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5 Best Forex Brokers Accepting Skrill in South Africa

by Atom Rhumba4 months agono comment
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Best Forex Brokers Accepting Skrill in South Africa

Skrill is a well-known online payment company that has worked with well-known forex brokers all around the world to give forex traders a quick, safe, and convenient option to withdraw funds from their trading accounts.

Following is a list of the top South African forex brokers that allow Skrill for both deposits and withdrawals.

1. IFX Brokers

Overview

When it comes to forex trading, IFX Brokers is among the best South African options, giving clients access to a wide variety of markets and currency pairs.

IFX Brokers is a South African forex broker that provides its customers with a variety of trading account options, robust trading platforms, and funding options like Neteller, Skrill, Bitcoin, debit cards, and credit cards.

Pros and Cons

Pros

High leverage available

MetaTrader 4 is supported.

Resources for learning are available

Cons

Features

Feature Information
Regulation FSCA
Minimum deposit from ZAR100
Average spread from 0,5 pips
Commissions from USD6
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5

2. Tickmill

Overview

Tickmill’s trading solutions include ECN and STP for the FX, CFD, and stock markets.

Via robust trading platforms, investors can trade in a wide variety of tradable assets, including major and minor currency pairs, minor currencies, precious metals, and more. Tickmill’s retail investor accounts come with features including negative balance protection, cheap commission rates, and tight spreads.

Pros and Cons

PROS CONS
Competitive pricing

Well regulated

High leverage

Advanced trading software

STP model

Features

Feature Information
Regulation FSA
Minimum deposit from $100
Average spread from 0.1 pips
Commissions from ‎2 per side per 100,000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $30 Welcome Bonus
Customer Support 24/5

3. IC Markets

Overview

Many people use IC Markets because of the variety of trading options and the ease with which they may access those platforms. Traders from South Africa can expect a variety of funding alternatives, including the absence of deposit and withdrawal fees.

Pros and Cons

PROS CONS
Low forex fees

Easy and fast account opening

Free deposit and withdrawal

No Negative Account Balance Protection

Limited number of available CFDs

Features

Feature Information
Regulation ASIC
Minimum deposit from $200
Average spread from 0.0 pips
Commissions from ‎None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/7

4. Exness

Overview

For those just starting out in the trading world, Exness is a great choice, and for those with more experience, it offers a wide variety of specialized tools. Exness, with its robust multi-regulatory framework, gives South African traders access to the global financial markets.

 

Pros and Cons

PROS CONS
Well-regulated
Tight spreads
Over 130 currency pairs

Features

Feature Information
Regulation CySEC, FCA
Minimum deposit from $1
Average spread from 1.3 pips
Commissions from 3 USD and 10 USD per 1 lot for CFDs
Deposit/Withdrawal Fees None
Maximum Leverage 1:2000
Bonuses Standard +10% Bonus Programme
Customer Support 24/5 – multilingual

5. AvaTrade

Overview

For people interested in trading foreign exchange (FX) and other financial markets online, AvaTrade is among the best market makers and STP brokers available. Through the Financial Sector Conduct Authority (FSCA) and other market authorities, AvaTrade welcomes traders from South Africa and provides them with a robust regulatory environment.

Pros and Cons

PROS CONS
Broad range of tradable instruments High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

Features

Feature Information
Regulation Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses First Deposit Bonus
Customer Support 24/5 – multilingual

Also Read: 5 Essential Steps to Start an Online Business

ForexIFX BrokersSkrillSouth Africa
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