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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

AvaTrade — South Africa

Key facts (8)

Who actually onboards you
Local Ava Capital Markets Pty Ltd
Licence number
45984
Established
2006group
Min deposit, USD
100 USDgeo
Platforms
MT4 · MT5 · WebTrader · AvaTradeGO
Local funding
ZAR bank transfer, cards, wire, Skrill/Neteller.
Max leverage
400geo
EURUSD
0.9 pipsgeo

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

AvaTradeSouth Africa median
Round turn, USD9.0 USD7.0 USD
Min deposit, USD100 USDgeo50.0 USD
Max leverage400geo500.0geo
Withdrawal, hno data24.0 h
EURUSD, standard0.9 pipsgeo1.0 pips
EURUSD, rawnot priced0.0 pips
Established2006group2009.5
Platforms63.0

Accepts residents of South Africa

Yes

Score (4/6 axes)

4.62 of 5
cost8020%
safety10020%
track_record10010%
platforms6510%

Shown, not ranked: no review-platform rating

Licence check

Licence number
45984
Checked
2026-07-09

Register

Who actually onboards you

Local Ava Capital Markets Pty Ltd

Entity not established

Local Ava Capital Markets Pty Ltd (FSCA-licensed); many SA sign-ups onboarded via BVI entity.

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

Round turn, USD
9.0 USD
Median
7.0 USD

standard

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

Retail, Islamic, AvaOptions; min USD/ZAR 100 equiv.

What the broker publishes about payouts

Withdrawal, h
not stated

Reviews

Reviews
no data

Trading software and asset classes (6)

MT4 · MT5 · WebTrader · AvaTradeGO · AvaOptions · AvaSocial

FX, indices, shares, commodities, crypto CFDs, options.

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 (2)

  • Licensed locally: 45984
  • Swap-free account available

Cons (3)

  • Round turn 9.0 USD against a South Africa median of 7.0
  • 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 (4)

Does AvaTrade accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of AvaTrade?

Local Ava Capital Markets Pty Ltd

What licence does AvaTrade hold for South Africa?

Licence 45984.

What does one EURUSD lot cost at AvaTrade?

9.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.