974	3 methods · local
25	Markets.comPty Ltd	4.13	6per lot · std	100advertised	300retail · ZA	168measured	Standard	2008	5 methods · local
26	IC MarketsSouth African clients are onboarded under the OFFSHORE entity Raw Trading Ltd (Seychelles) - the 'IC Markets Global' brand - or IC Markets Ltd (Bahamas); NOT the ASIC (Australia) or CySEC (EU) entities. Confirm the exact entity on the client agreement at signup.	4.12	7.5per lot · std	200advertised	500retail · ZA	24measured	ECN/raw + standard	2007	9 methods · local
27	Land-FXLand Prime Ltd	4.1	3.35per lot · std	10advertised	2000retail · ZA	1measured	ECN/raw + standard	2008	7 methods · local
28	Forex.comGAIN Global Markets Inc	4.06	7per lot · std	100 groupadvertised	50retail · ZA	—	ECN/raw + standard	2001	3 methods
29	ActivTradesSouth African clients onboarded offshore under ActivTrades Corp (SCB Bahamas); no local entity.	4.03	4.2per lot · std	0 groupadvertised	200retail · ZA	24measured	ECN/raw + standard	2001	4 methods
30	Global PrimeGleneagle Securities Pty Ltd	4.03	7per lot · std	0 groupadvertised	500retail · ZA	2measured	ECN/raw + standard	2010	6 methods
31	Moneta MarketsMoneta Markets Ltd	4.02	7per lot · std	50advertised	1000retail · ZA	24measured	ECN/raw + standard	2019	5 methods
32	AMarketsAMarkets Ltd	4.01	7per lot · std	100 groupadvertised	3000retail · ZA	24measured	ECN/raw + standard	2007	3 methods
33	Scope MarketsScope Markets SA (Pty) Ltd.	4	9per lot · std	10 groupadvertised	1000 groupretail · ZA	48measured	ECN/raw + standard	—	4 methods · local
34	Ultima MarketsUltima Markets (Pty) Ltd, an FSCA-authorised FSP, serves SA clients (offshore Mauritius entity also used).	4	5per lot · std	50 groupadvertised	2000retail · ZA	120measured	ECN/raw + standard	2016	5 methods
35	Trade NationSouth African clients are onboarded under the genuine LOCAL entity Trade Nation Financial (Pty) Ltd (reg. 2018/418755/07), not an offshore arm.	3.98	5per lot · std	0 groupadvertised	200retail · ZA	120measured	Standard	2014	3 methods · local
36	FxProFxPro Markets Direct Costa Rica Latam SRL	3.98	7per lot · std	100advertised	200retail · ZA	3measured	ECN/raw + standard	2006	3 methods · local
37	PepperstonePepperstone Markets Kenya Limited	3.97	7per lot · std	200advertised	400retail · ZA	24measured	ECN/raw + standard	2010	5 methods · local
38	Traders TrustOffshore TTCM Traders Trust Capital Markets Ltd	3.96	6per lot · std	50advertised	3000retail · ZA	24measured	ECN/raw + standard	2009	5 methods
39	Khwezi TradeKhwezi Trade (Pty) Ltd, Cape Town	3.96	4per lot · std	50 groupadvertised	400retail · ZA	72measured	ECN/raw + standard	2013	1 methods · local
40	Plus500Plus500AU Pty Ltd	3.95	8per lot · std	10advertised	30retail · ZA	72measured	Standard	2008	5 methods · local
41	BlackBull MarketsBBG Limited	3.92	6per lot · std	0advertised	500retail · ZA	72measured	ECN/raw + standard	2014	6 methods · local
42	Scope Markets SAScope Markets SA (Pty) Ltd (reg 2016/137466/07), Sandton, Johannesburg	3.92	9per lot · std	100advertised	1000retail · ZA	120measured	Standard	2014	4 methods · local
43	Hantec MarketsHantec Markets Ltd	3.9	3per lot · std	10 groupadvertised	500retail · ZA	48measured	ECN/raw + standard	2009	2 methods
44	FIBO GroupSouth African clients onboarded by offshore FIBO Group, Ltd (BVI).	3.88	6per lot · std	50advertised	1000retail · ZA	48measured	ECN/raw + standard	1998	5 methods
45	Sasfin Securitiesof Sasfin Holdings Ltd	3.85	—	—	—stated, not verified	—	—	2007	2 methods · local
46	GO MarketsGO Markets Pty Ltd	3.84	6per lot · std	200advertised	500retail · ZA	48measured	ECN/raw + standard	2006	4 methods
47	XTBXTB International Limited	3.83	1per lot · std	0advertised	500retail · ZA	72measured	ECN/raw + standard	2002	2 methods
48	ATFXAT Global Markets SA (Pty) Ltd (ATFX SA), Cape Town.	3.82	12per lot · std	500 groupadvertised	400retail · ZA	24measured	Standard	2017	3 methods · local
49	OrbexServed offshore via Orbex Global Ltd (Mauritius) / Orbex LLC (SVG).	3.82	8per lot · std	100advertised	500retail · ZA	24measured	ECN/raw + standard	2010	5 methods
50	FXChoiceFX Choice Ltd	3.8	7per lot · std	100advertised	200retail · ZA	24measured	ECN/raw + standard	2010	3 methods
51	TraduStratos South Africa (Pty) Ltd.	3.8	5.9per lot · std	50 groupadvertised	30retail · ZA	120measured	ECN/raw + standard	2023	3 methods · local
52	DukascopyServed by Dukascopy Bank SA (Switzerland) cross-border; no South African entity.	3.77	8per lot · std	100advertised	200retail · ZA	48measured	ECN/raw + standard	2004	3 methods
53	IronFXNotesco SA (Pty) Ltd — locally licensed SA entity.	3.76	18per lot · std	100advertised	500retail · ZA	240measured	ECN/raw + standard	2010	6 methods · local
54	Blueberry MarketsServed via offshore Blueberry Markets (Mauritius) Ltd / Blueberry Markets (V) Ltd, not the Australian entity.	3.75	7per lot · std	100 groupadvertised	500retail · ZA	48measured	ECN/raw + standard	2016	7 methods
55	Doo PrimeSouth African retail served offshore via Doo Prime Vanuatu / Seychelles (dooprime.com).	3.73	7per lot · std	5 groupadvertised	1000retail · ZA	24measured	ECN/raw + standard	2014	4 methods · local
56	AlpariParlance Trading Ltd	3.71	3.5per lot · std	30advertised	3000retail · ZA	24measured	ECN/raw + standard	1998	5 methods
57	HYCMHYCM Ltd	3.71	5per lot · std	100 groupadvertised	500retail · ZA	24measured	ECN/raw + standard	1998	5 methods
58	Amana CapitalAmana Capital Ltd	3.69	7per lot · std	50 groupadvertised	100retail · ZA	48measured	ECN/raw + standard	2010	2 methods
59	MultiBank GroupSouth African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authorised FSP entity verified.	3.68	15per lot · std	50 groupadvertised	500retail · ZA	48measured	ECN/raw + standard	2005	5 methods
60	Trive South AfricaTrive International Ltd	3.68	10per lot · std	0advertised	—stated, not verified	168measured	ECN/raw + standard	2022	4 methods · local
61	LiteFinanceSouth African residents are onboarded under offshore LiteFinance Global LLC (St Vincent) / LiteFinance Investment Limited (Mauritius FSC).	3.67	18per lot · std	50advertised	1000retail · ZA	24measured	Standard	2005	3 methods
62	FXOpenOffshore FXOpen Markets Ltd	3.67	1.5per lot · std	1 groupadvertised	500retail · ZA	24measured	ECN/raw + standard	2005	6 methods
63	Unum CapitalUnum Capital (Pty) Ltd (formerly Vunani Private Clients), Pretoria/Gauteng	3.64	11per lot · std	—	—stated, not verified	—	Standard	1999	2 methods · local
64	Milton PrimeMilton Global Ltd	3.61	—	300 groupadvertised	500retail · ZA	1measured	—	2015	4 methods · local
65	FXTMForexTime Ltd	3.6	16per lot · std	10advertised	2000retail · ZA	24measured	Standard	2011	5 methods · local
66	ForexMartOffshore Tradomart SV Ltd	3.59	10per lot · std	15advertised	500retail · ZA	7measured	Standard	2015	6 methods · local
67	Standard Bank Online Share Trading (OST / SBG Securities)SBG Securities (Pty) Ltd, wholly-owned subsidiary of Standard Bank Group	3.59	—	—	—stated, not verified	120measured	—	1999	3 methods
68	SkillingServed by offshore Skilling (Seychelles) Ltd, not an EU/local entity.	3.58	8.5per lot · std	100advertised	500retail · ZA	24measured	ECN/raw + standard	2016	6 methods
69	Windsor BrokersWindsor Brokers International Ltd	3.58	8per lot · std	50 groupadvertised	1000retail · ZA	24measured	ECN/raw + standard	1988	3 methods
70	ErranteServed under offshore Errante Securities (Seychelles) Ltd.	3.58	—	50 groupadvertised	1000retail · ZA	24measured	ECN/raw + standard	2019	5 methods
71	Fullerton MarketsFullerton Markets International Ltd	3.58	7per lot · std	—	500retail · ZA	72measured	ECN/raw + standard	2015	2 methods
72	Interactive BrokersIBKR LLC	3.54	5per lot · std	0advertised	—stated, not verified	48measured	ECN/raw + standard	1978	1 methods
73	SwissquoteSwissquote Bank Ltd	3.5	16per lot · std	1000advertised	100retail · ZA	24measured	ECN/raw + standard	1996	2 methods
74	SatrixSatrix Managers (RF) (Pty) Ltd (part of Sanlam Investment Group)	3.45	—	—	—stated, not verified	—	—	2000	3 methods · local
75	EquitiSA clients served via group offshore entities (FCA UK / Seychelles FSA); direct FSCA authorisation not verified at review.	3.38	8per lot · std	500advertised	500retail · ZA	24measured	ECN/raw + standard	2003	3 methods
76	TMGMTrademax Global Ltd	3.35	7per lot · std	100 groupadvertised	1000retail · ZA	96measured	ECN/raw + standard	2013	6 methods
77	EasyEquitiesof Purple Group Ltd	3.31	—	—	—stated, not verified	120measured	—	2014	4 methods
78	NAGAServed under offshore NAGA Capital Ltd (Seychelles); EU-arm is NAGA Markets Europe Ltd.	3.3	11per lot · std	250advertised	1000retail · ZA	24measured	Standard	2015	4 methods · local
79	InstaForexSA clients served via offshore Instant Trading Ltd / InstaFinance Ltd (BVI) and Insta Global Ltd (SVG).	3.28	—	1 groupadvertised	1000retail · ZA	7measured	ECN/raw + standard	2007	3 methods
80	EightcapEightcap Global Limited	3.22	7per lot · std	100 groupadvertised	500retail · ZA	120measured	ECN/raw + standard	2015	4 methods
81	BDSwissSouth African clients are served with ZAR accounts and local bank transfer; BDSwiss markets a 'BDSwiss Markets SA (Pty) Ltd' FSCA presence, though trade execution sits under the offshore Seychelles FSA / Mauritius FSC entities.	3.21	10per lot · std	10 groupadvertised	2000 groupretail · ZA	24measured	ECN/raw + standard	2012	4 methods · local
82	T4TradeTradeco Ltd	3.21	18per lot · std	50 groupadvertised	1000retail · ZA	24measured	Standard	2021	5 methods
83	eToroServed; South African clients onboarded under eToro (UK) Ltd (per current review sources).	3.19	10per lot · std	50 groupadvertised	30retail · ZA	120measured	Standard	2007	5 methods
84	FNB Share Investingof FirstRand Bank Ltd	3.17	—	—	—stated, not verified	—	—	—	2 methods · local
85	Shyft (Standard Bank Shyft)The Standard Bank of South Africa Ltd	3.13	—	—	—stated, not verified	—	—	2017	3 methods · local
86	AxioryAxiory Global Ltd	3.04	2per lot · std	10 groupadvertised	400retail · ZA	240measured	ECN/raw + standard	2011	6 methods
87	ADSSADS Securities LLC	3.02	12per lot · std	100 groupadvertised	500retail · ZA	120measured	ECN/raw + standard	2010	2 methods
88	FortradeServed internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.	2.48	20per lot · std	100 groupadvertised	—stated, not verified	120measured	Standard	2013	4 methods
89	ZuluTradeCopy-trading/social-trading layer over connected partner brokers; not a direct broker.	—	—	100advertised	500 groupretail · ZA	—	—	2007	4 methods · local
90	10X Investments10X Investments (Pty) Ltd	—	—	1000 ZARadvertised	—stated, not verified	—	—	2007	2 methods · local
91	Absa Stockbrokers & Portfolio Managementof Absa Group Ltd	—	—	—	—stated, not verified	—	—	1973	2 methods · local
92	Anchor Capitalof JSE-listed Anchor Group Ltd	—	—	—	—stated, not verified	—	—	1983	3 methods · local
93	GT247.comof JSE-listed Purple Group Ltd	—	—	0advertised	25retail · ZA	—	—	1998	2 methods · local
94	Investec Online / ClarityInvestec Bank Ltd	—	—	25 ZARadvertised	—stated, not verified	—	—	1974	2 methods · local
95	Nedbank Online Share TradingNedgroup Private Wealth Stockbrokers (Pty) Ltd (Nedbank Group)	—	—	0advertised	—stated, not verified	—	—	2001	2 methods · local
96	PSG Online (PSG Wealth)PSG Securities Ltd / PSG Wealth (part of PSG Financial Services Ltd, JSE: KST)	—	—	—	—stated, not verified	24measured	—	1998	2 methods
97	Purple GroupPurple Group Ltd	—	—	—	—stated, not verified	—	—	2011	3 methods · local
98	Sanlam iTradeSanlam Private Wealth (Pty) Ltd (Sanlam Group)	—	—	5000 ZARadvertised	—stated, not verified	—	—	2000	2 methods · local
99	Momentum Securitiesof Momentum Group Ltd	—	—	—	—stated, not verified	—	—	1938	3 methods · local
100	Rand SwissRand Swiss (Pty) Ltd, South Africa (director Gary Booysen)	—	—	—	—stated, not verified	0measured	—	2014	2 methods · local

#	Account	Min depositUSD
1	BlackBull MarketsECN Standard	0advertised
2	BlackBull MarketsECN Prime	0advertised
3	BlackBull MarketsInstitutional/Prime+	20000advertised
4	Fusion MarketsZero account	—
5	PepperstoneRazor	—
6	Trade NationMT4 floating. Min deposit USD 0	0advertised
7	AlpariMicro	30advertised
8	BDSwissVIP	250advertised
9	BDSwissRaw/Zero	500advertised
10	LiteFinanceClassic	50advertised
11	LiteFinanceECN	50advertised
12	Moneta MarketsDirect STP	50advertised
13	Moneta MarketsPrime ECN	50advertised
14	Moneta MarketsUltra ECN	20000advertised
15	TMGMmin deposit USD 100	100advertised
16	XTBIslamic swap-free available	—
17	ActivTradesIslamic	—
18	HFMIslamic	—
19	MultiBank GroupStandard	50advertised
20	Admiralsmin from ZAR 500	500advertised
21	AvaTradeIslamic	—
22	Dukascopyswap-free. Min USD 100	100advertised
23	FXTMIslamic available	—
24	Tickmillmin USD 100	100advertised
25	FXCMmin ZAR 70	70advertised
26	Forex.comDMA. Min USD 100	100advertised
27	SwissquoteStandard	1000advertised
28	ADSSStandard	100advertised
29	Doo PrimeCENT	0advertised
30	Doo PrimeSTP	1advertised
31	Doo PrimeECN	100advertised
32	SkillingPremium raw-spread	5000advertised
33	Windsor BrokersPrime	50advertised
34	Windsor BrokersZero	1000advertised
35	Blueberry MarketsStandard	—
36	Blueberry MarketsDirect/Raw	—
37	FXOpenMicro/cent	1advertised
38	FXOpenECN	100advertised
39	FXOpenCrypto	10advertised
40	FortradeIslamic swap-free	2000advertised
41	FIBO GroupFixed/NDD	50advertised
42	FIBO GroupcTrader	50advertised
43	Grand CapitalSwap-Free	—
44	HeadwayIslamic	—
45	Traders TrustClassic	50advertised
46	Traders TrustIslamic swap-free	—
47	Amana CapitalClassic	50advertised
48	OrbexStarter	100advertised
49	STARTRADERStandard/ECN	50advertised
50	STARTRADERPrime ECN	10000advertised
51	STARTRADERIslamic on request	—
52	Scope MarketsIslamic	—
53	Ultima MarketsIslamic option	—
54	ForexMartSwap-Free	—
55	Investec Online / ClarityClarity investing account	25advertised
56	Khwezi TradeFour live account types	500advertised

Unranked rows are shown with the reason; missing values stay blank (—), never estimated.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.

Identical for every row, so it is stated once: Platforms MT5 cTrader +2 · Accepts residents Yes · local FSCA · Type ECN/raw · EURUSD spread 0.10 pips · avg · Currencies USD · ZAR.

Pick by task (6 tasks · 103 brokers)

Best brokersOctaFX4.55 top score67 of 103 brokers qualify RegulatedOctaFX4.55 top score55 of 103 brokers qualify Not authorisedGrand Capital4.14 top score45 of 103 brokers qualify IslamicOctaFX4.55 top score72 of 103 brokers qualify Min depositOctaFX4.55 top score49 of 103 brokers qualify Lowest spreadsOctaFX4.55 top score80 of 103 brokers qualify

What the data shows (4 distributions · 103 brokers)

Round turn, USD (80 of 103 priced)

3<2.5

115

357.5

1510

812.5

115

317.5

4>17.5

Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it

Minimum deposit, USD (49 of 103 published)

42<200

5400

1600

0800

01k

1>1k

Median 50 USD · range 0-1000 · 54 of 103 brokers do not publish it

Retail leverage for South African residents (72 of 103 published)

49<1k

142k

43k

44k

1>4k

Median 1:500 · range 20-5000 · 31 of 103 brokers do not publish it

Withdrawal time, hours (86 of 103 published)

61<50

10100

11150

2200

2>200

Median 24 h · range 0-240 · 17 of 103 brokers do not publish it

Ratings in South Africa (19 slices · 103 brokers)

Guides

GuideWhat a spread is, and what it costs youA spread is the gap between the price you can buy at and the price you can sell at, quoted in pips.GuideWhat leverage means, and where the cap comes fromLeverage lets a position be larger than the money behind it: at 1:30, {cur}1,000 of your own holds a {cur}30,000…GuideWhat a minimum deposit really tells youThe minimum deposit is the smallest amount an account can be opened with.

All 6 guides

How we score (6 axes · v1.0)

Score = 2 + 3 × weighted mean of six axes, each measured on the entity that onboards South African residents. A missing axis is shown as a dash and the broker stays unranked; nothing is estimated. Full methodology

Reviews 25%Price 20%Reliability 20%Payouts 15%Track record 10%Platforms 10%

Where these figures came from (6 sources)

Sources · precision

https://cfi.trade/za
https://fsca.co.za
https://fxnewsgroup.com
https://sashares.co.za
https://fxview.com/global/group-licenses-and-registrations
https://finvasia.com

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage.

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Round-turn cost90
Safety70
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Track record100
Platforms70

Round turn: 7
Min deposit: 100
Licence: 45052
ZAR account: ZAR account currency available; also USD, EUR, GBP.
Leverage: 200ZA
Withdrawal: within a few hours
Founded: 2006
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Why it is here

Licensed in South Africa: Local FSCA licence — FSP no. 45052 (issued 2015)
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