CFD Brokers In South Africa

CFD brokers in South Africa have gained momentum in recent years with the widespread liberalisation of online investments. This guide will cover the basics of CFDs and how they work in the South African market. Plus, we’ll show you how to navigate the vast number of CFD brokers in South Africa to find the best platform for your needs.

CFD Brokers In South Africa

Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader. Get a 30% Deposit Bonus - Get an extra 30% on top of your deposit – that’s up to $200 more to trade with.
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.
FXCC is a highly regulated and trustworthy MT4 trading broker.
An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
72% of retail CFD accounts lose money.
Deriv.com are a new brokerage, offering options and CFDs on a simple, reliable, flexible platform. Get access to volatility indexes exclusively at Deriv.
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
Open an account with just $10. Trade over 14 Cryptocurrencies directly, traditional forex with low spreads or trade digital options with payouts up to 900%.
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service. Win 1KG of Gold by trading during September!
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
72.6% of retail investor accounts lose money when trading CFDs with this provider
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses.
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Reliable and affordable trading since 2009. Join over 400,000 others trading on 300+ CFD products over assets like forex, gold, indices and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
RoboForex is a multi-asset online broker offering powerful trading aides.
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.
73% of retail accounts lose money.
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade
CMTrading is a South African-based forex & CFD broker.
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.
Axiory is a regulated forex & CFD broker offering tight spreads & leveraged trading.
Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.
This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.
Quotex offers a proprietary web platform that offers digital options and copy trading.
SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
GO Markets is an ASIC-regulated FX & CFD broker.
ThinkMarkets is a multi-regulated forex and CFD broker
71.89% of retail investor accounts lose money when trading CFDs with this provider.
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Dukascopy is a Swiss-based forex, CFD, and binary options broker
ExpertOption offer digital trading on Forex, Cryptocurrencies, commodities, indices and stocks. This high risk / high reward trading is only available to certain regions.
Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Trade on the financial markets with low cost, leveraged products at HYCM.
Binance is one of the leading online crypto exchanges offering Bitcoin.
Global Prime is a multi-regulated trading broker offering 100+ markets.
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips. With a focus on innovation and transparency, they are a growing brand.
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.
Kraken is a top crypto trading exchange offering the largest altcoins by market cap.
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing huge flexibility to suit any trader.
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
Trade the markets with MT4 trading tools alongside CySEC regulation.
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Olymp Trade Offer Fixed time trades over a huge range of markets. Established in 2014, the firm now boasts over 25k active traders each day.
LiteForex Investments Limited is a regulated Forex & CFD broker offering the MT4 & MT5 trading platforms.
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms.
FP Markets is a multi-asset broker offering a choice of trading platforms.
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Spectre.ai is a blockchain-based binary options broker
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
StormGain provides an online crypto trading platform & cloud mining tool.
Khwezi Trade is an online broker offering four live MT4 trading accounts.
LMFX offers online forex and stock trading with low fees and high leverage.
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.
Fondex is an award-winning forex and CFD broker with industry low trading costs
83.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ
Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.
ETX Capital are a London-based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services for eligible pro clients, and free guaranteed stops on the TraderPro platform. Plus, you can trade the top 250 most popular share CFDs with zero commission.
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Leading short term trading platform, offering high payouts, quick trading and a reliable service.
Show All Brokers ⇩

What Is A CFD?

A contract for difference (CFD) is an agreement between an investor and broker for the difference between the purchase and sale price of an asset. This is known as a derivative, as it involves no physical exchange of goods. Instead, the contract is based on the value of the underlying asset.

In South Africa, single-stock futures contracts have dominated the Johannesburg Stock Exchange for years, accounting for almost 80% of all contracts traded in the early 2000s. However, CFDs are increasing in popularity due to a number of factors. A key driver of growth for CFD brokers in South Africa were the restrictions from ESMA on retail CFD markets in Europe. Many European brokers expanded to South Africa to offset the lost trade. Other reasons for their popularity include the lack of expiry dates and dividend exposure.

Johannesburg Stock Exchange
Johannesburg Stock Exchange

How CFD Brokers In South Africa Work

As CFDs have grown in popularity, established brokers in South Africa now offer them on major financial markets. In fact, the best CFD brokers in South Africa offer contracts on forex, indices, commodities, and cryptocurrencies. This means CFDs are available to trade 24 hours a day.

The country’s Financial Services Board (FSB) oversees CFD and forex trading. However, it is less restrictive vs ESMA in its approach. OTC derivative brokers must be licensed with the South African Financial Sector Conduct Authority (FSCA). However, many CFD brokers in South Africa are also regulated by globally established financial bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA).

As a G20 member, South Africa has begun implementing robust new financial markets regulation. This is to promote the safe and transparent trade of over-the-counter derivatives.

How To Compare CFD Brokers In South Africa

When selecting CFD brokers in South Africa, we’d recommend considering the following key features.

Platforms

The most popular trading platforms offered by CFD brokers in South Africa include the industry-established MetaTrader 4 and MetaTrader 5. Brokers may also offer their own proprietary software. Ensure reliable tools such as technical indicators and customisable charts are available to support forecasting and price analysis. Educational materials, such as video tutorials and guides may also be offered.

We advise utilising a demo account to understand platform features and practise strategies with virtual funds before opening a live account.

Best CFD Brokers in South Africa

Mobile Applications

Mobile apps are becoming the norm for many global brokers. These allow you to keep track of price movements and manage positions while on the move. Plus, CFD brokers in South Africa with mobile applications often provide alert notifications and market sentiment reporting, accessible 24/7 while on the go.

Assets

The best CFD brokers in South Africa will offer several asset types. The most popular markets include commodities, indices, forex, or shares. Increasingly, CFDs on NASDAQ stocks are favoured by South African traders, as well as derivatives of the South African Rand and gold. Brokers offering these assets, such as Markets.com, are a good place to start. Alternatively, Plus500 offers 2000+ CFD instruments to retail clients.

Leverage

South African brokers that offer leveraged CFDs are particularly appealing. Substantial leverage and low margin requirements across a range of instruments including stocks, commodities, ETFs, and bonds provide an opportunity to maximise profits. Look out for CFD brokers in South Africa that offer flexible leverage to accommodate your risk appetite. Also, look out for the ability to reduce leverage in times of high volatility.

Fees

Many CFD brokers in South Africa do not charge a commission to enter and exit a trade. Instead, the cheapest CFD brokers will offer tight spreads. These can be fixed, however, they may vary depending on the volatility of the underlying asset. Also consider other fees such as deposit withdrawal charges, rollover rates and inactivity costs when comparing brokers. FBS, for example, offers low fees, no inactivity charges, and spreads from 0 pips.

Minimum Deposits

Minimum deposit requirements vary by broker and by account type. For inexperienced or new traders, it is best to select a broker that requires a low initial deposit. CFD brokers in South Africa are ideal for those with low capital, as the minimum requirements tend to be small. On average, minimum deposits from the cheapest CFD brokers in South Africa are approximately $100 vs thousands of dollars at some of the global ECN brokers.

Regulation

It is best practice to select a broker that is fully licensed and follows regulatory guidance. The South African Financial Sector Conduct Authority (FSCA) offers local regulation, improving the integrity of financial markets and encouraging fair services for retail clients. Check the broker’s registration number on the regulatory board’s website before opening an account.

CFD brokers in South Africa

Customer Support

For a broker to be recognised as one of the best in South Africa, customer service options must be available throughout trading hours and must operate efficiently. Many established CFD brokers in South Africa provide 24/7 help to clients to match market opening times. This can include multilingual live chatbots, email, or telephone support.

Payment Methods

A variety of payment methods can also be useful. Most brokers accept credit and debit card transactions, but some CFD brokers in South Africa also allow e-wallet and digital payments. Look out for those that provide quick and easy deposit and withdrawal options. Instant withdrawals are ideal, but 2-4 working days is acceptable. Some CFD brokers in South Africa may charge fees to deposit, so check these before funding your account.

Bonuses

Marketing promotions and joining bonuses are used heavily by CFD brokers in South Africa. However, no broker should be chosen solely because of the reward on offer. We recommend finding a reliable and trusted provider before considering their incentives. Always check the terms and conditions of any bonus before signing up.

Final Word On CFD Brokers In South Africa

CFDs continue to challenge the domination of single-stock futures on the Johannesburg Stock Exchange. So much so, that CFD brokers in South Africa have multiplied in number, responding to this increased demand. When deciding which brokerage is right for you, compare the features listed above, with a particular focus on regulation, fees and platform features.

FAQs

What Is CFD Trading In South Africa?

CFDs are derivative contracts for the difference in price between the buy and sell value of an asset. Essentially, CFDs involve speculating on whether the price of an underlying asset or security will rise or fall in a given time. The process is the same regardless of jurisdiction or broker as there is no physical exchange of goods.

What Leverage Can I Expect CFD Brokers In South Africa To Offer?

There are no leverage limits for CFD brokers in South Africa. Substantial leverage can be utilised, up to 1:1000 in some cases. Look out for brokers that offer flexibility, this will enable you to consider your risk appetite and then reduce leverage rates in times of volatility.

Yes, CFD trading is legal in South Africa. The Financial Services Board (FSB) oversees CFD and forex brokers, protecting retail traders and offering guidance. Make sure your selected broker holds an appropriate license with the FSCA or a recognised international body, such as the CySEC or the FCA.

Which CFD Brokers In South Africa Are The Best?

When looking for the best CFD brokers in South Africa, consider the platform on offer, fees, leverage and customer support. Read our guide above for a full list of considerations. We’d also recommend opening an account that is licensed with a respected global regulator.

Are CFD Brokers In South Africa Regulated?

It is best practice to choose a broker that is fully licensed to offer financial services. The South African Financial Sector Conduct Authority (FSCA) regulates the best CFD brokers in South Africa. However, those regulated by international authorities, such as the CySEC or the FCA, are also likely to be trustworthy.