As a forex trader, you want to ensure that your broker is reliable and regulated. In South Africa, there are a few reliable and regulated brokers to choose from.
In this article, we are going to explore 7 brokerage companies that can guarantee your safe trading South Africa.
Let’s go through the list.
- HFM
The brokerage company HFM offers a variety of trading products, with 5 account types and 18 different trading tools to make your experience convenient. You can use the MT4 and MT5 platforms to trade with this broker, which offers complete asset security.
The company offers high-quality customer support. This is important as it makes people feel confident when they trade with the company. In addition, beginners can use the demo account to try out trading with real money. This will help them get to know the markets better and how to trade successfully.
Gladly abiding by its high-standard criteria, HFM has rightfully earned the title of best forex broker in South Africa.
- IG Markets
IG is one of the best brokerage companies that offer trading in many different countries, including South Africa. The company has licenses to offer trading in all the countries it operates in, so you can trade without worrying about any legal restrictions.
- Pepperstone
The third brokerage firm on our list is Pepperstone.
Pepperstone is a broker that operates in South Africa and offers traders cutting-edge technology to trade the world’s markets. The lowest spreads on major currency pairs are offered namely by Pepperstone, and the recommended minimum deposit to trade with the broker is $200 or equivalent.
- Exinity Limited
Exinity Limited is a CMA (Capital Markets Authority of Kenya) regulated broker that helps people trade in Forex, CFDs, and stocks and operates in South Africa. The company has been around for more than 20 years and has offices all over the world.
- IC Markets
IC Markets is a brokerage company created to help bridge the gap between retail and institutional clients. Besides low fees and a guarantee of safe trading, the broker offers educational materials for anyone who wants to improve their trading skills.
- FP Markets
FP Markets is an Australian broker that provides access to CFD trading across various assets, including forex, stocks, indices, and commodities. It has been in business since 2005 and offers tight spreads and excellent trading conditions.
FP Markets understands what traders need and strives to provide an excellent trading experience by offering a wide range of products and great customer service.
- Tickmill
The last reliable broker in South Africa on our list is Tickmill.
TickMill offers two basic types of accounts which can be accessed through the popular Metatrader 4 platform. The broker has variable spreads, high leverage, and low trading fees which makes it a good choice for traders as well.
Conclusion
As you see, there are a number of reliable and regulated forex brokers in South Africa to choose from. It is important that you do your research before selecting a broker to ensure that you select one that meets your needs. Make sure you compare the rates and read enough reviews before making a decision.
