Brokers with a demo account in South Africa

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (13 of 103 counts · 100 brokers onboarding South African residents)

13of 103

qualify for this ranking

13% of 103

9of 13

scored on all six axes

69% of 13

80of 103

publish a price

78% of 103

72of 103

publish a leverage figure for this country

70% of 103

Top 3 (of 3 ranked)

1Capital.com4.48highest score of the three · locally licensed · withdrawal in 24 h 2FXGT4.36locally licensed · withdrawal in 24 h 3IG Markets4.13locally licensed

Brokers with a demo account in South Africa (13 of 103)

By slice score, formula v1.0. · 13 of 100 brokers in this ranking · all 13

#	Broker	Round turn, USDZA	Min deposit, USDZA	Leverage	Withdrawal, hZA	Score	Execution	Founded	Funding
1	CFI	—	0	500ZA	24	4.69	ECN/raw + standard	1998	3 methods · local
2	Capital.com	6	20	30 groupZA	24	4.48	Standard	2016	3 methods · local
3	FXGT	6	10	5000ZA	24	4.36	ECN/raw + standard	2019	6 methods · local
4	IG Markets SA	7.5	50	30ZA	72	4.28	Standard	1974	2 methods · local
5	IG Markets	13.6	50	20ZA	72	4.13	ECN/raw + standard	1974	3 methods · local
6	Land-FX	3.35	10	2000ZA	1	4.1	ECN/raw + standard	2008	7 methods · local
7	Forex.com	7	100 group	50ZA	—	4.06	ECN/raw + standard	2001	3 methods
8	Scope Markets SA	9	100	1000ZA	120	3.92	Standard	2014	4 methods · local
9	Dukascopy	8	100	200ZA	48	3.77	ECN/raw + standard	2004	3 methods
10	Doo Prime	7	5 group	1000ZA	24	3.73	ECN/raw + standard	2014	4 methods · local
11	Swissquote	16	1000	100ZA	24	3.5	ECN/raw + standard	1996	2 methods
12	NAGA	11	250	1000ZA	24	3.3	Standard	2015	4 methods · local
13	InstaForex	—	1 group	1000ZA	7	3.28	ECN/raw + standard	2007	3 methods

Ten are shown; the button opens the rest.

"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.

IG Markets publishes a retail leverage of 1:20 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

Identical for every row, so it is stated once: Who onboards Local · FSCA · Swap-free fee none, no limit · ZAR account Yes.

1. Capital.com — highest score of the three · locally licensed · withdrawal in 24 h (score 4.48)

Round turn: 6 USD
Withdrawal: 24 hours
ZAR account: USD-denominated; local ZAR account availability not verified at review.
Leverage: 30 groupZA
Accepts residents: yes
Onboarding entity: South 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).
Founded: 2016
Register: https://capital.com/en-int/press · 09.07.2026
Group leverage: uncleargroup
Instruments: CFD-only broker; the SA entity advertises 5,000+ CFD markets across equities, commodities, indices, FX and crypto.
Platforms: MT5cTraderWebTradingView
Funding: Cards, bank transfer and e-wallets; ZAR instant-EFT support not verified at review.
Not served: Afghanistan, American Samoa, Belgium, Bahamas, Barbados, Belarus, Burkina Faso, United States of America, Cameroon, Canada, China, Congo, Democratic Republic of the Congo, Cuba, Eritrea, Gibraltar, Guam, Haiti, India, Indonesia, Iran, Iraq, Israel, Japan, Artsakh (Nagorno-Karabakh), Kosovo, North Korea, Libya, Malaysia, Mali, Marshall Islands, Federated States of Micronesia, Myanmar, New Zealand, Northern Mariana Islands, Palestine, Palau, Philippines, Puerto Rico, Russia, Sahrawi Arab Democratic Republic, Samoa, Senegal, Somalia, South Sudan, Sudan, Syria, Turkey, United States Minor Outlying Islands, Vanuatu, Venezuela, Virgin Islands, US, Yemen

Reviews25%75
Round-turn cost20%95
Safety100
Payouts15%80
Track record10%50
Platforms

Why it ranks here

Round turn 6 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.48.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of Capital.com

2. FXGT — locally licensed · withdrawal in 24 h (score 4.36)

Round turn: 6 USD
Withdrawal: within 24 hours
ZAR account: USD, EUR, JPY and ZAR - South Africans can hold a ZAR account and avoid conversion.
Leverage: 5000ZA
Licence: FSCA 48896
Accepts residents: yes
Onboarding entity: South African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
Founded: 2019
Register: https://fxgt.com · 09.07.2026
Group leverage: local
Instruments: 50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs, 50+ US share CFDs, 10+ indices, metals and energy CFDs.
Platforms: MT5MT4Web
Funding: Cards, local bank/EFT, e-wallets (Neteller/Skrill/STICPAY) and crypto; ZAR deposits supported.
Not served: United States, Canada, European Union member states, Iran, North Korea, Belize, Ukraine, United Kingdom

Why it ranks here

Round turn 6 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.36.

Watch for

Min deposit 200 USD, double the South Africa median of 50; withdrawal time not published.

Full review of FXGT

3. IG Markets — locally licensed (score 4.13)

Round turn: 13.6 USD
Withdrawal: 1-3 business days
ZAR account: USD, GBP, EUR; ZAR not confirmed.
Leverage: 20ZA
Licence: 41393
Accepts residents: yes
Onboarding entity: IG Markets South Africa Ltd
Founded: 1974
Register: https://ig.com/za · 09.07.2026
Group leverage: uncleargroup
Instruments: 17,000+ markets: FX, indices, shares, commodities.
Platforms: MT5WebMobile
Funding: Cards, bank transfer, PayPal.
Not served: United States, Canada, Japan, North Korea, Iran, Syria, Russia, Iraq, Afghanistan, Yemen, Cuba, Myanmar, Sudan, Libya

Why it ranks here

Round turn 13.6 USD against the slice median 7 USD. strongest axis track record 100 of 100. total score 4.13.

Watch for

Onboards South African residents through an offshore entity: no FSCA licence, no FSCA complaints route, no ZAR account.

Full review of IG Markets

What the data shows(13 of 103 distributions · 100 brokers)

Swap-free availability (13 of 103 brokers)

Offered30Not offered14

Admin fee after the free period (13 of 103 swap-free)

Never16After 3–30 days9not published5

Who onboards South African residents (13 of 103 brokers)

Local FSCA entity20Offshore entity24

ZAR account (13 of 103 brokers)

Yes16No23not published5

Free demo account offered (103 of 103)

88Yes

15Not stated

Minimum deposit, USD (85 of 103 · median 50 USD)

76<200

6400

2600

0800

1>800

Full list(13 of 103)

1CFI4.69
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
2Capital.com4.48
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20
Leverage
30 groupZA
ZAR
Yes
3FXGT4.36
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
5000ZA
ZAR
Yes
4IG Markets SA4.28
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
50
Leverage
30ZA
ZAR
Yes
5IG Markets4.13
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
13.6
Min deposit, USD
50
Leverage
20ZA
ZAR
Yes
6Land-FX4.1
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3.35
Min deposit, USD
10
Leverage
2000ZA
ZAR
Yes
7Forex.com4.06
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
50ZA
ZAR
Yes
8Scope Markets SA3.92
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100
Leverage
1000ZA
ZAR
Yes
9Dukascopy3.77
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
200ZA
ZAR
Yes
10Doo Prime3.73
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
1000ZA
ZAR
Yes
11Swissquote3.5
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
1000
Leverage
100ZA
ZAR
Yes
12NAGA3.3
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
250
Leverage
1000ZA
ZAR
Yes
13InstaForex3.28
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
1 group
Leverage
1000ZA
ZAR
Yes

How to read this ranking

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of South Africa through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 50.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 6 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in South Africa?: 13 of 103 brokers measured for this country qualify.
Which broker leads it, and on what basis?: Capital.com leads it with a score of 4.48. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(13 of 103 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.