5 Best Forex Brokers in South Africa (2020)

Here is our handpicked top 5 forex trading platform for South African traders.

1.  IG

IG is a popular STP, ECN, and DMA broker which has offices in Australia, UK, USA, Switzerland, UAE, Singapore, and Japan.

IG has been in operation since 1974 and is strictly regulated by several regulatory entities in facilitating the trade of more than 16,000 financial instruments.

Traders who use IG to facilitate their trades have access to an excellent selection of flexible trading platforms, advanced trading tools and educational resources, flexible funding methods, competitive trading conditions, deep liquidity pools, and more.

2.  XM

XM is a reputable ECN and STP broker which is based in Australia, Cyprus, Belize, and the United Kingdom.

In operation since 2009, XM is strictly regulated and authorized by ASIC, CySEC, and IFSC in facilitating the trade of a variety of financial instruments which can be traded through the powerful, popular MetaTrader 4 and MetaTrader 5.

XM is a multi-award-winning broker which also offers more than 2.5 million traders with exceptional trading solutions, no-requotes, tight and competitive spreads, fast trade execution, negative balance protection, and more.

XM also supports a variety of trading styles such as hedging and scalping, and adequately provides for traders despite their trading experience, knowledge, and skill.

3.  Pepperstone

Pepperstone is one of the largest brokers in the industry which has been in operation since 2010 in offering traders from around the world with comprehensive trading solutions.

As an ECN and STP broker, traders are offered with low cost spreads, low latency, high speed executions, and more, as part of its comprehensive offering.

In addition, when trading with Pepperstone, traders can expect the use of cutting-edge trading technology, negative balance protection, a variety of tradable financial instruments, flexible payment methods, and award-winning customer support.

4.  Exness

Exness is a popular forex broker which has been in operation since 2008 and has offices in Cyprus, Seychelles, and the United Kingdom. Exness is strictly regulated by respective, corresponding regulatory entities in these jurisdictions to offer the trade of a variety of financial instruments.

Exness offers its traders with advanced and flexible trading platforms, a variety of account options, each catered to the different needs and objectives of its traders, access to competitive trading conditions, a variety of trading styles, and more.

When trading with Exness, traders can trade in forex, CFDs, stocks, indexes, metals, energies, and cryptocurrencies. Exness also provides traders with fast and reliable deposit and withdrawal methods.

5.  FXTM

FXTM is a reputable ECN and STP broker based in the United Kingdom, Cyprus, South Africa, and Mauritius with respective regulation and authorization through CySEC, FCA, FSC, and FSCA.

FXTM was established in 2011 and is an award-winning broker which connects traders from around the world to global markets. This is done through its provision of more than 250 tradable financial instruments which can be traded through powerful trading platforms.

When trading with FXTM, traders can expect exceptional trading solutions, a range of educational material, trading tools, flexible account types, commission-free accounts, and more.

Want to learn more about forex trading?

Click here – https://forex-trading.co.za/