Swissquote — South Africa
Key facts (8)
- Who actually onboards you
- Swissquote Bank Ltd
- Licence number
- not stated
- Established
- 1996group
- Min deposit, USD
- 1000 USDgeo
- Platforms
- Advanced Trader · MT4 · MT5
- Local funding
- International bank wire, cards; no local South A
- Max leverage
- 100geo
- EURUSD
- 1.7 pipsgroup
This broker against the South Africa middle (60 of 104)
| Swissquote | South Africa median | |
|---|---|---|
| Round turn, USD | 16.0 USD | 7.0 USD |
| Min deposit, USD | 1000 USDgeo | 50.0 USD |
| Max leverage | 100geo | 500.0geo |
| Withdrawal, h | 1 working day hgroup | 24.0 h |
| EURUSD, standard | 1.7 pipsgroup | 1.0 pips |
| EURUSD, raw | 1.1 pipsgroup | 0.0 pips |
| Established | 1996group | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Swissquote Bank Ltd
Entity not established
Served via Swissquote Bank Ltd (Switzerland) cross-border; no local South African 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 (min USD 1,000), Premium (USD 10,000), Prime (USD 50,000).
What the broker publishes about payouts
Reviews
4.0 out of 5 · 1,323 reviews
Trading software and asset classes (3)
Advanced Trader · MT4 · MT5
FX, CFDs, stocks, ETFs, crypto, 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 (2)
- Swap-free account available
- Withdrawal published at 1 working day h
Cons (2)
- Round turn 16.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, Canada
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: 2026-07-09
FAQ (5)
Does Swissquote accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Swissquote?
Swissquote Bank Ltd
What licence does Swissquote hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Swissquote?
16.0 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 Swissquote take?
1 working day hours as published. Up to 1 working day