View Markets. FxPro is regulated in South Africa by the local regulators FSCA Financial Sector Conduct Authority with authorisation number They also have regulation with the FCA UK , MENA Dubai and CSEC Cyprus. The company overall has a strong reputation founded in Award-winning FX broker FxPro has a leading presence in the FX industry, and its financial services are accessible to South African residents.

SA traders can open a retail forex account in the local currency Rand. Clients of FxPro can open a Forex trading account in a wide range of foreign currencies including:. The multi-currency deposit solution makes it easy for you to manage your money across different currencies and meet your personal trading needs. The required minimum deposit for the FxPro ZAR forex account is Rand 7, As the table below highlights, MetaTrader 4 MT4 and MetaTrader 5 MT5 both have no commissions.

cTrader does have a commission on forex and metals but also has lower spreads. MT4 also has the option of fixed spreads, which is ideal for beginner forex traders who want to keep an understanding of their brokerage costs. Leverage is critical when forex trading or other CFD trading such as commodities to cryptocurrencies. As shown on the right, currency trading leverage is up to A positive of FxPro as outlined in their disclosure and disclaimer policies, they offer negative balance protection.

With the minimum deposit of 7, ZAR, traders should only have a balance active with FxPro that they are willing to lose. This sets a limit on the amount a trader is willing to gain or lose on an individual trade. On top of forex trading, FxPro offers CFD trading across over 25o instruments from futures, shares, indices, energies to metals.

FxPro was awarded the best forex broker based on its regulation both in South Africa and other respective regulatory authorities , their choice between the three best forex trading platforms, the low spreads and commissions, choice of instruments to trade and leverage of up to Plus is a highly rated South African CFD provider with headquarters in Israel, but having an international presence in more than 50 countries, including South Africa.

Plus is a highly regulated forex broker being licensed by major global regulatory bodies, including FCA Financial Conduct Authority , ASIC, and CySEC. Last but not least, Plus is also authorised and regulated by the domestic regulatory agency Financial Sector Conduct Authority FSCA.

The global supervisory bodies, including the Financial Sector Conduct Authority FSCA , guarantee a safe and secure environment for your funds. Plus only offers a limited number of account types for South African residents, namely the retail trading account. The Plus trading account can be funded using a wide range of deposit methods including:. Plus offers accounts in the ZAR currency for South African traders. Our team of industry experts selected Plus because of two advantages that make this CFD provider stand out from its competitors:.

The demo account offered by Plus is the perfect place to start trading forex and CFDs instruments. If you want to benefit from the full range of financial services offered by CFD provider Plus, make sure you open a demo account by clicking the link below.

Our review team granted award-winning Forex and CFD broker HotForex the prize of the best forex broker offering ZAR accounts. SA forex traders can open a HotForex account denominated in the domestic currency Rand.

The ZAR accounts are available across all 6 different account types offered by HotForex. HotForex is a highly regulated forex broker being licensed by major global regulatory bodies, including FCA, CySEC and the local Financial Security Conduct Authority FSCA. The robust regulation guarantees client funds protection and a secure and transparent trading environment for SA traders. You have the full flexibility to choose between multitudes of account types to suit your needs in terms of the trading strategy used and your minimum deposit.

Additionally, HotForex is also tailored for Muslim traders by offering an Islamic trading account. Additionally, HotForex offers convenient and fast withdrawal methods, providing you with first-class trading services. They have local offices at West Street Sandton, Johannesburg. Extra protective measures include segregated trading accounts, which can give you the peace of mind you need to succeed trading forex. You can start trading with the South African Broker Khwezi Trade, the only locally based name that made it through our South Africa Brokers with ZAR accounts list.

Our team of industry experts compared multiple local names, but the Khwezi Trade ZAR trading account stood out mainly due to its award-winning customer service and the fact that your funds are held in segregated bank accounts with one of the top 10 African banks with tier a 1 capital. Trading through a local broker has the advantage of having easy and fast access to your funds, which is an extra advantage besides the security that FSCA regulated brokers give.

Additionally, bank wire transfers are much cheaper and faster. Khwezi Trade minimum deposit ranges from Rand 2, up to Rand 50, depending on the account type you opt for. Khwezi Trade offers four account types that are outlined below, including their main features:. Hedging and scalping are available through all four ZAR account types. However, the trading conditions differ depending on your ZAR account type.

The new deposit bonus from Khwezi Trade is a stimulating opportunity to start forex trading. To be eligible for the deposit bonus program, you only need to make a minimum deposit of Rand 1, FSCA regulated forex brokers have an extra layer of trustworthiness because you can have access to independent dispute resolution systems to solve any conflict between SA traders and the FX broker.

You can trade forex on an Electronic Communication Network ECN environment with SuperForex a reputable and well-regulated trading firm. At Compare Forex Brokers we examined the top forex brokers with ZAR accounts, and SuperForex is exclusive in offering ECN ZAR account type.

SuperForex is regulated and governed by the International Financial Services Commission IFSC which ensures the safety of your funds and a secure trading environment. You have the option to choose from a diversity of account types to match your trading style and forex capital size. In total, there are 8 different ZAR trading account types, which are highlighted below:. SuperForex has a competitive advantage in the foreign exchange market, providing beginner forex traders and professional traders with innovative online financial services.

The top 3 SuperForex strengths are outlined below:. The list of available deposit and withdrawal methods includes over 24 payment methods. You can deposit South African Rand using your preferred payment method with zero transaction fees.

SuperForex Deposit Protection Program enables SA traders to have insurance cover of their funds if they experience a loss. SuperForex offers the highest deposit bonuses in the Forex industry, including 6 different types of bonuses that accommodate both beginner traders and professional traders. SuperForex stands out with its wide range of flexible ZAR ECN trading accounts. The forex accounts denominated in the local currency Rand can enjoy maximum leverage of The spreads are as low as 0.

SuperForex offers access to Tier-1 forex liquidity providers, including BNP Paribas, Natixis, CitiBank, and UBS. Risk Warning: Trading Forex and CFDs on margin carries a high level of risk, and may not be suitable for all types of investors.

For a complete review guide of the top South Africa forex brokers and their main features please visit South Africa Forex Trading Brokers. FXCM is best for the selection of professional trading platforms, which have features designed to accommodate both beginner traders and more sophisticated traders. Out of all the forex brokers with ZAR accounts, FXCM is the top choice for SA traders who want to enjoy:. Additionally, FXCM South Africa PTY LTD with an office in Johannesburg is licensed by the Financial Sector Conduct Authority FSCA with FSP No , which allows it to provide online trading service to South African residents.

FXCM has a good selection of tradable instruments, including:. The in-house trading platform, Trading Station is a powerful piece of software that combines multiple custom indicators, robust charting package, customised time frames, price overlays, price alert, and backtesting and strategy optimization capabilities.

Their powerful platform stands out for its exclusive Real Volume indicator and the Speculative Sentiment Index SSI. This platform has an advantage when it comes to supplying advanced analytics, hundreds of technical indicators, load multiple timeframes at once, advanced trade management system, point-and-click strategy builder, customizable workspace, lightning-quick order execution with multiple order types and so much more.

All FXCM trading platforms are fairly accessible through multiple devices including PC Windows, Mac and Linux and from any browser. Overall, FXCM offers an excellent selection of trading platforms, which makes it the best choice for technical traders.

XM is best for their research and learning centre. Founded in and headquartered in Cyprus, XM is a brand name of Trading Point Holding, a company serving over 3. XM offers competitive pricing on over 1, financial instruments, 16 trading platforms, 3 account types that support ZAR as the base currency, and multiple deposit and withdrawal methods.

XM has a great all-around offering in terms of educational resources. The educational FX course can help you how to start forex trading from the basic concepts to the most advanced trading concepts. XM online education resources focus more on educational videos for teaching and learning including:.

XM research tools include daily and weekly updates on the latest market trends, numerous daily briefings, trading podcast, trade ideas powered by Autochartist and so much more.

For more detailed technical and fundamental analysis, XM Research section is rich with market insights. XM incorporates market commentary from over 20 in-house FX experts. Overall, the XM website is a leader when it comes to providing reliable market research and educational material.

South African Traders with IQ Options are open to open a Zar denominated account with a minimum deposit of ZAR. Forex Brokers for Beginners. All Broker Types. Brokers by Country. Forex Brokers New Zealand. Forex Brokers Australia. Forex Brokers UK. Forex Brokers USA. Forex Brokers Canada. Forex Brokers South Africa. Forex Brokers Kenya. Other Countries. BrokerTested Awards Broker Comparison. XM vs IC Markets. XM vs Pepperstone. eToro vs Trading IC Markets vs Pepperstone.

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Other directories. About us. Best Forex Brokers with ZAR Account Post author By George Rossi Post date July 25, No Comments on Best Forex Brokers with ZAR Account ZAR Account ZAR Brokers ZAR Forex Brokers List FSCA ZAR Account Forex Brokers MT4 ZAR Account Forex Brokers Low ZAR Account Spread Forex Brokers.

What is a ZAR Account? Benefits of using local fiat as the base currency: No forex conversion charges Faster deposits and withdrawals Traders can avoid slippage Calculation of net profit is easy South African forex brokers are regulated by the Financial Sector Conduct Authority FSCA , formerly known as the Financial Services Board FSB.

ZAR Account Forex Brokers To select the best forex brokers offering ZAR accounts, we tested and reviewed several forex brokers. ThinkMarkets — Best Overall Broker Offering ZAR Account XM — Best Forex Broker Offering ZAR Account for Beginners Markets.

com — Best Forex Trading Platform Offering ZAR Account ETX Capital — Best MT4 Forex Broker Offering ZAR Account HotForex — Best High Leverage Forex Broker Offering ZAR Account Best Overall Broker Offering ZAR Account We have picked ThinkMarkets as the best overall broker offering ZAR account. Best Forex Broker Offering ZAR Account for Beginners We have picked XM as the best forex broker offering ZAR account for beginners.

Best Forex Trading Platform Offering ZAR Account We have picked Markets. Best MT4 Forex Broker Offering ZAR Account We have picked Markets. Best High Leverage Forex Broker Offering ZAR Account We have picked HotForex as the best high leverage forex broker offering ZAR account.

Account Forex Brokers with ZAR Base Currency List Apart from the shortlisted brokers, here is a complete list of forex brokers that offers ZAR accounts and ZAR as a base currency: Forex Broker ZAR Account Broker Review Plus Yes Visit Plus XM Yes Visit XM Pepperstone Yes Visit Pepperstone FxPro Yes Visit FxPro Markets. com Yes Visit Markets.

com Amana Capital Yes Visit Amana Capital ThinkMarkets Yes Visit ThinkMarkets BlackBull Markets Yes Visit BlackBull Markets Dukascopy Yes Visit Dukascopy ETX Capital Yes Visit ETX Capital Saxo Bank Yes Visit Saxo Markets Fineco Bank Yes Visit Fineco Bank Trade Nation Yes Visit Trade Nation IG Markets Yes Visit IG Markets HotForex Yes Visit HotForex Exness Yes Visit Exness FAQ and More on Brokers offering ZAR Account Traders usually have many questions related to generic trading-related queries.

FSCA-Regulated Forex Brokers offering ZAR Account FSCA regulates the forex brokers operating in South Africa. Some of the FSCA-regulated forex brokers offering ZAR accounts are: Plus IG Markets Markets. com FxPro MT4 Forex Brokers offering ZAR Account MetaQuotes Software-developed MT4 is a very popular platform for trading forex and CFDs. CySEC, FSA, FCA, FSCA, FSC, and the Central Bank of Curaçao and Sint Maarten.

MetaTrader 4, MetaTrader 5. USD 5. CySEC, FCA, FSA, DFSA, FSCA, CMA. MT4, MT5. ZAR MetaTrader 4 MT4. Open a Trading Account. MetaTrader 4. USD recommended amount USD FCA, CySEC, FSCA, SCB. USD 0. FSCA, SCB. Meta Trader 4. CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA. CySec, FSCA. MetaTrader4, Metatrader 5. Author Details. Facebook Twitter Youtube Linkedin Instagram. Louis Schoeman. Table of Contents. You might also like. GO Markets Review Overall, GO Markets can be summarised as a safe broker that provides competitive spreads on Contracts for Difference CFDs.

GO Markets Sign Up Bonus GO Markets does not offer a Sign Up Bonus. A - Z Brokers:. Trade with a Regulated Broker. As Seen On:. Want to stay in the loop?

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Forex and CFD trading is regulated in South Africa by FSCA. As of today, there are only a few forex brokers that have received the license to offer their services to South African residents.

Some of these brokers offer ZAR accounts. We have compared the important metrics of each broker such as fees and spread, trading conditions, deposit and withdrawal methods, and more. We now compare each regulated forex broker in South Africa with ZAR Account. HotForex is a well-known and reputable global forex and CFD broker. The broker is regulated by the tier-1 financial regulator Financial Conduct Authority FCA of the UK with license number Additionally, the broker is also regulated by the CySEC of Cyprus, the DFSA of Dubai, and the FSA of Seychelles.

Most importantly, the broker is also locally regulated by the FSCA of South Africa as HF Markets SA PTY Ltd. The broker carries license number Fees: The fees charged by HotForex depends on the type of account opened by the trader. HotForex offers a total of 6 different account types: Premium, Zero Spread, Micro, Auto, HFCopy, and PAMM. Each type of account offers different trading conditions to suit the needs of different kinds of traders.

The Premium account carries a typical spread of 1. This account does not charge any commission for trades. The Zero Spread account charges low spreads of around 0. The Zero Spread account is better for traders who trade in high volumes since it charges a lower spread. A big advantage of trading through HotForex is that they do not charge any deposit or withdrawal fees.

Further, they also do not charge any inactivity fees. Trading Conditions: HotForex offers a wide range of trading instruments when compared to other similar brokers.

It offers more than 53 currency pairs to choose from. Apart from forex, the broker also offers instruments such as 6 metal CFDs, 56 share CFDs, 4 energy CFDs, 5 commodity CFDs, 34 ETF CFDs, and 3 bond CFDs.

HotForex currently does not offer any cryptocurrency CFDs, which may be considered a drawback for some traders. HotForex offers a variety of deposit options for South African users to choose from. It offers local Internet banking transfers via EFT as well as wire transfers. HotForex also accepts credit card payments through Visa and Mastercard issued cards. Additionally, HotForex offers leverage of up to however, users should be careful while using high amounts of leverage.

They also allow EAs, scalping, and hedging. We found the order execution speed to be decent. Customer Support: HotForex provides a variety of ways in which traders can get in touch with them. They have a local South African phone number for local traders. Additionally, they also have a live chat option on their website and they usually respond within a minute on weekdays. You can also get in touch with them through email and you can expect a response within two hours on weekdays.

Exness is a reputable broker that has a strong record. They have been operating since The various group entities of Exness are regulated by different financial authorities. They are regulated by the tier-1 financial authority FCA and carry license number They are regulated in South Africa by the FSCA which has accorded license number to the group entity Vlerizo Pty Ltd. Additionally, Exness is also regulated by several other financial authorities such as the FSA of Seychelles, CBCS of Curacao and Sint Maarten, FSC of the British Virgin Islands, FSC of Mauritius, and the CySEC of Cyprus tier-2 financial regulator.

Fees: Exness offers five different types of accounts with variable fees: Standard, Standard Cent, Raw Spread, Pro, and Zero. Under the Raw Spread account, Exness charges a spread beginning from 0 pips. Under the Zero account, Exness charges a spread beginning from 0. This account type does not charge any commission. The minimum deposit required to open an account via Internet Banking in South Africa at Exness is USD Exness does not charge a deposit or withdrawal fee, however, certain payment systems may charge a fee that the user has to bear.

Trading Conditions: Different account types of Exness offer different trading instruments. In contrast, the Zero account offers forex currency pairs, gold, silver, energy CFDs, cryptocurrency CFDs, indices, and stocks. Exness offers both online and offline bank transfer methods for depositing money into an account. Additionally, Exness has partnered with various mobile payment apps to effect payments such as Skrill, Neteller, PhonePe, and others.

Exness also accepts payments through UPI-enabled platforms. Customer Support: Exness offers customer support primarily through a live chat option which is available on their website. In addition, Exness also has an extensive FAQs section which can be used to search for solutions and answers.

You also have the option of sending them an email. Overall, we found their customer support to be quite helpful. We received proper answers to our questions quite promptly. XM Forex is not regulated locally by the FSCA. It has good customer support and bonus offerings for South African clients. The parent company of XM, Trading Point of Financial Instruments Pty Ltd is regulated by the tier-1 financial authority ASIC of Australia with the license number and FCA with In addition, it is regulated by the Cyprus Securities and Exchange Commission CySEC and the Dubai Financial Services Authority DFSA.

Overall, we consider XM Forex to be a safe broker to trade through due to its global licenses. Fees: XM charges variable spreads through its different trading accounts.

XM offers trading services through four different account types, each of which has its own fee structure. Overall, the typical spread for trading the benchmark EURUSD currency pair is 1. XM only charges a commission through its Shares account.

The amount of commission depends on the type of trading instrument that is being traded. For example, if you are trading US shares, then you will be charged a commission of 4 cents per share. XM does not charge any withdrawal or deposit fee, which is a considerable advantage for traders. However, it does charge an inactivity fee after three months of inactivity. Trading Conditions: XM offers a wide variety of trading instruments. Traders can gain exposure in 57 currency pairs, more than stock CFDs, 10 indices, 8 commodities, 5 energy instruments, gold, silver, and more.

XM does not offer any cryptocurrency CFDs. XM offers the latest versions of both MT 4 and MT 5 to its traders. As they are the most popular trading platforms, users should not face any problems while trading through them. Customer Support: XM offers a range of ways in which you can get in touch with them. Email, phone call, and live chat are the most popular options. XM does not offer a local phone number for South Africans to call, however, you can get in touch with them through a global phone line.

The number has been provided on their website. Further, their email support is also quite helpful. We received a response within 3 hours of contacting them. Plus has been operating since and has catered to a vast number of traders around the world.

Plus is regulated by the South African FSCA and carries license number Plus is also regulated by the global tier-1 financial regulator FCA of the UK. In addition, Plus is also licensed by the CySEC of Cyprus, the FMA of New Zealand, the FSA of Seychelles, and the MAS of Singapore. Overall, we consider Plus to be a safe broker to trade through due to its regulation by the FSCA and top global financial authorities.

Fees: Plus offers a single account type that charges a variable spread depending on the timing of the trade and the instrument being traded. For the benchmark GBPUSD currency pair, the typical spread is 0. Further, Plus does not charge any deposit or withdrawal fees. However, a fee may be charged by the payment service provider. Plus does charge an inactivity fee which can be up to USD 10, in case a user does not use their account for a period of more than three months.

Trading Conditions: Plus offers more than 71 currency pairs in addition to s of CFDs on shares, commodities, and cryptocurrencies. Plus is notably one of the few brokers that offer both ZAR denominated accounts as well as for cryptocurrencies. They offer a leverage of up to , which is quite low when compared to other similar brokers. However, the low leverage may turn out to be a benefit for newer traders.

The minimum account opening balance needs to be at least ZAR They offer negative balance protection without asking for any additional fees. Plus offers a proprietary trading platform that is available for web browsers and smartphones. They do not have downloadable desktop software. Customer Support: Plus offers customer support through email, live chat, as well as WhatsApp.

We tried contacting them through email and received a response within two hours.

Nearly all ZAR brokers accept bank transfer from any major South African bank. For South African traders, it is a good idea to trade through ZAR accounts. The in-house trading platform, Trading Station is a powerful piece of software that combines multiple custom indicators, robust charting package, customised time frames, price overlays, price alert, and backtesting and strategy optimization capabilities. Overall, GlobeX° can be summarised as a trustworthy broker that provides trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market. FSCA regulated forex brokers have an extra layer of trustworthiness because you can have access to independent dispute resolution systems to solve any conflict between SA traders and the FX broker. All FXCM trading platforms are fairly accessible through multiple devices including PC Windows, Mac and Linux and from any browser. The minimum account opening balance needs to be at least ZAR

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