FP Markets — South Africa
Key facts (8)
- Who actually onboards you
- South African clients are onboarded under the locally licensed entity
- Licence number
- 50926
- Established
- 2005group
- Min deposit, USD
- 100 USDgeo
- Platforms
- MT4 · MT5 · cTrader · TradingView
- Local funding
- Cards, bank wire and e-wallets (Skrill/Neteller)
- Max leverage
- 500geo
- EURUSD
- 1.1 pipsgeo
This broker against the South Africa middle (60 of 104)
| FP Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 6.5 USD | 7.0 USD |
| Min deposit, USD | 100 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 1.1 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.05 pipsgeo | 0.0 pips |
| Established | 2005group | 2009.5 |
| Platforms | 4 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
South African clients are onboarded under the locally licensed entity FP Markets (Pty) Ltd, an FSCA-authorised financial
Locally licensed entity
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 (commission-free) and Raw (0.0 pip + commission) on MT4/MT5/cTrader/TradingView; min deposit USD 100.
What the broker publishes about payouts
Reviews
Trading software and asset classes (4)
MT4 · MT5 · cTrader · TradingView
10,000+ CFDs: 60+ FX pairs, indices, commodities, shares, ETFs, bonds and 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 6.5 USD against a South Africa median of 7.0
- Licensed locally: 50926
- Swap-free account available
Cons (2)
- Withdrawal time not published
- 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
Afghanistan, Cuba, Islamic Republic of Iran, Iraq, Liberia, Libya, Myanmar, Palestine, Russian Federation, Somalia, Syrian Arab Republic, Sudan, Yemen, United States
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
- fpmarkets.com/regulation page
- fsca.co.za domain
- fxscouts.co.za/broker/fpmarkets page
FAQ (4)
Does FP Markets accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of FP Markets?
South African clients are onboarded under the locally licensed entity FP Markets (Pty) Ltd, an FSCA-authorised financial services provider.
What licence does FP Markets hold for South Africa?
Licence 50926.
What does one EURUSD lot cost at FP Markets?
6.5 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.