1,062 broker-country pairs measured448 brokers20 countriesformula v1.0recalculated 2026-07-09data re-captured 2026-07-09updated 1 day agoAffiliate links never change scores.

Forex.com in ZA — review, licence and costs

TMThandi Mokoena author DMDaniel Mercer editor PWPieter van Wyk fact-checker score recalculated 01.10.2026

through an offshore entityAccepts residents of South AfricaOpened by Forex.com (South Africa) (Pty) Ltd, FSCA licence no data, register checked 2026-07-09

Offshore storefront vs local (60 of 104 fields)

Field

Group site

South African resident

Entity

Halden Global Ltd

Forex.com (South Africa) (Pty) Ltd

Regulator

FSA Seychelles

FSCA

Retail leverage

1:1000group

1:50ZA

Min deposit, USD

10group

100ZA

Currencies

USD, EUR

USD, ZAR

Negative balance cover

no data

Yes

Complaints

FSA

FSCA

Score (60 of 104 of 104 axes)

ranked against full-basis brokers

Reviews25%reviews 90
Reviews20%cost 90
Reviews20%safety 0
Reviews15%no data
Reviews10%track_record 100
Reviews10%platforms 65

2 + 3 × 0.751 = 4.25 · axes on 0–100, total on 2.0–5.0

Key facts (60 of 104 fields)

Onboarding entity: GAIN Global Markets Inc
Founded: 2001
Min deposit: no data USDZA
Retail leverage: 50ZA
Round turn: 7 USDZA
Withdrawal: no data hZA
Currencies: USD, EUR, GBP, others; no ZAR base verified at review.
Swap-free account: yes

Licence check (60 of 104 of 104 entity)

FFSCA · FSP licence, Category I

no data

Active on registerchecked 2026-07-09https://forexbrokers.com

Open an account with Halden

Affiliate link; the score does not change. CFDs carry a high risk of rapid loss due to leverage.

Who actually onboards you(60 of 104 local and 1 offshore entity in the group)

Sign-up from a South Africa addressRouted to South Africa (Pty) Ltd by residence, not by IP.
KYC by South Africa (Pty) LtdSA ID and proof of address.
Contract with the (Pty) LtdFSCA rules apply; complaints go to FSCA.
Client moneySegregated with a South Africa bank; bank name no data

Local entityUsed for South African residents

Forex.com (South Africa) (Pty) Ltd, FSCA FSP 48920
Retail leverage 1:50ZA
Negative balance protection: yes

Offshore entityNot used for South African residents

Halden Global Ltd, FSA Seychelles
Leverage 1:1000group
No FSCA complaints route

If the sign-up form ever lands you on the Seychelles entity, the FSCA licence above does not cover your account.

Leverage by entity (60 of 104 of 104 entities stated)

The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.

Local entity · onboards youLocal entitylocal · FSCA licence no data

1:500ZA

South Africa median, local entities: 1:50 · 18 of 20 statedApplies to you

Local entity · onboards youOffshore entityoffshore · FSCA licence no data

1:500ZA

South Africa median, local entities: 1:50 · 18 of 20 statedApplies to you

Scale from 1:10 to 1:3000, logarithmic.

Client protection (60 of 104 of 104 stated)

Local entity onboards youOffshore; not on FSCA register as a Forex.com FSP at review. Group holds tier-1 licences elsewhere, but SA clients lack onshore FSCA cover.client agreement §4.2 · page
Segregated client fundsno dataclient agreement §4.2 · page
Negative balance protectionno dataclient agreement §4.2 · page
Investor compensation schemeno dataclient agreement §4.2 · page
Regulator warning on filenone foundclient agreement §4.2 · page

“no data” means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.

Price against South Africa market median(priced from 60 of 104 of 104)

Round turn, 1 lot EURUSD, spread plus commission, USD

Halden Raw6.20

South Africa median, raw and swap-free9.20

Halden Standard11.40

South Africa median, standard (60 of 104 priced)13.90

Instrument	Halden Raw, USD	Halden Std, USD	South Africa median raw	South Africa median std	Priced

Medians run over the brokers that publish a South Africa price, never over all 44. Group-wide prices are excluded.

Accounts(60 of 104 types)

Account	Min deposit, USD	EURUSD spread, pips	Commission, USD	Leverage	Swap	Currencies

Swap-free account terms (60 of 104 terms · 5 stated)

Term	Halden, South Africa

Terms read from the account page on 01.10.2026. The cap on open positions is not published.

Where Halden sits in the South Africa base(60 of 104 brokers)

Round-turn cost, USD (60 of 104 of 104 priced)

2<6.5

26.5–7.5

27.5–8.5

38.5–9.5

39.5–10.5

110.5–11.5

4≥11.5

Highlighted: Halden Raw at 6.20

Minimum deposit, USD (60 of 104 of 104 priced)

9<25

925–99

10100

3101–299

4≥300

Highlighted: Halden at 100 · South Africa median 50

Retail leverage (60 of 104 of 104 with a South Africa figure)

11≤1:30

71:50

51:51–200

61:201–400

10>1:400

1 group-only figure excluded · 4 no data

Withdrawal time published (60 of 104 brokers)

Published, hours6No data38Halden is one of the 6

Payouts(60 of 104 of 104 methods timed)

Method	Deposit, h	Withdrawal, h	Fee, USD	Min, USD

Deposit and withdrawal methods (60 of 104 methods · 2 local)

Cardslocal
Deposit
instant
Withdrawal
deposit only
Fee
no data
bank wirelocal
Deposit
instant
Withdrawal
deposit only
Fee
no data
e-wallets; dedicated ZAR rails not verified at reviewlocal
Deposit
instant
Withdrawal
deposit only
Fee
no data

Account currency: USD, EUR, GBP, others; no ZAR base verified at review.
Fastest withdrawal: no data h ZA
Fee declared: 4 of 6 methods
Withdrawal back to: the funding method

Where it does not serve(60 of 104 countries)

Afghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, ZimbabweAfghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, Zimbabwe

From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.

Platforms and markets(60 of 104 of 104 platforms confirmed · 6 asset classes)

MT5: Web Trader, mobile app, MT4, MT5, TradingView
cTrader: Web Trader, mobile app, MT4, MT5, TradingView
Web terminal: Web Trader, mobile app, MT4, MT5, TradingView
Mobile app: Web Trader, mobile app, MT4, MT5, TradingView
Copy trading: Web Trader, mobile app, MT4, MT5, TradingView
TradingView: Web Trader, mobile app, MT4, MT5, TradingView

Class	Count	Min spread	Leverage

Reviews(60 of 104 platform · 25% of the score)

4.2/ 5

Trustpilot rating

1,384

reviews

28.09

snapshot, 2026

5 star64%

4 star14%

3 star6%

2 star4%

1 star12%

Snapshot	Rating	Reviews

Share of reviewers in South Africa: no data The platform does not publish it.

Topics in 1-star reviews (60 of 104 reviews, snapshot 28.09.2026)

Withdrawal delays41 · 25%

Verification (KYC)33 · 20%

Slippage22 · 13%

Support response19 · 11%

Other51 · 31%

Pros and cons(60 of 104 + 5, each tied to a figure above)

For

Raw round turn 6.20 USD vs South Africa median 9.20
FSCA licence FSP 48920, active on 01.10.2026
ZAR account; bank withdrawal 24 h, fee 0
Swap-free with no admin fee; ranked #1 of 30
One of 6 of 44 brokers that publish a withdrawal time

Against

Payouts axis 58 of 100, the lowest of six
Min deposit 100 USD vs 10 at Tidemark
E-wallet withdrawal time and fee not published
Group site advertises 1:1000, unavailable to South African residents
Gold round turn 9.80 USD; 3 brokers price it lower

Alternatives in South Africa(60 of 104 of 104)

Methodology(60 of 104 axes · formula v1.0)

Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology

Axis	Weight	What is measured	Halden

FAQ(60 of 104 questions)

Taxes for a South African resident(60 of 104 rules · as of 10.2026)

SARS taxes residents on worldwide income.https://forexbrokers.comdomain

Not tax advice. Check with SARS.

Verified · What changed · Sources(60 of 104 sources · 4 changes)

Verified01.10.2026

next review 01.01.2027

What changed

Sources · precision