Compare forex & CFD brokers in South Africa
Compare online forex and CFD brokers available in South Africa side by side. Review trading fees, EUR/USD spreads, commissions, minimum deposits and leverage together with funding options and cTrader-specific trading functionality.
Using the same comparison criteria across brokers makes it easier to identify differences in pricing and account conditions without switching between multiple broker websites.
Using the same comparison criteria across brokers makes it easier to identify differences in pricing and account conditions without switching between multiple broker websites.
South Africa
FxPro
Local choice
Copy available
Cloud cBots
Branded apps
$100
Min deposit
1:30
Max leverage
Crypto deposits
Pepperstone
Copy available
Cloud cBots
Branded apps
$0
Min deposit
1:30
Max leverage
Excellent
Reviews: 3734
Crypto deposits
Fusion Markets
Local choice
Copy available
Cloud cBots
Branded apps
$0
Min deposit
1:500
Max leverage
Excellent
Reviews: 10529
Crypto deposits
BlackBull
Copy unavailable
Cloud cBots
Branded apps
$0
Min deposit
1:500
Max leverage
Excellent
Reviews: 3520
Crypto deposits
IC
Copy available
Cloud cBots
Branded apps
Widgets
$0
Min deposit
1:1000
Max leverage
Excellent
Reviews: 57423
Crypto deposits
Spreads, commissions and account conditions
Broker | Regulators | EUR/USD spread | Commission | Crypto deposits | Min deposit | Store bonuses | |
|---|---|---|---|---|---|---|---|
FxPro | FCA UK, SCB - SIA Bahamas | — | $3.5 per side per lot | $100 | |||
Pepperstone | ASIC, CYSEC, DFSA UAE, FCA UK | — | $3.0 per side | $0 | |||
Fusion Markets | ASIC, VFSC Vanuatu, FSA Seychelles | — | $2.25 per side | $0 | |||
BlackBull | FMA NEW ZEALAND | — | $3 per side | $0 | |||
IC | ASIC, CYSEC, FSA Seychelles | — | $3 per side per 100k | $0 | |||
 FP Markets | ASIC, CYSEC, FSCA South Africa, CMA Kenya | — | $3 per side | $100 | |||
 Deriv | — | — | $0 | $5 | |||
 Varianse | FCA UK | — | $0 | $100 | |||
 Klas FX | — | — | $0 | $100 | |||
 Errante | CYSEC | — | $2.5 per side | $50 |
What to check when comparing brokers in South Africa
Forex brokers can offer substantially different conditions even when they provide access to the same trading platform. One broker may have a lower minimum deposit while another may offer different spreads, commissions, leverage or funding methods.
The comparison table above focuses on measurable broker conditions. EUR/USD spread data provides a common reference point for forex pricing, while commission values show how individual brokers structure transaction costs. Minimum deposit information provides additional context around account access.
The broker cards add platform and account information that is not captured by price alone. Depending on availability, this can include cTrader Copy, cloud cBots, crypto deposits, branded applications, widgets and other broker-specific cTrader functionality.
Maximum leverage should be interpreted together with the legal entity and regulatory regime through which the account is offered. The leverage available to a retail client in a particular country can differ from a broker's global maximum.
Compare several parameters rather than relying on a single fee or headline feature, and check the individual broker profile for the conditions that apply to the relevant account and jurisdiction.
The comparison table above focuses on measurable broker conditions. EUR/USD spread data provides a common reference point for forex pricing, while commission values show how individual brokers structure transaction costs. Minimum deposit information provides additional context around account access.
The broker cards add platform and account information that is not captured by price alone. Depending on availability, this can include cTrader Copy, cloud cBots, crypto deposits, branded applications, widgets and other broker-specific cTrader functionality.
Maximum leverage should be interpreted together with the legal entity and regulatory regime through which the account is offered. The leverage available to a retail client in a particular country can differ from a broker's global maximum.
Compare several parameters rather than relying on a single fee or headline feature, and check the individual broker profile for the conditions that apply to the relevant account and jurisdiction.