104 brokers measured60 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026
Raw-spread and ECN accounts in South Africa
Key facts (6 · 47 of 104)
In this ranking
47 of 104
Ranked on all axes
28 of 47
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 / 28 of 47)
Full list (47)
Sorted by computed score, highest first. Unscored brokers follow.
Showing 47 of 104 brokers that onboard South Africa residents.
| Broker | Score | Round turn, USD | Min deposit, USD | Max leverage | Withdrawal, h | Onboarding entity |
|---|---|---|---|---|---|---|
| CFI | no data | 4.0 | no data | 500.0geo | no data | CFI Financial (Pty) Ltd, local South Afr |
| FP Markets | no data | 6.5 | 100.0geo | 500.0geo | no data | South African clients are onboarded unde |
| HFM | 4.5 | 6.0 | no data | 2000.0geo | 24.0 | SA clients served under LOCAL FSCA-licen |
| STARTRADER | no data | 4.0 | 50.0geo | 1000.0geo | 24.0 | STARTRADER International Pty Ltd |
| ACY Securities | 4.42 | 6.0 | no data | no data | 24.0 | ACY Securities SA (Pty) Ltd (formerly In |
| Admirals | 4.4 | 6.0 | 25.0geo | 500.0geo | 24.0 | South African clients served by locally |
| FXGT | 4.32 | 6.0 | 10.0geo | 5000.0geo | 24.0 | South African clients are onboarded unde |
| CMTrading | 4.29 | 8.0 | 300.0geo | 200.0geo | 24.0 | GCMT South Africa (Pty) Ltd; FSCA licenc |
| JustMarkets | 4.27 | 3.0 | no data | 3000.0geo | no data | Just Global Markets Pty Ltd |
| FXCM | 4.26 | 7.0 | 4.0geo | 400.0geo | 72.0 | Served locally by Stratos South Africa ( |
| Tickmill | 4.25 | 6.0 | 100.0geo | 1000.0geo | no data | Tickmill South Africa (Pty) Ltd — locall |
| Moneta Markets | 4.17 | 7.0 | 50.0geo | 1000.0geo | 24.0 | Moneta Markets Ltd |
| ThinkMarkets | 4.17 | 7.0 | 50.0geo | 500.0geo | no data | Pty Ltd |
| IronFX | 4.07 | 18.0 | 100.0geo | 500.0geo | no data | Notesco SA (Pty) Ltd — locally licensed |
| AMarkets | 4.05 | 7.0 | no data | 3000.0geo | 24.0 | AMarkets Ltd |
| Land-FX | no data | 3.35 | 10.0geo | 2000.0geo | 1.0 | Land Prime Ltd |
| CAPEX | no data | 14.0 | 100.0geo | 300.0geo | 24.0 | JME Financial Services (Pty) Ltd, operat |
| Forex.com | 4.01 | 7.0 | no data | 50.0geo | no data | GAIN Global Markets Inc |
| Traders Trust | 4.01 | 6.0 | 50.0geo | 3000.0geo | 24.0 | Offshore TTCM Traders Trust Capital Mark |
| Fusion Markets | no data | 4.5 | no data | 500.0geo | 1.0 | South African retail clients are onboard |
| Grand Capital | no data | 5.0 | 10.0geo | 500.0geo | 0.25 | Grand Capital Ltd |
| Global Prime | no data | 7.0 | no data | 500.0geo | 2.0 | Gleneagle Securities Pty Ltd |
| IC Markets | no data | 7.5 | 200.0geo | 500.0geo | no data | South African clients are onboarded unde |
| CMC Markets | 3.85 | 5.0 | no data | no data | no data | CMC Markets does not accept clients resi |
| FxPro | 3.82 | 7.0 | 100.0geo | 200.0geo | no data | FxPro Markets Direct Costa Rica Latam SR |
| Orbex | 3.82 | 8.0 | 100.0geo | 500.0geo | 24.0 | Served offshore via Orbex Global Ltd (Ma |
| GO Markets | no data | 6.0 | 200.0geo | 500.0geo | 48.0 | GO Markets Pty Ltd |
| FXChoice | 3.8 | 7.0 | 100.0geo | 200.0geo | 24.0 | FX Choice Ltd |
| BlackBull Markets | no data | 6.0 | 0.0geo | 500.0geo | no data | BBG Limited |
| Equiti | no data | 8.0 | 500.0geo | 500.0geo | no data | SA clients served via group offshore ent |
| Blueberry Markets | 3.75 | 7.0 | no data | 500.0geo | 48.0 | Served via offshore Blueberry Markets (M |
| Trive South Africa | no data | 10.0 | no data | no data | 168.0 | Trive International Ltd |
| Amana Capital | 3.73 | 7.0 | no data | 100.0geo | 48.0 | Amana Capital Ltd |
| FXOpen | 3.67 | 1.5 | no data | 500.0geo | 24.0 | Offshore FXOpen Markets Ltd |
| Dukascopy | 3.66 | 8.0 | 100.0geo | 200.0geo | no data | Served by Dukascopy Bank SA (Switzerland |
| Errante | 3.6 | 15.0 | no data | 1000.0geo | 24.0 | Served under offshore Errante Securities |
| HYCM | 3.59 | 5.0 | no data | 500.0geo | no data | HYCM Ltd |
| Windsor Brokers | 3.58 | 8.0 | no data | 1000.0geo | 24.0 | Windsor Brokers International Ltd |
| Eightcap | no data | 7.0 | no data | 500.0geo | no data | Eightcap Global Limited |
| Fullerton Markets | no data | 7.0 | no data | 500.0geo | no data | Fullerton Markets International Ltd |
| Swissquote | 3.46 | 16.0 | 1000.0geo | 100.0geo | 24.0 | Swissquote Bank Ltd |
| Skilling | 3.43 | 8.5 | 100.0geo | 500.0geo | no data | Served by offshore Skilling (Seychelles) |
| TMGM | no data | 7.0 | no data | 1000.0geo | 96.0 | Trademax Global Ltd |
| BDSwiss | 3.21 | 10.0 | no data | no data | 24.0 | South African clients are served with ZA |
| ADSS | no data | 12.0 | no data | 500.0geo | 120.0 | ADS Securities LLC |
| OANDA | no data | not priced | no data | no data | no data | None. OANDA does NOT accept clients from |
| Hantec Markets | no data | not priced | no data | 500.0geo | no data | Hantec Markets Ltd |
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: 19 of 47 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?
47 of 104 of the 104 brokers in our South Africa base, and 28 of 47 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 raw-spread and ecn accounts in south africa?
HFM with 4.5 of 5 and a round turn of 6.0 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.