Lowest cost per trade
Round turn, USD: 4 USD
104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026
Best broker apps in South Africa
Key facts (6 · 21 of 104)
In this ranking
21 of 104
Ranked on all axes
12 of 21
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 / 12 of 21)
The pick for each need (4)
Lowest minimum deposit
Min deposit, USD: 0 USD
Locally licensed
Score: 4.26
Highest leverage
Max leverage: 1:5000
Chosen automatically from 21 brokers. Brokers carrying a regulator warning are excluded.
Compare all 21 brokers and 53 accounts
Sorted by computed score, highest first. Unscored brokers follow.
Showing 21 of 104 brokers that onboard South Africa residents.
21 of 21 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 |  OctaFXOrinoco Capital Pty Ltd | 4.26 | 9 | 25 | 1:1000 | 3 | MT4MT5OctaTrader | Yes |
| 2 |  Capital.comSouth African clients are now… | 4.14 | 6 | 20 | 1:30group | 24 | mobile appplus MT4MT5 | Yes |
| 3 |  ExinityExinity Limited | 3.97 | 4 | no data | no data | 24 | MT4 | Yes |
| 4 |  FXGTSouth African clients are… | 3.94 | 6 | 10 | 1:5000 | 24 | MT4MT5app. | Yes |
| 5 |  IG Markets SAIG Markets South Africa… | 3.80 | 7.5 | 50 | 1:30 | 72 | MT4ProRealTime | Yes |
| 6 |  IG MarketsIG Markets South Africa Ltd | 3.54 | 13.6 | 50 | 1:20 | 72 | IG webappProRealTime | Yes |
| 7 |  Forex.comGAIN Global Markets Inc | 3.44 | 7 | no data | 1:50 | no data | MT4MT5TradingView. | Offshore entity |
| 8 |  Traders TrustOffshore TTCM Traders Trust… | 3.27 | 6 | 50 | 1:3000 | 24 | webcTraderTradingView. | Offshore entity |
| 9 |  BlackBull MarketsBBG Limited | 3.20 | 6 | 0 | 1:500 | 72 | MT4MT5cTrader | Offshore entity |
| 10 |  DukascopyServed by Dukascopy Bank SA… | 2.95 | 8 | 100 | 1:200 | 48 | JForex 4MT4MT5. | Offshore entity |
| 11 |  Doo PrimeSouth African retail served… | 2.89 | 7 | 5group | 1:1000 | 24 | MT4MT5 | Offshore entity |
| 12 |  SatrixSatrix Managers (RF) (Pty)… | 2.42 | not priced | no data | no data | no data | SatrixNOW web | Yes |
| 13 |  EasyEquitiesof Purple Group Ltd | 2.19 | not priced | no data | no data | 120 | Android) | Yes |
| 14 |  NAGAServed under offshore NAGA… | 2.16 | 11 | 250 | 1:1000 | 24 | webMT4MT5. | Offshore entity |
| 15 |  InstaForexSA clients served via… | 2.13 | not priced | 1group | 1:1000 | 7 | MT4MT5mobile. | Offshore entity |
| 16 |  BDSwissSouth African clients are… | 2.02 | 10 | no data | no data | 24 | MT4MT5iOS | Offshore entity |
| 17 |  T4TradeTradeco Ltd | 2.02 | 18 | no data | 1:1000 | 24 | desktop | Offshore entity |
| 18 |  FNB Share Investingof FirstRand Bank Ltd | 1.95 | not priced | no data | no data | no data | — | Yes |
| 19 |  10X Investments10X Investments (Pty) Ltd | no data | not priced | no data | no data | no data | — | Yes |
| 20 |  Absa Stockbrokers & Portfolio Managementof Absa Group Ltd | no data | not priced | no data | no data | no data | — | Yes |
| 21 |  Investec Online / ClarityInvestec Bank Ltd | no data | not priced | no data | no data | no data | — | Yes |
53 of 53 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 |
|---|---|---|---|---|---|
| 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 | — |
| 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 | — |
| Capital.comStandard account | 20 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| 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 | — |
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| 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 |
| 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 | — |
| Forex.comStandard Account | 100 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| Forex.comRAW Spread Account | 100 | 0advertised | 10per standard lot | 10round turn, USD | — |
| Doo PrimeSTP Account | 100 | — | Any | — | — |
| Doo PrimeECN Account | 5000 | — | — | — | — |
| 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 | — |
| T4TradeStandard | — | 1.8advertised | Anyper standard lot | 18round turn, USD | — |
| T4TradePremium | — | 1.6advertised | Anyper standard lot | 16round turn, USD | — |
| T4TradePrivilege | — | 1.1advertised | Anyper standard lot | 11round turn, USD | — |
| T4TradeCent | — | 1.6advertised | Anyper standard lot | 16round 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 | — |
| 10X InvestmentsSTANDARD | 500 | — | — | — | — |
| Absa Stockbrokers & Portfolio ManagementWorld Trader Account | 1000 | — | — | — | — |
| EasyEquitiesZAR account | — | — | — | — | — |
| EasyEquitiesUSD/GBP/EUR/AUD offshore accounts | — | — | — | — | — |
| IG Markets SAIG trading account | — | 0.6advertised | Any | 6round turn, USD | — |
| Investec Online / ClarityInvestec Online Share Trading account | — | — | — | — | — |
| Investec Online / ClarityClarity investing account | 25 | — | — | — | — |
| SatrixZAR investment account | — | — | — | — | — |
| FNB Share InvestingZAR cash accounts | — | — | — | — | — |
| FNB Share InvestingShare Investor | — | — | — | — | — |
| FNB Share InvestingShare Trader | — | — | — | — | — |
| FNB Share InvestingTax-Free Shares Account | — | — | — | — | — |
| 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 |
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: 9 of 21 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?
21 of 104 of the 104 brokers in our South Africa base, and 12 of 21 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 best broker apps 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: 21 brokers, 53 accounts, 81 priced.