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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

CAPEX — South Africa

Key facts (8)

Who actually onboards you
JME Financial Services (Pty) Ltd, operating za.capex.com — the locally
Licence number
37166
Established
2016group
Min deposit, USD
100 USDgeo
Platforms
CapexTrader (WebTrader) · MT5
Local funding
Cards, bank transfer/EFT, e-wallets. Specific SA
Max leverage
300geo
EURUSD
1.4 pipsgeo

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

CAPEXSouth Africa median
Round turn, USD14.0 USD7.0 USD
Min deposit, USD100 USDgeo50.0 USD
Max leverage300geo500.0geo
Withdrawal, h1 business day to process; 3-7 business days to receive funds hgroup24.0 h
EURUSD, standard1.4 pipsgeo1.0 pips
EURUSD, raw0.3 pipsgeo0.0 pips
Established2016group2009.5
Platforms23.0

Accepts residents of South Africa

Yes

Score (5/6 axes)

4.02 of 5
cost5520%
safety10020%
payouts8015%
track_record5010%
platforms2510%

Shown, not ranked: no review-platform rating

Licence check

Licence number
37166
Checked
2026-07-09

Register

Who actually onboards you

JME Financial Services (Pty) Ltd, operating za.capex.com — the locally licensed CAPEX entity for SA.

Entity not established

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

Round turn, USD
14.0 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

Essential (min ~$100/R1,600), Original ($1,000), Signature ($25,000).

What the broker publishes about payouts

Withdrawal, h
1 business day to process; 3-7 business days to receive funds hgroup

Reviews

Reviews
no data

Trading software and asset classes (2)

CapexTrader (WebTrader) · MT5

2,100+ instruments incl. USD/ZAR; FX, shares, ETFs, indices, commodities, 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 (3)

  • Licensed locally: 37166
  • Swap-free account available
  • Withdrawal published at 1 business day to process; 3-7 business days to receive funds h

Cons (2)

  • Round turn 14.0 USD against a South Africa median of 7.0
  • 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, Japan, Spain

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 (4)

Checked: 2026-07-09

FAQ (5)

Does CAPEX accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of CAPEX?

JME Financial Services (Pty) Ltd, operating za.capex.com — the locally licensed CAPEX entity for SA.

What licence does CAPEX hold for South Africa?

Licence 37166.

What does one EURUSD lot cost at CAPEX?

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

How long does a withdrawal from CAPEX take?

1 business day to process; 3-7 business days to receive funds hours as published. it takes one business day (excluding weekends) for us to process it... it can take between 3 - 7 business days for you to receive the funds