Forex brokers in South Africa are authorized and regulated by the Financial Sector Conduct Authority (FSCA).
If you want to choose a broker located in South Africa, you should therefore check with FSCA to make sure the broker is properly regulated.
Never trade with a forex broker without regulation as the risk of fraud or scams skyrockets when using an unregulated broker.
Many foreign brokers that are well-regulated in reputable jurisdictions are happy to accept South African clients.
Best Forex Brokers South Africa
Below are our top-reviewed forex brokers that accept clients from South Africa.
Pepperstone – Best South African Forex Broker 2022
Pepperstone is regulated in many jurisdictions such as the UK, Australia, Dubai, and Cyprus.
South African clients can choose which regulated entity they wish, i.e. the Australian.
Pepperstone is highly regarded among forex traders and offers 1,200 tradeable instruments through MT4, MT5, cTrader, and TradingView.
🏆 Best TradingView Broker 2022
✅ 1:30 | 1:400 leverage
✅ MT4, MT5 & cTrader
✅ 1200+ instruments
✅ Raw interbank spreads
✅ Fast 24/5 customer support
Skilling – Best Overall South African Broker 2022
Skilling is regulated and authorized by CySEC and the Seychelles FSA and accepts clients from South Africa.
Skilling offers a super user-friendly trading platform with more than 900 instruments.
In addition to the proprietary Skilling Trader platform, you can also choose to trade via MT4 and cTrader.
🏆 Best Overall Broker 2022
✅ Up to 1:500 leverage
✅ Skilling Trader, MT4 & cTrader
✅ 900+ instruments
✅ Nordic Fintech
✅ Fast 24/5 customer support
Conclusion
If you want to choose a forex broker located in South Africa, you must check with FSCA to make sure they are regulated and have the necessary permissions.
Many South African traders use brokers located and licensed in other jurisdictions such as Australia, the UK, or Cyprus.
