Best brokers available in South Africa

South African residents can access locally supported forex and CFD services, but the legal structure often separates an FSCA-authorised South African intermediary from the entity that actually issues the OTC derivative. Verify both the local FSP role and, where the firm is the OTC derivative provider, the relevant ODP authorisation.

Brokers serving South Africa

IGIG International Limited Available 94/100 Review & country fit →
Available/eligible products: Forex CFDs, Index CFDs, Share CFDs, Commodity CFDs, Other CFD markets available on the IG International account, Cryptocurrency CFDs, CFD futures / forwards, Options CFDs for qualifying professional CFD accounts
Restricted/not offered: New IG Markets South Africa domestic trading accounts (no longer offered), Direct cash shares/ETFs on the reviewed international CFD account, Cryptocurrency trading for South African retail clients (professional clients only on the international account)
FP MarketsFirst Prudential Markets Limited (Seychelles website/account operator); FP Markets (Pty) Ltd is the South African FSCA-authorised group FSP Available 89/100 Review & country fit →
Available/eligible products: Forex CFDs, Share CFDs, Index CFDs, Metal and commodity CFDs, Digital-currency CFDs, ETF CFDs, Bond CFDs, Futures-linked derivatives where offered
Restricted/not offered: The current South Africa website does not state that FP Markets (Pty) Ltd is the account counterparty, Direct share or ETF ownership is not inferred from the reviewed CFD service, Direct exchange-traded futures and listed options were not verified
TickmillTickmill South Africa (Pty) Ltd (FSCA FSP 49464; exact trading-counterparty/product-supplier terms should be confirmed at onboarding) Available 89/100 Review & country fit →
Available/eligible products: Forex CFDs, Stock CFDs, Index CFDs, Commodity and precious-metal CFDs, Bond CFDs, Cryptocurrency CFDs
Restricted/not offered: The reviewed public pages do not prove direct ownership of shares or ETFs, The exact trading counterparty/product supplier behind the South Africa FSP should be checked in the client agreement, Direct listed futures and options are not inferred from generic group product pages
HfmHF Markets SA (PTY) Ltd (FSCA intermediary); HF Markets Ltd (product supplier) Available 86/100 Review & country fit →
Available/eligible products: Forex and derivative instruments through the South Africa HFM route, CFDs subject to the product supplier's account terms, Index CFDs, Stock CFDs, Cryptocurrency CFDs, ETF CFDs, Bond CFDs where offered by the product supplier
Restricted/not offered: Direct cash shares/ETFs (not verified on the South Africa derivative service), Listed options (not verified), Listed futures (not verified)
RaiseFXRaise Global SA (Pty) Ltd Available 77/100 Review & country fit →
Available/eligible products: OTC forex, CFDs on indices, shares, commodities and cryptocurrencies
Restricted/not offered: Direct ownership/custody of CFD underlying assets is not established by the reviewed service
RCG MarketsRCG Markets (Pty) Ltd Available 77/100 Review & country fit →
Available/eligible products: CFDs on forex, CFDs on metals and commodities, CFDs on shares/futures and other eligible derivatives via the regulated intermediary service
Restricted/not offered: Synthetic instruments are a separate supplier relationship and expressly described as unregulated under FAIS

Sources