Forex trading in South Africa

Know the top Forex and Binary options brokers in South Africa for 2021, their trading conditions and bonus offers

In the last two decades Forex trading in the world has became very popular and today trillions of people across the globe trade Forex with a view to earn profits from this highly potential market. Forex trading is also gaining huge popularity among the residents of South Africa, thanks to the nations laws which marks Forex trading or trading CFD's as legal. Trading with brokers regulated by Financial Sector Conduct Authority (FSCA) is advisable in South Africa but there is no law that prohibits residents of South Africa from trading with Forex brokers based overseas or not regulated by FSCA.

There are many competent brokers regulated by FSCA and also there are certain brokers which are not regulated by FSCA but are well established and have strong reputation. We have scanned many regulated brokers, their trading conditions, bonuses and promotions, quality of order execution, financial strength and other factors and listed below the Top Forex brokers in South Africa for 2021.

Top Forex brokers in South Africa 2021

1.

Avatrade

Min deposit

withdrawal time

Payment methods

$100

Withdrawals are usually processed within 4-12 hrs but sometimes may take up to 48 working hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney.

Regulated by FSCA

2.

Deriv

Min deposit

withdrawal time

Payment methods

$5

Withdrawals are processed within 1 working day.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Fasapay, Perfect Money, Qiwi, Paysafe, Jeton Wallet, Sticpay, Airtm, Deriv payment agents, bitcoin.

Member of The Financial Commission

3.

Exness

Min deposit

withdrawal time

Payment methods

$1

Withdrawals are usually processed instantly by Exness, if a withdrawal is not subject to instant execution, it will be processed within 24 hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, Jeton Wallet, Jeton go, Sticpay, online bank transfer, Netbanking, bitcoin.

Regulated by FCA (UK)

4.

FBS

Min deposit

withdrawal time

Payment methods

$1

Not instant, but withdrawals are super fast and are usually processed in 15-20 minutes. However in some cases withdrawals may take up to 48 hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, Sticpay, Globe pay, FBS Exchangers, Google pay, bitcoin.

Regulated by IFSC

5.

Fxopen

Min deposit

withdrawal time

Payment methods

$1

Withdrawals via electronic payment systems are usually processed within 1 business day. Bank wire transfers may take 1-3 business days.

Bank Wire, Credit card, Debit card, Webmoney, Perfect Money, CashU, Qiwi wallet, Epay, AdvCash, Airtm, Intellect money, FasaPay, Yandex Money, Instant local bank transfer,

Regulated by FCA (UK)

6.

Hotforex

Min deposit

withdrawal time

Payment methods

$5

Withdrawals are usually processed instantly by Hotforex, however withdrawals via bank transfers and debit/credit cards takes 1-3 working days.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, online bank transfer, Bitcoin-Bitpay

Regulated by FSCA

7.

Octafx

Min deposit

withdrawal time

Payment methods

$50

Withdrawals are superfast and timely, Octafx processes most of it's withdrawals within an hour or two.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Netbanking, UPI,bitcoin.

Trusted by traders from over 185 Countries worldwide.

8.

XM Group

Min deposit

withdrawal time

Payment methods

$5

XM group is trusted by traders across the globe for safe and hassle free withdrawals. Withdrawals are processed by Xm within 24 hours, usually in a few hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Online bank transfer.

Regulated by IFSC

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Disclaime

 

The content provided on the website includes general information, our personal analysis and views, which are intended for educational and research purposes only. When choosing any Forex or binary broker or taking any investment or financial decision, you should apply your own discretion, use your knowledge and intelligence and do the research. We do our best to timely update the information on our website but does not guarantee that the information is necessarily provided in real-time nor is it necessarily accurate. Any trading or other financial decision you take shall be at your sole and full responsibility, and Strategicinvestor.net cannot be held responsible for any losses incurred by you. Our team studies a broker or promotion before listing it on the website but Strategicinvestor.net does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website. Strategicinvestor.net and it's team, officers, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.

Risk disclosure

 

This website includes information about contracts for difference (CFDs), cryptocurrencies and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Trading in CFDs and cryptocurrenciesare carries a high level of risk that may not be appropriate for all investors. Strategicinvestor.net encourages you to study, do the analysis, perform your own research before making any trading or investment decision.

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Strategicinvestor.net mission is to provide reviews about Forex and binary brokers and their promotions that are unbiased and objective. Operating as an online business, we may earn through third party advertisers but it shall not bias or influence our reviews and opinions.

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