ThinkMarkets — South Africa
Key facts (8)
- Who actually onboards you
- Pty Ltd
- Licence number
- 49835
- Established
- 2010group
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · ThinkTrader · TradingView
- Local funding
- Local SA bank transfer/EFT supported, plus Visa/
- Max leverage
- 500geo
- EURUSD
- 0.4 pipsgroup
This broker against the South Africa middle (60 of 104)
| ThinkMarkets | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | 0.4 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2010group | 2009.5 |
| Platforms | 4 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (5/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Pty Ltd
Locally licensed entity
South African clients are served by the LOCAL entity TF Global Markets (South Africa) Pty Ltd, authorised by the FSCA - a genuine local licence.
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 from ~USD 50 / low), ThinkZero (raw + commission), ThinkTrader account; ZAR accounts supported.
What the broker publishes about payouts
Reviews
4.0 out of 5
Trading software and asset classes (4)
MT4 · MT5 · ThinkTrader · TradingView
40+ forex pairs, 17 index CFDs, metals/energies, 1,500+ share CFDs, 20+ 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 (2)
- Licensed locally: 49835
- Swap-free account available
Cons (2)
- Round turn 7.0 USD against a South Africa median of 7.0
- Withdrawal time 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
- thinkmarkets.com domain
- fsca.co.za domain
- sashares.co.za domain
FAQ (4)
Does ThinkMarkets accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of ThinkMarkets?
Pty Ltd
What licence does ThinkMarkets hold for South Africa?
Licence 49835.
What does one EURUSD lot cost at ThinkMarkets?
7.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.