Best Online Brokers in South Africa (2026)
We tested and ranked the top trading platforms available for residents of South Africa. Compare fees, safety, and regulation to find the right broker for you.
#1
Pepperstone
SCB
Trust Score
-/100
Spread (EUR/USD)
0.1 pips
Min Deposit
$0
#2
IG
Unregulated
Trust Score
-/100
Spread (EUR/USD)
0.6 pips
Min Deposit
$0
#3
IC Markets
SCB
Trust Score
-/100
Spread (EUR/USD)
0.1 pips
Min Deposit
$200
#4
Plus500
FSA Seychelles
Trust Score
-/100
Spread (EUR/USD)
0.8 pips
Min Deposit
$100
#5
Saxo Bank
Unregulated
Trust Score
-/100
Spread (EUR/USD)
0.6 pips
Min Deposit
$0
#6
XTB
IFSC
Trust Score
-/100
Spread (EUR/USD)
0.5 pips
Min Deposit
$0
#7
Exness
FSCA
Trust Score
-/100
Spread (EUR/USD)
1 pips
Min Deposit
$10
#8
OANDA
Unregulated
Trust Score
-/100
Spread (EUR/USD)
1.2 pips
Min Deposit
$0
#9
FP Markets
FSCA
Trust Score
-/100
Spread (EUR/USD)
0.1 pips
Min Deposit
$100
#10
Capital.com
FSA Seychelles
Trust Score
-/100
Spread (EUR/USD)
0.6 pips
Min Deposit
$20
#11
CMC Markets
FCA
Trust Score
-/100
Spread (EUR/USD)
0.7 pips
Min Deposit
$0
#12
Vantage
FSCA
Trust Score
-/100
Spread (EUR/USD)
0 pips
Min Deposit
$50
#13
FxPro
SCB
Trust Score
-/100
Spread (EUR/USD)
1.2 pips
Min Deposit
$100
#14
Axi
Unregulated
Trust Score
-/100
Spread (EUR/USD)
0.2 pips
Min Deposit
$0
#15
ActivTrades
SCB
Trust Score
-/100
Spread (EUR/USD)
0.7 pips
Min Deposit
$0
#16
CFI Trade
FSC Mauritius
Trust Score
-/100
Spread (EUR/USD)
0.8 pips
Min Deposit
$0
#17
Interactive Brokers
FINRA
Trust Score
-/100
Spread (EUR/USD)
0.2 pips
Min Deposit
$0
#18
Tickmill
FSCA
Trust Score
-/100
Spread (EUR/USD)
0.1 pips
Min Deposit
$100
#19
Eightcap
SCB
Trust Score
-/100
Spread (EUR/USD)
1 pips
Min Deposit
$100
#20
FXTM
FSCA
Trust Score
-/100
Spread (EUR/USD)
1.5 pips
Min Deposit
$10
Trading in South Africa: Key Questions
Which brokers are available in South Africa?
Many international brokers accept clients from South Africa. We have verified 20 brokers listed above, including Pepperstone, IG, IC Markets.
Is CFD trading legal in South Africa?
Yes, Online trading is fully legal and regulated in South Africa. Traders should ensure they use a regulated provider.
What regulation applies to traders in South Africa?
The primary regulator is the Financial Sector Conduct Authority (FSCA). Brokers regulated here or in top-tier jurisdictions are recommended.
What leverage limits apply in South Africa?
The standard maximum leverage for retail clients is typically 1:500, though professional clients may access higher limits.