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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

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Min deposit

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1.

Avatrade

Avatrade was founded in 2006 as a combined  effort of financial professionals and experts in web-commerce with the  goal of perfecting the online experience for retail traders.


With consistent efforts to grow and improve  today Avatrade has over 300,000 Happy Traders and Counting. AvaTrade  was among the first Forex brokers to introduce CFD trading on  commodities, indices and stocks.

$100

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

Payment methods

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

Regulated by FSCA

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2.

Binomo

Binomo was established in 2014 with a view of creating new possibilities in the market of leading trading technologies.


With  consistent efforts to improve it's service and get better, Binomo today  has traders from 133 countries and over 833090 traders trade daily with  Binomo.

$10

Withdrawals are normally processed within 24 hours but sometimes it may take up to 3 days. Withdrawals for VIP clients are normally processed within 4 hours.

Payment methods

Credit card, Debit card, Neteller, Webmoney, Perfectmoney, Jeton wallet, Astropay, Globepay, Advcash, Internet banking, UPI, Paytm.

Member of The Financial Commission

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3.

Deriv

The story of Deriv starts in 1999. The  Regent Markets Group is born, funded by Regent Pacific Group Ltd., a  company listed on the Hong Kong Stock Exchange. Regent Markets was  established with a mission to make online trading accessible to the  masses.


Marking  it's remarkable growth and 20 years of dedicated service, Deriv today  has over 20 million trading accounts opened and the trading turnover  reached over 8 Billion UsD

$5

Withdrawals are processed within 1 working day.

Payment methods

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

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4.

Exness

The Exness Group was founded in 2008. In the past few years the Exness Group has developed at an impressive rate, and is recognised today as an industry leader.


Exness clients' monthly trading volume exceeds 326 billion USD and their active traders  around the world surpassed 73,000. Exness offer client support in 13  languages, including 24/5 support in 11 languages and 24/7 support in  English and Chinese.

$1

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

Payment methods

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)

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5.

FBS

Founded in 2009, FBS has received numerous international awards, proving its worth to the customers.


With over 15000000 traders across the globe  and the annual profits of traders crossing $500000000 FBS is now a  Forex broker of choice for numerous traders worldwide.

$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.

Payment methods

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

Regulated by IFSC

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6.

Fxopen

Fxopen was founded as an educational center  offering courses in the field of technical analyses and financial  markets. The launch of brokerage services in 2005 was a natural  progression to satisfy the growing need for fair and transparent trading  conditions combined with excellent customer support.


FXOpen  was the first Forex broker to offer its clients ECN trading via the  Meta Trader 4 terminal. And with FXOpen's unique proprietary price  aggregating technology, traders can benefit from the industry's most  competitive spreads and low trading commissions.

$1

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

Payment methods

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)

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7.

Hotforex

Hotforex was established in 2010 and aims to lead the way forward through the  use of cutting-edge technology, innovative systems solutions, low cost  commissions and unrivalled customer service.


With  over 2 Million Trading accounts opened, 40 Industry awards,  27 Languages supported,10 Years in the market, Hotforex is today trusted  by traders across the globe.

$5

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

Payment methods

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

Regulated by FSCA

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8.

Octafx

Octafx is based in St. Vincent and the  Grenadines and was established in the year 2011. Octafx's mission is to  create a cost-effective trading experience where Forex traders can earn  more with the same investment.


With over 1.5 Million Trading accounts opened, 288 Million trades  executed, 100 countries covered, 28 Industry awards, Octafx is today  trusted by traders across the globe.

$50

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

Payment methods

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

Trusted by traders from over 185 Countries worldwide.

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9.

Roboforex

Roboforex was established in 2009 by a  team of professionals, who are ready to share their experience and  knowledge with wide audience of traders.


Roboforex has over 800000 clients from over 169 countries and is the winner of more than 10 prestigious awards.

$5

Withdrawals by electronic payment systems are usually processed instantly by Roboforex. If a withdrawal is not executed instantly, it will be processed within 24 hours. Bank payments are processed within 3 working days.

Payment methods

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfectmoney, Astropay, Fasapay, Advcash, Local bank transfer, UPI, Bitcoin.

Member of The Financial Commission and regulated by IFSC

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10.

XM Group

XM, established in 2009, is acclaimed for is transparency, what you see is what you get, with no hidden terms.


XM  is a globally renowned Forex broker with over 3,500,000 clients from  196 countries, staff speaking over 30 languages, over 2,400,000,000  trades executed with zero requotes or rejections.


$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.

Payment methods

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

Regulated by IFSC

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