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Lantern Review
104 brokers measured60 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 03.10.2026

FxPro — South Africa

Key facts (8)

Who actually onboards you
FxPro Markets Direct Costa Rica Latam SRL
Licence number
45052
Established
2006group
Min deposit, USD
100 USDgeo
Platforms
MT4 · MT5 · cTrader · FxPro Edge
Local funding
Local cards and bank transfers in ZAR; e-wallets
Max leverage
200geo
EURUSD
1.2 pipsgroup

This broker against the South Africa middle (60 of 104)

FxProSouth Africa median
Round turn, USD7.0 USD7.0 USD
Min deposit, USD100 USDgeo50.0 USD
Max leverage200geo500.0geo
Withdrawal, hno data24.0 h
EURUSD, standard1.2 pipsgroup1.0 pips
EURUSD, raw0.0 pipsgroup0.0 pips
Established2006group2009.5
Platforms43.0

Accepts residents of South Africa

Through an offshore entity

Score (5/6 axes)

3.82 of 5
reviews1025%
cost9020%
safety7020%
track_record10010%
platforms7010%

Ranked against brokers measured on every axis

Licence check

Licence number
45052
Checked
2026-07-09

Register

Who actually onboards you

FxPro Markets Direct Costa Rica Latam SRL

Entity not established

FxPro Financial Services (SA) holds FSCA licence; however some 2026 reports indicate SA clients onboarded via offshore FxPro Markets Direct Costa Rica Latam SRL — onboarding entity not fully verified at review.

Cost per round turn, and the South Africa middle (60 of 104)

Round turn, USD
7.0 USD
Median
7.0 USD

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, Raw+, cTrader, Elite, VIP. Minimum deposit ~USD 100 / R1,600.

What the broker publishes about payouts

Withdrawal, h
not stated

Reviews

Reviews
3.2/5 from about 800 reviewsgroup

around 3.2 out of 5 stars across approximately 800 customer reviews

Trading software and asset classes (4)

MT4 · MT5 · cTrader · FxPro Edge

FX, indices, shares, metals, energies, 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)

  • Licensed locally: 45052
  • Swap-free account available

Cons (2)

  • Round turn 7.0 USD against a South Africa median of 7.0
  • Withdrawal time not published

The rest of the shortlist in South Africa (6)

Where it does not serve

United States, Canada, Afghanistan, Ivory Coast, Iran, Iraq, Laos, Lebanon, Libya, Mongolia, Myanmar, Palestine, Puerto Rico, Somalia, Syria, Trinidad and Tobago

Methodology

2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Verified · what changed · sources (3)

Checked: 2026-07-09

FAQ (4)

Does FxPro accept residents of South Africa?

Through an offshore entity.

Which entity onboards a South Africa client of FxPro?

FxPro Markets Direct Costa Rica Latam SRL

What licence does FxPro hold for South Africa?

Licence 45052.

What does one EURUSD lot cost at FxPro?

7.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.