Forex Brokers in RSA

Find a list of the best Forex brokers regulated in South Africa registered with Financial Sector Conduct Authority (FSCA), for Forex trading online with ZAR accounts wherever you are in RSA, in Cape Town or in Sandton, Johannesburg, ZA.

Risk Warning: Your capital is at risk.

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Broker
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FSCA Minimum Deposit
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ECN (Min. Deposit)
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MT4 MT5 Review
1 XM Group 47346 R75 / $5
Review
2 HotForex 46632
Review
3 IronFX 45276 R1500 / $100 R1500 / $100
Review
4 AvaTrade 45984 $100
Review
5 FXTM 46614 $50 $500
Review
6 XTB 49970
Review
7 Plus500 48500 R1500 / $100
Review
8 Tickmill 49464 $100 $100
Review
9 FxPro 45052 R1500 / $100
Review
10 FXCM 46534
Review
11 Globex360 50130 R1500 / $100
Review
12 FxPrimus 46675 $100 $100
Review
13 ThinkMarkets 49835 $250 $2000
Review
14 Markets.com 46860 R1500 / $100
Review
FSCA 47346
Minimum Deposit R75 / $5
MT4
MT5

FSCA 46632
MT4
MT5

FSCA 45276
Minimum Deposit R1500 / $100
ECN R1500 / $100 (Min. Deposit)
MT4
MT5

FSCA 45984
Minimum Deposit $100
MT4
MT5

FSCA 46614
Minimum Deposit $50
ECN $500 (Min. Deposit)
MT4
MT5

FSCA 49970
MT4
MT5

FSCA 48500
Minimum Deposit R1500 / $100
MT4
MT5

FSCA 49464
Minimum Deposit $100
ECN $100 (Min. Deposit)
MT4
MT5

FSCA 45052
Minimum Deposit R1500 / $100
MT4
MT5

FSCA 46534
MT4
MT5

FSCA 50130
Minimum Deposit R1500 / $100
MT4
MT5

FSCA 46675
Minimum Deposit $100
ECN $100 (Min. Deposit)
MT4
MT5

FSCA 49835
Minimum Deposit $250
ECN $2000 (Min. Deposit)
MT4
MT5

FSCA 46860
Minimum Deposit R1500 / $100
MT4
MT5


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What is Forex?



Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.

Forex trading



Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.

What is a broker?



Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.


Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital.

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