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This is our list of the Forex brokers with the lowest spreads. We compared the Forex spreads and commissions across 160+ regulated Forex brokers accepting South Africans traders to create this list. We have noted which of these brokers have FSCA regulation.

The table below includes the average/typical spread for EUR/USD for the standard trading account, along with the total cost for trading 1 lot of EUR/USD on the standard account. We have also included average/typical raw spreads for all major currency pairs. For reasons of accuracy, brokers who chose not to publish their typical spreads can not be included in this list.

The data to create this list is directly from the broker websites and was last updated in November 2021. 

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Broker
Overall Rating
Visit Broker Website
EUR/USD - Standard Account
Trading Cost - Standard Account
FSCA Regulated
Trading Commission
EUR/USD (Raw)
GBP/USD (Raw)
USD/JPY (Raw)
AUD/JPY (Raw)
AUD/USD (Raw)
EUR/GBP (Raw)
EUR/JPY (Raw)
USD/CAD (Raw)
USD/CHF (Raw)
Pepperstone
4.61 /5
Read Review
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Your capital is at risk
0.69 pips
USD 6.90
From 7 USD / lot - Razor Account
0.09 pips
0.59 pips
0.25 pips
0.50 pips
0.25 pips
0.35 pips
0.34 pips
0.31 pips
0.35 pips
FXTM
4.33 /5
Read Review
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Your capital is at risk
1.50 pips
USD 15
From 4 USD / ECN Accounts
0.00 pips
0.20 pips
0.00 pips
0.70 pips
0.50 pips
0.60 pips
0.40 pips
0.30 pips
0.00 pips
IronFX
3.74 /5
Read Review
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Your capital is at risk
1.10 pips
USD 11
From USD 13.5 / lot - Zero Accounts
1.20 pips
1.30 pips
0.90 pips
4.10 pips
1.20 pips
1.00 pips
2.30 pips
1.50 pips
1.40 pips
Capital.com
4.68 /5
Read Review
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Your capital is at risk
0.60 pips
USD 6
Fees Included in Spread
0.60 pips
1.30 pips
0.80 pips
1.00 pips
0.60 pips
1.50 pips
1.40 pips
2.00 pips
1.40 pips
Tickmill
4.48 /5
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Your capital is at risk
0.00 pips
USD 4
4 USD / lot - Pro Account
0.10 pips
0.30 pips
0.10 pips
0.90 pips
0.10 pips
0.40 pips
0.50 pips
0.20 pips
0.40 pips
XTB
4.14 /5
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Your capital is at risk
1.40 pips
USD 14
Fees Included in Spread
1.40 pips
1.80 pips
1.80 pips
2.70 pips
1.70 pips
1.80 pips
1.80 pips
2.20 pips
2.00 pips
IG Markets
4.69 /5
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Your capital is at risk
0.60 pips
USD 6
Fees Included in Spread
0.85 pips
1.40 pips
0.94 pips
1.79 pips
0.82 pips
1.40 pips
1.97 pips
1.77 pips
1.99 pips
ETX Capital
4.07 /5
Read Review
Visit Broker >
Your capital is at risk
0.60 pips
USD 6
Fees Included in Spread
0.81 pips
1.58 pips
1.06 pips
2.44 pips
1.21 pips
1.40 pips
1.49 pips
2.17 pips
1.62 pips

References

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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