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IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, an excellent proprietary platform, and regulatory credibility that few brokers can match, at the cost of slightly higher charges than specialist ECN desks.
True ECN routing with raw 0.0 pip spreads on majors plus commission, deep liquidity, and the cleanest MT4 / MT5 / cTrader stack we test.
Multi-regulated Australian ECN-style broker with fast execution, MT4 / MT5 / cTrader / TradingView and a strong active-trader rebate program.
The FSCA is Africa’s most respected retail forex regulator — but leverage limits, client money rules, and what the ODP licence really means differ significantly from EU or UK standards. Here is what South African traders need to know.
Forex trading is regulated in South Africa. The country currently has 53 brokers operating under its regulatory framework. Always verify a broker's licence with the FSCA before depositing funds.
Look for brokers regulated by the FSCA or a Tier 1 regulator such as the FCA or ASIC. Compare spreads, leverage caps, available instruments, and customer support in your language. Our list above is sorted by overall rating to help you shortlist quickly.
Regulated brokers under the FSCA are required to segregate client funds from company funds and participate in investor compensation schemes where applicable. Always check the broker's regulatory status and read the terms before depositing.
Leverage limits vary by jurisdiction. Under FSCA rules, traders in South Africa may be subject to local leverage restrictions, for example capped at 1:30 for major pairs. Check the specific broker's terms for the leverage available to residents of South Africa.
Yes. Most brokers available in South Africa offer iOS and Android apps compatible with platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Look for brokers that list "Mobile Trading" as a key feature.
The brokers listed here are reviewed for their suitability to South African forex traders, including regulation, fees, platforms, and trading conditions. The Financial Sector Conduct Authority (FSCA) is South Africa's primary regulator for retail forex, requiring brokers to meet capital and conduct standards at a Tier 2 level. FSCA-authorised brokers provide local oversight, but South African residents often use a mix of locally regulated and international platforms, as FSCA does not impose strict leverage caps or detailed client protection rules.
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