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| Broker | Radar score | Execution speed | African licence | All regulators | Min deposit | African-currency accounts | Deposit currencies | Payment methods | Withdrawals | Max leverage | EUR/USD spread | Commission | Execution | Currency pairs | Instruments | Platforms | Account types | Support | Islamic | Copy trading | Founded | Last checked |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HFM | 9.1/10 | Not published or independently tested HFM says it's 'one of the fastest in the industry' but gives no figure Source ↗ |
| FSCA (South Africa), CMA (Kenya), FCA, CySEC, DFSA, FSC, FSA | $0 Cent/Premium/Zero (≈$5 by payment method) | KES, ZAR | USD, ZAR, KES, NGN |
| E-wallets same day · SA bank ≤2 days · cards up to 10 business days | Up to 1:2000 (1:400 under CMA) | ~1.0 pip EUR/USD on Premium · from 0.0 on Zero | None on Premium · per lot on Zero | Market execution · no requotes | 50+ currency pairs | 1,000+ — FX, metals, energies, indices, stocks, bonds, ETFs, crypto | MT4, MT5, HFM App, WebTrader | Cent, Premium, Zero, Pro | 24/7 · live chat, email, phone | Yes | Yes | 2010 | ✓ Oct 2026 |
 Exness | 8.9/10 | ~88 ms market orders (independent test) Exness doesn't publish a number — it says execution is 'nearly instantaneous' Source ↗ |
| FSCA (South Africa), CMA (Kenya), FCA, CySEC, FSA, FSC, FSC, CBCS | $10 Standard · $200 Pro/Raw/Zero | ZAR, KES, NGN | USD, ZAR, KES, NGN, + many more |
| Mostly automated; e-wallets and M-Pesa often within seconds | Up to 1:2000 (1:400 under CMA) | ~0.7 pips EUR/USD on Standard · from 0.0 on Raw/Zero | None on Standard · per lot on Raw & Zero | Market & instant execution | 100+ currency pairs | 200+ — FX, metals, energies, indices, stocks, crypto | MT4, MT5, Exness Terminal, Exness Trade app | Standard, Standard Cent, Pro, Raw Spread, Zero | 24/7 live chat, email, phone · 15+ languages | Yes | Yes | 2008 | ✓ Oct 2026 |
| Pepperstone | 7.6/10 | ~100 ms market orders (independent test) Pepperstone says most orders fill in under 30 ms once they reach its servers Source ↗ |
| ASIC, FCA, CySEC, BaFin, DFSA, SCB, CMA (Kenya) | $0 | None | USD, EUR, GBP, AUD, + more |
| Processed same day; arrival depends on method | Up to 1:400 (Kenya) | ~0.77 pips on Standard · ~0.10 + commission on Razor | $7 round turn on Razor (MT) | No dealing desk | 90+ currency pairs | 1,200+ — FX, indices, commodities, shares, ETFs, crypto | MT4, MT5, cTrader, TradingView, Pepperstone app | Standard, Razor | 24/7 · live chat, phone, email | Yes | Yes | 2010 | ✓ Oct 2026 |
| FXTM | 7.2/10 | ~210 ms market orders (independent test) No current figure from FXTM Source ↗ |
| FCA, CySEC, FSCA (South Africa), CMA (Kenya), FSC | $10 Micro · $500 Advantage | NGN | USD, EUR, GBP, NGN |
| Fees on every method (bank €1–30, e-wallets 0.5–2%) | Up to 1:2000 (1:400 under CMA) | ~1.5 pips on Micro · from 0.0 on Advantage | $0.40–$2/side on Advantage | Market execution | 62 currency pairs | 1,000+ — FX, metals, indices, stocks, commodities | MT4, MT5, FXTM Trader app | Micro, Advantage, Advantage Plus | 24/5 plus weekend hours · chat, WhatsApp, Telegram, phone · 22+ languages | Yes | Yes | 2011 | ✓ Oct 2026 |
 XM | 7.0/10 | ~184 ms market orders (independent test) XM says 99.7% of orders fill in under 66 ms (sponsored press, Aug 2026) Source ↗ |
| FSCA (South Africa), CySEC, DFSA, FSC, FSA, FSC | $5 | ZAR | USD, EUR, GBP, ZAR |
| E-wallets within 24h · cards & bank 2–5 days | Up to 1:1000 | From 1.6 pips on Standard · from 0.8 on Ultra Low | None on Micro, Standard, Ultra Low | Market execution · no requotes | 55+ currency pairs incl. USD/ZAR | 1,400+ — FX, metals, indices, energies, shares, crypto | MT4, MT5, XM App | Micro, Standard, Ultra Low, Shares | 24/5 · live chat, email, phone · 20+ languages | Yes | Yes | 2009 | ✓ Oct 2026 |
| AvaTrade | 7.0/10 | ~145 ms market orders (independent test) No figure from AvaTrade Source ↗ |
| Central Bank, ASIC, FSCA (South Africa), FSA, CySEC, FSC | $100 | ZAR | USD, EUR, GBP, ZAR |
| 1–5 business days · no AvaTrade fees | Up to 1:400 (varies by entity) | From 0.9 pips EUR/USD | None (spread-only) | Market maker | 50+ currency pairs | 1,250+ — FX, stocks, indices, commodities, options, crypto | MT4, MT5, AvaTradeGO, AvaOptions, WebTrader | Retail, Islamic, Professional | 24/5 · chat, WhatsApp, phone · English & Afrikaans | Yes | Yes | 2006 | ✓ Oct 2026 |
| IC Markets | 6.4/10 | ~153 ms market orders (independent test) IC Markets says its average is under 40 ms once the order reaches it Source ↗ |
| ASIC, CySEC, FSA, SCB | $0 Standard/Raw · $100 Raw Pro | None | USD, EUR, GBP, + more |
| Processed same day | Up to 1:500+ (offshore) | From 0.8 pips on Standard · from 0.0 on Raw | $3.50/side (MT) on Raw | Raw ECN-style pricing | 60+ currency pairs | 2,200+ — FX, indices, commodities, stocks, bonds, crypto | MT4, MT5, cTrader, TradingView, WebTrader | Standard, Raw Spread, Raw Pro, Raw Pro+ | 24/7 · chat, email, phone | Yes | Yes | 2007 | ✓ Oct 2026 |
| FBS | 5.8/10 | ~118 ms market orders (independent test) FBS's EU site says 95% of orders fill within 0.4 s Source ↗ |
| CySEC, ASIC, FSC | $5 (Standard needs $15) | None | USD, EUR |
| Varies by method | Up to 1:3000 (offshore) | From 0.7 pips | None on most instruments | Market execution | 35+ currency pairs | 550+ — FX, metals, indices, stocks, energies | MT4, MT5, FBS app | Standard, Islamic | 24/7 · chat, phone, email | Yes | No | 2009 | ✓ Oct 2026 |
| Deriv | 5.4/10 | Not published or independently tested Deriv publishes no execution figure |
| MFSA, Labuan FSA, VFSC, FSC, FSC | From $5 (method-dependent) | None | USD, + local via agents |
| Processed within 24h (Deriv's claim) | Up to 1:1000 | Variable (not published as an average) | None on most accounts | Market execution | 50+ currency pairs | 300+ — FX, synthetic indices (24/7), stocks, commodities, crypto, ETFs | Deriv MT5, Deriv cTrader, Deriv Trader, Deriv Bot | Standard (MT5), Financial (MT5), Swap-free | 24/7 · live chat, help centre | Yes | Yes | 1999 | ✓ Oct 2026 |
| FXCM | 5.4/10 | ~189 ms market orders (independent test) FXCM says its average is 17 ms once the order reaches it (Jan–Sep 2025 data) Source ↗ |
| FCA, ASIC, CySEC, FSCA (South Africa) | $50 | None | USD, EUR, GBP |
| 1–3 business days | Up to 1:30 on majors (SA) | Variable, shown live on platform | On Active Trader | No dealing desk | 40+ currency pairs | FX, indices, commodities, stock baskets, crypto | Trading Station, MT4, TradingView | Standard, Active Trader | 24/5 · chat · complaints escalate to the FAIS Ombud | No | No | 1999 | ✓ Oct 2026 |
Facts last checked against broker sites, regulator registers and independent reviews. Always confirm which entity you sign up with.
Execution speed: to compare like with like, we use one independent test — CompareForexBrokers' 2026 test of average market-order speed on MT4 demo accounts. Brokers' own figures are usually lower because they only time the order once it reaches their servers; we show those underneath. Your speed also depends on your internet connection and distance to the server.