Best Forex Brokers in South Africa

If you are a South African resident or citizen and interested in trading the forex market, it is highly advisable to open an account with a forex broker who is regulated by the Financial Services Board (FSB) which will give you the best level of confidence that your broker is under strict guidelines for operating in South Africa.

South African Forex Broker Rankings

The following table presents all forex brokers in our database who have the appropriate license from the FSB. Note that other well known brokers may be perfectly safe to trade with but do not hold a FSB license. It is up to you if you decide that you want to trade with a forex broker who is unregulated in your country.

The main downside is that if you have any trouble, you will need to get in touch with the body with whom your broker is regulated by.

FSB Regulated South African Forex Brokers – Updated March 2019
Broker Name Trust Score  Reviews 98 / 100 Reviews
HotForex 94 / 100 HotForex Reviews
AvaTrade 74 / 100 AvaTrade Reviews

Additional resource for South Africans

Award winning finance journalist and author, Maya Fisher-French has an excellent personal website where she discusses all money matters. You can visit her website at

AMF Logo
CySEC Logo
FSB Logo
FCA Logo
FSC Logo

Forex brokers who are listed on our website must be regulated with at least one regulatory body. Click here for a full list.

Advocating safe forex trading across the world

©2019 - Forex (foreign exchange) trading carries an amount of risk that may not be suitable for all investors. Margin trading can be beneficial but also detrimental. You should consider your level of experience, capital you are willing to risk and trading conditions with each broker prior to trading in the forex market.