Forex brokers › South Africa
Country guide · checked 2026-09-29
By Michael JimmyRegulator: Financial Sector Conduct Authority (FSCA)
6 of the 12 brokers we track hold a FSCA licence for South Africa: FP Markets, Tickmill, Vantage, AvaTrade, Exness, FXTM. A local licence means the regulator in South Africa supervises the company you deal with. Brokers are ordered by research score (licences checked 2026-09-29).
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Check your entity International clients may be onboarded by First Prudential Markets Limited (Seychelles FSA, SD130), which has weaker client protection than the licences above.
Check your entity International clients may be onboarded by Tickmill Ltd (Seychelles FSA, SD008), which has weaker client protection than the licences above.
8.0/10
Research score 70.98% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider.Check your entity International clients may be onboarded by VIG Group (FSC Mauritius, GB20026165), which has weaker client protection than the licences above.
Check your entity International clients may be onboarded by Ava Trade Markets Ltd (FSC British Virgin Islands, SIBA/L/13/1049), which has weaker client protection than the licences above.
Check your entity International clients may be onboarded by Exness (SC) Ltd (Seychelles FSA, SD025) or Exness (MU) Ltd (FSC Mauritius, GB20025294) or Exness (VG) Ltd (FSC British Virgin Islands, SIBA/L/20/1133) or Exness B.V. (Central Bank of Curacao and Sint Maarten, 0003LSI) or Forexite Ltd. (FSC Belize, 9110312), which has weaker client protection than the licences above.
Check your entity International clients may be onboarded by Exinity Limited (FSC Mauritius, C113012295), which has weaker client protection than the licences above.
9.0/10
Research score 79.6% of retail investor accounts lose money when trading CFDs with this providerCheck your entity International clients may be onboarded by Pepperstone Markets Limited (Securities Commission of The Bahamas, SIA-F217), which has weaker client protection than the licences above.
8.5/10
Research score 51% of retail investor accounts lose money when trading CFDs with this provider.7.5/10
Research score 76.6% of retail investor accounts lose money when trading CFDs with this providerCheck your entity International clients may be onboarded by OANDA Global Markets Ltd (FSC British Virgin Islands, SIBA/L/20/1130), which has weaker client protection than the licences above.
6.6/10
Research score 72.52% of retail investor accounts lose money when trading CFDs with IC Markets (EU) LtdCheck your entity International clients may be onboarded by Raw Trading Ltd (Seychelles FSA, SD018), which has weaker client protection than the licences above.
5.6/10
Research score 70% of retail client accounts lose money when trading CFDs, with this investment provider.Check your entity International clients may be onboarded by IG International Limited (Bermuda Monetary Authority), which has weaker client protection than the licences above.
Check your entity International clients may be onboarded by XM Global Limited (FSC Belize, 8557558), which has weaker client protection than the licences above.
6 of the 12 brokers we track hold a FSCA licence for South Africa: FP Markets, Tickmill, Vantage, AvaTrade, Exness, FXTM. A local licence means the regulator in South Africa supervises the company you deal with. Brokers are ordered by research score (licences checked 2026-09-29).
Search the broker's licence number or legal name on the Financial Sector Conduct Authority (FSCA) register. The company on the register must match the one named in your account agreement.
An offshore entity (for example in Seychelles, Belize or Mauritius) usually offers weaker client-money protection and no compensation scheme. You can still open an account, but you are relying on a less strict regulator.