BlackBull Markets — South Africa
Key facts (8)
- Who actually onboards you
- BBG Limited
- Licence number
- SD045
- Established
- 2014group
- Min deposit, USD
- 0 USDgeo
- Platforms
- MT4 · MT5 · cTrader · TradingView
- Local funding
- Cards, bank wire, Skrill, Neteller, local bank t
- Max leverage
- 500geo
- EURUSD
- 0.8 pipsgroup
This broker against the South Africa middle (60 of 104)
| BlackBull Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | 0 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 0.8 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2014group | 2009.5 |
| Platforms | 6 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
BBG Limited
Offshore entity
South African retail clients are onboarded under the offshore entity BBG Limited (Seychelles), not a local FSCA entity.
Cost per round turn, and the South Africa middle (60 of 104)
raw+commission
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
ECN Standard (USD 0 min, commission-free, spreads from ~0.8 pips), ECN Prime (USD 0 min, from 0.0 pips + ~USD 6 round-tu
What the broker publishes about payouts
Reviews
Evaluating 801 reviews
Trading software and asset classes (6)
MT4 · MT5 · cTrader · TradingView · BlackBull CopyTrade · BlackBull Invest
72 forex pairs and 26,000+ tradeable symbols: share CFDs, indices, commodities 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 (2)
- Round turn 6.0 USD against a South Africa median of 7.0
- Swap-free account available
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
United States, Canada, Cuba, Iran, North Korea, Russia, Syria, Libya, Zimbabwe, Belarus, Central African Republic, Ethiopia, Hong Kong, Iraq, Lebanon, Venezuela, Yemen, Afghanistan, Liberia, Somalia, Nicaragua, Congo, Algeria, Burundi, Cameroon, Democratic Republic of the Congo, Cote dIvoire, Croatia, Guam, Guinea-Bissau, Haiti, Kenya, Kosovo, Mali, Mozambique, Nigeria, Northern Mariana Islands, P
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
FAQ (4)
Does BlackBull Markets accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of BlackBull Markets?
BBG Limited
What licence does BlackBull Markets hold for South Africa?
Licence SD045.
What does one EURUSD lot cost at BlackBull Markets?
6.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.