Forex Broker Comparison
April 2021

Optimized for traders from South Africa

Why is a Forex broker comparison important?

The success of a trader is extremely dependent on the choice of broker. Poor trading conditions and poor service can negatively affect a trader’s performance. Every trader should therefore use our independent forex broker comparison to find the right broker. 

Minimum Deposit
US$ 20US$ 520
Payment Options
Platform
Trading Features
Negative Balance Protection
Regulation
Markets.com
4.8
Rated 4.8 out of 5
4.8 out of 5 stars (based on 4 reviews)
0.8 Points DAX Spread
$250 Min. Deposit
MetaTrader 4, MetaTrader 5, WebTrader
2200 Available Assets
Regulation: CySEC, FCA, ASIC, FSCA
Usual Leverage 1:30
73.9% of retail CFD accounts lose money
gbebrokers-logo
4.8
Rated 4.8 out of 5
4.8 out of 5 stars (based on 4 reviews)
0.8 Points DAX Spread
$500 Min. Deposit
MetaTrader 4, MetaTrader 5, WebTrader
250 Available Assets
Regulation: CySEC
Usual Leverage 1:30
70.4% of retail CFD accounts lose money
capital-com
4.7
Rated 4.7 out of 5
4.7 out of 5 stars (based on 3 reviews)
1 Points DAX Spread
$20 Min. Deposit
WebTrader
3040 Available Assets
Regulation: CySEC, FCA, NBRB
Usual Leverage 1:30
71.2% of retail CFD accounts lose money
t1markets
4.5
Rated 4.5 out of 5
4.5 out of 5 stars (based on 2 reviews)
1.5 Points DAX Spread
$250 Min. Deposit
MetaTrader 4, WebTrader
160 Available Assets
Regulation: CySEC
Usual Leverage 1:30
80% of retail CFD accounts lose money
nextmarkets
4.4
Rated 4.4 out of 5
4.4 out of 5 stars (based on 7 reviews)
1 Points DAX Spread
$100 Min. Deposit
WebTrader
8000 Available Assets
Regulation: MFSA
Usual Leverage 1:30
70.5% of retail CFD accounts lose money

Minimum Deposit

Forex broker with a low minimum deposit

Every trader has a certain amount of money, that he wants to invest or risk. Some traders require a broker with a low minimum deposit and some traders prefer a broker with a high minimum deposit. Most of the time, the minimum deposit is around 250 USD.

Trading Features

Forex broker with scalping, hedging or bonus deposit

Different trading strategies require different trading features. Some strategies rely on hedging while others need a broker who allows scalping. We have listed the most popular trading features for traders who know what they are looking for.

Trading Platform

Forex broker with MetaTrader as trading platform

Trading platforms are like cars, some prefer it fast, others like it comfortable and easy, while others want fancy features. If you know what you are looking for, feel free to use our platform filter to find the right broker. The most popular choices are either webtrader or MetaTrader

Payment Options

Forex broker that accept credit cards, bitcoin or PayPal

A basic but often overlooked feature of the broker is the available payment options. If you can’t deposit, you will never be able to trade. This is why we listed the most popular payment options. It has never been easier to find the most suitable broker with our easy to use broker comparison.

Negative Balance Protection

Forex broker with negative balance protection

Negative balance protection protects you from negative account balances, which you will have to settle. Most brokers have negative balance protection and some are even required to offer them. But it’s usually the safest best to check the “always” at the filter. With the negative balance protection, you can never lose more than you deposited.

Regulations

Forex broker regulated in Australia, EU or UK?

There are many regulations worldwide. Traders should take a look at the broker and choose a regulated broker over an unregulated broker. It is certain that traders with highly regulated brokers have better experiences than with an unregulated one. Popular regulations are for example the ASIC (Australia), FCA (UK) or CySEC (Cyprus/EU). 

Use our comparison to find the best forex broker with your local regulation!

We know how important it is to find a broker who does not only have good trading conditions but also has a local office or native service workers. In this forex broker comparison you can sort for brokers who offer local support and have your desired regulation.

FCA, CySEC, ASIC or FSCA?

Did you like our comparison?

4.8
Rated 4.8 out of 5
4.8 out of 5 stars (based on 4 reviews)
Excellent75%
Very good25%
Average0%
Poor0%
Terrible0%

What do you want to trade?

We have selected the top brokers, depending on what you want to trade the most.

Last Update: April 2021