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.

Broker NameTrust Score Reviews
Markets.com98 / Reviews
HotForex94 / 100HotForex Reviews
AvaTrade74 / 100AvaTrade 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

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Forex brokers who are listed on our website must be regulated with at least one regulatory body.

Advocating safe forex trading across the world

©2021 - 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.