Forex & CFD brokers in South Africa (2026)

By the Rateweb editorial team · How we rate · Product details checked 18 Jul 2026

WARNING: Forex and CFD trading is complex and high-risk — most retail traders lose money, and you can lose more than you deposit. Only trade with money you can afford to lose, and only with an FSCA-regulated broker. This compares regulated brokers on regulation, platforms and cost — not a recommendation to trade.

🧮 Working out position sizes? Try XM's free forex calculators — pip value, margin and swaps. Sponsored; CFDs are high-risk.

🏆 Our top picks
Best for new traders XM ★ 4.5/5 — see why ↓ Best regulated IG ★ 4.4/5 — see why ↓ Best for low spreads Exness ★ 4.2/5 — see why ↓ Best local broker Khwezi Trade ★ 4.0/5 — see why ↓

⭐ Ratings & awards are Rateweb's independent editorial opinion — how we rate.

🎯 Not sure which is right for you? Get a personalised plan ranked for your situation. Get my plan →
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9 results
🏆 Best regulated FSCA-regulated

IG

A large, well-regulated global broker with a strong platform and research.
★★★★☆
4.4/5 · How we rate
Regulation4.8
Platform4.5
Cost4.1
Support4.4
FSCA + global
Regulation
Own + MT4
Platform
1
Fsca
Pros
  • Strongly regulated (incl. FSCA)
  • Excellent platform and research
  • Wide market range
Cons
  • High-risk leveraged product — most retail traders lose money. Only with money you can afford to lose.
  • Not the lowest spreads
Fees, eligibility & documents
Eligibility
  • 18+ and FICA verification
  • Understand the high risk of CFDs
  • Trade only with money you can afford to lose
Learn more
🏆 Best for low spreads

Exness

A large global broker popular in SA for low spreads and fast execution.
★★★★☆
4.2/5 · How we rate
FSCA + global
Regulation
MT4 / MT5
Platform
1
Fsca
Pros
  • Competitive spreads
  • Fast execution
  • MT4/MT5 support
Cons
  • High-risk leveraged product — most retail traders lose money. Only with money you can afford to lose.
  • Do your own regulation checks
Fees, eligibility & documents
Eligibility
  • 18+ and FICA verification
  • Understand the high risk of CFDs
  • Trade only with money you can afford to lose
Learn more
🏆 Best for new traders Rateweb partner

XM

A large, FSCA-regulated global broker popular with new traders — low minimum deposit, strong education and MT4/MT5.
★★★★★
4.5/5 · How we rate
FSCA + global
Regulation
MT4 / MT5
Platform
Low
Min Deposit
1
Fsca
Pros
  • Low minimum deposit and tight spreads
  • FSCA-regulated with strong trader education
  • MT4/MT5 plus a wide instrument range
Cons
  • Forex/CFDs are high-risk — most retail traders lose money
Open account Sponsored

AvaTrade

An established multi-regulated broker with a range of platforms.
★★★★☆
4.1/5 · How we rate
FSCA + global
Regulation
MT4 / MT5 + own
Platform
1
Fsca
Pros
  • Multi-regulated, incl. FSCA
  • Range of platforms
  • Good education
Cons
  • High-risk leveraged product — most retail traders lose money. Only with money you can afford to lose.
  • Inactivity fees apply
Fees, eligibility & documents
Eligibility
  • 18+ and FICA verification
  • Understand the high risk of CFDs
  • Trade only with money you can afford to lose
Learn more

FXTM (ForexTime)

A broker with a strong African presence and educational focus.
★★★★☆
4.0/5 · How we rate
FSCA + global
Regulation
MT4 / MT5
Platform
1
Fsca
Pros
  • FSCA-regulated
  • Strong education
  • MT4/MT5
Cons
  • High-risk leveraged product — most retail traders lose money. Only with money you can afford to lose.
  • Spreads vary by account
Fees, eligibility & documents
Eligibility
  • 18+ and FICA verification
  • Understand the high risk of CFDs
  • Trade only with money you can afford to lose
Learn more

Tickmill

A low-cost broker known for tight spreads and low commissions.
★★★★☆
4.0/5 · How we rate
FSCA + global
Regulation
MT4 / MT5
Platform
1
Fsca
Pros
  • Low costs
  • FSCA-regulated
  • MT4/MT5
Cons
  • High-risk leveraged product — most retail traders lose money. Only with money you can afford to lose.
  • Fewer extras
Fees, eligibility & documents
Eligibility
  • 18+ and FICA verification
  • Understand the high risk of CFDs
  • Trade only with money you can afford to lose
Learn more
🏆 Best local broker

Khwezi Trade

A South African FSCA-regulated broker with local support.
★★★★☆
4.0/5 · How we rate
FSCA (SA)
Regulation
MT4 / MT5
Platform
1
Fsca
Pros
  • South African and FSCA-regulated
  • Local support and ZAR accounts
  • MT4/MT5
Cons
  • High-risk leveraged product — most retail traders lose money. Only with money you can afford to lose.
  • Smaller than global brokers
Fees, eligibility & documents
Eligibility
  • 18+ and FICA verification
  • Understand the high risk of CFDs
  • Trade only with money you can afford to lose
Learn more

Pepperstone

An award-winning broker known for low spreads and fast execution.
★★★★☆
4.2/5 · How we rate
FSCA + global
Regulation
MT4 / MT5 / cTrader
Platform
1
Fsca
Pros
  • Very competitive spreads
  • Fast execution, MT4/MT5/cTrader
Cons
  • High-risk leveraged product — most retail traders lose money
Open account

Trive (SA)

A South African FSCA-regulated broker (formerly GT247) with local support and ZAR accounts.
★★★★☆
4.0/5 · How we rate
FSCA (SA)
Regulation
MT4 / own
Platform
1
Fsca
Pros
  • Local, FSCA-regulated
  • ZAR accounts and local support
Cons
  • High-risk leveraged product — most retail traders lose money
Open account
📖 Want the full picture? Best Forex Brokers in South Africa: Regulated Brokers Compared — our in-depth editorial guide. Read the guide →

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.

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