Best Brokers South Africa 2023

List with the best forex brokers for South Africa's clients in 2023, sorted by regulatory rating.  Verify the regulatory ratings of each broker to find out how strongly a broker is regulated. Check out the popularity of each broker with other traders, based on their services and products offering. Comapre the minimum account deposit required and the maximum available leverage. Compare the available trading platforms (including the most popular MT4, MT5, cTrader) and which brokers are offering cent accounts (great for beginners or traders with low investments). Confirm which brokers allow scalping, their execution model (ECN, STP, MM) and the available asset classes (including FX, metals and cryptocurrencies).

Broker Regulatory rating Popularity Minimum deposit Maximum leverage Trading platforms Cent accounts Scalping allowed Execution model Asset classes 02268bc3-068d-4c66-b63e-d975d0adb2b9
Axi
5.0 Excellent
4.0 Good
0 500
MT4 WebTrader
STP
Futures Forex Shares Indices Oil/Energies Cryptocurrencies +3 More
2efaac11-06fe-40f8-8ab0-7e2b6a9c17f4
Eightcap
5.0 Excellent
4.4 Good
100 500
MT4 MT5 WebTrader
MM
Forex Shares Indices Oil/Energies Cryptocurrencies Metals
21627b55-ba80-4ca6-a6d8-7b80a3cc6455
HFM
5.0 Excellent
5.0 Excellent
0 2000
MT4 MT5 WebTrader
MM
Futures Forex Shares Indices Bonds Oil/Energies +4 More
79c83c36-e3cc-4bd6-abac-9f5bf784f283
IC Markets
5.0 Excellent
5.0 Excellent
200 500
MT4 MT5 WebTrader cTrader
ECN ECN/STP STP
Futures Forex Shares Indices Bonds Oil/Energies +3 More
4284edcb-439a-46e9-a475-2726025e5755
OQtima
5.0 Excellent
3.5 Good
20 500
MT4 MT5
ECN/STP
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
5195839a-3e43-4d01-8e1b-f21b8aaea36c
Tickmill
5.0 Excellent
5.0 Excellent
100 500
MT4 MT5 WebTrader
STP STP DMA NDD
Futures Forex Shares Indices Bonds Oil/Energies +2 More
7c79172f-3534-4f8f-9336-667daa4907dc
XM (xm.com)
5.0 Excellent
4.8 Excellent
5 1000
MT4 MT5 WebTrader
MM
Futures Forex Indices Oil/Energies Metals Soft Commodities (coffee, sugar...)
2e4d35d0-8e18-489b-b69b-99112366106d
VT Markets
4.0 Good
4.3 Good
100 500
MT4 MT5 WebTrader
STP NDD ECN
Forex Shares Indices Bonds Oil/Energies Metals +2 More
de83833c-3004-45b9-8969-18be94daee71
Exness
3.0 Average
4.5 Excellent
1 0
MT4 MT5 WebTrader
MM
Forex Shares Indices Oil/Energies Cryptocurrencies Metals
9589c9a6-c51e-40d1-9328-b0125b7a1d23
FXGT.com
3.0 Average
4.5 Excellent
5 1000
MT4 MT5 WebTrader
MM
Forex Shares Indices Oil/Energies Cryptocurrencies Metals
3673398a-12cc-4fe6-b70b-c5129b432f22
Titan FX
2.0 Below Average
4.1 Good
200 500
MT4 MT5 WebTrader
ECN STP
Forex Indices Oil/Energies Metals Soft Commodities (coffee, sugar...)
201f6cba-9dd2-427e-b833-474a60722b37
ActivTrades
5.0 Excellent
4.3 Good
250 0
MT4 MT5
Forex Shares Indices Oil/Energies Metals Soft Commodities (coffee, sugar...)
114fc155-13f7-4a76-b3af-b9c073979014
Alchemy Markets
5.0 Excellent
3.0 Average
0 0
MT4
Forex Shares Indices Bonds Oil/Energies Cryptocurrencies +2 More
a3f2c6a2-685a-42e7-9020-d7266cf05fd3
Amana Capital
5.0 Excellent
2.2 Below Average
50 0
MT4 MT5
Forex Shares Indices Oil/Energies Metals Soft Commodities (coffee, sugar...)
61552e2c-9d7a-4642-aafd-625d729fa072
AvaTrade
5.0 Excellent
4.4 Good
100 400
MT4 MT5
MM
Futures Forex Shares Indices Bonds Oil/Energies +4 More
3966801b-7d47-428c-8d14-e1d76578aa28
Capex
5.0 Excellent
4.4 Good
100 0
MT5 WebTrader
Forex Shares Indices Bonds Oil/Energies Cryptocurrencies +2 More
a902af14-88e8-4f59-9721-637dba975c07
Core Spreads
5.0 Excellent
1.7 Below Average
1 0
MT4
Forex Shares Indices Bonds Oil/Energies Cryptocurrencies +2 More
379eb962-1bc4-4fec-9086-95f7fcf7f082
CPT Markets
5.0 Excellent
1.0 Poor
0 0
MT4
Forex Shares Indices Oil/Energies Metals Soft Commodities (coffee, sugar...)
8f36dbcd-f1a6-409d-a361-417d1809851b
Doto
5.0 Excellent
3.0 Average
775bb2ba-57ac-4276-8069-a046c663e4e4
Errante
5.0 Excellent
3.6 Good
50 500
cTrader MT4 MT5
MM
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
fda1bf15-ca2f-47d6-9964-b51fa2ef173e
eXcentral
5.0 Excellent
2.2 Below Average
250 0
MT4
Forex Shares Indices Oil/Energies Cryptocurrencies Metals
9d425424-0f18-4594-9143-1dc1cb9ce616
FBS
5.0 Excellent
4.5 Excellent
1 3000
MT4 MT5 Proprietary
NDD/STP
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
f64294ea-4023-45ad-936c-7a947ef107cb
FXCM
5.0 Excellent
4.4 Good
0
MT4 Proprietary
Futures Forex Shares Indices Oil/Energies Cryptocurrencies +1 More
601be9d5-fdd2-452b-b9b5-1b8e598e8049
FXDD Trading
5.0 Excellent
4.0 Good
0 500
MT4 MT5 WebTrader
MM ECN/STP
Forex Shares Indices Oil/Energies Cryptocurrencies Metals
a94db1c9-252e-4983-b8de-bc0d6d87d5e5
FXGM
5.0 Excellent
2.3 Below Average
200 0
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
63143f24-8700-4296-af9d-061bb9141d2e
FxPro
5.0 Excellent
4.5 Excellent
100 200
MT4 WebTrader cTrader MT5 Proprietary
NDD
Futures Forex Shares Indices Oil/Energies Cryptocurrencies +3 More
115334fa-4b5b-42ef-8922-79bbb24ea125
FXTM (Forextime)
5.0 Excellent
4.5 Excellent
10 2000
MT4 WebTrader MT5
MM ECN
Forex Shares Indices Oil/Energies Metals Soft Commodities (coffee, sugar...)
9dbf29d4-8ab6-4a10-bcd2-f6e9edbcbe00
GO Markets
5.0 Excellent
4.1 Good
200 500
MT4 MT5 WebTrader
ECN/STP
Forex Shares Indices Oil/Energies Cryptocurrencies Metals
ba28cbdd-811d-45fc-ac86-0f84a2b3754d
HYCM
5.0 Excellent
3.8 Good
100 0
MT4 MT5
Forex Shares Indices Cryptocurrencies Metals Soft Commodities (coffee, sugar...)
a93b9a49-1c0d-48ff-ab0b-00bdac4da225
IG (ig.com)
5.0 Excellent
4.5 Excellent
250 50
MT4
MM
Forex
2a205976-b0f7-4e3c-a999-2037944a2ed1
INFINOX
5.0 Excellent
3.9 Good
1 1000
MT4 MT5 WebTrader
STP ECN
Forex Indices Oil/Energies Cryptocurrencies Metals Soft Commodities (coffee, sugar...)
56dc2210-fbb4-42ba-bbec-11bae13e4872
Markets.com
5.0 Excellent
4.2 Good
100 200
MT4 WebTrader
MM
Forex Indices
1109012c-49b4-44f7-8ea4-8682200ebcb3
One Financial Markets
5.0 Excellent
3.6 Good
250 0
MT4 MT5
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
7f3ee4ac-14fc-4e70-9d97-215e3dd5be03
Orbex
5.0 Excellent
4.0 Good
200 500
MT4
NDD
Forex Shares Indices Oil/Energies Metals
d1f5e680-d623-4400-a855-0426168e8ff2
Pepperstone
5.0 Excellent
4.0 Good
200 200
cTrader MT4 MT5
ECN/STP NDD
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +2 More
111be58d-2b0f-47d7-9a7c-42ef1efceefe
Plus500
5.0 Excellent
2.0 Below Average
100 300
Proprietary
MM
Forex Shares Oil/Energies Cryptocurrencies Metals Soft Commodities (coffee, sugar...)
f9d9adbb-1080-4d4b-809b-87c845b3e9ca
SwissQuote
5.0 Excellent
4.5 Excellent
0 0
MT4 MT5
Forex Shares Indices Bonds Oil/Energies Cryptocurrencies +2 More
32a5e26a-09be-4105-95a2-232b55185630
ThinkMarkets
5.0 Excellent
4.0 Good
0 0
MT4 MT5 Proprietary
MM NDD
Futures Forex Shares Indices Oil/Energies Cryptocurrencies +4 More
41e5b395-410c-4b52-9b98-4125df99b87e
Trade
5.0 Excellent
4.0 Good
100 0
MT4 WebTrader
Forex Shares Indices Bonds Oil/Energies Metals +1 More
e5dd90b1-3157-423b-8e34-7782997b8457
Velocity Trade
5.0 Excellent
3.2 Average
0 0
Forex Indices Oil/Energies Metals Soft Commodities (coffee, sugar...)
07b365fa-194a-4601-9cfe-6fcbedd7b2a0
Windsor Brokers
5.0 Excellent
4.3 Good
100 500
MT4 WebTrader
MM
Forex Indices Oil/Energies Metals
da4c53c9-4214-421d-a9e9-515f802d3a29
XTB
5.0 Excellent
4.5 Excellent
1 0
MT4
Forex Shares Indices Bonds Oil/Energies Cryptocurrencies +2 More
c66d8647-6c48-473c-b181-e409eb6fddc6
Onepro
4.0 Good
3.5 Good
63be40ee-0b0e-4217-89fe-3973bd3ab91b
Phillip Capital
4.0 Good
2.1 Below Average
33916c7f-d3ba-46ee-9121-563231bda7aa
Xtrade
4.0 Good
4.0 Good
250 0
WebTrader
Forex Shares Indices Bonds Oil/Energies Cryptocurrencies +2 More
a94e28ae-ce57-410c-a8bd-31346de8e013
Capital Index
3.0 Average
3.5 Good
100 0
MT4
Forex Indices Oil/Energies Metals
7c4970e2-73cb-4e1c-b2b1-98638457beb2
CM Trading
3.0 Average
4.4 Good
250 0
MT4
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
989162f6-51bc-4900-94ba-8909ea609e4e
Evest
3.0 Average
4.3 Good
250 0
MT5 WebTrader
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
86242e16-3ee0-4b1f-9b23-d93743f93bde
FBK Markets
3.0 Average
4.2 Good
27634dcc-680a-41ef-b5a6-d573e613470d
FX Primary
3.0 Average
1.2 Poor
10 0
MT4
Forex Shares Indices Oil/Energies Cryptocurrencies Metals +1 More
9dbf0be5-d718-40fc-8a17-05a0fbc45348
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