Top FX Brokers in South Africa 2021

Foreign Exchange or FX is a stimulating and blistering trading marketplace where futures are formed and misplaced in the blink of an eye. However, it is more famous when it is called the forex market. Well, You’ll have to work with the best FX broker, If you are willing to enter the world and industry of foreign exchange trading or investing.

A broker is said to be the top FX broker when it has some special features that other brokers do not have. In this process, you have to compare many factors from minimum deposit to spread and leverage; everything counts.

But don’t worry because we have done it for you. You merely have to read this article thoroughly:

Globex360

Globex360 is on the top of this list due to the many different features that it has and it offers to its clients (traders and investors). But according to our research, the best of them is Globex360 minimum deposit.

Globex360 is one of those few brokers that offer many amazing features with a minimum deposit of $25. Isn’t it amazing? Every broker wants its clients to pay at least 100 or 200 USD in this era, but Globex360 has shocked everyone with this rate.

Swissquote

As obvious from its name, it is a broker from Switzerland, and it is famous worldwide because of its elite services. It is a completely regulated broker by many trusted security authorities worldwide, including FCA, FINMA, MFSA, SFC, DFSA, MAS.

Primarily, it is not an FX broker, but it is a Swiss bank that works with so many big companies worldwide. It is a quite old broker (launched in 1996), so it is perfect for those brokers who prefer experienced brokers. But we do not suggest it for beginners because it always focuses on old and expert traders. But the first reason for our recommendation is its minimum deposit that is more than what you expect: $1000. Can you pay this big amount first up? 

RoboMarkets

RobotMarkets is one of the best brokers when we talk about all those brokers that are based in Cyprus. This broker only has one regulation, and that is in Cyprus, but still, many South African tarders are working with it without any problems and worries. But why are they trusting it?

Well, everyone has its different choice and decision, but according to our research, most South African investors are trusting it because:

  • It offers more than 12,000 markets to trade on.
  • You can work with it on any of these trading platforms: cTrader, MT5 and MT4.

BDSwiss

BDSwiss was first launched in 2012 in Switzerland, and it is one of those few brokers regulated in almost every top hub of FX and CFD trading. It is completely regulated by the Cyprus Securities and Exchange Commission (CySEC), the Mauritius Financial Services Authority (FSC), and Financial Services Authority (FSA) Seychelles.

Conclusion

At the end of the article, we can give you a tip: If you liked any of these brokers, don’t move forward without knowing completely about them. 

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About the Author: Abhay Choubey

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