Lowest cost per trade
Round turn, USD: 3 USD
104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026
FSCA-regulated brokers in South Africa
Key facts (6 · 56 of 104)
In this ranking
56 of 104
Ranked on all axes
31 of 56
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 / 31 of 56)
The pick for each need (4)
Lowest minimum deposit
Min deposit, USD: 0 USD
Fastest withdrawal
Withdrawal, h: 0 h
Highest leverage
Max leverage: 1:5000
Chosen automatically from 56 brokers. Brokers carrying a regulator warning are excluded.
Compare all 56 brokers and 134 accounts
Sorted by computed score, highest first. Unscored brokers follow.
Showing 56 of 104 brokers that onboard South Africa residents.
56 of 56 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 |  Capital.comSouth African clients are now… | 4.14 | 6 | 20 | 1:30group | 24 | mobile appplus MT4MT5 | Yes |
| 6 |  FP MarketsSouth African clients are… | 4.10 | 6.5 | 100 | 1:500 | 72 | MT4MT5cTrader | Yes |
| 7 |  HFMSA clients served under LOCAL… | 4.10 | 6 | 0group | 1:2000 | 24 | MT4MT5HFM app. | Yes |
| 8 |  ExinityExinity Limited | 3.97 | 4 | no data | no data | 24 | MT4 | Yes |
| 9 |  ACY SecuritiesACY Securities SA (Pty) Ltd… | 3.95 | 6 | 50group | 1:500group | 24 | MT4MT5 | Yes |
| 10 |  FXGTSouth African clients are… | 3.94 | 6 | 10 | 1:5000 | 24 | MT4MT5app. | Yes |
| 11 |  AdmiralsSouth African clients served… | 3.92 | 6 | 25 | 1:500 | 24 | MT4MT5 | Yes |
| 12 |  MitradeMitrade Markets Pty Ltd | 3.86 | 8.5 | 20 | 1:200 | 24 | web; no MT4MT5. | Yes |
| 13 |  ThinkMarketsPty Ltd | 3.80 | 7 | 50 | 1:500 | 4 | MT4MT5TradingView. | Yes |
| 14 |  IG Markets SAIG Markets South Africa… | 3.80 | 7.5 | 50 | 1:30 | 72 | MT4ProRealTime | Yes |
| 15 |  TickmillTickmill South Africa (Pty)… | 3.79 | 6 | 100 | 1:1000 | 24 | MT4MT5. | Yes |
| 16 |  AvaTradeLocal Ava Capital Markets Pty… | 3.77 | 9 | 100 | 1:400 | 24 | MT4MT5WebTrader | Yes |
| 17 |  FXCMServed locally by Stratos… | 3.76 | 7 | 4 | 1:400 | 72 | MT4 | Yes |
| 18 |  CMTradingGCMT South Africa (Pty) Ltd… | 3.74 | 8 | 300 | 1:200 | 24 | MT4WebTradercopy-trading. | Yes |
| 19 |  STARTRADERSTARTRADER International Pty… | 3.71 | 4 | 50 | 1:1000 | 24 | MT4 | Yes |
| 20 | HeadwayHome base: Jarocel (Pty) Ltd… | 3.66 | 3 | 1 | no data | 0.5 | MT4MT5Headway App. | Yes |
| 21 |  JustMarketsJust Global Markets Pty Ltd | 3.64 | 3 | 10group | 1:3000 | 48 | — | Yes |
| 22 |  CAPEXJME Financial Services (Pty)… | 3.59 | 6.5 | 100 | 1:300 | 24 | — | Yes |
| 23 |  Markets.comPty Ltd | 3.55 | 6 | 100 | 1:300 | 168 | WebTraderMT4MT5 | Yes |
| 24 |  IG MarketsIG Markets South Africa Ltd | 3.54 | 13.6 | 50 | 1:20 | 72 | IG webappProRealTime | Yes |
| 25 |  Moneta MarketsMoneta Markets Ltd | 3.36 | 7 | 50 | 1:1000 | 24 | MT4MT5 | Yes |
| 26 |  Scope MarketsScope Markets SA (Pty) Ltd. | 3.33 | 9 | no data | no data | 48 | MT4MT5IRESS. | Yes |
| 27 |  Ultima MarketsUltima Markets (Pty) Ltd, an… | 3.33 | 5 | 50group | 1:2000 | 120 | MT4MT5. | Yes |
| 28 |  FxProFxPro Markets Direct Costa… | 3.31 | 7 | 100 | 1:200 | 3 | MT4MT5cTrader | Yes |
| 29 |  Trade NationSouth African clients are… | 3.30 | 5 | 0group | 1:200 | 120 | mobile) | Yes |
| 30 |  Khwezi TradeKhwezi Trade (Pty) Ltd, Cape… | 3.27 | 4 | 50group | 1:400 | 72 | — | Yes |
| 31 |  Plus500Plus500AU Pty Ltd | 3.25 | 8 | 10 | 1:30 | 72 | desktopiOSMT5 | Yes |
| 32 |  Scope Markets SAScope Markets SA (Pty) Ltd… | 3.20 | 9 | 100 | 1:1000 | 120 | — | Yes |
| 33 |  Sasfin Securitiesof Sasfin Holdings Ltd | 3.08 | not priced | no data | no data | no data | — | Yes |
| 34 |  ATFXAT Global Markets SA (Pty)… | 3.04 | 12 | 500group | 1:400 | 24 | MT4MT5. | Yes |
| 35 |  TraduStratos South Africa (Pty)… | 2.99 | 5.9 | 50group | 1:30 | 120 | MT5 or API. | Yes |
| 36 |  IronFXNotesco SA (Pty) Ltd —… | 2.94 | 18 | 100 | 1:500 | 240 | MT4 (primary)MT5WebTrader. | Yes |
| 37 |  Trive South AfricaTrive International Ltd | 2.80 | 10 | 0 | no data | 168 | desktopmobileweb | Yes |
| 38 |  Unum CapitalUnum Capital (Pty) Ltd… | 2.74 | 11 | no data | no data | no data | xStationIRESSmobile | Yes |
| 39 |  FXTMForexTime Ltd | 2.67 | 16 | 10 | 1:2000 | 24 | MT4MT5 (desktopweb | Yes |
| 40 |  Standard Bank Online Share Trading (OST / SBG Securities)SBG Securities (Pty) Ltd… | 2.66 | not priced | no data | no data | 120 | WebTrader | Yes |
| 41 |  SatrixSatrix Managers (RF) (Pty)… | 2.42 | not priced | no data | no data | no data | SatrixNOW web | Yes |
| 42 |  EasyEquitiesof Purple Group Ltd | 2.19 | not priced | no data | no data | 120 | Android) | Yes |
| 43 |  FNB Share Investingof FirstRand Bank Ltd | 1.95 | not priced | no data | no data | no data | — | Yes |
| 44 |  Shyft (Standard Bank Shyft)The Standard Bank of South… | 1.88 | not priced | no data | no data | no data | Android) | Yes |
| 45 |  ZuluTradeCopy-trading/social-trading… | no data | not priced | 100 | 1:500group | no data | MT5X Open HubMatch-Trader | Yes |
| 46 |  10X Investments10X Investments (Pty) Ltd | no data | not priced | no data | no data | no data | — | Yes |
| 47 |  Absa Stockbrokers & Portfolio Managementof Absa Group Ltd | no data | not priced | no data | no data | no data | — | Yes |
| 48 |  Anchor Capitalof JSE-listed Anchor Group Ltd | no data | not priced | no data | no data | no data | Advisor-led | Yes |
| 49 |  GT247.comof JSE-listed Purple Group Ltd | no data | not priced | 0 | 1:25 | no data | — | Yes |
| 50 |  Investec Online / ClarityInvestec Bank Ltd | no data | not priced | no data | no data | no data | — | Yes |
| 51 |  Nedbank Online Share TradingNedgroup Private Wealth… | no data | not priced | 0 | no data | no data | — | Yes |
| 52 |  PSG Online (PSG Wealth)PSG Securities Ltd / PSG… | no data | not priced | no data | no data | 24 | — | Yes |
| 53 |  Purple GroupPurple Group Ltd | no data | not priced | no data | no data | no data | EasyPropertiesEasyCryptoEasyTrader | Yes |
| 54 |  Sanlam iTradeSanlam Private Wealth (Pty)… | no data | not priced | no data | no data | no data | — | Yes |
| 55 |  Momentum Securitiesof Momentum Group Ltd | no data | not priced | no data | no data | no data | — | Yes |
| 56 |  Rand SwissRand Swiss (Pty) Ltd, South… | no data | not priced | no data | no data | 0 | bondsETFs; forex | Yes |
134 of 134 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 | — |
| 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 | — |
| Plus500Real | — | — | Any | — | — |
| ThinkMarketsStandard | — | — | Any | — | — |
| ThinkMarketsThinkZero | 500 | 0advertised | 7per standard lot | 7round turn, USD | — |
| 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 |
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| IG MarketsCFD trading account | — | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| MitradeStandard Account | — | — | Any | — | — |
| MitradePro Account | — | — | Any | — | — |
| 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 |
| AvaTradeIslamic | — | — | — | — | Swap-free |
| CAPEXEssential | 100 | — | — | — | — |
| CAPEXOriginal | 5000 | — | — | — | — |
| CAPEXSignature | 25000 | — | — | — | — |
| 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 | — |
| 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 | — |
| 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 | — |
| CFIZero Commission | — | 0.4advertised | Anyper standard lot | 4round 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 | — |
| 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 | — |
| 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 | — | — | — | — | — |
| Markets.comStandard | — | 0.7advertised | Any | 7round turn, USD | — |
| Markets.comRaw | — | 0.1advertised | — | 1round turn, USD | — |
| Markets.comMicro | — | 0.7advertised | Any | 7round turn, USD | — |
| 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 | — |
| TraduIndividual account | — | — | Anyper standard lot | 0round turn, USD | — |
| 10X InvestmentsSTANDARD | 500 | — | — | — | — |
| Absa Stockbrokers & Portfolio ManagementWorld Trader Account | 1000 | — | — | — | — |
| EasyEquitiesZAR account | — | — | — | — | — |
| EasyEquitiesUSD/GBP/EUR/AUD offshore accounts | — | — | — | — | — |
| GT247.comZAR FREE | 0 | — | Any | — | — |
| GT247.comUSD FREE | 0 | — | Any | — | — |
| IG Markets SAIG trading account | — | 0.6advertised | Any | 6round turn, USD | — |
| Investec Online / ClarityInvestec Online Share Trading account | — | — | — | — | — |
| Investec Online / ClarityClarity investing account | 25 | — | — | — | — |
| Khwezi TradeFour live account types | 500 | — | — | — | — |
| Khwezi Tradedemo | — | — | — | — | — |
| Nedbank Online Share TradingTax-Free Savings Account | — | — | — | — | — |
| Nedbank Online Share TradingYoung Investor account | — | — | — | — | — |
| PSG Online (PSG Wealth)offshore share-trading account | — | — | — | — | — |
| Purple GroupSTP | — | 1.3advertised | Anyper standard lot | 13round turn, USD | — |
| Purple GroupECN | — | 0.3advertised | 10per standard lot | 13round turn, USD | — |
| Sanlam iTradeiTrade Standard account | — | — | — | — | — |
| Sanlam iTradeiTrade Pro account | — | — | — | — | — |
| Sanlam iTradeZAR share-trading account | — | — | — | — | — |
| SatrixZAR investment account | — | — | — | — | — |
| Shyft (Standard Bank Shyft)Shyft Shares investing account | — | — | — | — | — |
| Standard Bank Online Share Trading (OST / SBG Securities)ZAR share-trading account | — | — | — | — | — |
| Standard Bank Online Share Trading (OST / SBG Securities)offshore/foreign share-trading account | — | — | — | — | — |
| Standard Bank Online Share Trading (OST / SBG Securities)Money Account | — | — | — | — | — |
| FNB Share InvestingZAR cash accounts | — | — | — | — | — |
| FNB Share InvestingShare Investor | — | — | — | — | — |
| FNB Share InvestingShare Trader | — | — | — | — | — |
| FNB Share InvestingTax-Free Shares Account | — | — | — | — | — |
| Momentum SecuritiesZAR stockbroking accounts | — | — | — | — | — |
| Momentum SecuritiesTax-Free Savings Account | — | — | — | — | — |
| Rand SwissActive trading account | — | 12advertised | — | 120round turn, USD | — |
| Sasfin SecuritiesZAR stockbroking accounts | — | — | — | — | — |
| Scope Markets SAOne Account | 10 | 0.9advertised | — | 9round turn, USD | — |
| Scope Markets SACuenta Islámica | 10 | 0.9advertised | 20per standard lot | 29round turn, USD | Swap-free |
| Scope Markets SAScope Invest | 10 | 0.1advertised | Anyper standard lot | 1round turn, USD | — |
| Scope Markets SAScope Elite | 20000 | 0advertised | — | 0round turn, USD | — |
| 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 | — |
| Unum CapitalMM | 580 | 1advertised | 10per standard lot | 20round 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: 25 of 56 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?
56 of 104 of the 104 brokers in our South Africa base, and 31 of 56 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 fsca-regulated brokers 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: 56 brokers, 134 accounts, 81 priced.