South Africa is one of the most progressive countries in the industry of Forex trading due to its great infrastructure and facilities. It generates tens of billions of dollars everyday as every individual can be a trader legally. There are so many brokers that operate in South Africa, so finding the one that suits you the best is difficult. Following is a list of some of the best forex brokers in south africa, it will help you land onto a good decision!
FP Markets is an Australian broker founded in 2005 that allows traders to trade Forex, Indices, Commodities, Stocks and Cryptocurrencies with consistently low spreads and high trading conditions. Creating an account is very easy with low fees. Carrying out transactions is a quick process. It also has segregated customer accounts and is regulated thoroughly to maintain security.
According to a South African study, BDSwiss is a European brokerage firm founded in Switzerland in 2012. Today the company operates in more than 125 countries around the world. BDSwiss offers investors the opportunity to trade a variety of financial instruments such as currencies, stocks, commodities, indices and more. BDSwiss also has several trading platforms that traders can use. It is fully regulated with no deposit and withdrawal fees.
Hotforex was founded in 2010 and has been regulated by the FCA since 2016 to ensure the safety of money. As a fully regulated broker in multiple jurisdictions, HotForex supports secure trading and provides a wide range of solutions, including unallocated trading and Islamic accounts. It is a 100% STP broker in South Africa with a wide range of trading instruments and 54 currency pairs to trade. HotForex also offers powerful CFD and currency exchange solutions. South Africans can benefit from price changes for a range of instruments, including cryptocurrencies.
FBS is a popular international broker that offers clients a competitive trading position, multiple trading accounts, payment methods, fixed and variable spreads, MetaTrader 4 and MetaTrader 5, and various promotional activities. An account with FBS can be opened for as little as $ 1. It has minimum initial deposit, competitive 0 pip spreads and a range of promotional and deposit bonuses.
Pepperstone is a 100% subsidiary of Pepperstone Group Limited. Pepperstone Group Limited is an Australian company founded in 2010 that has quickly grown to become one of the largest providers of FX and CFDs in the world.
Pepperstone is a trusted FCA and ASIC licensed broker. The environment for digital account opening and trading is one of the best in Australia, with ECN accounts, powerful analytics tools and powerful trading. The education section is fully qualified and very supportive.
Founded in 2011, Axiory provides global traders with a familiar, friendly and intuitive place to access the Forex and CFD markets.
Axiory’s original idea was based on providing transparent products to the clients and the trading community, while traders received unprecedented mature technology for greater success.
Axiory is a regulated broker with good trading technology, MetaTrader and cTrader platforms, suitable for all levels of traders.