FXTM — South Africa
Key facts (8)
- Who actually onboards you
- ForexTime Ltd
- Licence number
- 46614
- Established
- 2011group
- Min deposit, USD
- 10 USDgeo
- Platforms
- MT4 · MT5 · FXTM app
- Local funding
- Local EFT/instant EFT (e.g. Ozow), cards, bank w
- Max leverage
- 2000geo
- EURUSD
- not priced
This broker against the South Africa middle (60 of 104)
| FXTM | South Africa median | |
|---|---|---|
| Round turn, USD | not priced | 7.0 USD |
| Min deposit, USD | 10 USDgeo | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | within 24 business hours hgroup | 24.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2011group | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Yes
Score (5/6 axes)
Shown, not ranked: no round-turn price
Licence check
Who actually onboards you
ForexTime Ltd
Locally licensed entity
South African clients served by ForexTime Ltd, locally authorised, with a dedicated SA office.
Cost per round turn, and the South Africa middle (60 of 104)
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/Cent/ECN range + Advantage / Advantage Plus / Advantage Stocks; Islamic available.
What the broker publishes about payouts
Reviews
Evaluating 92 reviews
Trading software and asset classes (3)
MT4 · MT5 · FXTM app
1000+ CFDs: FX, indices, commodities, stock CFDs, limited 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)
- Licensed locally: 46614
- Swap-free account available
- Withdrawal published at within 24 business hours h
Cons (0)
- —
The rest of the shortlist in South Africa (6)
Where it does not serve
USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, Democratic People's Republic of Korea, Puerto Rico, Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar, Russia, India, 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 (3)
Checked: 2026-07-09
- fsca.co.za domain
- sashares.co.za/fxtm-review page
- fxtm.com domain
FAQ (4)
Does FXTM accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of FXTM?
ForexTime Ltd
What licence does FXTM hold for South Africa?
Licence 46614.
How long does a withdrawal from FXTM take?
within 24 business hours hours as published. We release funds from FXTM within 24 business hours of your withdrawal request.