Fortrade — South Africa
Key facts (8)
- Who actually onboards you
- Served internationally via Fortrade (Mauritius) Ltd; no local SA branc
- Licence number
- not stated
- Established
- 2013group
- Min deposit, USD
- not stated
- Platforms
- Fortrader · MT4
- Local funding
- Cards, Skrill, Neteller, wire; no ZA-specific ra
- Max leverage
- not stated
- EURUSD
- 2 pipsgroup
This broker against the South Africa middle (60 of 104)
| Fortrade | South Africa median | |
|---|---|---|
| Round turn, USD | 20.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | 1-5 business days hgroup | 24.0 h |
| EURUSD, standard | 2 pipsgroup | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2013group | 2009.5 |
| Platforms | 2 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
Offshore 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
Standard (min ~$/£100, recommended £500); Islamic swap-free (min $2,000); unlimited demo.
What the broker publishes about payouts
Reviews
Trustpilot rating of 1.9/5 based on approximately 560 reviews
Trading software and asset classes (2)
Fortrader · MT4
300+ CFDs: FX, stocks, indices, commodities, treasuries, ETFs. No 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 (1)
- Swap-free account available
Cons (3)
- Round turn 20.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, Belgium, Iran, North Korea, Russia, Belarus, Cuba, Syria, Sudan
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
- fortrade.com domain
- commodity.com/brokers/fortrade-review page
- fsca.co.za domain
FAQ (5)
Does Fortrade accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Fortrade?
Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
What licence does Fortrade hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Fortrade?
20.0 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 Fortrade take?
1-5 business days hours as published. Withdrawals: Withdrawals are processed back to the original funding source