Visit FxProcTrader brokers in South Africa
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 (13 of 103 counts · 100 brokers onboarding South African residents)
Top 3 (of 3 ranked)
cTrader brokers in South Africa (13 of 103)
| # | 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 | 6.5 | 100 | 500ZA | 72 | 4.46 | ECN/raw + standard | 2005 | 3 methods | |
| 3 | 4.5 | 0 | 500ZA | 1 | 4.13 | ECN/raw + standard | 2017 | 6 methods | |
| 4 | 7.5 | 200 | 500ZA | 24 | 4.12 | ECN/raw + standard | 2007 | 9 methods · local | |
| 5 | 7 | 100 | 200ZA | 3 | 3.98 | ECN/raw + standard | 2006 | 3 methods · local | |
| 6 | 7 | 200 | 400ZA | 24 | 3.97 | ECN/raw + standard | 2010 | 5 methods · local | |
| 7 | 6 | 0 | 500ZA | 72 | 3.92 | ECN/raw + standard | 2014 | 6 methods · local | |
| 8 | 6 | 50 | 1000ZA | 48 | 3.88 | ECN/raw + standard | 1998 | 5 methods | |
| 9 | 6 | 200 | 500ZA | 48 | 3.84 | ECN/raw + standard | 2006 | 4 methods | |
| 10 | 18 | 50 | 1000ZA | 24 | 3.67 | Standard | 2005 | 3 methods | |
| 11 | 8.5 | 100 | 500ZA | 24 | 3.58 | ECN/raw + standard | 2016 | 6 methods | |
| 12 | — | 50 group | 1000ZA | 24 | 3.58 | ECN/raw + standard | 2019 | 5 methods | |
| 13 | 2 | 10 group | 400ZA | 240 | 3.04 | ECN/raw + standard | 2011 | 6 methods |
"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.
Identical for every row, so it is stated once: Who onboards Local · FSCA · Swap-free fee none, no limit · ZAR account Yes.
1. Fusion Markets — highest score of the three · cheapest priced of the three · offshore (vfsc/seychelles) for sa client (score 4.13)
- Round turn
- 4.5 USD
- Withdrawal
- under an hour
- ZAR account
- No ZAR base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so ZAR deposits incur conversion.
- Leverage
- 500ZA
- Licence
- FSCA SD096
- Accepts residents
- through an offshore entity
- Onboarding entity
- South African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA), not a local FSCA entity.
- Founded
- 2017
- Register
- https://fusionmarkets.com/About-us/Regulations · 09.07.2026
- Group leverage
- uncleargroup
- Instruments
- 250+ instruments: 90+ forex pairs, metals, commodities, indices, share CFDs and crypto CFDs.
- Platforms
- Funding
- Not served
- Reviews25%90
- Round-turn cost20%100
- Safety10
- Payouts15%99
- Track record10%45
- Platforms70
Round turn 4.5 USD against the slice median 7 USD. strongest axis round-turn cost 100 of 100. total score 4.13.
Watch forPayouts axis 58 of 100; e-wallet times not published.
2. IC Markets — offshore for sa clients (seychelles fsa · withdrawal in 24 h (score 4.12)
- Round turn
- 7.5 USD
- Withdrawal
- within 1 working day (and typically 3-5 business days for bank transfers to be credited)
- ZAR account
- IC Markets does NOT offer a ZAR base-currency account for South Africans. Accounts are USD-denominated (among other majors), so ZAR deposits are converted to USD by the client's bank/payment provider - a ~2-3% conversion cost typically applies on funding and withdrawal. As of the review.
- Leverage
- 500ZA
- Licence
- FSCA SD018
- Accepts residents
- through an offshore entity
- Onboarding entity
- South African clients are onboarded under the OFFSHORE entity Raw Trading Ltd (Seychelles) - the 'IC Markets Global' brand - or IC Markets Ltd (Bahamas); NOT the ASIC (Australia) or CySEC (EU) entities. Confirm the exact entity on the client agreement at signup.
- Founded
- 2007
- Register
- https://icmarkets.com/company/regulation · 08.07.2026
- Group leverage
- offshore
- Instruments
- 61 forex pairs; 25 index CFDs (from 0.4 points, commission-free, 24/5); commodities (energy, agriculture, metals); cryptocurrency CFDs (leverage up to 1:200); 2,500+ share CFDs across ASX, NYSE, NASDAQ, Tokyo and European exchanges.
- Platforms
- Funding
- Not served
Round turn 7.5 USD against the slice median 7 USD. strongest axis track record 95 of 100. total score 4.12.
Watch forMin deposit 200 USD, double the South Africa median of 50; withdrawal time not published.
3. FxPro — locally licensed · withdrawal in 3 h (score 3.98)
- Round turn
- 7 USD
- Withdrawal
- within a few hours
- ZAR account
- ZAR account currency available; also USD, EUR, GBP.
- Leverage
- 200ZA
- Licence
- 45052
- Accepts residents
- yes
- Onboarding entity
- FxPro Markets Direct Costa Rica Latam SRL
- Founded
- 2006
- Register
- https://fxscouts.co.za/broker/fxpro · 09.07.2026
- Group leverage
- uncleargroup
- Instruments
- FX, indices, shares, metals, energies, crypto CFDs.
- Platforms
- Funding
- Not served
Round turn 7 USD against the slice median 7 USD. strongest axis track record 100 of 100. total score 3.98.
Watch forOnboards South African residents through an offshore entity: no FSCA licence, no FSCA complaints route, no ZAR account.
What the data shows(13 of 103 distributions · 100 brokers)
Swap-free availability (13 of 103 brokers)
Admin fee after the free period (13 of 103 swap-free)
Who onboards South African residents (13 of 103 brokers)
ZAR account (13 of 103 brokers)
Platforms the brokers run (99 of 103)
Commission per round turn, USD (72 of 103 · median 5 USD)
Full list(13 of 103)
- 1CFI4.69
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 2FP Markets4.46
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6.5
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 3Fusion Markets4.13
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 4.5
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 4IC Markets4.12
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7.5
- Min deposit, USD
- 200
- Leverage
- 500ZA
- ZAR
- Yes
- 5FxPro3.98
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 200ZA
- ZAR
- Yes
- 6Pepperstone3.97
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 200
- Leverage
- 400ZA
- ZAR
- Yes
- 7BlackBull Markets3.92
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0
- Leverage
- 500ZA
- ZAR
- Yes
- 8FIBO Group3.88
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 9GO Markets3.84
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 200
- Leverage
- 500ZA
- ZAR
- Yes
- 10LiteFinance3.67
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 18
- Min deposit, USD
- 50
- Leverage
- 1000ZA
- ZAR
- Yes
- 11Skilling3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 8.5
- Min deposit, USD
- 100
- Leverage
- 500ZA
- ZAR
- Yes
- 12Errante3.58
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Min deposit, USD
- 50 group
- Leverage
- 1000ZA
- ZAR
- Yes
- 13Axiory3.04
- Onboards
- Local · FSCA
- Swap-free
- none, no limit
- Round turn, USD
- 2
- Min deposit, USD
- 10 group
- Leverage
- 400ZA
- ZAR
- Yes
How to read this ranking
- 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 · 6 explainers)
FAQ
- How many brokers qualify for this ranking in South Africa?
- 13 of 103 brokers measured for this country qualify.
- Which broker leads it, and on what basis?
- Fusion Markets leads it with a score of 4.13. 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.
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(13 of 103 broker records)
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.