104 brokers measured60 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026
Brokers for beginners in South Africa
Key facts (6 · 8 of 104)
In this ranking
8 of 104
Ranked on all axes
4 of 8
Round turn, USD · Median
7.0 USD
Min deposit, USD · Median
50.0 USD
Max leverage
500.0geo
Withdrawal, h · Median
24.0 h
Top picks (3 / 4 of 8)
Full list (8)
Sorted by computed score, highest first. Unscored brokers follow.
Showing 8 of 104 brokers that onboard South Africa residents.
| Broker | Score | Round turn, USD | Min deposit, USD | Max leverage | Withdrawal, h | Onboarding entity |
|---|---|---|---|---|---|---|
| Capital.com | no data | 6.0 | 20.0geo | no data | no data | South African clients are now onboarded |
| IG Markets SA | no data | 7.5 | no data | 30.0geo | 72.0 | IG Markets South Africa Limited |
| ATFX | no data | 12.0 | no data | 400.0geo | 24.0 | AT Global Markets SA (Pty) Ltd (ATFX SA) |
| Trade Nation | 4.07 | 5.0 | no data | 200.0geo | 120.0 | South African clients are onboarded unde |
| Traders Trust | 4.01 | 6.0 | 50.0geo | 3000.0geo | 24.0 | Offshore TTCM Traders Trust Capital Mark |
| Khwezi Trade | 3.98 | 6.0 | no data | 400.0geo | 72.0 | Khwezi Trade (Pty) Ltd, Cape Town |
| Headway | no data | not priced | 1.0geo | no data | no data | Home base: Jarocel (Pty) Ltd, East Londo |
| Fortrade | 2.57 | 20.0 | no data | no data | 120.0 | Served internationally via Fortrade (Mau |
The numbers across South Africa
Round-turn cost, USD (60 of 104)
Median 7.0 · Range 1.5–20.0 USD
Minimum deposit, USD (36 of 104)
Median 50.0 · Range 0.0–1000.0 USD
Retail leverage (71 of 104)
Median 500.0 · Range 25.0–5000.0 1:x
Withdrawal time, hours (51 of 104)
Median 24.0 · Range 0.0–168.0 h
How to choose (5)
- Check the entity in the last column: South Africa residents are onboarded by a local entity at some of these brokers and by an offshore one at others.
- Compare the round turn against the median of 7.0 USD, measured on 60 of 104 brokers rather than on the whole base.
- Treat a blank as a blank: 4 of 8 brokers here are missing at least one axis and are listed without a score.
- Read the leverage column with its marker: a figure the country's regulator did not set belongs to the broker's group, not to this country.
- Open the licence number on the broker page and check it in the register before funding.
Related rankings (6)
Methodology
2 + 3 × weighted mean of six axes. A broker enters this ranking only with a review rating and a round-turn price; others are listed with their score withheld.
FAQ (4)
How many brokers are in this ranking?
8 of 104 of the 104 brokers in our South Africa base, and 4 of 8 of them are measured on all six axes.
How is the order decided?
By the computed score: 2 + 3 × the weighted mean of six axes. A broker without a review rating or without a round-turn price is listed but not ranked.
Which broker leads brokers for beginners in south africa?
Trade Nation with 4.07 of 5 and a round turn of 5.0 USD.
What does trading cost in South Africa on average?
The median round turn on one EURUSD lot is 7.0 USD, measured on 60 of 104 brokers.