Wednesday 4 November 2026
Independent Broker Reviews & Financial News

Brokers by region

Brokers with an entity serving: South Africa

The table shows the legal entity and regulation that apply to this region for each reviewed broker. Protections such as compensation schemes and leverage limits depend on the entity, so always check which entity would hold an account.

Entities and regulation

BrokerLegal entityRegulator and licenceScoreReview
AvaTrade Ava Capital Markets Pty Ltd FSCA, FSP 45984 (source: broker disclosure) 4.0 Read Review
FXCM Stratos South Africa (Pty) Ltd FSCA, registration 46534 (source: broker disclosure) 3.8 Read Review
FxPro FxPro Financial Services Ltd FSCA, authorisation 45052 (source: broker disclosure) 4.1 Read Review
HFM HF Markets SA (Pty) Ltd FSCA (source: broker disclosure) 3.9 Read Review
IG IG Markets South Africa Limited FSCA, ODP FSP 41393 (source: broker disclosure) 4.6 Read Review
IronFX Notesco SA (Pty) Limited FSCA, FSP 45276 (intermediary; product supplier Notesco (BVI) Limited) (source: broker disclosure) 5.0 Read Review

Broker reviews for this region

6 brokers

IronFX

Reviewed
Editorial score 5.0 out of 5
Regulation
CySEC 125/10, FCA 585561, FSCA FSP 45276, BVI FSC SIBA/L/24/1175
Read Review: IronFX

IG

Reviewed
Editorial score 4.6 out of 5
Regulation
FCA 195355, BaFin 148759, ASIC AFSL 515106, FSCA 41393, NFA 0509630 (tastyfx)
Read Review: IG

FxPro

Reviewed
Editorial score 4.1 out of 5
Regulation
CySEC 078/07, FCA 509956, FSCA 45052, SCB SIA-F184
Read Review: FxPro

AvaTrade

Reviewed
Editorial score 4.0 out of 5
Regulation
CBI C53877, ASIC 406684, FSCA 45984, BVI FSC, ADGM FSRA 190018, FSA Japan
Read Review: AvaTrade

HFM

Reviewed
Editorial score 3.9 out of 5
Regulation
CySEC 183/12; FCA, FSCA, DFSA, FSA Seychelles, FSC Mauritius, CMA Kenya group entities
Read Review: HFM

FXCM

Reviewed
Editorial score 3.8 out of 5
Regulation
FCA 217689, CySEC 392/20, ASIC AFSL 309763, FSCA 46534
Read Review: FXCM

This review is provided for general information and does not constitute an endorsement, investment advice or a recommendation to open an account. Broker information may change after publication. Readers should verify regulatory status, product availability, fees and legal documentation through official sources before making any decision.