CMC Markets — South Africa
Key facts (8)
- Who actually onboards you
- CMC Markets does not accept clients resident in South Africa; South Af
- Licence number
- not stated
- Established
- 1989group
- Min deposit, USD
- not stated
- Platforms
- —
- Local funding
- not applicable
- Max leverage
- not stated
- EURUSD
- 0.5 pipsgroup
This broker against the South Africa middle (60 of 104)
| CMC Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 5.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 0.5 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 1989group | 2009.5 |
| Platforms | 0 | 3.0 |
Accepts residents of South Africa
No
Score (4/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
CMC Markets does not accept clients resident in South Africa; South Africa is on CMC's excluded-countries list.
Entity not established
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
not applicable
What the broker publishes about payouts
Reviews
4.3 out of 5
Trading software and asset classes (0)
not applicable
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 (1)
- Round turn 5.0 USD against a South Africa median of 7.0
Cons (3)
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
Where it does not serve
South Africa, United States, Brazil, Ukraine, Nigeria, Pakistan
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 (2)
Checked: 2026-07-09
FAQ (4)
Does CMC Markets accept residents of South Africa?
No.
Which entity onboards a South Africa client of CMC Markets?
CMC Markets does not accept clients resident in South Africa; South Africa is on CMC's excluded-countries list.
What licence does CMC Markets hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at CMC Markets?
5.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.