You are currently viewing 5 Best forex brokers in South Africa (2020)

5 Best forex brokers in South Africa (2020)

5 Best forex brokers in South Africa ( 2020 )

The forex market is a daunting place at the best and worst of times, and choosing the correct broker to cater adequately for your trading needs and objectives may seem like a tedious venture.

Here are some of the best forex brokers in South Africa that offer some of the best trading conditions and solutions in the country:

1.  AvaTrade

AvaTrade is an award-winning market maker and straight-through processing (STP) broker that offers traders competitive trading conditions, and trades in more than 250 financial instruments.

2.  Plus500

As a multi-regulated, popular broker, Plus500 connects traders to global markets by offering a variety of tradable instruments such as Forex, commodities, indices, cryptocurrencies and more.

Plus500 offers traders with competitive trading conditions and its own proprietary trading platforms on which trades can be executed.

3.  FXCM

FXCM has been in operation since 1999, and furnishes traders with access to global markets through the facilitation of trades in numerous financial instruments, as part of its comprehensive offering.

FXCM is strictly regulated by several regulatory entities, including the Financial Sector Conduct Authority (FSCA) in South Africa.

4.  HotForex

Despite being based in Cyprus, HotForex is a popular online trading broker with authorisation and regulation through multiple entities catering for traders from around the world, including South Africa, through its regulation with FSCA.

HotForex offers traders with low-trading and non-trading fees, a wide choice among accounts, powerful trading platforms and more.

5.  IG

IG is a well-established, trusted online broker with a history that dates back to 1974, offering comprehensive trading solutions to traders from around the world.

With its multiple regulations in various jurisdictions, IG connects traders to global markets in addition to offering competitive trading conditions.

You might also like: Is forex trading legal in South Africa?