IC Markets — South Africa
Key facts (8)
- Who actually onboards you
- South African clients are onboarded under the OFFSHORE entity Raw Trad
- Licence number
- SD018
- Established
- 2007
- Min deposit, USD
- 200 USDgeo
- Platforms
- MetaTrader 4 · MetaTrader 5 · cTrader
- Local funding
- Methods for SA clients: bank/wire transfer, cred
- Max leverage
- 500geo
- EURUSD
- 1.1 pipsgeo
This broker against the South Africa middle (60 of 104)
| IC Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 7.5 USD | 7.0 USD |
| Min deposit, USD | 200 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 1.1 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.05 pipsgeo | 0.0 pips |
| Established | 2007 | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
South African clients are onboarded under the OFFSHORE entity Raw Trading Ltd (Seychelles) - the 'IC Markets Global' bra
Offshore 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
Three: Standard (spread-only, no commission), Raw Spread MT4/MT5 (near-zero spread + commission), Raw Spread cTrader (ne
What the broker publishes about payouts
Reviews
Trading software and asset classes (3)
MetaTrader 4 · MetaTrader 5 · cTrader
61 forex pairs; 25 index CFDs (from 0.4 points, commission-free, 24/5); commodities (energy, agriculture, metals); cryptocurrency CFDs (leverage up to 1:200); 2,500+ share CFDs across ASX, NYSE, NASDAQ, Tokyo and European exchanges.
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 (1)
- Swap-free account available
Cons (4)
- Round turn 7.5 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
- 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
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 (2)
Checked: 2026-07-08
- icmarkets.com/company/regulation page
- fsca.co.za domain
FAQ (4)
Does IC Markets accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of IC Markets?
South African clients are onboarded under the OFFSHORE entity Raw Trading Ltd (Seychelles) - the 'IC Markets Global' brand - or IC Markets Ltd (Bahamas); NOT the ASIC (Australia) or CySEC (EU) entities. Confirm the exact entity on the client agreement at signup.
What licence does IC Markets hold for South Africa?
Licence SD018.
What does one EURUSD lot cost at IC Markets?
7.5 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.