104 brokers measured60 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026
Swap-free brokers in South Africa
Key facts (6 · 73 of 104)
In this ranking
73 of 104
Ranked on all axes
31 of 73
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 / 31 of 73)
Full list (73)
Sorted by computed score, highest first. Unscored brokers follow.
Showing 73 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 |
| AvaTrade | no data | 9.0 | 100.0geo | 400.0geo | no data | Local Ava Capital Markets Pty Ltd |
| Capital.com | no data | 6.0 | 20.0geo | no data | no data | South African clients are now onboarded |
| 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 |
| ATFX | no data | 12.0 | no data | 400.0geo | 24.0 | AT Global Markets SA (Pty) Ltd (ATFX SA) |
| 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 |
| Trade Nation | 4.07 | 5.0 | no data | 200.0geo | 120.0 | South African clients are onboarded unde |
| 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 |
| FXGT.com | no data | not priced | 5.0geo | 1000.0geo | no data | GT IO Markets (Pty) Ltd (South Africa); |
| 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 |
| Headway | no data | not priced | 1.0geo | no data | no data | Home base: Jarocel (Pty) Ltd, East Londo |
| IC Markets | no data | 7.5 | 200.0geo | 500.0geo | no data | South African clients are onboarded unde |
| 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 |
| XTB | 3.81 | 7.0 | no data | 500.0geo | 72.0 | XTB International Limited |
| 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 |
| FXTM | no data | not priced | 10.0geo | 2000.0geo | 24.0 | ForexTime Ltd |
| Amana Capital | 3.73 | 7.0 | no data | 100.0geo | 48.0 | Amana Capital Ltd |
| LiteFinance | 3.71 | 18.0 | 50.0geo | 1000.0geo | 24.0 | South African residents are onboarded un |
| 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 |
| Pepperstone | no data | not priced | no data | 400.0geo | no data | Pepperstone Markets Kenya Limited |
| ActivTrades | no data | not priced | no data | 200.0geo | no data | South African clients onboarded offshore |
| 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 |
| NAGA | no data | 11.0 | 250.0geo | 1000.0geo | 24.0 | Served under offshore NAGA Capital Ltd ( |
| 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 |
| Milton Prime | no data | not priced | no data | 500.0geo | no data | Milton Global Ltd |
| InstaForex | no data | not priced | no data | 1000.0geo | 7.0 | SA clients served via offshore Instant T |
| 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 |
| T4Trade | no data | not priced | no data | 1000.0geo | no data | Tradeco Ltd |
| Fortrade | 2.57 | 20.0 | no data | no data | 120.0 | Served internationally via Fortrade (Mau |
| Plus500 | no data | not priced | no data | 30.0geo | 72.0 | Plus500AU Pty Ltd |
| MultiBank Group | no data | not priced | no data | 500.0geo | no data | South African clients served via offshor |
| Axiory | no data | not priced | no data | 400.0geo | no data | Axiory Global Ltd |
| Doo Prime | no data | not priced | no data | 1000.0geo | no data | South African retail served offshore via |
| Hantec Markets | no data | not priced | no data | 500.0geo | no data | Hantec Markets Ltd |
| FIBO Group | no data | not priced | 50.0geo | 1000.0geo | no data | South African clients onboarded by offsh |
| Finvasia | no data | not priced | no data | no data | no data | South Africa served via Fxview — Finvasi |
| Scope Markets | no data | 9.0 | no data | no data | no data | Scope Markets SA (Pty) Ltd. |
| Ultima Markets | no data | not priced | no data | 2000.0geo | no data | Ultima Markets (Pty) Ltd, an FSCA-author |
| ForexMart | no data | not priced | 15.0geo | 500.0geo | 7.0 | Offshore Tradomart SV Ltd |
| EasyEquities | no data | not priced | no data | no data | 120.0 | of Purple Group Ltd |
| Purple Group | no data | not priced | no data | no data | no data | Purple Group Ltd |
| Satrix | no data | not priced | no data | no data | no data | Satrix Managers (RF) (Pty) Ltd (part of |
| OctaFX | no data | not priced | 25.0geo | 1000.0geo | 3.0 | Orinoco Capital Pty 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: 42 of 73 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?
73 of 104 of the 104 brokers in our South Africa base, and 31 of 73 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 swap-free brokers 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.