SponsoredVisit FxPro
100 brokers measured in South Africabroker data checked 27.08.2026
Written and checked by the Lantern Review editorial team · how we score · base recalculated 13.10.2026
Recalculated 13.10.2026 · 100 brokers · 56 accounts

Forex and CFD brokers for residents of South Africa, measured

By formula v1.0, CFI ranks first at 4.69: a — round turn, 0 minimum deposit and a local FSCA licence. We measured 100 brokers and 56 accounts; 100 accept South African residents, and 55 are authorised by the country's own regulator.

100of 103
onboarding residents
97% of 103
67of 100
scored on all six axes
67% of 100
80of 103
publish a price
78% of 103
72of 103
publish a leverage figure for this country
70% of 103

Compare all 100 brokers and 56 accounts (100 of 103 shown)

Filters
Instruments
Deposit and withdrawal
20 of 103 shown
By score, formula v1.0. No row here is paid or promoted: the order is the formula's alone. · Cost, leverage and withdrawal apply to the entity that onboards South African residents, not the group.
2.0–5.0USD · ZAUSD · or as statedSouth Africa entityhoursExecutionFoundedFunding
1
CFICFI Financial (Pty) Ltd, local South African entity.
4.69 — 0advertised 500retail · ZA 24measured ECN/raw + standard19983 methods · local
2
FinvasiaSouth Africa served via Fxview — Finvasia Capital South Africa (Pty) Ltd, an FSCA-authorised FSP (local licence).
4.62 4per lot · std 50 groupadvertised 1000 groupretail · ZA — ECN/raw20075 methods · local
3
OctaFXOrinoco Capital Pty Ltd
4.55 9per lot · std 25advertised 1000retail · ZA 3measured ECN/raw + standard20113 methods · local
4
Capital.comSouth African clients are now onboarded by the new local entity Capital Com South Africa (Pty) Ltd, which received FSCA approval in June 2026 (previously SA was served offshore/restricted).
4.48 6per lot · std 20advertised 30 groupretail · ZA 24measured Standard20163 methods · local
5
FP MarketsSouth African clients are onboarded under the locally licensed entity FP Markets (Pty) Ltd, an FSCA-authorised financial services provider.
4.46 6.5per lot · std 100advertised 500retail · ZA 72measured ECN/raw + standard20053 methods
6
HFMSA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
4.46 6per lot · std 0 groupadvertised 2000retail · ZA 24measured ECN/raw + standard20103 methods · local
7
ExinityExinity Limited
4.38 4per lot · std — —stated, not verified 24measured ECN/raw + standard20202 methods · local
8
ACY SecuritiesACY Securities SA (Pty) Ltd (formerly Ingot Brokers SA), a locally licensed entity.
4.37 6per lot · std 50 groupadvertised 500 groupretail · ZA 24measured ECN/raw + standard20115 methods · local
9
FXGTSouth African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
4.36 6per lot · std 10advertised 5000retail · ZA 24measured ECN/raw + standard20196 methods · local
10
AdmiralsSouth African clients served by locally licensed Admirals SA (Pty) Ltd.
4.36 6per lot · std 25advertised 500retail · ZA 24measured ECN/raw + standard20014 methods · local
11
MitradeMitrade Markets Pty Ltd
4.32 8.5per lot · std 20advertised 200retail · ZA 24measured Standard20114 methods
12 4.28 7per lot · std 50advertised 500retail · ZA 4measured ECN/raw + standard20105 methods · local
13
IG Markets SAIG Markets South Africa Limited
4.28 7.5per lot · std 50advertised 30retail · ZA 72measured Standard19742 methods · local
14
AvaTradeLocal Ava Capital Markets Pty Ltd
4.27 9per lot · std 100advertised 400retail · ZA 24measured Standard20065 methods · local
15
TickmillTickmill South Africa (Pty) Ltd — locally licensed.
4.27 6per lot · std 100advertised 1000retail · ZA 24measured ECN/raw + standard20144 methods · local
16
FXCMServed locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).
4.26 7per lot · std 4advertised 400retail · ZA 72measured ECN/raw + standard19992 methods · local
17
CMTradingGCMT South Africa (Pty) Ltd; FSCA licence carried via Blackstone Marketing SA (Pty) Ltd. Home market.
4.24 8per lot · std 300advertised 200retail · ZA 24measured ECN/raw + standard20124 methods · local
18
STARTRADERSTARTRADER International Pty Ltd
4.23 4per lot · std 50advertised 1000retail · ZA 24measured ECN/raw + standard20194 methods
19
HeadwayHome base: Jarocel (Pty) Ltd, East London, South Africa.
4.2 3per lot · std 1advertised —stated, not verified 0.5measured ECN/raw + standard20234 methods · local
20
JustMarketsJust Global Markets Pty Ltd
4.18 3per lot · std 10 groupadvertised 3000retail · ZA 48measured ECN/raw + standard20123 methods · local
21
CAPEXJME Financial Services (Pty) Ltd, operating za.capex.com — the locally licensed CAPEX entity for SA.
4.15 6.5per lot · std 100advertised 300retail · ZA 24measured ECN/raw + standard20163 methods · local
22
Grand CapitalGrand Capital Ltd
4.14 5per lot · std 10advertised 500retail · ZA 0.25measured ECN/raw + standard20063 methods
23
Fusion MarketsSouth African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA), not a local FSCA entity.
4.13 4.5per lot · std 0advertised 500retail · ZA 1measured ECN/raw + standard20176 methods
24
IG MarketsIG Markets South Africa Ltd
4.13 13.6per lot · std 50advertised 20retail · ZA 72measured ECN/raw + standard19743 methods · local
25 4.13 6per lot · std 100advertised 300retail · ZA 168measured Standard20085 methods · local
26
IC MarketsSouth African clients are onboarded under the OFFSHORE entity Raw Trading Ltd (Seychelles) - the 'IC Markets Global' brand - or IC Markets Ltd (Bahamas); NOT the ASIC (Australia) or CySEC (EU) entities. Confirm the exact entity on the client agreement at signup.
4.12 7.5per lot · std 200advertised 500retail · ZA 24measured ECN/raw + standard20079 methods · local
27
Land-FXLand Prime Ltd
4.1 3.35per lot · std 10advertised 2000retail · ZA 1measured ECN/raw + standard20087 methods · local
28
Forex.comGAIN Global Markets Inc
4.06 7per lot · std 100 groupadvertised 50retail · ZA — ECN/raw + standard20013 methods
29
ActivTradesSouth African clients onboarded offshore under ActivTrades Corp (SCB Bahamas); no local entity.
4.03 4.2per lot · std 0 groupadvertised 200retail · ZA 24measured ECN/raw + standard20014 methods
30
Global PrimeGleneagle Securities Pty Ltd
4.03 7per lot · std 0 groupadvertised 500retail · ZA 2measured ECN/raw + standard20106 methods
31
Moneta MarketsMoneta Markets Ltd
4.02 7per lot · std 50advertised 1000retail · ZA 24measured ECN/raw + standard20195 methods
32
AMarketsAMarkets Ltd
4.01 7per lot · std 100 groupadvertised 3000retail · ZA 24measured ECN/raw + standard20073 methods
33
Scope MarketsScope Markets SA (Pty) Ltd.
4 9per lot · std 10 groupadvertised 1000 groupretail · ZA 48measured ECN/raw + standard—4 methods · local
34
Ultima MarketsUltima Markets (Pty) Ltd, an FSCA-authorised FSP, serves SA clients (offshore Mauritius entity also used).
4 5per lot · std 50 groupadvertised 2000retail · ZA 120measured ECN/raw + standard20165 methods
35
Trade NationSouth African clients are onboarded under the genuine LOCAL entity Trade Nation Financial (Pty) Ltd (reg. 2018/418755/07), not an offshore arm.
3.98 5per lot · std 0 groupadvertised 200retail · ZA 120measured Standard20143 methods · local
36
FxProFxPro Markets Direct Costa Rica Latam SRL
3.98 7per lot · std 100advertised 200retail · ZA 3measured ECN/raw + standard20063 methods · local
37
PepperstonePepperstone Markets Kenya Limited
3.97 7per lot · std 200advertised 400retail · ZA 24measured ECN/raw + standard20105 methods · local
38
Traders TrustOffshore TTCM Traders Trust Capital Markets Ltd
3.96 6per lot · std 50advertised 3000retail · ZA 24measured ECN/raw + standard20095 methods
39
Khwezi TradeKhwezi Trade (Pty) Ltd, Cape Town
3.96 4per lot · std 50 groupadvertised 400retail · ZA 72measured ECN/raw + standard20131 methods · local
40
Plus500Plus500AU Pty Ltd
3.95 8per lot · std 10advertised 30retail · ZA 72measured Standard20085 methods · local
41 3.92 6per lot · std 0advertised 500retail · ZA 72measured ECN/raw + standard20146 methods · local
42
Scope Markets SAScope Markets SA (Pty) Ltd (reg 2016/137466/07), Sandton, Johannesburg
3.92 9per lot · std 100advertised 1000retail · ZA 120measured Standard20144 methods · local
43
Hantec MarketsHantec Markets Ltd
3.9 3per lot · std 10 groupadvertised 500retail · ZA 48measured ECN/raw + standard20092 methods
44
FIBO GroupSouth African clients onboarded by offshore FIBO Group, Ltd (BVI).
3.88 6per lot · std 50advertised 1000retail · ZA 48measured ECN/raw + standard19985 methods
45
Sasfin Securitiesof Sasfin Holdings Ltd
3.85 — — —stated, not verified — —20072 methods · local
46
GO MarketsGO Markets Pty Ltd
3.84 6per lot · std 200advertised 500retail · ZA 48measured ECN/raw + standard20064 methods
47
XTBXTB International Limited
3.83 1per lot · std 0advertised 500retail · ZA 72measured ECN/raw + standard20022 methods
48
ATFXAT Global Markets SA (Pty) Ltd (ATFX SA), Cape Town.
3.82 12per lot · std 500 groupadvertised 400retail · ZA 24measured Standard20173 methods · local
49
OrbexServed offshore via Orbex Global Ltd (Mauritius) / Orbex LLC (SVG).
3.82 8per lot · std 100advertised 500retail · ZA 24measured ECN/raw + standard20105 methods
50
FXChoiceFX Choice Ltd
3.8 7per lot · std 100advertised 200retail · ZA 24measured ECN/raw + standard20103 methods
51
TraduStratos South Africa (Pty) Ltd.
3.8 5.9per lot · std 50 groupadvertised 30retail · ZA 120measured ECN/raw + standard20233 methods · local
52
DukascopyServed by Dukascopy Bank SA (Switzerland) cross-border; no South African entity.
3.77 8per lot · std 100advertised 200retail · ZA 48measured ECN/raw + standard20043 methods
53
IronFXNotesco SA (Pty) Ltd — locally licensed SA entity.
3.76 18per lot · std 100advertised 500retail · ZA 240measured ECN/raw + standard20106 methods · local
54
Blueberry MarketsServed via offshore Blueberry Markets (Mauritius) Ltd / Blueberry Markets (V) Ltd, not the Australian entity.
3.75 7per lot · std 100 groupadvertised 500retail · ZA 48measured ECN/raw + standard20167 methods
55
Doo PrimeSouth African retail served offshore via Doo Prime Vanuatu / Seychelles (dooprime.com).
3.73 7per lot · std 5 groupadvertised 1000retail · ZA 24measured ECN/raw + standard20144 methods · local
56
AlpariParlance Trading Ltd
3.71 3.5per lot · std 30advertised 3000retail · ZA 24measured ECN/raw + standard19985 methods
57
HYCMHYCM Ltd
3.71 5per lot · std 100 groupadvertised 500retail · ZA 24measured ECN/raw + standard19985 methods
58
Amana CapitalAmana Capital Ltd
3.69 7per lot · std 50 groupadvertised 100retail · ZA 48measured ECN/raw + standard20102 methods
59
MultiBank GroupSouth African clients served via offshore entity (BVI FSC / Vanuatu VFSC); no FSCA-authorised FSP entity verified.
3.68 15per lot · std 50 groupadvertised 500retail · ZA 48measured ECN/raw + standard20055 methods
60
Trive South AfricaTrive International Ltd
3.68 10per lot · std 0advertised —stated, not verified 168measured ECN/raw + standard20224 methods · local
61
LiteFinanceSouth African residents are onboarded under offshore LiteFinance Global LLC (St Vincent) / LiteFinance Investment Limited (Mauritius FSC).
3.67 18per lot · std 50advertised 1000retail · ZA 24measured Standard20053 methods
62
FXOpenOffshore FXOpen Markets Ltd
3.67 1.5per lot · std 1 groupadvertised 500retail · ZA 24measured ECN/raw + standard20056 methods
63
Unum CapitalUnum Capital (Pty) Ltd (formerly Vunani Private Clients), Pretoria/Gauteng
3.64 11per lot · std — —stated, not verified — Standard19992 methods · local
64
Milton PrimeMilton Global Ltd
3.61 — 300 groupadvertised 500retail · ZA 1measured —20154 methods · local
65
FXTMForexTime Ltd
3.6 16per lot · std 10advertised 2000retail · ZA 24measured Standard20115 methods · local
66
ForexMartOffshore Tradomart SV Ltd
3.59 10per lot · std 15advertised 500retail · ZA 7measured Standard20156 methods · local
67
Standard Bank Online Share Trading (OST / SBG Securities)SBG Securities (Pty) Ltd, wholly-owned subsidiary of Standard Bank Group
3.59 — — —stated, not verified 120measured —19993 methods
68
SkillingServed by offshore Skilling (Seychelles) Ltd, not an EU/local entity.
3.58 8.5per lot · std 100advertised 500retail · ZA 24measured ECN/raw + standard20166 methods
69
Windsor BrokersWindsor Brokers International Ltd
3.58 8per lot · std 50 groupadvertised 1000retail · ZA 24measured ECN/raw + standard19883 methods
70
ErranteServed under offshore Errante Securities (Seychelles) Ltd.
3.58 — 50 groupadvertised 1000retail · ZA 24measured ECN/raw + standard20195 methods
71
Fullerton MarketsFullerton Markets International Ltd
3.58 7per lot · std — 500retail · ZA 72measured ECN/raw + standard20152 methods
72 3.54 5per lot · std 0advertised —stated, not verified 48measured ECN/raw + standard19781 methods
73
SwissquoteSwissquote Bank Ltd
3.5 16per lot · std 1000advertised 100retail · ZA 24measured ECN/raw + standard19962 methods
74
SatrixSatrix Managers (RF) (Pty) Ltd (part of Sanlam Investment Group)
3.45 — — —stated, not verified — —20003 methods · local
75
EquitiSA clients served via group offshore entities (FCA UK / Seychelles FSA); direct FSCA authorisation not verified at review.
3.38 8per lot · std 500advertised 500retail · ZA 24measured ECN/raw + standard20033 methods
76
TMGMTrademax Global Ltd
3.35 7per lot · std 100 groupadvertised 1000retail · ZA 96measured ECN/raw + standard20136 methods
77
EasyEquitiesof Purple Group Ltd
3.31 — — —stated, not verified 120measured —20144 methods
78
NAGAServed under offshore NAGA Capital Ltd (Seychelles); EU-arm is NAGA Markets Europe Ltd.
3.3 11per lot · std 250advertised 1000retail · ZA 24measured Standard20154 methods · local
79
InstaForexSA clients served via offshore Instant Trading Ltd / InstaFinance Ltd (BVI) and Insta Global Ltd (SVG).
3.28 — 1 groupadvertised 1000retail · ZA 7measured ECN/raw + standard20073 methods
80
EightcapEightcap Global Limited
3.22 7per lot · std 100 groupadvertised 500retail · ZA 120measured ECN/raw + standard20154 methods
81
BDSwissSouth African clients are served with ZAR accounts and local bank transfer; BDSwiss markets a 'BDSwiss Markets SA (Pty) Ltd' FSCA presence, though trade execution sits under the offshore Seychelles FSA / Mauritius FSC entities.
3.21 10per lot · std 10 groupadvertised 2000 groupretail · ZA 24measured ECN/raw + standard20124 methods · local
82
T4TradeTradeco Ltd
3.21 18per lot · std 50 groupadvertised 1000retail · ZA 24measured Standard20215 methods
83
eToroServed; South African clients onboarded under eToro (UK) Ltd (per current review sources).
3.19 10per lot · std 50 groupadvertised 30retail · ZA 120measured Standard20075 methods
84
FNB Share Investingof FirstRand Bank Ltd
3.17 — — —stated, not verified — ——2 methods · local
85
Shyft (Standard Bank Shyft)The Standard Bank of South Africa Ltd
3.13 — — —stated, not verified — —20173 methods · local
86
AxioryAxiory Global Ltd
3.04 2per lot · std 10 groupadvertised 400retail · ZA 240measured ECN/raw + standard20116 methods
87
ADSSADS Securities LLC
3.02 12per lot · std 100 groupadvertised 500retail · ZA 120measured ECN/raw + standard20102 methods
88
FortradeServed internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
2.48 20per lot · std 100 groupadvertised —stated, not verified 120measured Standard20134 methods
89
ZuluTradeCopy-trading/social-trading layer over connected partner brokers; not a direct broker.
— — 100advertised 500 groupretail · ZA — —20074 methods · local
90
10X Investments10X Investments (Pty) Ltd
— — 1000 ZARadvertised —stated, not verified — —20072 methods · local
91 — — — —stated, not verified — —19732 methods · local
92
Anchor Capitalof JSE-listed Anchor Group Ltd
— — — —stated, not verified — —19833 methods · local
93
GT247.comof JSE-listed Purple Group Ltd
— — 0advertised 25retail · ZA — —19982 methods · local
94
Investec Online / ClarityInvestec Bank Ltd
— — 25 ZARadvertised —stated, not verified — —19742 methods · local
95
Nedbank Online Share TradingNedgroup Private Wealth Stockbrokers (Pty) Ltd (Nedbank Group)
— — 0advertised —stated, not verified — —20012 methods · local
96
PSG Online (PSG Wealth)PSG Securities Ltd / PSG Wealth (part of PSG Financial Services Ltd, JSE: KST)
— — — —stated, not verified 24measured —19982 methods
97
Purple GroupPurple Group Ltd
— — — —stated, not verified — —20113 methods · local
98
Sanlam iTradeSanlam Private Wealth (Pty) Ltd (Sanlam Group)
— — 5000 ZARadvertised —stated, not verified — —20002 methods · local
99
Momentum Securitiesof Momentum Group Ltd
— — — —stated, not verified — —19383 methods · local
100
Rand SwissRand Swiss (Pty) Ltd, South Africa (director Gary Booysen)
— — — —stated, not verified 0measured —20142 methods · local
Unranked rows are shown with the reason; missing values stay blank (—), never estimated.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.

Identical for every row, so it is stated once: Platforms MT5 cTrader +2 · Accepts residents Yes · local FSCA · Type ECN/raw · EURUSD spread 0.10 pips · avg · Currencies USD · ZAR.

Pick by task (6 tasks · 103 brokers)

What the data shows (4 distributions · 103 brokers)

Round turn, USD (80 of 103 priced)

3<2.5
115
357.5
1510
812.5
115
317.5
4>17.5

Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it

Minimum deposit, USD (49 of 103 published)

42<200
5400
1600
0800
01k
1>1k

Median 50 USD · range 0-1000 · 54 of 103 brokers do not publish it

Retail leverage for South African residents (72 of 103 published)

49<1k
142k
43k
44k
1>4k

Median 1:500 · range 20-5000 · 31 of 103 brokers do not publish it

Withdrawal time, hours (86 of 103 published)

61<50
10100
11150
2200
2>200

Median 24 h · range 0-240 · 17 of 103 brokers do not publish it

Ratings in South Africa (19 slices · 103 brokers)

Guides

All 6 guides

How we score (6 axes · v1.0)

Score = 2 + 3 × weighted mean of six axes, each measured on the entity that onboards South African residents. A missing axis is shown as a dash and the broker stays unranked; nothing is estimated. Full methodology

Reviews 25%Price 20%Reliability 20%Payouts 15%Track record 10%Platforms 10%

Where these figures came from (6 sources)

Sources · precision
  • https://cfi.trade/za
  • https://fsca.co.za
  • https://fxnewsgroup.com
  • https://sashares.co.za
  • https://fxview.com/global/group-licenses-and-registrations
  • https://finvasia.com

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage.

SponsoredEditor's choice · Oct 2026

FxPro

FxPro Markets Direct Costa Rica Latam SRL
3.98rank #36 of 100
by formula
  • Reviews10
  • Round-turn cost90
  • Safety70
  • Payouts98
  • Track record100
  • Platforms70
Round turn
7
Min deposit
100
Licence
45052
ZAR account
ZAR account currency available; also USD, EUR, GBP.
Leverage
200ZA
Withdrawal
within a few hours
Founded
2006
Register
https://fxscouts.co.za/broker/fxpro 09.07.2026
Why it is here
  • Licensed in South Africa: Local FSCA licence — FSP no. 45052 (issued 2015)
  • Trading since 2006 — 20 years, 100 of 100 on track record
  • 4 platforms: MT4, MT5, cTrader, FxPro Edge

Paid placement, and the only one on the site. FxPro is #36 of 100 by our formula; the slot is bought, the score and the table are not.