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Broker of the month: City Index, read our expert and client reviews here

Use our comparison tables to compare the best South African MT4 brokers authorised and regulated by the FCA. Choose or switch to a MT4 broker that offers the most markets, best pricing and client security.

MT4 trading carries a high level of risk and can result in losses that exceed your deposits. Featured brokers appear first.

Broker FX Spreads (pips from) Index Spreads Features Markets Offered Active Clients More Info
City Index EURGBP:0.8
USDJPY:0.5
GBPUSD:0.8
EURUSD:0.5
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
12,000+ 20,000 Visit City Index Read Expert &  Client City Index Reviews
ETX Capital EURGBP:0.9
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
5,000 10,000 Visit ETX Capital Read Expert & 30+ ETX Capital Reviews
IG EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000+ 195,000 Visit IG Read Expert &  Client IG Reviews

xtb

EURGBP:0.1
USDJPY:0.1
GBPUSD:0.1
EURUSD:0.2
FTSE: 0.5pt
DOW: 1pt
DAX: 0.7pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000+ 21,000+ Visit XTB
Read Expert &  Client XTB Reviews
Core Spreads EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.7
FTSE: 0.8pt
DOW: 1pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
3,000 2,000 Visit Core Spreads Read Expert & Client Core Spreads Reviews

ETX Capital

ETX Capital are one of the oldest MT4 brokers that provide access for South African traders.  ETX was founded in 1965 as Monecor and remains a member of the London Stock exchange.

They offer tight spreads as low as 0.7 on EuroDollar and 0.9 on other FX pairs.

ETX has won some pretty decent awards including: Money AM Awards 2012 Best Online Charts. Investment Trends Award 2013 Best Value for Money and UK Forex Award 2013 Best Forex Trading Tool & Software.

For new clients they offer free demo account test their Pro, MT4 and Binary trading platforms (more info).

IG South Africa

IG was founded founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker head quartered on Cannon Street in London. As of November 2017 IG was valued at over £2.4bn with an active client base (as of May 2017) of over 185,000. IG has offices in Dusseldorf, Geneva, Madrid, Milan, Paris, Stockholm, Shanghai, Melbourne, Singapore, Tokyo, Chicago, Johannesburg and Dubai.

 


Core Spreads

Core Spreads are one of the newest South African MT4 brokers based in the UK.  Core Spreads objective is to provide the tightest spreads in the industry but offering an execution only platform (i.e. now news, analysis, or trader tools).

The spreads are some of the tightest in the industry and are available as CFDs or spread bets on their own Core Trader platform or MT4.

Core Spreads also offer new clients a 50% bonus in the form of a spread rebate. This means that you get half your trading costs back for the first month back into your account.

For CFD traders looking to reduce trading costs Core Spreads offer a simple, quick and easy to use trading platform find out more.


 

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