8 Best Forex Brokers in South Africa that accept Zotapay

Zotapay is one of the best global payment service providers in the world. The provider offers comprehensive online payment processing solutions to a wide range of emerging markets along with forex brokers and other financial services providers.

Of all the forex brokers that support the use of this comprehensive online payment solution, the following forex brokers are the best to offer Zotapay to South African forex traders.
8 Best Forex Brokers in South Africa that accept Zotapay

IFX Brokers


IFX Brokers is a South African forex and CFD broker that has been in operation for three years. In the past few years, IFX Brokers has grown to become one of the leading forex and CFD trading providers in South Africa, providing a safe, fair, and transparent trading environment to both beginner and professional traders.

IFX Brokers offers a choice in retail trading accounts that feature competitive trading conditions and flexible solutions. IFX Brokers offers ECN trade execution and some of the most reputable liquidity providers including top financial institutions.

Pros and Cons


Offers a choice between payment methods including credit cards, debit cards, bank wire transfers, and electronic payment gateways

Offers a choice between retail investor accounts

Traders can expect a range of trading tools, educational materials, and risk management tools

Competitive variable spreads and commission-free trading

Flexible deposit methods offered and a competitive minimum deposit

Provides a solid regulatory framework through the Financial Sector Conduct Authority (FSCA)

forex brokers with metatrader 4 and 5



Founded in 2009, FXGlobe is a well-regulated Cyprus-based forex and CFD online broker and one of the best market makers in the industry. Traders are given access to more than 80 financial instruments that can be traded, spread across major currencies, minor currencies, exotic currency pairs, stocks, shares, CFDs, cryptocurrencies, and several others.

FXGlobe caters for beginner traders and institutional investors, providing access to different trading calculators, an economic calendar, and innovative market analysis that can be used to gauge the market conditions and exchange rates on the trading day, helping traders make informed trading decisions.

Pros and Cons

Well-regulated globally-recognised online broker
MetaTrader offered across the web, desktop, and mobile platforms
Offers trusted, convenient account funding options including wire transfer, debit cards, and others
Provides experienced traders access to advanced trading solutions
Competitive spreads are offered
Welcomes all types of traders
There are no social trading opportunities offered
There is no social trading platform provided
There is a limited selection of educational tools
There are limited non-forex trading instruments



Established in 2007, AETOS is one of the most trusted international brokers that is based in Australia with regulation through the Financial Conduct Authority, or FCA, and the Australian Securities and Investment Commission (ASIC).

AETOS has over 200,000 registered traders from around the world and the broker provides comprehensive expert analysis to professional traders. AETOS has a high level of trustworthiness in the forex industry and offers a range of funding methods.

Pros and Cons

Well-regulated by the FCA and ASIC
Welcomes all types of traders from around the world including South Africa
Offers experienced traders access to Trading Central
Provides access to the web, desktop, and mobile trading platforms
Offers decent maximum leverage across different asset classes

Competitive trading conditions are offered

The average spreads are not the lowest
No Stock CFDs offered

Demo accounts expire after two weeks

There is no trading academy provided to novice traders

United States, Canada, and New Zealand clients are not accepted

Global Prime


Global Prime has been in operation for more than a decade and it is a well-known ECN, STP, and Direct Market Access (DMA) forex and CFD trading broker. Global Prime is one of the best international brokers for South Africans, recognised for its customizable liquidity solutions that are offered to retail forex traders and institutional traders.

Global Prime offers some of the most competitive trading conditions, FIX API connectivity for advanced traders, a powerful proprietary trading platform, and a transparent trading environment where all trading styles and trading strategies are welcome.

Pros and Cons


Offers flexible funding options for deposit and withdrawals

Offers educational materials for beginner forex traders

Provides experienced traders useful trading tools to track market movements and the exchange rate of different minor, exotic pairs, and major currency pairs

FIX API offered to advanced traders

Client funds are segregated and kept in bank accounts with reputable financial institutions

Well-regulated and high level of trustworthiness

United States clients are not accepted

There is a limited selection of non-forex trading instruments

ZERO Markets


Established in 2016, ZERO Markets is an online trading broker that is known for its wide range of financial markets that can be traded including foreign exchange, shares, indices, precious metals, and a wide range of CFDs across different markets.

ZERO Markets offers a choice in trading account options, flexible funding methods, and competitive trading conditions with tight average spread, commission-free trading, and high maximum leverage ratios.

Pros and Cons

Offers sophisticated trading platforms for advanced forex traders
There is a range of financial instruments offered along with comprehensive market analysis materials
There are several trading features offered and a range of automated trading strategies supported
Traders can use several advanced trading tools to improve and refine their trading skills
Beginner traders are given access to educational materials

Traders have access to different alternative payment methods 

United States traders are not accepted

ATC Brokers


Established in 2005, ATC Brokers is a well-regulated and popular forex and CFD trading broker headquartered in the United Kingdom. ATC Brokers is based in the UK but welcomes retail forex traders from other regions including South Africa, but not countries that are a part of the OFAC list or where forex trading is prohibited.

ATC Brokers is a trusted financial services provider that operates a transparent model, meaning that the broker will never take a position against their forex clients. All client orders that are received through the trading platforms are routed to some of the best liquidity providers.

ATC Brokers offers its South African clients a scalable back office and innovative features through powerful trading technology. There is also an Application Interface that allows advanced traders to connect their trading strategies to the execution venue using robust FIX API technology.

ATC Brokers is well-regulated and provides investor protection through the Financial Services Compensation Scheme (FSCS). All client deposits are kept in segregated accounts with top financial institutions, with frequent audits carried out on these bank accounts to ensure transparency.

Pros and Cons

Well-regulated and trusted forex broker
Supports flexible funding options such as bank wire, bank transfer, and several payment gateways
Market news is frequently updated
Provides powerful trading tools, in-depth market analysis, technical analysis, and other helpful resources
ECN execution model ensures the best pricing and fast trade execution speeds

Offers MT Pro plugin for the MetaTrader 4 trading platform


High commission fees are charged

High minimum initial deposit

The demo account expires after two months

Limited funding options offered

High withdrawal fees are charged



BKFX is a new forex and CFD broker headquartered in South Africa. BKFX is licensed and authorised by the Financial Sector Conduct Authority in providing a wide range of tradable instruments including foreign currency, shares, commodities, and several other instruments spread across international markets.

BKFX is a multi-asset forex and CFD trading broker with bespoke trading brokerage services that are tailor-made for institutional traders, fund managers, and other professional clients worldwide. BKFX offers excellent market conditions, transparent trading environments, low-latency, and high protection of funds.

In addition, traders are also granted access to a wide range of learning resources, a powerful forex trading platform, and a range of trading tools including VPS, PAMM trading, copy trading, and an economic calendar that indicates upcoming market events.

Pros and Cons

Offers the use of MetaTrader on the web, desktop, and mobile trading platforms
Offers a choice in financial instruments that can be traded
Well-suited to professional traders
Traders can expect powerful trading tools and market resources
Educational materials are provided on the website

Ultra-low minimum deposit is required when South African traders register an account


Options and exchange-traded funds are not offered

US clients are not allowed




Established in 1996, NPBFX is an STP and No-Dealing Desk (NDD) broker that caters to traders from around the world, including South Africa. NPBFX offers traders access to robust social trading platforms, educational material, forex trading signals, and comprehensive news and analysis resources.

NPBFX offers more than 45 financial assets that can be traded, using STP and NDD execution for orders to be sent to some of the most reputable liquidity providers such as Deutsche Bank, Citi, BNP Paribas, and several others.

Pros and Cons

Well-regulated STP and NDD forex broker
Provides a plethora of social trading opportunities
Caters for beginner traders and professional investors
Offers real-time trading signals
Provides news feeds and analytics from Claws & Horns

The minimum deposit requirements are low


There is a limited selection of tradable assets

Stock trading is not offered

Spreads are marked-up to include the broker fees

A limited selection of trading platforms are offered


Yes, forex trading is a legal activity in South Africa.

Yes, several forex brokers in South Africa support the use of this payment solution.

To ensure that you receive quality trading services and a safe, fair, and transparent trading environment where your funds are safeguarded and where you get investment protection.

Some forex brokers charge deposit and withdrawal fees on some payment solutions while others cover these fees.

Yes, these forex brokers keep client funds in segregated accounts with top tier banks.