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Fortrade in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%0
- Round-turn cost20%25
- Safety20%10
- Payouts15%0
- Track record10%65
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
- Founded
- 2013
- Round turn
- 20 USDZA
- Currencies
- USD, EUR, GBP. 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 FortradeThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
- Local standing
- Offshore under FSC Mauritius (GB21026472); not FSCA-regulated locally.
- Licence as the register states it
- No FSCA licence verified; not on FSCA authorised-FSP list at review.
- Leverage for this entity
- Under FSC Mauritius, above EU/UK 1:30 retail cap; exact offshore tier not verified at review.
- The firm behind it
- Founded 2013, London UK; CEO Nick Collison; private. Group: FCA UK (FRN 609970), CySEC 385/20, ASIC, CIRO/CIPF Canada, DFSA UAE (F009856), NBRB Belarus, FSC Mauritius (GB21026472).
- What we hold against it
- No FSCA warning verified at review. 79% retail CFD accounts lose money (provider disclosure).
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.
Under FSC Mauritius, above EU/UK 1:30 retail cap; exact offshore tier not verified at review.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore under FSC Mauritius (GB21026472); not FSCA-regulated locally.
- 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 (min ~$/£100, recommended £500), Islamic swap-free (min $2, 000), unlimited demo. 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 Fortrade sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 20 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 · 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, Skrill, Neteller, wire;
- Cards
- Skrill
- Neteller
- Wire
- Account currency
- USD, EUR, GBP. No ZAR account verified.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(9 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)
- Fortrader
- MT4
| Class | Min spread | Leverage |
|---|---|---|
| Fortrader | 2 | —ZA |
| MT4 | 2 | —ZA |
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 | 1.9 | 560 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Swap-free account available
- Track record 65 of 100, its strongest of 6 scored axes
- Round turn 20 USD on the standard basis, over the South Africa median 7
- 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
- Reviews 0 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 16ZA
- Min deposit, USD
- 1000ZA
- Leverage
- 100ZA
- Rank in this country
- #59
- Round turn, USD
- 15ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 500ZA
- Rank in this country
- #50
- Round turn, USD
- 11ZA
- Min deposit, USD
- 250ZA
- Leverage
- 1000ZA
- Rank in this country
- #63
- Round turn, USD
- 8ZA
- Min deposit, USD
- 100ZA
- Leverage
- 500ZA
- Rank in this country
- #40
- Round turn, USD
- 18ZA
- Min deposit, USD
- 50ZA
- Leverage
- 1000ZA
- Rank in this country
- #51
- Round turn, USD
- 1ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #38
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 | Fortrade |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 0 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 25 |
| 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 | 65 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does Fortrade accept residents of South Africa?
- No. Offshore under FSC Mauritius (GB21026472); not FSCA-regulated locally. Onboarding entity: Served internationally via Fortrade (Mauritius) Ltd; no local SA branch verified.
- Is Fortrade licensed to serve clients in South Africa?
- No FSCA licence verified; not on FSCA authorised-FSP list at review. Checked on 09.07.2026.
- How much does one round turn cost at Fortrade?
- About 20.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- Which trading platforms does Fortrade support?
- Fortrader, MT4. Instruments: 300+ CFDs: FX, stocks, indices, commodities, treasuries, ETFs. No crypto CFDs.
- How can I withdraw money from Fortrade in South Africa?
- Cards, Skrill, Neteller, wire; no ZA-specific rails verified.
- What account types does Fortrade offer?
- Standard (min ~$/£100, recommended £500); Islamic swap-free (min $2,000); unlimited demo.
- Does Fortrade offer a swap-free (Islamic) account?
- Yes. Fortrade 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://fortrade.com
Not tax advice. Check with SARS.