Visit FxPro
Eightcap in South Africa — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no reviews
- Round-turn cost20%90
- Safety20%10
- Payouts15%0
- Track record10%55
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Eightcap Global Limited
- Founded
- 2015
- Retail leverage
- 500ZA
- Round turn
- 7 USDZA
- Currencies
- AUD, USD, EUR, GBP, NZD, CAD, SGD depending on region; no ZAR account verified, so ZAR deposits incur conversion.
- Swap-free account
- conditional
"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 EightcapThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Eightcap Global Limited
- Local standing
- Offshore (Bahamas SCB) for ZA clients; not FSCA-authorised and no local statutory compensation scheme.
- Licence as the register states it
- No FSCA authorisation; served under Bahamas SCB licence SIA-F220 (Eightcap also holds ASIC, FCA, CySEC licences for other regions).
- Leverage for this entity
- Up to 1:500 on forex via the offshore entity; not capped by a local SA regulator.
- The firm behind it
- Founded 2009, HQ Melbourne, Australia; global forex/CFD broker known for MT4/MT5/TradingView and a deep crypto CFD range.
- What we hold against it
- Not FSCA-regulated for ZA clients; offshore entity vs local protection is the main caveat.
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 youOffshore (Bahamas SCB) for ZA clients; not FSCA-authorised and no local statutory compensation scheme.
- 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 (commission-free), Raw, 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 Eightcap 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 1:500 · 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 (4 methods · 0 local rails)
Cards, bank wire, Skrill, Neteller;
- Cards
- Bank wire
- Skrill
- Neteller
- Account currency
- AUD, USD, EUR, GBP, NZD, CAD, SGD depending on region; no ZAR account verified, so ZAR deposits incur conversion.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(25 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(6 platforms)
- MT4
- MT5
- TradingView
- WebTrader
- TradeLocker
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1 |
| MT5 | — | 1 |
| TradingView | — | 1 |
| WebTrader | — | 1 |
| TradeLocker | — | 1 |
| All instruments | 800+ | — |
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 500 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 5, 4 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(3 for and 6 against, each tied to a figure on this page)
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 5 scored axes
- 5 platforms: MT4, MT5, TradingView, WebTrader
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the South Africa median 50
- Withdrawal in 120 h, over the South Africa median 24
- The published 1:500 comes from the group's offshore entity, not from the South Africa one
- Payouts 0 of 100, its weakest of 5 scored axes
- Not scored on reviews: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100 groupZA
- Leverage
- 500ZA
- Rank in this country
- #45
- 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
- 7ZA
- Min deposit, USD
- 100 groupZA
- Leverage
- 50ZA
- Rank in this country
- #22
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100ZA
- Leverage
- 200ZA
- Rank in this country
- #41
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
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 | Eightcap |
|---|---|---|---|
| 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 | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| 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 | 55 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Eightcap accept residents of South Africa?
- No. Offshore (Bahamas SCB) for ZA clients; not FSCA-authorised and no local statutory compensation scheme. Onboarding entity: Eightcap Global Limited
- Is Eightcap licensed to serve clients in South Africa?
- No FSCA authorisation; served under Bahamas SCB licence SIA-F220 (Eightcap also holds ASIC, FCA, CySEC licences for other regions). Checked on 09.07.2026.
- How much does one round turn cost at Eightcap?
- 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 Eightcap offer to retail clients in South Africa?
- Up to 1:500. Up to 1:500 on forex via the offshore entity; not capped by a local SA regulator.
- Which trading platforms does Eightcap support?
- MT4, MT5, TradingView, WebTrader, TradeLocker. Instruments: 800+ CFDs: ~56 forex pairs, indices, metals, energies, ~580 share/ETF CFDs and a large crypto CFD range (100+ coins).
- How can I withdraw money from Eightcap in South Africa?
- Cards, bank wire, Skrill, Neteller; no verified ZAR instant-EFT rail at review.
- What account types does Eightcap offer?
- Standard (commission-free) and Raw; min deposit USD 100.
- Does Eightcap offer a swap-free (Islamic) account?
- Conditional.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://fxscouts.co.za/broker/eightcap
Not tax advice. Check with SARS.