Pepperstone — South Africa
Key facts (8)
- Who actually onboards you
- Pepperstone Markets Kenya Limited
- Licence number
- 128
- Established
- 2010group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · cTrader · TradingView
- Local funding
- ZAR deposits via bank transfer and Visa/Masterca
- Max leverage
- 400geo
- EURUSD
- not priced
This broker against the South Africa middle (60 of 104)
| Pepperstone | South Africa median | |
|---|---|---|
| Round turn, USD | not priced | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 400geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2010group | 2009.5 |
| Platforms | 5 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (4/6 axes)
Shown, not ranked: no round-turn price
Licence check
Who actually onboards you
Pepperstone Markets Kenya Limited
Entity not established
South African clients are onboarded under the offshore entity Pepperstone Markets Kenya Limited (CMA), per 2026 SA reviews; Pepperstone Group is not FSCA-authorised.
Cost per round turn, and the South Africa middle (60 of 104)
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 (spread-only, no commission) and Razor (raw-spread ECN + commission from ~USD 3.50/lot per side); no minimum de
What the broker publishes about payouts
Reviews
Evaluating 434 reviews
Trading software and asset classes (5)
MT4 · MT5 · cTrader · TradingView · Pepperstone's proprietary TradingView-powered platform
1,200+ instruments: 90+ forex pairs, indices, commodities/metals, share CFDs, ETFs and 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 (1)
- Swap-free account available
Cons (3)
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
- 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
FAQ (3)
Does Pepperstone accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Pepperstone?
Pepperstone Markets Kenya Limited
What licence does Pepperstone hold for South Africa?
Licence 128.