Lowest cost per trade
Round turn, USD: 1 USD
104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026
Brokers not authorised by the FSCA in South Africa
Key facts (6 · 45 of 104)
In this ranking
45 of 104
Ranked on all axes
37 of 45
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 / 37 of 45)
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: 1:3000
Chosen automatically from 45 brokers. Brokers carrying a regulator warning are excluded.
Compare all 45 brokers and 130 accounts
Sorted by computed score, highest first. Unscored brokers follow.
Showing 45 of 104 brokers that onboard South Africa residents.
45 of 45 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 |  Grand CapitalGrand Capital Ltd | 3.56 | 5 | 10 | 1:500 | 0.25 | MT4MT5WebTrader. | Offshore entity |
| 2 |  Fusion MarketsSouth African retail clients… | 3.54 | 4.5 | 0 | 1:500 | 1 | MetaTrader 4MetaTrader 5cTrader | Offshore entity |
| 3 |  IC MarketsSouth African clients are… | 3.52 | 7.5 | 200 | 1:500 | 24 | webmobile. | Offshore entity |
| 4 |  Land-FXLand Prime Ltd | 3.49 | 3.35 | 10 | 1:2000 | 1 | MT4MT5. | Offshore entity |
| 5 |  Forex.comGAIN Global Markets Inc | 3.44 | 7 | no data | 1:50 | no data | MT4MT5TradingView. | Offshore entity |
| 6 |  ActivTradesSouth African clients… | 3.39 | 4.2 | no data | 1:200 | 24 | ActivTraderMT4MT5 | Offshore entity |
| 7 |  Global PrimeGleneagle Securities Pty Ltd | 3.39 | 7 | no data | 1:500 | 2 | MT4MT5 | Offshore entity |
| 8 |  AMarketsAMarkets Ltd | 3.35 | 7 | no data | 1:3000 | 24 | MT4MT5AMarkets App. | Offshore entity |
| 9 |  PepperstonePepperstone Markets Kenya… | 3.29 | 7 | 200 | 1:400 | 24 | MT4MT5cTrader | Offshore entity |
| 10 |  Traders TrustOffshore TTCM Traders Trust… | 3.27 | 6 | 50 | 1:3000 | 24 | webcTraderTradingView. | Offshore entity |
| 11 |  BlackBull MarketsBBG Limited | 3.20 | 6 | 0 | 1:500 | 72 | MT4MT5cTrader | Offshore entity |
| 12 |  Hantec MarketsHantec Markets Ltd | 3.16 | 3 | 10group | 1:500 | 48 | MT4MT5Hantec Mobile | Offshore entity |
| 13 |  FIBO GroupSouth African clients… | 3.13 | 6 | 50 | 1:1000 | 48 | MT4MT5cTrader. | Offshore entity |
| 14 |  GO MarketsGO Markets Pty Ltd | 3.06 | 6 | 200 | 1:500 | 48 | MT4MT5cTrader. | Offshore entity |
| 15 |  XTBXTB International Limited | 3.05 | 1 | 0 | 1:500 | 72 | desktop | Offshore entity |
| 16 |  OrbexServed offshore via Orbex… | 3.04 | 8 | 100 | 1:500 | 24 | MT4MT5. | Offshore entity |
| 17 |  FXChoiceFX Choice Ltd | 3.00 | 7 | 100 | 1:200 | 24 | MT4MT5. | Offshore entity |
| 18 |  DukascopyServed by Dukascopy Bank SA… | 2.95 | 8 | 100 | 1:200 | 48 | JForex 4MT4MT5. | Offshore entity |
| 19 |  Blueberry MarketsServed via offshore Blueberry… | 2.91 | 7 | no data | 1:500 | 48 | MT4MT5TradingView | Offshore entity |
| 20 |  Doo PrimeSouth African retail served… | 2.89 | 7 | 5group | 1:1000 | 24 | MT4MT5 | Offshore entity |
| 21 |  AlpariParlance Trading Ltd | 2.85 | 3.5 | 30 | 1:3000 | 24 | MetaTrader 4 | Offshore entity |
| 22 |  HYCMHYCM Ltd | 2.85 | 5 | no data | 1:500 | 24 | MT4MT5. | Offshore entity |
| 23 |  Amana CapitalAmana Capital Ltd | 2.81 | 7 | 50group | 1:100 | 48 | MT4MT5 | Offshore entity |
| 24 |  MultiBank GroupSouth African clients served… | 2.80 | 15 | no data | 1:500 | 48 | MT4MT5 | Offshore entity |
| 25 |  FXOpenOffshore FXOpen Markets Ltd | 2.79 | 1.5 | no data | 1:500 | 24 | MT4MT5TickTrader. | Offshore entity |
| 26 |  LiteFinanceSouth African residents are… | 2.77 | 18 | 50 | 1:1000 | 24 | MT4MT5cTrader | Offshore entity |
| 27 |  Milton PrimeMilton Global Ltd | 2.68 | not priced | 300group | 1:500 | 1 | MT4MT5. | Offshore entity |
| 28 |  Windsor BrokersWindsor Brokers International… | 2.64 | 8 | 50group | 1:1000 | 24 | MT4; WebTradermobile. | Offshore entity |
| 29 |  ForexMartOffshore Tradomart SV Ltd | 2.64 | 10 | 15 | 1:500 | 7 | MT4MT5. | Offshore entity |
| 30 |  Fullerton MarketsFullerton Markets… | 2.64 | 7 | no data | 1:500 | 72 | MT4 | Offshore entity |
| 31 |  ErranteServed under offshore Errante… | 2.63 | not priced | no data | 1:1000 | 24 | MT4MT5cTrader | Offshore entity |
| 32 |  SkillingServed by offshore Skilling… | 2.62 | 8.5 | 100 | 1:500 | 24 | MT4cTrader. | Offshore entity |
| 33 |  Interactive BrokersIBKR LLC | 2.58 | 5 | 0 | no data | 48 | TWSIBKR Desktopmobile | Yes |
| 34 |  SwissquoteSwissquote Bank Ltd | 2.50 | 16 | 1000 | 1:100 | 24 | MT4MT5. | Offshore entity |
| 35 |  EquitiSA clients served via group… | 2.30 | 8 | 500 | 1:500 | 24 | MT4MT5 | Offshore entity |
| 36 |  TMGMTrademax Global Ltd | 2.25 | 7 | 100group | 1:1000 | 96 | MT4MT5IRESS | Offshore entity |
| 37 |  NAGAServed under offshore NAGA… | 2.16 | 11 | 250 | 1:1000 | 24 | webMT4MT5. | Offshore entity |
| 38 |  InstaForexSA clients served via… | 2.13 | not priced | 1group | 1:1000 | 7 | MT4MT5mobile. | Offshore entity |
| 39 |  EightcapEightcap Global Limited | 2.03 | 7 | 100group | 1:500 | 120 | MT4MT5WebTrader | Offshore entity |
| 40 |  BDSwissSouth African clients are… | 2.02 | 10 | no data | no data | 24 | MT4MT5iOS | Offshore entity |
| 41 |  T4TradeTradeco Ltd | 2.02 | 18 | no data | 1:1000 | 24 | desktop | Offshore entity |
| 42 |  eToroServed; South African clients… | 1.98 | 10 | no data | 1:30 | 120 | MT5. | Yes |
| 43 |  AxioryAxiory Global Ltd | 1.73 | 2 | no data | 1:400 | 240 | MT4MT5cTrader | Offshore entity |
| 44 |  ADSSADS Securities LLC | 1.70 | 12 | 100group | 1:500 | 120 | OREX | Offshore entity |
| 45 |  FortradeServed internationally via… | 0.80 | 20 | 100group | no data | 120 | mobile) + MT4. | Offshore entity |
130 of 130 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 | — |
| 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 |
| TMGMEDGE | 0 | 0advertised | 7per standard lot | 7round turn, USD | — |
| TMGMCLASSIC | 0 | 1advertised | Anyper standard lot | 10round 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 |
| HYCMFixed | 20 | 1.5advertised | — | 15round turn, USD | — |
| HYCMClassic | 20 | 1.2advertised | — | 12round turn, USD | — |
| HYCMRaw | 20 | 0.1advertised | 4per standard lot | 5round 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 | — |
| 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 | — |
| eToroRetail account | — | 1advertised | Anyper standard lot | 10round turn, USD | — |
| eToroSwap-Free account | 1000 | — | — | — | Swap-free |
| 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 | — |
| 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 | — |
| 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 | — |
| FortradeSwap-Free Account | — | — | — | — | Swap-free |
| 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 | — |
| 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 | — |
| 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 |
| Milton PrimePRIME RAW | 1000 | — | 7per standard lot | 7round 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 | — | — | — | — | — |
| OrbexStarter | 100 | — | — | — | — |
| OrbexPremium | — | — | — | — | — |
| OrbexUltimate | — | — | — | — | — |
| ForexMartClassic | 15 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| ForexMartPro | 200 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| ForexMartCents | 15 | 1advertised | Anyper standard lot | 10round turn, USD | — |
| ForexMartZero Spread | 500 | 0advertised | — | 0round 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 | — | — | — | — | — |
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: 8 of 45 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?
45 of 104 of the 104 brokers in our South Africa base, and 37 of 45 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 brokers not authorised by the fsca in south africa?
Grand Capital with 3.56 of 5 and a round turn of 5.0 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: 45 brokers, 130 accounts, 81 priced.