Binary Trading Companies In South Africa

Best Bitcoin Brokers in Southward Africa 2022

We compared twenty+ Bitcoin CFD brokers in South Africa, and have listed the ones that offer Bitcoin trading at everyman fees.

Best Bitcoin Brokers in South Africa for 2022
If you are looking to trade bitcoin in South Africa, you can do it in 2 ways.

First, you tin can buy Bitcoin straight through a crypto exchange, shop it in a BTC wallet & wait for the Bitcoin's price to ascension, then sell information technology later when bitcoin is at a higher price to make a turn a profit. The downside of this is the risk related to security of your BTC wallet, and the exchange, and the fees involved in exchanging. Also, you cannot place a sell order if you want to speculate on the fall in cost of Bitcoin.

Second method is to trade Bitcoin as a CFD trading musical instrument at regulated forex brokers, without really owning the asset i.eastward. you lot don't ain bitcoin just are only speculating on its price.

Here in this tutorial, we will cover the brokers that offer leveraged Bitcoin trading as CFDs in SA with the lowest fees.

For this guide, we looked into 20+ CFD brokers that offer Cryptocurrency trading in S Africa. Nosotros checked if they are locally regulated, number of crypto CFDs available on their platform, bitcoin trading fees, multi device support, and their customer back up.

And we have only listed downwards best regulated bitcoin brokers that offer crypto CFD trading for multiple crypto-currencies like BTC, Ethereum & Litecoin, and then that you tin speculate on the cryptocurrency market fluctuations in a regulated environment.

Let's start!

Best Bitcoin Brokers Compared

Here is our comparing of the bitcoin trading fees, regulations, bachelor cryptos, deposit required, and more factors for the top brokers to offering bitcoin trading in South Africa.

i. Exness – Best Bitcoin Broker in S Africa

Overall Rating ix.one/10

Visit Exness

Bitcoin Trading Fees: 1161.2 pips on average with Standard Account.
Minimum deposit: $i
Broker's Regulations: FSCA & FCA
Available Cryptos: vii Crypto CFD pairs

Our #1 Rated Bitcoin Trading platform in Due south Africa

Exness is a CFD trading banker that is licensed with FSCA in Southward Africa, FCA in the UK. So, it is a well regulated platform.

Exness offers as high as 1:100 leverage for cyrpto CFD trading. The minimum deposit required on their platform is $i USD.

Trading is available on 7 cryptocurrency CFD pairs i.due east. BTCUSDm, BCHUSDm, BTCJPYm, BTCKRWm, ETHUSDm, LTCUSDm & XRPUSDm. Their spread for crypto trading is bit higher on boilerplate & the verbal spread depends on the crypto instrument that you are trading & the market weather.

They offer Metatrader 4 & 5 trading platforms. There are no fees on deposit & withdrawals.

Exness Pros

Licensed with FSCA in South Africa.
7 crypto CFD pairs.
Depression minimum deposit.
Aught eolith & withdrawal charges

Exness Cons

Some users accept complained about support being inaccessible at times or deadening to answer to queries.

read our detailed Exness review

two. Plus500 – Overall All-time Cryptocurrency CFD provider

Overall Rating nine.one/ten

Visit Plus500 Trading CFDs is risky. Your capital is at chance.

Bitcoin Trading Fees: Variable depending on the trade.
Minimum deposit: R1500
Broker's Regulations: ASIC, CySEC & FCA
Available Cryptos: 14 Crypto CFD pairs

Our #two Rated Bitcoin CFD platform in S Africa

Plus500 is a regulated CFD trading platform, which also accepts South African traders. They are regulated with tier 1 regulators: ASIC, FCA & CySEC. They have 14 cryptocurrency CFD instruments available for trading on their CFD platform: Bitcoin, Ripple, Ethereum & eleven more.

Plus500 has the most number of crypto CFD instruments available out of all the platforms that we have compared. They offer max. leverage of upwardly to 1:30; depending on the crypto pair.

Trading is bachelor on 14 cryptocurrency CFD pairs i.due east. BTCUSD, LTCUSD, XRPUSD, ETHUSD, BTCETH, NEOUSD, ADAUSD (Cardano/USD) BABUSD (Bitcoin Cash ABC/USD), IOTUSD & more. The trading fees depends on the crypto CFD pair that you are looking to trade, but information technology is a flake college than other platforms.

They offer their own trading platform bachelor on web & mobile, and it is quite user friendly & like shooting fish in a barrel to use. The deposit & withdrawals are commissions-costless, their social club execution speed is likewise quick without delays. They too offering Chance Management Tools, which includes Guaranteed End Order protection. Their support is also skillful, available via Alive conversation & emails.

Plus500 Pros

Plus500 is a regulated CFD provider, regulated with ASIC (AFSL Due north. 417727), FCA (FRN 509909) & CySEC (Licence No. 250/14).
fourteen crypto CFD pairs available on their platform.
Their minimum eolith is R1500, which is non to high. And zero fees on deposits & withdrawals.
User friendly platform, available on mobile & spider web.
Negative remainder protection & guarantee Stop loss bachelor.
Support is good & available 24/5 via Live Conversation & emails.

Plus500 Cons

The trading fees for some Crypto CFDs is a bit higher than other platforms.

read our detailed Plus500 review

3. Hotforex – regulated with FSCA & offers Bitcoin Trading

Overall Rating 9.1/10

Visit Hotforex

Bitcoin Trading Fees: On average xxx units per BTCUSD trade.
Minimum deposit: $five
Broker's Regulations: FSCA, FCA & CySEC
Available Cryptos: 7 crpto pairs i.e. BTCUSD, BTCEUR, ETHUSD. ETHEUR, LTCEUR, LTCUSD & XRPUSD

Rank #two Bitcoin Broker in South Africa

Hotforex is a FCA & FSCA regulated CFDs & forex banker. They offer CFD trading on four cryptocurrencies Bitcoin, Litecoin, Ethereum & Ripple.

HotForex offers margin trading on cryptocurrencies with upto 1:10 leverage on this musical instrument, with trading available on vii cryptocurrency pairs.

They have very depression fees required to merchandise bitcoin, and you tin merchandise 1 Bitcoin for around $xxx spread with them. You can identify limit & stop orders to open up/close your merchandise, so you can choose your own position entry, exit levels. They likewise offer negative balance protection with each account.

They offer quick order execution, and then most of the trades with them are fulfilled without delays or re-quotes.

Hotforex Pros

Hotforex is regulated with FCA (Uk), CySEC, and in South Africa with FSCA under FSP No: 46632. Then it is considered rubber to merchandise with them.
vii crypto pairs are available for trading.
Their order execution is quick.
Their Bitcoin CFD trading fees is very competitive at around 30 units of currency ($thirty USD) on average per 1 BTCUSD merchandise.

Hotforex Cons

The standard market trading hours at Hotforex are express from Monday to Friday. So you cannot merchandise bitcoin CFD on weekends.

4. IC Markets – Low toll Bitcoin CFD banker

Overall Rating 9.1/10

Visit IC Markets

Bitcoin Trading Fees: On average $ten for 1 BTCUSD trade.
Minimum eolith: $200
Broker's Regulations: ASIC
Available Cryptos: 10 Cryptocurrency pairs

Ranked #3 Bitcoin Broker in South Africa

IC Markets is a low cost banker for Bitcoin CFD trading in South Africa. They are regulated with tier one ASIC regulation, and have the lowest fees when compared with other bitcoin brokers. Their cryptocurrency instruments available for CFD trading are also higher in number; including Bitcoin, Litecoin, Ripple, Ethereum, Nuance Coin & 4 other cryptos.

IC Markets has the everyman bitcoin trading fees of all the brokers that we have compared then far with around $10 USD on Bitcoin/USD CFD. They allow upwards to 1:x leverage on all their Cryptocurrency CFD instruments.

Y'all can trade on 10 cryptocurrency pairs i.e. BTCUSD (Bitcoin/USD), BCHUSD (Bitcoin Greenbacks/USD), ETHUSD (Ethereum/USD), LTCUSD (Litecoin/USD), DSHUSD (Dash coin/USD), XRPUSD (Ripple/USD), EOSUSD (EOS/USD), EMCUSD (Emercoin/USD), NMCUSD (Namecoin/USD) & PPCUSD (PeerCoin/USD). This is the highest offering of main cryptos & Altcoins by any regulated CFD broker.

They offer 3 trading platforms including MT4, MT5 & cTrader. Their order execution speed is besides quick without delays, plus their back up is likewise fair.

IC Markets Pros

IC Markets is ASIC regulated CFD banker (AFSL No. 335692).
10 cryptocurrencies available for CFD trading.
Their spread for crypto trading is very low.
IC Markets is a ECN broker, so there is no conflict of involvement.
Zip Fees on deposits & withdrawals.
Their support is very good & available 24/5.

IC Markets Cons

They don't offer negative balance protection.

besides read our detailed IC Markets review

Beginners Guide to Bitcoin Trading in S Africa: FAQs

What is Bitcoin?

Bitcoin is the world'due south largest cryptocurrency by market cap, and it was launched in 2009 by Satoshi Nakamoto. Bitcoin is decentralised across the peer to peer network so nobody controls it, but everybody can take part in the network to make peer-to-peer transactions.

The transaction record of Bitcoin is stored in the form of Blocks in Blockchain maintained by Bitcoin publicly, allowing anybody in the network to see the public key of the owner and the details of the transaction.

Cryptocurrencies are digital stores of value, which are used as a medium of exchange for decentralised fiscal transactions. The word "Crypto" refers to the encryption technique used past the Cryptocurrencies to secure those transactions, control the creation of new currency and verify those transactions.

Due to the growing popularity of Bitcoin, and its volatile price movements, many new & experienced traders merchandise it as a speculative instrument. So many CFD brokers like Plus500, Hotforex, FXTM; and crypto exchanges have started to offering trading on various cryptocurrencies.

What are Bitcoin CFDs?

A Contract for Differences (CFD) is an organization that allows traders to merchandise the underlying nugget without actually owning the asset. In other words, traders tin can speculate on an musical instrument's toll movements, anticipating a rise or autumn on its price and take a speculative bet.

For example: If the trader thinks the Bitcoin's price will rise against USD, he would place a Buy order – if information technology rises equally expected, he tin sell the Bitcoin CFD afterward for a higher price and profit from the 'difference'.

Conversely, if the trader thinks the Bitcoin's price is going to fall against the U.s. Dollar, he would open a sell position – if the price goes downwards as expected, he must identify an offsetting Buy order to leave the trade and book a turn a profit.

Cryptocurrency CFDs are where the underlying asset of the CFD would be a Cryptocurrency similar Bitcoin. Just like trading any other CFDs, yous can trade & speculate on the price of Bitcoin confronting USD Dollar by using Bitcoin CFDs.

All this is done without physically exchanging your currency for BTC which is washed in case of buying Bitcoin with an Substitution & storing them in digital wallets.

The primary reward of trading Bitcoin every bit a CFD, is that yous don't accept to worry about the security of any wallet, and in virtually cases the trading fees with regulated Bitcoin CFD brokers is much lower compared to an exchange.

Although the negative side is that you won't really own bitcoin(s).

Moreover, call back that CFDs are complex financial products and are not intended for beginners, and you chance losing your invested upper-case letter. Fifty-fifty experienced traders lose, and then you must invest wisely & with right noesis of this nugget.

How can you trade Bitcoin in South Africa?

To trade Bitcoin CFDs, yous need to open an account with a regulated CFD banker that offers Cryptocurrencies to trade.

Nosotros suggest you demo merchandise first and when you are familiar with the trading environment, and have a working trading strategy, but and so put your money with the brokers who are regulated with SA's regulator Financial Sector Acquit Authorisation (FSCA) or with global regulators like FCA, ASIC and CySEC.

There are some good FCA, ASIC & FSCA regulated brokers that offer bitcoin CFD trading. With these brokers, Bitcoin tin can be traded as a CFD against major currencies like the U.s. Dollar (USD) or Euro (EUR), in the form of pairs similar BTC/USD, BTCEUR or in some cases against other Cryptocurrencies like BTC/ETH (Bitcoin against Ethereum) with Plus500 broker.

Trading on Bitcoin & other Cryptocurrency CFDs is available on weekdays or 24×seven, depending on your broker.

Too, many bitcoin brokers give traders access to using leverage, which can be from one:two to 1:10 at a maximum. But due to the volatile nature of Cryptocurrencies, brokers tend to offering lower margin/leverage as compared to other assets like Forex or CFDs on Indices, metals etc.

Remember that while using leverage has a potential to increase your turn a profit if you lot are right, simply it can also magnify the losses if the speculation goes wrong. Yous can even lose your entire trading capital.

And so, it is important to never use higher than 1:2 leverage while trading Bitcoin CFDs or any other Crypto CFDs.

Summary: best bitcoin brokers in S Africa

Bitcoin Banker Name	Broker'south Regulation(southward)	BTCUSD Trading Fees	Leverage	Minimum Deposit	Bachelor Crypto Pairs	Beginning Trading
Plus500	ASIC, FMA, FSP, CySEC and FCA	variable	up to i:twenty for BTCUSD	R1500	14 Crypto CFDs	become started
IC Markets	ASIC	On average 10 USD per ane BTCUSD	up to 1:v	$200	x crypto pairs. BTCUSD, ETHUSD, LTCUSD, XRPUSD & 5 other pairs.	get started
Hotforex	FCA, FSCA, CySEC	$thirty USD for ane BTCUSD	upto one:10	$v	4 Cryptocurrencies on BTC, LTC, ETH, XRP	go started

Frequently asked questions: Bitcoin Brokers

Which is the best Forex Broker for trading Bitcoin?

For traders who desire to trade Bitcoin as a CFD instruments, in that location are brokers like Tickmill HotForex & Exness. These brokers offer CFD trading on Cryptos & are regulated for offer CFDs or derivatives.

Which Bitcoin Broker has the Lowest Fees?

Exness has a typical spread of 272.6 pips for BTCUSD CFD. HotForex SA has a typical spread of 26 & Tickmill has spread of fourscore for 1 lot.

Should I trade Bitcoin CFDs?

Trading bitcoin every bit a CFD musical instrument is highly risky for retail traders as information technology involves leverage or margin trading. For example, HotForex offers a leverage of upto ane:ten on Crypto CFDs. With crypto CFDs like BTCUSD CFD, you are speculating on the value of Bitcoin, and y'all tin go Long or Short. Yous don't own Bitcoin while trading CFDs.

Due to the risky nature of Bitcoin & leveraged CFDs, retail traders should non trade this instrument. Merely professional traders who empathise the risks & have strategies to manage their risk should merchandise CFDs on cryptos.