Moneta Markets — South Africa
Key facts (8)
- Who actually onboards you
- Moneta Markets Ltd
- Licence number
- 47490
- Established
- not stated
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · PRO Trader · AppTrader
- Local funding
- Bank/wire, Visa/Mastercard, FasaPay, SticPay and
- Max leverage
- 1000geo
- EURUSD
- 1.2 pipsgeo
This broker against the South Africa middle (60 of 104)
| Moneta Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | 24 hours; 1-7 business days depending on method hgroup | 24.0 h |
| EURUSD, standard | 1.2 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.1 pipsgeo | 0.0 pips |
| Established | not stated | 2009.5 |
| Platforms | 4 | 3.0 |
Accepts residents of South Africa
Yes
Score (5/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Moneta Markets Ltd
Locally licensed entity
South African clients can be onboarded by the local entity Moneta Markets (Pty) Ltd, an FSCA-authorised FSP; the offshore Moneta Markets Ltd (Seychelles FSA SD144) is the group's international arm.
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
Direct STP (min USD 50, spread-only from ~1.2 pips), Prime ECN (min USD 50, from 0.0 pips + ~USD 3/side), Ultra ECN (min
What the broker publishes about payouts
Reviews
Trustpilot rating of 3.7/5 based on around 520 reviews
Trading software and asset classes (4)
MT4 · MT5 · PRO Trader · AppTrader
1,000+ instruments: forex, indices, commodities, share CFDs, crypto CFDs, ETFs and bonds.
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: 47490
- Swap-free account available
- Withdrawal published at 24 hours; 1-7 business days depending on method h
Cons (1)
- Round turn 7.0 USD against a South Africa median of 7.0
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, Canada, Cyprus, France, Italy, Spain, Russia, Ukraine
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
FAQ (5)
Does Moneta Markets accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of Moneta Markets?
Moneta Markets Ltd
What licence does Moneta Markets hold for South Africa?
Licence 47490.
What does one EURUSD lot cost at Moneta Markets?
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 Moneta Markets take?
24 hours; 1-7 business days depending on method hours as published. Withdrawals are generally processed within 24 hours... it can take between 1-7 business days