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Lantern Review
104 brokers measured60 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 03.10.2026

Alpari — South Africa

Key facts (8)

Who actually onboards you
Parlance Trading Ltd
Licence number
T2023236
Established
1998group
Min deposit, USD
30 USDgeo
Platforms
MetaTrader 4 · MetaTrader 5 · Alpari mobile app
Local funding
No verified local ZAR instant-EFT rail at review
Max leverage
3000geo
EURUSD
not priced

This broker against the South Africa middle (60 of 104)

AlpariSouth Africa median
Round turn, USDnot priced7.0 USD
Min deposit, USD30 USDgeo50.0 USD
Max leverage3000geo500.0geo
Withdrawal, hno data24.0 h
EURUSD, standardnot priced1.0 pips
EURUSD, rawnot priced0.0 pips
Established1998group2009.5
Platforms33.0

Accepts residents of South Africa

No

Score (3/6 axes)

no data

Shown, not ranked: no review-platform rating

Licence check

Licence number
T2023236
Checked
2026-07-09

Register

Who actually onboards you

Parlance Trading Ltd

Offshore entity

South African clients are onboarded under the offshore operator Parlance Trading Ltd (Comoros Union / Mwali).

Cost per round turn, and the South Africa middle (60 of 104)

Round turn, USD
not priced
Median
7.0 USD

The numbers across South Africa

Round-turn cost, USD (60 of 104)

Median 7.0 · Range 1.5–20.0 USD

Minimum deposit, USD (36 of 104)

Median 50.0 · Range 0.0–1000.0 USD

What each account gives you

Micro (from USD 30, MT4 only), Standard (USD 100), ECN (USD 300), Pro ECN (USD 500).

What the broker publishes about payouts

Withdrawal, h
not stated

Reviews

Reviews
no data

Trading software and asset classes (3)

MetaTrader 4 · MetaTrader 5 · Alpari mobile app

750+ instruments: forex, metals, indices, commodities, share CFDs and crypto CFDs.

Trading profits and South Africa tax

SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres

Where it wins, where it loses

Pros (0)

  • —

Cons (3)

  • No local licence: the client is onboarded by a foreign entity
  • Withdrawal time not published
  • No public review-platform rating, so the review axis is absent

The rest of the shortlist in South Africa (6)

Where it does not serve

no data

Methodology

2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Verified · what changed · sources (3)

Checked: 2026-07-09

FAQ (3)

Does Alpari accept residents of South Africa?

No.

Which entity onboards a South Africa client of Alpari?

Parlance Trading Ltd

What licence does Alpari hold for South Africa?

Licence T2023236.