IG Markets SA — South Africa
Key facts (8)
- Who actually onboards you
- IG Markets South Africa Limited
- Licence number
- 41393
- Established
- 1974group
- Min deposit, USD
- not stated
- Platforms
- IG proprietary web platform & app · MT4 · ProRealTime
- Local funding
- EFT / bank transfer, debit/credit card; specific
- Max leverage
- 30geo
- EURUSD
- 0.75 pipsgeo
This broker against the South Africa middle (60 of 104)
| IG Markets SA | South Africa median | |
|---|---|---|
| Round turn, USD | 7.5 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 30geo | 500.0geo |
| Withdrawal, h | 1-3 business days hgroup | 24.0 h |
| EURUSD, standard | 0.75 pipsgeo | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 1974group | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Yes
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
IG Markets South Africa Limited
Entity not established
Cost per round turn, and the South Africa middle (60 of 104)
standard
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
CFD Trading Account, IG Professional Account (min deposit ~R4,000); demo. NOTE: new local trading accounts being discont
What the broker publishes about payouts
Reviews
4.4 out of 5Based on 5 reviews
Trading software and asset classes (3)
IG proprietary web platform & app · MT4 · ProRealTime
17,000+ markets: forex, indices, shares/share CFDs, commodities, ETFs, cryptocurrencies, options, interest rates
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)
- Licensed locally: 41393
Cons (2)
- Round turn 7.5 USD against a South Africa median of 7.0
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
Where it does not serve
North Korea, Iran, Myanmar
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: 2026-07-11
FAQ (5)
Does IG Markets SA accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of IG Markets SA?
IG Markets South Africa Limited
What licence does IG Markets SA hold for South Africa?
Licence 41393.
What does one EURUSD lot cost at IG Markets SA?
7.5 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 IG Markets SA take?
1-3 business days hours as published. 1-3 business days