Lowest cost per trade
Round turn, USD: 1 USD
104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026
Raw-spread and ECN accounts in South Africa
Key facts (6 · 65 of 104)
In this ranking
65 of 104
Ranked on all axes
53 of 65
Round turn, USD · Median
7.0 USD
Min deposit, USD · Median
50.0 USD
Max leverage
500.0geo
Withdrawal, h · Median
24.0 h
Top picks (3 / 53 of 65)
The pick for each need (4)
Lowest minimum deposit
Min deposit, USD: 0 USD
Fastest withdrawal
Withdrawal, h: 0.25 h
Highest leverage
Max leverage: 1:5000
Chosen automatically from 65 brokers. Brokers carrying a regulator warning are excluded.
Compare all 65 brokers and 198 accounts
Sorted by computed score, highest first. Unscored brokers follow.
Showing 65 of 104 brokers that onboard South Africa residents.
65 of 65 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| # | Broker | Score | Round turn, USD | Min deposit, USD | Max leverage | Withdrawal, h | Platforms | Accepts ZA residents |
|---|---|---|---|---|---|---|---|---|
| 1 |  CFICFI Financial (Pty) Ltd… | 4.48 | not priced | 0 | 1:500 | 24 | MT4MT5cTrader. | Yes |
| 2 |  FinvasiaSouth Africa served via… | 4.38 | 4 | 50group | 1:1000group | no data | MT4MT5 | Yes |
| 3 |  OctaFXOrinoco Capital Pty Ltd | 4.26 | 9 | 25 | 1:1000 | 3 | MT4MT5OctaTrader | Yes |
| 4 |  ExnessExness ZA (PTY) Ltd | 4.16 | 7 | no data | no data | 24 | MetaTrader 4MetaTrader 5iOS | Yes |
| 5 |  FP MarketsSouth African clients are… | 4.10 | 6.5 | 100 | 1:500 | 72 | MT4MT5cTrader | Yes |
| 6 |  HFMSA clients served under LOCAL… | 4.10 | 6 | 0group | 1:2000 | 24 | MT4MT5HFM app. | Yes |
| 7 |  ExinityExinity Limited | 3.97 | 4 | no data | no data | 24 | MT4 | Yes |
| 8 |  ACY SecuritiesACY Securities SA (Pty) Ltd… | 3.95 | 6 | 50group | 1:500group | 24 | MT4MT5 | Yes |
| 9 |  FXGTSouth African clients are… | 3.94 | 6 | 10 | 1:5000 | 24 | MT4MT5app. | Yes |
| 10 |  AdmiralsSouth African clients served… | 3.92 | 6 | 25 | 1:500 | 24 | MT4MT5 | Yes |
| 11 |  ThinkMarketsPty Ltd | 3.80 | 7 | 50 | 1:500 | 4 | MT4MT5TradingView. | Yes |
| 12 |  TickmillTickmill South Africa (Pty)… | 3.79 | 6 | 100 | 1:1000 | 24 | MT4MT5. | Yes |
| 13 |  FXCMServed locally by Stratos… | 3.76 | 7 | 4 | 1:400 | 72 | MT4 | Yes |
| 14 |  CMTradingGCMT South Africa (Pty) Ltd… | 3.74 | 8 | 300 | 1:200 | 24 | MT4WebTradercopy-trading. | Yes |
| 15 |  STARTRADERSTARTRADER International Pty… | 3.71 | 4 | 50 | 1:1000 | 24 | MT4 | Yes |
| 16 | HeadwayHome base: Jarocel (Pty) Ltd… | 3.66 | 3 | 1 | no data | 0.5 | MT4MT5Headway App. | Yes |
| 17 |  JustMarketsJust Global Markets Pty Ltd | 3.64 | 3 | 10group | 1:3000 | 48 | — | Yes |
| 18 |  CAPEXJME Financial Services (Pty)… | 3.59 | 6.5 | 100 | 1:300 | 24 | — | Yes |
| 19 |  Grand CapitalGrand Capital Ltd | 3.56 | 5 | 10 | 1:500 | 0.25 | MT4MT5WebTrader. | Offshore entity |
| 20 |  Fusion MarketsSouth African retail clients… | 3.54 | 4.5 | 0 | 1:500 | 1 | MetaTrader 4MetaTrader 5cTrader | Offshore entity |
| 21 |  IG MarketsIG Markets South Africa Ltd | 3.54 | 13.6 | 50 | 1:20 | 72 | IG webappProRealTime | Yes |
| 22 |  IC MarketsSouth African clients are… | 3.52 | 7.5 | 200 | 1:500 | 24 | webmobile. | Offshore entity |
| 23 |  Land-FXLand Prime Ltd | 3.49 | 3.35 | 10 | 1:2000 | 1 | MT4MT5. | Offshore entity |
| 24 |  Forex.comGAIN Global Markets Inc | 3.44 | 7 | no data | 1:50 | no data | MT4MT5TradingView. | Offshore entity |
| 25 |  ActivTradesSouth African clients… | 3.39 | 4.2 | no data | 1:200 | 24 | ActivTraderMT4MT5 | Offshore entity |
| 26 |  Global PrimeGleneagle Securities Pty Ltd | 3.39 | 7 | no data | 1:500 | 2 | MT4MT5 | Offshore entity |
| 27 |  Moneta MarketsMoneta Markets Ltd | 3.36 | 7 | 50 | 1:1000 | 24 | MT4MT5 | Yes |
| 28 |  AMarketsAMarkets Ltd | 3.35 | 7 | no data | 1:3000 | 24 | MT4MT5AMarkets App. | Offshore entity |
| 29 |  Scope MarketsScope Markets SA (Pty) Ltd. | 3.33 | 9 | no data | no data | 48 | MT4MT5IRESS. | Yes |
| 30 |  Ultima MarketsUltima Markets (Pty) Ltd, an… | 3.33 | 5 | 50group | 1:2000 | 120 | MT4MT5. | Yes |
| 31 |  FxProFxPro Markets Direct Costa… | 3.31 | 7 | 100 | 1:200 | 3 | MT4MT5cTrader | Yes |
| 32 |  PepperstonePepperstone Markets Kenya… | 3.29 | 7 | 200 | 1:400 | 24 | MT4MT5cTrader | Offshore entity |
| 33 |  Traders TrustOffshore TTCM Traders Trust… | 3.27 | 6 | 50 | 1:3000 | 24 | webcTraderTradingView. | Offshore entity |
| 34 |  Khwezi TradeKhwezi Trade (Pty) Ltd, Cape… | 3.27 | 4 | 50group | 1:400 | 72 | — | Yes |
| 35 |  BlackBull MarketsBBG Limited | 3.20 | 6 | 0 | 1:500 | 72 | MT4MT5cTrader | Offshore entity |
| 36 |  Hantec MarketsHantec Markets Ltd | 3.16 | 3 | 10group | 1:500 | 48 | MT4MT5Hantec Mobile | Offshore entity |
| 37 |  FIBO GroupSouth African clients… | 3.13 | 6 | 50 | 1:1000 | 48 | MT4MT5cTrader. | Offshore entity |
| 38 |  GO MarketsGO Markets Pty Ltd | 3.06 | 6 | 200 | 1:500 | 48 | MT4MT5cTrader. | Offshore entity |
| 39 |  XTBXTB International Limited | 3.05 | 1 | 0 | 1:500 | 72 | desktop | Offshore entity |
| 40 |  OrbexServed offshore via Orbex… | 3.04 | 8 | 100 | 1:500 | 24 | MT4MT5. | Offshore entity |
| 41 |  FXChoiceFX Choice Ltd | 3.00 | 7 | 100 | 1:200 | 24 | MT4MT5. | Offshore entity |
| 42 |  TraduStratos South Africa (Pty)… | 2.99 | 5.9 | 50group | 1:30 | 120 | MT5 or API. | Yes |
| 43 |  DukascopyServed by Dukascopy Bank SA… | 2.95 | 8 | 100 | 1:200 | 48 | JForex 4MT4MT5. | Offshore entity |
| 44 |  IronFXNotesco SA (Pty) Ltd —… | 2.94 | 18 | 100 | 1:500 | 240 | MT4 (primary)MT5WebTrader. | Yes |
| 45 |  Blueberry MarketsServed via offshore Blueberry… | 2.91 | 7 | no data | 1:500 | 48 | MT4MT5TradingView | Offshore entity |
| 46 |  Doo PrimeSouth African retail served… | 2.89 | 7 | 5group | 1:1000 | 24 | MT4MT5 | Offshore entity |
| 47 |  AlpariParlance Trading Ltd | 2.85 | 3.5 | 30 | 1:3000 | 24 | MetaTrader 4 | Offshore entity |
| 48 |  HYCMHYCM Ltd | 2.85 | 5 | no data | 1:500 | 24 | MT4MT5. | Offshore entity |
| 49 |  Amana CapitalAmana Capital Ltd | 2.81 | 7 | 50group | 1:100 | 48 | MT4MT5 | Offshore entity |
| 50 |  MultiBank GroupSouth African clients served… | 2.80 | 15 | no data | 1:500 | 48 | MT4MT5 | Offshore entity |
| 51 |  Trive South AfricaTrive International Ltd | 2.80 | 10 | 0 | no data | 168 | desktopmobileweb | Yes |
| 52 |  FXOpenOffshore FXOpen Markets Ltd | 2.79 | 1.5 | no data | 1:500 | 24 | MT4MT5TickTrader. | Offshore entity |
| 53 |  Windsor BrokersWindsor Brokers International… | 2.64 | 8 | 50group | 1:1000 | 24 | MT4; WebTradermobile. | Offshore entity |
| 54 |  Fullerton MarketsFullerton Markets… | 2.64 | 7 | no data | 1:500 | 72 | MT4 | Offshore entity |
| 55 |  ErranteServed under offshore Errante… | 2.63 | not priced | no data | 1:1000 | 24 | MT4MT5cTrader | Offshore entity |
| 56 |  SkillingServed by offshore Skilling… | 2.62 | 8.5 | 100 | 1:500 | 24 | MT4cTrader. | Offshore entity |
| 57 |  Interactive BrokersIBKR LLC | 2.58 | 5 | 0 | no data | 48 | TWSIBKR Desktopmobile | Yes |
| 58 |  SwissquoteSwissquote Bank Ltd | 2.50 | 16 | 1000 | 1:100 | 24 | MT4MT5. | Offshore entity |
| 59 |  EquitiSA clients served via group… | 2.30 | 8 | 500 | 1:500 | 24 | MT4MT5 | Offshore entity |
| 60 |  TMGMTrademax Global Ltd | 2.25 | 7 | 100group | 1:1000 | 96 | MT4MT5IRESS | Offshore entity |
| 61 |  InstaForexSA clients served via… | 2.13 | not priced | 1group | 1:1000 | 7 | MT4MT5mobile. | Offshore entity |
| 62 |  EightcapEightcap Global Limited | 2.03 | 7 | 100group | 1:500 | 120 | MT4MT5WebTrader | Offshore entity |
| 63 |  BDSwissSouth African clients are… | 2.02 | 10 | no data | no data | 24 | MT4MT5iOS | Offshore entity |
| 64 |  AxioryAxiory Global Ltd | 1.73 | 2 | no data | 1:400 | 240 | MT4MT5cTrader | Offshore entity |
| 65 |  ADSSADS Securities LLC | 1.70 | 12 | 100group | 1:500 | 120 | OREX | Offshore entity |
198 of 198 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| IC MarketsRaw Spread | — | 0advertised | 7per standard lot | 7round turn, USD | Swap-free |
| IC MarketsStandard | — | — | Anyper standard lot | 0round turn, USD | Swap-free |
| BlackBull MarketsECN Standard | 0 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| BlackBull MarketsECN Prime | 0 | 0advertised | 6per standard lot | 6round turn, USD | — |
| BlackBull MarketsPrime+ | 0 | 0advertised | 6per standard lot | 6round turn, USD | — |
| BlackBull MarketsStandard | 50 | 1.4advertised | Anyper standard lot | 14round turn, USD | — |
| BlackBull MarketsRaw | 100 | 0advertised | 6per standard lot | 6round turn, USD | — |
| BlackBull MarketsPro | 500 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| EightcapStandard | 100 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| EightcapRaw | 100 | 0advertised | 7per standard lot | 7round turn, USD | — |
| Fusion MarketsZero Account | — | 0advertised | 4.5per standard lot | 4.5round turn, USD | — |
| Fusion MarketsClassic Account | — | 0.92advertised | Anyper standard lot | 9.2round turn, USD | — |
| Fusion MarketsSwap-Free Account | — | — | — | — | Swap-free |
| PepperstoneStandard | 0 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| PepperstoneRazor | 0 | 0advertised | 7per standard lot | 7round turn, USD | — |
| PepperstoneStandard account (swap-free) | — | 1.1advertised | Anyper standard lot | 11round turn, USD | Swap-free |
| AlpariMicro | 30 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| AlpariStandard | 100 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| AlpariECN | 300 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| AlpariPRO ECN | 500 | 0advertised | 5per standard lot | 5round turn, USD | — |
| BDSwissCent | 10 | 1.5advertised | Anyper standard lot | 15round turn, USD | — |
| BDSwissClassic | 10 | 1.3advertised | Anyper standard lot | 13round turn, USD | — |
| BDSwissVIP | 250 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| BDSwissRaw | 500 | 0advertised | 10per standard lot | 10round turn, USD | — |
| FP MarketsStandard Account | — | — | Anyper standard lot | 0round turn, USD | Swap-free |
| FP MarketsRaw Account | — | 0advertised | 6per standard lot | 6round turn, USD | Swap-free |
| FXGTOptimus | 10 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| FXGTPRO | 50 | 0.5advertised | Anyper standard lot | 5round turn, USD | — |
| FXGTECN Zero | 100 | 0advertised | 6per standard lot | 6round turn, USD | — |
| FXGTStandard+ | 10 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| FXGTMini | 5 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| Moneta MarketsDirect STP | 50 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| Moneta MarketsPrime ECN | 50 | 0advertised | 6per standard lot | 6round turn, USD | — |
| Moneta MarketsUltra ECN | 20000 | 0advertised | 2per standard lot | 2round turn, USD | — |
| TMGMEDGE | 0 | 0advertised | 7per standard lot | 7round turn, USD | — |
| TMGMCLASSIC | 0 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| ThinkMarketsStandard | — | — | Any | — | — |
| ThinkMarketsThinkZero | 500 | 0advertised | 7per standard lot | 7round turn, USD | — |
| XTBStandard | — | — | Anyper standard lot | 0round turn, USD | — |
| ActivTradesIndividual | — | 0.5advertised | Anyper standard lot | 5round turn, USD | — |
| ActivTradesProfessional | — | 0.5advertised | Anyper standard lot | 5round turn, USD | — |
| ActivTradesIslamic Account | — | 0.5advertised | Anyper standard lot | 5round turn, USD | Swap-free |
| HFMInfinityX | 500 | 0.3advertised | Anyper standard lot | 3round turn, USD | Swap-free |
| HFMCent | 0 | 1.4advertised | Anyper standard lot | 14round turn, USD | Swap-free |
| HFMZero | 0 | 0advertised | — | 0round turn, USD | Swap-free |
| HFMPro | 100 | 0.6advertised | Anyper standard lot | 6round turn, USD | Swap-free |
| HFMPremium | 0 | 1.4advertised | Anyper standard lot | 14round turn, USD | Swap-free |
| HYCMFixed | 20 | 1.5advertised | — | 15round turn, USD | — |
| HYCMClassic | 20 | 1.2advertised | — | 12round turn, USD | — |
| HYCMRaw | 20 | 0.1advertised | 4per standard lot | 5round turn, USD | — |
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| MultiBank GroupStandard | 50 | 1.5advertised | Anyper standard lot | 15round turn, USD | — |
| MultiBank GroupPro | 1000 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| MultiBank GroupECN | 10000 | 0advertised | 6per standard lot | 6round turn, USD | — |
| AdmiralsTrade.MT5 | — | 0.5advertised | Anyper standard lot | 5round turn, USD | — |
| AdmiralsZero.MT5 | — | 0advertised | 3.6per standard lot | 3.6round turn, USD | — |
| AdmiralsTrade.MT4 | — | 0.5advertised | Anyper standard lot | 5round turn, USD | — |
| AdmiralsZero.MT4 | — | 0advertised | — | 0round turn, USD | — |
| AdmiralsIslamic Trade.MT5 | — | 0.5advertised | — | 5round turn, USD | Swap-free |
| CAPEXEssential | 100 | — | — | — | — |
| CAPEXOriginal | 5000 | — | — | — | — |
| CAPEXSignature | 25000 | — | — | — | — |
| DukascopyECN account | 100 | 0.1advertised | 70per standard lot | 71round turn, USD | — |
| DukascopySwap-free account | 100 | 0.1advertised | 80per standard lot | 81round turn, USD | Swap-free |
| Interactive BrokersIDEALPRO | 25000 | — | 5per standard lot | 5round turn, USD | — |
| TickmillClassic Account | 100 | 1.6advertised | Anyper standard lot | 16round turn, USD | — |
| TickmillRaw Account | 100 | 0advertised | 6per standard lot | 6round turn, USD | — |
| TickmillTradingView Raw | 100 | 0advertised | 7per standard lot | 7round turn, USD | — |
| ExinityAdvantage | 200 | 0advertised | 7per standard lot | 7round turn, USD | — |
| ExinityAdvantage Plus | 200 | 1.5advertised | Anyper standard lot | 15round turn, USD | — |
| ExinityMicro | — | — | Anyper standard lot | 0round turn, USD | — |
| FXCMStandard | — | 1.3advertised | Anyper standard lot | 13round turn, USD | — |
| Forex.comStandard Account | 100 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| Forex.comRAW Spread Account | 100 | 0advertised | 10per standard lot | 10round turn, USD | — |
| SwissquoteSTANDARD | 1000 | 1.7advertised | Anyper standard lot | 17round turn, USD | — |
| SwissquotePREMIUM | 10000 | 1.4advertised | Anyper standard lot | 14round turn, USD | — |
| SwissquotePRIME | 50000 | 1.1advertised | Anyper standard lot | 11round turn, USD | — |
| ADSSStandard | 100 | — | — | — | — |
| ADSSElite | — | — | — | — | — |
| ADSSPro | — | — | — | — | — |
| AxioryNANO | 10 | 3e-05advertised | 6per standard lot | 6round turn, USD | — |
| AxiorySTANDARD | 10 | 0.00013advertised | Anyper standard lot | 0round turn, USD | — |
| AxioryMAX | 10 | 0.0002advertised | Anyper standard lot | 0round turn, USD | — |
| AxioryZERO | 10 | 0advertised | — | 0round turn, USD | — |
| CFIZero Commission | — | 0.4advertised | Anyper standard lot | 4round turn, USD | — |
| Doo PrimeSTP Account | 100 | — | Any | — | — |
| Doo PrimeECN Account | 5000 | — | — | — | — |
| EquitiClassic Account | 0 | — | Anyper standard lot | 0round turn, USD | — |
| EquitiStandard Account | 30 | — | Anyper standard lot | 0round turn, USD | — |
| EquitiPremier Account | 100 | 0advertised | 7per standard lot | 7round turn, USD | — |
| FxProStandard | — | — | Anyper standard lot | 0round turn, USD | — |
| FxProcTrader | — | — | 7per standard lot | 7round turn, USD | — |
| FxProSwap-free | — | — | — | — | Swap-free |
| IronFXSTANDARD | — | 1.8advertised | Any | 18round turn, USD | — |
| IronFXPREMIUM | — | 1.4advertised | Any | 14round turn, USD | — |
| IronFXVIP | — | 1.2advertised | Any | 12round turn, USD | — |
| IronFXZero Commission | — | 1.6advertised | Any | 16round turn, USD | — |
| IronFXZero Spread | — | 0advertised | — | 0round turn, USD | — |
| IronFXAbsolute Zero | — | 0.3advertised | — | 3round turn, USD | — |
| SkillingStandard | — | — | — | — | — |
| SkillingPremium raw-spread | 5000 | — | — | — | — |
| Windsor BrokersPrime | 50 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| Windsor BrokersZero | 1000 | 0advertised | 8per standard lot | 8round turn, USD | — |
| Windsor BrokersVIP Zero | — | 0advertised | 5per standard lot | 5round turn, USD | — |
| AMarketsStandard | 100 | 1.3advertised | Anyper standard lot | 13round turn, USD | — |
| AMarketsECN | 200 | 0.2advertised | 5per standard lot | 7round turn, USD | — |
| AMarketsZero | 200 | 0advertised | 11per standard lot | 11round turn, USD | — |
| Blueberry MarketsStandard | 100 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| Blueberry MarketsDirect | 100 | 0advertised | 7per standard lot | 7round turn, USD | — |
| FXOpenMICRO | 1 | — | Anyper standard lot | 0round turn, USD | — |
| FXOpenSTP | 10 | 0.5advertised | Anyper standard lot | 5round turn, USD | — |
| FXOpenECN | 100 | 0advertised | 3per standard lot | 3round turn, USD | — |
| GO MarketsStandard | — | — | Anyper standard lot | 0round turn, USD | — |
| GO MarketsPRO+ | — | — | 7per standard lot | 7round turn, USD | — |
| GO MarketsMicro account | 10 | — | Anyper standard lot | 0round turn, USD | — |
| GO MarketsSwap-free Islamic account | — | — | — | — | Swap-free |
| Global PrimeStandard | 0 | 0.9advertised | Anyper standard lot | 9round turn, USD | — |
| Global PrimeRaw | 0 | 0advertised | 7per standard lot | 7round turn, USD | — |
| Hantec MarketsGlobal | 10 | — | Any | — | — |
| Hantec MarketsPro | 10 | 0.1advertised | 4per standard lot | 5round turn, USD | — |
| InstaForexInsta.Standard | 1 | — | Anyper standard lot | 0round turn, USD | — |
| InstaForexInsta.Eurica | 1 | 0advertised | — | 0round turn, USD | — |
| InstaForexCent.Standard | 1 | — | Anyper standard lot | 0round turn, USD | — |
| InstaForexCent.Eurica | 1 | 0advertised | — | 0round turn, USD | — |
| ErranteStandard | 50 | 1.5advertised | Anyper standard lot | 15round turn, USD | — |
| ErrantePremium | — | — | Anyper standard lot | 0round turn, USD | — |
| ErranteVIP | — | — | Anyper standard lot | 0round turn, USD | — |
| ErranteTailor Made | — | 0advertised | — | 0round turn, USD | — |
| FIBO GroupMT4 Cent | 0.01 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| FIBO GroupMT4 Fixed | 50 | 2advertised | Anyper standard lot | 20round turn, USD | — |
| FIBO GroupMT4 NDD | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupMT4 NDD No Commission | 50 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| FIBO GroupcTrader NDD | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupcTrader Zero Spread | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupMT5 NDD | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupMT5 Cent | 0.01 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| FXChoiceOptimum | 10 | — | Any | — | — |
| FXChoiceClassic | 10 | 1advertised | Any | 10round turn, USD | — |
| FXChoicePro | 10 | 1advertised | 7.78per standard lot | 17.78round turn, USD | — |
| Grand CapitalStandard | 100 | — | — | — | — |
| Grand CapitalMicro | 10 | 0.1advertised | — | 1round turn, USD | — |
| Grand CapitalSwap Free | — | — | — | — | Swap-free |
| HeadwayCent | 1 | 0.3advertised | Anyper standard lot | 3round turn, USD | — |
| HeadwayStandard | 10 | 0.3advertised | Anyper standard lot | 3round turn, USD | — |
| HeadwayPro | 100 | 0advertised | 3per standard lot | 3round turn, USD | — |
| Traders TrustClassic | 50 | 1.5advertised | Anyper standard lot | 15round turn, USD | Swap-free |
| Traders TrustPro | 500 | 0advertised | 6per standard lot | 6round turn, USD | — |
| Traders TrustVIP | — | 0advertised | 3per standard lot | 3round turn, USD | — |
| Amana CapitalClassic | 50 | — | — | — | — |
| Amana CapitalActive | — | — | — | — | — |
| Amana CapitalElite | — | — | — | — | — |
| CMTradingBASIC ACCOUNT | 250 | — | Anyper standard lot | 0round turn, USD | — |
| CMTradingTRADER ACCOUNT | 2000 | — | Anyper standard lot | 0round turn, USD | — |
| CMTradingGOLD ACCOUNT | 20000 | 1.9advertised | Any | 19round turn, USD | — |
| CMTradingPREMIUM ACCOUNT | 85000 | 1.9advertised | Anyper standard lot | 19round turn, USD | — |
| CMTradingVIP CLUB | 250000 | — | — | — | — |
| FinvasiaFxview Zero Commission | — | — | Any | — | — |
| FinvasiaRaw ECN | — | — | — | — | — |
| FinvasiaPremium ECN | — | — | — | — | — |
| OrbexStarter | 100 | — | — | — | — |
| OrbexPremium | — | — | — | — | — |
| OrbexUltimate | — | — | — | — | — |
| STARTRADERStandard/ECN | 50 | — | — | — | — |
| STARTRADERPrime ECN | 10000 | — | — | — | — |
| STARTRADERIslamic on request | — | — | — | — | Swap-free |
| Scope MarketsScope Elite | — | — | — | — | — |
| Scope Marketsdemo | — | — | — | — | — |
| Scope MarketsIslamic | — | — | — | — | Swap-free |
| Ultima MarketsIslamic option | — | — | — | — | Swap-free |
| ACY SecuritiesBasic | 50 | 2advertised | Anyper standard lot | 20round turn, USD | — |
| ACY SecuritiesStandard | 100 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| ACY SecuritiesProZero | 200 | 0advertised | 6per standard lot | 6round turn, USD | — |
| Fullerton MarketsVariable Spreads | — | — | Any | — | — |
| Fullerton MarketsRaw Spreads | — | 0advertised | 8per standard lot | 8round turn, USD | — |
| Fullerton MarketsPRO Spreads | — | — | Any | — | Swap-free |
| Land-FXStandard | — | — | — | — | — |
| Land-FXCent | — | — | — | — | — |
| Land-FXAsian Standard | — | — | — | — | — |
| Land-FXECN | — | — | — | — | — |
| TraduIndividual account | — | — | Anyper standard lot | 0round turn, USD | — |
| Khwezi TradeFour live account types | 500 | — | — | — | — |
| Khwezi Tradedemo | — | — | — | — | — |
| Trive South AfricaStandard | — | 1.2advertised | Anyper standard lot | 12round turn, USD | Swap-free |
| Trive South AfricaVIP | 2000 | 0.6advertised | Anyper standard lot | 6round turn, USD | Swap-free |
| Trive South AfricaECN Zero | — | 0advertised | 10per standard lot | 10round turn, USD | Swap-free |
| Trive South AfricaPro Leverage | — | 1.2advertised | Anyper standard lot | 12round turn, USD | Swap-free |
| Trive South AfricaCent | — | 1.2advertised | — | 12round turn, USD | — |
| OctaFXOctaTrader | 25 | 0.6advertised | Anyper standard lot | 6round turn, USD | Swap-free |
| OctaFXMetaTrader 5 | 25 | 0.6advertised | Anyper standard lot | 6round turn, USD | Swap-free |
| OctaFXMetaTrader 4 | 25 | 0.6advertised | Anyper standard lot | 6round turn, USD | Swap-free |
| JustMarketsStandard | 10 | 0.3advertised | Anyper standard lot | 3round turn, USD | — |
| JustMarketsPro | 200 | 0.1advertised | Anyper standard lot | 1round turn, USD | — |
| JustMarketsRaw Spread | 200 | 0advertised | 6per standard lot | 6round turn, USD | — |
| ExnessStandard | — | 0.2advertised | Any | 2round turn, USD | — |
| ExnessPro | — | 0.1advertised | Any | 1round turn, USD | — |
| ExnessZero | — | 0advertised | 0.1per standard lot | 0.1round turn, USD | — |
| ExnessRaw Spread | — | 0advertised | 7per standard lot | 7round turn, USD | — |
Local entity against offshore: what the figures say
A leverage figure is published for 72 of 104 brokers here: 12 onboard through a local entity (median 1:500); 26 onboard through a offshore entity (median 1:500); 34 onboard through a unclear entity (median 1:400).
| Onboarding entity | Brokers with a figure | Max leverage · Median | Range |
|---|---|---|---|
| local | 12 of 104 | 1:500geo | 1:200–1:5000 |
| offshore | 26 of 104 | 1:500geo | 1:200–1:3000 |
| unclear | 34 of 104 | 1:400geo | 1:20–1:3000 |
The numbers across South Africa
Round-turn cost, USD (81 of 104)
Median 7.0 · Range 1.0–20.0 USD
Minimum deposit, USD (49 of 104)
Median 50.0 · Range 0.0–1000.0 USD
Retail leverage (72 of 104)
Median 500.0 · Range 20.0–5000.0 1:x
Withdrawal time, hours (87 of 104)
Median 24.0 · Range 0.0–240.0 h
How to choose (5)
- 1Onboarding entityCheck the entity in the last column: South Africa residents are onboarded by a local entity at some of these brokers and by an offshore one at others.
- 2Round turn, USDCompare the round turn against the median of 7.0 USD, measured on 81 of 104 brokers rather than on the whole base.
- 3ScoreTreat a blank as a blank: 12 of 65 brokers here are missing at least one axis and are listed without a score.
- 4Max leverageRead the leverage column with its marker: a figure the country's regulator did not set belongs to the broker's group, not to this country.
- 5Licence numberOpen the licence number on the broker page and check it in the register before funding.
Related rankings (6)
Methodology
the weighted mean of six axes, each on the same 0–5 scale. A broker enters this ranking only with a review rating and a round-turn price; others are listed with their score withheld.
FAQ (4)
How many brokers are in this ranking?
65 of 104 of the 104 brokers in our South Africa base, and 53 of 65 of them are measured on all six axes.
How is the order decided?
By the computed score: the weighted mean of six axes, each on the same 0–5 scale. A broker without a review rating or without a round-turn price is listed but not ranked.
Which broker leads raw-spread and ecn accounts in south africa?
OctaFX with 4.26 of 5 and a round turn of 9.0 USD.
What does trading cost in South Africa on average?
The median round turn on one EURUSD lot is 7.0 USD, measured on 81 of 104 brokers.
Update log
1 dated event(s), newest first.
- DataFirst publication: 65 brokers, 198 accounts, 81 priced.