Ozow Brokers 2025
Ozow is a South African EFT (Electronic Funds Transfer) payment service that lets users pay directly from a bank account without a card. Brokers use it to speed up local deposits, making it popular with active traders making frequent deposits, withdrawals, and positions.
Explore DayTrading.com’s expert-curated list of the top brokers that support Ozow deposits for traders.
Best Ozow Brokers For 2025
After extensive testing, these are the 3 highest-rated trading platforms that accept Ozow deposits:
Why Are These The Top Brokers That Accept Ozow Deposits?
Here is why we think these stand out as the best Ozow brokers:
- CMTrading is the best broker accepting Ozow deposits and withdrawals in 2025 - Established in 2012, CMTrading has emerged into a popular broker with active traders, particularly in South Africa. Sporting four account options (Basic, Trader, Gold, Premium) and the popular MT4 platform alongside the broker’s own Webtrader, it provides a compelling trading environment for short-term traders.
- BDSwiss - Established in 2012, BDSwiss is an award-winning forex and CFD broker, offering over 900 instruments to clients in over 180 countries. With fresh account options, dynamic leverage and AI-powered tools added, BDSwiss offers a well-rounded day trading package.
- FreshForex - FreshForex, operated by Riston Capital Ltd, was established in 2004 and provides forex and CFD trading access to clients in over 200 countries. The company positions itself as a convenient option for new traders, with low starting deposits and a focus on affordability and frequent bonus promotions.
Compare The Best Ozow Trading Providers On Key Attributes
Use our side-by-side comparison of key features that matter to traders funding their accounts via Ozow:
| Broker | ZAR Account | Minimum Deposit | Instruments | Platforms | Leverage | Regulators |
|---|---|---|---|---|---|---|
| CMTrading | ✔ | $100 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Webtrader, MT4, TradingCentral | 1:200 | FSCA, FSA |
| BDSwiss | - | $10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | BDSwiss WebTrader, MT4, MT5, AutoChartist, TradingCentral | 1:2000 | FSC, FSA, SCA, MISA |
| FreshForex | ✔ | $10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs | MT4, MT5 | 1:2000 | SVGFSA |
How Safe Are These Ozow Brokers?
See how the leading Ozow-friendly brokerages safeguard your trading capital:
| Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
|---|---|---|---|---|
| CMTrading | ✘ | ✔ | ✔ | |
| BDSwiss | ✘ | ✔ | ✔ | |
| FreshForex | ✘ | ✘ | ✔ |
Mobile Trading Comparison
See how strong these Ozow-supporting brokers are for trading on mobile after our app tests:
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| CMTrading | iOS & Android | ✘ | ||
| BDSwiss | iOS & Android | ✘ | ||
| FreshForex | ✔ | ✘ |
Are The Top Brokers With Ozow Deposits Suitable For Beginners?
New traders should pick brokers that combine Ozow deposits with demo accounts and other beginner-friendly tools:
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
|---|---|---|---|---|---|
| CMTrading | ✔ | $100 | 0.01 Lots | ||
| BDSwiss | ✔ | $10 | 0.01 Lots | ||
| FreshForex | ✔ | $10 | 0.01 Lots |
Are The Top Brokers With Ozow Deposits Suitable For Advanced Traders?
See how these top-rated Ozow brokers cater to experienced and professional traders:
| Broker | Automated Trading | VPS | AI | Pro Account | Leverage | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| CMTrading | Expert Advisors (EAs) on MetaTrader | ✘ | ✔ | ✘ | 1:200 | ✘ | ✘ |
| BDSwiss | Expert Advisors (EAs) on MetaTrader | ✔ | ✔ | ✘ | 1:2000 | ✔ | ✘ |
| FreshForex | ✔ | ✔ | ✘ | ✘ | 1:2000 | ✘ | ✘ |
Compare The Ratings Of Top Ozow Brokers
Discover how the best Ozow brokers score in key areas based on our expert ratings:
| Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
|---|---|---|---|---|---|---|---|---|---|
| CMTrading | |||||||||
| BDSwiss | |||||||||
| FreshForex |
Compare Trading Fees
Even if deposits via Ozow are cheap or free, trading fees matter – here’s how the leading providers compare on pricing:
| Broker | Cost Rating | Fixed Spreads | Inactivity Fee |
|---|---|---|---|
| CMTrading | ✘ | $15 | |
| BDSwiss | ✘ | $30 | |
| FreshForex | ✔ | $0 |
How Popular Are These Ozow Trading Providers?
Many traders prefer the most widely used brokers with Ozow deposits, i.e. those with the largest user bases:
| Broker | Popularity |
|---|---|
| BDSwiss | |
| CMTrading | |
| FreshForex |
Why Choose CMTrading For Ozow Deposits?
"CMTrading is well suited to traders in South Africa looking for highly leveraged trading opportunities on global financial markets through a user-friendly, web-accessible platform, with signals from reputable providers to help inform short-term trading decisions."
CMTrading Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | FSCA, FSA |
| Platforms | Webtrader, MT4, TradingCentral |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:200 |
| Account Currencies | USD, EUR, ZAR |
Pros
- CMTrading operates under the oversight of the FSCA in South Africa, providing degree of operational security and accountability, ensuring the platform follows industry standards.
- Multiple account options, including Basic, Trader, Gold, and Premium, cater to short-term traders with different needs and budgets. These accounts provide tighter spreads, trading signals, and discounts for higher-tier users.
- The CMTrading Academy has come a long way, offering a wealth of materials for traders at all levels. Video courses, webinars, and market analysis updates can help users deepen their knowledge.
Cons
- Spreads are higher than those offered by some competing brokers like IC Markets based on evaluations. This could increase trading costs, particularly for high-volume day traders.
- While CMTrading offers a variety of assets, the overall selection is still significantly narrower than that of category leading brokers like BlackBull. The focus is primarily on forex, commodities, a few indices, and crypto.
- CMTrading's customer support is unavailable around the clock, which proved inconvenient during testing for traders in different time zones or those who encounter issues during non-business hours.
Why Choose BDSwiss For Ozow Deposits?
"BDSwiss will suit day traders in search of fast execution, with 68.3ms median execution speeds, dynamic leverage up to 1:2000, and powerful charting tools. The catch is the dwindling regulatory oversight in recent years. "
BDSwiss Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | FSC, FSA, SCA, MISA |
| Platforms | BDSwiss WebTrader, MT4, MT5, AutoChartist, TradingCentral |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR, GBP |
Pros
- BDSwiss offers fast and reliable execution, with median execution speeds of 68.3ms, no requotoes or rejections, and 74.8% zero or positive slippage during our latest evaluations.
- With support for MT4, MT5, and its own app, BDSwiss ensures its platforms offer advanced charting tools, Autochartist and Trading Central integration, and seamless mobile access.
- BDSwiss had made strides to enhance its trading services, notably through its AI-enabled trend analysis tool added in 2021, plus a low spread account and dynamic leverage up to 1:2000 introduced in 2023.
Cons
- After surrendering its CySEC (Cyprus) and FCA (UK) licenses, BDSwiss no longer accepts clients from the EU and UK. This limits its access to traders in highly regulated markets, reducing its appeal in those regions where stringent oversight might be a priority for users.
- While the growing 900+ asset range is solid, specific categories, like cryptocurrencies and stocks, have fewer options than brokers offering thousands of shares or a more diverse crypto portfolio. Advanced traders looking for niche assets might feel constrained.
- The BDSwiss WebTrader lacks customization, with no window resizing and no asset-specific filters for trading ideas, making for a limiting and frustrating user experience during testing.
Why Choose FreshForex For Ozow Deposits?
"FreshForex is an obvious fit for experienced day traders looking for very high leverage of 1:1000+, especially paired with the ECN account where spreads start from 0.0 and commissions at $1.90. "
FreshForex Quick Facts
| Bonus Offer | $50 No Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs |
| Regulator | SVGFSA |
| Platforms | MT4, MT5 |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR, ZAR, MYR, NGN |
Pros
- Active traders benefit from access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both of which offer advanced charting capabilities, technical indicators, and algorithmic trading features.
- FreshForex has invested in its research tools to inform clients' trading decisions, with forex calculators, market forecasts and analytics, plus a VPS for serious day traders looking to run hands-off strategies.
- FreshForex’s accessible minimum deposit, starting from just $10, lowers the barrier to entry for new traders and those with smaller budgets. This affordability, combined with demo accounts, encourages learning without significant financial risk.
Cons
- FreshForex relies solely on the MT4 and MT5 platforms and does not offer proprietary trading software or support for popular alternatives, such as cTrader and TradingView, that we're increasingly seeing other brokers integrate. This limits options for day traders who prefer more modern, user-friendly interfaces or enhanced charting and social trading features.
- FreshForex's customer support performed below-average during testing, with particularly hard to reach agents on live chat during market hours, posing challenges for day traders needing urgent support.
- While ECN accounts offer competitive, tight spreads, the spreads on Classic and Market Pro accounts tend to be higher than those provided by the cheapest brokers we've used, increasing costs for high-frequency traders or scalpers.
How Did We Choose The Top Ozow Trading Brokers?
To identify the best Ozow brokers, we:
- Filtered our database of 229 trading platforms to find those that support Ozow deposits.
- Verified Ozow deposit and withdrawal functionality directly with each broker.
- Assessed every platform against 200+ factors, including funding speed, overall costs, and trading tools.
- Favored brokers regulated by trusted authorities such as the FSCA in South Africa.
What Is Ozow?
Ozow is an Electronic Funds Transfer payment service in South Africa that facilitates payments directly from bank accounts so you don’t need a card. Trading brokers use it to provide faster deposits for traders local to South Africa.
- Launched in 2014 under the name ‘i-Pay’ as a simple bank-to-bank payment tool for South African users.
- Rebranded to Ozow in 2019 to push wider merchant adoption and cleaner API tools.
- Grew quickly through partnerships with major SA banks and payment platforms, which helped it become a common checkout option.
- Expanded its product set into automated payments, QR options, and API-driven checkout flows as more companies started using it.
What To Look For In An Ozow-Friendly Broker
When a broker says ‘we accept Ozow’, don’t stop there. Here’s what you need to look closely at:
Trust & Regulation
Make sure the broker is regulated (for instance by the Financial Sector Conduct Authority in South Africa or other trusted bodies according to DayTrading.com’s Regulation & Trust Rating) and that they clearly list Ozow as a deposit/withdrawal method.
If Ozow appears as a deposit-only method, check how withdrawals work.
Markets Available
The broker should offer the markets you want. For South African traders, this could be forex pairs containing the ZAR, indices like the FTSE/JSE All-Share Index, or commodities such as platinum and palladium, as South Africa has one of the world’s largest reserves of these metals.
If the broker’s market list is too narrow, you may be trapped with slow or illiquid trades, which can negatively impact short-term trading strategies.
Trading Tools & Execution
Day trading demands tight spreads, fast execution, clear margin rules, and stability. Ozow handles payments, but if the broker’s platform is laggy or the routing is poor, the deposit method matters less.
Support & Funding Process
Contact the broker before you place your first deposit. Ask: “What’s the process for Ozow deposits?” “How long to clear funds?” “Are there any fees?” If support stalls or gives vague answers, that’s a red flag.
How Much Does It Cost To Fund A Trading Account With Ozow?
Ozow is designed for near instant EFT payments via South African banks. The cost side looks like this:
- The Ozow payment itself often has no signup or monthly fee for merchants in many cases.
- On the brokerage side, it depends: some brokers charge currency conversion fees if your trading account is not in ZAR. Others may pass on bank or platform fees.
- Always check the broker’s deposit page under ‘Ozow’ and note any minimums, transaction charges, or special conditions (like only South African bank accounts accepted).
How Fast Is Ozow For Trading Deposits?
Since day traders rely on speed, this is key:
- Ozow works with local banks in South Africa to facilitate ‘instant’ EFT (bank-to-bank) payments.
- Often, deposits appear almost immediately (within minutes) after you complete the steps. e.g., a broker’s guide says, “Give a minute and payment will reflect.”
- If the broker still applies manual review/verification after the payment hits Ozow, the speed advantage can vanish. So check the broker’s ‘funding clearance’ process.
How To Deposit Using Ozow
Here’s how it typically works with a broker that supports it:
- Log in to your broker account and go to Deposit.
- Select ‘Ozow’ as the payment method.
- Enter the amount (often in ZAR if you’re funding from South Africa) and your bank.
- You’ll be redirected to Ozow’s interface: log in via your bank, and authorize the transfer.
- Once confirmed, go back to the broker’s dashboard and watch for the funds to hit your trading account.
If you’re outside South Africa or your trading account is denominated in another currency, ask in advance how conversions and funding work.
Pros & Cons Of Using Ozow For Trading
Pros
- Very fast for South African bank accounts (important for day trading).
- Easier than wire transfers in many cases, since you’re essentially using the local bank payment flow.
- Low setup friction (no bank card needed) for the deposit side.
Cons
- If you’re outside South Africa or have a non-ZAR account, you may face currency conversion and extra fees.
- Withdrawal via Ozow may not be supported by all brokers, even if deposits are allowed. Always check.
- If the broker’s internal processes (approval, verification) are slow, deposit speed may not help you.
Other Points Day Traders Should Consider
- Base currency: If your trading account is USD or EUR but you fund in ZAR, you may incur conversion costs.
- Withdrawal method: If you deposit through Ozow, check if you can withdraw via Ozow. If not, you may end up with a slower wire.
- Deposit limits: Check if there are maximums per transaction/day for Ozow deposits. Some brokers may restrict funding size.
- Backup funding method: Because you’re day trading, keep an alternative ready (debit card or e-wallet) in case Ozow or the broker’s processing slows unexpectedly.
Is Ozow Good For Day Trading?
Ozow is a strong option for funding day trading accounts when your circumstances align: a South African bank account, ZAR funding, and a broker that supports fast deposits and clean withdrawals.
It won’t solve slow execution or poor broker practices, so the funding method is just one piece of your trading setup. Test it, time it, compare fees t- hen decide if it’s right for you.