Low Spread Forex Brokers in South Africa

In South Africa, all forex brokers, including some with very low spreads, are regulated by the Financial Sector Conduct Authority (FSCA), which is the regulatory body in charge of overseeing the entire financial industry in the country. In contrast to regulators in Europe and North America, the South African regulator allows brokers to offer far higher leverage, which often goes up to 1:500.

As the most developed country in Africa, forex brokers in South Africa are popular among traders from the entire region, and most traders are obviously looking for the lowest spreads. Because of this, and the growing popularity of forex trading in Africa, the landscape for forex brokers in South Africa is getting more competitive, and some brokers are known to offer good deals with ultra-low spreads to attract African forex traders.