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Comprehensive Review dedicated to traders from SA Review South Africa

Accepts South African Clients

Who is is a global forex and CFDs broker founded in 1999 and operated by StoneX group. The company offers over 5,500 financial instruments to traders on its site. It is regulated by a multitude of regulators including top regulators such as the FCA. The broker offers a fairly high financial leverage to South African traders of up to 1:400.

The minimum deposit is $100, which equals roughly to 1800 ZAR.

Regulated by:


Financial Conduct Authority, based in the United Kingdom, reference no 446717.


Australian Services and Investments Commission, based in Australia, license no 138 414 605.


National Futures Association, based in the United States of America, NFA no 0339826.


Investment Industry Regulatory Organization of Canada, based in Canada.

Risk warning: Remember that forex and CFDs available at are leveraged products and can result in the loss of your entire capital.

Please ensure you fully understand the risks involved.


Long-established company operated by a NASDAQ-listed company; StoneX Group
Access to MT4 and MT5
Fact executions, average execution time 0.06s
Availability of a wide range of instruments (5 500+)


No local regulation (FSCA license is misssing)
ZAR not available as the account base currency



Trading assets on has one of the most diverse collections of trading instruments in the world. There are over 5,500 different instruments available for trading by South African clients, all of which are CFDs. The breakdown of the asset classes is as follows:

  • Forex – Here, you can trade a multitude of major, minor, and exotic currency pairs. In total, there are over 80 different currency pairs available for trading. There are four total currency pairs that involve the South African Rand on These include EUR/ZAR, GBP/ZAR, USD/ZAR, and ZAR/JPY.
  • Stocks – South African traders can access over 5,500 global stocks on They can trade stocks from some of the most popular companies globally including Adidas, Alphabet, Amazon, Meta, and Xiaomi, among many others.
  • Indices – On, clients can trade the world’s most popular equity indices across American, European, Asian, and Australian markets. In total, there are over 15 of the world’s top indices including the US SP 500, UK 100, Australia 200, and EU Stocks 50.
  • Commodities Here, clients can trade 10+ spot and futures commodities including crude oil, coffee, corn, and wheat.
  • Precious Metals - Precious metals are also available to trade on These include Gold, Silver, Copper, Palladium, and platinum.
  • Cryptocurrencies – Traders here can trade on different crypto assets including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple (XRP).
Available Deposit & Withdrawal Methods supports the following deposits and withdrawal methods

Supported Platforms by supports the following trading platforms


Platforms review

Trading platforms of the broker avails of four main trading platforms on its website. These include MT4, MT5, TradingView, and Trader. MetaTrader 4 and MetaTrader 5 deliver smooth and intuitive trading experiences to their clients. These platforms are well known for their ultra-fast order execution. This is important as it makes sure clients do not miss out on any trading opportunities. These platforms also come with many charting and analytical tools to support traders. On top of that, they support the use of expert advisors to automate trades and provide trade signals.‘s own platform is also powerful, customizable and fast. You can amp up your trading with real-time signals and analysis tool Trading Central. Additionally, you can get assistance in developing your trading strategy from multiple trained market strategists available on Both the MetaTrader platforms and Trader are available on PC, Web, and mobile devices. On the other hand, WebTrader does not need installation and runs on any device that supports the web.

Screenshot taken from the official website of, platforms, webtrading



Trading Fees on offers great pricing to its clients when trading. The spreads are fairly low and industry standard. There are three different trading accounts, each with different spreads and commissions. The standard account features spreads starting from as low as 0.8 pips for major currency pairs. This account does not charge commissions.

On the other hand, the Commission account and the Direct Market Access (DMA) account both charge a commission. The commission account features spreads starting from 0.2 pips and charges a commission of $5 per 100k traded. The DMA account charges different commissions depending on the trading volume of a client. For example, a trader with a trading volume of $0M - $100M per month would pay a commission of $60 per $1 million traded.

Did you know?

The Active Trader Program on offers high-volume traders up to 15% cash rebates on trades

plus other benefits like reimbursement of any bank fees on all wire transfers.


Education Education Section and Demo Account

An education section for beginners to learn the ropes of trading is really important in forex. Luckily, has a resource-packed education section with loads of courses and guides. There are courses designed for beginners, intermediate, and even advanced traders. This can range from the basic topics such as what is forex trading, to more complex topics such as charting basics.

Demo accounts are also very crucial to beginner traders. They can practice and develop trading strategies before deploying them on the market. Additionally, they can test out how the market works before investing their money. Luckily, has a demo account with $10,000 in virtual funds that last for 30 days.


Leverage Leverage provides one of the highest leverages for South African clients. They can trade with a leverage of up to 1:400. This allows them to control higher trade positions than they would if they used only their capital. However, leverage can be a double-edged sword and traders should use it with caution. Overleveraging can lead to traders falling into debt. The leverage for each asset group is as follows:

Forex 1:400

Stocks 1:20

Indices 1:200

Commodities 1:100

Precious Metals 1:200

Cryptocurrencies 1:4

Did you know? is a subsidiary company of StoneX Group Inc. (NASDAQ: SNEX) a publicly traded company

that meets the highest standards of corporate governance, financial reporting and disclosure.


Accounts Trading Accounts

Standard Account

This account is ideal for traders looking for a traditional forex trading experience. It comes with competitive spreads with no commissions. All trading instruments are available on this account, as well as all trading platforms. As mentioned, the spreads on this account can go as low as 0.8 pips for major currency pairs. The recommended minimum balance for this account is $1,000.

Commission Account

The recommended minimum balance for this account is also $1,000. Additionally, all trading instruments and all trading platforms are available on this account. However, this account features both spreads and commissions. The spreads on this account are ultra-low starting from 0.2 pips for major currency pairs. The commission charged on this account is $5 per 100k traded. 

DMA Account

The only trading instruments on this account are 58 different currency pairs plus spot gold and silver. This account allows clients to trade on prices sourced from global banks and top-tier liquidity providers. The spreads on this account vary based on market conditions, including volatility, available liquidity, and other factors. The commission charged on this account depends on the trading volume of a trader. The lowest amount charged is $60 per $1 million traded on accounts with a trading volume of $0M - $100M per month. The recommended minimum balance for this account is $25,000 and the minimum trade size is $100,000.


Special Features Unique Features

SMART Signals

SMART is an acronym that stands for Statistical, Measurable, Algorithmic, Ready-to-trade, and Timeframed. These are all the characteristics of the trade signals provided by this state-of-the-art technology on This system automatically monitors over 36 major global markets for emerging price action patterns. It presents short-term trade opportunities along with suggested trading strategies.

Platform Analysis Tools

The platform analysis tools allow you to spend less time analyzing and more time trading with automated analysis tools. These tools include Autochartist and Recognia. These tools analyze patterns, volatility, and intraday technical analysis to provide actionable trade opportunity signals. These tools are all free on