Going by the concept of forex trading, the major aim of a forex trader is to enjoy low buying rates and high selling rates. Consequently, it is very important for every forex trader to be shrewd in his/her task of choosing the forex broker to partner with. { Top 10 Best Forex Brokers in South Africa 2018 }.

There are a vast number of forex brokers in the forex trading industry and many of these brokers provide services to customers without imposing commission charges on them. However, these forex brokers are wise enough to compensate themselves for this through high spreads.

In order to ease your task of finding a reliable forex broker, this article comprises some of the best forex brokers you can partner with. Importantly, all the forex brokers in this article maintain low spreads and offer quality services to clients.


  • 1. XM

XM is one of the popular online agencies specializing in forex trading. Nowadays, it is considered one of the platforms you can resort to for reliable forex trading services. Besides forex trading, XM renders brokerage services related to commodities and CFDs.

In an attempt to seek the services of forex brokers, it is always advised that you consult with reliable and authorized agencies. With regard to this, XM is a trustworthy forex broker with due registration with FSA and BaFin in order to safeguard customers’ interests. Moreover, XM adopts Metatrador as an avenue for standardized trading services aimed at meeting customers’ satisfaction.

Precisely, there are quite a few factors which classify XM as the best forex broker in South Africa and these are not restricted to the fact that it offers customers the chance to withdraw or deposit funds via convenient mediums including Credit Cards, Skrill, Western Union, WebMoney, Wire Transfer and few others. Additionally, XM is greatly admired for its receptiveness towards interested customers regardless of the smallness of their trade orders. In the estimation of its brokerage standards, XM has a total of 99.35% as trade execution efficiency coupled with the leverage ratio of 888:1.
If you would like to enjoy the premium services rendered by XM, you’re sure to evade language barriers. This comes with the help of the multilingual feature equipped with the website of XM. On this website, you’re open to a communication medium that supports a wide range of popular languages including French, English, Japanese, Russian, German, Arabic, etc.

XM Among The Top 10 Best Forex Brokers in South Africa Traders
  • 2. HotForex

HotForex is an online forex trading company headquartered in Mauritius. On the Asian continent, HotForex is ranked as one of the most auspicious forex brokers. Customers are sure to enjoy some of the best forex trading services by choosing HotForex. In case you prefer having reliable and quality brokerage services at your fingertips, then HotForex is best suited for you.

HotForex offers safe and trusted trading services under the regulation of the Financial Services Commission. With this, customers are guaranteed high-quality services as long as they comply with all implied trading rules and regulations.

HotForex provides customers with an accessible user interface mainly because they do not have to download anything in order to use its software. Besides, HotForex gives room for customers to hold a wide range of trading account types such as Premium Account and Micro Account. Although VIP and Currenex account owners are associated with spreads beginning from 0.2 pips, HotForex remains an interesting forex broker just because its customers do not bear charges for any commissions.

  • 3. is another reliable forex trading agency headquartered in Cyprus. It maintains a reputable stance within the forex trading industry and is duly registered with MiFID and CySEC. As a result of this, is authorized to carry out operations around the European Union. Another impressive attribute of is that its prestigious operations are carried out in over 12 languages, making it possible to overcome language barriers. As an award-winning forex trading agency, has a number of awards to its name with London Investor Show Forex being one of the notable awards.

  • 4. Easy-markets

Easy-markets is one of the high-profile forex brokers you can always bank on in case you desire brokerage services. Easy-markets has been on the forex trading floor for over a decade. In view of this, it realizes the need to satisfy you with wide-range services which are available in numerous countries. To signify its noteworthy presence among the leading forex brokers, Easy-markets is duly registered with numerous nations as well as the European Union. Moreover, Easy-markets enables its customers to capitalize on the global leading markets by providing them with easy-to-use trading equipment.

  • 5. Exness

Established in 2008, Exness has remained a constant forex broker since the period it was set up. Meanwhile, Exness is best suited for the customers who are interested in trading in securities such as futures and shares. Exness is associated with constant development strategies and these constitute the factors behind its stable services. Over and above this, Exness offers an excellent delivery process as well as the creative adoption of recent technological innovations in the management of its software.

  • 6. AvaTrade

Established in 2006, AvaTrade has made its mark in the business of online forex trading. Currently, it is considered one of the notable forex brokers in the forex trading industry as well as in the CFDs. AvaTrade offers efficient and high-quality online trading services to customers. Consequently, the forex broker has managed to fashion out a beautiful reputation in the forex trading industry. Every month, AvaTrade carries out millions of trading services and its business presence is largely observed in over 150 nations. AvaTrade attempts to magnify its trading bounds as it is currently regulated in numerous regions such as Europe, Australia, Japan and the British Virgin Islands.

  • 7. OctaFX

OctaFX has remained vibrant on the forex trading floor for some time. As regards this, it has found its rhythm among the stable, dependable and top-quality forex brokers you can always resort to. OctaFX is well-known across the world with constant delivery of online forex trading services to international clients who are found in over 100 countries.
OctaFX maintains its great reputation by adopting the recent technological innovations in the business of forex trading. Over and above that, the forex broker maintains a huge client base as a result of its in-depth knowledge of how clients can be offered the best services available in the forex market.

  • 8. Forex4you

Forex4you is a forex broker headquartered in the British Virgin Islands. It was established with the intent of giving many forex traders the opportunity to make the profit with little capital. Under the management of E-Global Trade & Finance Group Inc. Forex4you has proven its commitment to giving all traders (including the beginners and the experienced traders) the privilege to maintain equal trading opportunities.

That’s all on top 10 Best Forex Brokers in South Africa 2018.


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