— Forex Trading in South Africa is popular among residents. While recommended, forex brokers are not required to become authorized by the Financial Sector Conduct Authority (FSCA) to accepts residents of South Africa as customers.

The Financial Sector Conduct Authority is the financial regulatory body in South Africa. Website: https://www.fsca.co.za. We recommend South African residents also follow the FSCA on Twitter, https://twitter.com/fsca_za.

The FSCA was established in 2018 as the successor to the Financial Services Board (FSB). The FSB had previously regulated South Africa since 1990. For a historical breakdown, here's a link to the Financial Services Board webpage on Wikipedia.

Best Forex Brokers in South Africa

To find the best forex brokers in South Africa, we have created a list of all the best forex brokers that accept new customers from South Africa. We have also ranked the best forex list brokers by their Trust Score.

Here is our list of the best forex brokers in South Africa.


Best forex broker in Soth africa 2021


»  Exness - World first forex broker that allows automatic withdrawal
»  Saxo Bank - Best VIP client experience
»  IG - Best Overall Broker 2020
»  Swissquote - Best banking services
»  Plus500 - Best for beginners overall
»  Interactive Brokers - Best for professionals
»  FOREX.com - Great platforms and pricing
»  City Index - Excellent all-around offering
»  AvaTrade - Multiple copy trading platforms
»  FXCM - Well-rounded offering

South Africa's Best Forex Brokers Comparison

—  Compare South Africa authorized forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. 

South Africa's Best Forex Brokers Comparison

United Arab Emirates Forex Brokers Comparison


How to Verify FSCA Authorisation

—  To identify if a forex broker is authorized by the FSCA, the first step is to identify the FSP registration number from the disclosure text at the bottom of the broker's homepage. For example, here's the key disclosure text from IG’s website,

IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance

— Next, look up the FSP number on the financial register available on the FSCA’s website to validate that the broker is currently authorized in South Africa.

More Forex Guides

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Exness forex broker
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What are the best forex brokers in South Africa?

— Pepperstone ⇒  ECN broker, ultra-low spreads
Exness - Best in all aspects 
— eToro ⇒ best broker for Forex, Oil, Bitcoin trading
— XM ⇒ Low spread broker, MT4/MT5, leverage 888:1
— XTB ⇒ best CFD platform (winner of 2018)
— IQ OPTION – best platform for fx binary options
— HotForex
— Avatrade
— IG
— Swissquote

WORLD'S THE BEST FOREX BROKER AWARD WINNER 


Best forex broker award 2021


  • — True ECN Broker = tight spreads + lightning fast!
  • Perfect for both beginners and advanced traders
  • —DFSA Licensed
  • — Competitive spreads starting from 0.0 Pips
  • — 185 currency pairs available
  • up to 1:500 max leverage (under ASIC)
  • — Award-winning Metatrader4 (MT4), cTrader
  • — Very popular forex company in UAE
  • —Probably the Best Islamic forex account
  • — 24 Hours Monday-Friday Arabic language customer support
  • — $50 Minimum deposit 
  • — Regulated by London UK (FCA), Australian ASIC
  • Safe deposits in segregated accounts + fast withdrawals
  • Solid online trading platform (no price requotes / no freezing)
  • — Read our Exness review here
  • — Forex Trading+Real Stocks+Cryptocurrencies+Commodities+Indices+ETFs