Forex broker comparison · South Africa

Choose your broker. Keep it simple.

Find your starting point, compare the key facts, or go straight to signup.

High-risk products: Leveraged forex and CFDs can cause rapid losses.

Find your starting point

Choose what matters. See the relevant facts, then register directly with a broker.

No email needed. Feature guide, not a personalised recommendation.

Three brokers. One clear next step.

Quick facts. Then sign up.

Compare the facts. Details are optional.

STANDARD ACCOUNT

Exness

Trade on your phone or computer.

  • Commission: None on Standard.
  • Spread: From 0.2 pips; varies.
  • Account provider: Exness (SC).

Before depositing: Check overnight fees and withdrawal terms.

Details →

STANDARD & ULTRA LOW

XM

Compare two account options.

  • Starting deposit: $5 advertised; payment limits apply.
  • Platforms: MT4, MT5 and XM app.
  • Account provider: XM Global.

Before depositing: Check your account’s fees, currency and withdrawal terms.

Details →

MOBILE & METATRADER

AvaTrade

Mobile app and MetaTrader options.

  • Platforms: Mobile app and MT4/MT5.
  • Trading fees: Spread + overnight fees.
  • Inactive account: Fees can apply.

Before depositing: Check withdrawal terms and your account company.

Details →

Select two brokers to compare their key facts.

Account facts: see dated broker profiles. XM details checked 19 October 2026. Order is not a ranking. FXJohn may earn a commission from qualifying actions through Exness and XM affiliate links. AvaTrade links currently earn us no commission. Registration and identity checks are handled by the broker.

Need help choosing?

Check the company named in your agreement, the full cost of the same trade, account currency and withdrawal conditions. A minimum spread is not a typical price, and margin is not a maximum loss.

Check the broker company → · Check deposits and withdrawals →

Latest market briefing

Today in the markets

27 October 2026 · As of 08:47 SAST · South Africa

Dollar rebounds ahead of major rate decisions

The dollar regained ground on Monday as investors prepared for decisions from the Federal Reserve, European Central Bank and Bank of Japan, Investing.com reported.

Oil retreats as diplomatic efforts continue

Brent crude fell about 2% during Monday’s trading, Investing.com reported, as diplomatic efforts sought to ease Middle Eastern tensions.

Read today’s briefing →

Dated news summary, not a live price feed or trading signal.

Explore a winning scenario

Explore your
potential profit.

What could a favourable market move mean for your trade? Try a hypothetical example in rand.

Choose your own assumptions. These leverage ratios are examples, not verified broker offers or recommended settings.

Hypothetical gross profit · before fees

R100.00

R1,000.00 margin × 10:1 = R10,000.00 exposure. A 1% move in your favour gives R100.00 gross profit.

Illustration only, not expected earnings. Excludes spread, commission, overnight fees, slippage and currency conversion. Assumes a linear position valued in rand.

Leverage also amplifies losses. A 1% move against this position would lose R100.00 before fees. Losses can exceed the margin used; broker close-out rules may apply.

Compare broker accounts →

How leverage works →
Trading cost calculator (USD)

Already know your spread and commission? Estimate their combined cost below.

Enter figures from the account you are researching. The estimate updates as you type.

$10.00
Estimated round-trip spread + commission cost

Cost = lots × (spread × pip value + round-trip commission). A $10 pip value is illustrative for a standard lot of EUR/USD in a USD account; other instruments and currencies differ.

Your starting point

Three things to understand first.

01 / COSTS

Spread or commission?

The spread is the gap between buy and sell prices. Some accounts also charge commission. Compare both using the same trade size and instrument.

Read the trading cost guide →
02 / RISK

Leverage cuts both ways.

Leverage increases exposure relative to your deposit. Small market moves can cause substantial losses. Understand margin and the account's loss protections.

See leverage in rand examples →
03 / ENTITY

Check who you sign with.

A brand may operate through multiple companies. Match the entity in your client agreement to the official register and confirm its relevant permissions.

Read the FSCA broker-check guide →
Our approach

Clear evidence.
Clear commercial relationships.

FXJohn is being developed as a broker research and comparison publisher for South African readers.

Check the sources

Our broker profiles cite broker documents and official registers, with checking dates and the relevant account entity.

Read our research standards →

Separate facts from tests

Published account terms will be distinguished from hands-on findings. We will only describe testing that we have actually carried out.

Disclose partnerships

Exness and XM signup links are affiliate links; qualifying actions may earn us a commission. Commercial relationships and the review criteria will be explained to readers.

Read our affiliate disclosure →
Quick answers

Ready for the next step?

How do I sign up?

Choose a broker above and tap its button. Exness and XM buttons link to broker registration. AvaTrade opens its official South African website. The broker handles registration and identity checks.

See the broker buttons →

Do I need an FXJohn account?

No. Compare here, then register with the broker. FXJohn does not take deposits or manage trading accounts.

Can I deposit and withdraw in rand?

Check the selected account and payment method. Rand funding and a ZAR account are different; conversion fees may apply.

Check rand account details →

Where can I check the broker details?

Read the Exness, XM or AvaTrade profile. We have not tested live accounts or withdrawals.

How is the profit example calculated?

Margin × leverage gives trade exposure. Exposure × a favourable percentage move gives hypothetical gross profit before fees. It is a simplified rand example, not an earnings forecast or a broker offer.

Compare brokers →

Your broker comparison

Published facts, not hands-on ratings. Account-specific terms must be checked with the broker. Swipe the table on smaller screens.

Exness and XM links are affiliate links and may earn FXJohn a commission from qualifying actions. AvaTrade links currently earn us no commission. Forex and CFDs carry substantial risk. Registration and identity checks happen on the broker’s website.