Trading
Compare Forex Trading in South Africa
Compare forex trading accounts available to South African clients, including spreads, commissions, margin and the risks of leverage. A forex contract is not the same as exchanging rand for a holiday or a payment.
Prices can fall and you could lose money. Charges and account conditions vary by provider. Information is not personalised advice. Information checked 28 October 2026.
Before you compare
These are derivative accounts. Leverage can magnify a loss, and a retail client can lose the margin in the account. The brand on the website is not proof of which legal entity holds the account, and no FSCA permission was checked on the register for this page. Spreads here are described as variable, so none is printed as a fixed price.
Leverage can magnify a loss. Spreads can widen, a position can be closed, and overnight financing can apply. This is not a dependable source of monthly income.
Compare providers
Each card uses the product published for this page. The provider name links to the WiT Money profile. The gold button opens the recorded website. It is not an application and it is not an order.
14 of 14 products, in provider name order. A fee that was not checked is not shown as a number, and nothing is sorted as cheapest.
- AvaTrade. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Multiple tools and asset classes
Considerations
- Spread, swaps, leverage and terms vary
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- CMTrading. No official logo is shown.
Forex and CFDs
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Locally marketed tools and education
Considerations
- Spreads and offshore contracting terms vary
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- eToro. No official logo is shown.
International multi-asset / CFDs
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Retail-oriented interface
Considerations
- Holding structure and account permissions vary
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- Exness. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Platform and execution features
Considerations
- Entity and margin rules vary by jurisdiction
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- FP Markets. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Broad instrument offerings
Considerations
- Leverage and overseas entity risks
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- FxPro. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Multiple platform choices
Considerations
- Account structures / jurisdiction vary
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- FXTM. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Forex-specific tools
Considerations
- High leverage risk; entity-specific terms
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- HFM. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- MetaTrader ecosystem; broad instruments
Considerations
- Leveraged losses and swap costs
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- IC Markets. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Advanced trading platforms
Considerations
- Offshore protections, funding restrictions
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- Pepperstone. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Execution tooling and MetaTrader
Considerations
- Commissions, swap and margins vary
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- Plus500. No official logo is shown.
CFD platform
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Simple instrument list
Considerations
- Overnight financing; derivative-only exposure
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
Webtrader offshore
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- Direct securities and derivatives offered separately
- Margin
- Depends on jurisdiction and account
Depends on jurisdiction and account
The published fee line is not treated as a confirmed current tariff.
Advantages
- Cross-asset global access; demo platform
Considerations
- Complex tax and currency handling; derivative risk
Margin, offshore custody, currency
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- Tickmill. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Multiple trading environments
Considerations
- Jurisdiction and financing charges
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
- XM. No official logo is shown.
Forex and CFD accounts
Forex trading account
Leveraged forex is a derivative. It is different from converting currency to pay for something.
- Charges
- Check the provider's current fees
- What you hold
- CFDs / rolling forex usually confer no ownership of underlying
- Margin
- Initial deposit and margin vary
Initial deposit and margin vary
The published fee line is not treated as a confirmed current tariff.
Advantages
- Education and multi-market trading
Considerations
- Overseas counterparty and leverage risk
Leverage, gap risk, liquidation, negative balance risk, counterparty
Figures checked 28 October 2026. Confirm the current tariff, minimum and legal entity with the provider. No FSCA authorisation is shown as confirmed on this card.
Not shown as a current domestic account
- IG. IG International — SA domestic accounts discontinued. Confirm any international account separately. Fees for that account are not shown here as a current South African offer.
Compare selected products
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Type your own brokerage. Product cards do not fill these fields. Leave a charge blank when you do not want it in the illustration. A blank is not a finding that the provider charges nothing.
Tax on a share transfer
The securities transfer tax rate stored on this site is 0.25%. It applies to a transfer that falls within the tax, not automatically to every ETF, fund, forex trade, crypto trade or CFD. Dividends tax, at 20% on a local dividend in the same tax file, and capital gains tax are separate from brokerage. This is not a calculation of your tax.
Regulation
An FSCA licence, where one applies, does not cover every instrument and it is not a promise that you will get your money back. The brand on a website may not be the legal entity that holds the account. Exchange membership is not the same as advice authorisation. No FSP number is printed on these cards. Check the entity on the FSCA register before you trade.
How WiT Money compares these products
Share accounts, forex contracts, crypto platforms and CFDs stay in their own lists. The fees page can show more than one instrument, and it says so when the selected rows are different products.
Nothing is sorted as cheapest or safest. The order is alphabetical. A listed name is not a recommendation. No provider is paying for a placement.
Other trading pages
Sources
Page updated 28 October 2026. A source date is the day WiT Money checked that page, not a promise the institution has not changed it since.
- Financial Sector Conduct Authority
Financial Sector Conduct Authority · checked 28 October 2026
- Securities transfer tax
South African Revenue Service · checked 28 October 2026
- Rates of tax for individuals
South African Revenue Service · checked 28 October 2026