South Africa Forex Brokers 2026 | Compare Ratings & Spreads | ForexRE South Africa Forex Brokers 2026 | Compare Ratings & Spreads | ForexRE
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South Africa Forex Brokers 2026

Expert reviews, ratings, and trading conditions for South Africa-regulated forex brokers. Filtered by composite score, tier, spread, and platform.

92
Total Brokers
2.61
Avg Rating
2
Verified
0
Top Tier
90
Caution
🏆
0
Globally Licensed (FCA/ASIC/CySEC+)
2
Offshore Brokers
⚠️
90
No Regulatory License — Do Not Deposit

South Africa Forex Brokers — Regulatory Guide 2026

2.61/10
Avg Editor Rating
92
Brokers Reviewed
6.6/10
Top Score — FXVIEW

South Africa hosts a diverse selection of forex brokers, subject to varying levels of regulatory oversight. We have reviewed 92 brokers in this jurisdiction with an average editor rating of 2.6/10.

Broker leverage in South Africa is shaped by both the local regulator's requirements and international agreements. Our data shows maximum available leverage of up to 1:500, with minimum deposit thresholds from $0.

Traders based in or targeting South Africa should verify that their chosen broker holds the appropriate local license alongside any international certifications. Our tiered comparison table (Globally Licensed → Offshore → Unlicensed) makes it easy to identify brokers with the strongest regulatory standing. FXVIEW currently ranks #1 among South Africa brokers in our 2026 composite score analysis.

💰Lowest Min Deposit — South Africa 2026
1 Midori FX $0
2 NRDX $1

Lowest minimum deposit among South Africa-licensed brokers in 2026.

Broker Rating Spread Key Metrics Platform
⚡ Offshore
★★★½☆ 7.1/10
Score: 6.6
5-10 years
N/A
No USDT
MT4 MT5
⚡ Offshore
★★★☆☆ 6.4/10
Score: 5.5
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.6/10
Score: 4.7
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.6/10
Score: 4.7
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.5/10
Score: 4.6
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.5/10
Score: 4.6
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.5/10
Score: 4.6
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.4/10
Score: 4.5
5-10 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★½☆☆ 5.0/10
Score: 4.4
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.3/10
Score: 3.9
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.3/10
Score: 3.9
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.3/10
Score: 3.8
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.2/10
Score: 3.8
2-5 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.2/10
Score: 3.8
2-5 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.2/10
Score: 3.8
2-5 years
N/A
No USDT
MT4
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.2/10
Score: 3.8
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
💰 $0
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
MT5
QT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
QT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
💰 $5 - $100
No USDT
QT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
MT5 cTrader
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
💰 R50
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.1/10
Score: 3.5
1-2 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.8/10
Score: 3.4
15-20 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.0/10
Score: 3.4
1-2 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.0/10
Score: 3.4
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.0/10
Score: 3.4
1-2 years
N/A
💰 $1
No USDT
⚠️ No Regulatory License
⚠️ Verify Before Funding
★★☆☆☆ 4.0/10
Score: 3.4
1-2 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★½☆☆☆ 3.9/10
Score: 3.3
1-2 years
N/A
💰 $5 to $100
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
★½☆☆☆ 3.9/10
Score: 3.3
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
★½☆☆☆ 3.9/10
Score: 3.3
1-2 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.7/10
Score: 2.4
5-10 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.6/10
Score: 2.3
5-10 years
N/A
No USDT
MT4
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.3/10
Score: 2.3
2-5 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.6/10
Score: 2.3
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.6/10
Score: 2.2
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.6/10
Score: 2.2
5-10 years
N/A
💰 $5
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.6/10
Score: 2.2
5-10 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.6/10
Score: 2.2
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
💰 $5 - $100
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
No USDT
MT4
RMB
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
No USDT
RMB
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
💰 5 RMB
No USDT
RMB
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 2.2
5-10 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.2/10
Score: 2.2
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.2/10
Score: 2.2
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.2/10
Score: 2.2
2-5 years
N/A
No USDT
MT4
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.2/10
Score: 2.2
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.2/10
Score: 2.1
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.1/10
Score: 2.1
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.1/10
Score: 2.1
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.1/10
Score: 2.1
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.1/10
Score: 2.0
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
★☆☆☆☆ 2.0/10
Score: 2.0
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.8/10
Score: 1.8
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 2.0/10
Score: 1.8
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 2.0/10
Score: 1.8
1-2 years
N/A
💰 $50
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 2.0/10
Score: 1.8
1-2 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.6/10
Score: 1.7
2-5 years
N/A
No USDT
MT5 cTrader
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 1.6
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 1.6
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.5/10
Score: 1.6
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.4/10
Score: 1.5
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.4/10
Score: 1.5
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.4/10
Score: 1.5
2-5 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.4/10
Score: 1.5
2-5 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.4/10
Score: 1.5
2-5 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.4/10
Score: 1.5
2-5 years
N/A
No USDT
MT4
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.4/10
Score: 1.5
2-5 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.5
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.5
2-5 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.4
2-5 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
No USDT
MT4
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
💰 $5
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
💰 $1
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
No USDT
MT4 MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
💰 €10
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.3/10
Score: 1.2
1-2 years
N/A
No USDT
MT5
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.2/10
Score: 1.2
1-2 years
N/A
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.2/10
Score: 1.2
1-2 years
N/A
💰 $5
No USDT
⚠️ No Regulatory License
⚠️ No Regulatory License
½☆☆☆☆ 1.2/10
Score: 1.2
1-2 years
N/A
No USDT
MT5

Recommended South Africa Brokers

🏆 Top Rated 2026

South Africa Forex FAQ

2026 Technical Q&A

Yes, FXVIEW is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Client funds are protected through measures such as segregated accounts, which keep client funds separate from the broker's operational capital, and negative balance protection, ensuring that clients cannot lose more than their investment.

FXVIEW offers a diverse range of trading instruments including over 70 forex pairs (major, minor, and exotic), commodities like gold and oil, major global indices, over 300 international stocks, and various cryptocurrencies. This variety caters to different trading strategies and preferences.

To open an account with FXVIEW, prospective traders must provide personal information such as name, address, and contact details, along with employment and financial information. After this, identity verification is required by submitting a government-issued ID and proof of address. Once verified, clients can start trading and have the option to upgrade to a professional account later.

FXVIEW offers multiple customer support channels including email, live chat for real-time assistance, telephone support, and a presence on various social media platforms. Their support is available 24 hours a day, five days a week, and is multilingual to cater to a diverse clientele.

Naqdi Group (PTY) LTD employs several security measures to protect client funds, including holding client funds in segregated accounts. This ensures that trader investments are safeguarded from company operational risks. Additionally, Naqdi is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Securities and Commodities Authority (SCA) in the UAE, which indicates adherence to strict compliance standards for a safe trading environment.

Naqdi offers competitive trading conditions with a range of account types to suit various traders. For instance, the Standard Account has zero commission and no minimum deposit, while the Premier Account offers zero commission with spreads as low as 0.9 pips. Experienced traders can benefit from the Elite Account, which provides spreads as low as 0.0 pips with a commission of $2.5 per lot. These features are designed to enhance the trading experience for both novice and experienced traders.

Naqdi provides multiple channels for customer support, including email, live chat, and telephone. Customers can reach out via email for detailed assistance, use the live chat feature for real-time help, or call dedicated phone lines for immediate support. Additionally, Naqdi's customer support operates 24 hours a day, five days a week, and offers multilingual assistance to cater to a diverse clientele.

If you experience issues when withdrawing your funds, it is recommended to first check the withdrawal section in your account dashboard for any status updates. If the issue persists, you should contact Naqdi's customer support through email or live chat for assistance. They will help you address the matter and provide guidance on the next steps to resolve the withdrawal issue.