Forex.com — South Africa
Key facts (8)
- Who actually onboards you
- GAIN Global Markets Inc
- Licence number
- not stated
- Established
- 2001group
- Min deposit, USD
- not stated
- Platforms
- Web Trader · mobile app · MT4 · MT5
- Local funding
- Cards, bank wire, e-wallets; dedicated ZAR rails
- Max leverage
- 50geo
- EURUSD
- 1.2 pipsgroup
This broker against the South Africa middle (60 of 104)
| Forex.com | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 50geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 1.2 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2001group | 2009.5 |
| Platforms | 5 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (5/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
GAIN Global Markets Inc
Entity not established
Served via international offshore arm (GAIN Global Markets Inc., Cayman); South Africa listed among accepted countries. No dedicated FSCA-licensed local entity found.
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
Standard, MT4/MT5, DMA. Min USD 100.
What the broker publishes about payouts
Reviews
Overall 4.8 - Visit FOREX.com - FOREX.com Reviews
Trading software and asset classes (5)
Web Trader · mobile app · MT4 · MT5 · TradingView
FX, indices, commodities, shares, crypto (5,500+ instruments).
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)
- Swap-free account available
Cons (4)
- Round turn 7.0 USD against a South Africa median of 7.0
- 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
Afghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nig
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
- forexbrokers.com domain
- tradersunion.com domain
- fxempire.com domain
- forex.com domain
FAQ (4)
Does Forex.com accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Forex.com?
GAIN Global Markets Inc
What licence does Forex.com hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Forex.com?
7.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.