Best Brokers with ZAR Accounts 2019

Filter Results
Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
Total 5 | Sort by :
Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
Minimum Deposit
ZAR 2000
TRADING INSTRUMENTS
  • Commodities
  • Forex
TYPE OF BROKER

Pure STP

REGULATED BY
FSCA FSCA
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 32
Account Spread From Commission Execution Min. Deposit
Basic Normal pips None STP ZAR 2000 Account Details
Standard Competative pips None STP ZAR 15000 Account Details
Premier Tight pips None STP USD 30000 Account Details
VIP Institutional pips None STP ZAR 50000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Forex
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 32
Minimum Deposit
USD 5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Bonds
TYPE OF BROKER

ECN/STP

REGULATED BY
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51
Account Spread From Commission Execution Min. Deposit
Micro 1.0 pips None Market USD 5 Account Details
Premium 1.0 pips None Market USD 100 Account Details
Auto 1.0 pips None Market USD 200 Account Details
Zero 0.0 pips $3.00 Market USD 200 Account Details
HFCopy 1.0 pips Mone Market USD 300 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Bonds
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bitcoin
  • Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51
Minimum Deposit
ZAR 1000
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
ASIC ASIC
FSCA FSCA
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
LIve 0.9 pips None Market ZAR 1000 Account Details
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Minimum Deposit
ZAR 1500
TRADING INSTRUMENTS
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
ASIC ASIC
FSCA FSCA
TRADING PLATFORMS
  • Plus500
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : Not Disclosed pips
  • Currency Pairs :
Account Spread From Commission Execution Min. Deposit
Standard 0.0 pips None Instant USD 100 Account Details
TRADING INSTRUMENTS
TRADING PLATFORMS
  • Plus500
DEPOSIT METHODS
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : Not Disclosed pips
  • Currency Pairs :
Minimum Deposit
ZAR,USD $250
TRADING INSTRUMENTS
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
DEPOSIT METHODS
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips pips
  • Currency Pairs : 49
Account Spread From Commission Execution Min. Deposit
Gold 1.3 pips None Instant Not Disclosed Account Details
Platinum 0.7 pips None Instant Not Disclosed Account Details
Silver 2.2 pips None Instant Not Disclosed Account Details
TRADING INSTRUMENTS
TRADING PLATFORMS
DEPOSIT METHODS
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips pips
  • Currency Pairs : 49

All Forex Brokers in South Africa

Why should I have a ZAR Account?

Many brokers in South Africa still only offer USD or EUR accounts. This is mainly due to a lack of ZAR liquidity providers, but also because internationally-based brokers have their costs priced in USD and do not want to take on the exchange rate risk associated with ZAR accounts.

If you do have a foreign currency account at your broker, then conversion fees or the fluctuating exchange rate can eat into your profit margin before you even start trading. International brokers will often charge a wide spread on the exchange rate from ZAR to USD and if you ask your bank or credit card company to make the currency exchange you can lose 7-10% of the value of your deposit through fees and poor fixed exchange rates.

Some traders do want to have a USD account, especially high equity traders who keep many positions open simultaneously. With this approach to trading with a ZAR account, the fluctuations in the exchange rate would impact your profit margins.

But for most traders, this is not an issue. Generally, choosing an account currency which is the same as your home currency is a good thing; you will avoid any broker conversion fees, and you will also avoid the large conversion spreads that banks charge when making a wire deposit or withdrawal. Fund transfers are also much quicker between local banks, so deposits and withdrawals can generally be made instantly or within 24 hours.

Another benefit of having a ZAR account is that your funds will be kept in a South African bank and will be accessible to you in the event of your broker going into liquidation. With a USD account at an international broker, this will not be the case: Even if your funds are kept in a segregated account, they will be kept in a segregated account in another country.

One thing to keep in mind with a ZAR account is whether your broker charges commission on trades – most ECN brokers do – and what currency the commission is charged in. If you have a ZAR account and are being charged a USD commission for every trade you make, you will be losing a small amount of every trade in currency conversion and this will add up over time. Most brokers with ZAR accounts will charge the commission at a fixed rate in ZAR but do check this first.

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

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.