Best Forex Brokers in South Africa 2022

1. Exness

Year Founded: 2008
Bonus: None
Copy Trade: Yes (Social Trading)
Swap Free: None
Local Bank Transfer: N/A
Trading Instruments: Forex, Metals, Cryptocurrencies, Energies, Stocks, Indices
Min. Deposit: Depends on the payment system
Max. Leverage: 1:Unlimited
Spread: from 0.3 (Standard Accounts), 0.1 (Professional Accounts), 0.0 (Raw Spread & Zero Accounts)
Commissions: Up to $3.50 each side per lot (Raw Spread Account), From $0.2 each side per lot (Zero Account)
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 60% / 0% (Standard Accounts), 30% / 0% (Pro, Raw Spread & Zero Accounts)
License/Regulation: E​xness (SC) Ltd – FSA, Exness B.V. – CBCS, Exness (VG) Ltd – FSC BVI, Exness ZA (PTY) Ltd – FSCA
TW: @EXNESS
Website: https://www.exness.com/

2. OctaFX

Year Founded: 2011
Bonus: Yes
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Currency pairs, Index CFDs, Commodities(Gold, Silver, Crude Oil, Natural Gas), Cryptocurrencies
Min. Deposit: $25
Max. Leverage: 1:500
Spread: from 0.6 pips
Commissions: N/A
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 25% / 15%
License/Regulation: Octa Markets Incorporated – registration number: 19776 IBC 2011 (SVG)
TW: @OctaFX
Website: https://www.octafx.com/

3. InstaForex

Year Founded: 2007
Bonus: Yes
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Currencies, Shares, Indices, Metals, Oil and Gas, Commodity Futures, Cryptocurrencies, InstaFutures
Min. Deposit: $1
Max. Leverage: 1:1000
Spread: from 3 pips (fixed) (Standard Accounts)
Commissions: from 0.03% (Eurica Accounts)
Pricing Decimal/Precision: 4 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 30% / 10%
License/Regulation: Instant Trading Ltd (BVI): BVI FSC – SIBA/L/14/1082, Insta Service Ltd: FSC Saint Vincent – IBC22945, Insta Global Ltd.: Saint Vincent – IBC24321
TW: @instaforex
Website: https://www.instaforex.com/

4. FBS

Year Founded: 2009
Bonus: Yes
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Forex, Metals, Indices, Energies, Stocks, Forex Exotic, Crypto
Min. Deposit: $1
Max. Leverage: 1:3000
Spread: from 0.5 pips
Commissions: from $20/lot (Zero Spread Account), $6 (ECN Account)
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 40% / 20%
License/Regulation: FBS Markets Inc. – Registration No. 119717, regulated by IFSC – license IFSC/000102/310
TW: @FBS_news
Website: https://fbs.com/

5. HFM (formerly known as Hotforex)

Year Founded: 2010
Bonus: Yes
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Forex, Metals, Energies, Indices, CFD Stocks, Commodities, Bonds, ETF, Physical Stocks
Min. Deposit: $5
Max. Leverage: 1:1000
Spread: from 1 pips
Commissions: –
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 40% / 10% (Micro Account), 50% / 20% (Other Accounts)
License/Regulation: HF Markets (SV) Ltd (22747 IBC 2015), HF Markets SA (PTY) Ltd (No.2015/341406/07), HF Markets (Seychelles) Ltd (No.8419176-1), HF Markets Fintech Services Ltd (ΗΕ 348222)
TW: @hfmbroker
Website: https://www.hfm.com/

6. IC Markets

Year Founded: 2007
Bonus: None
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, Futures
Min. Deposit: $200
Max. Leverage: 1:500
Spread: from 0.6 pips
Commissions: from $3
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 100% / 50%
License/Regulation: Raw Trading Ltd – 8419879-2, regulated by FSA of Seychelles (license number SD018), International Capital Markets Pty Ltd – 123 289 109, regulated by ASIC (license number 335692), IC Markets (EU) Ltd regulated by CySEC (license number 362/18)
TW: @IC_Markets
Website: https://www.icmarkets.com/

7. XM

Year Founded: 2009
Bonus: Yes
Copy Trade: None
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares
Min. Deposit: $5
Max. Leverage: 1:1000
Spread: from 0.6 pips
Commissions: Yes (Shares Account)
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 100% / 50%
License/Regulation: XM Global Limited – regulated by the FSC (license number 000261/309), Trading Point of Financial Instruments Limited – regulated by CySEC (licence number 120/10)
TW: @XM_COM
Website: https://www.xm.com/

8. Tickmill

Year Founded: 2015
Bonus: Yes
Copy Trade: Yes (Myfxbook)
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Forex, Stock Indices and Oil, Precious Metals, Bonds, Cryptocurrencies, Stocks
Min. Deposit: $100
Max. Leverage: 1:500
Spread: from 1.6 pips
Commissions: from $2
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 100% / 30%
License/Regulation: Tickmill UK Ltd – regulated by the FCA, Tickmill Europe Ltd – regulated by the CySEC, Tickmill South Africa (Pty) Ltd – regulated by the FSCA, Tickmill Ltd – regulated by the FSA of Seychelles, Tickmill Asia Ltd – regulated by the FSA of Labuan Malaysia
TW: @Tickmill
Website: https://www.tickmill.com/

9. LiteFinance (formerly known as Liteforex)

Year Founded: 2005
Bonus: Yes
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Currency, Metals, Oil, Global stock indexes, CFD NYSE, CFD NASDAQ, CFD EURONEXT, CFD LONDON LSE, CFD XETRA, Cryptocurrency
Min. Deposit: $50
Max. Leverage: 1:1000
Spread: from 1.8 pips
Commissions: Yes (ECN Account)
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader
Margin Call/Stop Out Level: 100% / 50% (Cent Account), 100% / 20% (Other Accounts)
License/Regulation: LiteFinance Global LLC (registration number 931 LLC 2021), Liteforex (Europe) Limited (registration number HE230122) regulated by CySEC under license number 093/08
TW: @litefinanceeng
Website: https://www.litefinance.com/

10. TradersWay

Year Founded: 2010
Bonus: Yes
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Forex, Metals, Energies, Cryptos
Min. Deposit: $10
Max. Leverage: 1:1000
Spread: from 0.7 pips (MT4.VAR. Account)
Commissions: Yes (MT4.ECN., MT5.ECN., CT.ECN. Account)
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader, cTrader
Margin Call/Stop Out Level: 100% / 40%
License/Regulation: –
TW: @TradersWay
Website: https://www.tradersway.com/

11. RoboForex

Year Founded: 2009
Bonus: Yes
Copy Trade: Yes
Swap Free: Yes
Local Bank Transfer: Available for some countries
Trading Instruments: Forex, Stocks, Indices, ETF, Commodities, Metals, Energy, Cryptocurrencies
Min. Deposit: $10
Max. Leverage: 1:2000
Spread: from 1.3 pips
Commissions: Yes (Prime, ECN & R StocksTrader Account)
Pricing Decimal/Precision: 5 digits
Platforms: MT4, MT5, Mobile App, Webtrader, cTrader
Margin Call/Stop Out Level: 100% / 100% (Prime Account), 100% / 40% (ECN Account), 100% / 20% (R StockTrader & Pro Accounts), 100% / 10% (ProCent Account)
License/Regulation: RoboForex Ltd – regulated by FSC (license number 000138/333)
TW: @RoboForexGlobal
Website: https://roboforex.com/


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