Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.

Data-led broker guide

Best forex & CFD brokers in South Africa

We filtered the catalogue to brokers explicitly marked as accepting clients from South Africa. This page contains 31 matching brokers; 27 hold at least one tier 5 licence in our catalogue. The lowest listed minimum deposit is $0 at HFM. The lowest advertised spread is 0.0 pips at HFM. The most common platforms are MetaTrader 4 (27), MetaTrader 5 (25), TradingView (10).

Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.

Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team

How we picked these brokers

Filter: The broker is explicitly marked as accepting clients from South Africa in the catalogue.

Order: Brokers licensed by the FSCA are listed first, then by BrokaBoy score.

Commissions never change ranking order on this page. Read our methodology.

Ranked brokers

1

HFM

9.7/10· Trustpilot 4.3 (2,948 reviews)

Multi-regulated broker formerly trading as HotForex

Min Dep

$0

Spread

0.0 pips

Leverage

1:2000 (entity dependent)

Affiliate link - see our Methodology

2

Exness

9.0/10· Trustpilot 4.7 (31,240 reviews)

High-volume retail broker with instant withdrawals and tight majors

Min Dep

$10

Spread

0.0 pips

Leverage

1:2000

Affiliate link - see our Methodology

3

IG

9.0/10· Trustpilot 3.7 (9,975 reviews)

FTSE-listed global leader in CFDs and spread betting

Min Dep

$0

Spread

0.6 pips

Leverage

Up to 1:30 (retail, UK/EU)

Affiliate link - see our Methodology

4

Admirals

8.9/10· Trustpilot 4.1 (2,165 reviews)

Admiral Markets, an EU-supervised broker with an investing arm

Min Dep

$100

Spread

0.0 pips

Leverage

Up to 1:500 (entity dependent)

Affiliate link - see our Methodology

5

ThinkMarkets

8.9/10· Trustpilot 3.4 (520 reviews)

Multi-regulated broker with its own ThinkTrader platform

Min Dep

$0

Spread

0.0 pips

Leverage

Up to 1:500 (entity dependent)

Affiliate link - see our Methodology

6

Vantage Markets

8.9/10· Trustpilot 4.4 (14,731 reviews)

ASIC-supervised group with raw ECN pricing and copy trading

Min Dep

$50

Spread

0.0 pips

Leverage

Up to 1:500 (entity dependent)

Affiliate link - see our Methodology

7

Moneta Markets

8.7/10· Trustpilot 4.1 (583 reviews)

Multi-platform broker aimed at active retail traders

Min Dep

$50

Spread

0.0 pips

Leverage

1:1000

Affiliate link - see our Methodology

8

FP Markets

Featured

8.6/10· Trustpilot 4.8 (10,285 reviews)

ECN pricing with 10,000+ instruments

Min Dep

$100

Spread

0.0 pips

Leverage

1:500

ASIC CySEC FSCA

Affiliate link - see our Methodology

9

FxPro

8.3/10· Trustpilot 2.5 (751 reviews)

No-dealing-desk since 2006

Min Dep

$100

Spread

0.3

Leverage

1:500

Affiliate link - see our Methodology

10

FXTM

8.2/10· Trustpilot 2.5 (1,106 reviews)

ForexTime, an education-heavy broker with strong emerging-market reach

Min Dep

$100

Spread

0.0 pips

Leverage

Up to 1:5000 (entity dependent)

Affiliate link - see our Methodology

11

Tickmill

8.0/10· Trustpilot 2.8 (1,144 reviews)

Low commissions, no gimmicks

Min Dep

$100

Spread

0.0 pips

Leverage

1:1000 (entity dependent)

Affiliate link - see our Methodology

12

FXCM

7.9/10· Trustpilot 4.6 (976 reviews)

Long-running CFD broker with strong charting tools

Min Dep

$50

Spread

0.2 pips

Leverage

1:400

Affiliate link - see our Methodology

13

VT Markets

7.8/10· Trustpilot 3.5 (2,868 reviews)

Australian-founded broker with global reach

Min Dep

$50

Spread

0.0 pips

Leverage

1:1000

Affiliate link - see our Methodology

14

AvaTrade

7.7/10· Trustpilot 4.8 (13,229 reviews)

Global broker, local support

Min Dep

$100

Spread

0.9

Leverage

1:400

Affiliate link - see our Methodology

15

FBS

7.4/10· Trustpilot 4.3 (9,902 reviews)

Low-entry accounts for emerging-market traders

Min Dep

$5

Spread

0.7 pips

Leverage

1:3000

IFSC CySEC ASIC

Affiliate link - see our Methodology

16

Octa

7.3/10· Trustpilot 3.7 (9,771 reviews)

Low-cost forex and CFD broker with copy trading and a proprietary app

Min Dep

$25

Spread

0.6 pips

Leverage

Up to 1:1000 (entity dependent)

Affiliate link - see our Methodology

17

JustMarkets

7.1/10· Trustpilot 3.6 (4,479 reviews)

Low-cost accounts aimed at emerging-market retail traders

Min Dep

$10

Spread

0.3 pips

Leverage

Up to 1:3000 (entity dependent)

Affiliate link - see our Methodology

18

Axi

9.1/10· Trustpilot 4.1 (7,586 reviews)

Australian MT4 specialist with a strong copy-trading offer

Min Dep

$100

Spread

0.0 pips

Leverage

1:1000 (entity dependent)

Affiliate link - see our Methodology

19

Forex.com

9.1/10· Trustpilot 4.6 (2,481 reviews)

StoneX-owned broker with US and global entities

Min Dep

$100

Spread

0.0 pips

Leverage

1:200

Affiliate link - see our Methodology

20

Saxo Bank

9.1/10· Trustpilot 3.6 (8,756 reviews)

Licensed Danish bank offering deep multi-asset market access

Min Dep

$0

Spread

0.4 pips

Leverage

Up to 1:30 (retail, EU/UK)

Affiliate link - see our Methodology

21

Capital.com

8.6/10· Trustpilot 4.6 (15,090 reviews)

AI-assisted CFD platform with wide market coverage

Min Dep

$10

Spread

0.6 pips

Leverage

1:30 (entity dependent)

Affiliate link - see our Methodology

22

Eightcap

8.6/10· Trustpilot 4.1 (3,898 reviews)

Raw-spread broker with strong crypto CFD range

Min Dep

$100

Spread

0.0 pips

Leverage

1:500

Affiliate link - see our Methodology

23

Swissquote

8.5/10· Trustpilot 3.4 (4,256 reviews)

Swiss bank offering forex and multi-asset trading

Min Dep

$0

Spread

0.0 pips

Leverage

1:100

Affiliate link - see our Methodology

24

Global Prime

8.2/10· Trustpilot 4.7 (558 reviews)

Execution-transparency focused Australian broker

Min Dep

$0

Spread

0.03 pips

Leverage

1:1000

Affiliate link - see our Methodology

25

IC Markets

Featured

8.1/10· Trustpilot 4.8 (56,055 reviews)

Raw spreads for serious traders

Min Dep

$200

Spread

0.0 pips

Leverage

Up to 1:5000 (entity dependent)

Affiliate link - see our Methodology

26

XTB

Featured

8.1/10· Trustpilot 3.6 (2,819 reviews)

Trusted since 2002

Min Dep

$0

Spread

0.5 pips

Leverage

1:500

Affiliate link - see our Methodology

27

XM

Featured

8.0/10· Trustpilot 2.1 (3,130 reviews)

10M+ clients, 190+ countries

Min Dep

$5

Spread

0.6

Leverage

1:1000 (equity dependent)

CySEC ASIC IFSC

Affiliate link - see our Methodology

28

easyMarkets

7.7/10· Trustpilot 4.3 (1,929 reviews)

Fixed spreads with built-in risk tools

Min Dep

$25

Spread

0.9 pips

Leverage

1:400

ASIC CySEC BVIFSC

Affiliate link - see our Methodology

29

Deriv

7.6/10· Trustpilot 4.3 (73,060 reviews)

Synthetic indices and multipliers alongside standard FX CFDs

Min Dep

$5

Spread

0.5 pips

Leverage

Up to 1:1000 (entity dependent)

Affiliate link - see our Methodology

30

Trading 212

7.4/10· Trustpilot 4.6 (102,100 reviews)

Commission-free investing plus CFDs

Min Dep

$1

Spread

0.6 pips

Leverage

1:30

Affiliate link - see our Methodology

31

BDSwiss

6.1/10· Trustpilot 2.0 (2,836 reviews)

European-founded CFD broker with tiered account pricing

Min Dep

$10

Spread

0.3 pips

Leverage

Up to 1:2000 (entity dependent)

Affiliate link - see our Methodology

Affiliate link - see our Methodology

Top brokers compared

Swipe sideways to see every column.

#	Broker	BrokaBoy score	Listed min deposit	Advertised spread	Leverage	Platforms
1	HFM	9.7/10	$0	0.0 pips	1:2000 (entity dependent)	MT4, MT5, HFM App
2	Exness	9.0/10	$10	0.0 pips	1:2000	MT4, MT5, Exness Terminal
3	IG	9.0/10	$0	0.6 pips	Up to 1:30 (retail, UK/EU)	IG Web Platform, ProRealTime, MT4
4	Admirals	8.9/10	$100	0.0 pips	Up to 1:500 (entity dependent)	MT4, MT5, MetaTrader Supreme Edition
5	ThinkMarkets	8.9/10	$0	0.0 pips	Up to 1:500 (entity dependent)	MetaTrader 4, MetaTrader 5, ThinkTrader
6	Vantage Markets	8.9/10	$50	0.0 pips	Up to 1:500 (entity dependent)	MT4, MT5, TradingView
7	Moneta Markets	8.7/10	$50	0.0 pips	1:1000	MetaTrader 4, MetaTrader 5, AppTrader
8	FP Markets	8.6/10	$100	0.0 pips	1:500	MetaTrader 4, MetaTrader 5, cTrader
9	FxPro	8.3/10	$100	0.3	1:500	MetaTrader 4, MetaTrader 5, cTrader
10	FXTM	8.2/10	$100	0.0 pips	Up to 1:5000 (entity dependent)	MT4, MT5, FXTM Trader app

Regulation in South Africa

FSCA: Financial Sector Conduct Authority is the local authority in our catalogue. The FSCA is South Africa's market conduct regulator for financial institutions, licensing derivative providers under the FAIS Act with a focus on fair treatment of customers.

Listed protections: ODP licensing for derivative providers; Treating Customers Fairly conduct standards; Client fund segregation requirements; Ombud for Financial Services Providers for disputes; Ongoing fit-and-proper testing of key personnel.

Frequently asked questions

Which broker has the lowest listed minimum deposit in South Africa?+

HFM has the lowest listed minimum deposit in this group at $0. Confirm current terms with the broker.

Which is the highest-scoring broker available in South Africa?+

HFM has the highest BrokaBoy score in this filtered group at 9.7/10. The score is calculated from advertised catalogue data; see our methodology.

How many FSCA-regulated brokers are listed?+

17 matching brokers hold a FSCA licence in our catalogue.

Is forex trading legal in South Africa?+

Rules and access can change. This guide does not provide legal advice. Check the relevant local authority and the broker's regulated entity before opening an account in South Africa.

Related pages

FSCA regulator guide Best brokers in Kenya Best brokers in Nigeria Best brokers in United Arab Emirates Best cTrader brokers Best MetaTrader 4 brokers Best MetaTrader 5 brokers Brokers with a $100 minimum deposit or less Brokers with a $200 minimum deposit or less Admirals vs HFM Admirals vs Exness Admirals vs ThinkMarkets Admirals vs FXTM Admirals vs Tickmill Forex in South Africa: all guides