10 Best Nasdaq 100 Forex Brokers in South Africa

The NASDAQ is an American stock market run and managed by NASDAQ Inc., which is a lucrative index for traders to enter.

You may trade NASDAQ CFDs online with one of the finest NASDAQ 100 Forex Brokers in South Africa on this list.

Brokers offering online platforms to trade Nasdaq and forex must have a FAIS licence and an ODP licence (or a pending application with the FSCA) to operate within the South African borders. It is a criminal offence to operate in South Africa providing Financial Services of any sort without being regulated by the FSCA.

Khwezi Trade

khwezi trade image

If you’re looking for a recognized and regulated South African brokerage firm, Khwezi Trade is the right choice.

Khwezi Trade, a division of Khwezi Financial Services (Pty), is the first South African-owned forex platform to be awarded the OTC licence by the FSCA.

Khwezi Trade has ZAR-based trading accounts. The South African broker provides outstanding trading conditions, devoted customer service, and a wide range of free deposit and withdrawal alternatives to its customers.

Khwezi Trade has four different account tiers: Silver, Gold, Platinum, and Diamond. Each tier has its own set of features and benefits. Each of these accounts has its own unique features and perks, making them ideal for traders of all skill levels and trading styles.

If you are a South African trader looking for a local broker with local regulation, local offices, local support, and a local bank, Khwezi Trade is worth your consideration.

Khwezi Trade Pros and Cons


✔ Pros ❌ 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 Trade features


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👍 FSCA
đŸ’ĩ Minimum deposit from💰 ZAR500
⚖ī¸ Average spread from👉 0,6 pips
📈 Commissions fromN/A
💸 Deposit/Withdrawal FeesN/A
⚖ī¸ Maximum Leverage⚖ī¸. 1:400
🤑 Bonuses👍 30%
❓ Customer SupportđŸĒ. 24/5

AvaTrade

Avatrade-Logo

Forex/CFD broker AvaTrade, which was founded in 2006 and has its administrative headquarters in Dublin, Ireland, has a long history.

AvaTrade was one of the first big retail Forex/CFD brokers, therefore it has a long track record.

There are a variety of cutting-edge platforms available at AvaTrade, including MT4 and MT5, WebTrader, AvaOptions, and the Award-winning AvaTradeGO mobile app.

AvaProtectTM, a unique risk management tool, provides you with the safest approach to trade.

Clients of AvaTrade may choose from a wide range of popular worldwide instruments.

Avatrade Pros and Cons


✔ PROS❌ CONS
Broad range of tradable instrumentsHigh EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

Avatrade features


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 Central Bank of Ireland, MiFID, ASiC, BVI
đŸ’ĩ. Minimum deposit from💰 $100
⚖ī¸ Average spread from👉 0.9 pips
📈 Commissions from📈 No commission on Forex
💸 Deposit/Withdrawal Fees🙅. None
⚖ī¸ Maximum Leverage⚖ī¸ 1:400
🤑 Bonuses💰 First Deposit Bonus
❓ Customer SupportđŸĒ 24/5 – multilingual

XTB

XTB-Logo

XTB was founded in 2002 and is now one of the largest stock exchange-listed brokers in the world, according to its website. It is well-known for its thorough research, openness, and promptness in completing orders.

All of XTB’s marketplaces and tradable assets may be traded at low rates.

Tradable assets include FX trading, commodities, stocks, ETFs and cryptocurrency pairings. XTB is strictly regulated by the main financial institutions such as the Financial Conduct Authority (FCA).

Because XTB has two platforms, it’s compatible with just about every computer or mobile device.

Many international awards have recognized XTB for cheap costs and speedy order execution.

XTB Pros and Cons


✔ Pros ❌ Cons
Low trading feesHigh stock CFDs
Free deposit and withdrawalLimited asset portfolio

XTB features


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 KNF, FCA, CySEC and IFSC
đŸ’ĩ. Minimum deposit from💰 $250 / 4000 ZAR
⚖ī¸ 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
⚖ī¸ Maximum Leverage⚖ī¸ 1:500
🤑 Bonuses💰 $40 / 640 ZAR No Deposit Bonus
❓ Customer SupportđŸĒ 24/5

Forex.com

Forexcom-Logo

With Forex.com, you may trade a wide range of financial instruments, such as currencies, commodities and stocks.

In addition to being governed by numerous jurisdictions, the US-based organization conducts business in an open and secure manner.

Forex.com is one of the world’s most popular trading platforms for currencies and other assets.

Excellent security measures are in place to safeguard your money at the registered brokerage.

Over 80 currency pairings, precious metals, futures, and options are supported by Forex.com.

Forex.com Pros and Cons


✔ Pros ❌ 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


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 CFTC, FCA, ASIC, FSA, IIROC, CIMA, SFC, MAS
đŸ’ĩ. Minimum deposit from💰 $100 / 1 600 ZAR
⚖ī¸ Average spread from👉 1.5 pips
📈 Commissions from📈 $5 / 80 ZAR commission per 100K traded
💸 Deposit/Withdrawal Fees🙅. Not indicated
⚖ī¸ Maximum Leverage⚖ī¸ 1:50
🤑 Bonuses💰 Yes
❓ Customer SupportđŸĒ 24/5

OctaFX

OctaFX-Logo

OctaFX, a STP broker with headquarters in Saint Vincent and the Grenadines,

OctaFX was established in 2011 and services traders from more than 100 countries.

In addition to the Financial Services Authority of St Vincent and the Grenadines, the Cyprus Securities and Exchange Commission (CySEC) oversees OctaFX’s business activities.

It is possible to open an OctaFX trading account with a minimum deposit of 25 USD, although OctaFX suggests that traders deposit at least 100 USD.

OctaFX provides for hedging, scalping, and copy trading, all in a matter of tenths of a second.

Those who adhere to Islam may also open Islamic bank accounts.

OctaFX Pros and Cons


✔ Pros ❌ Cons
More than 30 forex pairs availableNo Forex educational tools
Well-regulatedNo VPS available
Ultra-fast execution

OctaFX features


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 CySEC
đŸ’ĩ. Minimum deposit from💰 $100 / 1600 ZAR
⚖ī¸ Average spread from👉 0.7 pips
📈 Commissions from📈 None
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:500
🤑 Bonuses💰 50% Deposit bonus
❓ Customer SupportđŸĒ 24/5

/head

FXTM-Logo

By being a top broker in frontier and emerging markets, FXTM has made a name for itself in the industry.

Users benefit from an improved trading interface, proprietary copy-trading services and high-quality educational resources. As far as commission-based pricing is concerned, FXTM is among the finest in the business.

As of now, there are 1,227 equity CFDs and 420 US-listed stocks in FXTM’s portfolio, with 63 currency pairings and 0 cryptocurrency pairs.

The selection of commodities, including index CFDs, is restricted, but the entire selection of trading instruments is quite competitive.

High-frequency traders and scalpers will find FXTM an excellent broker. Emerging and frontier market traders have come to rely on it as a market leader.

FXTM Pros and Cons


✔ Pros ❌ 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


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 CySEC, FCA, FSC, FSCA
đŸ’ĩ. Minimum deposit from💰 $10 / 160 ZAR
⚖ī¸ Average spread from👉 0.1 pips
📈 Commissions from📈 No commission on Forex
💸 Deposit/Withdrawal Fees🙅. Deposit fees no, withdrawal fees yes
⚖ī¸ Maximum Leverage⚖ī¸ 1:2000
🤑 Bonuses💰 Yes
❓ Customer SupportđŸĒ 24/5

GO Markets

Go Markets-Logo

GO Markets was established in 2006.

GO Markets is a registered broker that offers over 600 trading products, including Forex, Share CFDs, Indices, Metals, and Commodities, all from one account.

They provide trading platforms that are both strong and user-friendly, as well as a wealth of trading resources and a comprehensive instructional center.

The trading conditions at Go Markets are extremely competitive, featuring narrow spreads, cheap fees, and swift transaction execution speeds at the best prices currently available.

A wide range of deposit and withdrawal methods are available, as well as 24/5 customer service.

GO Markets Pros and Cons


✔ Pros ❌ Cons
Low trading feesLimited account options
Ultra-fast execution
Advanced analytical tools
Low minimum deposit

GO Markets features


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 ASIC
đŸ’ĩ. Minimum deposit from💰 $1 / 16 ZAR
⚖ī¸ Average spread from👉 0.0 pips
📈 Commissions from📈 None
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:500
🤑 Bonuses💰 30% Deposit bonus
❓ Customer SupportđŸĒ 24/5

Exness

Exness-Logo

Exness is regulated by the Financial Services Authority (FSA) of Seychelles and the Financial Sector Conduct Authority (FSCA) of South Africa, Exness is licensed to operate.

Users can use the broker’s unique online trader interface or MetaTrader 4/MetaTrader 5.

Trade on more than 200 financial CFD products, including forex, shares, indices, energies, metals, and cryptocurrencies.

Virtual Private Server (VPS), social trading, trade calculators, and Tick History downloads are only some of the additional trading options offered by the firm.

With that said, the research and educational materials are likewise filled with excellent information.

Exness Pros and Cons


✔ī¸ Pros❌ Cons
Comprehensive trading solutions are offered along with competitive trading conditionsThe rollover fees which are charged are not transparent
Offers flexible maximum leverage levels which are suited to any high volume trader who needs flexibility on trade sizesThe variable average spreads are wider than that of other forex brokers
Supports powerful trading platforms with robust charting capabilities, technical indicators, an economic calendar, and moreThere is a limited range of trading instruments offered
Provides access to VPS to eligible professional traders
Exness is one of the largest forex brokers in terms of trading volumes, trading solutions, and customer base

Exness features


👉 Featureℹī¸. Information
👮‍♂ī¸ Regulation👍 CySEC
đŸ’ĩ Minimum deposit from💰 $10 / ZAR R160
⚖ī¸ Average spread from👉 0.0
📈 Commissions from📈 ‎$0.1 / ZAR R1.60 to $3.50 / ZAR R56.00
💸 Deposit/Withdrawal Fees🤷 Variable depending on method
⚖ī¸. Maximum Leverage⚖ī¸. 1:2000
🤑. Bonuses💰. 10% of Deposit Bonus
❓ Customer SupportđŸĒ. 24/7

FPMarkets-Logo

FP Markets is a well-established CFD and FX broker.

Raw, tight spreads of 0.0 pips are available on over 10,000 CFD items.

Customers may take advantage of a vast liquidity pool of licensed financial institutions by using the broker’s raw pricing, which it receives directly from its top-tier liquidity suppliers.

FP Markets Pros and Cons


✔ Pros ❌ Cons
Low forex feesHigh stock CFD Fees
Streamlined and fast account opening processLimited product portfolio
Fast processing for deposits and withdrawals

FP Markets features


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 Australian ASIC, Cypriot CySEC, SCB
đŸ’ĩ. Minimum deposit from💰 $100 / 1600 ZAR
⚖ī¸ Average spread from👉 0.5 pips
📈 Commissions from📈 $55 monthly commission for IRESS Trader users only
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:500
🤑 Bonuses💰 $30 / 480 ZAR welcome bonus
❓ Customer SupportđŸĒ 24/7

Pepperstone

Pepperstone-Logo

Pepperstone Group Limited was founded in Melbourne, Australia, in 2010.

Pepperstone has become one of the leading CFD and Forex platforms in the world.

If you are looking for a quality broker, Pepperstone has a well-known customer care department that is ready to assist you.

It is possible to open a free demo account before putting any money into one of the two types of CFD accounts.

Pepperstone Pros and Cons


✔ Pros ❌ 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


👉 Featureℹī¸ Information
👮‍♂ī¸ Regulation👉 FCA, ASIC, DFSA, CySEC, CMA, SCB
đŸ’ĩ. Minimum deposit from💰 $0 / 0 ZAR
⚖ī¸ Average spread from👉 0.6 pips
📈 Commissions from📈 $3.76 / 60 ZAR per lot
💸 Deposit/Withdrawal Fees🙅 None
⚖ī¸ Maximum Leverage⚖ī¸ 1:30
🤑 Bonuses💰 No
❓ Customer SupportđŸĒ 24/5

Other useful resources:

7 Best Forex trading books
Best brokers for experienced traders in South Africa
Tight Spread Forex Brokers
Best brokers for swing trading in South Africa
7 Forex trading secrets
Best Forex Trading Courses

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