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AMarkets in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%90
- Round-turn cost20%90
- Safety20%0
- Payouts15%80
- Track record10%95
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- AMarkets Ltd
- Founded
- 2007
- Retail leverage
- 3000ZA
- Round turn
- 7 USDZA
- Currencies
- USD per official; no ZAR account verified.
- Swap-free account
- yes
"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.
Licence check
Open an account with AMarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- AMarkets Ltd
- Local standing
- Unregulated locally; offshore only. South African clients lack FSCA protections.
- Licence as the register states it
- No FSCA authorisation; SVG-registered, MISA-licensed offshore.
- Leverage for this entity
- Up to 1:3000 on some account types.
- The firm behind it
- Founded 2007, CIS roots; ~350,000+ clients; Financial Commission member (up to EUR 20,000).
- What we hold against it
- Offshore/not FSCA-regulated; high leverage; due diligence advised; Financial Commission cover.
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.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youUnregulated locally; offshore only. South African clients lack FSCA protections.
- 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.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard, ECN, Zero, min deposit USD 100. 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 AMarkets sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 7 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 100 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:3000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 0 local rails)
Cards, e-wallets, crypto;
- Cards
- E-wallets
- Crypto
- Account currency
- USD per official; no ZAR account verified.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(19 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- AMarkets App
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.3 |
| MT5 | — | 1.3 |
| AMarkets App | — | 1.3 |
| All instruments | 550+ | — |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Identical for every row: Leverage 3000 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.8 | 297 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(4 for and 3 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 86 of 103 brokers here that publish a time
- Swap-free account available
- Track record 95 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, AMarkets App
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the South Africa median 50
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100ZA
- Leverage
- 200ZA
- Rank in this country
- #41
- Round turn, USD
- 8ZA
- Min deposit, USD
- 100ZA
- Leverage
- 500ZA
- Rank in this country
- #40
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100 groupZA
- Leverage
- 1000ZA
- Rank in this country
- #62
- Round turn, USD
- 8ZA
- Min deposit, USD
- 100ZA
- Leverage
- 200ZA
- Rank in this country
- #43
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100 groupZA
- Leverage
- 500ZA
- Rank in this country
- #45
- Round turn, USD
- 9ZA
- Min deposit, USD
- 100ZA
- Leverage
- 400ZA
- Rank in this country
- #9
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 | AMarkets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 90 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 95 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does AMarkets accept residents of South Africa?
- No. Unregulated locally; offshore only. South African clients lack FSCA protections. Onboarding entity: AMarkets Ltd
- Is AMarkets licensed to serve clients in South Africa?
- No FSCA authorisation; SVG-registered, MISA-licensed offshore. Checked on 09.07.2026.
- How much does one round turn cost at AMarkets?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does AMarkets offer to retail clients in South Africa?
- Up to 1:3000. leverageGeo: Up to 1:3000 on some account types.
- Which trading platforms does AMarkets support?
- MT4, MT5, AMarkets App. Instruments: FX, metals, indices, commodities, stocks, ETFs, crypto CFDs.
- How can I withdraw money from AMarkets in South Africa?
- Cards, e-wallets, crypto; ZAR-specific payment methods not verified at review.
- What account types does AMarkets offer?
- Standard, ECN, Zero; min deposit USD 100.
- Does AMarkets offer a swap-free (Islamic) account?
- Yes. AMarkets offers a swap-free (Islamic) account to South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://amarkets.com
Not tax advice. Check with SARS.