South African Broker Account Types

Figures current at 29 September 2026. Source: TradeAnswers.

The main types
AccountSpreadCommissionTypical minimumSuits
StandardWider, 1.0 to 1.8 pipsNoneR1,000 to R5,000Lower frequency trading
Raw or ECN0.0 to 0.3 pipsUSD 6 to 7 per lotR5,000 to R20,000Frequent trading
IslamicAs the base accountAdministration fee instead of swapAs the baseSwap-free requirement
ProfessionalRawNegotiatedHighLarge volume
DemoSimulatedSimulatedNoneLearning the platform
What each actually costs on one standard lot
AccountSpread costCommissionTotal per round turn
Standard, 1.4 pipsUSD 14.00USD 0.00USD 14.00
Raw, 0.2 pipsUSD 2.00USD 7.00USD 9.00
Raw, 0.0 pipsUSD 0.00USD 7.00USD 7.00
Standard, 1.8 pipsUSD 18.00USD 0.00USD 18.00
What to check before choosing
ItemWhy
Total cost at your volumeRaw wins above a few lots a month, standard below
Overnight swapDominates the cost on a position held for weeks
Base currencyA rand account avoids conversion on every deposit
Minimum lot sizeDecides the smallest position you can size properly
Whether the licence covers your accountAn offshore entity may hold it, not the local FSP

Data maintained by TradeAnswers · updated as the figures change