Abstract：Skrill is a popular online payment provider that is partnered with globally-recognised forex brokers, providing forex traders with a fast, reliable, and secure way to transfer funds from a trading account to their bank accounts.
Of all the forex brokers that accept the use of Skrill online payments, the following are the best forex brokers in South Africa that accept Skrill deposits and withdrawals.
IFX BrokersFeatures
IFX Brokers is one of the best South African forex brokers that provide traders with a wide range of trading opportunities across several financial markets.
IFX Brokers is based in South Africa and offers traders a choice between trading account types, powerful trading platforms and convenient funding methods such as Neteller, Skrill, Bitcoin, debit cards, credit cards, and other popular deposit and withdrawal methods.
TickmillFeatures
With offices in the United Kingdom, Cyprus, and Seychelles, Tickmill is an international forex broker that provides some of the most competitive trading conditions in the forex trading industry. Tickmill provides ECN and STP trading solutions across different forex markets along with CFD and stock markets.
Traders can trade major currency pairs, minor currencies, precious metals, and several other tradable instruments through powerful trading platforms. Tickmill offers a choice in retail investor accounts that have negative balance protection, tight spreads, and low commission charges.
IC MarketsFeatures
IC Markets was established in 2007 and it is one of the largest true ECN international brokers that accept South African traders, regardless of their trading strategy or trading experience. IC Markets offers a choice between CFD and forex markets, ensuring rapid trade execution derived from top liquidity providers.
IC Markets provides popular trading platforms and a range of trading opportunities. In addition, South African traders can also expect a range of funding options with the benefit that deposit fees and withdrawal fees are not charged.
| CONS |
| There are no fixed spread accounts offered |
| United States clients are not allowed |
ExnessFeatures
Exness is one of the best brokers for beginners in South Africa while simultaneously providing advanced trading options to professional traders. Exness has a solid multi-regulatory framework and provides South African traders with the chance to trade international financial markets.
Exness offers a choice between trading accounts, flexible funding options, powerful trading technology, and dedicated and prompt customer service.
| CONS |
| There is a limited selection of instruments offered |
| United States clients are prohibited from registering a trading account |
1MarketFeatures
1Market is a new broker that was recently established but has already made a name for itself in international markets. 1Market is a well-regulated financial service and trading provider that offers foreign currencies, stocks, indices, cryptocurrency trading, and several CFDs for trading online.
Traders are given access to a powerful forex trading platform that can be used across several devices, commission-free trading, and a reliable execution policy.
| CONS |
| US clients are not allowed |
| A high minimum deposit is required |
AvaTradeFeatures
AvaTrade is one of the best market makers and STP online forex brokers in the industry that caters for those who are trading forex and various other financial markets. AvaTrade welcomes South African traders and provides them with a solid regulatory framework through the Financial Sector Conduct Authority (FSCA), and several other market regulators.
AvaTrade offers over 1,250 tradable instruments across several asset classes. South African traders can use third-party applications or opt for AvaTrades proprietary trading platforms. AvaTrade offers comprehensive technical analysis, fundamental analysis, and a plethora of social trading opportunities.
| CONS |
| Managed accounts not offered |
| Social trading is not supported |
QuickTradeFeatures
QuickTrade is a South African forex and CFD trading broker that provides traders access to a range of currency pairs, exchange-traded funds (ETFs), stocks, and several other financial markets.
QuickTrade is a well-regulated broker and financial services provider in South Africa, providing a safe, fair, and transparent trading environment to all beginner and professional traders.
XMFeatures
XM Group has been in operation for more than a decade and it has grown to become one of the leading online brokers in the industry that welcomes South African forex traders. More than 2.5 million traders have registered a retail investor account with XM Group, benefitting from the brokers competitive pricing and flexible solutions.
XM Group is a broker for beginners and professional traders who need the best possible pricing, innovative trading solutions, in-depth market analysis, and a wide range of trading tools and flexible funding options including bank wire transfer, card payment, and several others.
FXTMFeatures
FXTM is a United Kingdom, Cyprus, Mauritius, and South African-based ECN and STP online trading broker that has been in operation since 2011. FXTM has won several industry awards for various achievements from best trading experience to best investment broker, most innovative broker, and several others.
FXTM has more than a million registered accounts and accepts both beginner and experienced traders despite their trading experience. FXTM offers leading trading conditions alongside a variety of trading tools, educational materials, and convenient deposit methods and withdrawal options.
| CONS |
| There is an inactivity fee charged on dormant accounts |
| US clients are not accepted |
AdmiralsFeatures
Established in 2001, Admirals has grown to become a leading online trading provider in the past two decades. Admirals accepts traders from most regions despite whether they are novice traders or professional investors.
Admirals offers flexible account types that feature tight spreads, fast execution, and multiple funding options.
