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.
Binomo
Min deposit
Withdrawal time
Payment methods
$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.
Credit card, Debit card, Neteller, Webmoney, Perfectmoney, Jeton wallet, Astropay, Globepay, Advcash, Internet banking, UPI, Paytm.
Member of The Financial Commission
3.
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
4.
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)
5.
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
6.
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)
7.
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
8.
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.
9.
Roboforex
Min deposit
Withdrawal time
Payment methods
$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.
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
10.
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