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Independent reviews of brokers, prop firms and trading platforms.
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Best brokers in South Africa
Our ranking of the 22 brokers we have reviewed, for traders in South Africa. Each review says whether a broker accepts you.
| # | Broker | Rating | Min. deposit | Regulated by | |
|---|---|---|---|---|---|
| $20 | CySEC, FCA, ASIC, SCA, SCB | Read reviewCapital.com | |||
65% of retail CFD accounts lose money. | |||||
| $5 | CySEC, DFSA, FSC, FSCA, FSA | Read reviewXM | |||
80% of retail CFD accounts lose money. | |||||
| $0 | FCA, KNF, CySEC, IFSC | Read reviewXTB | |||
77% of retail CFD accounts lose money. | |||||
| $0 | FCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB | Read reviewActivTrades | |||
82% of retail CFD accounts lose money. | |||||
| $100 | FCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCA | Read reviewPlus500 | |||
81% of retail CFD accounts lose money. | |||||
| # | Broker | Rating | Min. deposit | Regulated by | |
|---|---|---|---|---|---|
| $20 | CySEC, FCA, ASIC, SCA, SCB | Read reviewCapital.com | |||
65% of retail CFD accounts lose money. | |||||
| $5 | CySEC, DFSA, FSC, FSCA, FSA | Read reviewXM | |||
80% of retail CFD accounts lose money. | |||||
| $0 | FCA, KNF, CySEC, IFSC | Read reviewXTB | |||
77% of retail CFD accounts lose money. | |||||
| $0 | FCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB | Read reviewActivTrades | |||
82% of retail CFD accounts lose money. | |||||
| $100 | FCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCA | Read reviewPlus500 | |||
81% of retail CFD accounts lose money. | |||||
| # | Broker | Rating | Min. deposit | Regulated by | |
|---|---|---|---|---|---|
| $20 | CySEC, FCA, ASIC, SCA, SCB | Read reviewCapital.com | |||
65% of retail CFD accounts lose money. | |||||
| $5 | CySEC, DFSA, FSC, FSCA, FSA | Read reviewXM | |||
80% of retail CFD accounts lose money. | |||||
| $0 | FCA, KNF, CySEC, IFSC | Read reviewXTB | |||
77% of retail CFD accounts lose money. | |||||
| $0 | FCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB | Read reviewActivTrades | |||
82% of retail CFD accounts lose money. | |||||
| $100 | FCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCA | Read reviewPlus500 | |||
81% of retail CFD accounts lose money. | |||||
| # | Broker | Rating | Min. deposit | Regulated by | |
|---|---|---|---|---|---|
| $20 | CySEC, FCA, ASIC, SCA, SCB | Read reviewCapital.com | |||
65% of retail CFD accounts lose money. | |||||
| $5 | CySEC, DFSA, FSC, FSCA, FSA | Read reviewXM | |||
80% of retail CFD accounts lose money. | |||||
| $0 | FCA, KNF, CySEC, IFSC | Read reviewXTB | |||
77% of retail CFD accounts lose money. | |||||
| $0 | FCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB | Read reviewActivTrades | |||
82% of retail CFD accounts lose money. | |||||
| $100 | FCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCA | Read reviewPlus500 | |||
81% of retail CFD accounts lose money. | |||||
Free trading tools
Calculators and market tools to plan a trade before you place it.
Position size calculator
Lot size from your balance, risk and stop loss. Switch to gold mode for XAUUSD.
Indicators and platforms
Free indicators from our team, and guides to the platforms you trade on.
Indicators
Indicator guides
How the indicators work, which settings to use and how to trade them.
- Vdubus Divergence Wave Pattern Generator Tutorial and Trading Guide
- Knoxville Divergence Indicator Guide & Strategy
- How to Predict Price Movements with Linear Regression Channel?
- Visible Range Volume Profile: 101 Guide
Platforms
Platform guides
Side-by-side comparisons of MetaTrader, cTrader and TradingView.
- How To Properly Install MetaTrader 5 On Linux
- MetaTrader 5 Tips & Tricks to Make More Profits
- Top 6 MetaTrader 4 Alternatives
- MetaTrader 5 vs cTrader: Which Platform You Should Chooose
Learn to trade
2 short tracks that build on each other, plus our most-read guides.
Track 1
Price action
Find the zones where price is likely to react.
- Visible Range Volume Profile: 101 Guide
- How To Understand Demand And Supply Zones Properly
- On-balance volume: settings, strategy and real examples
Track 2
Practice
Test what you learned before you risk money.
- Best Guide On Trading Psychology
- How to Use Dollar-Cost Averaging In Crypto Trading
- Risk Management: Guide and Strategies
Compare brokers head to head
Popular matchups between brokers we have reviewed, or build your own comparison.
BrokerCheck on YouTube
Broker reviews, platform walkthroughs and trading explainers from our channel.
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About BrokerCheck
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BrokerCheck is your one-stop platform for trading and investment opportunities. Find the right broker, learn from experts and boost your trading career. With our easy-to-digest and reliable reviews, you can quickly check which broker is right for you.