Swap-free (Islamic) accounts: what is actually waived
A swap is the overnight financing charge on a leveraged position. A swap-free, or Islamic, account waives it, which is what makes the account usable under rules that forbid interest.
What is waived differs between brokers, and the difference matters: some waive the swap and charge an administration fee after a few nights instead, some limit swap-free status to certain instruments, and some grant it on request rather than by default. The broker pages here record the condition as the broker states it.
The ten below offer a swap-free account to residents of South Africa.
Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.
Key facts (73 of 104 counts · 104 brokers onboarding South African residents)
73of 104
qualify for this ranking
70% of 104
35of 73
scored on all six axes
48% of 73
66of 104
publish a price
63% of 104
72of 104
publish a leverage figure for this country
69% of 104
Top 3 (of 3 ranked)
Swap-free (Islamic) accounts: what is actually waived (73 of 104)
OrderBy slice score, formula v1.0.
Shown73 of 104 brokers in this ranking · all 73
| # | Broker | Round turn, USDZA | Min deposit, USDZA | Leverage | Withdrawal, hZA | Score | Execution | Founded | Funding |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 4 | — | 500ZA | — | 4.92 | ECN/raw + standard | 1998 | 3 methods · local | |
| 2 | 6.5 | 100 | 500ZA | — | 4.78 | ECN/raw + standard | 2005 | 3 methods | |
| 3 | 6 | 20 | —stated, not verified | — | 4.6 | Standard | 2016 | 3 methods · local | |
| 4 | 9 | 100 | 400ZA | — | 4.55 | Standard | 2006 | 5 methods · local | |
| 5 | 6 | — | 2000ZA | 24 | 4.46 | ECN/raw + standard | 2010 | 3 methods · local | |
| 6 | 4 | 50 | 1000ZA | 24 | 4.42 | ECN/raw + standard | 2019 | 4 methods | |
| 7 | 6 | 50 group | 500 groupZA | 24 | 4.37 | ECN/raw + standard | 2011 | 5 methods · local | |
| 8 | 6 | 10 | 5000ZA | 24 | 4.36 | ECN/raw + standard | 2019 | 6 methods · local | |
| 9 | 6 | 25 | 500ZA | 24 | 4.36 | ECN/raw + standard | 2001 | 4 methods · local | |
| 10 | 7 | 50 | 500ZA | 4 | 4.28 | ECN/raw + standard | 2010 | 5 methods · local | |
| 11 | 3 | — | 3000ZA | — | 4.27 | ECN/raw + standard | — | 3 methods · local | |
| 12 | 7 | 4 | 400ZA | 72 | 4.26 | ECN/raw + standard | 1999 | 2 methods · local | |
| 13 | 6 | 100 | 1000ZA | — | 4.25 | ECN/raw | 2014 | 4 methods · local | |
| 14 | 8 | 300 | 200ZA | 24 | 4.24 | ECN/raw + standard | 2012 | 4 methods · local | |
| 15 | 12 | 500 group | 400ZA | 24 | 4.18 | Standard | 2017 | 3 methods · local | |
| 16 | 4.5 | 0 | 500ZA | 1 | 4.13 | ECN/raw + standard | 2017 | 6 methods | |
| 17 | 7 | 50 | 1000ZA | 24 | 4.12 | ECN/raw + standard | — | 5 methods | |
| 18 | 3.35 | 10 | 2000ZA | 1 | 4.1 | ECN/raw + standard | 2008 | 7 methods · local | |
| 19 | 18 | 100 | 500ZA | — | 4.07 | ECN/raw + standard | 2010 | 6 methods · local | |
| 20 | 7 | 100 group | 50ZA | — | 4.06 | ECN/raw + standard | 2001 | 3 methods | |
| 21 | 14 | 100 | 300ZA | 24 | 4.02 | ECN/raw + standard | 2016 | 3 methods · local | |
| 22 | 7 | 100 group | 3000ZA | 24 | 4.01 | ECN/raw + standard | 2007 | 3 methods | |
| 23 | — | 5 | 1000ZA | — | 4.01 | — | 2019 | 5 methods · local | |
| 24 | 8 | 750 ZAR | 30ZA | 72 | 4 | Standard | 2008 | 5 methods · local | |
| 25 | 5 | 10 | 500ZA | 0.25 | 4 | ECN/raw + standard | 2006 | 3 methods | |
| 26 | 5 | 0 group | 200ZA | 120 | 3.98 | Standard | 2014 | 3 methods · local | |
| 27 | 7 | — | 400ZA | 24 | 3.97 | ECN/raw + standard | 2010 | 5 methods · local | |
| 28 | 5 | 0 group | 200ZA | — | 3.97 | Standard | 2001 | 4 methods | |
| 29 | 6 | 50 | 3000ZA | 24 | 3.96 | ECN/raw + standard | 2009 | 5 methods | |
| 30 | 7.5 | 200 | 500ZA | 24 | 3.92 | ECN/raw + standard | 2007 | 9 methods · local | |
| 31 | 6 | 0 | 500ZA | 72 | 3.92 | ECN/raw + standard | 2014 | 6 methods · local | |
| 32 | 7 | 0 group | 500ZA | 2 | 3.91 | ECN/raw + standard | 2010 | 6 methods | |
| 33 | 5 | 0 | 500ZA | 72 | 3.83 | Standard | 2002 | 2 methods | |
| 34 | 7 | 100 | 200ZA | — | 3.82 | ECN/raw + standard | 2006 | 3 methods · local | |
| 35 | 8 | 100 | 500ZA | 24 | 3.82 | ECN/raw + standard | 2010 | 5 methods | |
| 36 | 6 | 200 | 500ZA | 48 | 3.8 | ECN/raw + standard | 2006 | 4 methods | |
| 37 | 7 | 100 | 200ZA | 24 | 3.8 | ECN/raw + standard | 2010 | 3 methods | |
| 38 | — | 1 | —stated, not verified | — | 3.77 | — | 2023 | 4 methods · local | |
| 39 | 7 | 100 group | 500ZA | 48 | 3.75 | ECN/raw + standard | 2016 | 7 methods | |
| 40 | 8 | 100 | 200ZA | — | 3.71 | ECN/raw + standard | 2004 | 3 methods | |
| 41 | 8 | 500 | 500ZA | — | 3.7 | ECN/raw + standard | 2003 | 3 methods | |
| 42 | 7 | 50 group | 100ZA | 48 | 3.69 | ECN/raw + standard | 2010 | 2 methods | |
| 43 | 18 | 50 | 1000ZA | 24 | 3.67 | Standard | 2005 | 3 methods | |
| 44 | 1.5 | 1 group | 500ZA | 24 | 3.67 | ECN/raw | 2005 | 6 methods | |
| 45 | — | 300 group | 500ZA | 1 | 3.61 | — | 2015 | 4 methods · local | |
| 46 | 16 | 10 | 2000ZA | 24 | 3.6 | Standard | 2011 | 5 methods · local | |
| 47 | 5 | 100 group | 500ZA | — | 3.59 | ECN/raw | 1998 | 5 methods | |
| 48 | 10 | 15 | 500ZA | 7 | 3.59 | Standard | 2015 | 6 methods · local | |
| 49 | 8 | 50 group | 1000ZA | 24 | 3.58 | ECN/raw + standard | 1988 | 3 methods | |
| 50 | — | 50 group | 1000ZA | 24 | 3.58 | ECN/raw + standard | 2019 | 5 methods | |
| 51 | 11 | 250 | 1000ZA | 24 | 3.58 | Standard | 2015 | 4 methods · local | |
| 52 | 7 | — | 500ZA | — | 3.52 | ECN/raw + standard | 2015 | 2 methods | |
| 53 | 16 | 1000 | 100ZA | 24 | 3.5 | ECN/raw + standard | 1996 | 2 methods | |
| 54 | 8.5 | 100 | 500ZA | — | 3.43 | ECN/raw + standard | 2016 | 6 methods | |
| 55 | 15 | 50 group | 500ZA | — | 3.35 | Standard | 2005 | 5 methods | |
| 56 | 7 | 100 group | 1000ZA | 96 | 3.3 | ECN/raw + standard | 2013 | 6 methods | |
| 57 | — | 1 group | 1000ZA | 7 | 3.28 | — | 2007 | 3 methods | |
| 58 | 7 | 100 group | 500ZA | 120 | 3.22 | ECN/raw + standard | 2015 | 4 methods | |
| 59 | 10 | 10 group | 2000 groupZA | 24 | 3.21 | ECN/raw + standard | 2012 | 4 methods · local | |
| 60 | 12 | 100 group | 500ZA | 120 | 3.02 | ECN/raw + standard | 2010 | 2 methods | |
| 61 | — | 50 group | 1000ZA | — | 2.99 | — | 2021 | 5 methods | |
| 62 | 20 | — | —stated, not verified | 120 | 2.48 | Standard | 2013 | 4 methods | |
| 63 | — | 10 group | 400ZA | 240 | — | — | 2011 | 6 methods | |
| 64 | — | 5 group | 1000ZA | — | — | — | — | 4 methods · local | |
| 65 | — | 10 group | 500ZA | — | — | ECN/raw | 2009 | 2 methods | |
| 66 | — | 50 | 1000ZA | — | — | — | 1998 | 5 methods | |
| 67 | — | 50 group | 1000 groupZA | — | — | — | 2007 | 5 methods · local | |
| 68 | 9 | 10 group | 1000 groupZA | — | — | Standard | — | 4 methods · local | |
| 69 | — | 50 group | 2000ZA | 120 | — | — | 2016 | 5 methods | |
| 70 | — | — | —stated, not verified | 120 | — | — | 2014 | 4 methods | |
| 71 | — | — | —stated, not verified | — | — | — | 2011 | 3 methods · local | |
| 72 | — | — | —stated, not verified | — | — | — | 2000 | 3 methods · local | |
| 73 | — | 25 | 1000ZA | 3 | — | — | 2011 | 3 methods · local |
Ten are shown; the button opens the rest.
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
IC Markets publishes a retail leverage of 1:500 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.
The ten above illustrate the term. Swap-free (Islamic) brokers in South Africa lists every broker that qualifies, with the figure each one publishes.
Identical for every row, so it is stated once: Who onboards Local · FSCA · Swap-free fee none, no limit · ZAR account Yes.
1. HFM — highest score of the three · locally licensed · withdrawal in 24 h (score 4.46)
- Round turn
- 6 USD
- Withdrawal
- same business day
- ZAR account
- ZAR trading accounts offered; also USD.
- Leverage
- 2000ZA
- Licence
- FSCA 46632
- Accepts residents
- yes
- Onboarding entity
- SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
- Founded
- 2010
- Register
- https://fxscouts.co.za · 09.07.2026
- Group leverage
- uncleargroup
- Instruments
- 1000+ CFDs: FX, metals, indices, shares, commodities, crypto.
- Platforms
- Funding
- Not served
- Reviews25%80
- Round-turn cost20%95
- Safety90
- Payouts15%
- Track record10%
- Platforms50
Round turn 6 USD against the slice median 7 USD. strongest axis round-turn cost 95 of 100. total score 4.46.
Watch forPayouts axis 58 of 100; e-wallet times not published.
2. ACY Securities — locally licensed · withdrawal in 24 h (score 4.37)
- Round turn
- 6 USD
- Withdrawal
- under 24 hours
- ZAR account
- USD, AUD, EUR, GBP, NZD, CAD, JPY; ZAR reported supported for SA clients (verify at signup).
- Leverage
- 500 groupZA
- Licence
- FSCA 51008
- Accepts residents
- through an offshore entity
- Onboarding entity
- ACY Securities SA (Pty) Ltd (formerly Ingot Brokers SA), a locally licensed entity.
- Founded
- 2011
- Register
- https://fsca.co.za · 09.07.2026
- Group leverage
- offshore
- Instruments
- FX, indices, commodities, shares CFDs, crypto CFDs.
- Platforms
- Funding
- Not served
Round turn 6 USD against the slice median 7 USD. strongest axis round-turn cost 95 of 100. total score 4.37.
Watch forMin deposit 200 USD, double the South Africa median of 50; withdrawal time not published.
3. FXGT — locally licensed · withdrawal in 24 h (score 4.36)
- Round turn
- 6 USD
- Withdrawal
- within 24 hours
- ZAR account
- USD, EUR, JPY and ZAR - South Africans can hold a ZAR account and avoid conversion.
- Leverage
- 5000ZA
- Licence
- 48896
- Accepts residents
- through an offshore entity
- Onboarding entity
- South African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
- Founded
- 2019
- Register
- https://fxgt.com · 09.07.2026
- Group leverage
- localgroup
- Instruments
- 50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs, 50+ US share CFDs, 10+ indices, metals and energy CFDs.
- Platforms
- Funding
- Not served
Round turn 6 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.36.
Watch forOnboards South African residents through an offshore entity: no FSCA licence, no FSCA complaints route, no ZAR account.
What the data shows(4 distributions · 104 brokers)
Swap-free availability (104 brokers)
Offered30Not offered14
Admin fee after the free period (73 of 104 swap-free)
Never16After 3–30 days9not published5
Who onboards South African residents (104 brokers)
Local FSCA entity20Offshore entity24
ZAR account (104 brokers)
Yes16No23not published5
Swap-free round turn, USD (66 of 104 priced · median 7)
7<5
455-10
810-15
515-20
120+
Retail leverage in South Africa (72 of 104 · 1 group excluded)
48<1000
151000-2000
42000-3000
43000-4000
14000+
Full list(73 of 104)
- 1CFI4.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Leverage
- 500ZA
- ZAR
- Yes
- 2FP Markets4.78
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6.5
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 3Capital.com4.6
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 20
- ZAR
- Yes
- 4AvaTrade4.55
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100
- Leverage
- 400ZA
- ZAR
- Yes
- 5HFM4.46
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Leverage
- 2000ZA
- ZAR
- Yes
- 6STARTRADER4.42
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 7ACY Securities4.37
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50 group
- Leverage
- 500 groupZA
- ZAR
- Yes
- 8FXGT4.36
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 10
- Leverage
- 5000ZA
- ZAR
- Yes
- 9Admirals4.36
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 25
- Leverage
- 500ZA
- ZAR
- Yes
- 10ThinkMarkets4.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50
- Leverage
- 500ZA
- ZAR
- Yes
- 11JustMarkets4.27
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Leverage
- 3000ZA
- ZAR
- Yes
- 12FXCM4.26
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 4
- Leverage
- 400ZA
- ZAR
- Yes
- 13Tickmill4.25
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 100
- Leverage
- 1000ZA
- ZAR
- Yes
- 14CMTrading4.24
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 300
- Leverage
- 200ZA
- ZAR
- Yes
- 15ATFX4.18
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 12
- Min deposit, USD
- 500 group
- Leverage
- 400ZA
- ZAR
- Yes
- 16Fusion Markets4.13
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4.5
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 17Moneta Markets4.12
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 18Land-FX4.1
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 3.35
- Min deposit, USD
- 10
- Leverage
- 2000ZA
- ZAR
- Yes
- 19IronFX4.07
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 20Forex.com4.06
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 50ZA
- ZAR
- Yes
- 21CAPEX4.02
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 14
- Min deposit, USD
- 100
- Leverage
- 300ZA
- ZAR
- Yes
- 22AMarkets4.01
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 3000ZA
- ZAR
- Yes
- 23FXGT.com4.01
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 5
- Leverage
- 1000ZA
- ZAR
- Yes
- 24Plus5004
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 750 ZAR
- Leverage
- 30ZA
- ZAR
- Yes
- 25Grand Capital4
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 10
- Leverage
- 500ZA
- ZAR
- Yes
- 26Trade Nation3.98
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 0 group
- Leverage
- 200ZA
- ZAR
- Yes
- 27Pepperstone3.97
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Leverage
- 400ZA
- ZAR
- Yes
- 28ActivTrades3.97
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 0 group
- Leverage
- 200ZA
- ZAR
- Yes
- 29Traders Trust3.96
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50
- Leverage
- 3000ZA
- ZAR
- Yes
- 30IC Markets3.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7.5
- Min deposit, USD
- 200
- Leverage
- 500ZA
- ZAR
- Yes
- 31BlackBull Markets3.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 32Global Prime3.91
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 0 group
- Leverage
- 500ZA
- ZAR
- Yes
- 33XTB3.83
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 34FxPro3.82
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 35Orbex3.82
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 36GO Markets3.8
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 200
- Leverage
- 500ZA
- ZAR
- Yes
- 37FXChoice3.8
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 38Headway3.77
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 1
- ZAR
- Yes
- 39Blueberry Markets3.75
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 40Dukascopy3.71
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 41Equiti3.7
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 500
- Leverage
- 500ZA
- ZAR
- Yes
- 42Amana Capital3.69
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50 group
- Leverage
- 100ZA
- ZAR
- Yes
- 43LiteFinance3.67
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 44FXOpen3.67
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 1.5
- Min deposit, USD
- 1 group
- Leverage
- 500ZA
- ZAR
- Yes
- 45Milton Prime3.61
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 300 group
- Leverage
- 500ZA
- ZAR
- Yes
- 46FXTM3.6
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 16
- Min deposit, USD
- 10
- Leverage
- 2000ZA
- ZAR
- Yes
- 47HYCM3.59
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 48ForexMart3.59
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Min deposit, USD
- 15
- Leverage
- 500ZA
- ZAR
- Yes
- 49Windsor Brokers3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 50Errante3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 51NAGA3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 11
- Min deposit, USD
- 250
- Leverage
- 1000ZA
- ZAR
- Yes
- 52Fullerton Markets3.52
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Leverage
- 500ZA
- ZAR
- Yes
- 53Swissquote3.5
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 16
- Min deposit, USD
- 1000
- Leverage
- 100ZA
- ZAR
- Yes
- 54Skilling3.43
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8.5
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 55MultiBank Group3.35
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 15
- Min deposit, USD
- 50 group
- Leverage
- 500ZA
- ZAR
- Yes
- 56TMGM3.3
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 57InstaForex3.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 1 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 58Eightcap3.22
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 59BDSwiss3.21
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Min deposit, USD
- 10 group
- Leverage
- 2000 groupZA
- ZAR
- Yes
- 60ADSS3.02
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 12
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 61T4Trade2.99
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 62Fortrade2.48
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 20
- ZAR
- Yes
How to read the ten below
- Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
- Check which company would onboard you.
The same brand can take a resident of South Africa through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
- Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 50.0 USD; a low deposit beside a wide spread takes the difference back on every trade.
Neighbouring slices(6 rankings · 5 explainers)
Same country
FAQ
- How many brokers qualify for this ranking in South Africa?
- 73 of 104 brokers measured for this country qualify.
- Which broker leads it, and on what basis?
- HFM leads it with a score of 4.46. The order is computed score, highest first; unscored brokers follow.
- What does a trade typically cost here?
- The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
- Why do some rows show a dash instead of a figure?
- Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
- Why are only ten brokers shown here?
- This page explains the term; the ten illustrate it. The full ranking lists 73 of 104 and is one click away.
How this slice is scored
Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology
Verified · What changed · Sources(73 of 104 broker records)
Verified01.10.2026
data re-captured 28.09.2026
Risk warning and affiliate disclosure
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.