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EasyEquities in South Africa — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%30
- Safety20%100
- Payouts15%0
- Track record10%60
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- of Purple Group Ltd
- Founded
- 2014
- Currencies
- ZAR
- Swap-free account
- conditional
Licence check
Open an account with EasyEquitiesThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- of Purple Group Ltd
- Local standing
- FSCA-regulated domestic platform
- Licence as the register states it
- FSCA-authorised FSP No. 22588 (First World Trader). Not a direct JSE member; executes via Purple Group / partner brokers.
- Leverage for this entity
- No retail forex; equities/ETFs unleveraged (fractional shares). CFD/leverage available via sister product EasyTrader, not the core EasyEquities platform.
- The firm behind it
- Launched 2014 to democratise investing via patented Fractional Share Rights model; owned by Purple Group Ltd (JSE-listed, ticker PPE), Johannesburg. Largest retail investing platform in SA by user numbers.
- What we hold against it
- No FSCA enforcement action identified; occasional user complaints on withdrawal/settlement timing and platform downtime - 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/ETFs unleveraged (fractional shares). CFD/leverage available via sister product EasyTrader, not the core EasyEquities platform.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic platform
- 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: ZAR account, USD/GBP/EUR/AUD offshore accounts, TFSA (tax-free), retirement annuity (RA), living annuity, EasyCrypto/EasyProperties wallets. 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 EasyEquities 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
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 2 local)
EFT, instant EFT, debit order, card top-up
- EFTlocal
- instant EFTlocal
- Card top-up
- Account currency
- ZAR
- Fee declared
- 3 of 3 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(2 platforms)
- EasyEquities web platform
- mobile app (iOS/Android)
| Class | Leverage |
|---|---|
| EasyEquities web platform | —ZA |
| mobile app (iOS/Android) | —ZA |
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence 22588, read on 11.07.2026
- Swap-free account available
- Safety 100 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal in 120 h, over the South Africa median 24
- Payouts 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 2000ZA
- Rank in this country
- #3
- 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
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
"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 | EasyEquities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 30 |
| 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 | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 60 |
| 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 EasyEquities accept residents of South Africa?
- Yes. FSCA-regulated domestic platform Onboarding entity: of Purple Group Ltd
- Is EasyEquities licensed to serve clients in South Africa?
- FSCA-authorised FSP No. 22588 (First World Trader). Not a direct JSE member; executes via Purple Group / partner brokers. Checked on 11.07.2026.
- Which trading platforms does EasyEquities support?
- EasyEquities web platform, mobile app (iOS/Android). Instruments: JSE shares (fractional), local & offshore ETFs, US/international shares, bundles, crypto (EasyCrypto), property (EasyProperties), RA/retirement funds, government bonds (in TFSA)
- How can I withdraw money from EasyEquities in South Africa?
- EFT, instant EFT, debit order, card top-up
- What account types does EasyEquities offer?
- ZAR account, USD/GBP/EUR/AUD offshore accounts, TFSA (tax-free), retirement annuity (RA), living annuity, EasyCrypto/EasyProperties wallets
- Does EasyEquities offer a swap-free (Islamic) account?
- Conditional.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.easyequities.co.za/
Not tax advice. Check with SARS.