South Africa is a regional hub for forex trading in Africa, and many African traders therefore depend on high leverage forex brokers in South Africa to make money on a daily basis. Fortunately for all traders looking for high leverage, the South African regulator allows brokers to offer high trading leverage of up to 1:500, even for their non-professional clients.
All forex brokers in South Africa are required to be regulated by the country’s Financial Sector Conduct Authority (FSCA). However, there are also reports of unregulated brokers operating in the country, which we recommend you stay clear of. However, fully regulated high leverage forex brokers in South Africa can certainly be a good alternative for traders from the EU and elsewhere looking for more leverage than what is available in their home countries.