CM Trading

CM TRADING, based in Johannesburg, South Africa, operates in a regulated financial environment and provides MetaTrader 4, Sirix WebTrader and the CopyKat copy-trading system.

The company offers advanced trading solutions to African and international clients to trade Forex, Index and Commodities, including Cryptocurrencies. A maximum leverage of 200:1 can be used.

CM TRADING is often seen as the largest in Africa and offers competitive spreads and is a good choice for new traders due to their educational material. 

Avatrade

AvaTrade was founded in 2006 and has its headquarters in Ireland. It is regulated in several countries, by MiFID, FSA, ASIC, FFAJ, FSCA, ADGM and FRSA.

Avatrade offers a limited choice of account types, divided in types for residents of the European Union and for persons outside the European Union. 

Avatrade provides the MetaTrader 4, MetaTrader 5, a proprietary and Web-based platform, for trading Forex, CFDs, Commodities, Metals, Oil, Gold and Indices at a maximum leverage of 1:400.
 

You might like: See the best forex brokers in South Africa, compared side by side for 2021.
 

Exness

Exness was founded in 2008 and offers MT4 and MT5 and a WebTerminal as trading platforms, with more than 130 currency pairs, metals, cryptocurrencies, energies and Indices as trading instruments.

The broker is registered and authorised in Seychelles by the Financial Services Authority (FSA), in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) and Exness (UK) is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

XM.com 

XM.com is an online broker founded in 2009 with its head office in Cyprus and regulated under the IFSC International Financial Services Commission of Belize, Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission (ASIC).

XM.com offers secure payment methods and good customer service. Deposits can be made in any currency and are automatically converted into the selected base currency.

XM.com has accumulated several awards during its years of service to traders and offers two families of trading platforms: The MT4 family of platforms and the MT5 family of platforms, which also includes the XM WebTrader.

Clients can trade more than 1 000 instruments.

JustForex

JustForex is based in Saint Vincent and Grenadines. It was founded in 2012 and is registered by the Financial Services Authority to offer trading on the ?etaTrader 4 platform. 

JustForex provides several accounts with different currencies and leverages, the website provides analytical materials free of charge and lots of financial instruments, tight spreads, no limits on trading strategies, popular payment methods, with the majority of them not incurring any fees. 

JustForex offers more than 140 instruments but clients can only access a certain number depending on their chosen account.

Tickmill

Tickmill is regulated by the Seychelles Financial Services Authority (FSA) as well as the Financial Conduct Authority (FCA) in the UK.

Tickmill offers a demo account and three live accounts. Trading conditions improve with every account type, as well as with the initial deposit required. Tickmill provides MetaTrader 4 and its own proprietary WebTrader and traders have access to forex currency pairs, stock indices and oil, precious metals, and bonds as trading instruments. 

Hotforex

HOTFOREX is an award-winning Cypriot forex broker founded in 2010 and has its headquarters in Larnaca. The brokerage has offices in Dubai, South Africa and offshore St Vincent and the Grenadines and is authorised by the CySEC, DFSA, FCA, FSA and FSCA. 

HotForex offers trade with more than 150 trading products via the MT4 and MT5 platforms and the mobile HotForex Mobile Application, on a choice of several account types.

HotForex’s pricing is of the lowest in the industry, with negative balance protection for traders worldwide.

7 Best Forex Brokers in South Africa