#1 Rated Broker
Interactive Brokers
4.4Capital at risk · T&Cs apply
Top FSCA and internationally regulated stock brokers for South African investors. Compare platforms, fees and global market access.
How we rank brokersBased on our 2026 quantitative rating of 80 brokers, Interactive Brokers (4.43/5), Forex.com, and IG Group rank as the top choices. Interactive Brokers leads with regulation from SEC, CFTC and 0.2 pips min spread. Rankings are calculated algorithmically — no paid placements.
Filter by market
Sort by
Min. Deposit
$0
Max Leverage
1:4
Spreads From
0.2 pips
Commission
0.005
Min. Deposit
$100
Max Leverage
1:200
Spreads From
0.8 pips
Commission
$0
Commission-free
Min. Deposit
$250
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$0
Max Leverage
1:200
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0.7 pips
Commission
$0
Commission-free
Min. Deposit
$5
Max Leverage
1:1000
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$50
Max Leverage
1:30
Spreads From
1 pips
Commission
$0
Commission-free
Min. Deposit
$2000
Max Leverage
1:200
Spreads From
0.4 pips
Commission
0.08
Min. Deposit
$100
Max Leverage
1:300
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:400
Spreads From
0.9 pips
Commission
$0
Commission-free
Min. Deposit
$20
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$1
Max Leverage
1:3000
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$50
Max Leverage
1:30
Spreads From
0 pips
Commission
3
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0.1 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:500
Spreads From
1 pips
Commission
$0
Commission-free
Min. Deposit
$1000
Max Leverage
1:100
Spreads From
1.3 pips
Commission
$0
Commission-free
Min. Deposit
$5
Max Leverage
1:2000
Spreads From
0 pips
Commission
3
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$10
Max Leverage
1:2000
Spreads From
0.1 pips
Commission
3.5
Min. Deposit
$100
Max Leverage
1:300
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
0.08
Min. Deposit
$100
Max Leverage
1:200
Spreads From
0.1 pips
Commission
3.5
Min. Deposit
$0
Max Leverage
1:4
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$10000
Max Leverage
1:30
Spreads From
0 pips
Commission
0.02
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$25
Max Leverage
1:400
Spreads From
0.7 pips
Commission
$0
Commission-free
Min. Deposit
$50
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$10
Max Leverage
1:2000
Spreads From
0.1 pips
Commission
0.5
Min. Deposit
$0
Max Leverage
1:4
Spreads From
0 pips
Commission
0.01
Min. Deposit
$0
Max Leverage
1:4
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$1
Max Leverage
1:30
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
2.25
Min. Deposit
$0
Max Leverage
1:400
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$25
Max Leverage
1:500
Spreads From
0.2 pips
Commission
3
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
2.95
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0.2 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
4
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
1.75
Min. Deposit
$500
Max Leverage
1:500
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.25
Min. Deposit
$100
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$1
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$500
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$1
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
10.5
Min. Deposit
$1
Max Leverage
1:1
Spreads From
0 pips
Commission
0.5
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.35
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
0.4
Min. Deposit
$0
Max Leverage
1:3
Spreads From
0 pips
Commission
0.175
Min. Deposit
$0
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$5
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
3.99
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.3
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.35
Min. Deposit
$250
Max Leverage
1:200
Spreads From
1 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
6.5
Min. Deposit
$100
Max Leverage
1:1
Spreads From
0 pips
Commission
2
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
11.95
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
9.5
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
11.5
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
13
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
9.95
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
9.95
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
10
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
19.95
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Choosing the right stock broker in South Africa requires careful consideration of several key factors. First and foremost, regulatory compliance is crucial. The Financial Sector Conduct Authority (FSCA) is the primary regulatory body in South Africa, ensuring that brokers adhere to stringent standards designed to protect investors. Selecting a broker regulated by the FSCA or other reputable international bodies like the FCA or ASIC can provide added peace of mind for investors.
Another critical factor is the fee structure. South African traders should be mindful of both the visible and hidden costs associated with trading. This includes commissions, spreads, withdrawal fees, and any other charges that could impact overall profitability. Brokers offering transparent fee structures with competitive pricing are generally more appealing to investors looking to maximise their returns.
Lastly, the trading platform's functionality and ease of use can significantly influence the trading experience. A user-friendly interface with robust analytical tools, real-time data, and seamless execution is essential for both novice and experienced traders. Additionally, having access to a diverse range of markets and financial instruments can enhance a trader's ability to diversify their portfolio effectively.
Our ranking methodology for stock brokers in South Africa is comprehensive and objective, designed to provide a balanced evaluation of each broker's offerings. We allocate 25% of our scoring to regulation, recognising the importance of trust and security in the financial sector. A further 20% is dedicated to fees, ensuring that brokers offering competitive and transparent pricing are duly rewarded in our rankings.
We also consider the quality of trading platforms, which account for 15% of the overall score. The variety of markets available and the broker's trustworthiness each contribute 10% and 15% respectively. Finally, user experience, which includes customer service and the overall ease of use, constitutes 15% of the total score. This balanced approach ensures that all critical aspects of broker services are thoroughly evaluated.
Real share trading gives you ownership and dividend rights. Stock CFDs let you trade price movements with leverage but you don't own the underlying share. CFDs are better for short-term speculation; real shares suit long-term investing.
With CFDs, brokers typically apply a dividend adjustment to your account rather than paying the actual dividend. Long positions receive a credit; short positions receive a debit.
Most brokers in this ranking offer access to major exchanges including NYSE, NASDAQ, LSE, and Euronext. Check each broker's market page for the full list of supported exchanges.
Based on our scoring algorithm, Interactive Brokers currently ranks #1 with a score of 4.4/5. Scores are recalculated every 24 hours as broker data changes.
Stocks 72%, Crypto 49%, Forex 36%
BrokerRank Research — What markets do brokers actually cover?
Regulation Has 0.84 Correlation With Rating
BrokerRank Research — Which factors matter most?
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
Our #1 pick for 2026
Interactive Brokers
How do we rank brokers?
Our algorithm weights regulation (25%), fees (20%), platform (15%), markets (10%), trust (15%) and UX (15%). No paid placements — ever.
Trading involves risk of loss. Rankings are for informational purposes only — not financial advice. Full risk disclosure.