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CAPEX in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%55
- Round-turn cost20%92.5
- Safety20%100
- Payouts15%80
- Track record10%50
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- JME Financial Services (Pty) Ltd, operating za.capex.com — the locally licensed CAPEX entity for SA.
- Founded
- 2016
- Retail leverage
- 300ZA
- Round turn
- 6.5 USDZA
- Currencies
- ZAR supported (plus USD/EUR).
- Swap-free account
- yes
Licence check
Open an account with CAPEXThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- JME Financial Services (Pty) Ltd, operating za.capex.com — the locally licensed CAPEX entity for SA.
- Local standing
- Locally FSCA-regulated (only geo here with a domestic licence). Note: post-NAGA merger CAPEX brand consolidating toward NAGA; verify current SA onboarding status.
- Licence as the register states it
- FSCA-authorised, FSP no. 37166 (JME Financial Services). Locally regulated.
- Leverage for this entity
- Up to 1:300 (za.capex.com historic).
- The firm behind it
- CAPEX.com launched 2016 by Key Way Group; SA via JME Financial Services (FSCA); merged into NAGA Group Aug 2024.
- What we hold against it
- On FSCA register (FSP 37166); reputable local licence. Brand transitioning to NAGA — verify live onboarding.
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 youLocally FSCA-regulated (only geo here with a domestic licence). Note: post-NAGA merger CAPEX brand consolidating toward NAGA; verify current SA onboarding status.
- 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: Essential (min ~$100/R1, 600), Original ($1, 000), Signature ($25, 000). 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 CAPEX sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 6.5 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 1:300 · 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 · 1 local)
Cards, bank transfer/EFT, e-wallets.
- Cards
- Bank transfer
- EFTlocal
- Account currency
- ZAR supported (plus USD/EUR).
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- CapexTrader (WebTrader)
- MT5
| Class | Min spread | Leverage |
|---|---|---|
| CapexTrader (WebTrader) | 1.4 | 300ZA |
| MT5 | 1.4 | 300ZA |
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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.1 | 1,900 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(5 for and 2 against, each tied to a figure on this page)
- Round turn 6.5 USD on the raw + commission basis, under the South Africa median 7
- Locally authorised, licence 37166, read on 09.07.2026
- Withdrawal in 24 h, one of 86 of 103 brokers here that publish a time
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- Min deposit 100 USD, over the South Africa median 50
- Platforms 25 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 1000ZA
- Rank in this country
- #10
- Round turn, USD
- 6ZA
- Min deposit, USD
- 100ZA
- Leverage
- 300ZA
- Rank in this country
- #20
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 500 group
- Rank in this country
- #4
- Round turn, USD
- 6ZA
- Min deposit, USD
- 10ZA
- Leverage
- 5000ZA
- Rank in this country
- #5
- 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 | CAPEX |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 55 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 92 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| 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 | 50 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does CAPEX accept residents of South Africa?
- Yes. Locally FSCA-regulated (only geo here with a domestic licence). Note: post-NAGA merger CAPEX brand consolidating toward NAGA; verify current SA onboarding status. Onboarding entity: JME Financial Services (Pty) Ltd, operating za.capex.com — the locally licensed CAPEX entity for SA.
- Is CAPEX licensed to serve clients in South Africa?
- FSCA-authorised, FSP no. 37166 (JME Financial Services). Locally regulated. Checked on 09.07.2026.
- How much does one round turn cost at CAPEX?
- About 6.5 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does CAPEX offer to retail clients in South Africa?
- Up to 1:300. Up to 1:300 (za.capex.com historic)
- Which trading platforms does CAPEX support?
- CapexTrader (WebTrader), MT5. Instruments: 2,100+ instruments incl. USD/ZAR; FX, shares, ETFs, indices, commodities, crypto CFDs.
- How can I withdraw money from CAPEX in South Africa?
- Cards, bank transfer/EFT, e-wallets. Specific SA rails not fully verified at review.
- What account types does CAPEX offer?
- Essential (min ~$100/R1,600), Original ($1,000), Signature ($25,000).
- Does CAPEX offer a swap-free (Islamic) account?
- Yes. CAPEX 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://za.capex.com
Not tax advice. Check with SARS.