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

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 Khweziโ€™s platform with the benefit of not taking ownership of the physical asset.

Khwezi Pros and Cons

โœ” Pros โŒ Cons
Trusted forex broker with regulation through the Financial Sector Conduct AuthorityNo crypto deposits accepted
Khwezi Trade is an industry-leading broker and is one of the first non-bank entity to receive OTC licensingThere are limited account base currency options
Khwezi Trade is an authorised FSP and ODP in South AfricaUS 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

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘ FSCA
๐Ÿ’ต Minimum deposit from๐Ÿ’ฐ ZAR500
โš–๏ธ Average spread from๐Ÿ‘‰ 0,6 pips
๐Ÿ“ˆ Commissions fromN/A
๐Ÿ’ธ Deposit/Withdrawal FeesN/A
โš–๏ธ Maximum Leverageโš–๏ธ. 1:400
๐Ÿค‘ Bonuses๐Ÿ‘ 30%
โ“ Customer Support๐Ÿช. 24/5

Tickmill

tickmill-brokers-logo

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

โœ” Pros โŒ Cons
Negative balance protection offeredThere are no fixed spread accounts
FIX API, VPS, and AutoChartist offeredCrypto trading is not offered
Client funds are kept segregated in bank accounts with top financial institutionsA 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

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ FSA, FCA, CySEC, Labuan FSA, FSCA
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $100 / 1 600 ZAR
โš–๏ธ Average spread from๐Ÿ‘‰ 0.27 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ No commission on Forex
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™…. No
โš–๏ธ Maximum Leverageโš–๏ธ 1:500
๐Ÿค‘ Bonuses๐Ÿ’ฐ Yes
โ“ Customer Support๐Ÿช 24/5

Forex.com

Forexcom-Logo

There are more than 140,000 retail traders using Forex.comโ€™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

โœ” Pros โŒ Cons
One of the best international brokers with multi-regulationsInactivity 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

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ CFTC, FCA, ASIC, FSA, IIROC, CIMA, SFC, MAS
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $100 / 1 600 ZAR
โš–๏ธ Average spread from๐Ÿ‘‰ 1.5 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ $5 / 80 ZAR commission per 100K traded
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™…. Not indicated
โš–๏ธ Maximum Leverageโš–๏ธ 1:50
๐Ÿค‘ Bonuses๐Ÿ’ฐ Yes
โ“ Customer Support๐Ÿช 24/5

FXTM

FXTM-Logo

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.

FXTMโ€™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

โœ” Pros โŒ Cons
Offers more than 250 financial instrumentsInactivity 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

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ CySEC, FCA, FSC, FSCA
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $10 / 160 ZAR
โš–๏ธ Average spread from๐Ÿ‘‰ 0.1 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ No commission on Forex
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™…. Deposit fees no, withdrawal fees yes
โš–๏ธ Maximum Leverageโš–๏ธ 1:2000
๐Ÿค‘ Bonuses๐Ÿ’ฐ Yes
โ“ Customer Support๐Ÿช 24/5

Plus500

Plus500-Logo

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 doesnโ€™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

โœ”๏ธ ProsโŒ Cons
Commission-free trading is offered across the range of assets that can be tradedFixed spreads are not offered
The broker provides market news and in-depth insight into market conditionsThere 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

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘ FCA, ASIC
๐Ÿ’ต Minimum deposit from๐Ÿ’ฐ ZAR/ R1600
โš–๏ธ Average spread from๐Ÿ‘‰ 0,8 pips
๐Ÿ“ˆ Commissions fromN/A
๐Ÿ’ธ Deposit/Withdrawal FeesN/A
โš–๏ธ Maximum Leverageโš–๏ธ. 1:300
๐Ÿค‘ Bonuses๐Ÿ‘ 25EUR / ZAR R420
โ“ Customer Support๐Ÿช. 24/7

Pepperstone

Pepperstone-Logo

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

โœ” Pros โŒ Cons
Well-regulated and large international trading providerThere are no fixed spread accounts offered
Social trading opportunities are offeredA 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

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ FCA, ASIC, DFSA, CySEC, CMA, SCB
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $0 / 0 ZAR
โš–๏ธ Average spread from๐Ÿ‘‰ 0.6 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ $3.76 / 60 ZAR per lot
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™… None
โš–๏ธ Maximum Leverageโš–๏ธ 1:30
๐Ÿค‘ Bonuses๐Ÿ’ฐ No
โ“ Customer Support๐Ÿช 24/5

FP Markets

fpmarkets-brokers-logo

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 brokerโ€™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

โœ” Pros โŒ Cons
Low forex feesHigh stock CFD Fees
Streamlined and fast account opening processLimited product portfolio
Fast processing for deposits and withdrawals

FP Markets features

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ Australian ASIC, Cypriot CySEC, SCB
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $100 / 1600 ZAR
โš–๏ธ Average spread from๐Ÿ‘‰ 0.5 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ $55 monthly commission for IRESS Trader users only
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™… None
โš–๏ธ Maximum Leverageโš–๏ธ 1:500
๐Ÿค‘ Bonuses๐Ÿ’ฐ $30 / 480 ZAR welcome bonus
โ“ Customer Support๐Ÿช 24/7

AvaTrade

Avatrade-Logo

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

โœ” PROSโŒ CONS
Broad range of tradable instrumentsHigh EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

AvaTrade features

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ Central Bank of Ireland, MiFID, ASiC, BVI
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $100
โš–๏ธ Average spread from๐Ÿ‘‰ 0.9 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ No commission on Forex
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™…. None
โš–๏ธ Maximum Leverageโš–๏ธ 1:400
๐Ÿค‘ Bonuses๐Ÿ’ฐ First Deposit Bonus
โ“ Customer Support๐Ÿช 24/5 โ€“ multilingual

IC Markets

ICMarkets-Logo

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

โœ” Pros โŒ Cons
Low forex feesNo Negative Account Balance Protection
Easy and fast account openingLimited number of available CFDs
Free deposit and withdrawal

IC Markets features

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ ASIC
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $200 / 3200 ZAR
โš–๏ธ Average spread from๐Ÿ‘‰ 0.0 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ None
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™… None
โš–๏ธ Maximum Leverageโš–๏ธ 1:500
๐Ÿค‘ Bonuses๐Ÿ’ฐ Yes
โ“ Customer Support๐Ÿช 24/7

XTB

XTB-Logo

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

โœ” Pros โŒ Cons
Low trading feesHigh stock CFDs
Free deposit and withdrawalLimited asset portfolio

XTB features

๐Ÿ‘‰ Featureโ„น๏ธ Information
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation๐Ÿ‘‰ KNF, FCA, CySEC and IFSC
๐Ÿ’ต. Minimum deposit from๐Ÿ’ฐ $250 / 4000 ZAR
โš–๏ธ Average spread from๐Ÿ‘‰ 1.02 pips
๐Ÿ“ˆ Commissions from๐Ÿ“ˆ 0.08% of trade value with $8 / 128 ZAR minimum
๐Ÿ’ธ Deposit/Withdrawal Fees๐Ÿ™… $30 / 480 ZAR on withdrawals of less than $50 / 800 ZAR
โš–๏ธ Maximum Leverageโš–๏ธ 1:500
๐Ÿค‘ Bonuses๐Ÿ’ฐ $40 / 640 ZAR No Deposit Bonus
โ“ Customer Support๐Ÿช 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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