Global Prime — South Africa
Key facts (8)
- Who actually onboards you
- Gleneagle Securities Pty Ltd
- Licence number
- 40256
- Established
- 2010
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · TraderEvolution · TradingView
- Local funding
- Cards, bank wire, Skrill, Neteller, PayPal, cryp
- Max leverage
- 500geo
- EURUSD
- 0.9 pipsgroup
This broker against the South Africa middle (60 of 104)
| Global Prime | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | under 2 hours hgroup | 24.0 h |
| EURUSD, standard | 0.9 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010 | 2009.5 |
| Platforms | 4 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Gleneagle Securities Pty Ltd
Offshore entity
SA clients onboarded under offshore Gleneagle Securities Pty Ltd (Vanuatu), not the ASIC 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
Standard and Raw/ECN; min USD 0.
What the broker publishes about payouts
Reviews
Trading software and asset classes (4)
MT4 · MT5 · TraderEvolution · TradingView
150+ markets: FX, indices, commodities, shares, 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 under 2 hours h
Cons (4)
- Round turn 7.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
- No public review-platform rating, so the review axis is absent
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
Where it does not serve
no data
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
- globalprime.com domain
- daytrading.com/global-prime page
- forexbrokers.com domain
FAQ (5)
Does Global Prime accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Global Prime?
Gleneagle Securities Pty Ltd
What licence does Global Prime hold for South Africa?
Licence 40256.
What does one EURUSD lot cost at Global Prime?
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 Global Prime take?
under 2 hours hours as published. Most withdrawal methods (excluding bank wire) are typically processed within hours, with many completed in as little as under 2 hours.