MetaTrader 4 brokers 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 (75 of 103 counts · 100 brokers onboarding South African residents)

75of 103

qualify for this ranking

73% of 103

59of 75

scored on all six axes

79% of 75

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)

1OctaFX4.55highest score of the three · locally licensed · withdrawal in 3 h 2Capital.com4.48locally licensed · withdrawal in 24 h 3HFM4.46locally licensed · withdrawal in 24 h

MetaTrader 4 brokers in South Africa (75 of 103)

By slice score, formula v1.0. · 75 of 100 brokers in this ranking · all 75

#	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	Finvasia	4	50 group	1000 groupZA	—	4.62	ECN/raw	2007	5 methods · local
3	OctaFX	9	25	1000ZA	3	4.55	ECN/raw + standard	2011	3 methods · local
4	Capital.com	6	20	30 groupZA	24	4.48	Standard	2016	3 methods · local
5	FP Markets	6.5	100	500ZA	72	4.46	ECN/raw + standard	2005	3 methods
6	HFM	6	0 group	2000ZA	24	4.46	ECN/raw + standard	2010	3 methods · local
7	Exinity	4	—	—stated, not verified	24	4.38	ECN/raw + standard	2020	2 methods · local
8	ACY Securities	6	50 group	500 groupZA	24	4.37	ECN/raw + standard	2011	5 methods · local
9	FXGT	6	10	5000ZA	24	4.36	ECN/raw + standard	2019	6 methods · local
10	Admirals	6	25	500ZA	24	4.36	ECN/raw + standard	2001	4 methods · local
11	ThinkMarkets	7	50	500ZA	4	4.28	ECN/raw + standard	2010	5 methods · local
12	IG Markets SA	7.5	50	30ZA	72	4.28	Standard	1974	2 methods · local
13	AvaTrade	9	100	400ZA	24	4.27	Standard	2006	5 methods · local
14	Tickmill	6	100	1000ZA	24	4.27	ECN/raw + standard	2014	4 methods · local
15	FXCM	7	4	400ZA	72	4.26	ECN/raw + standard	1999	2 methods · local
16	CMTrading	8	300	200ZA	24	4.24	ECN/raw + standard	2012	4 methods · local
17	STARTRADER	4	50	1000ZA	24	4.23	ECN/raw + standard	2019	4 methods
18	Headway	3	1	—stated, not verified	0.5	4.2	ECN/raw + standard	2023	4 methods · local
19	JustMarkets	3	10 group	3000ZA	48	4.18	ECN/raw + standard	2012	3 methods · local
20	Grand Capital	5	10	500ZA	0.25	4.14	ECN/raw + standard	2006	3 methods
21	Fusion Markets	4.5	0	500ZA	1	4.13	ECN/raw + standard	2017	6 methods
22	IG Markets	13.6	50	20ZA	72	4.13	ECN/raw + standard	1974	3 methods · local
23	Markets.com	6	100	300ZA	168	4.13	Standard	2008	5 methods · local
24	IC Markets	7.5	200	500ZA	24	4.12	ECN/raw + standard	2007	9 methods · local
25	Land-FX	3.35	10	2000ZA	1	4.1	ECN/raw + standard	2008	7 methods · local
26	Forex.com	7	100 group	50ZA	—	4.06	ECN/raw + standard	2001	3 methods
27	ActivTrades	4.2	0 group	200ZA	24	4.03	ECN/raw + standard	2001	4 methods
28	Global Prime	7	0 group	500ZA	2	4.03	ECN/raw + standard	2010	6 methods
29	Moneta Markets	7	50	1000ZA	24	4.02	ECN/raw + standard	2019	5 methods
30	AMarkets	7	100 group	3000ZA	24	4.01	ECN/raw + standard	2007	3 methods
31	Scope Markets	9	10 group	1000 groupZA	48	4	ECN/raw + standard	—	4 methods · local
32	Ultima Markets	5	50 group	2000ZA	120	4	ECN/raw + standard	2016	5 methods
33	Trade Nation	5	0 group	200ZA	120	3.98	Standard	2014	3 methods · local
34	FxPro	7	100	200ZA	3	3.98	ECN/raw + standard	2006	3 methods · local
35	Pepperstone	7	200	400ZA	24	3.97	ECN/raw + standard	2010	5 methods · local
36	Traders Trust	6	50	3000ZA	24	3.96	ECN/raw + standard	2009	5 methods
37	BlackBull Markets	6	0	500ZA	72	3.92	ECN/raw + standard	2014	6 methods · local
38	Scope Markets SA	9	100	1000ZA	120	3.92	Standard	2014	4 methods · local
39	Hantec Markets	3	10 group	500ZA	48	3.9	ECN/raw + standard	2009	2 methods
40	FIBO Group	6	50	1000ZA	48	3.88	ECN/raw + standard	1998	5 methods
41	GO Markets	6	200	500ZA	48	3.84	ECN/raw + standard	2006	4 methods
42	ATFX	12	500 group	400ZA	24	3.82	Standard	2017	3 methods · local
43	Orbex	8	100	500ZA	24	3.82	ECN/raw + standard	2010	5 methods
44	FXChoice	7	100	200ZA	24	3.8	ECN/raw + standard	2010	3 methods
45	Dukascopy	8	100	200ZA	48	3.77	ECN/raw + standard	2004	3 methods
46	IronFX	18	100	500ZA	240	3.76	ECN/raw + standard	2010	6 methods · local
47	Blueberry Markets	7	100 group	500ZA	48	3.75	ECN/raw + standard	2016	7 methods
48	Doo Prime	7	5 group	1000ZA	24	3.73	ECN/raw + standard	2014	4 methods · local
49	Alpari	3.5	30	3000ZA	24	3.71	ECN/raw + standard	1998	5 methods
50	HYCM	5	100 group	500ZA	24	3.71	ECN/raw + standard	1998	5 methods
51	Amana Capital	7	50 group	100ZA	48	3.69	ECN/raw + standard	2010	2 methods
52	MultiBank Group	15	50 group	500ZA	48	3.68	ECN/raw + standard	2005	5 methods
53	Trive South Africa	10	0	—stated, not verified	168	3.68	ECN/raw + standard	2022	4 methods · local
54	LiteFinance	18	50	1000ZA	24	3.67	Standard	2005	3 methods
55	FXOpen	1.5	1 group	500ZA	24	3.67	ECN/raw + standard	2005	6 methods
56	Unum Capital	11	—	—stated, not verified	—	3.64	Standard	1999	2 methods · local
57	Milton Prime	—	300 group	500ZA	1	3.61	—	2015	4 methods · local
58	FXTM	16	10	2000ZA	24	3.6	Standard	2011	5 methods · local
59	ForexMart	10	15	500ZA	7	3.59	Standard	2015	6 methods · local
60	Skilling	8.5	100	500ZA	24	3.58	ECN/raw + standard	2016	6 methods
61	Windsor Brokers	8	50 group	1000ZA	24	3.58	ECN/raw + standard	1988	3 methods
62	Errante	—	50 group	1000ZA	24	3.58	ECN/raw + standard	2019	5 methods
63	Fullerton Markets	7	—	500ZA	72	3.58	ECN/raw + standard	2015	2 methods
64	Swissquote	16	1000	100ZA	24	3.5	ECN/raw + standard	1996	2 methods
65	Equiti	8	500	500ZA	24	3.38	ECN/raw + standard	2003	3 methods
66	TMGM	7	100 group	1000ZA	96	3.35	ECN/raw + standard	2013	6 methods
67	NAGA	11	250	1000ZA	24	3.3	Standard	2015	4 methods · local
68	InstaForex	—	1 group	1000ZA	7	3.28	ECN/raw + standard	2007	3 methods
69	Eightcap	7	100 group	500ZA	120	3.22	ECN/raw + standard	2015	4 methods
70	BDSwiss	10	10 group	2000 groupZA	24	3.21	ECN/raw + standard	2012	4 methods · local
71	T4Trade	18	50 group	1000ZA	24	3.21	Standard	2021	5 methods
72	Axiory	2	10 group	400ZA	240	3.04	ECN/raw + standard	2011	6 methods
73	ADSS	12	100 group	500ZA	120	3.02	ECN/raw + standard	2010	2 methods
74	Fortrade	20	100 group	—stated, not verified	120	2.48	Standard	2013	4 methods
75	ZuluTrade	—	100	500 groupZA	—	—	—	2007	4 methods · local

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.

IC Markets publishes a retail leverage of 1:500 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. OctaFX — highest score of the three · locally licensed · withdrawal in 3 h (score 4.55)

Round turn: 9 USD
Withdrawal: 1-3 hours on business days
ZAR account: USD, EUR
Leverage: 1000ZA
Licence: FSCA 51913
Accepts residents: yes
Onboarding entity: Orinoco Capital Pty Ltd
Founded: 2011
Group leverage: uncleargroup
Instruments: Forex, crypto, stocks
Platforms: MT5cTraderWebTradingView
Funding: EFT, OZOW, local bank
Not served: United States, Canada, United Kingdom, European Union, Israel, Japan, New Zealand, North Korea, Iran, Myanmar, Philippines, Singapore

Reviews25%90
Round-turn cost20%80
Safety
Payouts15%98
Track record10%75
Platforms65

Why it ranks here

Round turn 9 USD against the slice median 7 USD. strongest axis payouts 98 of 100. total score 4.55.

Watch for

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

Full review of OctaFX

2. Capital.com — 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: unclear
Instruments: CFD-only broker; the SA entity advertises 5,000+ CFD markets across equities, commodities, indices, FX and crypto.
Platforms: MT5MT4Web
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

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

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

Full review of Capital.com

3. HFM — locally licensed · withdrawal in 24 h (score 4.46)

Round turn: 6 USD
Withdrawal: same business day
ZAR account: ZAR trading accounts offered; also USD.
Leverage: 2000ZA
Licence: 46632
Accepts residents: yes
Onboarding entity: SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
Founded: 2010
Register: https://fxscouts.co.za · 09.07.2026
Group leverage: uncleargroup
Instruments: 1000+ CFDs: FX, metals, indices, shares, commodities, crypto.
Platforms: MT5WebMobile
Funding: Fast free deposits/withdrawals via local ZAR banks; cards, e-wallets.
Not served: United States, Canada, Sudan, Syria, Iran, North Korea

Why it ranks here

Round turn 6 USD against the slice median 7 USD. strongest axis round-turn cost 95 of 100. total score 4.46.

Watch for

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

Full review of HFM

What the data shows(75 of 103 distributions · 100 brokers)

Swap-free availability (75 of 103 brokers)

Offered30Not offered14

Admin fee after the free period (75 of 103 swap-free)

Never16After 3–30 days9not published5

Who onboards South African residents (75 of 103 brokers)

Local FSCA entity20Offshore entity24

ZAR account (75 of 103 brokers)

Yes16No23not published5

Platforms the brokers run (99 of 103)

75MetaTrader 4

66MetaTrader 5

16TradingView

13cTrader

9Own platform

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

76<200

6400

2600

0800

1>800

Full list(75 of 103)

1CFI4.69
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
2Finvasia4.62
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
50 group
Leverage
1000 groupZA
ZAR
Yes
3OctaFX4.55
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
25
Leverage
1000ZA
ZAR
Yes
4Capital.com4.48
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20
Leverage
30 groupZA
ZAR
Yes
5FP Markets4.46
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6.5
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
6HFM4.46
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
2000ZA
ZAR
Yes
7Exinity4.38
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4
ZAR
Yes
8ACY Securities4.37
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
500 groupZA
ZAR
Yes
9FXGT4.36
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
5000ZA
ZAR
Yes
10Admirals4.36
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
25
Leverage
500ZA
ZAR
Yes
11ThinkMarkets4.28
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
500ZA
ZAR
Yes
12IG Markets SA4.28
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
50
Leverage
30ZA
ZAR
Yes
13AvaTrade4.27
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100
Leverage
400ZA
ZAR
Yes
14Tickmill4.27
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100
Leverage
1000ZA
ZAR
Yes
15FXCM4.26
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
4
Leverage
400ZA
ZAR
Yes
16CMTrading4.24
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
300
Leverage
200ZA
ZAR
Yes
17STARTRADER4.23
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
18Headway4.2
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
1
ZAR
Yes
19JustMarkets4.18
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
10 group
Leverage
3000ZA
ZAR
Yes
20Grand Capital4.14
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10
Leverage
500ZA
ZAR
Yes
21Fusion Markets4.13
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4.5
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
22IG Markets4.13
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
13.6
Min deposit, USD
50
Leverage
20ZA
ZAR
Yes
23Markets.com4.13
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100
Leverage
300ZA
ZAR
Yes
24IC Markets4.12
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
200
Leverage
500ZA
ZAR
Yes
25Land-FX4.1
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3.35
Min deposit, USD
10
Leverage
2000ZA
ZAR
Yes
26Forex.com4.06
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
50ZA
ZAR
Yes
27ActivTrades4.03
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4.2
Min deposit, USD
0 group
Leverage
200ZA
ZAR
Yes
28Global Prime4.03
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500ZA
ZAR
Yes
29Moneta Markets4.02
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
30AMarkets4.01
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
3000ZA
ZAR
Yes
31Scope Markets4
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
10 group
Leverage
1000 groupZA
ZAR
Yes
32Ultima Markets4
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
50 group
Leverage
2000ZA
ZAR
Yes
33Trade Nation3.98
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
0 group
Leverage
200ZA
ZAR
Yes
34FxPro3.98
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
200ZA
ZAR
Yes
35Pepperstone3.97
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
200
Leverage
400ZA
ZAR
Yes
36Traders Trust3.96
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
3000ZA
ZAR
Yes
37BlackBull Markets3.92
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
38Scope Markets SA3.92
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100
Leverage
1000ZA
ZAR
Yes
39Hantec Markets3.9
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
10 group
Leverage
500ZA
ZAR
Yes
40FIBO Group3.88
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
41GO Markets3.84
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
200
Leverage
500ZA
ZAR
Yes
42ATFX3.82
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
12
Min deposit, USD
500 group
Leverage
400ZA
ZAR
Yes
43Orbex3.82
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
44FXChoice3.8
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
200ZA
ZAR
Yes
45Dukascopy3.77
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
200ZA
ZAR
Yes
46IronFX3.76
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
47Blueberry Markets3.75
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
48Doo Prime3.73
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
1000ZA
ZAR
Yes
49Alpari3.71
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3.5
Min deposit, USD
30
Leverage
3000ZA
ZAR
Yes
50HYCM3.71
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
51Amana Capital3.69
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50 group
Leverage
100ZA
ZAR
Yes
52MultiBank Group3.68
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
15
Min deposit, USD
50 group
Leverage
500ZA
ZAR
Yes
53Trive South Africa3.68
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
10
Min deposit, USD
0
ZAR
Yes
54LiteFinance3.67
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
55FXOpen3.67
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
1.5
Min deposit, USD
1 group
Leverage
500ZA
ZAR
Yes
56Unum Capital3.64
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
11
ZAR
Yes
57Milton Prime3.61
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
300 group
Leverage
500ZA
ZAR
Yes
58FXTM3.6
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
10
Leverage
2000ZA
ZAR
Yes
59ForexMart3.59
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
10
Min deposit, USD
15
Leverage
500ZA
ZAR
Yes
60Skilling3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8.5
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
61Windsor Brokers3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
50 group
Leverage
1000ZA
ZAR
Yes
62Errante3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
50 group
Leverage
1000ZA
ZAR
Yes
63Fullerton Markets3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Leverage
500ZA
ZAR
Yes
64Swissquote3.5
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
1000
Leverage
100ZA
ZAR
Yes
65Equiti3.38
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
500
Leverage
500ZA
ZAR
Yes
66TMGM3.35
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000ZA
ZAR
Yes
67NAGA3.3
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
250
Leverage
1000ZA
ZAR
Yes
68InstaForex3.28
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
1 group
Leverage
1000ZA
ZAR
Yes
69Eightcap3.22
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
70BDSwiss3.21
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
10
Min deposit, USD
10 group
Leverage
2000 groupZA
ZAR
Yes
71T4Trade3.21
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
50 group
Leverage
1000ZA
ZAR
Yes
72Axiory3.04
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
2
Min deposit, USD
10 group
Leverage
400ZA
ZAR
Yes
73ADSS3.02
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
12
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
74Fortrade2.48
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
20
Min deposit, USD
100 group
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?: 75 of 103 brokers measured for this country qualify.
Which broker leads it, and on what basis?: OctaFX leads it with a score of 4.55. 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(75 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.