FXGT — South Africa
Key facts (8)
- Who actually onboards you
- South African clients are onboarded under the local entity GT IO Marke
- Licence number
- 48896
- Established
- 2019group
- Min deposit, USD
- 10 USDgeo
- Platforms
- MT4 · MT5 · FXGT WebTrader
- Local funding
- Cards, local bank/EFT, e-wallets (Neteller/Skril
- Max leverage
- 5000geo
- EURUSD
- 1.15 pipsgeo
This broker against the South Africa middle (60 of 104)
| FXGT | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | 10 USDgeo | 50.0 USD |
| Max leverage | 5000geo | 500.0geo |
| Withdrawal, h | within 24 hours hgroup | 24.0 h |
| EURUSD, standard | 1.15 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2019group | 2009.5 |
| Platforms | 3 | 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
South African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for
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
Mini, Standard+, Micro/Cent, Pro, ECN Zero and Optimus; commission-free except ECN Zero; min deposit from ~USD 10 / ZAR
What the broker publishes about payouts
Reviews
4.3 ... 319 reviews in the last 12 months
Trading software and asset classes (3)
MT4 · MT5 · FXGT WebTrader
50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs, 50+ US share CFDs, 10+ indices, metals and energy 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 (4)
- Round turn 6.0 USD against a South Africa median of 7.0
- Licensed locally: 48896
- Swap-free account available
- Withdrawal published at within 24 hours h
Cons (0)
- —
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, Canada, European Union member states, Iran, North Korea, Belize, Ukraine, United Kingdom
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
- fxgt.com domain
- fsca.co.za domain
- sashares.co.za/fxgt-review page
- compareforexbrokers.co.za domain
FAQ (5)
Does FXGT accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of FXGT?
South African clients are onboarded under the local entity GT IO Markets (Pty) Ltd, with the Seychelles entity used for global products.
What licence does FXGT hold for South Africa?
Licence 48896.
What does one EURUSD lot cost at FXGT?
6.0 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 FXGT take?
within 24 hours hours as published. the broker's finance department typically processes withdrawal requests within 24 hours