What are Brokers?
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal.
Best Brokers In South Africa
Best Forex Brokers South Africa
To find the best forex brokers in South Africa, we created a list of all brokers that accept new customers from South Africa and ranked them by their Overall ranking, calculated during our in-depth annual review of forex brokers. This exacting analysis of more than 100 variables includes our proprietary Trust Score (more on Trust Score below).
Here is our list of the best forex brokers in South Africa:
- IG – Best overall broker, most trusted
- AvaTrade – Great for beginners and copy trading
- FXCM – Excellent trading platforms and tools
- Plus500 – High Trust Score, great for beginners
- FP Markets – Excellent pricing, great for MetaTrader
- Tickmill – Best overall broker for low costs
- Vantage – Great for MetaTrader and copy trading
South Africa Forex Brokers Comparison
Compare South Africa-authorized forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm’s ForexBrokers.com
Which broker is the cheapest in South Africa?
Intro and winners
- Interactive Brokers is the best discount broker in South Africa in 2023
- Alpaca Trading – Free stock and ETF trading, low non-trading fees.
- tastytrade – Low trading and non-trading fees, no inactivity fee.
- MEXEM – Average trading and non-trading fees.
Which broker is from South Africa?
Blackstone Futures is a forex broker based in South Africa, with strict regulation through the FSCA in offering the trade of a wide range of financial instruments to South African traders.