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BEST BROKERS SOUTH AFRICA 2021

Compare South African brokers for online trading 

We Compare Brokers provides in-depth reviews of brokers for South Africa.  Use our broker comparison tool, reviews, and extensive testing data to find the right broker for you..

^ Brokers By Region ^

 

ONLY TRADE WITH THE BEST

COMPARE AND CHOOSE YOUR BROKER

  • Top Brokers
  • South African Brokers
  • Stocks
  • Currency
  • Digital
  • Social trading
  • Spread betting
1
Saxo Markets

What we like:

    • Extensive product range
    • Research and analysis tools
    • Quality trading platform
    • Competitive spreads
    • Regulatory framework
    Rating 4.6
    2
    eToro

    What we like:

      • Easy to use web interface
      • Innovative social trading feature
      • Competitive fee structure
      • Ease of onboarding
      • Ability to trade ETF’s
      Rating 4.4
      3
      Fidelity

      What we like:

        • Stocks, Bonds, Mutual Funds & ETF’s
        • High quality 24/7 Customer Service
        • Commission free trading in some markets
        • Research and Learning tools
        • User friendly trade execution
        Rating 4.7
        1
        OctaFX

        What we like:

          • Knowledgeable and responsive customer support
          • Tight spreads
          • Low deposit requirements
          • Good sign up bonus and other promotions
          Rating 4.5
          2
          AvaTrade

          What we like:

            • Fully regulated, award winning and safe to use
            • Powerful yet easy to use site and trading platforms
            • Superb auto-trading options
            • Great selection of trader bonuses
            • A ‘Market Maker’ category of broker
            Rating 4
            3
            ForexTime (FXTM)

            What we like:

              • Multiple trade execution methods depending on the account type
              • Cryptocurrency CFDs available to users
              • Use of FXTM Invest for auto trading options
              • Competitive spreads
              • Innovative reward scheme
              Rating 4.5
              1
              ForexTime (FXTM)

              What we like:

                • Multiple trade execution methods depending on the account type
                • Cryptocurrency CFDs available to users
                • Use of FXTM Invest for auto trading options
                • Competitive spreads
                • Innovative reward scheme
                Rating 4.5
                2
                OctaFX

                What we like:

                  • Knowledgeable and responsive customer support
                  • Tight spreads
                  • Low deposit requirements
                  • Good sign up bonus and other promotions
                  Rating 4.5
                  3
                  AvaTrade

                  What we like:

                    • Fully regulated, award winning and safe to use
                    • Powerful yet easy to use site and trading platforms
                    • Superb auto-trading options
                    • Great selection of trader bonuses
                    • A ‘Market Maker’ category of broker
                    Rating 4
                    1
                    eToro

                    What we like:

                      • Easy to use web interface
                      • Innovative social trading feature
                      • Competitive fee structure
                      • Ease of onboarding
                      • Ability to trade ETF’s
                      Rating 4.4
                      2
                      Plus500

                      What we like:

                        • User-friendly platform
                        • Tight trading spreads
                        • Good choice of crypto CFDs
                        • Advanced Risk Management Tools
                        • Regulatory framework
                        • 24/7 help-desk support
                        • CFDs on over 2000 instruments
                        Rating 3.8
                        3
                        Markets.com

                        What we like:

                          • There are more than 2,000 tradable instruments
                          • Good fee structure for trading CFDs
                          • Minimum deposit of £100
                          • The Bitcoin CFD trading
                          • Improved Web Trader platform
                          • Above average number of indicators on Web Trader
                          Rating 3.7
                          1
                          ForexTime (FXTM)

                          What we like:

                            • Multiple trade execution methods depending on the account type
                            • Cryptocurrency CFDs available to users
                            • Use of FXTM Invest for auto trading options
                            • Competitive spreads
                            • Innovative reward scheme
                            Rating 4.5
                            2
                            OctaFX

                            What we like:

                              • Knowledgeable and responsive customer support
                              • Tight spreads
                              • Low deposit requirements
                              • Good sign up bonus and other promotions
                              Rating 4.5
                              3
                              eToro

                              What we like:

                                • Easy to use web interface
                                • Innovative social trading feature
                                • Competitive fee structure
                                • Ease of onboarding
                                • Ability to trade ETF’s
                                Rating 4.4
                                1
                                eToro

                                What we like:

                                  • Easy to use web interface
                                  • Innovative social trading feature
                                  • Competitive fee structure
                                  • Ease of onboarding
                                  • Ability to trade ETF’s
                                  Rating 4.4
                                  2
                                  ForexTime (FXTM)

                                  What we like:

                                    • Multiple trade execution methods depending on the account type
                                    • Cryptocurrency CFDs available to users
                                    • Use of FXTM Invest for auto trading options
                                    • Competitive spreads
                                    • Innovative reward scheme
                                    Rating 4.5
                                    3
                                    AvaTrade

                                    What we like:

                                      • Fully regulated, award winning and safe to use
                                      • Powerful yet easy to use site and trading platforms
                                      • Superb auto-trading options
                                      • Great selection of trader bonuses
                                      • A ‘Market Maker’ category of broker
                                      Rating 4
                                      1
                                      City Index

                                      What we like:

                                        • Robust regulatory structure
                                        • Wide range of instruments and markets to trade
                                        • High quality research tools
                                        • Recently released web based platform
                                        Rating 4.4
                                        2
                                        OctaFX

                                        What we like:

                                          • Knowledgeable and responsive customer support
                                          • Tight spreads
                                          • Low deposit requirements
                                          • Good sign up bonus and other promotions
                                          Rating 4.5
                                          3
                                          ETX

                                          What we like:

                                            • Competitive and transparent pricing
                                            • Regulatory status
                                            • User friendly trading platform
                                            • £0.10p Minimum size on BTC
                                            Rating 3.8

                                            Our Top 3 Brokers For Trading

                                            1
                                            AvaTrade

                                            Min. Deposit

                                            $100

                                            Platforms

                                            MT4 & proprietary system

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            Seasonal deposit bonuses

                                            2
                                            IQ Option

                                            Min. Deposit

                                            $10

                                            Platforms

                                            Proprietary platform

                                            Typical Leverage

                                            1:5

                                            Bonus Feature

                                            No Bonus

                                            3
                                            XTB

                                            Min. Deposit

                                            Platforms

                                            Typical Leverage

                                            Bonus Feature

                                            Our Top 3 Brokers For Trading Currency

                                            1
                                            XTB

                                            Min. Deposit

                                            £100

                                            Platforms

                                            xStation 5 & MT4

                                            Typical Leverage

                                            1:20

                                            Bonus Feature

                                            £25, €30 or $40 no deposit bonus

                                            2
                                            XM

                                            Min. Deposit

                                            £100

                                            Platforms

                                            Proprietary platform

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            No Bonus

                                            3
                                            IQ Option

                                            Min. Deposit

                                            £1

                                            Platforms

                                            Proprietary platform

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            No Bonus

                                            Our Top 3 BrokersSouth African

                                            1
                                            OctaFX

                                            Min. Deposit

                                            $5

                                            Platforms

                                            MT4 & MT5

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            Up to 100% deposit bonus

                                            2
                                            AvaTrade

                                            Min. Deposit

                                            $100

                                            Platforms

                                            MT4 & proprietary system

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            Seasonal deposit bonuses

                                            3
                                            Plus500

                                            Min. Deposit

                                            £100

                                            Platforms

                                            Proprietary

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            Offers deposit bonus based on trader points

                                            Our Top 3 Brokers

                                            1
                                            AvaTrade

                                            Min. Deposit

                                            $100

                                            Platforms

                                            MT4 & proprietary system

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            Seasonal deposit bonuses

                                            2
                                            IQ Option

                                            Min. Deposit

                                            $10

                                            Platforms

                                            Proprietary platform

                                            Typical Leverage

                                            1:2

                                            Bonus Feature

                                            No Bonus

                                            3
                                            Plus500

                                            Min. Deposit

                                            £100

                                            Platforms

                                            Proprietary

                                            Typical Leverage

                                            1:30

                                            Bonus Feature

                                            Offers deposit bonus based on trader points

                                            Our Top 3 Brokers Customer Service

                                            1
                                            XM

                                            Min. Deposit

                                            Platforms

                                            Typical Leverage

                                            Bonus Feature

                                            2
                                            IQ Option

                                            Min. Deposit

                                            Platforms

                                            Typical Leverage

                                            Bonus Feature

                                            3
                                            AvaTrade

                                            Min. Deposit

                                            $100

                                            Platforms

                                            MT4 & proprietary system

                                            Typical Leverage

                                            1:20

                                            Bonus Feature

                                            Seasonal deposit bonuses

                                            The Word On The Street

                                            “Saved me loads of of time not having to test a platforms myself”

                                            – José Luis Perez

                                            “The feature to search by product type and country is useful”

                                            – Antonio Gonzalez

                                            “Its great to talk with other traders, for me this feature was the best thing and I have made some good connections”

                                            – Jesús Henandez

                                            “Super quick site, reviews seem pretty accurate based on my experience”

                                            – Verónica Alejo

                                            “Helpful and super good broker info – cheers guys!”

                                            – Maria Aguas