The Best Regulated Forex Brokers For South African Traders

A Guide To All The Local Brokers

 

The Brokers Below Are Fully Regulated By FSB & Other Regulators
Most Have Basic Training for Beginner Traders
For Experienced Traders ECN/STP Accounts Are Available With DMA
This & Tons More Below

Or, Check Out These Two Featured Brokers

CM TradingBlackstone Futures

The Best FSB Regulated Forex Brokers in South Africa

Choosing the right broker is a tricky task with all of the scams going around and even with the licensed ones there are terms and conditions that you need to know about (especially around bonuses and withdrawing).

Your choice of a regulated broker will be one of the most important one that you make when deciding to trade the markets and you should definitely pay special attention to these brokers offering their services in South Africa as they’ve taken the time to conform to a regulatory authority.

If you would like some help and advice on which broker is the right one for you, then contact me via the form on this page or this link and lets talk.

 

And now the list of brokers, but first, the form to contact me:

Send Me An Email

7 + 9 =

My Top South African Broker is CMTrading

CMTrading is a new broker that’s operating from South Africa. They’re regulated with the FSB with number 38782.

With a welcome bonus that goes all the way up to $2000 its easy to trade using their money if you’re just starting out and want some added funds. The best thing about them is that they offer local deposits in South African Rands to fund your trading account.

This makes it easier for us Saffers to start trading. But more importantly getting your profits out is so easier as its a normal local EFT to your bank account and not a wire transfer where you have to wait a week so you’ll get it to spend it faster (just remember there’s no short cuts to a being a professional trader and you have to take the time and effort to educate yourself with what’s important.

You’ll end up paying for it anyway in blown accounts. I’ve recently written a short review, if you have any experience with them, I’d love to hear it. Click here and tell me what you think of them

They have an easy to sign up for sub-affiliate program so that you can also make money passively from referring other affiliate marketers to earn a passive income.

Blackstone Futures Is A Fantastic STP Broker with Offices in Rivonia

Blackstone Futures is regulated by the FSB with registration number 38782.

Trading Forex, Commodities, Indices and Equity markets in South Africa has never been this appealing with them.

I had a conversation with the CEO of Blackstone Futures and he seems devoted to making an impact in the South African market.

Since their launch in 2009, trader feedback has been nothing but positive.

If you are looking for an ECN/STP/Non-market maker which allows you to fund and trade in ZAR, then Blackstone Futures is for you.

No currency conversion fees! No commissions! Blackstone Futures make withdrawals just as quick as depositing, with next day withdrawals.

They’re conveniently located in The Business Exchange, Rivonia Road, Sandton 2057, South Africa and you can visit them anytime.

Expert or Beginner, they offer a solid platform to grow as a trader.

Top notch educational material combined with a morning Daily Market Commentary release to broaden your outlook. Need a helping hand?

Their resident expert shares his knowledge and expertise surrounding the Financial Markets.

Trade on MT4 or their Cloudtrade platform!

Try them out, open a demo account here. Or a live account and start trading.

They also offer a SUB-IB account and you can sign up by clicking here.

Khwezi Trade. Licensed To Earn For You

Khwezi Trade is a special company of interest on this list.

Not only are they a licensed broker (FSP 44816) they are also one of the few that have FSB permission to manage your money.

They offer a mirror trading service, where someone else, in this case, a professional traders, trades his own account and your account, automatically mirrors the trades placed.

It requires a minimum of R10,000 and to be part of it the first thing you have to do is create your own trading account. The next step is to ask me for a mirror trading mandate form to fill in and return to start following their mirror strategy.

Step One: Sign up here. Step Two: Contact me for the Mirror Trading Mandate.

To join the business opportunity, you need to sign up as an Introducing Broker (IB) with Khwezi Trade and then introduce other people using your IB link.

If you need more information about this opportunity or have any questions, please contact me using the form.

Khwezi Trade Business Opportunity

4 + 7 =

Another Top South African Broker is Markets.com

Markets.com is operated by Safecap Investments Limited (“Safecap”), a regulated investment services firm authorized by the Cyprus Securities and Exchange Commission (“CySEC”) under license no. 092/08 and by the Financial Services Board (“FSB”) in South Africa as a Financial Services Provider under license no. 43906.

They’re perfect for beginner traders and offer a low initial depost (just $100) so that you can dip your feet into the trading market, without a risk of drowning immediately.

Account Types

Classic Trading Account

  • Minimum Deposit requirement of $100
  • Daily Market Analysis
  • Webinars & Video Tutorials Provided
  • Desktop & Mobile Trading

Standard Trading Account

  • Minimum Deposit Requirement of $2500
  • All of Classic account features
  • Dedicated Account Manager
  • Premium Daily Analysis

Premium Trading Account

  • Minimum Deposit of $20,000
  • All features of Premium Account
  • Premium Customer Support

Deposits and Withdrawals

They accepts credit or debit card transfers via Visa, MasterCard and Diners’ Club, along with wire transfers for both deposits and withdrawals, and charge no fees during the deposit/withdrawal process and commits to reimbursing you for any charges incurred by your bank in deposits that exceed the $2,500 mini account limit.

The withdrawal process is initiated following the submission of a withdrawal request form by you. Credit card withdrawals are instant, while withdrawals through other mediums may take up to 3 days at times. In rare cases this process may take longer due to delays in the interbank market.

They also offer a free $25 account to try their services out.  Click Here To Get It Now

Trade for Free with XM

XM is offering a R347, no deposit bonus to try out their services. Many brokers are now offering this risk free way to give you a taste of their services. You probably won’t get rich from this free account, you’ll need a decent size account of at least $500 if you want to start making some real money but if you haven’t ever traded before or you want to see what their service is like, sign up with XM.

XM’s traders are some of the most loyal, with regular webinars to attend, multiple account types, as well as a zero account (0 pip spread for selected currency pairs), they do all they can to keep their traders trading successfully and continuously.

For IBs they have also overhauled their website to offer real-time statistics, and payments every week. Check out the advantages here, The news section is filled with real life seminars all around the world for potential traders and give you every opportunity to build a business this way.

Click here to open an IB account.

 

Newly Regulated AVATrade Offers Bitcoin Trading

AVAtrade is the latest international broker that’s regulated by the FSB (FSP Number 45984.)

They’re also one of the few brokers that offer Bitcoin trading.

AVATrade also makes it easier for South African traders to enter the market especially with the funding of your account using PayPal or a deposit into a local South African bank.

This makes them one of the more convenient brokers to deal with. I do have a live account with them, but since the training I’m following uses the New York close charts and AVA offers a GMT server, I can’t follow the signals I receive using their charts.

I hope to trade my account with them when I get more confident in my ability to trade all charts and time-frames.

And like all good modern brokers do, they also offer a sub-IB program so that you can earn a passive income from referring other traders as well as other IBs.

Sign up as an affiliate here and earn some passive income from your referrals.

FXPrimus The Safest Place To Trade

FXPrimus is not FSB regulated (yet, I hear from them, they’re getting their ducks in a row and their papers filed) but bills itself as the safest place to trade with clients funds being kept in segregated accounts, insurance for bankruptcy and no transaction costs for deposits or withdrawals.

Investor’s funds are insured, free of charge by Lloyd’s for up to 2.5 million euros and is available to ALL clients.

They’re also have an ECN type account with STP (Straight Through Processing) so unlike market makers they don’t trade against you, and there’s no conflict of interest. Recently they posted a video on how to open an account, so you may want to check that out if you’re very interested in signing up with them and would like a short tutorial.

They offer some of the tightest spreads around and seem to have an excellent reputation so if you’re an experienced trader and have had enough of the many market makers hunting for your stop-losses, then check them out.

I’m considering moving my live account to them and using them for the mentorship program and when I sufficient funds available I’ll open a live account with them and then move my trading account.

IronFX is the broker I’m trading a live account with at present

IronFX is one of the most regulated brokers in the world (FSP no 45276) and for particular reasons of their trading platform, I’ve decided to trade my current live account with them. They’ve had some bad press recently, but (perhaps) because my accounts are still small, I haven’t had any problems with them, even with requesting withdrawals.

Their Research & Analysis team get’s global recognition by the most well respected Financial media of the world. There daily market analysis is 100% FREE for clients.

Being a globally trusted brand, IronFX offers instant execution with no slippage or delay.

They offer the best spreads from 0 pips, with your 1 account you can trade 15 platforms and they offer over 200 tradable instruments. 

IronFX’s achievements has been recognized by multiple international awarding bodies.

$35 No Deposit Bonus

Like all brokers that want you to try their platform out, they offer a $35 free account.

Check it out here.

IG is a new broker I’m partnering with

They began in 1974 as IG Index, providing a way for retail investors to speculate on the price of gold. Since then they’ve continued to change the face of trading, establishing themselves as a market leader around the world.

They’re secure

As a large multinational organisation we have strength in resources and stability, with a well-capitalised, debt-free balance sheet and consistently strong growth.

They’re a market leader

With 40 years’ experience they are the No.1 global provider of financial spread betting and CFDs, and hold a market-leading position in many countries, including the UK, Australia, Singapore and France.

TD Markets

Not regulated in South Africa by the FSB but the favourite broker of Global Forex Institiute, the agency that many South Africans are choosing to learn from. They have some interesting free funding or free training if you FICA your account and choose their company to learn from.

They also supply Direct Market Access and an interesting leverage structure to limit your risk so its easier for beginners not to blow their accounts like most of us do.

Open an account and get some free funds.

ForexTime: A New Broker Regulated in South Africa

FXTM is now licensed by South Africa’s FSB with FSP number 46614.

Like all good (excellent brokers), all of FXTM’s client funds are deposited in segregated accounts at top-tier banks such as Barclay’s and Credit Suisse.

FXTM are one of the few brokers tgat offers all traders an insane leverage of up to 1:1000, tight spreads starting from 0.1 pips, and the ability to trade 100+ instruments.

They provides a great variety of optimised account types, desktop and mobile MT4/MT5 trading platforms, regularly hosts exciting demo and live contests, gives out trade-enhancing bonuses as well as useful free trading tools.

Social Trading With eToro

eToro is one of the first companies to offer social trading. What’s that? Its like combining a trading platform (like MT4) and Facebook.

It allows novice traders to follow the trades of other more professional or traders with more experience and allows you to profit without knowing how to trade.

The first trading account I ever owned was an eToro account and even though I don’t trade it anymore, it is still there and I’m sure that one day I’ll return to it. eToro

Join now, deposit at least $500 and get a $200 bonus to invest with!

Axitrader is the broker I first started trading seriously with

AxiTrader was the recommend of the mentor I chose and in since I’ve been trading with them they’ve been great and only messed up once with the price feed to their server. It was all fixed very quickly though. While they’re also not regulated by the FSB, they are a broker that’s trusted by many traders around the world and have a trustworthy reputation.

I’m yet to withdraw any money from them (so I can’t tell you about this part of their service yet.) I written a review of their services though, click here to read it.

New legislation has made it a bit harder to open an account at Axitrader, you now need two forms of identity (like an ID document in addition to a passport) to open an account but regardless of the admin issues, they’re a terrific company though and I highly recommend trading with them.

ACMGold

ACM Gold and Forex Trading (PTY) Ltd. is an authorized Financial Services Provider in South Africa with a regulated FSP number (FSP– 26164)

They were one of the first brokers that I opened a live account with (I am also an active IB) but because of their GMT based trading server (I need a New York Close chart based on my mentors advice), their market-maker strategy (I now prefer STP brokers, also known as ECN) and their back-office I moved to other brokers.

The biggest advantage of ACM Gold is the local office in Sandton City and the South African bank account they have and I had no problems at all to withdraw the funds from my account.

Blackwell Global

I’ve recently signed up as an IB with Blackwell Global after hearing some good things about them.

They’re an STP broker and also one of the few who have insurance so that your funds are protected should the company run into financial difficulty.

I first heard about them because of their innovative money management accounts, when I grow up and become a better, more consistently profitable trader, I plan on offering this service, though I don’t know much about it yet.

InstaForex Offers A No Deposit Bonus of $25

Third Time Lucky and Instaforex, Asia’s favourite broker also offers a no deposit bonus. Be wary of these promotions as some very onerous terms and conditions apply.

I would only recommend it, if you’re absolutely desperate to start trading forex and you have no capital of your own to trade with. Who knows, you may get lucky and turn that measly amount into some serious wealth.

Otherwise you’d be better off either taking their 250% bonus when you deposit your real money or give some love to Liverpool, the Premier League team I follow.

GBE Brokers

GBE brokers Ltd is a fully regulated European online-broker both for private and institutional traders focused on FX and CFD trading.

They’re regulated and licensed under the Cyprus Securities and Exchange Commission (CYSEC). (CIF license number 240/14). They’re one of the brokers recommended by Forex Varsity, who are one of the better trading education providers with offices in some of the major city centres in South Africa.

Their ECN-trading-servers are located in Equinix LD4 Data center and are directly connected to liquidity providers via fibre optic cable to provide worldwide best execution speed on a Metatrader 4 platform!

GBE brokers Ltd provides same account for: currency trading and trading in a wide range of CFD-products in the fields of indices, commodities and metals (gold, silver, platinum).

You can easily use their trading platforms, the commonly MT4 is also available on Apple Mac and they have mobile apps too.

Test their demo and live platforms now – they claim to keep their promises!

orbex

I’ve only just discovered Orbex and as a broker I’m really impressed with their offering.

Calling themselves the best forex broker in the world sounds like a lofty claim to make and I intend to find out if they live up to their reputation.

They’ve got a wealth of educational resources on their site, webinars and they seem to understand the churn rate, market maker policy of most other brokers with B-Books and trading desks.

I’m even tempted enough to start a live account soon and report back here on what I find.

ThinkForex

ThinkForex is regulated by the Australian Securities and Investments Commissions (ASIC) in Australia under license number 424700.

ThinkForex is also regulated as TF Global Markets (UK) Limited by the Financial Conduct Authority (FCA) in the United Kingdom, with FCA Number 629628.

ThinkForex is a non-dealing desk broker.

However, ThinkForex is the counterparty to your trades, which means they employ the market maker business model.

They may choose to hedge your trades with a prime brokerage, or leave your positions unhedged.

JustForex

Based out of Belize ((license no. IFSC/60/241/TS/16) JustForex is a new broker that I’m interested in. Mainly because they offer trading in Bitcoin (one of my favourite currencies to trade).

I’ve written a more comprehensive review here, but in essence they offer 3 types of accounts. A Classic account for beginners, a NDD (non-dealing desk) account if you want to trade with no commission but just a floating spread, or an ECN account with a fixed spread but a commission charged (perfect for scalping).

Check out some of their great bonuses if you’re interested in trading with them.

  1. Open a Demo Account
  2. Open a Live Account

Union Standard Group (USGFX)

Union Standard Group (USGFX) is regulated by the Australian Securities and Investment Commission (ASIC) and holds an Australian Financial Services Licence (AFSL).

Their AFSL number is 302792.

As a regulated foreign exchange and CFD broker, USGFX adheres to strict capital requirements and implements internal procedures including risk management, regular staff training, and strict accounting and auditing processes.

Like all good brokers who secure client’s funds, the funds are held in a segregated trust account with the Commonwealth Bank of Australia, separate from the company’s accounts and funds.

For total beginners, they have a $30 bonus for mini accounts, so deposit a minimum of $100 and get the $30 into your trading account. You need to trade a minimum of 20 standard lots to qualify to withdraw that bonus, so I hope that you are a savvy trader and can turn a profit with that little to get that money free.

They also have regular webinars, so if you need to learn, they have the training available for you.

They also have social trading with ZuluTrader and MyfxBook, so you can make money from the markets without knowing how to trade. Just hire someone else to do so for you.

Here’s some of the benefits of dealing with this broker.

  • Regulated by the Australian Securities & Investment Commission (so tough regulations)
  • Ultra-fast execution of orders with one-click trading
  • Optical fibre connections to interbank servers in New York, London & HK
  • Competitive spreads with low slippage and minimum requotes
  • Segregated Client Funds at the Commonwealth Bank
  • Negative Balance Protection
  • Withdrawals approved within 24 hrs
  • Choose leverage as high as 1:500
  • Structured forex education course – The TradersClub Coaching Program
  • Free access to Trading Central’s award-winning technical analysis.
  • Trade on the world’s most popular trading platform – MT4
  • 24-hour client support by professional and friendly staff
  • Your own dedicated personal Account Manager

If you have any questions, need any help or would like to leave a message, please leave a comment or send me an email.

Contact Me

9 + 8 =

These are the brokers that I’ve tried out,

I’ll add in some more as I get to try them out and see how they operate.

I believe more will be coming into the local market now as the number of South African’s that are Forex Trading is increasing every day. How’s your trading going?

Please take care with the brokers you eventually do choose, if you would like some help, please contact me,
Browse through the latest articles that these broker’s have provided and use it to make a decision on which broker you’re going to trade with.

Thanks for reading, I hope that you get in touch, its best to add me as a contact:
Haroun Kola
WhatsApp: (082) 561-4455

RoboForex – professional services on Forex market

Latest Blog Posts

I constantly keep this section of the site updated.

Here’s the latest news from these brokers and
here is where you can find all the articles.

Daily analysis of EUR/JPY for March 28, 2017

OverviewThe EUR/JPY pair confirmed the continuation of the bullish bias domination by forming new bullish wave, to move away from the extension of the support at 119.50. Note that surpassing the moving average 55 is important for getting rid of the negative pressures,...

read more

Daily analysis of GBP/JPY for March 28, 2017

OverviewThe GBP/JPY pair kept its negative stability below 139.30 level, which forms the extension of the initial resistance that appears in the above image. Therefore, we will keep waiting until gathering strong negative momentum that allows it to begin recording the...

read more

Daily analysis of USD/JPY for March 28, 2017

OverviewThe USD/JPY pair provided some positive trading yesterday to retest the previously broken 110.85 level and bounces lower from there. That supports the chances for resuming the bearish trend in the upcoming sessions. Notice that stochastic loses its positive...

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Analysis of USD/JPY for March 28, 2017

Recently, the USD/JPY pair has been trading upwards. The price tested the level of 110.82. According to the 1H time frame, I found the double bottom in the background and the double morning star formation, which is a sign that selling looks risky. Most recently, the...

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Technical analysis of USD/CHF for March 28, 2017

Overview: The USD/CHF pair continues to move downwards from the level of 0.9949. Yesterday, the pair dropped from the level of 0.9949 (this level of 0.9949 represents a major resistance) to the bottom around 0.9852. Today, the first resistance level is seen at 0.9896...

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Gold analysis for March 28, 2017

Recently, Gold has been trading sideways at the price of $1,252.00. Anyway, according to the 1H time frame, I found fake breakout of the previous high and up-thrust bar, which is a sign that buying looks risky. My advice is to watch for potential selling...

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Technical analysis of NZD/USD for March 28, 2017

Overview: The NZD/USD pair is still moving around the spot of 0.7075. The pair has already formed minor resistance at 0.7004 and the strong resistance is seen at the level of 0.7075 because it represents the weekly resistance 1. So, major resistance is seen at 0.7004,...

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