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Fake Forex Brokers List in South Africa 2023

In the trillion dollars forex market, availability scammers are normal to lure the traders, and South Africa is best known for the scamming activity. Besides, forex trading scams in South Africa are on the rise. Although, forex traders across the world are well aware of forex scams in South Africa. But, still, there are legit brokers too who are highly regulated, and that is why traders get confused while selecting the broker. In this case, having an idea about the fake forex brokers list South Africa will come handy. This article compiled the list of forex scams in South Africa for the traders' convenience. Through the list, traders can easily learn about the worst forex brokers in South Africa, which eventually helps them to avoid them. So, read on to know the scam brokers in South Africa and the ways to identify them.

Is Forex Trading Legal in South Africa?

Forex trading is legal in South Africa, and the South African Reserve Bank monitors the monetary exchange. However, the traders will require to declare their forex income in the income tax. South Africa doesn't control unregulated brokers, and using a regulated broker is not a requirement for the traders. Hence, many unregulated brokers are increasing day by day. But there are many regulated local and offshore brokers in South Africa. But the worst forex brokers in South Africa don't abide by any rules, and it's easier for them to put the traders in a trap. So, knowing the forex trading scams in South Africa will help the traders to stay away from the scammers.

How to Identify the Scam Brokers in South Africa?

fake forex brokers list south africaFinding out the scammers is not an easy task as they follow different unique ways to do so. It eventually becomes a hassle and time-consuming to check each list of forex scams in South Africa. But there are a few shortcut ways to know the South African forex scammers. The easiest process is checking the fake forex brokers list South Africa, which we have mentioned on this page. Nevertheless, all the scammers follow a few common ways to attract traders. Read on to know the commonly found scamming process.

Provide Guarantee for a Huge Return

Scam brokers all over the world usually offer a huge return sometimes; they offer a double return of the investment. As you already know, the forex industry is overly volatile, and earning a huge profit all the time is unrealistic. Since the forex market is open 24/5, the exchange rates are continuously increasing. Hence, earning a guaranteed profit should not be guaranteed. Therefore, if any broker in South Africa offers such opportunities, you should consider that as the worst forex brokers in South Africa.

No Prior Record

Usually, the best forex brokers have enough background info to attract investors. Meanwhile, the scam brokers in South Africa cannot provide credibility or background info as they change the name within a few months or form a new company. So, if you seek any background info, the scam brokers usually supply some images or screenshots. In this era of technology, producing fake screenshots is easy. So, if you come across any South African broker like that, you should have them on the list of forex scams in South Africa.

Fake Forex Brokers List in South Africa: Aggressive Marketing

Usually, the forex trading scams in South Africa are desperate and show urgency to the traders. They tend to push the inventories via some lucrative offering to register with them instantly by saying the offer will remain valid for the next thirty minutes or something like that. So, this kind of strategy is a good example of aggressive marketing, perhaps the scamming activity. So, the prospective investors should be aware of this strategy; any sort of push marketing or urgency should be neglected.

 

Scam Brokers List

BrokerWebsiteReason
FX NextGenwww.fxnextgen.comOffshore license
Caliburwww.caliburcapital.netNo license
Titan FXwww.titanfx.comOffshore License
FTE FXwww.ftefxpro.comOffshore License
Prime XBTwww.primexbt.comOffshore License
Traderswaywww.tradersway.comOffshore License
MidasGlobewww.midasglobe.comNo License
Kronosinvestwww.kronosinvest.comNo license
Binomowww.binomo.comOffshore license
Circleforexwww.circleforex.comNo license
First BTC FXwww.firstbtcfx.comNo license
EssenceFXwww.essencefx.comOffshore license
EvisionFXwww.evisionfx.comNo license
RickGlobalwww.rickglobal.comOffshore license
RCM FXwww.rcmfx.comOffshore license
247SmartFxwww.247smartfx.comNo license
Traderiawww.traderia.comOffshore license
FX Options24www.fx-options24.comNo license
JustForexwww.justforex.comOffshore license
TBFXwww.tbfxtrades.comNo license
MGM Marketswww.mgm-markets.comNo license
OlympusMarketswww.olympusmarkets.comOffshore license
Sure Forex Tradewww.sureforextrade.comNo license
CFreservewww.cfreserve.comNo license
Fernwww.fuerfx.comNo license
Capital TradeFXwww.capitaltradefx.comOffshore license
FX PREMIUMwww.fx-premium.comOffshore license
Pari Fx Tradewww.parifxtrade.comOffshore license
InvestTeckwww.investteck.comNo license
Aduno Capitalwww.adunocapital.comNo license
S&P Brokerwww.snpbroker.ioNo license
Capital88www.capital88.comOffshore license
4xincomewww.4xincome.comOffshore license
TopTradeProwww.toptradepro.comOffshore license
Go Capital FXwww.gocapitalfx.comOffshore license
Swiss Investment Fxwww.swissinvestmentfx.comOffshore license
Smartoptionfxwww.smartoptionfx.comNo license
Globalixwww.globalix.comOffshore license
Libra Marketswww.libramarkets.comNo license
Monfexwww.monfex.comOffshore license
iFXOPTIONwww.ifxoption.comNo license
GoldFxTradingwww.web.goldfxtrading.comOffshore license
GoTechFxwww.gotechfx.comOffshore license
Ultrontradefxultrontradefx.comNo license
FXIG Tradeswww.fxigtrades.comNo license
4xpremiumwww.4xpremium.comNo license
TurboForexwww.turboforex.comOffshore license
Swissinv24www.swissinv24.comOffshore license
Golden Key Prowww.goldenkeypro.comOffshore license
UproFxwww.uprofx.comNo license
GoldmanCFDwww.goldmancfd.comOffshore license
GCG Asiawww.guardiancapitalag.asiaNo license
Trade Global Marketwww.tradeglobalmarket.comNo license
AZ Tradeswww.aztrades.comOffshore license
IC Financewww.ic-finance.netOffshore license
69Brokerswww.69brokers.comNo license
TraderURwww.traderur.comOffshore license
WandaFxwww.wandafx.comNo license
SeRex Investmentswww.serexinvestments.comNo license
Tradepro Capitalswww.tradeprocapitals.comOffshore license
KayaFXwww.kayafx.comNo license
PTBancwww.ptbanc.comOffshore license
Millennium FXwww.mnmfx.comOffshore license
Kapitalfxwww.kapitalfx.deNo license
PRIMEXQwww.primexq.comNo license
Obsbitwww.obsbit.comOffshore license
SwiftCFDwww.swiftcfd.comOffshore license
BlueMax Capitalwww.bluemaxcapital.comOffshore license
ItradeFXoptionwww.itradefxoption.comNo license
70Tradeswww.70trades.comOffshore license
Capital Hallwww.capitalhall.comOffshore license
K2 Wall Streetwww.k2wallstreet.comNo license
CapitalFXclubwww.capitalfxclub.comNo license
Worldwide CapitalFXwww.worldwidecapitalfx.comOffshore license
TradeInvest90www.tradeinvest90.comOffshore license
ADN Marketswww.adnmarkets.comOffshore license
Hugoswaywww.hugosway.comOffshore license
Brokerzwww.brokerz.comOffshore license
Trading Epicwww.tradingepic.comNo license
FXNobelswww.fxnobels.ioNo license
Swiss Capital Investwww.swisscapitalinvest.co.ukNo license
Lockwood Investmentswww.lockwoodinv.comOffshore license
CFDpremiumwww.cfdpremium.comOffshore license
MegaTradeFXwww.megatradefx.comOffshore license
ProFxPremiumwww.profxpremium.comOffshore license
Dax300www.dax300.comOffshore license
FXLeaderwww.fxleader.comOffshore license
Blue Tradingwww.bluetrading.comNo License
Trader.Onlinewww.trader.onlineOffshore license
Ace Forexwww.acefx24.comOffshore license
GxFXhttps://gxfx.comNo License
Forex Grandhttps://forexgrand.comOffshore License
BTCHOMEwww.btchomemining.comOffshore License
FXtrade777www.fxtrade777.comOffshore license
AitsFXwww.aitsfx.comOffshore license
ZeegosFXwww.web.zeegos.onlineOffshore license
Citifxmarketswww.citifxmarkets.comNo license
Finbitexwww.finbitex.comOffshore license
Golden Financialwww.gdfxuk.comNo license
MaxiTradewww.maxitrade.comOffshore license
FXLinkedwww.fxlinked.comOffshore license
Ideal Global Tradingwww.fxideal.comNo license
VolumeFXwww.volumefx.comOffshore license
The55thFxwww.the55thfx.comNo license
KapitalSwisswww.kapitalswiss.comNo license
ZonggangCaifuwww.zgangfx.comNo license
Phy Capital Investments Limitedwww.phyfx.comNo license
eMarketsTradewww.emarketstrade.comNo license
Esplanadehttps://esplanade-ms.comOffshore License
Admiral-Markets.comhttps://www.admiral-markets.comNo License. Clone Firm.
Bex Optionswww.bexoptions.comNo license
Affliated Trade Groupwww.affiliatedtradegroup.comNo license
Kingston Tradinghttps://kingstontrading.comNo License
Wigmarketswww.wigmarkets.comOffshore license
City Global Tradinghttp://www.cityglobaltrading.comNo License
Option94www.option94.comNo License
TheCryptoLimitedhttps://www.thecryptolimited.comNo License
Pro X Financewww.proxfinance.comOffshore license
Circle Marketshttps://circlemarkets.comOffshore license
Pinprotradewww.pinprotrade.comOffshore license
NewSolidwww.newsolid.comNo license
Cointeckwww.cointeck.ioNo license
OneLifewww.onelife.comOffshore license
UKFinvesthttps://www.ukfinvest.comOffshore License
Emporio Tradinghttps://emporiotrading.comOffshore License
EasyTradehttps://www.easytrade.bizNo License
Chrono FMhttps://www.chronofm.comNo License
OMC Marketswww.omcmarkets.comNo License
CFD Trendwww.cfdtrend.comOffshore License
Easy FX Tradewww.easyfxtrade.comNo license
United FCGwww.unitedfcg.comNo license
Financial.orghttps://financial.orgNo License. Negative Reputation.
CCM Clearinghttp://ccmclearing.comNo License
OriginalCryptohttp://www.originalcrypto.comNo License
4xCube4xcube.comOffshore License
Bitalonghttps://www.bitalong.comNo License
Your Trade Choicewww.yourtradechoice.comOffshore license
FinmarkFXwww.finmarkfx.comOffshore license
LiteFinTechwww.litefintech.ioOffshore license
TradeLTDwww.tradeltd.comNo license
ForexChiefhttps://www.forexchief.comOffshore License
KryptoWizehttps://www.kryptowize.comNo License
BigOptionhttps://www.bigoption.comOffshore License
Golden FXwww.golden-fx.comOffshore license
Solidary Markets FXwww.solidarymarkets.comNo license
DCA-Financehttps://dca-finance.comNo License
CryptoNettohttps://cryptonetto.comNo License
Daiju Commodity Marketshttps://www.daiju-cm.comNo License
GWITwww.gwitmarkets.comNo license
Europe Forex Investwww.eufxinvest.comOffshore License
Forex Birdswww.forexbirds.comOffshore License.
Blackstone500www.blackstone500.comNo License
Capoinvestwww.capoinvestgroup.co.ukNo License
Royal GTXwww.royalgtx.comNo License
Premium Brokerswww.the-premium-brokers.netOffshore License
Uptoswww.uptos.netOffshore License
StarkMarketswww.starkmarkets.comNo License. Negative Reputation
Fx Option Trade247www.fxoptiontrade247.comNo License. Clone Firm.
TraderKingwww.traderking.ioOffshore License
AMarketswww.amarkets.comOffshore License
LionsFMwww.lionsfm.comOffshore License
WDC Marketswww.wdcmarkets.comNo License
Royaltd24www.royaltd24.netOffshore License
RoyalsFXwww.royalsfx.coNo License
Spectrewww.spectre.aiOffshore License
Concept4Xwww.concept4x.comOffshore License
FxFixedwww.fxfixed.comNo License
FINMAXwww.finmaxbo.comNo License
Videforexwww.videforex.comOffshore License
MetaFinanceTradewww.metafinancetrade.comNo License
Capital GMAwww.capitalgmafx.comNo License
Finqwww.finq.comOffshore License
SmartFXwww.smartfx.comOffshore License
AAG Marketswww.aagmarkets.comOffshore License
CVC Marketswww.cvcmarkets.comOffshore License
JustProForexwww.justproforex.comOffshore License
GoldenSkyCapitalwww.goldenskycapital.comOffshore License
Swissquoteswww.swissquotes.deNo License
Uniglobe Marketswww.uniglobemarkets.comOffshore License
CobraCFDwww.cobracfd.bizOffshore license
Elite Tradingwww.elitetrading.coNo License
Arum Tradewww.arumtrade.comOffshore License
FXprimewww.fxprime.ioOffshore License
AnyTradeswww.anytrades.comOffshore License
BrighterTradewww.brightertrade.comOffshore license
BK-Coinhttps://bk-coin.com/No license
Capital Tradershttps://www.capital-traders.com/No license
CryptoAllDayhttps://cryptoallday.com/No license
SpearTraderwww.speartrader.comNo license
TegasFXwww.tegaxfx.comOffshore License
Cryptonix Teamhttps://thecryptonixteam.com/No License
Cyber FXhttps://www.cyber-fx.com/No License
MCH Investment Strategieswww.mchinvestment.comNo License
CF Merchantswww.cfmerchants.comOffshore license
OneTradexwww.onetradex.comOffshore license
Evolution Brokerswww.evolutionbrokers.comOffshore license
4xFXwww.4xfx.comNo License
YFX Capitalwww.yfxcapital.comOffshore license
PrimeFXwww.pfx-bank.comNo license
AG Capitalswww.agcapitals.comOffshore license
Aleforexwww.aleforex.comNo license
CarterFSwww.carterfs.comNo license
Option888www.option888.comNo license
Parnassus Groupwww.parnassusgroupllc.comOffshore License
Primewww.hbblmw.comNo license
UBCFXwww.ubcfx.comOffshore License
Zuercher Capitalwww.zuerchercapital.comNo License
CFDStockshttps://www.cfdstocks.com/No License
Aisawww.aisafx.comOffshore license
St Clair Capital Grouphttp://stclaircapitalgroup.com/No License
PBN Tradehttps://pbntrade.com/No License
Morgan Newfieldhttp://www.morgannewfield.com/No License
By Tradinghttp://by-trading.comNo License
GSI Marketswww.gsimarkets.comOffshore license
RichmondFGwww.richmondfg.comNo License
FXmarket247https://fxmarket247.comNo License
Binary Unohttps://www.binaryuno.com/No License
OptionStars Globalhttps://www.optionstarsglobal.com/No License
Goptionshttp://www.goptions.com/No License
Welkronwww.welkron.comOffshore license
XtradeFXhttp://xtradefx.com/No License
Jones Mutualwww.jonesmutual.comNo License
Swift Bit Optionswww.swiftbitoptions.comOffshore license
Rocket Consultant Groupwww.rocketconsultantgroup.comNo license
RCProwww.rcpro.comNo license
Extickwww.extick.comNo license
2dotswww.2dots.comNo license
GSFXhttp://www.gsfx.comNo license
10Brokerswww.10brokers.comNo license
Platinums Tradewww.platinumstrade.comOffshore license
Broker Yardhttp://www.brokeryard.comOffshore license
Shinsei Corporate Managementhttps://www.shinseisecurities.comNo License
Binatexhttps://binatex.com/No License
LottMarkethttps://lottmarket.com/No License
Finparihttp://www.finpari.com/Offshore License
Empire Optionhttps://www.empireoption.com/Offshore License
BeAlgowww.bealgo.comNo license
Noble Capital Househttps://www.noblecapitalhouse.com/No license
SoarFXhttps://www.soarfx.comNo license
OPCompanywww.opcompany.netNo license
Dax-300www.dax-300.comOffshore license
XEcrypto Bankxecryptobank.comNo License
Pearson Investmentshttps://www.pearson-investments.com/No License
Dubai FXMwww.dubaifxm.comOffshore license
Asic Traderwww.asictrader.comNo license
TouchTradeswww.touchtrades.comNo license
CF Groupwww.forexcf.comNo license
Markets Xchangewww.marketsxchange.comOffshore license
NBR Tradinghttps://www.nbrtrading.com/No License
RoyalCriptohttp://royalcripto.com/No License. Negative Reputation
CK Marketsckmarkets.comNo License
TopstepFXwww.topstepfx.comNo License
PlusOptionhttps://www.plusoption.com/No License
Financikawww.financikatrade.comOffshore license
PWRTradewww.pwrtrade.coOffshore license
CriptoRobotcriptorobot.comNo License
Point Investment Grouphttp://www.pointinvestmentgroup.com/No License. Negative Reputation
Ayrexhttps://www.ayrex.comNo License
Fin-Tech Primewww.fin-techprime.comOffshore license
Trade Fintechhttps://tradefintech.com/Offshore License
iMarketsLivehttps://imarketslive.com/No License
Nagaharu Globalhttp://www.nagaharu-global.com/No License
FxtPremiumwww.fxtpremium.comOffshore license
LatAmhttps://www.latam-fx.com/No License
VTGFXwww.vtgfx.comOffshore License
VNC Brokerswww.vncbrokers.comOffshore License
Zend Tradewww.zendtrade.comNo license
OndaMarketswww.ondamarkets.comOffshore license
Inmarket FXwww.inmarketfx.comOffshore license
EyeLinewww.eyelinetrading.comNo License
Shtern Grouphttps://www.shterngroup.com/No License
TIXfxhttp://www.tixfx.com/No License
Invest Traderhttps://investrader.net/No License
Option Experthttps://optionexpert.net/No License
24TradeRushhttp://24traderush.com/Suspended License.
FXBTGwww.fxbtg.co.nzNo license
Easy Line Prowww.easylinepro.comNo license
FX Merchantswww.fxmerchants.comNo license
Trades.comwww.trades.comNo license
TopTradehttps://www.toptrade.fm/No License
TeamFXhttps://www.teamfxtrading.co.uk/No License
HybridReservewww.hybridreserve.comOffshore license
Templer FXwww.templerfx.comOffshore license
Britonpricewww.britonprice.comNo license
WT Capitalwww.wt-capital.comOffshore license
Eminagewww.eminage.comNo License
ECMwww.ecmtrader.comNo License
Tallinexwww.tallinex.comNo License. Negative Reputation
UB4Tradewww.ub4trade.comNo license
Finodaxwww.finodax.comNo license
TradeTorowww.tradetoro.comOffshore license
GMFX24www.gmfx24.comOffshore license
Boom Xchangewww.boomxchange.comNo license
CapitalXPwww.capitalxp.comOffshore license
Roitekshttps://roiteks.com/No License
365 FXwww.365-fx.comOffshore license
LVMexchangewww.lvmexchange.comOffshore license
4xbrandswww.4xbrands.comOffshore license
Big Bosshttps://www.bigboss-financial.com/Offshore license
PrimeCryptohttps://primecrypto.io/No License
Capital Swiss FXwww.capitalswissfx.comOffshore license
CFDs100www.cfds100.comNo license
Marketsplushttps://marketsplus.com/No license
Novatradeshttps://www.novatrades.com/No license
AMP Tradinghttps://www.novatrades.com/No license
GFCInvestmentwww.amptradinggroup.comOffshore license
FXBreezewww.gfcinvestment.comNo License
CoinbrokerZwww.coinbrokerz.comNo License
Crypto Options Traderwww.crypto-optionstrader.com/No License
TradesFXwww.tradesfx.comOffshore license
Cac400www.cac400.com/No License. Negative Reputation
MT4Investwww.mt4invest.com/No License
UFXwww.ufx.comOffshore License
MPlus Socialwww.mplussocial.comOffshore license
XtraderFXwww.xtraderfx.comNo license
IGOFXwww.igofx.comOffshore license
Vix500https://vix500.com/No License. Negative Reputation
DracoFXwww.dracofx.comNo License
Efexa1000www.efexa1000.comOffshore license
AlphaCapitalwww.alphacapital.capitalNo License
Mib700www.mib700.net/No License. Negative Reputation
Bormancorpwww.bormancorp.comOffshore license
HispaMarketswww.hispamarkets.comOffshore license
RC Global Financialwww.rcglobalfinancial.comOffshore license
Trade111www.trade111.com/No License. Negative Reputation of the Group.
4xpointwww.4xpoint.com/No License.
LittInvestwww.littinvest.comNo License.
XtreamForexwww.xtreamforex.com/No License.
SigmaCFDwww.sigmacfd.comOffshore license
Markets Cubewww.marketscube.comOffshore license
Markets.Onlinewww.markets.onlineNo License
Prestige.FMwww.prestige.fmNo License
FXGIMwww.fxgim.comOffshore license
EuroPrimehttps://www.europrime.com/No License.
AroTradewww.arotrade.comOffshore License
FXPrimeswww.fx-primes.comNo License.
XMarketswww.xmarkets.comNo License.
FXG Investwww.fxginvest.comOffshore license
InvestCitywww.investcity.comNegative Reputation.
Profit Tradewww.profit-trade.comOffshore license
Escuela Tradeswww.escuelatrades.comNo License
Primus Tradeswww.primustrades.comNo license
RaxoFXwww.raxofx.comOffshore license
EFXGlobalwww.efxglobal.comOffshore license
True4Xwww.true4x.comOffshore License.
GDM FXwww.gdmfx.comNo License. Negative Reputation.
Market Investmentwww.marketinvestment.com/Offshore License.
Up4xwww.up4x.comOffshore license
Master4xwww.master4x.comNo license
ECN Capitalwww.ecncapital.comOperates with No License. Negative Reputation.
Caesar Tradehttp://caesar-trade.com/Operates with No License. Negative Reputation.
TradeX1https://tradex1.comOperates with No License
HBC Brokerwww.hbcbroker.comOffshore license
PBN Capitalwww.pbncapital.comNo license
TorOptionwww.toroption.comOperates with No License
CFXPointwww.cfxpoint.com/Operates with No License
InvestingPROwww.investingpro.comOffshore license
RoyalCFDswww.royalcfds.comOffshore license
XLR Tradewww.xlrtrade.comNon Licensed Operation.
ManagedForexHubhttp://managedforexhub.com/Non Licensed Operation.
24StarTradewww.24startrade.comNon Regulated Broker.
31FXwww.31-fx.comOffshore license
365Marketswww.premium.365markets.comNo license
AGAMhttps://atlanticgam.online/No License. Numerous warnings.
Five Windshttps://fivewindsam.com/No License. Numerous warnings.
TitanTradewww.titantrade.comOffshore license
AFX Markets Onlinewww.afxmarketsonline.comOffshore license
Getco Prowww.forex.getcopro.comNo license
BForexwww.bforex.comNo license
MyFintecwww.myfintec.comOffshore license
AlfaTradehttp://alfatrade.com/Offshore License. Negative Reputation.
AAFX Tradingwww.aafxtrading.comOffshore company. Negative Reputation.
CloseOptionwww.closeoption.comLack of Regulation
Capitals Bankswww.capitalsbanks.comNo license
Wise Bancwww.wisebanc.comNo license
HiWayFXhttps://hiwayfx.comSuspended License. Suspicious Operations.
S2Tradewww.s2trade.comOperates with No License
PBN Investwww.pbninvest.comOffshore license
Fxcentralhttp://www.fxcentral.netNo License. Negative Reputation.
Capprofxwww.capprofx.comOperates with No License
Forex Optimumhttps://forexoptimum.comOperates with No License
KontoFXwww.kontofx.comNo license
Forex Swiss FXCHhttp://forex-swiss.comOperates with No License.
ACFXhttp://atlaseforex.comSuspended License. Negative Reputation.
Global Clearing Grouphttp://2pipsforex.comOperates with No License
FinPro Tradinghttps://finprotrading.comOperates with No License
GAINSYwww.gainsy.comOperate without License.
NetoTradewww.netotrade.comOperation with no license. Negative Reputation.
Trade24www.trade-24.comOffshore license
Benchhill Partnerswww.benchhill.chNo license
Markets Brokerwww.marketsbroker.comNo License. Offshore Broker.
Yadixwww.yadix.comNegative Reputation
Trade Capitalwww.tradecapital.comNo license
AAAFxhttps://aaafx.comNumerous complaints.
iFOREXwww.iforex.comNon compliance
TradeDAXwww.tradedax.comOffshore license
GCI Financialwww.gcitrading.comNo License
Opportunity Tradewww.opportunity-trade.comNo License
TopicMarketswww.topicmarkets.comOffshore license
BrokerOfficialwww.brokerofficial.comNo license
Profiforexwww.profiforex.comNo License. Offshore Broker.
FxOnUshttps://fxonus.com/No License
SuperForexwww.superforex.comOffshore license
Bulls Capital Marketswww.bullscapitalmarkets.comNo License.
FreshForexhttps://freshforex.com/No License.
LQDFXwww.lqdfx.comOffshore license
Capital Currency Tradewww.capitalcurrencytrade.comOffshore license
PaxForexhttps://paxforex.comNo License
GFBrokerwww.gfbroker.comOffshore license
FxGlorywww.fxglory.comOffshore license
Trade12www.trade12.comNo License
Fort Financial Serviceswww.fortfs.comLack of Regulation.
Stock Trade Investwww.stocktradeinvest.comNo license
InvestMibwww.investmib.comOffshore license
FxUnitedhttp://fxunitedglobal.comNo License. Scam operations.
Grand Capitalwww.grandcapital.netOffshore license
Capital Markets Banc CMBhttps://capmbeu.comNo License
FXC Marketswww.fxcmarkets.comOffshore license
TGC FXwww.tgcgroupfx.comNo license
Turnkey Forexwww.turnkeyforex.comOffshore License
BECFDwww.becfd.comOffshore license
Swiss Marketswww.global.swissmarkets.comOffshore license
ExpertOptionwww.expertoption.comOffshore License
Royal Capital Prowww.royalcapitalpro.comNo License
CentroBancwww.centrobanc.comOffshore license
Richmond Investingwww.richmondinvesting.comOffshore license
FXGiantswww.fxgiants.comNon Compliance
IronFXwww.ironfx.comNon compliance
KB Capitalswww.kbcapitals.comNo license
Crown Financewww.crown-finance.comOffshore license
ForexMartwww.forexmart.comReputation
UniTraderwww.unitrader.comOffshore license
FGS Marketswww.fgsmarkets.comOffshore license
XForexwww.xforex.comOffshore License
72optionwww.72option.comNo license
Banc De Monarchwww.bancdm.ioOffshore license
SGT Marketswww.sgtmarkets.comOffshore license
8888Marketswww.8888markets.comNo license
HQBrokerwww.hqbroker.comOffshore license
FXT24www.fxt24.comNo license
TradesPrimewww.tradesprime.comOffshore license
VFX Capitalwww.vfxcapital.comOffshore license
iForex24www.iforex24.comOffshore license
StarfishFXwww.starfishfx.comNo license
Investexwww.investex.comOffshore license
WorldFXMwww.worldfxm.comOffshore license
GreenFields Capitalwww.greenfieldscapital.comNo license
SimpleFXwww.simplefx.comOffshore license
1000 Extrawww.1000extra.comOffshore license
NordFXwww.nordfx.comOffshore license
Ostrich Capitalwww.ostrichcapital.comNo license
CM Tradingwww.cmtrading.comOffshore license
LMFXwww.lmfx.comOffshore license
Tradeview Forexwww.tradeviewforex.comOffshore license
UMOFXNo license
Gallant Financewww.gallantfinance.comOffshore license
FXChoicewww.myfxchoice.comNo license
TradeFTMwww.tradeftm.comNo license
Stern Marketswww.sternmarkets.comOffshore license
OnlyTradeswww.onlytrades.comNo license
Xinghui InternationalNo license
AVA Investmentswww.ava.investmentsOffshore license
FxFWaywww.fxfway.comOffshore license
TradeBNPwww.tradebnp.comOffshore license
Baihua Globalwww.bfmfx.comNo license
YesTradingwww.yestrading.comOffshore license
FSMSmartwww.fsmsmart.comOffshore license
AccentForexwww.accentforex.comOffshore license
Suisse Trade Centerwww.stcforex.comOffshore license
CMSTraderwww.cmstrader.comOffshore license
FXPremaxwww.fxpremax.comNo license
SwissCCIwww.swisscci.comOffshore license
Axe Investwww.axeinvest.comOffshore license
Forex4Youwww.forex4you.comOffshore license
TradeTimewww.tradetime.comOffshore license
Universe Markets FXwww.universemarketsfx.comNo license
12Traderwww.12trader.comOffshore license
Umarketswww.umarkets.comOffshore license
Utradewww.utrade.onlineNo license
JAFXwww.jafx.comOffshore license
uTraderwww.utrader.comOffshore license
Al Tradewww.alforex.comNo license
10Marketswww.10markets.comOffshore license
Caxton Globalwww.caxtonglobal-fx.netNo license
InstaFX24www.instafx24.comOffshore license
8inFXwww.8infx.comOffshore license
StoxMarketwww.stoxmarket.comOffshore license
TDMarketswww.tdmarkets.comOffshore license
Trade WFXwww.tradewfx.comNo license
Tait Investment Groupwww.taitinvestmentgroup.comNo license
FXG Tradewww.fxgtrade.comOffshore license
SolidCFDwww.solid-cfd.comOffshore license
GCC Investingwww.gccinvesting.comNo license
MarketTMwww.markettm.comNo license
MaxCFDwww.maxcfd.comNo license
BRFX Tradewww.brfxtrade.comOffshore license
Tradovestwww.tradovest.comOffshore license
CFD Corporatewww.cfdcorporate.comNo license
Pro TradeFXwww.protradefx.comOffshore license
Gulf FXwww.gulffx.coNo license
Time4Xwww.time4x.coOffshore license
100XFXwww.100xfx.comOffshore license
CT-Tradewww.ct-trade.comNo license
Everest International Group Ltdwww.everestinter.comNo license
EU-Capitalwww.eu-capital.coOffshore license
Bristol Consulting FXwww.bristolconsultingfx.comNo license
MarketGBPwww.marketgbp.comOffshore license
Tradeu2www.tradeu2.comOffshore license
CFD Royalwww.cfdroyal.comNo license
Meta Investingwww.metainvesting.comOffshore license
Xiaohangjia BrokersOffshore license
ISGXchangeNo license
Get FinancialOffshore license
Broker XPwww.brokerxp.comOffshore license
Oracle-FXwww.tg.oracle-fx.comOffshore license
Primus Forex Financial Groupwww.primusasia.comNo license
Bitex360www.bitex360.comOffshore license
Swiss Assets FXwww.sfmsas.netNo license

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RANK VISIT
BROKER
REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

DEPOSIT
BONUS
RATING MAX
LEVERAGE

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

PAYMENT
SYSTEM
SUPPORT START
TRADING
1
ASIC, CySEC, FSP
$100
No Bonus
1:500

Telephone: +44 28 2544 7780

image
Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

image
Pros
  • Low forex fees
  • Fast order execution
  • Analytical training materials
  • 90+ instruments
Cons
  • Slow live chat support
  • Non-EU traders don’t get investor protection
Platforms & Devices
3
FSA
$0
No Bonus
1:500

Telephone:

image
Pros
  • 9 base currencies
  • 24/7 technical service
  • Direct market access
  • VPS, FIX API, copy trading
  • Superior trading conditions
Cons
  • No negative balance protection
  • Withdrawal fees
Platforms & Devices
4
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

image
Pros
  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform
Cons
  • Inactivity fee
  • High Trading Fees for some CFDs
Platforms & Devices
5
ASIC, FCA, CySEC, SCB
$100
No Bonus
1:500

Telephone:

image
Pros
  • Fully digital account opening
  • Low forex fees
  • Research tools
  • Free Education Resources
Cons
  • No bonuses
Platforms & Devices
6
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

image
Pros
  • No withdrawal fee
  • Low stock and stock index CFD fees
  • Negative balance protection
  • No inactivity fee
Cons
  • Average forex CFD fees
  • No PAMM accounts
Platforms & Devices
7
ASIC, CySEC, FSC
$5
Up to $5000
1:1000

Telephone: +501 223-6696

image
Pros
  • Low withdrawal fees
  • Great educational tools
  • Wide range of leverage
  • Multilingual customer support
Cons
  • Non-EU traders don’t get investor protection
  • Lack of weekend customer support
Platforms & Devices
8
FCA, DFSA, FSCA, FSA, CMA
$5
100%
1:1000

Telephone: +44-2030978571

image
Pros
  • Low spread
  • Controlled by several regulators
  • Numerous deposit and withdrawal
  • Favorable trading conditions
Cons
  • Few account currencies
  • Only USD or EUR as base currencies
Platforms & Devices
9
ASIC, FCA
$0
No Bonus
1:500

Telephone: +61 2 9965 5830

image
Pros
  • Automatic insurance coverage
  • Low entry threshold
  • Fully digital account opening
  • Low forex fees
Cons
  • Limited research tools
  • Only forex and CFD trading
Platforms & Devices
10
FCA, ASIC, DFSA
$200
No Bonus
1:500

Telephone: +1786 628 1209

image
Pros
  • Digital account opening process
  • Seamless deposit and withdrawal
  • Attractive trading conditions
  • No inactivity fee
Cons
  • No cent account
  • Few analytical materials
Platforms & Devices

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    How to Avoid Scam Brokers in South Africa?

    The best way to avoid forex trading scams in South Africa is to know each broker. You can have proper knowledge about them by checking with the fake forex brokers list South Africa, which is available in the different forums as well as on this page. So, you can verify your selected broker from this list. If you see the intended forex broker is enlisted in the list of forex scams in South Africa, you should immediately neglect it. Moreover, we always try to make a list updated, so you can check this from time to time to know if your broker is added to the list.

    So, your goal should be trading with a broker that is not available on this list.

    Final Words

    Fake forex brokers list South Africa is the ultimate way to stay safe from those scam brokers. So, it is recommended that you should check the fake broker's list before you choose any broker. Further, when you choose a broker, try to find their reviews in the forex community or different forums. That is how the traders can find legit forex brokers and stay away from the worst forex brokers in South Africa.

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