Best Forex Brokers And Trading Platforms In Eswatini 2024

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Written By
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Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.

Explore our selection of the best forex brokers in Eswatini. The Central Bank of Eswatini (CBE) oversees forex trading in the country, formerly Swaziland, however it doesn’t actively regulate online brokers. As a result, many traders in Eswatini choose to sign up with established, global brokerages that offer excellent trading tools, low forex fees and strong regulatory credentials.

Top 5 Forex Brokers in Eswatini

We have reviewed dozens of brokers active in the country and compared crucial factors to produce our list of the best forex trading platforms in Eswatini:

  1. Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
  2. IC Markets - IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
  3. AvaTrade - AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
  4. - continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.
  5. Pepperstone - Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.

Best Forex Brokers And Trading Platforms In Eswatini 2024 Comparison

Best Forex Brokers And Trading Platforms In Eswatini 2024 Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator Visit
Vantage logo
55+ 0.0
IC Markets logo
75 0.02
$200 ASIC, CySEC, FSA Visit
AvaTrade logo
50+ 0.9
$100 ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit logo
80+ 1.2
Pepperstone logo
100+ 0.1
$0 FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
55+ 1.6
Eightcap logo
50+ 0.0
$100 ASIC, FCA, xCySEC, SCB Visit
PrimeXBT logo
45+ Variable
$0 - Visit
IQ Option logo
60+ 14 pips
$10 - Visit
IG logo
80+ 0.8
FxPro logo
70+ 1.58 pips (Ave)
$100 FCA, CySEC, FSCA, SCB, FSC Visit
FXCC logo
70+ 0.2
$0 CySEC Visit
XTB logo
70+ 1.0
Plus500 logo
60+ 0.6
67 0.70 pips (var)
$100 FCA, CySEC, ASIC, FSCA, FSC Visit

#1 - Vantage

Why We Chose Vantage

Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

- DayTrading Review Team
  • GBPUSD Spread: 0.5
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.5
  • Total Assets: 55+
  • Leverage: 1:500
  • Platforms: ProTrader, MT4, MT5, TradingView, DupliTrade

#2 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • GBPUSD Spread: 0.23
  • EURUSD Spread: 0.02
  • EURGBP Spread: 0.27
  • Total Assets: 75
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade

#3 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • GBPUSD Spread: 1.5
  • EURUSD Spread: 0.9
  • EURGBP Spread: 1.5
  • Total Assets: 50+
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

#4 -

Why We Chose

Founded in 1999, is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

" remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • GBPUSD Spread: 1.3
  • EURUSD Spread: 1.2
  • EURGBP Spread: 1.4
  • Total Assets: 80+
  • Leverage: 1:400
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

#5 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • GBPUSD Spread: 0.4
  • EURUSD Spread: 0.1
  • EURGBP Spread: 0.4
  • Total Assets: 100+
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade

How We Rate Forex Brokers In Eswaitini

We rate forex trading platforms in Eswatini by considering the following factors that we recommend you also consider:


Choosing a trusted forex broker is paramount to safeguard your trading experience.

This is especially important given the danger of forex scams, which have targeted traders in Eswatini in recent years. In one case, the Eswatini Observer reported that Emaswati lost more than E1 million to a fraudulent forex company based in South Africa but with offices in Eswatini.

The Central Bank of Eswatini is not a particularly active or well-regarded regulator. However, residents of Eswatini should still choose a forex broker regulated by another respected body. South Africa’s Financial Conduct Authority (FSCA) is a particularly attractive option given Eswatini’s close ties with the country.

Importantly, we only recommend forex brokers we trust, an assessment we make by weighing their regulatory credentials, years in the industry and reputation.

  • Vantage is highly trusted, with authorization from the FSCA, FCA and ASIC, 15+ years in the industry, and a long row of industry awards.

Currency Pairs

It pays to have access to a good selection of currency pairs, as it will help provide you with a range of trading opportunities.

Our research shows that the Swazi Lilangeni (SZL) is not traded in large volumes or widely available at online brokers. However, the ZAR, which is pegged 1:1 with the SZL, normally features on the top forex platforms and presents trading opportunities for traders in Africa.

We only recommend forex trading platforms that offer a large suite of forex assets, as well as alternative assets like stocks and commodities, helping traders build a diverse portfolio.

  • Of our top 5 forex brokers in Eswatini, Pepperstone stands out with the most currency pairs, offering over 90 assets, with several featuring the ZAR.


Selecting a forex broker with low fees is a key consideration, ensuring you won’t pay more SZL than you need to while maximizing returns.

That’s why we aim to provide a full picture of pricing by checking brokers’ average as well as minimum spreads, where possible, across popular currency pairs.

To find low-cost forex trading platforms, we also factor in any commissions, plus non-trading fees like deposit charges, which Eswatini traders may need to pay when making wire transfers to international brokerages.

  • IC Markets continues to deliver excellent pricing, notably for serious day traders with spreads from 0.0 pips on forex and and rebates up to $2.50 per lot. After trading at IC Markets using real money we’ve also found it offers a flexible environment for traders at all levels.

Forex Platforms

You need a fast, responsive platform with the right tools to effectively analyze charts and set up short-term trades.

That’s why we recommend forex brokers with user-friendly in-house software that provides strong charting packages and flexible layouts. Beginners may also want to consider a broker with social trading, allowing you to learn from and copy the positions of experienced forex traders.

We also favor firms that offer access to popular third-party platforms like MetaTrader 4 and cTrader. Not only do these offer sophisticated charting tools for intermediate and advanced traders, but they also cater to automated forex strategies.

Trading USDZAR on AvaTrade platform
AvaTrade – Web Platform
  • AvaTrade excels with its web platform that sports a modern design that we really like. It’s quick to learn and offers a fairly unique risk management feature called AvaProtect. Alternatively, forex traders have access to the ever-popular MT4 and MT5 platforms.

Payment Methods

You should look for convenient account funding, especially if you are day trading and making a large volume of trades and payments.

For forex traders in Eswatini, important considerations are fees for wire transfers if you use an international brokerage. Electronic wallets can help keep costs down here, with Wise supporting SZL transactions with a transparent, percentage fee.

Forex traders in Swaziland may also want to consider brokers with ZAR accounts to help reduce conversion fees and make managing forex trading activity straightforward.

We recommend forex trading platforms that provide a good selection of deposit and withdrawal methods that make it hassle-free to fund your forex trading account.

  • XM stands out as a good option for forex traders from Eswatini, with a strong choice of funding options, an account denominated in ZAR, plus a low deposit of $5, approximately 100 SZL.


To make our list of the best forex brokers and trading platforms in Eswatini, firms had to meet several criteria:

  • They had to accept forex traders from Eswatini.
  • They had to earn the trust of our trading experts.
  • They had to provide a good choice of currency pairs.
  • They had to have a transparent fee schedule with competitive forex spreads.
  • They had to offer strong charting platforms for short-term traders.
  • They had to provide convenient deposits and withdrawals that work in Eswatini. broker testing methodology overview


There are no legal restrictions banning forex trading, so traders in Eswatini can sign up with online brokers and trade currencies.

Who Regulates Forex Trading In Eswatini?

The Financial Regulation Department of the Central Bank of Eswatini (CBE) is the body that oversees forex trading in the country. However, it’s not widely known or particularly active, so residents may choose to sign up with a forex broker that’s regulated by South Africa’s FSCA or another respected international body.

How Much Money Do I Need To Start Forex Trading In Eswatini?

The account minimums vary between forex trading platforms in Eswatini, with some requiring an initial deposit of at least $200, around 4000 SZL, and others like Pepperstone not requiring any minimum before you can sign up for a forex trading account.

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