Visit FxProWhat leverage means, and where the cap comes from
Leverage lets a position be larger than the money behind it: at 1:30, ZAR1,000 of your own holds a ZAR30,000 position. It multiplies the result in both directions, and the loss is the half people discover second.
The number a broker advertises belongs to the ENTITY that onboards you, not to the brand. The same name can offer 1:30 through a locally licensed company and 1:500 through an offshore one, and which you get depends on where you live - so the broker pages here name the entity beside the figure.
The ten below publish the highest retail leverage available to residents of South Africa. A high cap is a fact about the entity, not a recommendation.
Retail leverage in South Africa (79 of 103 · median 1:500)
53<1k
162k
53k
44k
1>4k
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
59of 72
scored on all six axes
82% 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)
What leverage means, and where the cap comes from (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 | — | 0 | 500ZA | 24 | 4.69 | ECN/raw + standard | 1998 | 3 methods · local | |
| 2 | 9 | 25 | 1000ZA | 3 | 4.55 | ECN/raw + standard | 2011 | 3 methods · local | |
| 3 | 6.5 | 100 | 500ZA | 72 | 4.46 | ECN/raw + standard | 2005 | 3 methods | |
| 4 | 6 | 0 group | 2000ZA | 24 | 4.46 | ECN/raw + standard | 2010 | 3 methods · local | |
| 5 | 6 | 10 | 5000ZA | 24 | 4.36 | ECN/raw + standard | 2019 | 6 methods · local | |
| 6 | 6 | 25 | 500ZA | 24 | 4.36 | ECN/raw + standard | 2001 | 4 methods · local | |
| 7 | 8.5 | 20 | 200ZA | 24 | 4.32 | Standard | 2011 | 4 methods | |
| 8 | 7 | 50 | 500ZA | 4 | 4.28 | ECN/raw + standard | 2010 | 5 methods · local | |
| 9 | 7.5 | 50 | 30ZA | 72 | 4.28 | Standard | 1974 | 2 methods · local | |
| 10 | 9 | 100 | 400ZA | 24 | 4.27 | Standard | 2006 | 5 methods · local | |
| 11 | 6 | 100 | 1000ZA | 24 | 4.27 | ECN/raw + standard | 2014 | 4 methods · local | |
| 12 | 7 | 4 | 400ZA | 72 | 4.26 | ECN/raw + standard | 1999 | 2 methods · local | |
| 13 | 8 | 300 | 200ZA | 24 | 4.24 | ECN/raw + standard | 2012 | 4 methods · local | |
| 14 | 4 | 50 | 1000ZA | 24 | 4.23 | ECN/raw + standard | 2019 | 4 methods | |
| 15 | 3 | 10 group | 3000ZA | 48 | 4.18 | ECN/raw + standard | 2012 | 3 methods · local | |
| 16 | 6.5 | 100 | 300ZA | 24 | 4.15 | ECN/raw + standard | 2016 | 3 methods · local | |
| 17 | 5 | 10 | 500ZA | 0.25 | 4.14 | ECN/raw + standard | 2006 | 3 methods | |
| 18 | 4.5 | 0 | 500ZA | 1 | 4.13 | ECN/raw + standard | 2017 | 6 methods | |
| 19 | 13.6 | 50 | 20ZA | 72 | 4.13 | ECN/raw + standard | 1974 | 3 methods · local | |
| 20 | 6 | 100 | 300ZA | 168 | 4.13 | Standard | 2008 | 5 methods · local | |
| 21 | 7.5 | 200 | 500ZA | 24 | 4.12 | ECN/raw + standard | 2007 | 9 methods · local | |
| 22 | 3.35 | 10 | 2000ZA | 1 | 4.1 | ECN/raw + standard | 2008 | 7 methods · local | |
| 23 | 7 | 100 group | 50ZA | — | 4.06 | ECN/raw + standard | 2001 | 3 methods | |
| 24 | 4.2 | 0 group | 200ZA | 24 | 4.03 | ECN/raw + standard | 2001 | 4 methods | |
| 25 | 7 | 0 group | 500ZA | 2 | 4.03 | ECN/raw + standard | 2010 | 6 methods | |
| 26 | 7 | 50 | 1000ZA | 24 | 4.02 | ECN/raw + standard | 2019 | 5 methods | |
| 27 | 7 | 100 group | 3000ZA | 24 | 4.01 | ECN/raw + standard | 2007 | 3 methods | |
| 28 | 5 | 50 group | 2000ZA | 120 | 4 | ECN/raw + standard | 2016 | 5 methods | |
| 29 | 5 | 0 group | 200ZA | 120 | 3.98 | Standard | 2014 | 3 methods · local | |
| 30 | 7 | 100 | 200ZA | 3 | 3.98 | ECN/raw + standard | 2006 | 3 methods · local | |
| 31 | 7 | 200 | 400ZA | 24 | 3.97 | ECN/raw + standard | 2010 | 5 methods · local | |
| 32 | 6 | 50 | 3000ZA | 24 | 3.96 | ECN/raw + standard | 2009 | 5 methods | |
| 33 | 4 | 50 group | 400ZA | 72 | 3.96 | ECN/raw + standard | 2013 | 1 methods · local | |
| 34 | 8 | 10 | 30ZA | 72 | 3.95 | Standard | 2008 | 5 methods · local | |
| 35 | 6 | 0 | 500ZA | 72 | 3.92 | ECN/raw + standard | 2014 | 6 methods · local | |
| 36 | 9 | 100 | 1000ZA | 120 | 3.92 | Standard | 2014 | 4 methods · local | |
| 37 | 3 | 10 group | 500ZA | 48 | 3.9 | ECN/raw + standard | 2009 | 2 methods | |
| 38 | 6 | 50 | 1000ZA | 48 | 3.88 | ECN/raw + standard | 1998 | 5 methods | |
| 39 | 6 | 200 | 500ZA | 48 | 3.84 | ECN/raw + standard | 2006 | 4 methods | |
| 40 | 1 | 0 | 500ZA | 72 | 3.83 | ECN/raw + standard | 2002 | 2 methods | |
| 41 | 12 | 500 group | 400ZA | 24 | 3.82 | Standard | 2017 | 3 methods · local | |
| 42 | 8 | 100 | 500ZA | 24 | 3.82 | ECN/raw + standard | 2010 | 5 methods | |
| 43 | 7 | 100 | 200ZA | 24 | 3.8 | ECN/raw + standard | 2010 | 3 methods | |
| 44 | 5.9 | 50 group | 30ZA | 120 | 3.8 | ECN/raw + standard | 2023 | 3 methods · local | |
| 45 | 8 | 100 | 200ZA | 48 | 3.77 | ECN/raw + standard | 2004 | 3 methods | |
| 46 | 18 | 100 | 500ZA | 240 | 3.76 | ECN/raw + standard | 2010 | 6 methods · local | |
| 47 | 7 | 100 group | 500ZA | 48 | 3.75 | ECN/raw + standard | 2016 | 7 methods | |
| 48 | 7 | 5 group | 1000ZA | 24 | 3.73 | ECN/raw + standard | 2014 | 4 methods · local | |
| 49 | 3.5 | 30 | 3000ZA | 24 | 3.71 | ECN/raw + standard | 1998 | 5 methods | |
| 50 | 5 | 100 group | 500ZA | 24 | 3.71 | ECN/raw + standard | 1998 | 5 methods | |
| 51 | 7 | 50 group | 100ZA | 48 | 3.69 | ECN/raw + standard | 2010 | 2 methods | |
| 52 | 15 | 50 group | 500ZA | 48 | 3.68 | ECN/raw + standard | 2005 | 5 methods | |
| 53 | 18 | 50 | 1000ZA | 24 | 3.67 | Standard | 2005 | 3 methods | |
| 54 | 1.5 | 1 group | 500ZA | 24 | 3.67 | ECN/raw + standard | 2005 | 6 methods | |
| 55 | — | 300 group | 500ZA | 1 | 3.61 | — | 2015 | 4 methods · local | |
| 56 | 16 | 10 | 2000ZA | 24 | 3.6 | Standard | 2011 | 5 methods · local | |
| 57 | 10 | 15 | 500ZA | 7 | 3.59 | Standard | 2015 | 6 methods · local | |
| 58 | 8.5 | 100 | 500ZA | 24 | 3.58 | ECN/raw + standard | 2016 | 6 methods | |
| 59 | 8 | 50 group | 1000ZA | 24 | 3.58 | ECN/raw + standard | 1988 | 3 methods | |
| 60 | — | 50 group | 1000ZA | 24 | 3.58 | ECN/raw + standard | 2019 | 5 methods | |
| 61 | 7 | — | 500ZA | 72 | 3.58 | ECN/raw + standard | 2015 | 2 methods | |
| 62 | 16 | 1000 | 100ZA | 24 | 3.5 | ECN/raw + standard | 1996 | 2 methods | |
| 63 | 8 | 500 | 500ZA | 24 | 3.38 | ECN/raw + standard | 2003 | 3 methods | |
| 64 | 7 | 100 group | 1000ZA | 96 | 3.35 | ECN/raw + standard | 2013 | 6 methods | |
| 65 | 11 | 250 | 1000ZA | 24 | 3.3 | Standard | 2015 | 4 methods · local | |
| 66 | — | 1 group | 1000ZA | 7 | 3.28 | ECN/raw + standard | 2007 | 3 methods | |
| 67 | 7 | 100 group | 500ZA | 120 | 3.22 | ECN/raw + standard | 2015 | 4 methods | |
| 68 | 18 | 50 group | 1000ZA | 24 | 3.21 | Standard | 2021 | 5 methods | |
| 69 | 10 | 50 group | 30ZA | 120 | 3.19 | Standard | 2007 | 5 methods | |
| 70 | 2 | 10 group | 400ZA | 240 | 3.04 | ECN/raw + standard | 2011 | 6 methods | |
| 71 | 12 | 100 group | 500ZA | 120 | 3.02 | ECN/raw + standard | 2010 | 2 methods | |
| 72 | — | 0 | 25ZA | — | — | — | 1998 | 2 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. Highest-leverage 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
- Funding
- Not served
- Reviews25%90
- Round-turn cost20%80
- Safety
- Payouts15%98
- Track record10%75
- Platforms65
Round turn 9 USD against the slice median 7 USD. strongest axis payouts 98 of 100. total score 4.55.
Watch forPayouts axis 58 of 100; e-wallet times not published.
2. 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
- FSCA 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
- unclear
- Instruments
- 1000+ CFDs: FX, metals, indices, shares, commodities, crypto.
- Platforms
- Funding
- Not served
Round turn 6 USD against the slice median 7 USD. strongest axis round-turn cost 95 of 100. total score 4.46.
Watch forMin deposit 200 USD, double the South Africa median of 50; withdrawal time not published.
3. FXGT — locally licensed · withdrawal in 24 h (score 4.36)
- Round turn
- 6 USD
- Withdrawal
- within 24 hours
- ZAR account
- USD, EUR, JPY and ZAR - South Africans can hold a ZAR account and avoid conversion.
- Leverage
- 5000ZA
- Licence
- 48896
- Accepts residents
- yes
- Onboarding entity
- South African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
- Founded
- 2019
- Register
- https://fxgt.com · 09.07.2026
- Group leverage
- localgroup
- Instruments
- 50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs, 50+ US share CFDs, 10+ indices, metals and energy CFDs.
- Platforms
- Funding
- Not served
Round turn 6 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.36.
Watch forOnboards South African residents through an offshore entity: no FSCA licence, no FSCA complaints route, no ZAR account.
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
Who grants the leverage figure (79 of 103)
14Local entity
29Offshore entity
36Not stated
Full list(72 of 103)
- 1CFI4.69
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 2OctaFX4.55
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 25
- Leverage
- 1000ZA
- ZAR
- Yes
- 3FP Markets4.46
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6.5
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 4HFM4.46
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0 group
- Leverage
- 2000ZA
- ZAR
- Yes
- 5FXGT4.36
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 10
- Leverage
- 5000ZA
- ZAR
- Yes
- 6Admirals4.36
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 25
- Leverage
- 500ZA
- ZAR
- Yes
- 7Mitrade4.32
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8.5
- Min deposit, USD
- 20
- Leverage
- 200ZA
- ZAR
- Yes
- 8ThinkMarkets4.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50
- Leverage
- 500ZA
- ZAR
- Yes
- 9IG Markets SA4.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7.5
- Min deposit, USD
- 50
- Leverage
- 30ZA
- ZAR
- Yes
- 10AvaTrade4.27
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100
- Leverage
- 400ZA
- ZAR
- Yes
- 11Tickmill4.27
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 100
- Leverage
- 1000ZA
- ZAR
- Yes
- 12FXCM4.26
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 4
- Leverage
- 400ZA
- ZAR
- Yes
- 13CMTrading4.24
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 300
- Leverage
- 200ZA
- ZAR
- Yes
- 14STARTRADER4.23
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 15JustMarkets4.18
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Min deposit, USD
- 10 group
- Leverage
- 3000ZA
- ZAR
- Yes
- 16CAPEX4.15
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6.5
- Min deposit, USD
- 100
- Leverage
- 300ZA
- ZAR
- Yes
- 17Grand Capital4.14
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 10
- Leverage
- 500ZA
- ZAR
- Yes
- 18Fusion Markets4.13
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4.5
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 19IG Markets4.13
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 13.6
- Min deposit, USD
- 50
- Leverage
- 20ZA
- ZAR
- Yes
- 20Markets.com4.13
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 100
- Leverage
- 300ZA
- 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
- 28Ultima Markets4
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 50 group
- Leverage
- 2000ZA
- ZAR
- Yes
- 29Trade Nation3.98
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 0 group
- Leverage
- 200ZA
- ZAR
- Yes
- 30FxPro3.98
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 31Pepperstone3.97
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 200
- Leverage
- 400ZA
- ZAR
- Yes
- 32Traders Trust3.96
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50
- Leverage
- 3000ZA
- ZAR
- Yes
- 33Khwezi Trade3.96
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4
- Min deposit, USD
- 50 group
- Leverage
- 400ZA
- 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
- 36Scope Markets SA3.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100
- Leverage
- 1000ZA
- ZAR
- Yes
- 37Hantec Markets3.9
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Min deposit, USD
- 10 group
- Leverage
- 500ZA
- ZAR
- Yes
- 38FIBO Group3.88
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 39GO Markets3.84
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 200
- Leverage
- 500ZA
- ZAR
- Yes
- 40XTB3.83
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 1
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 41ATFX3.82
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 12
- Min deposit, USD
- 500 group
- Leverage
- 400ZA
- ZAR
- Yes
- 42Orbex3.82
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 43FXChoice3.8
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 44Tradu3.8
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5.9
- Min deposit, USD
- 50 group
- Leverage
- 30ZA
- ZAR
- Yes
- 45Dukascopy3.77
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 46IronFX3.76
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 47Blueberry Markets3.75
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 48Doo Prime3.73
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 5 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 49Alpari3.71
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 3.5
- Min deposit, USD
- 30
- Leverage
- 3000ZA
- ZAR
- Yes
- 50HYCM3.71
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- ZAR
- Yes
- 51Amana Capital3.69
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50 group
- Leverage
- 100ZA
- ZAR
- Yes
- 52MultiBank Group3.68
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 15
- Min deposit, USD
- 50 group
- Leverage
- 500ZA
- ZAR
- Yes
- 53LiteFinance3.67
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 54FXOpen3.67
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 1.5
- Min deposit, USD
- 1 group
- Leverage
- 500ZA
- ZAR
- Yes
- 55Milton Prime3.61
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 300 group
- Leverage
- 500ZA
- ZAR
- Yes
- 56FXTM3.6
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 16
- Min deposit, USD
- 10
- Leverage
- 2000ZA
- ZAR
- Yes
- 57ForexMart3.59
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Min deposit, USD
- 15
- Leverage
- 500ZA
- ZAR
- Yes
- 58Skilling3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8.5
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 59Windsor Brokers3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 60Errante3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 61Fullerton Markets3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Leverage
- 500ZA
- ZAR
- Yes
- 62Swissquote3.5
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 16
- Min deposit, USD
- 1000
- Leverage
- 100ZA
- ZAR
- Yes
- 63Equiti3.38
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 500
- Leverage
- 500ZA
- ZAR
- Yes
- 64TMGM3.35
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 65NAGA3.3
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 11
- Min deposit, USD
- 250
- Leverage
- 1000ZA
- ZAR
- Yes
- 66InstaForex3.28
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 1 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 67Eightcap3.22
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- 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
- 69eToro3.19
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Min deposit, USD
- 50 group
- Leverage
- 30ZA
- ZAR
- Yes
- 70Axiory3.04
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 2
- Min deposit, USD
- 10 group
- Leverage
- 400ZA
- ZAR
- Yes
- 71ADSS3.02
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 12
- Min deposit, USD
- 100 group
- Leverage
- 500ZA
- 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
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.