Abathengisi Abaphezulu Abayi-5 Abahamba Phambili ENingizimu Afrika ✅ (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.

Ama-Best Forex Brokers aseNingizimu Afrika

To find the best forex brokers in South Africa, we created a list of all brokers that accept new Ama-akhawunti 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. I-HFM – Low-cost forex broker with local regulation
3. Isuselwe -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.

I-XM Ngokubheka

🔎Igama lomthengisi	Iqembu le-XM
🏡 Headquarters	UK
📆 Year Founded	2009
⚖ Iziphathimandla ezilawulayo	FCA, IFSC, CySec, ASIC
🧾akhawunti Izinhlobo	I-Akhawunti Encane; I-akhawunti ejwayelekile; I-akhawunti ephansi kakhulu; I-Akhawunti Yabelana
🎁 Bonus	Yebo, $30
💸 Fees	ongaphakeme
💸 Spreads	isakaza kusuka ku-0.6 kuye ku-1.7 pips
💸 Commission	ukuhweba mahhala kwekhomishini kuye nge-akhawunti ekhethiwe
🏋🏾‍♀️ Maximum Leverage	1:1000
💳 Idiphozithi Encane	$5/ R70
💳 Izinketho zediphozithi nokuhoxiswa	Ukudluliselwa Kwe-Wire yasebhange Ukudluliselwa Kwebhange Lendawo Amakhadi Wezikweletu / Webhizinisi I-Neteller I-Skrill, nokuningi.
🖥 Amapulatifomu	MT4 futhi MT5
🧾 Zar Account	Yebo
📊 Tradable assets offered	Forex, commodities, cryptocurrency, shares, indices, metals, energy, options, bond, CFDs, and ETFs
🗣 Customer Support & Website Languages	Izilimi ze-23
🕑 Customer Service Hours	24/5
🚀 Vula i-Akhawunti	???? Chofoza lapha

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	I-HFM (Okwangaphambili yi-Hotforex)
⚖ Umthetho	CySEC, FCA, DFSA, FSCA, FSA
📆 Year Founded	2010
💳 Idiphozithi encane	$5 USD/ R70
💹 Types of assets traded	Forex, Metals, Energies, Shares, Indices, Bond, Commodities, DMA Stocks, ETFs
🎁 amabhonasi	Yes, Including I-$ 50 Ayikho ibhonasi ye-Deposit
I-akhawunti ye-Zar	Yebo
💳 Payment methods	Skrill, Neteller, Debit Card, Wire Transfer, Credit Card, fasapay, Vload
🧾 Izinhlobo ze-akhawunti	I-Cent, Premium, ngoba, I-Zero Spread, Kopisha I-akhawunti, i-akhawunti yamaSulumane
📈Ingabe ama-akhawunti amaningi asekelwe	✅Yebo
♻ Is PAMM  & Copy trader supported?	✅ Yebo

HFM Pros & Cons

3. Isuselwe

Deriv is a very popular broker in South Africa. Most traders choose the broker because it is the only one with indices zokwenziwa 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 Izinhlelo zokusebenza that bring convenience to traders

I-Deriv At A shazi

🔎 Broker's Name	I-Deriv ngaphambili (Binary.com)
🏡 Headquartered	USA
📆 Year Founded	1999
⚖ Iziphathimandla ezilawulayo	Ilawulwa nge-Malta Financial Services Authority (MFSA), I-Labuan Financial Services Authority (LFSA), Ikhomishini Yezinsizakalo Zezezimali eVanuatu (VFSC) kanye neKhomishini Yezinsizakalo Zezezimali zaseBritish Virgin Islands (BVIFSC)
idiphozi ubuncane	$5 / R70
🏋🏾‍♀️ Maximum Leverage	1:1 000.
💳 Izinketho zediphozithi nokuhoxiswa	Ukudluliselwa kwebhange ngezintambo -Amakhadi esikweletu/edebhithi - Kokubili i-Visa ne-Mastercard - USD/GBP/EUR/AUD. Ama-E-wallets - Skrill, Neteller, PaySafe, Fasapay, WebMoney, Cryptocurrency, Bitcoin, Ethereum, Litecoin kanye neTether. Ama-ejenti okukhokha, i-Dp2p
📊 Tradable assets offered	I-Forex - Isondele kumapheya emali ye-FX angama-50, okuhlanganisa ama-majors, izingane kanye nama-exotics Izinkomba zesitoko - Cabangela ukunyakaza kwamanani kuzo zonke izinkomba zesitoko esikhulu kunazo zonke zase-US, Asian nase-Europe. Izinkomba zokwenziwa - Ngokusekelwe kujeneretha evikelekile engahleliwe, izinkomba zokwenziwa ziphindaphinda izimo zemakethe zomhlaba wangempela futhi ziyatholakala 24/7 ziletha ukuguquguquka okungaguquki Izimpahla - Izinsimbi eziyigugu, njengegolide nesiliva, kanye namandla afana nowoyela ayatholakala
🗣 Amahora Wesevisi Yekhasimende	24/7
🚀 Vula i-akhawunti	???? Chofoza lapha

I-Deriv Pros & Cons

4. Exness

I-Exness ingumthengisi owine umklomelo futhi olawulwa kahle we-forex kanye nomthengisi we-CFD owasungulwa ngo-2008. Ikomkhulu layo liseCyprus futhi linamahhovisi kwamanye amazwe amaningana, okuhlanganisa, iNingizimu Afrika, iSeychelles, iRussia neChina.

U-Exness ungumdayisi odumile, one ama-akhawunti abhalisiwe angaphezu kwezigidi ezingu-10 emhlabeni wonke kubandakanya naseNingizimu Afrika.

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

Igama lomthengisi	Exness
📅 Unyaka wokusungulwa	2008
🏠 Indlunkulu	Limassol, eCyprus
⚖ Ilawulwa Ngu	SFSA (Seychelles), CBCS (Curaçao), FSC (BVI), FSCA (SA), CySEC (Cyprus), FCA (UK)
💳 Idiphozithi Encane	R180 ZAR / $10
📉 Imali ye-Zar Base?	✔ Yebo
🧾 Izinhlobo ze-akhawunti	I-Standard Cent, Standard, Pro, Raw Spread, Zero.
🎮 I-Akhawunti Yokuhweba Yedemo	✔Yebo
💵Izindlela zediphozithi nezindlela zokuhoxa	Ikhadi lesikweletu/ledebhithi, Skrill, Neteller, QIWI, Cryptocurrencies, Bank/Wire Transfer,
💰 Kusatshalaliswa	Ukusabalala kuncike ohlotsheni lwe-akhawunti nethuluzi. Izinsalela zihlala zintanta. I-FTSE Spread 1.5 pts (var) I-GBPUSD Spread 2.1 (var) I-Oil Spread 0.05 (var) Izitoko Zisakazwa ngo-0.1% Var I-GBPUSD Spread 2.1 pips (var) I-EURUSD Spread 1.6 pips (var) I-EURGBP Spread 2 pips (var)
📉Amathuluzi anikeziwe	I-Forex (97), Izinsimbi, Amasheya, Ama-Indices namandla, I-Cryptocurrencies (35)
💰 Imali yokuhoxiswa	✔ Yebo
💰 Ukuhoxiswa okusheshayo namadiphozithi	✔ Yebo. Kuncike ohlelweni lokukhokha. Lokhu kungase kuhluke ngokusekelwe ekucubunguleni komhlinzeki wenkokhelo
💸 Ukuvikelwa kwebhalansi okungekuhle	✔ Yebo
💻 Ukusingathwa kwe-VPS kwangaphakathi	✔ Yebo, ngediphozithi engu-$500+
☪ I-akhawunti YamaSulumane	✔ Yebo
💵 Inkokhelo yokungasebenzi ikhokhiswa	Cha
📱 Amapulatifomu	I-MT4, MT5, Exness Terminal, MT4 Multiterminal, uhlelo lokusebenza lwe-Exness Trader
🚀 Vula i-Akhawunti	???? Chofoza lapha

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

🔎Igama lomthengisi	FBS
⚖ Umthetho	CySEC, ASIC, IFSC, FSCA,
📆 Unyaka wokusungulwa	2009
💳 Idiphozithi encane	I-$1 ye-akhawunti eyisenti, i-Akhawunti Encane engu-$5, i-Akhawunti Eyiziro Ezingu-$500
💳 Maximum Leverage	1: 3000
💹 I-Akhawunti YamaSulumane?	✔Yebo
🖥Types of assets traded	Forex, impahla, amabhondi, amasheya, indices, stocks, CFDs, izinsimbi, amandla
🚀Supported lot sizes	0.01 - 500
💳 Payment methods	I-Neteller; I-Stickpay; I-Skrill; Imali Ephelele
🧾Are multiple accounts supported	✔Yebo
📈 Ingabe i-PAMM iyasekelwa	❌Cha
♻ Ingabe i-CopyTrader iyasekelwa?	✔Yebo
🚀 Vula-Akhawunti	???? Chofoza lapha

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.

Regulation

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.

Idiphozithi & Ukuhoxiswa Izinketho

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.

Ama-deposit aphansi

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