10 Best Forex Brokers in South Africa with High Leverage
10 Best Forex Brokers in South Africa with High Leverage
High leverage is one of the main attractions of the foreign exchange market, allowing traders to trade larger positions with smaller amounts of capital. Higher maximum leverage ratios will allow South African traders to open larger positions in forex markets, increasing their chances of earning larger potential profit.
This is done when the broker offers a loan to the trader, requiring that the South African trader pay a margin requirement as collateral for the trade. While this tool is a trading advantage, leverage comes with increased risks.
Using a high maximum leverage ratio can result in larger losses and it can often clear out the trading account. Apart from using risk management protocols, traders are urged to use educational materials to ensure that they know how to trade using leverage and margin.
Another protective measure when trading with leverage is to ensure that the retail trading account has negative balance protection applied, protecting the investor from a negative account balance. South African brokers offer generous amounts of leverage and South African traders are not restricted from using high leverage ratios.
Therefore, we have compiled a comprehensive list that features some of the best forex brokers in South Africa that offer high leverage.
Khwezi Trade is an FSCA-regulated forex broker and authorised OTC provider headquartered in South Africa that offers leverage of 1:100 standard and up to 1:400 on request to retail and professional traders, allowing traders to open positions 100 up to 400 times larger than their initial minimum deposit.
Khwezi Trade is a reputable broker with a strict execution policy in ensuring that client orders are processed quickly with minimal slippage. As an award-winning broker, Khwezi Trade is committed to providing South African traders competitive trading conditions, tight average spreads, negative balance protection and powerful trading technology.
Well regulated by the Financial Sector Conduct Authority (FSCA) and Licensed OTC provider
Limited account currency options
Trading tutorials and other educational materials are provided
Limited funding options
Decent maximum leverage ratio offered
Individual stock trading is not supported
There is a dedicated account manager provided
Traders can trade financial instruments through MetaTrader
Traders have a choice between retail investor accounts and flexible funding options including bank transfer, credit card, debit card, and others
FBS is one of the best international online brokers that welcomes forex traders from South Africa. FBS is well known for its comprehensive trading solutions and competitive trading conditions featuring tight and competitive spreads, commission-free trading options, and access to a wide range of financial instruments.
FBS offers South African clients an impressive maximum leverage ratio of 1:3000, which means that South African clients can open positions 3000 the size of their initial investment. However, traders are urged to ensure that they apply the required risk management measures to protect their trading account against loss.
With FBS, beginner and professional traders are given access to forex pairs that include major pairs, minor pairs, exotic pairs, stock trading, cryptocurrency markets, and several other liquid markets that can be traded. In addition to supporting powerful trading platforms, FBS also offers its proprietary mobile trading app.
Ultra-low minimum deposit of $1
The cent account does not offer the lowest spreads
User-friendly trading platforms are supported
Inactivity fees are charged on dormant accounts
Offers a range of advanced trading tools and educational resources
Demo account provided
Dedicated customer services offered in several languages across
Offers a wide range of assets
Vantage FX is a large and reputable international broker that welcomes South African clients. With Vantage FX, beginner and professional traders can expect high leverage ratios up to 1:500 that can be used across a wide range of assets.
Vantage FX offers over 40 foreign exchange currency pairs spread across major currencies, minor currencies, and different exotic currencies. In addition to this, Vantage FX also offers commission-free retail trading accounts that feature competitive spreads.
Well-regulated broker with authorisation through several regulatory entities
There is a high minimum initial deposit required to start trading
Automated trading is supported
Offers a wide range of assets
Offers dedicated customer services
Offers a spread-free ECN retail trading account
Offers leverage up to 1:500
AvaTrade is one of the largest brokers that welcomes forex traders from South Africa, offering a safe and protected trading environment. AvaTrade offers comprehensive trading solutions to retail traders as well as professional South African clients who use different trading strategies.
AvaTrade offers a wide range of complex instruments spread across several asset classes, including more than 55 currency pairs, commodities, energies, precious metals, vanilla options, cryptocurrencies, and more.
AvaTrade offers the use of powerful third-party trading platforms, and it also offers a powerful proprietary trading platform on desktop and mobile trading.
Multi-award-winning and multi-regulated forex broker
Variable spreads are not offered
Offers a wide range of assets
There is a high inactivity fee applied
Supports the use of MetaTrader and offers a proprietary platform
Supports social trading platforms
Accepts any trading style and trading strategy
Offers advanced trading tools including technical analysis, fundamental analysis, and others
Blackstone Futures is a popular South African forex broker for beginners with regulation through the Financial Sector Conduct Authority (FSCA) to offer comprehensive trading solutions. Blackstone Futures is known for its competitive leverage trading conditions that consist of tight average spreads, commission-free trading options, and the advantage that South African clients do not pay deposit fees or withdrawal fees.
In addition, South African clients can expect access to high leverage ratios up to a maximum of 1:400 that can be applied to forex trading as well as CFD trading across derivative trading instruments.
Well-regulated South African broker
There is a limited selection of forex pairs that can be traded
Offers a high maximum leverage ratio
Accounts are fitted with negative balance protection
Offers ZAR base currency account options to South African traders
Supports the use of powerful trading platforms
Offers educational resources and advanced trading tools
FOREX.com is another popular option for retail forex traders in South Africa seeking competitive trading conditions and a plethora of trading opportunities. FOREX.com is a globally recognised trading provider that caters for beginner traders by offering educational tools.
More experienced traders can expect access to advanced charting, technical analysis, fundamental analysis, an economic calendar, and transparent market conditions, amongst several other benefits.
Features a proven trade execution score
The proprietary forex trading platform can prove to be complex for beginner traders
Offers a wide range of tradable financial markets
An economic calendar is provided
Provides several research reports and pivot point analysis, popular amongst experienced traders
Supports the use of MetaTrader and NinjaTrader
Well-regulated and trusted trading provider
Skilling is another high leverage broker that welcomes South African traders, offering more than 70 forex currency pairs that can be traded, spread across major currencies, minors, and exotics that can be traded with leverage up to a maximum of 1:500, with reasonable margin requirements.
In addition to this, Skilling is also known for its competitively low trading costs and trading fees, with tight average spreads that start from 0.7 pips EUR/USD. Apart from expecting transparent fee schedules, South African traders can also benefit from the fact that deposit fees, withdrawal fees, and inactivity fees are not charged.
There are no added broker fees charged
The leverage model is dynamic and subject to change
Features some of the lowest spreads in the industry
Well-regulated and trusted broker with a proven history and good reputation
High maximum leverage provided
Offers traders a trade assistant to help their trading decisions
Traders can use algorithmic trading strategies
FinmaxFX is a popular South African broker that provides retail traders access to over 60 currency pairs that can be traded. FinmaxFX provides traders with a choice between different retail investor accounts, each providing unique and flexible trading conditions to different types of traders.
FinmaxFX charges higher minimum deposits than other high leverage forex brokers, even on entry-level accounts. But these accounts are designed to provide traders unlimited access to some of the best trading conditions possible.
High maximum leverage is offered
The social trading network is underdeveloped
Well-regulated by reputable regulatory bodies
There is a high minimum deposit requirement
Offers automated trading through ZuluTrade
There are several trading bonuses offered
Traders can use different forex trading signals
Offers more than 60 tradable forex pairs
Plus500 is one of the best CFD trading brokers in the world that caters to the trading needs and objectives of South African traders. Plus500 provides access to over 2,000 tradable derivative instruments that are spread across several asset classes, including more than 70 forex currencies, including major pairs, minor pairs, and exotic pairs.
In addition to this, Plus500 offers South African forex traders access to an innovative and powerful proprietary trading platform that can be used.
Offers 24/7 multilingual and dedicated customer support
Inactivity fees are charged
Well-regulated by several regulatory entities
Offers technical analysis and several other advanced trading tools
Provides one of the best mobile apps and a powerful desktop trading application
Advance trading solutions are offered to beginner traders and professional investors
Exness is a popular name in the South African trading industry, providing some of the best and most competitive leverage trading conditions, with the benefit that South African traders can use leverage up to 1:2000.
Exness offers retail investor accounts with ultra-low minimum deposit requirements, a choice in trading platforms, and multi-currency trading account types. There is also negative balance protection applied to trading accounts, and traders can test their trading strategies using demo accounts.
Globally recognised broker with strict regulation with major regulators, ensuring the safety of client funds in segregated accounts
There is a limited selection of financial markets available
Negative balance protection is automatically applied to retail accounts
Rollover fees are not transparent
There is a high maximum leverage ratio provided
Offers a demo account and Islamic accounts for Muslim traders
Offers competitive trading conditions to professional and novice traders
Ultra-low minimum deposits charged on all account types
Depositing with a forex broker is simple. Once you have registered a live account and it has been verified, you can choose between local bank transfers, credit/debit cards, online payment solutions, crypto transfers, or online payment solutions.