GO Markets — South Africa
Key facts (8)
- Who actually onboards you
- GO Markets Pty Ltd
- Licence number
- GB19024896
- Established
- 2006
- Min deposit, USD
- 200 USDgeo
- Platforms
- MT4 · MT5 · cTrader
- Local funding
- Cards, bank wire, Skrill/Neteller; ZAR-specific
- Max leverage
- 500geo
- EURUSD
- 0.9 pipsgroup
This broker against the South Africa middle (60 of 104)
| GO Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | 200 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | same day if submitted before 1:00 PM AEST; otherwise next business day; local bank transfers 1 to 2 business days hgroup | 24.0 h |
| EURUSD, standard | 0.9 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 2006 | 2009.5 |
| Platforms | 3 | 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
GO Markets Pty Ltd
Offshore entity
Served under offshore GO Markets Pty Ltd (Mauritius), not a local SA 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 GO Plus; recommended deposit USD 200 (no hard minimum).
What the broker publishes about payouts
Reviews
Trading software and asset classes (3)
MT4 · MT5 · cTrader
FX, indices, commodities, shares CFDs, 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)
- Round turn 6.0 USD against a South Africa median of 7.0
- Swap-free account available
Cons (2)
- No local licence: the client is onboarded by a foreign entity
- No public review-platform rating, so the review axis is absent
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, Canada, Japan, Belgium, Israel, New Zealand
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
- gomarkets.com domain
- financemagnates.com domain
- wikifx.com domain
FAQ (5)
Does GO Markets accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of GO Markets?
GO Markets Pty Ltd
What licence does GO Markets hold for South Africa?
Licence GB19024896.
What does one EURUSD lot cost at GO Markets?
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 GO Markets take?
same day if submitted before 1:00 PM AEST; otherwise next business day; local bank transfers 1 to 2 business days hours as published. processes withdrawal requests on the same day if they are submitted before the daily cut-off time of 1:00 PM AEST