Forex Brokers in South Africa

These are the best forex brokers available to South African traders that we put together as a guide. These are all trusted interational brokers which take South African accounts and deposits. While what brokers offer traders are very similiar at the core, there are a couple areas that set them apart.

If I were new to trading and choosing from this list, I would look to see if a broker takes low deposits, if the broker has social trading in a web-based application, if the broker charges commissions on the trades and also the bonuses that each of them offers first time depositers. You can always sign up and use the demo accounts to find which setup you prefer before depositing.

Great Brokers Have:

  • Transparent account processes
  • Clear account closure procedures
  • No hidden costs or fees
  • Low deposit amounts
  • Demo accounts available
  • Easy to use software platforms
  • Strong security ratings
  • Low Commission on Trades
Etoro Forex Broker
  • 100% Commissions free trades
  • Social trading to see, follow and copy pro traders
  • Web-based trading platform
  • 1.5 Million Registered Users
Easy Forex
  • Low Minimum Deposits
  • Visual trading web-based platform
  • No hidden costs or fees
Trading Point
  • Trade forex, commodities and CFDs
  • Quick deposits/withdrawals even in South Africa
  • 20% first deposit bonus and 10% bonus on all subsequent deposits
  • Trading Online Since 2003.
  • Tight spreads, low margins, zero commissions.
  • Leverage up to 1:400.
  • Up to 25% first deposit reward.
Ava FX Forex Broker
  • Trade currency pairs and metals
  • Rich trading environment
  • Bonuses offered for new sign-ups

While you are searching for the best Forex brokers available, be sure that you always read over any of the paperwork, taking care to notice the fine print. By knowing exactly what you are signing up for, including conditions and fees, will help you to make an informed decision. The last thing you will want is to get hit with unexpected expenses or confusion down the road.

Lots of people who are involved in trading will find that the best Forex brokers will offer a decent amount of support for their clients. Being readily available by email, telephone or both will help to set your mind at ease should you have any questions or concerns. All too often there are traders who will find themselves overwhelmed or frustrated when they are unable to generate a response from their broker after several attempts.

You know that as you are looking for a broker that you want to find one that has a relatively decent amount of experience in all areas of trading. Take the time to talk with a potential broker about experiences of the past and find out what level of involvement you can expect if you decide to develop a working relationship. Be sure to ask clients about commission and what they can offer you in terms of a spread. It goes without saying that you need to make sure that your professional relationship with your Forex broker does not get in the way of the trading budget that you have to work with.

As you find yourself looking for the best Forex brokers, you are more than likely to see a wide range in offers. You really have to pick a broker based on your budget, overall experience that the broker has and your level of comfort you have with them upon introducing yourself. Only then will you find the absolute best broker to fit your needs as you get involved with Forex trading.