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Absa Stockbrokers & Portfolio Management in South Africa — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%90
- Track record10%100
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Absa Stockbrokers & Portfolio ManagementThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- of Absa Group Ltd
- Local standing
- FSCA-regulated domestic (bank-owned share trading)
- Licence as the register states it
- FSCA authorised FSP No. 45849; member of the JSE Equity Market
- Leverage for this entity
- No retail forex; equities mostly unleveraged (single-stock CFDs / share trading). Bank-owned stockbroker, not a leveraged-CFD forex house.
- The firm behind it
- Stockbroking arm of Absa Group Ltd (major South African bank); JSE Equity Market member offering self-managed and managed local/offshore share trading
- What we hold against it
- not verified at review
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
No retail forex; equities mostly unleveraged (single-stock CFDs / share trading). Bank-owned stockbroker, not a leveraged-CFD forex house.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (bank-owned share trading)
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Smart Trading Account (ZAR), Tax-Free Savings Account (TFSA), World Trader Account (offshore/USD, free with Smart Account), managed portfolios. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Absa Stockbrokers & Portfolio Management sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| EFT | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
EFT / bank transfer, debit order (Absa banking);
- EFTlocal
- Bank transfer
- Account currency
- ZAR
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- Absa Stockbrokers online platform
- app
- World Trader
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence 45849, read on 11.07.2026
- Track record 100 of 100, its strongest of 3 scored axes
- 3 platforms: Absa Stockbrokers online platform, app, World Trader
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 15 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 13.6ZA
- Min deposit, USD
- 50ZA
- Leverage
- 20ZA
- Rank in this country
- #19
- Round turn, USD
- 8.5ZA
- Min deposit, USD
- 20ZA
- Leverage
- 200ZA
- Rank in this country
- #7
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 9ZA
- Min deposit, USD
- 10 groupZA
- Leverage
- 1000 group
- Rank in this country
- #27
- Round turn, USD
- 4ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 400ZA
- Rank in this country
- #32
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 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 | Absa Stockbrokers & Portfolio Management |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Absa Stockbrokers & Portfolio Management accept residents of South Africa?
- Yes. FSCA-regulated domestic (bank-owned share trading) Onboarding entity: of Absa Group Ltd
- Is Absa Stockbrokers & Portfolio Management licensed to serve clients in South Africa?
- FSCA authorised FSP No. 45849; member of the JSE Equity Market Checked on 11.07.2026.
- Which trading platforms does Absa Stockbrokers & Portfolio Management support?
- Absa Stockbrokers online platform, app, World Trader. Instruments: JSE-listed shares, ETFs, local & offshore shares (global exchanges via World Trader); select local ETFs in TFSA
- How can I withdraw money from Absa Stockbrokers & Portfolio Management in South Africa?
- EFT / bank transfer, debit order (Absa banking); specifics not verified at review
- What account types does Absa Stockbrokers & Portfolio Management offer?
- Smart Trading Account (ZAR), Tax-Free Savings Account (TFSA), World Trader Account (offshore/USD, free with Smart Account), managed portfolios
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.absa.co.za/personal/save-invest/stockbroker-and-portfolio-management/
Not tax advice. Check with SARS.