Nangungunang 5 Pinakamahusay na Forex Broker Sa South Africa ✅ (2024)

If you're interested in trading forex in South Africa, it's important to choose a reputable and reliable broker. With so many options available, it can be overwhelming to make a decision. That's why we've compiled a list of the best forex brokers in South Africa for 2024, complete with key features and benefits to help you make an informed choice.

Pinakamahusay na Forex Brokers South Africa

To find the best forex brokers in South Africa, we created a list of all brokers that accept new account from South African traders and ranked them by their Overall ranking, calculated during our in-depth annual review of forex brokers.

Here is our list of the top 5 best forex brokers in South Africa:

1. XM– Best for Zar account with minimum deposit.
2. HFM – Low-cost forex broker with local regulation
3. derivative -Best broker for trading synthetic indices like Boom & Crash
4. Exness – Popular local broker with low fees and Zar account
5. FBS – Good Option for beginners

1. XM

XM Group is a popular forex broker in South Africa, offering a range of trading instruments including forex, stocks, commodities, and cryptocurrencies.

They are regulated by multiple authorities including the Financial Sector Conduct Authority (FSCA) and offer competitive spreads and low fees. XM Group also offers a range of educational resources and market analysis to help traders make informed decisions.

With a user-friendly interface and excellent customer support, XM Group is a top choice for forex trading in South Africa.

XM Sa Isang Sulyap

🔎Pangalan ng Broker	XM Group
🏡 Headquarters	UK
📆 Year Founded	2009
⚖ Mga Awtoridad na Nagre-regulate	FCA, IFSC, CySec, ASIC
🧾Mga Uri ng Account	Micro Account; Karaniwang account; Napakababang Account; Shares Account
🎁 Bonus	Oo, $30
💸 Fees	Mababa
💸 Spreads	kumakalat mula 0.6 hanggang 1.7 pips
💸 Commission	kalakalang walang komisyon depende sa napiling account
🏋🏾‍♀️ Maximum Leverage	1:1000
💳 Pinakamababang Deposito	$5/ R70
💳 Mga Opsyon sa Deposit at Withdrawal	Transfer ng Wire ng Bangko Transfer sa Lokal na Bangko Mga Credit / Debit Card Neteller Skrill, at higit pa.
🖥 Platform	MT4 at MT5
🧾 Zar Account	Oo
📊 Tradable assets offered	Forex, commodities, cryptocurrency, shares, indexs, metals, energies, options, bonds, CFDs, at ETFs
🗣 Customer Support & Website Languages	23 Wika
🕑 Customer Service Hours	24/5
🚀 Magbukas ng Account	???? Pindutin dito

XM Pros & Cons

2. HFM (Formerly Hotforex)

HFM is an award-winning, well-regulated Forex, Indices, Stocks and commodities global broker headquartered in the UK. The broker boasts over 3,5 million accounts opened by happy clients and has won over 25 industry awards.

HotForex (HFM) is our recommended choice for a low-cost forex broker in South Africa. We consider them to be safe as they are regulated in South Africa with FSCA (FSP No 46632) since 2016 & with FCA in UK (HF Markets (UK) Limited with Reference number: 801701) since 2019. 

In terms of trading fees, HotForex has the lowest spread with their Zero account & there are no fees on deposits/withdrawals.

HFM At A Glance

🔎 Broker's Name	HFM (Dating Hotforex)
⚖ Regulasyon	CySEC, FCA, DFSA, FSCA, FSA
📆 Year Founded	2010
💳 Minimum na deposito	$5 USD/ R70
💹 Types of assets traded	Forex, Metals, Energies, Shares, Index, Bonds, Commodities, DMA Stocks, ETFs
🎁 Mga Bonus	Yes, Including $ 50 No Deposit Bonus
Zar Account	Oo
💳 Payment methods	Skrill, Neteller, Debit Card, Wire Transfer, Credit Card, fasapay, Vload
🧾 Mga Uri ng Account	Cent, Premyo, sa, Zero Spread, Kopyahin ang Account, Islamic account
📈Sinusuportahan ba ang maramihang mga account	✅Oo
♻ Is PAMM  & Copy trader supported?	✅ Oo

HFM Pros & Cons

3. derivative

Deriv is a very popular broker in South Africa. Most traders choose the broker because it is the only one with mga sintetikong indeks like boom and crash.

Deriv offers convenient funding methods like Zing pay, Dp2p, Payment agents, Cash etc. This makes it easy for South African traders to move funds in and out of their trading accounts.

On top of that Deriv offers a low minimum deposit requirement making it accessible to traders.

Deriv also offers a number of proprietary trading app that bring convenience to traders

Deriv Sa Isang Sulyap

🔎 Broker's Name	Deriv Forely (Binary.com)
🏡 Headquartered	Estados Unidos
📆 Year Founded	1999
⚖ Mga Awtoridad na Nagre-regulate	Kinokontrol sa pamamagitan ng Malta Financial Services Authority (MFSA), Labuan Financial Services Authority (LFSA), Vanuatu Financial Services Commission (VFSC) at British Virgin Islands Financial Services Commission (BVIFSC)
Minimum na deposito	$5 / R70
🏋🏾‍♀️ Maximum Leverage	1:1 000.
💳 Mga Opsyon sa Deposit at Withdrawal	Bank wire transfer –Mga credit/debit card – Parehong Visa at Mastercard – USD/GBP/EUR/AUD. E-wallet – Skrill, Neteller, PaySafe, Fasapay, WebMoney, Cryptocurrency, Bitcoin, Ethereum, Litecoin at Tether. Mga ahente sa pagbabayad, Dp2p
📊 Tradable assets offered	Forex – Malapit sa 50 pares ng pera ng FX, kabilang ang mga majors, minors at exotics Stock index – Mag-isip-isip sa mga paggalaw ng presyo sa pinakamalaking US, Asian at European stock index. Mga sintetikong indeks – Batay sa isang secure na random generator, ang mga sintetikong indeks ay kinokopya ang mga tunay na kondisyon ng merkado at available 24/7 na naghahatid ng pare-parehong pagkasumpungin Mga kalakal - Ang mga mahahalagang metal, tulad ng ginto at pilak, kasama ang mga enerhiya tulad ng langis ay magagamit
🗣 Mga Oras ng Serbisyo sa Customer	24/7
🚀 Magbukas ng account	???? Pindutin dito

Mga Kalamangan at Kahinaan ng Deriv

4. Exness

Exness is an award-winning and well-regulated forex and CFD broker that was founded in 2008. It is headquartered in Cyprus and has offices in several other countries, including, South Africa, Seychelles, Russia, and China.

Exness is a popular broker, with over 10 million registered accounts worldwide including in South Africa.

The broker has low trading fees, offers a Zar account and processes withdrawals instantly.

Pangalan ng Broker	Exness
📅 Taon ng Itinatag	2008
🏠 Headquarters	Limassol, Cyprus
⚖ Regulated By	SFSA (Seychelles), CBCS (Curaçao), FSC (BVI), FSCA (SA), CySEC (Cyprus), FCA (UK)
💳 Pinakamababang Deposito	R180 ZAR / $10
📉 Zar Base Currency?	✔ Oo
🧾 Mga Uri ng Account	Standard Cent, Standard, Pro, Raw Spread, Zero.
🎮 Demo Trading Account	✔Oo
💵Mga paraan ng deposito at withdrawal	Credit/debit card, Skrill, Neteller, QIWI, Cryptocurrencies, Bank/Wire Transfer,
💰 Kumakalat	Ang spread ay depende sa uri ng account at instrumento. Palaging lumulutang ang mga spread. FTSE Spread 1.5 pts (var) GBPUSD Spread 2.1 (var) Oil Spread 0.05 (var) Mga Stock Spread 0.1% Var GBPUSD Spread 2.1 pips (var) EURUSD Spread 1.6 pips (var) EURGBP Spread 2 pips (var)
📉Instruments Offered	Forex (97), Metals, Stocks, Indices at Energies, Cryptocurrencies (35)
💰 Withdrawal fee	✔ Oo
💰 Instant withdrawal and deposits	✔ Yes. Depends on the payment system. This may vary based on the payment provider's processing
💸 Proteksyon ng negatibong balanse	✔ Oo
💻 In-house VPS hosting	✔ Yes, with $500+ deposits
☪ Islamic Account	✔ Oo
💵 Inactivity fee charged	❌ Hindi
📱 Mga platform	MT4, MT5, Exness Terminal, MT4 Multiterminal, Exness Trader app
🚀 Magbukas ng Account	???? Pindutin dito

5. FBS

FBS is a popular Forex Broker and CFD trading platform founded back in 2009 by investors interested in trading research and technical analysis. At present, FBS is an international brand and has a presence in over 150 countries worldwide. 

 The broker brings transparent conditions for trading using popular instruments including Forex, Crypto, and Metals all connected by split-second execution through the ECN model.

FBS At A Glance

🔎Pangalan ng Broker	FBS
⚖ Regulasyon	CySEC, ASIC, IFSC, FSCA,
📆 Taon ng Itinatag	2009
💳 Minimum na deposito	$1 para sa cent account, $5 Micro Account, $500 Zero Spread Account
💳 Maximum Leverage	1: 3000
💹 Islamic Account?	✔Oo
🖥Types of assets traded	Forex, commodities, bond, share, indeks, stock, CFD, metal, energies
🚀Supported lot sizes	0.01 - 500
💳 Payment methods	Neteller; Sticpay; Skrill; Perpekto Pera
🧾Are multiple accounts supported	✔Oo
📈 Sinusuportahan ba ang PAMM	❌Hindi
♻ Sinusuportahan ba ang CopyTrader?	✔Oo
🚀 Buksan ang Account	???? Pindutin dito

FBS Broker Pros & Cons

How we chose the best Forex Brokers in South Africa

We looked at the following points when we compared these forex brokers.

Regulasyon

Regulation matters because it ensures the safety of your funds & protects you in case of any bad practice like fraud or manipulation by the broker. The forex brokers we chose above are well-regulated and they have a good reputation.

Forex Broker’s Fees

Forex brokers charge fees through their spreads, commissions on trades (in some cases) & rollover (for overnight open positions). Some brokers also charge extra fees during deposits & withdrawals but don’t actually show it as their fees.

The brokers we chose above have the most competitive fees in the market. This will ensure that you will endure lower trading costs as a forex trader in South Africa.

Mga Pagpipilian sa Deposit at Pag-Withdraw

We chose the best South African forex brokers that have convenient funding methods. The brokers above make it easy for you to deposit and withdraw without any hassles.

Minimum na Deposito

We chose the best brokers with low minimum deposits so that you can test them without depositing a lot of money. You can then deposit more as your confidence in the broker grows.

Frequently Asked Questions on The Best Forex Brokers In South Africa