Forex Brokers in South Africa and especially the forex trading industry, are growing rapidly. One of the reasons is that the country’s economy is rapidly growing, and thus the demand for financial services increases as well. Another reason is probably the rising regulatory pressure upon forex brokers in Europe, urging them to seek new markets to expand. That is why a number of forex brokers have established operations in South Africa.

The South African market has huge potential for forex brokers in South Africa and related services. It is considered to be the most economically developed country in Africa, and is the only country from the continent that is part of the G20. Its financial, legal, and its communications sectors are well-developed and advanced. What is more, the South African JSE Limited is the largest stock exchange in Africa and among the top 20 in the world.

The Financial Sector Conduct Authority (FSCA) oversees the non-banking financial services industry, which includes collective investment schemes and financial advisors and brokers. It is mostly in charge of the licensing process of financial service providers On of the main responsibilities is to also ensure that the regulated entities comply with the relevant legislation and the capital adequacy requirements in order to protect the investing community. Moreover, the FSCA has enforcement powers to deal with breaches through the enforcement committee, and also runs a customer complaints service, the Office of the Ombud for Financial Services Providers.

Another African country with a booming forex trading industry, that attracts a lot of forex brokers, is Nigeria.

 

South Africa Forex Brokers List

 

Forex Broker
Regulation
Min. Deposit
Leverage
Start Trading
FXTM
FXTM

CySEC, FCA,
FSCA, IFSC

$/€/£ 5

1:1000


Review
AAATrade
AAATrade

CySEC

$/€/£ 500

1:200


Review
Activtrades
ActiveTraders

FCA

$/€/£ 100

1:400


Review
Admiral Markets
Admiral Markets

FCA, CySEC, EFSA

$/€/£ 200

1:500


Review
ADS Securities
ADS Securities

UAE Central Bank,
FCA, SFC

$/€/£ 100

1:500


Review
Aetos
AETOS

ASIC, FCA

$/€/£ 250

1:400


Review
Alpari
Alpari

FSC

$/€/£ 5

1:1000


Review
Alvexo
Alvexo

CySEC

$/€/£ 500

1:300


Review
Amana Capital
Amana Capital

FCA, CySEC, DFSA

$/€/£ 50

1:500


Review
Avatrade
Avatrade

Bank of
Ireland,
ASIC, JFSA,
FSCA

$/€/£ 250

1:400


Review
AxiTrader
AxiTrader

ASIC, FCA

$/€/£ 0

1:400


Review
Ayondo
Ayondo

BaFIN, FCA

$/€/£ 100

1:200


Review
BDSwiss
BDSwiss

CySEC, FSC

$/€/£ 200

1:400


Review
CityIndex
CityIndex

FCA

$/€/£ 100

1:400


Review
CMC Markets
CMC Markets

FCA, ASIC,
FMA, IIROC,
MAS

$/€/£ 0

1:30


Review
CMTrading
CMTrading

FSCA

$/€/£ 200

1:200


Review
Core Spreads
Core Spreads

FCA

$/€/£ 0

1:200


Review
Darwinex
DarWinex

FCA

$/€/£ 500

1:200


Review
Dukascopy
Dukascopy

FINMA

$/€/£ 1000

1:200


Review
easyMarkets
easyMarkets

CySEC, ASIC

$/€/£ 100

1:30


Review
EightCap
EightCap

ASIC

$/€/£ 100

1:500


Review
Etoro
Etoro

CySEC,FCA,
ASIC

$/€/£ 200

1:30


Review
ETX Capital
ETX Capital

FCA

$/€/£ 100

1:30


Review
EverFX
EverFX

CySEC

$/€/£2 50

1:30


Review
Exness
Exness

CySEC, FCA

$/€/£ 1

1:200


Review
FBS
FBS

IFSC, CySEC

$/€/£ 100

1:3000


Review
FIBO Group
FIBO Group

FSC, CySEC

$/€/£ 0

1:1000


Review
Forex.com
Forex.com

FCA, IIROC,
ASIC, CFTC

$/€/£ 50

1:200


Review
Fortrade
Fortrade

FCA

$/€/£ 100

1:100


Review
FP Markets
FP Markets

ASIC

$/€/£ 200

1:400


Review
FXCC
FXCC

CySEC

$/€/£ 500

1:200


Review
FXCM
FXCM

ASIC, FCA

$/€/£ 50

1:200


Review
FXDD
FXDD

MFSA

$/€/£ 100

1:100


Review
FXGlory
FXGlory

BoG

$/€/£ 1

1:3000


Review
FxGrow
FXGrow

CySEC ng>


$/€/£ 100

1:200


Review
FXOpen
FXOpen

FCA

$/€/£ 1

1:500


Review
FXPrimus
FXPrimus

CySEC, FSCA,
VFSC

$/€/£ 100

1:200


Review
FXPro
FXPro

FCA, CySEC,
SCB, FSCA,
DFSA

$/€/£ 500

1:500


Review
GKFX
GKFX

FCA

$/€/£ 20

1:400


Review
Halifax
Halifax

ASIC

$/€/£ 0

1:500


Review
HotForex
HotForex

CySEC

$/€/£ 50

1:500


Review
HYCM
HYCM

FCA, CySEC

$/€/£ 100

1:200


Review
IC Markets
IC Markets

ASIC

$/€/£ 200

1:500


Review
IFC Markets
IFC Markets

CySEC,
BVI FSC

$/€/£ 1

1:400


Review
IG
IG Group

FCA, ASIC,
CFTC, FINMA,
MAS, JFSA, DIFC

$/€/£ 250

1:30


Review
Instaforex
InstaForex

CySEC, FSC

$/€/£ 1

1:1000


Review
Interactive Brokers
Interactive Brokers

US SEC & CFTC,
ASIC, FCA

$/€/£200

1:400


Review
JFD Brokers
JFD Brokers

CySEC, FCA,
BaFIN,
CONSOB

$/€/£ 500

1:400


Review
London Capital Group
London Capital Group

FCA, CySEC

$/€/£ 0

1:500


Review
Libertex
Libertex

CySEC

$/€/£ 10

1:500


Review
Markets.com
Markets.com

CySEC

$/€/£ 100

1:300


Review
OANDA
OANDA

FCA, MAS,
ASIC, IIROC

$/€/£ 0

1:50


Review
Orbex
Orbex

CySEC

$/€/£ 500

1:500


Review
Pepperstone
Pepperstone

FCA, ASIC

$/€/£200

1:200


Review
Plus500
Plus500

FCA, CySEC,
ASIC, MAS

$/€/£ 100

1:30


Review
Rakuten Securities
Rakuten Securities

ASIC,
SFC

$/€/£ 50

1:200


Review
RoboForex
RoboForex

CySEC, IFSC

$/€/£ 10

1:1000


Review
RubixFX
RubixFX

ASIC

$/€/£ 200

1:400


Review
Saxo Bank
Saxo Bank

FSA, MiFID

$/€/£ 2000

1:100


Review
Spread Co
Spread Co

FCA

$/€/£ 500

1:200


Review
Spreadex
Spreadex

FCA

$/€/£ 0

1:200


Review
SVSFX
SVSFX

FCA

$/€/£ 100

1:400


Review
Swissquote
Swissquote

FINMA, FCA,
MFSA, SFC,
DFSA

$/€/£ 1000

1:100


Review
Tickmill
Tickmill

FCA, FSA,
CySEC

$/€/£ 25

1:200


Review
TradeMax
TradeMax

ASIC

$/€/£ 1000

1:400


Review
Tradersway
TradersWay

Not
Regulated

$/€/£ 0

1:1000

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Review
trade.com
Trade.com

CySEC, MiFID

$/€/£ 100

1:300


Review
Trading 212
Trading 212

FCA

$/€/£ 100

1:300


Review
UFX
UFX

CySEC, FCA,
FSA,
CNMV, BaFIN

$/€/£ 100

1:400


Review
USGFX
USGFX

ASIC

$/€/£ 100

1:500


Review
Valutrades
Valutraders

FCA

$/€/£ 50

1:500


Review
Vantage FX
Vantage FX

ASIC

$/€/£ 200

1:500


Review
Windsor Brokers
Windsor Brokers

CySEC, IFSC

$/€/£ 500

1:50


Review
XM
XM

CySEC,
FCA, ASIC

$/€/£ 5

1:500


Review
XOpen Hub
XOpen Hub

FCA

$/€/£ 100

1:200


Review
XTB
XTB

FCA

$/€/£ 250

1:200


Review
XTrade
XTrade

CySEC, IFSC

$/€/£ 200

1:30


Review
ForexChief
ForexChief

VFSC g>

$/€/£ 1

1:400


Review
Grand Capital
Grand Capital

CRFIN, KROUFR

$/€/£ 10

1:2000


Review
Amarkets
Amarkets

SVGFSA

$/€/£ 1

1:500


Review