What leverage means, and where the cap comes from
Leverage lets a position be larger than the money behind it: at 1:30, ZAR1,000 of your own holds a ZAR30,000 position. It multiplies the result in both directions, and the loss is the half people discover second.
The number a broker advertises belongs to the ENTITY that onboards you, not to the brand. The same name can offer 1:30 through a locally licensed company and 1:500 through an offshore one, and which you get depends on where you live - so the broker pages here name the entity beside the figure.
The ten below publish the highest retail leverage available to residents of South Africa. A high cap is a fact about the entity, not a recommendation.
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 (72 of 104 counts · 104 brokers onboarding South African residents)
72of 104
qualify for this ranking
69% of 104
34of 72
scored on all six axes
47% of 72
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)
What leverage means, and where the cap comes from (72 of 104)
OrderBy slice score, formula v1.0.
Shown72 of 104 brokers in this ranking · all 72
| # | 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 | 9 | 100 | 400ZA | — | 4.55 | Standard | 2006 | 5 methods · local | |
| 4 | 6 | — | 2000ZA | 24 | 4.46 | ECN/raw + standard | 2010 | 3 methods · local | |
| 5 | 4 | 50 | 1000ZA | 24 | 4.42 | ECN/raw + standard | 2019 | 4 methods | |
| 6 | 6 | 10 | 5000ZA | 24 | 4.36 | ECN/raw + standard | 2019 | 6 methods · local | |
| 7 | 6 | 25 | 500ZA | 24 | 4.36 | ECN/raw + standard | 2001 | 4 methods · local | |
| 8 | 7 | 50 | 500ZA | 4 | 4.28 | ECN/raw + standard | 2010 | 5 methods · local | |
| 9 | 7.5 | 4000 ZAR | 30ZA | 72 | 4.28 | Standard | 1974 | 2 methods · local | |
| 10 | 3 | — | 3000ZA | — | 4.27 | ECN/raw + standard | — | 3 methods · local | |
| 11 | 7 | 4 | 400ZA | 72 | 4.26 | ECN/raw + standard | 1999 | 2 methods · local | |
| 12 | 6 | 100 | 1000ZA | — | 4.25 | ECN/raw | 2014 | 4 methods · local | |
| 13 | 8.5 | 20 | 200ZA | 24 | 4.24 | Standard | 2011 | 4 methods | |
| 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 | 4 | 500 ZAR | 400ZA | 72 | 3.96 | ECN/raw + standard | 2013 | 1 methods · local | |
| 31 | 7.5 | 200 | 500ZA | 24 | 3.92 | ECN/raw + standard | 2007 | 9 methods · local | |
| 32 | 6 | 0 | 500ZA | 72 | 3.92 | ECN/raw + standard | 2014 | 6 methods · local | |
| 33 | 9 | 100 | 1000ZA | 120 | 3.92 | Standard | 2014 | 4 methods · local | |
| 34 | 7 | 0 group | 500ZA | 2 | 3.91 | ECN/raw + standard | 2010 | 6 methods | |
| 35 | 5 | 0 | 500ZA | 72 | 3.83 | Standard | 2002 | 2 methods | |
| 36 | 7 | 100 | 200ZA | — | 3.82 | ECN/raw + standard | 2006 | 3 methods · local | |
| 37 | 8 | 100 | 500ZA | 24 | 3.82 | ECN/raw + standard | 2010 | 5 methods | |
| 38 | 6 | 200 | 500ZA | 48 | 3.8 | ECN/raw + standard | 2006 | 4 methods | |
| 39 | 7 | 100 | 200ZA | 24 | 3.8 | ECN/raw + standard | 2010 | 3 methods | |
| 40 | 7 | 100 group | 500ZA | 48 | 3.75 | ECN/raw + standard | 2016 | 7 methods | |
| 41 | 5.5 | 30 | 3000ZA | — | 3.73 | Standard | 1998 | 5 methods | |
| 42 | 8 | 100 | 200ZA | — | 3.71 | ECN/raw + standard | 2004 | 3 methods | |
| 43 | 8 | 500 | 500ZA | — | 3.7 | ECN/raw + standard | 2003 | 3 methods | |
| 44 | 7 | 50 group | 100ZA | 48 | 3.69 | ECN/raw + standard | 2010 | 2 methods | |
| 45 | 18 | 50 | 1000ZA | 24 | 3.67 | Standard | 2005 | 3 methods | |
| 46 | 1.5 | 1 group | 500ZA | 24 | 3.67 | ECN/raw | 2005 | 6 methods | |
| 47 | — | 300 group | 500ZA | 1 | 3.61 | — | 2015 | 4 methods · local | |
| 48 | 16 | 10 | 2000ZA | 24 | 3.6 | Standard | 2011 | 5 methods · local | |
| 49 | 5 | 100 group | 500ZA | — | 3.59 | ECN/raw | 1998 | 5 methods | |
| 50 | 10 | 15 | 500ZA | 7 | 3.59 | Standard | 2015 | 6 methods · local | |
| 51 | 8 | 50 group | 1000ZA | 24 | 3.58 | ECN/raw + standard | 1988 | 3 methods | |
| 52 | — | 50 group | 1000ZA | 24 | 3.58 | ECN/raw + standard | 2019 | 5 methods | |
| 53 | 11 | 250 | 1000ZA | 24 | 3.58 | Standard | 2015 | 4 methods · local | |
| 54 | — | — | 30ZA | 120 | 3.53 | — | 2023 | 3 methods · local | |
| 55 | 7 | — | 500ZA | — | 3.52 | ECN/raw + standard | 2015 | 2 methods | |
| 56 | 16 | 1000 | 100ZA | 24 | 3.5 | ECN/raw + standard | 1996 | 2 methods | |
| 57 | 8.5 | 100 | 500ZA | — | 3.43 | ECN/raw + standard | 2016 | 6 methods | |
| 58 | 15 | 50 group | 500ZA | — | 3.35 | Standard | 2005 | 5 methods | |
| 59 | 7 | 100 group | 1000ZA | 96 | 3.3 | ECN/raw + standard | 2013 | 6 methods | |
| 60 | — | 1 group | 1000ZA | 7 | 3.28 | — | 2007 | 3 methods | |
| 61 | 7 | 100 group | 500ZA | 120 | 3.22 | ECN/raw + standard | 2015 | 4 methods | |
| 62 | 12 | 100 group | 500ZA | 120 | 3.02 | ECN/raw + standard | 2010 | 2 methods | |
| 63 | — | 50 group | 1000ZA | — | 2.99 | — | 2021 | 5 methods | |
| 64 | — | 50 group | 30ZA | 120 | 2.92 | — | 2007 | 5 methods | |
| 65 | — | 10 group | 400ZA | 240 | — | — | 2011 | 6 methods | |
| 66 | — | 5 group | 1000ZA | — | — | — | — | 4 methods · local | |
| 67 | — | 10 group | 500ZA | — | — | ECN/raw | 2009 | 2 methods | |
| 68 | — | 50 | 1000ZA | — | — | — | 1998 | 5 methods | |
| 69 | — | 100 | 300ZA | 168 | — | — | 2008 | 5 methods · local | |
| 70 | — | 50 group | 2000ZA | 120 | — | — | 2016 | 5 methods | |
| 71 | — | 0 | 25ZA | — | — | — | 1998 | 2 methods · local | |
| 72 | — | 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. Highest-leverage 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. 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
- FSCA 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
- local
- 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 forMin deposit 200 USD, double the South Africa median of 50; withdrawal time not published.
3. Admirals — locally licensed · withdrawal in 24 h (score 4.36)
- Round turn
- 6 USD
- Withdrawal
- same business day
- ZAR account
- ZAR available, plus USD, EUR, GBP.
- Leverage
- 500ZA
- Licence
- 51311
- Accepts residents
- yes
- Onboarding entity
- South African clients served by locally licensed Admirals SA (Pty) Ltd.
- Founded
- 2001
- Register
- https://admirals.group · 09.07.2026
- Group leverage
- localgroup
- Instruments
- FX, indices, commodities, stocks, ETFs, bonds, crypto 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 (72 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(72 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
- 3AvaTrade4.55
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100
- Leverage
- 400ZA
- ZAR
- Yes
- 4HFM4.46
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Leverage
- 2000ZA
- ZAR
- Yes
- 5STARTRADER4.42
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 6FXGT4.36
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 10
- Leverage
- 5000ZA
- ZAR
- Yes
- 7Admirals4.36
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 25
- Leverage
- 500ZA
- ZAR
- Yes
- 8ThinkMarkets4.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50
- Leverage
- 500ZA
- ZAR
- Yes
- 9IG Markets SA4.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7.5
- Min deposit, USD
- 4000 ZAR
- Leverage
- 30ZA
- ZAR
- Yes
- 10JustMarkets4.27
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Leverage
- 3000ZA
- ZAR
- Yes
- 11FXCM4.26
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 4
- Leverage
- 400ZA
- ZAR
- Yes
- 12Tickmill4.25
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 100
- Leverage
- 1000ZA
- ZAR
- Yes
- 13Mitrade4.24
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8.5
- Min deposit, USD
- 20
- Leverage
- 200ZA
- 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
- 30Khwezi Trade3.96
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 500 ZAR
- Leverage
- 400ZA
- ZAR
- Yes
- 31IC Markets3.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7.5
- Min deposit, USD
- 200
- Leverage
- 500ZA
- ZAR
- Yes
- 32BlackBull Markets3.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 33Scope Markets SA3.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100
- Leverage
- 1000ZA
- ZAR
- Yes
- 34Global Prime3.91
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 0 group
- Leverage
- 500ZA
- ZAR
- Yes
- 35XTB3.83
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 36FxPro3.82
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 37Orbex3.82
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 38GO Markets3.8
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 200
- Leverage
- 500ZA
- ZAR
- Yes
- 39FXChoice3.8
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 40Blueberry Markets3.75
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 41Alpari3.73
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5.5
- Min deposit, USD
- 30
- Leverage
- 3000ZA
- ZAR
- Yes
- 42Dukascopy3.71
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 43Equiti3.7
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 500
- Leverage
- 500ZA
- ZAR
- Yes
- 44Amana Capital3.69
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50 group
- Leverage
- 100ZA
- ZAR
- Yes
- 45LiteFinance3.67
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 46FXOpen3.67
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 1.5
- Min deposit, USD
- 1 group
- Leverage
- 500ZA
- ZAR
- Yes
- 47Milton Prime3.61
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 300 group
- Leverage
- 500ZA
- ZAR
- Yes
- 48FXTM3.6
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 16
- Min deposit, USD
- 10
- Leverage
- 2000ZA
- ZAR
- Yes
- 49HYCM3.59
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 50ForexMart3.59
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Min deposit, USD
- 15
- Leverage
- 500ZA
- ZAR
- Yes
- 51Windsor Brokers3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 52Errante3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 53NAGA3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 11
- Min deposit, USD
- 250
- Leverage
- 1000ZA
- ZAR
- Yes
- 54Tradu3.53
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Leverage
- 30ZA
- ZAR
- Yes
- 55Fullerton Markets3.52
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Leverage
- 500ZA
- ZAR
- Yes
- 56Swissquote3.5
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 16
- Min deposit, USD
- 1000
- Leverage
- 100ZA
- ZAR
- Yes
- 57Skilling3.43
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8.5
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 58MultiBank Group3.35
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 15
- Min deposit, USD
- 50 group
- Leverage
- 500ZA
- ZAR
- Yes
- 59TMGM3.3
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 60InstaForex3.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 1 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 61Eightcap3.22
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 62ADSS3.02
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 12
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 63T4Trade2.99
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 64eToro2.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 50 group
- Leverage
- 30ZA
- 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?
- 72 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 72 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(72 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.