10 Best Commodity Forex Brokers in South Africa
A well-diversified portfolio should include investments in commodities. Over the long run, commodities may help you build wealth and take advantage of the numerous new industrial sectors that are emerging throughout the world.
Listed below are South Africa’s top ten best commodities Forex brokers, each of which provides traders with a safe and secure trading environment in addition to good trading conditions.
Khwezi Trade
Forex and commodity CFD broker Khwezi Trade were established in 2013, making it an experienced player in the market.
The Financial Services Commission of South Africa (FSCA) is in charge of overseeing and regulating them.
Rather than just being a local branch of a worldwide corporation, they are distinguished as a brokerage firm with roots in South Africa.
A wide range of assets, including soft commodities, are available for trading as CFDs through Khwezi Trade.
Khwezi Trade offers trading in 60 forex currency pairs, a wide range of commodities, and the world’s leading equities indexes.
Commodities include precious metals like gold and silver which can be traded with low and stable spreads. Trade oil CFDs, namely Brent Crude, West Texas, and Natural Gas on Khwezi’s platform with the benefit of not taking ownership of the physical asset.
Khwezi Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| Trusted forex broker with regulation through the Financial Sector Conduct Authority | No crypto deposits accepted |
| Khwezi Trade is an industry-leading broker and is one of the first non-bank entity to receive OTC licensing | There are limited account base currency options |
| Khwezi Trade is an authorised FSP and ODP in South Africa | US clients are not accepted |
| Traders are provided access to powerful trading technology | |
| Competitive spreads are offered | |
| There is a decent maximum leverage ratio offered |
Khwezi features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👍 FSCA |
| 💵 Minimum deposit from | 💰 ZAR500 |
| ⚖️ Average spread from | 👉 0,6 pips |
| 📈 Commissions from | N/A |
| 💸 Deposit/Withdrawal Fees | N/A |
| ⚖️ Maximum Leverage | ⚖️. 1:400 |
| 🤑 Bonuses | 👍 30% |
| ❓ Customer Support | 🏪. 24/5 |
Tickmill
Tickmill was founded in 2014 and is regulated by some of the world’s most reputable forex regulators.
It delivers first-class goods and services to retail and professional clients throughout the globe.
Based in Seychelles, this broker has offices in the United Kingdom, Malaysia, South Africa, and Cyprus.
More than 15 awards later, Tickmill is a well-respected broker with low spreads starting at zero pips, lightning-quick trade execution averaging 20 milliseconds.
Tickmill provides world-class customer service available in over 15 languages.
Tickmill Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| Negative balance protection offered | There are no fixed spread accounts |
| FIX API, VPS, and AutoChartist offered | Crypto trading is not offered |
| Client funds are kept segregated in bank accounts with top financial institutions | A limited selection of educational tools offered |
| Investor protection is provided and Tickmill is a member of a compensation fund | |
| Multi-regulated forex broker with a high trust score | |
| Offers a range of advanced trading tools for professional traders |
Tickmill features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 FSA, FCA, CySEC, Labuan FSA, FSCA |
| 💵. Minimum deposit from | 💰 $100 / 1 600 ZAR |
| ⚖️ Average spread from | 👉 0.27 pips |
| 📈 Commissions from | 📈 No commission on Forex |
| 💸 Deposit/Withdrawal Fees | 🙅. No |
| ⚖️ Maximum Leverage | ⚖️ 1:500 |
| 🤑 Bonuses | 💰 Yes |
| ❓ Customer Support | 🏪 24/5 |
Forex.com
There are more than 140,000 retail traders using Forex.com’s trading platforms worldwide.
These traders come from countries as diverse as the United States and Canada, as well as Japan and Australia.
Depending on the type of account you have, FOREX.com provides clear pricing.
In order to meet the needs of traders with varying degrees of activity, the broker offers a variety of technological platforms.
More than 80 currency pairings, including gold and silver in the US, as well as hundreds of CFDs for non-US traders, will be available to traders, as will multiple account types.
Forex.com Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| One of the best international brokers with multi-regulations | Inactivity fees are charged |
| Offers a choice in complex instruments along with various trade sizes and instant execution | |
| Commission-free retail accounts are offered along with instant deposits and withdrawals | |
| Powerful trading tools are offered to experienced traders | |
| TradingView provided in addition to other advanced trading tools | |
| An execution scorecard is provided, ensuring a guaranteed execution policy |
Forex.com features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 CFTC, FCA, ASIC, FSA, IIROC, CIMA, SFC, MAS |
| 💵. Minimum deposit from | 💰 $100 / 1 600 ZAR |
| ⚖️ Average spread from | 👉 1.5 pips |
| 📈 Commissions from | 📈 $5 / 80 ZAR commission per 100K traded |
| 💸 Deposit/Withdrawal Fees | 🙅. Not indicated |
| ⚖️ Maximum Leverage | ⚖️ 1:50 |
| 🤑 Bonuses | 💰 Yes |
| ❓ Customer Support | 🏪 24/5 |
FXTM
Automated foreign exchange trading is offered by FXTM.
Customers of FXTM may trade currencies, CFDs, stocks, and commodities through their accounts.
FXTM provides access to over 250 different financial products.
To assist you to manage your transactions, FXTM has a wide range of useful tools available.
FXTM’s extensive library of educational materials is ideal for those just starting out in the world of currency trading.
You can find forex trading eBooks, seminars, and glossaries on this page.
The ForexTime FXTM Pivot Points Strategy is intended for more experienced traders who want to improve their trading approach.
FXTM Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| Offers more than 250 financial instruments | Inactivity fees charged on dormant accounts |
| Offers a choice between retail investment accounts | |
| Commission-free trading options are offered | |
| Requires a low minimum deposit | |
| Dedicated and multilingual customer support offered | |
| Perfect broker for beginners |
FXTM features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 CySEC, FCA, FSC, FSCA |
| 💵. Minimum deposit from | 💰 $10 / 160 ZAR |
| ⚖️ Average spread from | 👉 0.1 pips |
| 📈 Commissions from | 📈 No commission on Forex |
| 💸 Deposit/Withdrawal Fees | 🙅. Deposit fees no, withdrawal fees yes |
| ⚖️ Maximum Leverage | ⚖️ 1:2000 |
| 🤑 Bonuses | 💰 Yes |
| ❓ Customer Support | 🏪 24/5 |
Plus500
Haifa, Israel is home to Plus500, which is regulated by the Financial Conduct Authority (FCA) and CySEC respectively.
Despite the fact that CFDs are the sole traded instruments available from Plus500, these products may be used to trade stock indices and options as well as currencies, precious metals, and more recently, cryptocurrencies.
However, Plus500 is not suitable for novice traders due to its complex trading interface.
Plus500 doesn’t charge commissions for trades.
You just pay the spread between the trade price and the market price when you trade any market offered on the site.
Plus500’s straightforward strategy ensures that spreads are maintained as tight as possible, regardless of the market or instrument you’re trading.
Plus 500 Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Commission-free trading is offered across the range of assets that can be traded | Fixed spreads are not offered |
| The broker provides market news and in-depth insight into market conditions | There is an inactivity fee charged on dormant accounts |
| Offers more than 2,000 tradable instruments that can be traded using any type of trading strategy | |
| Provides a range of funding options including bank transfer, credit cards, debit cards, and others | |
| Offers flexible trading conditions and a powerful proprietary trading platform and mobile trading app |
Plus 500 features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👍 FCA, ASIC |
| 💵 Minimum deposit from | 💰 ZAR/ R1600 |
| ⚖️ Average spread from | 👉 0,8 pips |
| 📈 Commissions from | N/A |
| 💸 Deposit/Withdrawal Fees | N/A |
| ⚖️ Maximum Leverage | ⚖️. 1:300 |
| 🤑 Bonuses | 👍 25EUR / ZAR R420 |
| ❓ Customer Support | 🏪. 24/7 |
Pepperstone
Pepperstone, an Australian-based online brokerage, was established in 2010 and offers 62 currency pairs, commodities, equities, indices, currency indices, precious metals, and cryptocurrency CFDs to its clients.
Pepperstone features some of the lowest non-trading costs you’ll find anywhere, including savings for repeat traders.
This broker is unique in that it offers a wide range of platforms, including some of the most popular copy/social trading platforms.
The company has been in business for ten years and has been recognized as one of Australia’s top forex brokers as well as one of the best NDD brokers on the globe.
Pepperstone Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| Well-regulated and large international trading provider | There are no fixed spread accounts offered |
| Social trading opportunities are offered | A limited selection of tradable financial markets |
| Negative balance protection applies to retail investor accounts | |
| Offers some of the best customer service and a trusted trade execution model | |
| Supports the use of any trading style or trading strategy, ensuring the best average spread on all instruments | |
| Best broker for beginners who are just starting and offers demo accounts with virtual funding |
Pepperstone features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 FCA, ASIC, DFSA, CySEC, CMA, SCB |
| 💵. Minimum deposit from | 💰 $0 / 0 ZAR |
| ⚖️ Average spread from | 👉 0.6 pips |
| 📈 Commissions from | 📈 $3.76 / 60 ZAR per lot |
| 💸 Deposit/Withdrawal Fees | 🙅 None |
| ⚖️ Maximum Leverage | ⚖️ 1:30 |
| 🤑 Bonuses | 💰 No |
| ❓ Customer Support | 🏪 24/5 |
FP Markets
FP Markets was established in 2005.
FP Markets offers ECN trading conditions with direct market access pricing, tight spreads from 0 pips, and flexible leverage up to 1:500, all of which have been recognized with industry awards.
Over 10,000 worldwide assets are available to trade, including currency pairs, commodities, cryptocurrencies, stocks, shares, indices, metals, equities, energies, CFDs, and exchange-traded funds (ETFs). They are all available to trade on the platform.
The goal of FP Markets is to offer the best trading experience possible to all kinds of traders.
ECN pricing is guaranteed in any market situation because of the broker’s use of the newest technology.
There is a selection of powerful trading platforms to choose from, MT4, MT5, and IRESS. The ease of trading across all markets and products from a single account is a huge perk for clients.
FP Markets Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| Low forex fees | High stock CFD Fees |
| Streamlined and fast account opening process | Limited product portfolio |
| Fast processing for deposits and withdrawals |
FP Markets features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 Australian ASIC, Cypriot CySEC, SCB |
| 💵. Minimum deposit from | 💰 $100 / 1600 ZAR |
| ⚖️ Average spread from | 👉 0.5 pips |
| 📈 Commissions from | 📈 $55 monthly commission for IRESS Trader users only |
| 💸 Deposit/Withdrawal Fees | 🙅 None |
| ⚖️ Maximum Leverage | ⚖️ 1:500 |
| 🤑 Bonuses | 💰 $30 / 480 ZAR welcome bonus |
| ❓ Customer Support | 🏪 24/7 |
AvaTrade
As an award-winning trading broker with regulatory approval in six jurisdictions.
AvaTrade provides a generous selection of over 1250 trading instruments across a wide range of marketplaces and asset classes.
AvaTrade provides traders all over the world with user-friendly trading platforms and some of the best trading conditions available.
These include low fees, tight spreads, fast execution speeds, multiple account types, a variety of funding options, excellent customer support, and a host of other advantages.
AvaTrade Pros and Cons
| ✔ PROS | ❌ CONS | ||
|---|---|---|---|
| Broad range of tradable instruments | High EURUSD and inactivity fees | ||
| MetaTrader 4 and 5 available | |||
| Excellent educational resources |
AvaTrade features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 Central Bank of Ireland, MiFID, ASiC, BVI |
| 💵. Minimum deposit from | 💰 $100 |
| ⚖️ Average spread from | 👉 0.9 pips |
| 📈 Commissions from | 📈 No commission on Forex |
| 💸 Deposit/Withdrawal Fees | 🙅. None |
| ⚖️ Maximum Leverage | ⚖️ 1:400 |
| 🤑 Bonuses | 💰 First Deposit Bonus |
| ❓ Customer Support | 🏪 24/5 – multilingual |
IC Markets
IC Markets is the largest true ECN trading broker.
IC Markets offers a wide range of trading instruments on the most popular trading platforms with low spreads starting at 0.0 pips and deep liquidity provided by a wide variety of liquidity providers.
Commission-free trading accounts, a wide selection of free account funding alternatives, and great customer service are just some of the perks you’ll enjoy while working with this broker.
IC Markets is authorized to operate in a number of different jurisdictions.
IC Markets Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| Low forex fees | No Negative Account Balance Protection |
| Easy and fast account opening | Limited number of available CFDs |
| Free deposit and withdrawal |
IC Markets features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 ASIC |
| 💵. Minimum deposit from | 💰 $200 / 3200 ZAR |
| ⚖️ Average spread from | 👉 0.0 pips |
| 📈 Commissions from | 📈 None |
| 💸 Deposit/Withdrawal Fees | 🙅 None |
| ⚖️ Maximum Leverage | ⚖️ 1:500 |
| 🤑 Bonuses | 💰 Yes |
| ❓ Customer Support | 🏪 24/7 |
XTB
XTB is one of the world’s major stock exchange-listed FX and CFD brokers, offering retail traders access to a wide range of international markets.
Over 2100 products across several asset classes may be traded on their user-friendly but robust trading platforms.
This broker provides a wide range of strong trading tools.
XTB offers narrow spreads, cheap commission rates, fast trade execution speeds, a variety of account funding alternatives, educational materials, and 24-hour customer service.
In addition, they are regulated in numerous jurisdictions, which provides investors with additional protection.
XTB Pros and Cons
| ✔ Pros | ❌ Cons |
|---|---|
| Low trading fees | High stock CFDs |
| Free deposit and withdrawal | Limited asset portfolio |
XTB features
| 👉 Feature | ℹ️ Information |
|---|---|
| 👮♂️ Regulation | 👉 KNF, FCA, CySEC and IFSC |
| 💵. Minimum deposit from | 💰 $250 / 4000 ZAR |
| ⚖️ Average spread from | 👉 1.02 pips |
| 📈 Commissions from | 📈 0.08% of trade value with $8 / 128 ZAR minimum |
| 💸 Deposit/Withdrawal Fees | 🙅 $30 / 480 ZAR on withdrawals of less than $50 / 800 ZAR |
| ⚖️ Maximum Leverage | ⚖️ 1:500 |
| 🤑 Bonuses | 💰 $40 / 640 ZAR No Deposit Bonus |
| ❓ Customer Support | 🏪 24/5 |
Further Reading
10 Best Forex Brokers in South Africa with Segregated Bank Accounts
10 Best Forex Brokers in South Africa Accepting Credit Cards
10 Best Forex Brokers in South Africa Accepting Debit Cards
10 Best Scalping Forex Brokers in South Africa
10 Best Hedging Forex Brokers in South Africa
10 Best Forex Brokers with no Trading Commission in South Africa
List of 10 Best Commodity Forex brokers in South Africa
10 Best Forex brokers in South Africa with same day withdrawal
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