FXCM — South Africa
Key facts (8)
- Who actually onboards you
- Served locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).
- Licence number
- 46534
- Established
- 1999group
- Min deposit, USD
- 4 USDgeo
- Platforms
- MT4 · Trading Station · TradingView
- Local funding
- Local EFT via major SA banks, cards.
- Max leverage
- 400geo
- EURUSD
- 0.8 pipsgeo
This broker against the South Africa middle (60 of 104)
| FXCM | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 4 USDgeo | 50.0 USD |
| Max leverage | 400geo | 500.0geo |
| Withdrawal, h | 1 to 3 business days hgroup | 24.0 h |
| EURUSD, standard | 0.8 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.2 pipsgroup | 0.0 pips |
| Established | 1999group | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Yes
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Served locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).
Entity not established
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 account; min ZAR 70 (~USD 4).
What the broker publishes about payouts
Reviews
4.5 out of 5
Trading software and asset classes (3)
MT4 · Trading Station · TradingView
FX, indices, commodities, crypto CFDs, shares.
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)
- Licensed locally: 46534
- Swap-free account available
Cons (1)
- Round turn 7.0 USD against a South Africa median of 7.0
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, Canada, the European Union, Hong Kong, Australia, Israel, Japan, India
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
FAQ (5)
Does FXCM accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of FXCM?
Served locally by Stratos South Africa (Pty) Ltd (FXCM South Africa).
What licence does FXCM hold for South Africa?
Licence 46534.
What does one EURUSD lot cost at FXCM?
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 FXCM take?
1 to 3 business days hours as published. Debit and credit card withdrawals are processed back to the original funding source free of broker charges and normally settle in 1 to 3 business days.