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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.

Featured MT4 BrokerWhat can you trade on MT4?How much does MT4 trading cost?CEO InterviewMore Info

IG

IG’s MetaTrader 4 package delivers instant access to 18 free add-ons and indicators, giving you an edge in your trading. You’ll also have the option to download thousands more from inside the MetaTrader 4 platform. Take advantage of minimum spreads of 0.6 on a host of forex pairs with IG. The minimum lot size on MT4 is 0.01 lots, helping you manage the risks of high-volume trading.

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

Trade CFDs on 30 currency pairs including EUR/USD, GBP/USD and USD/JPY, major indices like the UK 100 and US 30, plus popular commodities such as Gold, Silver and Crude Oil Trade Forex from 0.7 pips on MT4, indices from 1 point and Gold from 0.3.

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

Trade 85 pre-installed MT4 indicators available on the desktop app for greater insight into market trends During liquid times, MT4 spreads can go as low as 0 pips on the EURUSD through the Razor account Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

XTB XTB Brokers

Trade over 1,500 markets through MT4. Test and optimise your trading strategies with the MT4 Strategy Tester Low forex spreads from 0.1 pips, stock CFD commission from 0.08%

Arnaout Omar Omar Arnaout

Visit XTB

XTB Reviews

ETX Capital

Trade over 60 FX pairs including majors, minors and a range of exotics currency pairs with ETX. ETX offer low FX trading costs on spread betting and CFDs with spreads on EURUSD from only 0.6 pips, and GBPUSD from 0.9 pips. Phil Adler CEO Interview ETX Reviews

City Index

With City Index’s MetaTrader4 platform, you can trade over 80 Forex pairs, including majors, minors and exotics. Ultra-tight spreads, fast trade executions and unique trading tools. Coming Soon Visit City Index

City Index Reviews

Top MT4 Brokers in South Africa

 

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 and MT4 platforms (more info).

IG South Africa

IG was founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker headquartered 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.

 

IG for MT4 Broker in South Africa


IG

Founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker headquartered 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 195,000. IG has offices in Frankfurt, Geneva, Madrid, Milan, Paris, Stockholm, Melbourne, Singapore, Tokyo, Chicago, Johannesburg and Dubai. Visit IG
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

IG ReviewsIG Client Reviews
IG Expert Review
Exclusive InterviewNo - see other broker CEO interviews
PlatformsIG Trading PlatformMT4, L2 Dealer & APIs
IG UpdatesLatest IG News, Views, Reviews & Guides
Min Deposit£250
Account TypesSpread betting, CFDs, ForexStocks, ISA & SIPP, Prime Brokerage
Spread TypesFixed or variable
Funding MethodsCards, PayPal, Bank transfer
Customer SupportPhone, email, livechat
Execution TypeSTP, Hedged, DMA, Internally matched
FTSE 100 Pricing1 point
Germany 30 Pricing1 point
Wall Street Pricing1.6 points
Bitcoin Pricing30 points
Ether Pricing5 points
EURGBP Pricing0.9 points
EURUSD Pricing0.6 points
GBPUSD Pricing0.9 points
Gold Pricing0.3 points
Oil Pricing3 points
Stock Pricing0.10%
FCA RegulatedYes - See status
Year Established1974
Active Clients195,000
Markets available16,000+
Retail AccountsYes
Professional AccountsYes
Listed PLCYes (LSE) See IG share price
Country FoundedUK
Inactivity Fee£12 per month after 24 months
Overnight Funding Rates2.5% +/- Libor
Educational MaterialYes
Office Locations14

ETX Capital for MT4 Trading in South Africa


ETX Capital

ETX Capital are one of the oldest spread betting brokers in the UK.  ETX was founded in 1965 as Monecor and remains a member of the London Stock exchange.

They offer tight spreads as low as 0.6 on EuroDollar and 0.9 on other FX pairs.
Visit ETX

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% 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.
ETX Capital ReviewsETX Client Reviews
ETX Expert Reviews
Exclusive InterviewPhilip Adler - ETX Capital CEO
PlatformsETX Trader Pro, MT4
ETX Capital UpdatesLatest ETX Capital News, Views, Reviews & Guides
Min Deposit£100
Account TypesSpread betting, CFDs, Forex
Spread TypesFixed or variable
Funding MethodsDebit cards, credit cards, bank transfer
Customer SupportPhone and email
Execution TypeOTC
UK 100 Pricing1 point
Germany 30 Pricing1 point
Wall Street Pricing1 point
Bitcoin PricingMarket Spread plus 10
Ether PricingMarket Spread plus 8
EURGBP Pricing0.9 points
EURUSD Pricing0.6 points
GBPUSD Pricing0.9 points
Gold Pricing0.04 points
Oil Pricing5 points
Stock Pricing0.05%
FCA RegulatedYes - See status
Year Established1965
Active Clients10,000
Markets available5,000+
Retail AccountsYes
Professional AccountsYes
Listed PLCNo
Country FoundedUK
Inactivity Fee£15 after 1 year
Overnight Financing Rates2.5% +/- Libor
Educational MaterialYes
Office Locations3
ETX Capital AlternativesETX Capital Versus IG
ETX Capital Versus Core Spreads
ETX Capital Versus Plus 500
ETX Capital Versus Spreadex
ETX Capital Versus Saxo Capital Markets
ETX Capital Versus City Index
ETX Capital Versus Forex.com
ETX Capital Versus Pepperstone
ETX Capital Versus XTB
ETX Capital Versus eToro
ETX Capital Versus ayondo
ETX Capital Versus CMC Markets