Best MT4 Broker in South Africa

MT4 Broker

In this guide, you will discover some of the best MT4 brokers from South Africa. Metatrader 4 (MT4) is the most famous forex trading platform in the world, managed by most of the forex brokers in South Africa. This writeup will look at the best forex brokers using MetaTrader 4 in South Africa and explain why they stand out. We will also get the answer to frequently asked questions, such as what MT4 is, how it works, and how trading with specialist advisors can be automated.

To choose the best broker for MT4 in South Africa, we carefully compared trading charges, execution speed, and several forex pairs offered by brokers. We have also tested the quality of technical support for broker clients and made sure they are fully regulated to keep traders safe. So here are the best MT4 brokers in South Africa for 2021.

AvaTrade

Details

Minimum Deposit, USD 100, Regulator, ASIC/ FSA

Trading Desk, MetaTrader 4, MetaTrader 5 Crypto Yes,

Total Pairs 60, Islamic Account: Yes

Trading Fees: Low

Account Activation Time: 24 Hours

Visit Broker Avatrade

AvaTrade is a well-established Forex / CFD broker and was one of the first significant brokerages in the retail Forex/CFD field with multiple offices worldwide. AvaTrade offers you 55 other Forex currency pairs and crosses, with many exotics.

XM

Details

Minimum Deposit, USD 50, Regulator, IFSC/CYSEC/ ASIC

Trading Desk, MetaTrader 4, MetaTrader 5, web platform

Crypto No, Total Pairs 57,

Islamic Account: Yes

Trading Fees: Zero

Account Activation Time: 24 Hours.

Visit Broker XM

To help beginners, XM offers an educational platform and a demo account that allows users to trade $100,00 USD in virtual currency to gain learning and experience. The trading platform has over 1 million clients, with traders in 196 countries. XM prides itself on its outstanding customer service and a personalized approach for its client traders.

BlackStone Futures

Details

Minimum Deposit, 1000 ZAR, Regulator, FSA

Trading Desk, MetaTrader 4

Crypto: Yes, Total Pairs: 32

Islamic Account: Yes

Trading Fees: Low

Account Activation Time: 24 Hours

Visit Broker BlackStone Futures

Blackstone Futures is a well-organized FSCA-regulated broker available in Johannesburg, South Africa. Blackstone provides clients with two excellent trading platforms: the MetaTrader4 trading platform and their proprietary CloudTrade trading platform.

HotForex

Details

Minimum Deposit, USD 5, Regulator, CySEC, FCA, FSA, DFSA, FSCA

Trading Desk, MetaTrader 4, MetaTrader 5

Crypto: No, Total Pairs: 47

Islamic Account: Yes

Visit Broker HotForex

Trading Fees: Low

Account Activation Time: 24 Hours

HotForex was started in 2007 and is organized by FCA, CySEC, DFSA, FSCA, and SFSA. The HotForex MT5 remarkably offers 21 different timeframes, special analysis tools, trading across HotForex asset classes, about 100 simultaneous charts, about 80+ technical indicators, plus an in-built good economic calendar.