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7 Best Forex Brokers in South Africa

Published on 8 February 2021



AvaTrade is a broker headquartered in Ireland and founded in 2006. It is regulated by MiFID, FSA, ASIC, FFAJ, FSCA, ADGM and FRSA.

Although Avatrade offers a limited choice of account types, all accounts offer a market-maker / dealing desk execution type and access to the MetaTrader 4, MetaTrader 5, a proprietary and Web-based platform. A maximum leverage of 1:400 can be used for trading Forex, CFDs, Commodities, Metals, Oil, Gold and Indices.




Exness was founded in 2008 and offers MT4 and MT5 and a WebTerminal as trading platforms, with more than 130 currency pairs, metals, cryptocurrencies, energies and Indices available to trade.

The broker is registered and authorised in Seychelles by the Financial Services Authority (FSA), in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) and by the Financial Conduct Authority (FCA) in the United Kingdom.

You might like: See the best forex brokers in South Africa, compared side by side for 2021.

CM Trading


CM TRADING is a well-regarded broker based in Johannesburg, South Africa, often seen as the largest in Africa and operates in a highly regulated financial environment.

CM TRADING provides MetaTrader 4 and Sirix WebTrader as trading platforms and guarantees utmost liquidity for traders’ safe trading in Forex, Index and Commodities, including Cryptocurrencies.

CM TRADING offers competitive spreads and is a good choice for new traders due to their substantial educational material and the CopyKat copy-trading system. 

The broker allows a maximum leverage of 200:1.


Kwezi Trade


Khwezi Trade is a respected South African brokerage operated by Khwezi Financial Services and headquartered in Cape Town, South Africa. It was founded in 2013 and is regulated by the Financial Intelligence Centre Act (FICA), and the FSCA.

Khwezi Trade operates as an STP broker, providing excellent trading conditions, dedicated customer support and several free deposit and withdrawal options. Customer funds are fully segregated with a reputable local bank, Standard Bank, and in ZAR currencies. 

The company provides the MetaTrader4 trading platform and follows strict guidelines regarding leverage ratios.


Blackstone Futures


BlackStone Futures was founded in 2009 and is an established FSCA-regulated CFD and Forex broker based in Johannesburg. It offers ZAR and USD accounts on MT4 and the proprietary CloudTrade platforms.

STP execution ensures no conflict of interest. 

Spreads are tight and leverage is kept sensibly low. 


JP Markets


JP Markets is a South African forex broker company established by a local entrepreneur, based in Johannesburg and in operation since 2016.

JP Markets provides trading opportunities with innovative benefits in trading Forex, metals and other instruments on an STP basis. JP Markets has branches in the South African cities of Johannesburg, Polokwane, Bloemfontein, Cape Town and Pretoria, as well as internationally in Swaziland, Kenya, Pakistan and Bangladesh.

JP Markets has accumulated several awards during its years of service to traders, offers two account types, an STP standard account and an ECN account, and offers PAMM services as well.

JP Markets allows trading up to 30 forex pairs, other CFDs, gold, stock indices and oil. was created in 2008 and is part of the TradeTech Group, a constituent of Playtech, a FTSE 250 listed company. 

The broker has its head offices in Nicosia, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and by the South African Financial Sector Conduct Authority (FSCA).

The broker offers Marketsx, as a fast, reliable trading platform, a mobile platform and automated trades with MT4 and MT5 platforms. Traders have access to Indexes (42), Bonds (4), Blends (23), commodities (26), Currencies (67), ETFs (59) and Cryptos (6) as trading instruments.

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