Lowest cost per trade
Round turn, USD: 1 USD
104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026
Commission-free accounts in South Africa
Key facts (6 · 20 of 104)
In this ranking
20 of 104
Ranked on all axes
17 of 20
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 / 17 of 20)
The pick for each need (4)
Lowest minimum deposit
Min deposit, USD: 0 USD
Fastest withdrawal
Withdrawal, h: 3 h
Highest leverage
Max leverage: 1:2000
Chosen automatically from 20 brokers. Brokers carrying a regulator warning are excluded.
Compare all 20 brokers and 46 accounts
Sorted by computed score, highest first. Unscored brokers follow.
Showing 20 of 104 brokers that onboard South Africa residents.
20 of 20 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 |  OctaFXOrinoco Capital Pty Ltd | 4.26 | 9 | 25 | 1:1000 | 3 | MT4MT5OctaTrader | Yes |
| 3 |  Capital.comSouth African clients are now… | 4.14 | 6 | 20 | 1:30group | 24 | mobile appplus MT4MT5 | Yes |
| 4 |  MitradeMitrade Markets Pty Ltd | 3.86 | 8.5 | 20 | 1:200 | 24 | web; no MT4MT5. | Yes |
| 5 |  AvaTradeLocal Ava Capital Markets Pty… | 3.77 | 9 | 100 | 1:400 | 24 | MT4MT5WebTrader | Yes |
| 6 |  Markets.comPty Ltd | 3.55 | 6 | 100 | 1:300 | 168 | WebTraderMT4MT5 | Yes |
| 7 |  ActivTradesSouth African clients… | 3.39 | 4.2 | no data | 1:200 | 24 | ActivTraderMT4MT5 | Offshore entity |
| 8 |  Trade NationSouth African clients are… | 3.30 | 5 | 0group | 1:200 | 120 | mobile) | Yes |
| 9 |  Khwezi TradeKhwezi Trade (Pty) Ltd, Cape… | 3.27 | 4 | 50group | 1:400 | 72 | — | Yes |
| 10 |  Plus500Plus500AU Pty Ltd | 3.25 | 8 | 10 | 1:30 | 72 | desktopiOSMT5 | Yes |
| 11 |  XTBXTB International Limited | 3.05 | 1 | 0 | 1:500 | 72 | desktop | Offshore entity |
| 12 |  ATFXAT Global Markets SA (Pty)… | 3.04 | 12 | 500group | 1:400 | 24 | MT4MT5. | Yes |
| 13 |  LiteFinanceSouth African residents are… | 2.77 | 18 | 50 | 1:1000 | 24 | MT4MT5cTrader | Offshore entity |
| 14 |  FXTMForexTime Ltd | 2.67 | 16 | 10 | 1:2000 | 24 | MT4MT5 (desktopweb | Yes |
| 15 |  ErranteServed under offshore Errante… | 2.63 | not priced | no data | 1:1000 | 24 | MT4MT5cTrader | Offshore entity |
| 16 |  EasyEquitiesof Purple Group Ltd | 2.19 | not priced | no data | no data | 120 | Android) | Yes |
| 17 |  T4TradeTradeco Ltd | 2.02 | 18 | no data | 1:1000 | 24 | desktop | Offshore entity |
| 18 |  eToroServed; South African clients… | 1.98 | 10 | no data | 1:30 | 120 | MT5. | Yes |
| 19 |  AxioryAxiory Global Ltd | 1.73 | 2 | no data | 1:400 | 240 | MT4MT5cTrader | Offshore entity |
| 20 |  FortradeServed internationally via… | 0.80 | 20 | 100group | no data | 120 | mobile) + MT4. | Offshore entity |
46 of 46 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 |
|---|---|---|---|---|---|
| Trade NationTN Trader / TradingView account | — | 0.3advertised | Anyper standard lot | 3round turn, USD | — |
| Capital.comStandard account | 20 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| LiteFinanceECN | 50 | 0advertised | 0.5per standard lot | 0.5round turn, USD | Swap-free |
| LiteFinanceCLASSIC | 50 | 1.8advertised | Anyper standard lot | 18round turn, USD | Swap-free |
| LiteFinanceCENT | 10 | 3advertised | Anyper standard lot | 30round turn, USD | Swap-free |
| Plus500Real | — | — | Any | — | — |
| 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 |
| MitradeStandard Account | — | — | Any | — | — |
| MitradePro Account | — | — | Any | — | — |
| AvaTradeIslamic | — | — | — | — | Swap-free |
| FXTMMicro | 30 | 1.7advertised | Anyper standard lot | 17round turn, USD | — |
| FXTMRewards | 200 | 0.9advertised | Anyper standard lot | 9round turn, USD | — |
| FXTMRewards Plus | 200 | 1.5advertised | Anyper standard lot | 15round turn, USD | — |
| FXTMAdvantage | 500 | 0advertised | 7per standard lot | 7round turn, USD | — |
| eToroRetail account | — | 1advertised | Anyper standard lot | 10round turn, USD | — |
| eToroSwap-Free account | 1000 | — | — | — | Swap-free |
| ATFXStandard | 200 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| ATFXMicro | 100 | 1.8advertised | Anyper standard lot | 18round turn, USD | — |
| ATFXRaw | 10000 | 0advertised | — | 0round turn, USD | — |
| 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 | — |
| FortradeSwap-Free Account | — | — | — | — | Swap-free |
| 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 | — |
| 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 | — |
| Markets.comStandard | — | 0.7advertised | Any | 7round turn, USD | — |
| Markets.comRaw | — | 0.1advertised | — | 1round turn, USD | — |
| Markets.comMicro | — | 0.7advertised | Any | 7round turn, USD | — |
| EasyEquitiesZAR account | — | — | — | — | — |
| EasyEquitiesUSD/GBP/EUR/AUD offshore accounts | — | — | — | — | — |
| Khwezi TradeFour live account types | 500 | — | — | — | — |
| Khwezi Tradedemo | — | — | — | — | — |
| 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: 3 of 20 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?
20 of 104 of the 104 brokers in our South Africa base, and 17 of 20 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 commission-free 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: 20 brokers, 46 accounts, 81 priced.