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
Min deposit
Withdrawal time
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
Min deposit
Withdrawal time
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
Min deposit
Withdrawal time
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
Min deposit
Withdrawal time
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)
Min deposit
Withdrawal time
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
Min deposit
Withdrawal time
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)
Min deposit
Withdrawal time
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
Min deposit
Withdrawal time
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.
Min deposit
Withdrawal time
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
Min deposit
Withdrawal time
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