Swap-free (Islamic) accounts: what is actually waived

A swap is the overnight financing charge on a leveraged position. A swap-free, or Islamic, account waives it, which is what makes the account usable under rules that forbid interest.

What is waived differs between brokers, and the difference matters: some waive the swap and charge an administration fee after a few nights instead, some limit swap-free status to certain instruments, and some grant it on request rather than by default. The broker pages here record the condition as the broker states it.

The ten below offer a swap-free account to residents of South Africa.

Swap-free accounts offered (103 of 103)

63Yes

9On request

9No

22Not stated

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (72 of 103 counts · 100 brokers onboarding South African residents)

72of 103

qualify for this ranking

70% of 103

57of 72

scored on all six axes

79% of 72

80of 103

publish a price

78% of 103

72of 103

publish a leverage figure for this country

70% of 103

Top 3 (of 3 ranked)

1OctaFX4.55highest score of the three · locally licensed · withdrawal in 3 h 2Capital.com4.48locally licensed · withdrawal in 24 h 3HFM4.46locally licensed · withdrawal in 24 h

Swap-free (Islamic) accounts: what is actually waived (72 of 103)

By slice score, formula v1.0. · 72 of 100 brokers in this ranking · all 72

#	Broker	Round turn, USDZA	Min deposit, USDZA	Leverage	Withdrawal, hZA	Score	Execution	Founded	Funding
1	CFI	—	0	500ZA	24	4.69	ECN/raw + standard	1998	3 methods · local
2	Finvasia	4	50 group	1000 groupZA	—	4.62	ECN/raw	2007	5 methods · local
3	OctaFX	9	25	1000ZA	3	4.55	ECN/raw + standard	2011	3 methods · local
4	Capital.com	6	20	30 groupZA	24	4.48	Standard	2016	3 methods · local
5	FP Markets	6.5	100	500ZA	72	4.46	ECN/raw + standard	2005	3 methods
6	HFM	6	0 group	2000ZA	24	4.46	ECN/raw + standard	2010	3 methods · local
7	ACY Securities	6	50 group	500 groupZA	24	4.37	ECN/raw + standard	2011	5 methods · local
8	FXGT	6	10	5000ZA	24	4.36	ECN/raw + standard	2019	6 methods · local
9	Admirals	6	25	500ZA	24	4.36	ECN/raw + standard	2001	4 methods · local
10	ThinkMarkets	7	50	500ZA	4	4.28	ECN/raw + standard	2010	5 methods · local
11	AvaTrade	9	100	400ZA	24	4.27	Standard	2006	5 methods · local
12	Tickmill	6	100	1000ZA	24	4.27	ECN/raw + standard	2014	4 methods · local
13	FXCM	7	4	400ZA	72	4.26	ECN/raw + standard	1999	2 methods · local
14	CMTrading	8	300	200ZA	24	4.24	ECN/raw + standard	2012	4 methods · local
15	STARTRADER	4	50	1000ZA	24	4.23	ECN/raw + standard	2019	4 methods
16	Headway	3	1	—stated, not verified	0.5	4.2	ECN/raw + standard	2023	4 methods · local
17	JustMarkets	3	10 group	3000ZA	48	4.18	ECN/raw + standard	2012	3 methods · local
18	CAPEX	6.5	100	300ZA	24	4.15	ECN/raw + standard	2016	3 methods · local
19	Grand Capital	5	10	500ZA	0.25	4.14	ECN/raw + standard	2006	3 methods
20	Fusion Markets	4.5	0	500ZA	1	4.13	ECN/raw + standard	2017	6 methods
21	IC Markets	7.5	200	500ZA	24	4.12	ECN/raw + standard	2007	9 methods · local
22	Land-FX	3.35	10	2000ZA	1	4.1	ECN/raw + standard	2008	7 methods · local
23	Forex.com	7	100 group	50ZA	—	4.06	ECN/raw + standard	2001	3 methods
24	ActivTrades	4.2	0 group	200ZA	24	4.03	ECN/raw + standard	2001	4 methods
25	Global Prime	7	0 group	500ZA	2	4.03	ECN/raw + standard	2010	6 methods
26	Moneta Markets	7	50	1000ZA	24	4.02	ECN/raw + standard	2019	5 methods
27	AMarkets	7	100 group	3000ZA	24	4.01	ECN/raw + standard	2007	3 methods
28	Scope Markets	9	10 group	1000 groupZA	48	4	ECN/raw + standard	—	4 methods · local
29	Ultima Markets	5	50 group	2000ZA	120	4	ECN/raw + standard	2016	5 methods
30	Trade Nation	5	0 group	200ZA	120	3.98	Standard	2014	3 methods · local
31	FxPro	7	100	200ZA	3	3.98	ECN/raw + standard	2006	3 methods · local
32	Pepperstone	7	200	400ZA	24	3.97	ECN/raw + standard	2010	5 methods · local
33	Traders Trust	6	50	3000ZA	24	3.96	ECN/raw + standard	2009	5 methods
34	Plus500	8	10	30ZA	72	3.95	Standard	2008	5 methods · local
35	BlackBull Markets	6	0	500ZA	72	3.92	ECN/raw + standard	2014	6 methods · local
36	Hantec Markets	3	10 group	500ZA	48	3.9	ECN/raw + standard	2009	2 methods
37	FIBO Group	6	50	1000ZA	48	3.88	ECN/raw + standard	1998	5 methods
38	GO Markets	6	200	500ZA	48	3.84	ECN/raw + standard	2006	4 methods
39	XTB	1	0	500ZA	72	3.83	ECN/raw + standard	2002	2 methods
40	ATFX	12	500 group	400ZA	24	3.82	Standard	2017	3 methods · local
41	Orbex	8	100	500ZA	24	3.82	ECN/raw + standard	2010	5 methods
42	FXChoice	7	100	200ZA	24	3.8	ECN/raw + standard	2010	3 methods
43	Dukascopy	8	100	200ZA	48	3.77	ECN/raw + standard	2004	3 methods
44	IronFX	18	100	500ZA	240	3.76	ECN/raw + standard	2010	6 methods · local
45	Blueberry Markets	7	100 group	500ZA	48	3.75	ECN/raw + standard	2016	7 methods
46	Doo Prime	7	5 group	1000ZA	24	3.73	ECN/raw + standard	2014	4 methods · local
47	HYCM	5	100 group	500ZA	24	3.71	ECN/raw + standard	1998	5 methods
48	Amana Capital	7	50 group	100ZA	48	3.69	ECN/raw + standard	2010	2 methods
49	MultiBank Group	15	50 group	500ZA	48	3.68	ECN/raw + standard	2005	5 methods
50	LiteFinance	18	50	1000ZA	24	3.67	Standard	2005	3 methods
51	FXOpen	1.5	1 group	500ZA	24	3.67	ECN/raw + standard	2005	6 methods
52	Milton Prime	—	300 group	500ZA	1	3.61	—	2015	4 methods · local
53	FXTM	16	10	2000ZA	24	3.6	Standard	2011	5 methods · local
54	ForexMart	10	15	500ZA	7	3.59	Standard	2015	6 methods · local
55	Skilling	8.5	100	500ZA	24	3.58	ECN/raw + standard	2016	6 methods
56	Windsor Brokers	8	50 group	1000ZA	24	3.58	ECN/raw + standard	1988	3 methods
57	Errante	—	50 group	1000ZA	24	3.58	ECN/raw + standard	2019	5 methods
58	Fullerton Markets	7	—	500ZA	72	3.58	ECN/raw + standard	2015	2 methods
59	Swissquote	16	1000	100ZA	24	3.5	ECN/raw + standard	1996	2 methods
60	Satrix	—	—	—stated, not verified	—	3.45	—	2000	3 methods · local
61	Equiti	8	500	500ZA	24	3.38	ECN/raw + standard	2003	3 methods
62	TMGM	7	100 group	1000ZA	96	3.35	ECN/raw + standard	2013	6 methods
63	EasyEquities	—	—	—stated, not verified	120	3.31	—	2014	4 methods
64	NAGA	11	250	1000ZA	24	3.3	Standard	2015	4 methods · local
65	InstaForex	—	1 group	1000ZA	7	3.28	ECN/raw + standard	2007	3 methods
66	Eightcap	7	100 group	500ZA	120	3.22	ECN/raw + standard	2015	4 methods
67	BDSwiss	10	10 group	2000 groupZA	24	3.21	ECN/raw + standard	2012	4 methods · local
68	T4Trade	18	50 group	1000ZA	24	3.21	Standard	2021	5 methods
69	Axiory	2	10 group	400ZA	240	3.04	ECN/raw + standard	2011	6 methods
70	ADSS	12	100 group	500ZA	120	3.02	ECN/raw + standard	2010	2 methods
71	Fortrade	20	100 group	—stated, not verified	120	2.48	Standard	2013	4 methods
72	Purple Group	—	—	—stated, not verified	—	—	—	2011	3 methods · local

Ten are shown; the button opens the rest.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

IC Markets publishes a retail leverage of 1:500 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

The ten above illustrate the term. Swap-free (Islamic) brokers in South Africa lists every broker that qualifies, with the figure each one publishes.

Identical for every row, so it is stated once: Who onboards Local · FSCA · Swap-free fee none, no limit · ZAR account Yes.

1. OctaFX — highest score of the three · locally licensed · withdrawal in 3 h (score 4.55)

Round turn: 9 USD
Withdrawal: 1-3 hours on business days
ZAR account: USD, EUR
Leverage: 1000ZA
Licence: FSCA 51913
Accepts residents: yes
Onboarding entity: Orinoco Capital Pty Ltd
Founded: 2011
Group leverage: uncleargroup
Instruments: Forex, crypto, stocks
Platforms: MT5cTraderWebTradingView
Funding: EFT, OZOW, local bank
Not served: United States, Canada, United Kingdom, European Union, Israel, Japan, New Zealand, North Korea, Iran, Myanmar, Philippines, Singapore

Reviews25%90
Round-turn cost20%80
Safety
Payouts15%98
Track record10%75
Platforms65

Why it ranks here

Round turn 9 USD against the slice median 7 USD. strongest axis payouts 98 of 100. total score 4.55.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of OctaFX

2. Capital.com — locally licensed · withdrawal in 24 h (score 4.48)

Round turn: 6 USD
Withdrawal: 24 hours
ZAR account: USD-denominated; local ZAR account availability not verified at review.
Leverage: 30 groupZA
Accepts residents: yes
Onboarding entity: South African clients are now onboarded by the new local entity Capital Com South Africa (Pty) Ltd, which received FSCA approval in June 2026 (previously SA was served offshore/restricted).
Founded: 2016
Register: https://capital.com/en-int/press · 09.07.2026
Group leverage: unclear
Instruments: CFD-only broker; the SA entity advertises 5,000+ CFD markets across equities, commodities, indices, FX and crypto.
Platforms: MT5MT4Web
Funding: Cards, bank transfer and e-wallets; ZAR instant-EFT support not verified at review.
Not served: Afghanistan, American Samoa, Belgium, Bahamas, Barbados, Belarus, Burkina Faso, United States of America, Cameroon, Canada, China, Congo, Democratic Republic of the Congo, Cuba, Eritrea, Gibraltar, Guam, Haiti, India, Indonesia, Iran, Iraq, Israel, Japan, Artsakh (Nagorno-Karabakh), Kosovo, North Korea, Libya, Malaysia, Mali, Marshall Islands, Federated States of Micronesia, Myanmar, New Zealand, Northern Mariana Islands, Palestine, Palau, Philippines, Puerto Rico, Russia, Sahrawi Arab Democratic Republic, Samoa, Senegal, Somalia, South Sudan, Sudan, Syria, Turkey, United States Minor Outlying Islands, Vanuatu, Venezuela, Virgin Islands, US, Yemen

Why it ranks here

Round turn 6 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.48.

Watch for

Min deposit 200 USD, double the South Africa median of 50; withdrawal time not published.

Full review of Capital.com

3. HFM — locally licensed · withdrawal in 24 h (score 4.46)

Round turn: 6 USD
Withdrawal: same business day
ZAR account: ZAR trading accounts offered; also USD.
Leverage: 2000ZA
Licence: 46632
Accepts residents: yes
Onboarding entity: SA clients served under LOCAL FSCA-licensed entity HF Markets SA (Pty) Ltd.
Founded: 2010
Register: https://fxscouts.co.za · 09.07.2026
Group leverage: uncleargroup
Instruments: 1000+ CFDs: FX, metals, indices, shares, commodities, crypto.
Platforms: MT5WebMobile
Funding: Fast free deposits/withdrawals via local ZAR banks; cards, e-wallets.
Not served: United States, Canada, Sudan, Syria, Iran, North Korea

Why it ranks here

Round turn 6 USD against the slice median 7 USD. strongest axis round-turn cost 95 of 100. total score 4.46.

Watch for

Onboards South African residents through an offshore entity: no FSCA licence, no FSCA complaints route, no ZAR account.

Full review of HFM

What the data shows(72 of 103 distributions · 100 brokers)

Swap-free availability (72 of 103 brokers)

Offered30Not offered14

Admin fee after the free period (72 of 103 swap-free)

Never16After 3–30 days9not published5

Who onboards South African residents (72 of 103 brokers)

Local FSCA entity20Offshore entity24

ZAR account (72 of 103 brokers)

Yes16No23not published5

Round turn, one lot, USD (80 of 103 · median 7 USD)

14<5

5010

915

620

1>20

Full list(72 of 103)

1CFI4.69
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
2Finvasia4.62
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
50 group
Leverage
1000 groupZA
ZAR
Yes
3OctaFX4.55
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
25
Leverage
1000ZA
ZAR
Yes
4Capital.com4.48
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20
Leverage
30 groupZA
ZAR
Yes
5FP Markets4.46
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6.5
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
6HFM4.46
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
2000ZA
ZAR
Yes
7ACY Securities4.37
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
500 groupZA
ZAR
Yes
8FXGT4.36
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
5000ZA
ZAR
Yes
9Admirals4.36
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
25
Leverage
500ZA
ZAR
Yes
10ThinkMarkets4.28
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
500ZA
ZAR
Yes
11AvaTrade4.27
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100
Leverage
400ZA
ZAR
Yes
12Tickmill4.27
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100
Leverage
1000ZA
ZAR
Yes
13FXCM4.26
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
4
Leverage
400ZA
ZAR
Yes
14CMTrading4.24
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
300
Leverage
200ZA
ZAR
Yes
15STARTRADER4.23
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
16Headway4.2
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
1
ZAR
Yes
17JustMarkets4.18
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
10 group
Leverage
3000ZA
ZAR
Yes
18CAPEX4.15
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6.5
Min deposit, USD
100
Leverage
300ZA
ZAR
Yes
19Grand Capital4.14
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10
Leverage
500ZA
ZAR
Yes
20Fusion Markets4.13
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4.5
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
21IC Markets4.12
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
200
Leverage
500ZA
ZAR
Yes
22Land-FX4.1
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3.35
Min deposit, USD
10
Leverage
2000ZA
ZAR
Yes
23Forex.com4.06
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
50ZA
ZAR
Yes
24ActivTrades4.03
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
4.2
Min deposit, USD
0 group
Leverage
200ZA
ZAR
Yes
25Global Prime4.03
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500ZA
ZAR
Yes
26Moneta Markets4.02
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
27AMarkets4.01
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
3000ZA
ZAR
Yes
28Scope Markets4
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
10 group
Leverage
1000 groupZA
ZAR
Yes
29Ultima Markets4
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
50 group
Leverage
2000ZA
ZAR
Yes
30Trade Nation3.98
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
0 group
Leverage
200ZA
ZAR
Yes
31FxPro3.98
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
200ZA
ZAR
Yes
32Pepperstone3.97
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
200
Leverage
400ZA
ZAR
Yes
33Traders Trust3.96
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
3000ZA
ZAR
Yes
34Plus5003.95
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
10
Leverage
30ZA
ZAR
Yes
35BlackBull Markets3.92
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
36Hantec Markets3.9
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
10 group
Leverage
500ZA
ZAR
Yes
37FIBO Group3.88
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
38GO Markets3.84
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
200
Leverage
500ZA
ZAR
Yes
39XTB3.83
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
1
Min deposit, USD
0
Leverage
500ZA
ZAR
Yes
40ATFX3.82
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
12
Min deposit, USD
500 group
Leverage
400ZA
ZAR
Yes
41Orbex3.82
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
42FXChoice3.8
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
200ZA
ZAR
Yes
43Dukascopy3.77
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
200ZA
ZAR
Yes
44IronFX3.76
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
45Blueberry Markets3.75
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
46Doo Prime3.73
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
1000ZA
ZAR
Yes
47HYCM3.71
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
48Amana Capital3.69
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50 group
Leverage
100ZA
ZAR
Yes
49MultiBank Group3.68
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
15
Min deposit, USD
50 group
Leverage
500ZA
ZAR
Yes
50LiteFinance3.67
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
50
Leverage
1000ZA
ZAR
Yes
51FXOpen3.67
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
1.5
Min deposit, USD
1 group
Leverage
500ZA
ZAR
Yes
52Milton Prime3.61
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
300 group
Leverage
500ZA
ZAR
Yes
53FXTM3.6
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
10
Leverage
2000ZA
ZAR
Yes
54ForexMart3.59
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
10
Min deposit, USD
15
Leverage
500ZA
ZAR
Yes
55Skilling3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8.5
Min deposit, USD
100
Leverage
500ZA
ZAR
Yes
56Windsor Brokers3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
50 group
Leverage
1000ZA
ZAR
Yes
57Errante3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
50 group
Leverage
1000ZA
ZAR
Yes
58Fullerton Markets3.58
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Leverage
500ZA
ZAR
Yes
59Swissquote3.5
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
1000
Leverage
100ZA
ZAR
Yes
60Satrix3.45
Onboards
Local · FSCA
Swap-free
none, no limit
ZAR
Yes
61Equiti3.38
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
500
Leverage
500ZA
ZAR
Yes
62TMGM3.35
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000ZA
ZAR
Yes
63EasyEquities3.31
Onboards
Local · FSCA
Swap-free
none, no limit
ZAR
Yes
64NAGA3.3
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
250
Leverage
1000ZA
ZAR
Yes
65InstaForex3.28
Onboards
Local · FSCA
Swap-free
none, no limit
Min deposit, USD
1 group
Leverage
1000ZA
ZAR
Yes
66Eightcap3.22
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
67BDSwiss3.21
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
10
Min deposit, USD
10 group
Leverage
2000 groupZA
ZAR
Yes
68T4Trade3.21
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
50 group
Leverage
1000ZA
ZAR
Yes
69Axiory3.04
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
2
Min deposit, USD
10 group
Leverage
400ZA
ZAR
Yes
70ADSS3.02
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
12
Min deposit, USD
100 group
Leverage
500ZA
ZAR
Yes
71Fortrade2.48
Onboards
Local · FSCA
Swap-free
none, no limit
Round turn, USD
20
Min deposit, USD
100 group
ZAR
Yes

How to read the ten below

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of South Africa through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 50.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 5 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in South Africa?: 72 of 103 brokers measured for this country qualify.
Which broker leads it, and on what basis?: OctaFX leads it with a score of 4.55. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
Why are only ten brokers shown here?: This page explains the term; the ten illustrate it. The full ranking lists 72 of 103 and is one click away.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(72 of 103 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.