FXChoice — South Africa
Key facts (8)
- Who actually onboards you
- FX Choice Ltd
- Licence number
- not stated
- Established
- 2010group
- Min deposit, USD
- 100 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- Cards, bank wire, Skrill/Neteller. No ZAR-specif
- Max leverage
- 200geo
- EURUSD
- 0.5 pipsgroup
This broker against the South Africa middle (60 of 104)
| FXChoice | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 24 hours on business days; bank wire up to 5 business days hgroup | 24.0 h |
| EURUSD, standard | 0.5 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010group | 2009.5 |
| Platforms | 2 | 3.0 |
Accepts residents of South Africa
No
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
FX Choice Ltd
Entity not established
FX Choice Ltd (Belize) serves SA clients cross-border; no local SA 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
Classic (commission-free), Pro (raw + commission), Optimum. Min USD 100 (Classic/Pro).
What the broker publishes about payouts
Reviews
4.2 out of 5
Trading software and asset classes (2)
MT4 · MT5
40+ FX pairs, indices, 80+ stocks, metals, 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 (2)
- Swap-free account available
- Withdrawal published at 24 hours on business days; bank wire up to 5 business days h
Cons (2)
- Round turn 7.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
The rest of the shortlist in South Africa (6)
Where it does not serve
Afghanistan, American Samoa, Belize, China, EU/EEA/EFTA, Guam, Hong Kong, Indonesia, Iran, Iraq, North Korea, Northern Mariana Islands, Puerto Rico, Russia, Singapore, Sudan, Syrian Arab Republic, Taiwan, Turkey, the UK, the United States, US Virgin Islands
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
- myfxchoice.com domain
- sashares.co.za domain
- tradersunion.com domain
- fsca.co.za domain
FAQ (5)
Does FXChoice accept residents of South Africa?
No.
Which entity onboards a South Africa client of FXChoice?
FX Choice Ltd
What licence does FXChoice hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at FXChoice?
7.0 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 FXChoice take?
24 hours on business days; bank wire up to 5 business days hours as published. All withdrawal requests are processed within 24 hours from Monday to Friday.