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Compare Forex Brokers Side by Side

Compare regulation, legal entities, accounts, minimum deposits, costs and platforms, then open a detailed comparison for a complete fact-checked assessment.

Verification notice: Information was fact-checked on 20 September 2026. Commercial terms can change, so confirm the serving entity and current conditions before opening an account.

Broker Comparison Table

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Forex broker comparison for South African traders
Broker Regulation Platforms Min. deposit Demo account Review
FXGT FSP 48896 MetaTrader 4, MetaTrader 5 and FXGT App From US$5, depending on account and region Available or confirm by account Read Review
Tickmill FSP 49464 MT4, MT5, TradingView, Tickmill Trader and mobile app Check the current Classic and Raw account requirements Available or confirm by account Read Review
Scope Markets Verify the current FSP entry directly on the FSCA register MetaTrader 5 on desktop, web and mobile Confirm during account opening Available or confirm by account Read Review
HFM FSP 46632 MT4, MT5, HFM WebTrader and HFM App No stated minimum on Cent, Premium and Zero; Pro has a higher requirement Available or confirm by account Read Review
AvaTrade FSP 45984 WebTrader, AvaTradeGO, MT4, MT5, AvaOptions, AvaSocial and DupliTrade Confirm the amount displayed for a South African application Available or confirm by account Read Review
IUX Verify entity and FSP number on the FSCA register before depositing MetaTrader 5, IUX WebTrader and IUX App Standard from US$50; Pro and Raw from US$200 on current official material Available or confirm by account Read Review
easyMarkets Confirm the current South African authorisation and FSP number on the FSCA register easyMarkets web and app, TradingView, MT4 and MT5 From US$25 on current international account information, subject to region Available or confirm by account Read Review
Traze FSP 48248 for Traze (Pty) Ltd MT4, MT5 and Traze mobile app Cent US$15, Standard US$50 and ECN US$200 on the official site Available or confirm by account Read Review
IFX Brokers Confirm the current FSP and ODP details on the FSCA register and legal documents MT4 and MT5, with MT5 used for Cent and Raw From US$10 for Standard, Islamic and Cent; higher for Raw and VIP Available or confirm by account Read Review
Khwezi Trade Do not rely on historic licence references; verify the active provider on the FSCA register Confirm the currently supported platform before installing software Historic figures are not reliable enough to publish as a current requirement Available or confirm by account Read Review
CMTrading Verify the current local FSP and ODP relationship on the FSCA register CMTrading WebTrader, CMTrading App and MetaTrader 5 US$250 to start trading; minimum transaction amount US$20 Available or confirm by account Read Review
EC Markets FSCA licence 51886 MetaTrader 4 and MetaTrader 5 on desktop and mobile US$10 for Standard and ECN; US$5,000 for Pro Available or confirm by account Read Review
VT Markets FSP 50865 for VT Markets (Pty) Ltd MT4, MT5, TradingView, WebTrader and VT Markets App Generally 50 in the account base currency; confirm in the client portal Available or confirm by account Read Review
Axi Verify the current local authorisation and FSP number directly on the FSCA register Axi App, MetaTrader 4, MetaTrader 5 and Axi Copy Trading No universal mandatory minimum is promoted; US$100 is shown as a recommended amount on current material Available or confirm by account Read Review
Trive FSP 27231 MetaTrader 5 across supported desktop and mobile devices Confirm the current South African account requirement during registration Available or confirm by account Read Review
Vantage Verify whether the selected onboarding route uses the South African FSP and confirm its current permissions MetaTrader 4, MetaTrader 5, TradingView and Vantage App Commonly US$50 to US$100 depending on entity, account and payment route Available or confirm by account Read Review
JustMarkets The group publishes South African regulation; verify the current entity and FSP entry before funding MetaTrader 4, MetaTrader 5 and JustMarkets App From US$1 on the current South African site, with account-specific requirements Available or confirm by account Read Review
Trade Nation The group lists FSCA regulation; verify the exact local FSP entry and permissions TN Trader, TradingView integration, MetaTrader 4 and TradeCopier No universal minimum is advertised globally; South African payment minimums can differ Available or confirm by account Read Review
D Prime No clearly confirmed South African FSCA entity found on the official material checked MetaTrader 4 and other D Prime platforms shown by region Varies by account, with current official MT4 material referring to a range from zero to US$100 Available or confirm by account Read Review
XS.com FSCA licence 53199 MetaTrader 4 and MetaTrader 5, depending on account No minimum on Cent, Micro and Standard; US$500 on Pro and Elite Available or confirm by account Read Review
Exness Exness (SC) Ltd is authorised as an ODP by the FSCA and also holds Seychelles FSA licence SD025 MT4, MT5, Exness Terminal, MetaTrader WebTerminal and Exness Trade App Payment and account minimums vary; confirm the amount shown in the Personal Area Available or confirm by account Read Review
XM XM is multi-regulated, but South African users must confirm their assigned entity because no local FSCA entity is established by the official page checked MT4, MT5 and XM App Confirm the regional account requirement during registration Available or confirm by account Read Review
IC Markets The global site checked is operated by Raw Trading Ltd under Seychelles FSA licence SD018 MT4, MT5, cTrader, TradingView, WebTrader, IC Mobile and social tools Confirm the live funding requirement for the assigned entity Available or confirm by account Read Review
FBS FBS publishes international regulation; verify the exact entity because a local FSCA licence was not confirmed on the official material checked MT4, MT5 and FBS mobile applications, subject to entity From US$5 on current South Africa-focused educational material Available or confirm by account Read Review
Octa Octa operates through international entities; no South African FSCA entity was confirmed on the official account page checked OctaTrader, MT4 and MT5 US$25 minimum, with US$100 recommended on the official comparison Available or confirm by account Read Review
Pepperstone Pepperstone is regulated through several international entities; confirm the company available to South Africans MT4, MT5, cTrader, TradingView and Pepperstone platform, depending on region No minimum for domestic transfer on the page checked; many other methods begin at US$10 Available or confirm by account Read Review
PrimeXBT PrimeXBT (Pty) Ltd is an authorised South African FSP under licence 45697 and acts as an intermediary PrimeXBT web and mobile applications, plus supported charting and copy tools Confirm the product-specific deposit requirement in the account Available or confirm by account Read Review
XTB XTB is regulated in several jurisdictions, but the entity available to a South African resident must be confirmed xStation web and mobile platform No universal minimum published for all entities; payment methods may impose transaction minimums Available or confirm by account Read Review
Interactive Brokers Interactive Brokers operates through major international regulated entities; no South African FSCA entity is assumed Client Portal, IBKR Desktop, Trader Workstation and IBKR Mobile Generally no account minimum for an individual cash account, but product margin requirements apply Available or confirm by account Read Review

Broker Comparison Guides

Explore complete comparison articles with broker-logo visuals, answer-first verdicts and more than 1,000 words of practical research.

Comparison

Trive vs HFM

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs XM

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

XM vs HFM

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

XM vs IUX

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs HFM

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs JustMarkets

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Comparison

Exness vs IC Markets

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Comparison

Exness vs FBS

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs OctaFX

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs Pepperstone

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs Interactive Brokers

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs PrimeXBT

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Exness vs XTB

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

IUX vs Exness

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

Traze vs IUX

Compare regulation, costs, platforms and account terms for South African traders.

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Comparison

IFX Brokers vs Khwezi Trade

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Comparison

FXGT vs HFM

Compare regulation, costs, platforms and account terms for South African traders.

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How to Use This Comparison

Start with regulation and the legal entity, then compare total trading cost, platform compatibility, instruments and withdrawal rules. Use the same planned trade when comparing fees so the result is meaningful.