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104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026Some links are partner links. They never change a score or a position.

Lowest minimum deposit in South Africa

Key facts (6 · 49 of 104)

In this ranking
49 of 104
Ranked on all axes
39 of 49
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 / 39 of 49)

1. OctaFX

Score 4.26 · Round turn, USD 9.0 USD

Read the review

2. Capital.com

Score 4.14 · Round turn, USD 6.0 USD

Read the review

3. FXGT

Score 3.94 · Round turn, USD 6.0 USD

Read the review

The pick for each need (4)

Lowest cost per trade

XTB

Round turn, USD: 1 USD

Lowest minimum deposit

CFI

Min deposit, USD: 0 USD

Highest leverage

FXGT

Max leverage: 1:5000

Chosen automatically from 49 brokers. Brokers carrying a regulator warning are excluded.

Compare all 49 brokers and 141 accounts

Sorted by computed score, highest first. Unscored brokers follow.
Showing 49 of 104 brokers that onboard South Africa residents.

49 of 49 shown

Click a column heading to sort. Figures are list terms, no promo codes.

#BrokerScoreRound turn, USDMin deposit, USDMax leverageWithdrawal, hPlatformsAccepts ZA residents
1CFICFI Financial (Pty) Ltd…4.48not priced01:50024MT4MT5cTrader.Yes
2OctaFXOrinoco Capital Pty Ltd4.269251:10003MT4MT5OctaTraderYes
3Capital.comSouth African clients are now…4.146201:30group24mobile appplus MT4MT5Yes
4FP MarketsSouth African clients are…4.106.51001:50072MT4MT5cTraderYes
5FXGTSouth African clients are…3.946101:500024MT4MT5app.Yes
6AdmiralsSouth African clients served…3.926251:50024MT4MT5Yes
7MitradeMitrade Markets Pty Ltd3.868.5201:20024web; no MT4MT5.Yes
8ThinkMarketsPty Ltd3.807501:5004MT4MT5TradingView.Yes
9IG Markets SAIG Markets South Africa…3.807.5501:3072MT4ProRealTimeYes
10TickmillTickmill South Africa (Pty)…3.7961001:100024MT4MT5.Yes
11AvaTradeLocal Ava Capital Markets Pty…3.7791001:40024MT4MT5WebTraderYes
12FXCMServed locally by Stratos…3.76741:40072MT4Yes
13CMTradingGCMT South Africa (Pty) Ltd…3.7483001:20024MT4WebTradercopy-trading.Yes
14STARTRADERSTARTRADER International Pty…3.714501:100024MT4Yes
15HeadwayHome base: Jarocel (Pty) Ltd…3.6631no data0.5MT4MT5Headway App.Yes
16CAPEXJME Financial Services (Pty)…3.596.51001:30024—Yes
17Grand CapitalGrand Capital Ltd3.565101:5000.25MT4MT5WebTrader.Offshore entity
18Markets.comPty Ltd3.5561001:300168WebTraderMT4MT5Yes
19Fusion MarketsSouth African retail clients…3.544.501:5001MetaTrader 4MetaTrader 5cTraderOffshore entity
20IG MarketsIG Markets South Africa Ltd3.5413.6501:2072IG webappProRealTimeYes
21IC MarketsSouth African clients are…3.527.52001:50024webmobile.Offshore entity
22Land-FXLand Prime Ltd3.493.35101:20001MT4MT5.Offshore entity
23Moneta MarketsMoneta Markets Ltd3.367501:100024MT4MT5Yes
24FxProFxPro Markets Direct Costa…3.3171001:2003MT4MT5cTraderYes
25PepperstonePepperstone Markets Kenya…3.2972001:40024MT4MT5cTraderOffshore entity
26Traders TrustOffshore TTCM Traders Trust…3.276501:300024webcTraderTradingView.Offshore entity
27Plus500Plus500AU Pty Ltd3.258101:3072desktopiOSMT5Yes
28BlackBull MarketsBBG Limited3.20601:50072MT4MT5cTraderOffshore entity
29Scope Markets SAScope Markets SA (Pty) Ltd…3.2091001:1000120—Yes
30FIBO GroupSouth African clients…3.136501:100048MT4MT5cTrader.Offshore entity
31GO MarketsGO Markets Pty Ltd3.0662001:50048MT4MT5cTrader.Offshore entity
32XTBXTB International Limited3.05101:50072desktopOffshore entity
33OrbexServed offshore via Orbex…3.0481001:50024MT4MT5.Offshore entity
34FXChoiceFX Choice Ltd3.0071001:20024MT4MT5.Offshore entity
35DukascopyServed by Dukascopy Bank SA…2.9581001:20048JForex 4MT4MT5.Offshore entity
36IronFXNotesco SA (Pty) Ltd —…2.94181001:500240MT4 (primary)MT5WebTrader.Yes
37AlpariParlance Trading Ltd2.853.5301:300024MetaTrader 4Offshore entity
38Trive South AfricaTrive International Ltd2.80100no data168desktopmobilewebYes
39LiteFinanceSouth African residents are…2.7718501:100024MT4MT5cTraderOffshore entity
40FXTMForexTime Ltd2.6716101:200024MT4MT5 (desktopwebYes
41ForexMartOffshore Tradomart SV Ltd2.6410151:5007MT4MT5.Offshore entity
42SkillingServed by offshore Skilling…2.628.51001:50024MT4cTrader.Offshore entity
43Interactive BrokersIBKR LLC2.5850no data48TWSIBKR DesktopmobileYes
44SwissquoteSwissquote Bank Ltd2.501610001:10024MT4MT5.Offshore entity
45EquitiSA clients served via group…2.3085001:50024MT4MT5Offshore entity
46NAGAServed under offshore NAGA…2.16112501:100024webMT4MT5.Offshore entity
47ZuluTradeCopy-trading/social-trading…no datanot priced1001:500groupno dataMT5X Open HubMatch-TraderYes
48GT247.comof JSE-listed Purple Group Ltdno datanot priced01:25no data—Yes
49Nedbank Online Share TradingNedgroup Private Wealth…no datanot priced0no datano data—Yes

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 entityBrokers with a figureMax leverage · MedianRange
local
12 of 104
1:500geo1:200–1:5000
offshore
26 of 104
1:500geo1:200–1:3000
unclear
34 of 104
1:400geo1:20–1:3000

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)

  1. 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.
  2. 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.
  3. 3ScoreTreat a blank as a blank: 10 of 49 brokers here are missing at least one axis and are listed without a score.
  4. 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.
  5. 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.

Methodology

FAQ (4)

How many brokers are in this ranking?

49 of 104 of the 104 brokers in our South Africa base, and 39 of 49 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 lowest minimum deposit 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.

  1. DataFirst publication: 49 brokers, 141 accounts, 81 priced.