Forex brokers for traders in South Africa

The local regulator is the Financial Sector Conduct Authority. Below: every broker we review, whether it lists a local licence, which common local payment methods it accepts, and how fast verified traders from South Africa were paid.

Vantage

No local licence found; served by unconfirmed entities

No common local method confirmed

Trust meter · Score building · 1 of 5 checks done

Regulation –Withdrawals –Trader reviews –Costs –Transparency 10/10

No verified local withdrawal reports yet

IC Markets

No local licence found; served by FSA Seychelles

No common local method confirmed

Trust meter · Score building · 2 of 5 checks done

Regulation 9/30Withdrawals –Trader reviews –Costs –Transparency 10/10

No verified local withdrawal reports yet

Traded from South Africa? Share your withdrawal time to help other local traders.

Frequently asked questions

Which forex brokers are regulated in South Africa?

None of the brokers we review lists a licence from the Financial Sector Conduct Authority among the entities we confirmed. Check the Financial Sector Conduct Authority's own register before you open an account.

Who regulates forex brokers in South Africa?

The Financial Sector Conduct Authority. You can check any firm on its website: https://www.fsca.co.za.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more