CFI — South Africa
Key facts (8)
- Who actually onboards you
- CFI Financial (Pty) Ltd, local South African entity.
- Licence number
- 53711
- Established
- 1998group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · cTrader
- Local funding
- Local ZAR bank transfer/EFT, Visa/Mastercard, e-
- Max leverage
- 500geo
- EURUSD
- 0.4 - 1.1 pipsgeo
This broker against the South Africa middle (60 of 104)
| CFI | South Africa median | |
|---|---|---|
| Round turn, USD | 4.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 0.4 - 1.1 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 1998group | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Yes
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
CFI Financial (Pty) Ltd, local South African entity.
Locally licensed entity
Cost per round turn, and the South Africa middle (60 of 104)
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
Zero-commission (spread) and Dynamic Trader (raw+commission); low/zero minimum.
What the broker publishes about payouts
Reviews
Trading software and asset classes (3)
MT4 · MT5 · cTrader
FX, indices, commodities, shares, ETFs, 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)
- Round turn 4.0 USD against a South Africa median of 7.0
- Licensed locally: 53711
- Swap-free account available
Cons (3)
- Withdrawal time not published
- No public review-platform rating, so the review axis is absent
- Minimum deposit for this country not published
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%
Verified · what changed · sources (4)
Checked: 2026-07-09
- cfi.trade/za page
- fsca.co.za domain
- fxnewsgroup.com domain
- sashares.co.za domain
FAQ (4)
Does CFI accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of CFI?
CFI Financial (Pty) Ltd, local South African entity.
What licence does CFI hold for South Africa?
Licence 53711.
What does one EURUSD lot cost at CFI?
4.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.