Crypto CFD Broker


Best Cryptocurrency Brokers in South Africa

cryptoCryptocurrency trading has gained immense popularity in South Africa. Citizens are taking an active interest in it. Here is when the role of brokers come in. South Africa has already deemed trading cryptocurrencies as legal within the country even if most of the cryptocurrency brokers remain unregulated. According to the taxation laws of South Africa, income from cryptocurrency trading is also subject to the general taxation norms. Therefore, when choosing a cryptocurrency broker in South Africa it is best to go by popularity.

 

 

 

Overview: Crypto Broker Comparison Tabel


*Note: CFDs carry Risk. 73-89% of traders lose​ 
BrokerWebsiteRegulationCryptosMax. Crypto LeverageMin DepositDemo
avatrade broker Visit Broker*
Avatrade Review
FSB and others 
sa flag
Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Monero, NEO, IOTA, Zcash, Qtum. 1:20  $ 100 Yes
plus500 120x80 Visit Broker*
Plus500 Review
FSP/ASIC 
sa flag
Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, IOTA 1:300

 $ 100

Yes
cm trading reviews logo Visit Broker*
CMTrading Review
FSB 
sa flag
Bitcoin, Litecoin, Ripple, Ethereum 1:5  $ 250 Yes
IQ Option 120x80 Visit Broker*
IQ Option Review
CySEC and others
europa flag
>13 major cryptocurrencies

1:5

$ 10

Yes
markets 120x80logo Visit Broker*
Markets.com Review
FSB, CySEC
sa flag
Bitcoin, DASH, Ethereum, Litecoin, Ripple, Bitcoin Futures 1:5  $ 100 Yes
bancdeswiss newslogo120x80 Visit Broker*
BDSwiss Review
CySEC and others
europa flag
Bitcoin, Ethereum and Litecoin 1:5  $ 200 Yes

 

#1 AvaTrade


 
avatradeweb
Avatrade Website

Overview:

  • Available Cryptocurrencies – Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Monero, NEO, IOTA, Zcash, Qtum.
  • Minimum Deposit - $100 (T&Cs apply)
  • Max. Crypto Leverage - 1:20
  • Regulated by – FSB in South Africa - and others
  • Demo Account: Yes

  

avatrade brokerAvaTrade has also joined the list of cryptocurrency exchanges and is making a remarkable job out of it. When it comes to cryptocurrency trading, AvaTrade offers Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero, NEO, IOTA, Zcash and Qtum to their clients. The clients of AvaTrade can start trading cryptocurrencies by investing as low as $100. The broker is known to offer competitive swap rates. The leverage offered by the online broker can range as high as 20:1. The traders can trade Bitcoin, Bitcoin Cash, Litecoinand Ethereum on the MT4 platform provided by AvaTradeand the AvaTradeGO app. The customer service team is open to all queries all day long and the platform of AvaTrade supports a whopping total of 14 languages. Therefore, the South African cryptocurrency traders will have no problem following the website. The assistance team of the broker guides the neophytes in every step of trading.

Note: Your capital is at risk


 

#2 Plus500


 
Plus500
Plus500 Website

Overview:

  • Available Cryptocurrencies: Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, IOTA and others...
  • Minimum Deposit: $100
  • Maximum Leverage: 1:300 (T&C Apply)
  • Regulated by: ASIC/FSP in South Africa
  • Demo Account: Yes

  

Markets

Plus500AU Pty Ltd is licensed by ASIC in Australia (AFSL #417727), FMA in New Zealand (FSP #486026), Authorised Financial Services Provider in South Africa (FSP #47546) and offers Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash and IOTA for trading in South Africa. The South African cryptocurrency traders can choose to trade the crypto coins at any time except for Sunday (13:00 to 14:00 UTC). The broker does not charge any commission and the leverage offered is up to 1:300. It depends on the tradable asset and the market situation. Plus500 has a negative balance protection in place and all the transaction records are SSL (secured socket layer) encrypted. The propietary software program of Plus500 has an intuitive and user-friendly interface. The cryptocurrency broker allows the traders to easily swap from demo account to real account. This helps in testing a strategy and immediately using it in the live trading arena. This is extremely helpful as the market of cryptocurrency is highly volatile. The minimum amount a trader has to pay to start trading through a real cryptocurrency account in Plus500 is $100 only. 

Note: Your capital is at risk


 

#3 CM Trading


 
CMTrading
CM Trading Website

Overview:

  • Available Cryptocurrencies: Bitcoin, Litecoin, Ripple, Ethereum
  • Minimum deposit: 250$
  • Maximum Crypto Leverage: 1:5 (T&Cs apply)
  • Regulated by: Financial Services Board (FSB)
  • Demo Account: Yes

  

CM TradingAs cryptocurrency has gained popularity worldwide, CM Trading, headquartered at Johannesburg has also joined the league. CM Trading is regulated by Financial Services Board or FSB of South Africa. Thus, the cryptocurrency traders from the country need not worry about it being a scam or about security. The broker offers Bitcoin, Litecoin and other top ranking cryptocurrencies for trading. CM Trading claims to have comparatively lower transaction fees and the traders can access their funds by simply using their digital key. The funds stored as a virtual currency cannot be limited by any entity or frozen unlike traditional currency. CM Trading has made it to the top 6 list of brokers in South Africa due to its easy accessibility features. There is also almost nil chance of being a victim to frauds as a transaction done using a crypto coin cannot be reversed. CM Trading allows the cryptocurrency traders to have total custody of their deposits as it involves a P2P network structure. Therefore, with CM Trading the trader can engage smart contracts without dealing with any intermediaries.

Note: Your capital is at risk


 

#4 IQ Option


 
iqoption web
IQ Option Website

Overview:

  • Available Cryptocurrencies : 13 major cryptocurrencies and 20+ cross-pairs
  • Minimum Deposit: $10 for crypto-CFDs
  • Max. Crypto Leverage: Cryptocurrencies- 1:5 (T&Cs apply)
  • Regulated by : CySec
  • Demo Account: Yes

  

IQ Option 120x80IQ Option is most popular as a Binary Options broker. However, the broker has rapidly gained popularity in South Africa as a safe haven for trading cryptocurrencies. The interface of IQ Option has won many accolades and is known for being intuitive. Its features allow easy navigation. The traders can invest in more than 15 cryptocurrencies like Bitcoin, Ethereum, Litecoin and other top cryptocurrencies through the trading platform of IQ Option. The broker has a two-step authentication process that helps in securing the trading accounts and transaction data of its clients. The company offers customer support 24x7 and the traders can choose any of the 16 languages as per their convenience. The clients can also buy real cryptocurrencies and select to store their funds in the account created at the crypto exchange or can transfer them to their own cryptocurrency wallet. The cryptocurrency traders can choose to withdraw funds in traditional currency through Visa, Mastercard or other mediums accepted by the broker. The broker company, IQ Option is regulated by CySEC even if there is no such separate cryptocurrency regulatory body for South Africa till now.

Note: Your capital is at risk


 

#5 Markets.com


 
Markets
Markets.com Website

Overview:

  • Available Cryptocurrencies: Bitcoin, DASH, Ethereum, Litecoin, Ripple, Bitcoin Futures
  • Minimum Deposit: $100
  • Maximum Crypto Leverage: 1:5 (T&Cs apply)
  • Regulated by: CySEC, FSB
  • Demo Account: Yes

  

markets 120x80logoMarkets.com is popular as a forex/CFDs broker as well as a cryptocurrency broker. Even though cryptocurrency is relatively new to the other financial markets, its incredible growth has captured the attention of several countries, South Africa being one of them. Markets.com thus offers Bitcoin Futures, Ripple, Ethereum and Litecoin for the South African cryptocurrency traders. The broker also offers cryptocurrency CFDs trading. The minimum deposit at Markets.com is $100 only and the trading platforms are MT4 and WebTrader. The company Markets.com is regulated by CySEC as well as FSB of South Africa. It takes every precautionary step to ensure safety of the clients’ trading accounts, personal data and transaction data.

Note: Your capital is at risk


 

#5 BDSwiss


 
BDSwiss com
Bdswiss.com Crypto Website

Overview:

  • Minimum deposit: $200
  • Max. Crypto Leverage: 1:5 (T&Cs Apply)
  • Tradable Assets: +200
  • Regulated by CySec and others
  • Demo Account: Yes

  

BDSwissBDSwiss is a renowned cryptocurrency brokerage website that is regulated by CySEC and FSB in South Africa. The minimum deposit amount for trading cryptocurrencies is $200 while the leverage offered can be as high as 1:400. The leverage may vary depending on several factors like the market condition, crypto coin chosen by the trader and so on. BDSwiss offers three major cryptocurrencies to its clients for trading (Bitcoin, Ethereum and Litecoin). The lot size per position of these tradable assets range from 0.1 to 1. The education section of BDSwiss is a boon to the inexperienced traders as there are many articles that relate to cryptocurrency trading, chart reading techniques and so on.

The above-mentioned cryptocurrency brokers have designed apps for mobile trading and this has helped the South African cryptocurrency traders to enjoy the volatile market from any region at any point of time.

Note: Your capital is at risk


Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved. Especially trading leveraged products such as Forex and CFDs carry a high degree of risk to your capital and can result in the loss of your entire capital. Only invest with money you can afford to lose.