In addition to trading binary options and so-called forex trading, providers for trading CFDs are gaining popularity for several years. But which is the best broker for CFDs in South Africa? Here we did the test and compared the best-known providers.

Here was easyMarkets South Africa out due to the massive trading range and low spreads because the winner.

The following overview should assist you to find the most effective broker with the most suitable offer. With a click on a logo you’ll go on to the corresponding test report.

Top CFD Trading Brokers South in Africa

Broker
Rating
Regulated
Min. Deposit
Demo
Max. Leverage
1.
Admiral Markets

FCA, CySEC, ASIC

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd or Admiral Markets Pty Ltd services, please acknowledge all of the risks associated with trading.
2.
Deriv

VFSC, FSC, IBFC

Min $5 Deposit

1 000:1

Review » Visit » Visit
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
3.
ActivTrades

FCA

Min $100 Deposit

50:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
5.
XM Broker

ASIC, IFSC, DFSA, CySEC

Min $5 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8.
Eightcap Review

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
9.
Libertex

CySec

Min $100 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.
10.
Capital.com

FCA, CySEC

Min $20 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How To Choose Good CFD Brokers In South Africa

In addition to the brokers listed here, we even have a separate area for CFD brokers without a further payment obligation.

  • Trading offer – and underlying assets
  • Leverage – what’s the max. Lever?
  • Software – for trading the CFDs
  • Information offer – for further training
  • Forex bonus – additional capital for brand spanking new customers.

The differences between the brokers are often just as large as the number of brokers. Therefore, choosing the proper broker is key to trading success. Pay particular attention to the following points.

The main aim of ForexOnlineBrokers.com SA is to alert South African traders about reputable providers in the areas of forex trading, binary options, online casinos, CFD trading and lots of more. Our team therefore tests the best-known and most popular brokers from all of those areas and shows in the extensive experience reports what to believe both the provider and therefore the offer.

What are Online CFD Trading brokers?

In order to get ready to actively trade with CFDs, South African investors need a provider who gives them access to the market. They receive this access through so-called contract for difference brokers.

A registration is sufficient there, after which a deposit is required. This money can then be used to bet on different rates for very various things like stocks, commodities, currencies and indices. In contrast to stock trading, traders do not buy stocks in the DAX or any other index, but only bets how the market will behave. These bets are generally of a short-term nature, in order that the costs only change visibly in the last decimal places.

In order to still be able to make a profit from a relatively small stake of, for instance, 50 euros, the broker provides so-called levers. A leverage of 30: 1 says, for example, that if the trader stakes € 333.33, the end of the market are going to be a whopping € 10,000. this may quickly end in potential gains and losses.

Structure of our test reports

We have a particular basic structure for all of our experience reports. This process is adhered to in each of our tests and is ultimately reflected in our test reports as they’re published on our website. On the one hand, this helps us to not forget anything essential during testing and also helps our readers to make a far better comparison between the individual brokers. Our team of experts tests for the following categories:

In order to get ready to actively trade with CFDs, South African investors need a provider who gives them access to the market. They receive this access through so-called contract for difference brokers.

A registration is sufficient there, after which a deposit is required. This money can then be used to bet on different rates for very various things like stocks, commodities, currencies and indices. In contrast to stock trading, traders do not buy stocks in the DAX or any other index, but only bets how the market will behave. These bets are generally of a short-term nature, in order that the costs only change visibly in the last decimal places.

In order to still be able to make a profit from a relatively small stake of, for instance, 50 euros, the broker provides so-called levers. A leverage of 30: 1 says, for example, that if the trader stakes € 333.33, the end of the market are going to be a whopping € 10,000. this may quickly end in potential gains and losses.

Structure of our test reports

We have a particular basic structure for all of our experience reports. This process is adhered to in each of our tests and is ultimately reflected in our test reports as they’re published on our website. On the one hand, this helps us to not forget anything essential during testing and also helps our readers to make a far better comparison between the individual brokers. Our team of experts tests for the following categories:

Background check

When it involves the question of whether a specific provider is fraudulent, the background check is crucial. We do that before we register with a CFD broker and try to make a profit with our investment. Our classic check includes, among other things, that we from Forex Online Brokers take a glance at the corporate behind the broker. We take a detailed look at this and supply information and also about other products that come from the company.

Another essential point of our background check relates to the awards that the broker may have received in the past. Well-known sites like AVAtrade.co.za regularly award prizes and laurels to the best CFD broker in South Africa, which distinguish themselves from the others through special things. Various awards such as a gift for customer satisfaction are distributed. We take a glance at what the broker in our test has already received from the very best authority within the past.

Customer opinions

Another important aspect of our analysis and research is that the question of how other customers perceive a particular CFD broker. to try to this, we enter the depths of the planet Wide Web and see which comments are already available on the given broker.

We would wish to means once more that dissatisfied customers are generally more inclined to offer a rating than those that were really satisfied with the services of a broker. This phenomenon is often found altogether companies, but especially in those on the web. For instance, if a broker has received three reviews on an internet site and every one of them are negative, it doesn’t mean that the CFD broker is really a fraud or the provider is dubious. There are other factors that play a task here. We attempt to differentiate with every evaluation of the broker’s services and thereby determine what’s really to be made from the opinions.

The offer of the best CFD broker

The second a part of our review of CFD brokers relates entirely to the overall offer. For this purpose, we’ve developed various categories that we’ll test the broker in a structured manner.

Trade types and trade opportunities

Most providers aren’t just equipped to trade CFDs alone. Instead, they also contain a neighbourhood for currency trading and may therefore also be called as a forex broker. A couple of also have more types of trading like binary options betting. In this category we’ll enumerate which values are tradable.

Maximum leverage

The lever is the crucial tool in CFD trading. With a higher leverage it’s possible to make more profit in the end through lower bets and deposits. However, it should be mentioned that trading CFDs also poses a risk precisely due to this leverage. Because just as quickly as high profits can be achieved, it’s also possible to have to accept larger losses. We therefore always have to take a differentiated check out the maximum leverage.

In principle, the maximum leverage for CFD brokers is 30: 1. This implies that with a stake per position of 333.33 euros, the market will end up trading at 10,000 euros. However, the utmost leverage varies greatly depending on the share, raw material or other value. The following table shows which leverage applies to which underlying:

Products Maximum leverage additional margin for private investors
Major FX pairs 30: 1 14x
Major Indices Minor FX Pairs Gold 20:01 5x
Commodities Minor Indices 10:01 10x
shares 05:01 4x
Cryptocurrencies 02:01  –

The reason for this lies in the price itself: If this changes significantly within a short period of time and not just in one among the last decimal places, then no particularly large leverage is important for trading. this is often different for currencies, for example. In most cases they only change their value in the fifth or sixth decimal place, at least within 15 minutes, for instance. this implies that high leverage is critical in order to generate a profit.

Depending on the CFD, the leverage can diverge. Before registering, traders should therefore not only determine about the maximum leverage, but also about the individual leverage for certain CFDs if they’re planning to trade with exactly these. within the section of the utmost leverage we are saying what to consider the offer.

CFD Trading software

Each broker provides its customers with their own trading software. this is often designed to supply all necessary information on the various courses in a clear and intuitive way. Usually anyone can come to terms with the basics of the software within a short period of time.

This software also plays a crucial role in our test. We check to what extent the trading software corresponds to what we might expect from such a program. We also test a provider’s mobile app, if it’s available. At this point, too, we would prefer to point out again that the utilization of a mobile app is not recommended, especially for beginners. The overviews are too small to be able to make good decisions based on the courses.

Deposit and withdrawal

With what means can deposits be made in one’s own account with the broker? Which deposit options are available? How long is the time until a payout is really made and what things need to be considered? We address all of those and a couple of other questions within the section on deposits and withdrawals.

Educational opportunities

Most brokers for CFDs have their own area in which traders can train themselves. Not only the characteristics of the provider and therefore the trading software are explained there. there’ll also be general introductions to the planet of CFD trading. Webinars and seminars aren’t uncommon. Many best CFD brokers also provide their customers with their own eBooks, with which they will form on very different topics. The broadest possible educational opportunities with the broker himself also are the idea for successful trading for us. there’s also the question of whether a demo account is out there and the way long it is often used freed from charge.