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Forex Broker Reviews South Africa

Browse every completed ForexBriefly broker review in one place. Search by name, check the legal entity and key costs, then open the full research or compare providers side by side.

All Broker Reviews

Each review explains the published legal entity, regulation information, platforms, costs and the details a reader should verify before opening an account.

FXGT Review South Africa

Review of FXGT regulation, accounts, costs, MT4, MT5 and key risks for South African traders.

  • RegulationFSP 48896
  • PlatformsMetaTrader 4, MetaTrader 5 and FXGT App
  • Min. depositFrom US$5, depending on account and region
  • Last reviewedSeptember 2026
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Tickmill Review South Africa

Fact-checked look at Tickmill regulation, Raw and Classic pricing, platforms and trading costs.

  • RegulationFSP 49464
  • PlatformsMT4, MT5, TradingView, Tickmill Trader and mobile app
  • Min. depositCheck the current Classic and Raw account requirements
  • Last reviewedSeptember 2026
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Scope Markets Review South Africa

Scope Markets review covering MT5, local regulation checks, accounts, fees and withdrawals.

  • RegulationVerify the current FSP entry directly on the FSCA register
  • PlatformsMetaTrader 5 on desktop, web and mobile
  • Min. depositConfirm during account opening
  • Last reviewedSeptember 2026
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HFM Review South Africa

Detailed HFM review of FSCA regulation, Cent, Premium and Zero accounts, platforms and fees.

  • RegulationFSP 46632
  • PlatformsMT4, MT5, HFM WebTrader and HFM App
  • Min. depositNo stated minimum on Cent, Premium and Zero; Pro has a higher requirement
  • Last reviewedSeptember 2026
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AvaTrade Review South Africa

AvaTrade review covering its South African licence, platforms, pricing and proprietary tools.

  • RegulationFSP 45984
  • PlatformsWebTrader, AvaTradeGO, MT4, MT5, AvaOptions, AvaSocial and DupliTrade
  • Min. depositConfirm the amount displayed for a South African application
  • Last reviewedSeptember 2026
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IUX Review South Africa

Independent IUX review of Standard, Pro and Raw accounts, MT5, costs and entity checks.

  • RegulationVerify entity and FSP number on the FSCA register before depositing
  • PlatformsMetaTrader 5, IUX WebTrader and IUX App
  • Min. depositStandard from US$50; Pro and Raw from US$200 on current official material
  • Last reviewedSeptember 2026
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easyMarkets Review South Africa

Review of easyMarkets fixed spreads, proprietary tools, platforms and regulation checks.

  • RegulationConfirm the current South African authorisation and FSP number on the FSCA register
  • PlatformseasyMarkets web and app, TradingView, MT4 and MT5
  • Min. depositFrom US$25 on current international account information, subject to region
  • Last reviewedSeptember 2026
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Traze Review South Africa

Traze review covering its local intermediary, Cent, Standard and ECN accounts, and platforms.

  • RegulationFSP 48248 for Traze (Pty) Ltd
  • PlatformsMT4, MT5 and Traze mobile app
  • Min. depositCent US$15, Standard US$50 and ECN US$200 on the official site
  • Last reviewedSeptember 2026
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iFX Brokers Review South Africa

Local review of iFX Brokers accounts, MT4, MT5, CFD counterparty model and costs.

  • RegulationConfirm the current FSP and ODP details on the FSCA register and legal documents
  • PlatformsMT4 and MT5, with MT5 used for Cent and Raw
  • Min. depositFrom US$10 for Standard, Islamic and Cent; higher for Raw and VIP
  • Last reviewedSeptember 2026
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Khwezi Trade Review South Africa

A cautious status review explaining what must be verified before using historic Khwezi Trade details.

  • RegulationDo not rely on historic licence references; verify the active provider on the FSCA register
  • PlatformsConfirm the currently supported platform before installing software
  • Min. depositHistoric figures are not reliable enough to publish as a current requirement
  • Last reviewedSeptember 2026
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CMTrading Review South Africa

Review of CMTrading accounts, US$250 starting requirement, MT5, WebTrader and trading costs.

  • RegulationVerify the current local FSP and ODP relationship on the FSCA register
  • PlatformsCMTrading WebTrader, CMTrading App and MetaTrader 5
  • Min. depositUS$250 to start trading; minimum transaction amount US$20
  • Last reviewedSeptember 2026
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EC Markets Review South Africa

EC Markets review covering FSCA licence 51886, account pricing, MT4, MT5 and risks.

  • RegulationFSCA licence 51886
  • PlatformsMetaTrader 4 and MetaTrader 5 on desktop and mobile
  • Min. depositUS$10 for Standard and ECN; US$5,000 for Pro
  • Last reviewedSeptember 2026
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VT Markets Review South Africa

Detailed look at VT Markets FSP 50865, product-supplier structure, platforms and accounts.

  • RegulationFSP 50865 for VT Markets (Pty) Ltd
  • PlatformsMT4, MT5, TradingView, WebTrader and VT Markets App
  • Min. depositGenerally 50 in the account base currency; confirm in the client portal
  • Last reviewedSeptember 2026
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Axi Review South Africa

Axi review of MT4, MT5, its trading app, account pricing and South African entity checks.

  • RegulationVerify the current local authorisation and FSP number directly on the FSCA register
  • PlatformsAxi App, MetaTrader 4, MetaTrader 5 and Axi Copy Trading
  • Min. depositNo universal mandatory minimum is promoted; US$100 is shown as a recommended amount on current material
  • Last reviewedSeptember 2026
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Trive Review South Africa

Trive review explaining FSP 27231, its intermediary role, MT5 and international supplier.

  • RegulationFSP 27231
  • PlatformsMetaTrader 5 across supported desktop and mobile devices
  • Min. depositConfirm the current South African account requirement during registration
  • Last reviewedSeptember 2026
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Vantage Review South Africa

Review of Vantage platforms, Standard and Raw accounts, entity selection and total costs.

  • RegulationVerify whether the selected onboarding route uses the South African FSP and confirm its current permissions
  • PlatformsMetaTrader 4, MetaTrader 5, TradingView and Vantage App
  • Min. depositCommonly US$50 to US$100 depending on entity, account and payment route
  • Last reviewedSeptember 2026
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JustMarkets Review South Africa

JustMarkets review of its low deposit, Cent and Raw accounts, MT4, MT5 and withdrawals.

  • RegulationThe group publishes South African regulation; verify the current entity and FSP entry before funding
  • PlatformsMetaTrader 4, MetaTrader 5 and JustMarkets App
  • Min. depositFrom US$1 on the current South African site, with account-specific requirements
  • Last reviewedSeptember 2026
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Trade Nation Review South Africa

Trade Nation review covering TN Trader, TradingView, MT4, fixed spreads and regulation.

  • RegulationThe group lists FSCA regulation; verify the exact local FSP entry and permissions
  • PlatformsTN Trader, TradingView integration, MetaTrader 4 and TradeCopier
  • Min. depositNo universal minimum is advertised globally; South African payment minimums can differ
  • Last reviewedSeptember 2026
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D Prime Review South Africa

A cautious review of D Prime platforms, accounts, offshore entities and key verification steps.

  • RegulationNo clearly confirmed South African FSCA entity found on the official material checked
  • PlatformsMetaTrader 4 and other D Prime platforms shown by region
  • Min. depositVaries by account, with current official MT4 material referring to a range from zero to US$100
  • Last reviewedSeptember 2026
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XS.com Review South Africa

XS.com review covering FSCA licence 53199, five account types, MT4, MT5 and leverage.

  • RegulationFSCA licence 53199
  • PlatformsMetaTrader 4 and MetaTrader 5, depending on account
  • Min. depositNo minimum on Cent, Micro and Standard; US$500 on Pro and Elite
  • Last reviewedSeptember 2026
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Exness Review South Africa

Exness review covering its FSCA ODP authorisation, accounts, platforms, withdrawals and leverage.

  • RegulationExness (SC) Ltd states that it is authorised as an ODP by the FSCA and holds Seychelles FSA licence SD025
  • PlatformsMT4, MT5, Exness Terminal, MetaTrader WebTerminal and Exness Trade App
  • Min. depositVaries by account and payment method; confirm the Personal Area amount
  • Last reviewedSeptember 2026
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XM Review South Africa

XM review covering its account entity, MT4, MT5, pricing, platforms and South African checks.

  • RegulationNo local FSCA entity confirmed on the official page checked; verify the assigned entity before funding
  • PlatformsMetaTrader 4, MetaTrader 5 and XM App
  • Min. depositConfirm the requirement displayed for the regional account
  • Last reviewedSeptember 2026
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IC Markets Review South Africa

IC Markets review covering raw pricing, platforms, offshore regulation and trading costs.

  • RegulationNo South African FSCA entity confirmed on the official global page checked; Raw Trading Ltd holds Seychelles FSA licence SD018
  • PlatformsMT4, MT5, cTrader, TradingView, WebTrader, IC Mobile and social tools
  • Min. depositConfirm the current funding requirement for the assigned entity
  • Last reviewedSeptember 2026
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FBS Review South Africa

FBS review covering its low deposit, platforms, international entity and major trading risks.

  • RegulationNo local FSCA entity confirmed in the official material checked; verify the international licence and complaint route
  • PlatformsMetaTrader 4, MetaTrader 5 and FBS mobile applications, subject to entity
  • Min. depositFrom US$5 on current South Africa-focused FBS educational material
  • Last reviewedSeptember 2026
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Octa Review South Africa

Octa review covering OctaTrader, MT4, MT5, US$25 minimum deposit and regulation checks.

  • RegulationNo local FSCA entity confirmed on the official account page checked
  • PlatformsOctaTrader, MetaTrader 4 and MetaTrader 5
  • Min. depositUS$25 minimum, with US$100 recommended by Octa
  • Last reviewedSeptember 2026
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Pepperstone Review South Africa

Pepperstone review covering Standard and Razor pricing, platforms, funding and regulation.

  • RegulationNo South African FSCA entity assumed; verify the assigned international regulator and licence
  • PlatformsMT4, MT5, cTrader, TradingView and Pepperstone platform, subject to region
  • Min. depositNo minimum for domestic transfer on the page checked; many other methods start at US$10
  • Last reviewedSeptember 2026
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PrimeXBT Review South Africa

PrimeXBT review explaining FSP 45697, its intermediary role, platforms, products and costs.

  • RegulationFSP 45697
  • PlatformsPrimeXBT web and mobile platforms with charting and copy-trading tools
  • Min. depositConfirm the product and payment-specific requirement inside the account
  • Last reviewedSeptember 2026
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XTB Review South Africa

XTB review covering xStation, international regulation, costs and South African entity checks.

  • RegulationNo local FSCA entity assumed; verify the international entity allocated to the application
  • PlatformsxStation web and mobile platform
  • Min. depositNo universal minimum published across all entities; payment methods can impose transaction minimums
  • Last reviewedSeptember 2026
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Interactive Brokers Review South Africa

Interactive Brokers review covering global markets, professional platforms, fees and regulation.

  • RegulationNo South African FSCA entity assumed; verify the assigned overseas regulator
  • PlatformsClient Portal, IBKR Desktop, Trader Workstation and IBKR Mobile
  • Min. depositGenerally no account minimum for an individual cash account, but product and margin requirements apply
  • Last reviewedSeptember 2026
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