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 BrokerMT4 Account OptionsMT4 Key factsMT4 Trading CostsMore Info

IG

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 17,000
Forex Pairs: 51
Commodities: 38
Indices: 34
UK Stocks: 3,925
US Stocks: 6,352
EURUSD: 0.6 pips
GBPUSD: 0.9 pips
UK 100: 1 point
Wall Street: 2.4 points
Overnight Financing: 0.0022%
Open Account
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 9,300
Forex Pairs: 71
Commodities: 33
Indices: 22
UK Stocks: 629
US Stocks: 3,441
EURUSD: 0.7 pips
GBPUSD: 0.9 pips
UK 100: 1 point
Wall Street: 2.4 points
Overnight Financing: 0.0027%
Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

Pepperstone

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 178
Forex Pairs: 36
Commodities: 16
Indices: 14
UK Stocks: 0
US Stocks: 64
EURUSD: 0.13 pips
GBPUSD: 0.44 pips
UK 100: 3 points
Wall Street: 2.4 points
Overnight Financing: Variable
Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Saxo Capital Markets

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 19,999
Forex Pairs: 57
Commodities: 19
Indices: 23
UK Stocks: na
US Stocks: na
EURUSD: 0.6 pips
GBPUSD: 0.7 pips
UK 100: 1 point
Wall Street: 3 points
Overnight Financing: +/- 0.75%
Open Account 70% of retail investor accounts lose money when trading CFDs with this provider

XTB XTB Brokers

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 1,981
Forex Pairs: 48
Commodities: 22
Indices: 42
UK Stocks: 203
US Stocks: 1,053
EURUSD: 0.6 pips
GBPUSD: 0.9 pips
USDJPY: 0.7 pips
EURGBP: 0.9 pips
AUDUSD: 0.17 pips
Overnight Financing: Variable
Open Account 79% of retail investor accounts lose money when trading CFDs with this provider

ETX Capital

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 5,000
Forex Pairs: 60
Commodities: 25
Indices: 34
UK Stocks: 350
US Stocks: na
EURUSD: 0.5 pips
GBPUSD: 0.9 pips
UK 100: 0.9 point
Wall Street: 2 points
Overnight Financing: Variable
ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider

City Index

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 12,000
Forex Pairs: 84
Commodities: 25
Indices: 21
UK Stocks: na
US Stocks: na
EURUSD: 0.5 pips
GBPUSD: 0.9 pips
UK 100: 1 point1
Wall Street: 3.5 points
Overnight Financing: Variable
Open Account 74% of retail investor accounts lose money when trading CFDs with this provider

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.

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
Number of:
Total Markets17,000
Forex Pairs51
Commodities38
Indices34
UK Stocks3925
US Stocks6352
Cryptocurrencies10
Broker specifics
2019 Revenue£476,900,00
Number Active Clients178,000
Minimum Deposit£250.00
Inactivity Fee£12 per month
Founded1974
FX Retails Spreads
EUR/USD Euro vs US Dollar0.6
GBP/USD British pound vs US dollar0.9
USD/JPY US Dollar vs Japanese Yen0.7
EUR/GBP Euro vs British Pound0.9
AUD/USD Australian Dollar vs US Dollar0.6
USD/CAD US Dollar vs Canadian Dollar1.3
USD/CHF US Dollar vs Swiss Franc1.5
NZD/USD NZ Dollar vs US Dollar0.18
EUR/JPY Euro vs Japanese Yen0.15
EUR/AUD Euro vs Australian Dollar0.15
FX Retail Margins
EUR/USD Euro vs US Dollar30:1
GBP/USD British pound vs US dollar30:1
USD/JPY US Dollar vs Japanese Yen30:1
EUR/GBP Euro vs British Pound30:1
AUD/USD Australian Dollar vs US Dollar20:1
USD/CAD US Dollar vs Canadian Dollar30:1
USD/CHF US Dollar vs Swiss Franc30:1
NZD/USD NZ Dollar vs US Dollar20:1
EUR/JPY Euro vs Japanese Yen30:1
EUR/AUD Euro vs Australian Dollar20:1
Commodity Spreads
WTI crude (oil)0.28
Gold0.3
Corn0.6
Brent crude (oil)0.28
Natural Gas0.3
Silver0.2
Copper (comex)0.2
Wheat0.4
Soyabeans1.2
Gasoline RBOB30
Steelnot quoted
Aluminium6
Iron4.5
Commodity Margins
WTI crude (oil)10:1
Gold20:1
Corn10:1
Brent crude (oil)10:1
Natural Gas10:1
Silver10:1
Copper10:1
Wheat10:1
Soyabeans10:1
Gasoline RBOB10:1
Steelnot quoted
Aluminium10:1
Iron10:1
Index Spreads
Dow Jones Industrials Average (US 30)2.4
Standard & Poor’s 500 (S&P 500)0.4
Nasdaq (Composite and Nasdaq 100)1
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)1
DAX (Germany 30)1.2
Euro Stoxx 50 (Euro 50)1.5
Japan 225 (Nikkei 225)7
Hong Kong (Hang Seng Index)5
Index Margins
Dow Jones Industrials Average (US 30)20:1
Standard & Poor’s 500 (S&P 500)20:1
Nasdaq (Composite and Nasdaq 100)20:1
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)20:1
CAC 40 (France 40)20:1
DAX (Germany 30)20:1
Euro Stoxx 50 (Euro 50)20:1
Japan 225 (Nikkei 225)20:1
Hong Kong (Hang Seng Index)10:1
UK Stock Spreads
Lloyds0.10%
Ocado0.10%
BT Group0.10%
Centrica0.10%
International Conolidated Airlines0.10%
BAE Systems0.10%
Barclays0.10%
Barratt Developments0.10%
Vodafone Group0.10%
Sainsburys0.10%
Micro Focus International0.10%
Glencore0.10%
Fresnillo0.10%
UK Stock Margins
Lloyds5:1
Ocado5:1
BT Group5:1
Centrica5:1
International Consolidated Airlines4:1
BAE Systems5:1
Barclays5:1
Barratt Developments5:1
Vodafone Group5:1
Sainsburys5:1
Micro Focus International5:1
Glencore5:1
Fresnillo5:1
US Stock Spreads
Amazon0.10%
Tesla0.10%
Netflix0.10%
Apple0.10%
Facebook0.10%
Advanced micro Devices0.10%
Twitter0.10%
Overstock.comnot quoted
Boeingnot quoted
Ubernot quoted
Abbvienot quoted
Snap incnot quoted
Soliton0.10%
NVIDA0.10%
US Stock Margins
Amazon5:1
Tesla5:1
Netflix5:1
Apple5:1
Facebook5:1
Advanced micro Devices5:1
Twitternot quoted
Overstock.comnot quoted
Boeingnot quoted
Ubernot quoted
Abbvienot quoted
Snap incnot quoted
Soliton4:1
NVIDA5:1
Overnight Financing Rates
Forex (tom next plus or minus )0.00220%
Commoditiesvariable + daily admin fee of 0.0068%
Indices
UK StocksLibor +/-2.50%
US StocksUS Libor +/-2.50%
Cryptocurrenciesvariable 12.5 to 20% pa see here

ETX Capital for MT4 Trading in South Africa

ETX Capital
Number of:
Total Markets5000
Forex Pairs60
Commodities25
Indices34
UK Stocks350
US Stocks?
Cryptocurrencies8
Broker specifics
2019 Revenue£32,000,000 (2018)
Number Active Clients55,000
Minimum Deposit£100
Inactivity Fee$25 per month
Founded2007
FX Retails Spreads
EUR/USD Euro vs US Dollar0.6
GBP/USD British pound vs US dollar0.9
USD/JPY US Dollar vs Japanese Yen0.9
EUR/GBP Euro vs British Pound0.9
AUD/USD Australian Dollar vs US Dollar0.8
USD/CAD US Dollar vs Canadian Dollar0.2
USD/CHF US Dollar vs Swiss Franc0.9
NZD/USD NZ Dollar vs US Dollar0.18
EUR/JPY Euro vs Japanese Yen0.9
EUR/AUD Euro vs Australian Dollar0.26
FX Retail Margins
EUR/USD Euro vs US Dollar30:1
GBP/USD British pound vs US dollar30:1
USD/JPY US Dollar vs Japanese Yen30:1
AUD/USD Australian Dollar vs US Dollar20:1
USD/CAD US Dollar vs Canadian Dollar30:1
USD/CHF US Dollar vs Swiss Franc30:1
NZD/USD NZ Dollar vs US Dollar30:1
EUR/JPY Euro vs Japanese Yen30:1
EUR/AUD Euro vs Australian Dollar20:1
Commodity Spreads
WTI crude (oil)0.4
Gold0.4
Corn0.5
Brent crude (oil)0.4
Natural Gas0.21
Silver0.35
Copper (comex)0.9
Wheat0.5
Soyabeans0.7
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Commodity Margins
WTI crude (oil)10:1
Gold20:1
Corn10:1
Brent crude (oil)10:1
Natural Gas10:1
Silver10:1
Copper10:1
Wheat10:1
Soyabeans10:1
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Index Spreads
Dow Jones Industrials Average (US 30)4
Standard & Poor’s 500 (S&P 500)0.69
Nasdaq (Composite and Nasdaq 100)3
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)2
DAX (Germany 30)1.5
Euro Stoxx 50 (Euro 50)2
Japan 225 (Nikkei 225)8
Hong Kong (Hang Seng Index)16
Index Margins
Dow Jones Industrials Average (US 30)20:1
Standard & Poor’s 500 (S&P 500)20:1
Nasdaq (Composite and Nasdaq 100)20:1
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)20:1
CAC 40 (France 40)20:1
DAX (Germany 30)20:1
Euro Stoxx 50 (Euro 50)20:1
Japan 225 (Nikkei 225)20:1
Hong Kong (Hang Seng Index)10:1
UK Stock Spreads
Lloyds0.10%
Ocado0.10%
BT Group0.10%
Centrica0.10%
International Conolidated Airlines0.10%
BAE Systems0.10%
Barclays0.10%
Barratt Developments0.10%
Vodafone Group0.10%
Sainsburys0.10%
Micro Focus International0.10%
Glencore0.10%
Fresnillo0.10%
UK Stock Margins
Lloyds5:1
Ocado5:1
BT Group5:1
Centrica5:1
International Consolidated Airlines5:1
BAE Systems5:1
Barclays5:1
Barratt Developments5:1
Vodafone Group5:1
Sainsburys5:1
Micro Focus International5:1
Glencore5:1
Fresnillo5:1
US Stock Spreads
Amazon$0.02 per share
Tesla$0.02 per share
Netflix$0.02 per share
Apple$0.02 per share
Facebook$0.02 per share
Advanced micro Devices$0.02 per share
Twitter$0.02 per share
Overstock.com$0.02 per share
Boeing$0.02 per share
Uber$0.02 per share
Abbvie$0.02 per share
Snap inc$0.02 per share
Solitonnot quoted
NVIDA$0.02 per share
US Stock Margins
Amazon5:1
Tesla5:1
Netflix5:1
Apple5:1
Facebook5:1
Advanced micro Devices5:1
Twitter5:1
Overstock.com5:1
Boeing5:1
Uber5:1
Abbvie5:1
Snap inc5:1
Solitonnot quoted
NVIDA5:1
Overnight Financing Rates
Forex (tom next plus or minus )Tom-next+1.35%
CommoditiesLibor +/- 3.50% or+/-4.50% see here
IndicesOvernight funding for Indices is LIBOR +/- 3.25 and +/- 4.5% see here
UK StocksRelevant interbank rates +/- 4.5% and +/- 6% see here
US StocksRelevant interbank rates +/- 4.5% and +/- 6% see here
CryptocurrenciesFinancing charge of 0.083% per day see here