Best Forex Brokers South Africa 2023
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck
South Africa is the southernmost country in Africa and is one of the largest, most important economies on the entire African continent.
Capital city? South Africa has three of those. Each of the country’s capital cities represents a different branch of the government; the legislative branch is based in Cape Town, the judicial branch is in Bloemfontein, and the executive branch is based in Pretoria. Its largest city, Johannesburg, is home to South Africa’s primary stock exchange, the Johannesburg Stock Exchange (JSE).
Here at BrokerNotes, we conducted extensive research and data collection on forex brokers, local regulatory agencies and stock exchanges, and South African monetary policy to create this guide to help you pick the best forex broker for trading in South Africa.
Choosing a regulated forex broker in South Africa
Whether you are an active trader with deep forex experience, or a beginner who is just getting their start in the forex world, choosing a well-regulated forex broker is crucial if you want to steer clear of forex scams. Not all regulatory licenses carry the same weight, however, and regulatory environments can vary widely from country to country.
Our Trust Score, a proprietary algorithm, ranks regulatory agencies and their respective countries into three groups, with Tier 1 indicating the most stringent (which is good) and Tier 3 the least. We collect comprehensive data on each broker, which results in a ranking from 1 to 99 of the broker’s overall trust (the higher a broker’s Trust Score, the better). Learn more about Trust Score at our sister site, ForexBrokers.com.
South Africa’s regulatory apparatus is segmented into two different systems (known as a “Twin Peaks” system). The regulation of financial market conduct (the first “Peak”) falls under the authority of the Financial Conduct Authority (FCA).
South Africa’s central bank, the South African Reserve Bank (SARB), administers the Prudential Authority (PA) – the governing authority that is responsible for regulating banks, insurance companies, financial cooperatives, financial conglomerates, and some market infrastructures (this is the second “Peak”).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Best forex brokers in South Africa
To help you find the best forex brokers, we curated a list of every broker that accepts new clients from South Africa. We conducted meticulous research on those brokers, using over 100 data-driven variables (including our proprietary Trust Score), resulting in this list of the overall best forex brokers in South Africa:
-
IG
- 9.9/10 Overall
- AvaTrade - 8.6/10 Overall
-
FXCM
- 8.5/10 Overall
- Plus500 - 8.5/10 Overall
- Tickmill - 8.0/10 Overall
- HFM - 7.8/10 Overall
- ThinkMarkets - 7.4/10 Overall
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.86 |
| All-in Cost EUR/USD - Active | 0.5957 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 33 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.92 |
| All-in Cost EUR/USD - Active | 0.61 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2006 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 4 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 1260 |
| Forex Pairs (Total) | 55 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 80 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 1.38 |
| All-in Cost EUR/USD - Active | 1.38 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 3 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 440 |
| Forex Pairs (Total) | 41 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 59 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.8 |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2008 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 4 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 2800 |
| Forex Pairs (Total) | 65 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 110 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 0.51 |
| All-in Cost EUR/USD - Active | 0.31 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2014 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 725 |
| Forex Pairs (Total) | 63 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | No |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2010 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 3500 |
| Forex Pairs (Total) | 47 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 15 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2010 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 2 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 1674 |
| Forex Pairs (Total) | 46 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 1.0 |
| All-in Cost EUR/USD - Active | 1.0 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 203 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score
| Average Spread EUR/USD - Standard | 1.6 |
| All-in Cost EUR/USD - Active | 0.8 |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2009 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 1429 |
| Forex Pairs (Total) | 55 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | No |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
South Africa’s financial markets
Forex traders may recognize the South African rand (ZAR) as South Africa’s national currency.
Forex markets and South African forex brokers are affected by the monetary policy as regulated by the SARB, which issues and manages the South African rand.
The formation of South Africa’s Johannesburg Stock Exchange (JSE) dates all the way back to the era of the South African gold rush, in 1887.
Through its long history (its oldest currently listed company was added to the exchange in 1890), the JSE has remained South Africa’s primary stock market and securities exchange, offering a variety of securities, fixed-income products, and derivatives.
Which broker is best for a ZAR account?
IG is the best broker in 2023 for residents of South Africa. IG is regulated by the FSCA and provides South African traders with a suite of excellent trading platforms, extensive market research, and award-winning mobile apps. IG simply stands apart from its competitors across multiple categories.
South African residents can open domestic accounts that allow for trading locally in South African ZAR, as well as international accounts that grant access to global markets. Traders are free to fund either the domestic or the international account (or both) after meeting IG’s minimum deposit requirement of 4,000 South African Rand (or the equivalent in supported currencies). For IG, the international account is a regulatory requirement from the South African Reserve Bank, applicable to all brokers regulated by the FSCA in South Africa.
Which broker is good for beginners in South Africa?
IG – regulated in South Africa by the FSCA – is the best broker for beginners in 2023. IG’s sleek, easy-to-use mobile apps and web trading platforms make it a breeze for new traders to get the hang of forex trading. Beginners will also discover a wealth of content to help them learn about financial markets, such as educational courses, videos, articles, podcasts, and resources like IG Community.
Which broker has the lowest spread in South Africa?
Tickmill offers the lowest effective spreads (or, lowest trading costs) out of all other FSCA-regulated brokers in South Africa. (Note: the effective spread is based on average spread data plus any added commissions).
Tickmill’s lowest spreads are found on its Pro and VIP accounts, with effective spreads for the Pro account totaling just 0.47 pips after factoring in the round-turn commission equivalent of $2 per trade (using September 2021 data for the EUR/USD).
The effective spreads on Tickmill’s VIP account were even lower, coming in at 0.27 pips for the EUR/USD, after including the $1 per-trade commission (using the same September 2021 average spread data for the EUR/USD). If you are looking for low spreads when picking your forex broker in South Africa, Tickmill will be your best bet.
What time does the forex market open in South Africa?
In a nutshell, the forex markets open in South Africa at either 10:00 pm or 11:00 pm local time, on Sunday evening, depending on whether daylight savings time (DST) is in effect in other parts of the world (South Africa does not observe DST). That being said, forex market hours are a bit more complicated than that, so we’ve included an infographic, along with a more detailed explainer below:
Generally speaking, the global forex markets are open from 9 pm Coordinated Universal Time (UTC) on Sunday, until 9 pm UTC on Friday each week.
It’s important to note that South Africa runs on South Africa Standard Time (SAST), which runs two hours ahead of UTC – though this can vary. For example, when the U.K. observes daylight savings, such as during British Summer Time (BST), SAST will run one hour ahead of UTC (UTC+1).
It might be helpful to see how South Africa’s forex market schedule compares to other major financial centers across the world. We’ll use the week of March 27th, 2022 as an example.
Let’s take a look at forex market opening times:
- Sunday, Mar 27, 2022 New York, USA (EDT) 16:00 (UTC-4) - Opens
- Sunday, Mar 27, 2022 South Africa (SAST) 22:00 (UTC+2) - Opens
- Sunday, Mar 27, 2022 London, UK (BST) 21:00 (UTC+1) - Opens
- Monday, Mar 28, 2022 Wellington, NZ (NZDT) 09:00 (UTC+13) - Opens
What time does the forex market close in South Africa?
Global forex markets are open from 9 pm Coordinated Universal Time (UTC) on Sunday, until 9 pm UTC on Friday each week. The closing time for forex markets in South Africa will be as follows, compared to other major forex trading financial centers:
- Friday, Apr 1, 2022 New York, USA (EDT) 16:00 (UTC-4) - Closes

- Friday, Apr 1, 2022 South Africa (SAST) 22:00 (UTC+2) - Closes
- Sunday, Mar 27, 2022 London, UK (BST) 21:00 (UTC+1) - Closes
- Monday, Mar 28, 2022 Wellington, NZ (NZDT) 09:00 (UTC+13) - Closes
What are the forex trading time zones?
Time Zones and DST: When it comes to forex trading time zones and market hours, it’s important to know that South Africa runs on South Africa Standard Time (SAST), which runs two hours ahead of UTC/GMT. Though as we noted earlier, this can vary.
For example, when the UK observes daylight savings, such as during British Summer Time (BST), SAST will run one hour ahead of UTC/GMT (UTC+1, or GMT+1).
What are the key forex trading sessions?
The forex markets open each week starting in Australia and New Zealand on Monday morning (9am in Wellington, or UTC+13) when it is technically still 4pm on Sunday afternoon in New York (UTC-4). As the sun rises and then moves westward, other financial centers in the Asia-Pacific region – such as Japan and Hong Kong – follow. Europe and London are next, with New York opening last as the furthest-west market – that session ends at 4pm EST.
At that point, rollover occurs. Markets are usually thin (or even paused) for up to an hour. This 24-hour cycle repeats itself each day until Friday afternoon in New York, when markets close for the weekend. It all starts over again the following week.
Pro Tip: When veteran forex traders refer to the time of day within the forex daily schedule, you’ll usually hear them grouped into four trading “sessions.” Some of these sessions overlap each other as they transition from one to the next, as can been observed in the table below (which assumes DST is in effect):
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
| Company | Accepts ZA Residents | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard | Trust Score | Tradeable Symbols (Total) | Read Review | Visit Site |
 IG
|
9.9 | ÂŁ250.00 | 0.86 | 99 | 19537 | IG Review |
Visit Site
|
|
 Saxo Bank
|
9.7 | €2,000 | 0.9 | 99 | 60000 | Saxo Bank Review | ||
 Interactive Brokers
|
9.7 | $0 | 0.6 | 99 | 8500 | Interactive Brokers Review | ||
 CMC Markets
|
9.6 | $0 | 0.51 | 99 | 12377 | CMC Markets Review | ||
 TD Ameritrade
|
9.5 | $0 | 1.25 | 99 | 0 | TD Ameritrade Review | ||
 FOREX.com
|
9.3 | $100 | 1.0 | 99 | 5500 | FOREX.com Review |
Visit Site
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|
 City Index
|
9.2 | ÂŁ100.00 | 1.0 | 99 | 13500 | City Index Review | ||
 XTB
|
9 | $0 | 1.07 | 95 | 12000 | XTB Group Review | ||
 eToro
|
8.8 | $10-$10,000 | 1 | 93 | 3458 | eToro Review | ||
 Swissquote
|
8.7 | $1000 | N/A | 99 | 466 | Swissquote Review | ||
 AvaTrade
|
8.6 | $100 | 0.92 | 93 | 1260 | AvaTrade Review | ||
 FXCM
|
8.5 | Starts from $50 | 1.38 | 96 | 440 | FXCM Review |
Visit Site
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|
 Plus500
|
8.5 | €100 | 0.8 | 98 | 2800 | Plus500 Review | ||
 Capital.com
|
8.4 | $20 | 0.65 | 85 | 3152 | Capital.com Review | ||
 XM Group
|
8.4 | $5 | 1.6 | 90 | 1429 | XM Group Review | ||
 Pepperstone
|
8.4 | $200 | 0.77 | 93 | 2342 | Pepperstone Review | ||
 OANDA
|
8.4 | $0 | 1.26 | 92 | 124 | OANDA Review | ||
 Admiral Markets
|
8.3 | $100 | 0.8 | 88 | 6942 | Admiral Markets Review | ||
 FP Markets
|
8.3 | $100 AUD | 1.2 | 86 | 10000 | FP Markets Review | ||
 IC Markets
|
8.2 | $200 | 0.62 | 86 | 3583 | IC Markets Review | ||
 Markets.com
|
8.2 | $100 | 1.9 | 98 | 2179 | Markets.com Review | ||
 FxPro
|
8.1 | $100 | 1.51 | 90 | 2249 | FxPro Review | ||
 Tickmill
|
8.0 | $100 | 0.51 | 82 | 725 | Tickmill Review | ||
 Fineco Bank
|
8.0 | $0 | N/A | 92 | 126 | Fineco Bank Review | ||
 BlackBull Markets
|
7.9 | $0 | 0.827 | 74 | 26000 | BlackBull Markets Review | ||
 DooPrime
|
7.8 | $100 | N/A | 84 | 10000 | DooPrime Review | ||
 Vantage
|
7.8 | $50 | 1.30 | 89 | 1000 | Vantage Review | ||
 BDSwiss
|
7.8 | $100-$5000 | 1.6 | 83 | 1081 | BDSwiss Review | ||
 TMGM
|
7.8 | $100 | 0.96 | 79 | 12000 | TMGM Review | ||
 HFM
|
7.8 | $0 | 1.2 | 85 | 3500 | HFM Review | ||
 FlowBank
|
7.7 | $0.00 | N/A | 77 | 408600 | FlowBank Review | ||
 HYCM (Henyep)
|
7.7 | $100 | 0.6 | 86 | 362 | HYCM Review | ||
 Trading 212
|
7.6 | EUR 10 | N/A | 77 | 1785 | Trading 212 Review | ||
 Eightcap
|
7.6 | $100 | 1.0 | 87 | 736 | Eightcap Review | ||
 Trade Nation
|
7.5 | $0 | 0.6 | 83 | 601 | Trade Nation Review | ||
 Moneta Markets
|
7.5 | $50 | 1.27 | 71 | 965 | Moneta Markets Review | ||
 ThinkMarkets
|
7.4 | $250.00 | N/A | 86 | 1674 | ThinkMarkets Review | ||
 VT Markets
|
7.4 | $200 | 1.2 | 71 | 168 | VT Markets Review | ||
 ACY Securities
|
7.4 | $50 | 1.2 | 75 | 1600 | ACY Securities Review | ||
 easyMarkets
|
7.3 | $100 | 0.9 | 84 | 199 | a href="/reviews/easymarkets">easyMarkets Review | ||
 RoboForex (RoboMarkets)
|
7.3 | $100 | 1.4 | 69 | 12000 | Roboforex (RoboMarkets) Review | ||
 IronFX
|
7.2 | $50 | 1.2 | 84 | 340 | IronFX Review | ||
 Exness
|
7.2 | $1 | 0.9 | 74 | 112 | Exness Review | ||
 Spreadex
|
7.2 | $0 | N/A | 70 | 2000 | Spreadex Review | ||
 Trade360
|
7.1 | $250 | N/A | 75 | 1062 | Trade360 Review | ||
 Axi
|
7.1 | 0 | N/A | 83 | 175 | Axitrader Review | ||
 GKFX
|
7.1 | $0 | N/A | 66 | 354 | GKFX Review | ||
 Vestle
|
7.1 | -1 | N/A | 79 | 750 | Vestle Review | ||
 OctaFX
|
7 | $25 | 0.9 | 69 | 229 | OctaFX Review | ||
 FXOpen
|
7 | $100 | N/A | 80 | 87 | FXOpen Review | ||
 TeleTrade
|
7 | $100 | N/A | 67 | 500 | Teletrade Review | ||
 FXPrimus
|
6.9 | $100 | N/A | 69 | 140 | FXPrimus Review | ||
 Forex4you
|
6.9 | $0 | N/A | 62 | 150 | Forex4you Review | ||
 LegacyFX
|
6.9 | $500 | N/A | 66 | 425 | LegacyFX Review | ||
 GBE brokers
|
6.8 | $500 | N/A | 69 | 500 | GBE Brokers Review | ||
 Alpari
|
6.8 | $20 | N/A | 67 | 105 | Alpari Review | ||
 TopFX
|
6.7 | Depends on payment method | N/A | 67 | 655 | TopFX Review | ||
 Libertex (Forex Club)
|
6.7 | $10 | N/A | 72 | 300 | Libertex Review | ||
 ATFX
|
6.6 | $500 | N/A | 70 | 150 | ATFX Review | ||
 UFX
|
6.6 | $100 | 3 | 67 | 619 | UFX Review | ||
 Xtrade
|
6.5 | $250 | N/A | 80 | 142 | Xtrade Review | ||
 Tradeo
|
6.4 | $200 | N/A | 67 | 256 | Tradeo Review |
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There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.